[akforex]

ASIAN SESSION

A) CALENDAR

-GMT 06:00 GER Trade Balance (Aug) EST 16.4B PREVIOUS 17.9B
Definition
Balance of trade figures are the sum of the money gained by a given economy by selling exports, minus the cost of buying imports. They form part of the balance of payments, which also includes other transactions such as international investment. The figures are usually split into visible and invisible balance figures. The visible balance represents the physical goods, and invisible represents other forms of trade, e.g. the service economy.
A positive balance of trade is known as a trade surplus and consists of exporting more (in financial capital terms) than one imports. A negative balance of trade is known as a trade deficit and consists of importing more than one exports. Neither is necessarily dangerous in modern economies, although large trade surpluses or trade deficits may sometimes be a sign of other economic problems.
If the balance of trade is positive, then the economy has received more money than it has spent. This may appear to be a good thing but may not always be so.

B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4120 118.30 2.0440
R2 1.4100 117.95 2.0410
R1 1.4075 117.65 2.0390
S1 1.4035 117.30 2.0330
S2 1.4005 117.00 2.0300
S3 1.3960 116.60 2.0275

C) WATCH
-Interest Rates

D) TRADING TIPS
Spikes are the hardest market turns to deal with because the spike (or V pattern) happens very quickly with little or no transition period. They usually take place in a market that has gotten so overextended in one direction, that a sudden piece of adverse news causes the market to reverse direction very abruptly.