Friday, Jul 27, 16:59 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Weekly Webinar: 1st on Forex - The Week Ahead
Expert: Jerry Furst
Start: Mon, Jul 30, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jul 30, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 30, 10:00 GMT | The Next Big Move in Forex  | Sam Seiden | WBN |  |
| Mon, Jul 30, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN | |
| Mon, Jul 30, 12:00 GMT | US Pre-Market Open | Ed Ponsi | WBN |  |
| Mon, Jul 30, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jul 30, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: U.S.
USD/CHF
Mid-Day Forex Technical Report - Dollar Unmoved by Stronger GDP, Slower Inflation by ActionForex.com
USD/CHF recovers further today but after all, it's still bounded in established range of 1.2021 and 1.2163. As discussed before, since a short term bottom is in place at 1.1960 with bullish convergence conditions in 4 hours MACD and RSI, firm break of 1.1960 is needed to confirm fall from 1.2467 has resumed.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- 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:
FX Weekly Technical - Initial correction lower before fresh headway to channel top by Informa Global Markets
Daily Trading Strategy - And you … on which side are you???? by MVDForex
FX Thoughts for the Day - FX Thoughts for the day - Evening - 27-July-2007....1205 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Trades around second support level 1.3659
07/27/2007 16:02 GMT - GBP/USD
- Trades around third support level 2.0286
07/27/2007 16:03 GMT - USD/CHF
- Back around pivot level 1.2068 after hit 1.2130
07/27/2007 16:03 GMT - USD/JPY
- Moves down below opening price level 118.69 , below pivot level 119.31
07/27/2007 16:04 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 PERSONAL INCOME
| Date (GMT) | Event | Cons. | Previous | |
| Jul 31 | 12:30 | Personal Income | 0.5% | 0.4% |
| Jul 31 | 12:30 | Personal Spending | 0.1% | - |
Friday Notes - Oil prices – the primary trend is up by HVB Group
Job growth plus pay increases boosted personal income in June. Spending growth was held back by weak auto sales and a temporary decline in gasoline prices. Consumers are showing more caution than earlier in the year, partly because it has taken some time for the housing market slump to influence spending decisions.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 27 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 90.4 | 91.3 | 85.3 |
Reuters/Univ Michigan End-Jul Sentiment 90.4; Jun 85.3 (Dow Jones)
Consumer sentiment moved higher as of the end of July, a report Friday said. The Reuters/University of Michigan consumer sentiment index moved to 90.4 in July's final estimate, from 92.4 in the preliminary estimate and 85.3 in June.
[ Full Story ]- Read the Reuters/University of Michigan Surveys of Consumers
- Reuters/Univ Michigan End-Jul Sentiment 90.4; Jun 85.3 (Dow Jones)
- US Michigan final July consumer sentiment index 90.4 vs 91.0 expected (Thomson Financial News)
- US Reuters/Michigan Consumer Sentiment Index final rises to 90.4 in Jul from 85.3 in Jun (FXstreet.com)
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 27 | 12:30 | Gross Domestic Product Annualized | 3.4% | 3.2% | 0.6% |
DATA SNAP: US 2Q GDP Rises Above Expectations (Dow Jones)
The U.S. economy resurged in the second quarter from its wintertime fizzle as the drag from the housing sector lessened, businesses built inventories, and exports grew.
[ Full Story ]- Read the Gross Domestic Product at Commerce Department
- US Q2 GDP up 3.4 pct, core PCE inflation up 1.4 pct UPDATE (Thomson Financial News)
- ECONOMIC REPORT: U.S. Second-quarter GDP Rises 3.4%, Fastest Since Early 2006 (Dow Jones)
- Dollar Steady After US 2Q GDP Data Meet Expectations -2- (Dow Jones)
- Carlos Leitao, chief economist at Laurentian Bank of Canada: "The U.S. GDP number will get a lot more attention, and perhaps rightly so, but I think the surprise could come from the manufacturing conditions survey, which I suspect is going to be rather pessimistic." - Financial Post
Wakeup Call on Forex Markets - US GDP figures to decide the direction of stocks by Saxo Bank
Asia Market Update - USD continues its recovery ahead of Q2 GDP data by Trade The News
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 27 | 13:30 | DE | Consumer Price Index (MoM) (Jul)  | 0.4% | 0.4% | 0.1% |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Jul) | 90.4 | 91.3 | 85.3 | |
| Jul 30 | 06:00 | DE | Retail Sales (MoM) (Jun) | -3.7% | -1.7% | |
| 06:00 | DE | Retail Sales (YoY) (Jun) | 1.3% | -1.8% | ||
| 23:30 | JP | Jobless Rate (Jun) | 3.8% | 3.8% | ||
| Jul 31 | 07:55 | DE | Unemployment Change (Jul) | -30K | -37K | |
| 07:55 | DE | Unemployment Rate s.a. (Jul) | 9.0% | 9.1% | ||