Thursday, Oct 22, 15:51 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- Video Interview with Kim Cramer: EUR/USD to reach 1.75 early 2010; Oil prices close to $200/barrel
- 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
Chartology: GBP/USD 240 Trend Follow by Raghee Horner
The 240 minute cbale is heading higher as the trend remains strong and UP. The rejection at the top line of the formation is actually a good thing as I wait for a correction in order to play the uptrend. Entering long on the correction of an uptrend is a swing buy. I will look to enter long off the support of the wedge.
Tech Trading: EUR/GBP Rebound from solid support by César B. Leiceaga
The Trader's Edge: Will the EUR/USD continue to rise and C2 Trade Sheet Information by Ross Yamashita
FX Market Readings: Market reversal by Dr. S. Sivaraman
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Oct 22, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Monthly Webinar − Part I: Divergence
Expert: Sunil Mangwani
Start: Fri, Oct 23, 11:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 22, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Oct 23, 11:00 GMT | Monthly Webinar − Part I: Divergence | Sunil Mangwani | WBN |  |
| Fri, Oct 23, 12:45 GMT | Monthly Webinar − Part II: Harmonic Patterns  | Sunil Mangwani | WBN | |
| Mon, Oct 26, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Oct 26, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
The Pound continue to gain versus the Dollar and Euro
UFX Bank − The Pound continue to gain versus the Dollar and Euro after Bank of England policy makers maintained consensus on the size of their bond−purchase plan this month. Overall, GBP/USD traded with a low of 1.6346 and with a high of 1.6635.
EUR/GBP
Immediate meltdown in the value of sterling has been postponed by Mizuho Corporate Bank
Last week's ‘bearish engulfing' candle with a ‘spike high' at its top suggests that an immediate meltdown in the value of sterling has been postponed, and maybe averted for the rest of this year
Commodities
Chart of the Day – Gold by Saxo Bank
Price action on spot gold has formed the appearance of a pennant pattern consolidation after reaching new all−time highs last week. This potential continuation pattern occurs 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
Event of the Day
US LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 22 | 14:00 | Leading Indicators (MoM) | 1.0% | 0.9% | 0.4% |
Conference Bd: Sep US Leading Index Up 1.0%, Above Expectations (Dow Jones)
The index of leading economic indicators rose for the sixth consecutive month in September. The leading index increased 1.0% last month, after a revised 0.4% gain in August, the Conference Board reported Thursday.
[ Full Story ]- US Sep Leading Indicators rises 1% (FXstreet.com)
US economic indicators - Leading indicators (Sep): sharply increasing for the sixth consecutive month by BHF−Bank
Event of the Week
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | 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 ]US: Housing market recovery may be slowing by Easy Forex
Daily Global Commentary - Home Sales – A Preview by Northern Trust
U.S:Housing Finance Initiative by BBVA Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 22 | 14:00 | US | Housing Price Index (MoM) (Aug) | -0.3% | 0.3% | 0.3% |
| 14:30 | CA | Bank of Canada Monetary Policy Report | ||||
| 16:00 | US | Fed's Lockhart speech | ||||
| Oct 23 | 00:30 | AU | Export Price Index (QoQ) (3Q) | -4.7% | -20.6% | |
| 00:30 | AU | Import Price Index (QoQ) (3Q) | -2.7% | -6.4% | ||
| 08:00 | DE | IFO − Business Climate  | 92.1 | 91.3 | ||
| 08:00 | DE | IFO − Expectations (Oct) | 95.7 | |||
Educational Resources
Basics of Conventional Loans and What Do Fannie and Freddie Have to Do With It
Understanding how loans work specifically related to real estate is very important whether you're purchasing a home, investing directly in real estate, or trading mortgage backed securities (MBS). So this week, Diana Hill ll outline the basics of conventional financing and Fannie and Freddie. Read Diana Hill's article !
From Lessons from the Pros as well:
Like Minds, Individual Approach by Sam Evans
Vertical Spreads: Part I by Josip Causic
Important Resources for Futures Traders by Sam Seiden