Tuesday, Oct 20, 15:52 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- Video Interview with Ashraf Laidi: Levels for the EUR/USD and GBP crosses for 4Q/2009
- Rates & Charts Section: Get the most updated data on FX, commodities, Indices... Go Now!
- Do you know it all about FX? Test yourself! Learning Center Practice A is out!
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a living: Tricky start of the day by David Aranzabal
Today Cable started the day at the Frankfurt Opening on the upside. We were long on the breakout but the price started to make a consolidation pattern (123). Only money management techniques can avoid a loss on situations like this.
FxBootcamp: FOREX VIDEO - London Session Review - October 20, 2009 by Christian Stephens
Francesc's Weblog: World Interest Rates Table - A Jewel Yet to be Discovered at FXstreet.com by Francesc Riverola
Tech Tradig: GBP/USD Reversing at trendline resistance? by César B. Leiceaga
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Live Sessions Schedule
Gann and Fibonacci Made Easy
Expert: Lea Peters
Start: Tue, Oct 20, 19:00 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Wed, Oct 21, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 20, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN |  |
| Tue, Oct 20, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Oct 20, 19:00 GMT | Gann and Fibonacci Made Easy | Lea Peters | WBN | |
| Wed, Oct 21, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Wed, Oct 21, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
GBPUSD: Challenges Channel Resistance
FXTechstrategy − GBP was seen attacking its strong resistance at 1.6431 where its channel resistance is located in early trading today. While that level is now vulnerable, a convincing break of there must be seen to put another key resistance standing at its Sept 23'09 high at 1.6463 under pressure. We envisage a price stall at this zone but if that fails to occur recovery higher targeting even the 1.6740 level, its Sept 11'09 high may be seen.
Stock Market
Where Now, Mr. Dow? by fxKnight.com
Looking at a very long−term view of the Dow on the weekly chart, price reached a peak high on Oct 7th, 2007 at 14198.00 and reached a low on March 1st, 2009 at 6474.09.
EUR/USD
Chart of the Day – EUR/USD by FX Solutions
Price action on EUR/USD has just reached a new 14−month high, and has stalled around yet another resistance level (just under the 1.5000 price region), within the context of a strong continuing uptrend.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 21 | 08:30 | Bank of England Minutes | - | - |
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 23 | 08:00 | IFO − Business Climate | 92.1 | 91.3 |
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 23 | 14:00 | Existing Home Sales (MoM) | 5.0% | -2.7% |
| Oct 23 | 14:00 | Existing Home Sales | 5.35M | 5.10M |
Friday Notes - Existing Home Sales: Rebound in home sales continues by UniCredit Group
Existing home sales have rebounded from the all−time low reached in January. Despite their 23⁄4% decline in August, they are still up an annualized 361⁄4% during the last six months.
[ Full Story ]Top Market Movers Review
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 20 | 13:00 | BoC Interest Rate Decision | 0.25% | 0.25% | 0.25% |
BOC Keeps Rate At 0.25%,On Hold To 2Q 2010,Warns Of Strong C$ (Dow Jones)
[ Full Story ]- Read the official statement at BoC
- UPDATE: BOC Keeps Rate At 0.25%,On Hold To 2Q 2010,Warns Of Strong C$ (Dow Jones)
- Forex: USD/CAD: Dollar soars to 1.0400 area after BoC rate statement (FXstreet.com)
- BoC overnight rate remains unchanged at 0.25% (FXstreet.com)
Top Fundamental Stories - BOC Leaves Rates Unchanged and Signals Recovery is Undergoing by ecPulse.com
The Currency Futures Report - Will Canada Raise Rates? by Alaron
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 20 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 1.8% | 2.0% | 6.0% |
| Oct 20 | 12:30 | Producer Price Index (YoY) | -4.8% | -4.2% | -4.3% |
| Oct 20 | 12:30 | Producer Price Index ex Food & Energy (MoM) | -0.1% | 0.1% | 0.2% |
| Oct 20 | 12:30 | Producer Price Index (MoM) | -0.6% | 0.1% | 1.7% |
- DATA SNAP: US PPI Declines 0.6% In Sept (Dow Jones)
- Table Of U.S. PPI Data From Labor Department (Dow Jones)
- US Producer Price Index decreases 0.6% in Sep; Ex food and energy, 0.1% down (FXstreet.com)
Top Fundamental Stories - PPI Shows Inflation is Still Easing, While U.S. Housing Data Disappoint Markets! by ecPulse.com
Fundamental Currencies Comments - Narrow trading ahead of US data by ecPulse.com
Top Fundamental Stories - Busy day for the world's leading economy by ecPulse.com
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 20 | 12:30 | Housing Starts (YoY) | 0.59M | 0.62M | 0.59M |
| Oct 20 | 12:30 | Building Permits (MoM) | 0.57M | 0.59M | 0.58M |
DATA SNAP: Sep Housing Starts Rise Less Than Expected (Dow Jones)
[ Full Story ]- Read the Housing Starts data at the Census Bureau
- US Building Permits fall 1.2% to 0.57M in Sep (FXstreet.com)
- US Housing Starts rise 0.5% to 0.59M in Sep (FXstreet.com)
- Table Of Data On Housing Starts From Commerce (Dow Jones)
Top Fundamental Stories - PPI Shows Inflation is Still Easing, While U.S. Housing Data Disappoint Markets! by ecPulse.com
Fundamental Currencies Comments - Narrow trading ahead of US data by ecPulse.com
Top Fundamental Stories - Busy day for the world's leading economy by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 20 | 12:30 | CA | Wholesale Sales (MoM) (Aug) | -1.4% | -0.4% | 2.6% |
| 13:00 | CA | BoC Interest Rate Decision | 0.25% | 0.25% | 0.25% | |
| 20:30 | US | API Crude Oil Inventories (Oct 16) | -172K | |||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Oct 18) | -45 | |||
| 21:45 | NZ | Visitor Arrivals (Sep) | -0.8% | |||
| Oct 21 | 00:00 | AU | Westpac Leading Index (MoM) (Aug) | -1.1% | ||
| 00:30 | AU | New Motor Vehicle Sales (YoY) (Sep) | -6.2% | |||
Educational Resources
Like Minds, Individual Approach
We all teach, we all trade and indeed, we all understand the key disciplines required to be consistent in the market; yet we are still different people and have individual ideas and approaches. This is important to understand. Read Sam Evans' article !
From the Lessons From the Pros as well:
Important Resources for Futures Traders by Sam Seiden