Tuesday, Jul 24, 16:40 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- 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
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Live Sessions Schedule
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Jul 26, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Fri, Jul 27, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 24, 18:00 GMT | Live Look at Today’s Markets  | Derek Frey | WBN |  |
| Wed, Jul 25, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Wed, Jul 25, 18:00 GMT | Live Look at Today’s Markets | Derek Frey | WBN | |
| Thu, Jul 26, 11:00 GMT | Using FX Options to Control Risk and Make Profits | John Jagerson | WBN | |
| Thu, Jul 26, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
Current Session: U.S.
USD/CAD
Forex Trading Strategies - CAD regains strength on retail sales by Saxo Bank
Strong surprise in CAD data with retail sales for May out at 2.8% vs 0.5% exp, with less autos out at 2.3% vs 0.6% exp USDCAD traded trough 1.0400 stops and looks set to test channel support at 1.0334.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Follow up the latest Market Movers at Tony Juste's blog
- 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:
Daily Trading Strategy - Playing with fire… by MVDForex
Mid-Day Forex Technical Report - CAD Surges on Ret by ActionForex.com
Currencies at a Glance
- EUR/USD
- Moves down back toward pivot level 1.3815
07/24/2007 16:36 GMT - GBP/USD
- Trades around first resistant level 2.0619
07/24/2007 16:36 GMT - USD/CHF
- Back above pivot level 1.2040
07/24/2007 16:36 GMT - USD/JPY
- Floating around first support level 120.59
07/24/2007 16:36 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
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 25 | 14:00 | Existing Home Sales | 5.88M | 5.99M |
Friday Notes - Global inflation: Genie out of the bottle? by HVB Group
The pending home sales index of the National Association of Realtors has weakened sharply in every month since February. That is a useful guide to future existing home sales data. As a result, we predict a decline from the May sales level.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The housing market in the US is being monitored very closely these days after the collapse of the sub-prime market, and the impact in big hedge funds that had invested in that market. Therefore, any reading below consensus could hurt the USD as the market would turn on the fears of a yet another downleg in the housing sector." - FXstreet.com
Top Market Movers Review
Canada RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 24 | 12:30 | Retail Sales ex Autos (MoM) | 2.3% | 0.5% | 0% |
| Jul 24 | 12:30 | Retail Sales (MoM) | 2.8% | 0.4% | 0.4% |
Canadian May retail sales post 2.8 pct monthly rise, well above expectations (Thomson Financial News)
Canadian retail sales grew by 2.8 pct in May from April, well above expectations for a 0.5 pct rise, figures from Statistics Canada showed. Excluding autos, retail sales rose 2.3 pct during the month, offsetting a 0.3 pct fall in April, the figures showed.
[ Full Story ]- Read the Retail trade, May 2007 at Statistics Canada
- Forex - Canadian dollar climbs on buoyant retail sales figures UPDATE (Thomson Financial News)
- Forex - Canadian dollar climbs on buoyant retail sales figures (Thomson Financial News)
- Canadian retail sales soar in May (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 24 | 12:30 | CA | Retail Sales (MoM) (May) | 2.8% | 0.4% | 0.4% |
| 14:00 | US | Richmond Fed Manufacturing Index (Jul) | 4 | 5 | 4 | |
| 23:50 | JP | Adjusted Merchandise Trade Balance (Jun) | ¥846.0B | ¥788.5B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Jun) | 955.0B | 385.1 | ||
| Jul 25 | 01:30 | AU | CPI - Market Prices (QoQ) (2Q) | 1.0% | 0.1% | |
| 01:30 | AU | CPI - Market Prices (YoY) (2Q) | 1.9% | 2.4% | ||
| 14:00 | US | EIA Crude Oil Stocks (Jul 20) | -0.5M | |||