Wednesday, Jul 18, 17:06 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. Bring it on!
- Website Renewed! All the Forex Market news and research also in Spanish
- FXstreet.com International Traders Conference: Come to Barcelona! Enjoy the Special Early Bird Discount
- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
- Check out the NEW Flash Charts on the Rates & Charts Section
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
Live Look at Today’s Markets
Expert: Derek Frey
Start: Wed, Jul 18, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Mon, Jul 23, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 18, 18:00 GMT | Live Look at Today’s Markets  | Derek Frey | WBN | |
| Thu, Jul 19, 10:00 GMT | What moves currencies? | Tony Juste | WBN |  |
| Thu, Jul 19, 11:00 GMT | Relative Strength | S. Wade Hansen | WBN |  |
| Thu, Jul 19, 12:00 GMT | US Pre-Market Open | Ed Ponsi | WBN | |
| Thu, Jul 19, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Dollar Recovers after CPI, Short Term Bottom in Place? by ActionForex.com
EUR/USD retreats sharply after a marginal break of 1.3822 fibo resistance (100% projection of 1.1639 to 1.2978 from 1.2483). The break of 1.3757 minor support, with bearish divergence condition in 4 hours MACD and RSI, suggests that a short term top could be in place at 1.3833 already.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Follow up the latest market movers with Tony Juste's technical comments
- The Signals Tracker: track down the performance of a particular signals provider
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Technical Summary for Majors - Technical Summary for Majors by Windsor Brokers Ltd
Forex Trading Strategies - CPI and Housing Market data to give direction by Saxo Bank
Daily Forex Forecast - Daily Forex Forecast by FXDream
Currencies at a Glance
- EUR/USD
- Stays above first resistant level 1.3801
07/18/2007 16:28 GMT - GBP/USD
- Stays above first resistant level 2.0510
07/18/2007 16:29 GMT - USD/CHF
- Trades below pivot level 1.2012
07/18/2007 16:29 GMT - USD/JPY
- Stays below first support level 121.87
07/18/2007 16:30 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 19 | 08:30 | Retail Sales (MoM) | 0.3% | 0.4% |
| Jul 19 | 08:30 | Retail Sales (YoY) | 3.5% | 3.9% |
Friday Notes - "Suberprimemania" refuses to go away by HVB Group
We expect retail sales to have expanded at a healthy 0.4% m-o-m in June, the same pace as in May. This would leave the 3M rate of change at around 1.2%. This is consistent, according to our model, with a nice acceleration in private spending in Q2 2007.
[ Full Story ]Top Market Movers Review
US FED'S BERNANKE TESTIFIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 18 | 14:00 | Fed's Bernanke Testifies | - | - | - |
Bernanke: Growth more subdued (Thomson Financial News)
Federal Reserve Chairman Ben Bernanke told Congress Wednesday that the economy has emerged from its anemic spell, but overall growth for the year will be lower than expected. Inflation remains the chief concern, he said.
[ Full Story ]- U.S. economy will not grow as fast as expected in 2007, according to Bernanke (FXstreet.com)
- FED'S BERNANKE SAYS FED LIKELY TO PROPOSE NEW MORTAGE RULES BY YEAR'S END (Thomson Financial News)
- FED'S BERNANKE SAYS SUBPRIME PROBLEMS LIKELY TO GET WORSE BEFORE THEY GET BETTER (Thomson Financial News)
- Fed's Bernanke Testifies Before House Panel on Monetary Policy
Sunrise Market Commentary: Fixed Income - US Treasuries waiting for Bernanke by KBC Bank
Daily Forex Technical Report - GBP Strength ahead of MPC Minutes, USD Weakness before Bernanke by ActionForex.com
Daily Analysis - Dollar May Gain On Hawkish Testimony By Fed's Bernanke This Week by Finotec Group Inc.
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 18 | 12:30 | Consumer Price Index (YoY) | 2.7% | 2.6% | 2.7% |
| Jul 18 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.2% | 0.1% |
| Jul 18 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.2% | 2.2% | 2.2% |
| Jul 18 | 12:30 | Consumer Price Index (MoM) | 0.2% | 0.2% | 0.7% |
DATA SNAP: June CPI, Core Advance Within Expectations (Dow Jones)
U.S. consumer prices grew moderately last month, as energy costs retreated sharply, while underlying inflation advanced within market expectations. The consumer price index rose 0.2% in June, the Labor Department said Wednesday, down from May's 0.7% rise.
[ Full Story ]- Read the Consumer Price Index at Labor Department
- Forex - Dollar posts modest rise after stronger-than expected CPI, housing data (Thomson Financial News)
- Forex - dollar steady ahead of CPI, Bernanke speech; pound slips off highs (Thomson Financial News)
- US June CPI up 0.2 pct, core CPI up 0.2 pct (Thomson Financial News)
US economic indicators - PPI and CPI only likely to have risen moderately, partly due to lower gasoline prices by BHF-Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 18 | 12:30 | US | Housing Starts (YoY) (Jun) | 1.467 | 1.450M | 1.434M |
| 14:00 | US | Fed's Bernanke Testifies | ||||
| Jul 19 | 06:00 | DE | Producer Price Index (MoM) (Jun) | 0.3% | 0.3% | |
| 06:00 | DE | Producer Price Index (YoY) (Jun) | 1.8% | 1.9% | ||
| 06:15 | CH | Trade Balance (Jun) | 1.15B | 1.04B | ||
| 08:30 | UK | M4 Money Supply (MoM) (Jun)  | 1.1% | 1.2% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Jun) | 13.4% | 13.9% | ||