Friday, Aug 10, 16:48 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Website Renewed! All the Forex Market news and research also in Spanish
- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
- FXstreet.com 1st International Traders Conference − Come and meet our renowned Speakers
- Global Liquidity Crisis by FXstreet.com
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Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Aug 13, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 13, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 13, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Aug 13, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Aug 13, 13:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Mon, Aug 13, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Aug 13, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Yen Crosses Could Stabilize But Short Term Risk Remains on Downside by ActionForex.com
EUR/USD edges further lower to 1.3643 today but stabilizes as no follow through selling is seen yet. Though, intraday bias will remain on the downside as long as 1.3713 minor resistance holds. Further decline is still in favor. As discussed before, EUR/USD should still be bounded in consolidation that started at 1.3851 and hence, another test of 1.3567/3658 support zone is expected to be seen before completing such consolidation. However, downside is also expected to be contained there.
- 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:
Bank Recomendations − CBCM, ABN AMRO, SEB by Finotec Group Inc.
Daily Outlook − USD/JPY: Confidence level − low by Karoll
Daily Trading Strategy − Now what? by MVDForex
Currencies at a Glance
- EUR/USD
- Moves up toward pivot level 1.3716
08/10/2007 16:10 GMT - GBP/USD
- Back around opening price level 2.0234 , below pivot level 2.0278
08/10/2007 16:10 GMT - USD/CHF
- Moves up above pivot level 1.1958
08/10/2007 16:10 GMT - USD/JPY
- Back around opening price level 118.16 , below pivot level 118.69
08/10/2007 16:10 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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 13 | 12:30 | Retail Sales ex Autos (MoM) | - | 1.3% |
| Aug 13 | 12:30 | Retail Sales (MoM) | - | -0.9% |
Morning Report - USD eases on cautious bearish sentiment by Westpac Institutional Bank
Another decent gain, which along with a 0.3% rise in factory stocks and a likely rise in retail inventories (some of which may be involuntary given June's weak sales) should see a strong enough gain in business stocks to prompt an upward revision to the inventories' contribution to Q2 GDP growth.
[ Full Story ]Top Market Movers Review
US IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 10 | 12:30 | Import Price Index (YoY) | 2.8% | 2.5% | 2.3% |
| Aug 10 | 12:30 | Import Price Index (MoM) | 1.5% | 0.6% | 0.9% |
Energy pushes U.S. import prices higher than expected in July (FXstreet.com)
Prices of imported products have risen in July on the back of increasing energy prices, as well as of products from china, which completes a period of five consecutive months posting increases in prices of products from abroad.
[ Full Story ]- Read the Import/Export Price Indexes at Labor Department
- US July import prices rise 1.5 pct vs 1.0 pct expected, ex−petro up 0.2 pct (Thomson Financial News)
- US Import Prices Soar On Energy Prices; Record China Rise (Dow Jones)
- US Jun Import Price Index rises to 1.5% (FXstreet.com)
Daily Market Report - Foreign exchange markets are not going to care much about today's import price index by Wachovia
US economic indicators - Productivity probably rose more strongly in Q2 by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 10 | 12:30 | US | Export Price Index (MoM) (Jul) | 0.2% | 0.3% | 0.3% |
| 12:30 | US | Import Price Index (MoM) (Jun) | 1.5% | 0.6% | 0.9% | |
| Aug 12 | 23:50 | JP | Gross Domestic Product (QoQ) (2Q)  | 0.2% | 0.8% | |
| Aug 13 | 08:30 | UK | Producer Price Index − Output (MoM) (Jul) | 0.3% | 0.2% | |
| 08:30 | UK | Producer Price Index − Output (YoY) (Jul) | 2.4% | 2.4% | ||
| 12:30 | US | Advance Retail Sales (Jul) | 0.2% | -0.9% | ||
| 12:30 | US | Retail Sales (MoM) (Jul) | -0.9% | |||