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ASIA-PACIFIC Trading Newsletter
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FX Instructor Live Trading Room
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Start: Wed, Jun 11, 09:00 GMT
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Trading Break Out's And Other Market Views
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Start: Wed, Jun 11, 10:00 GMT
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Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 10, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN |  |
| Tue, Jun 10, 16:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN | |
| Tue, Jun 10, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Jun 11, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jun 11, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
Current Session: U.S.
USD/CAD
Mid−Day Forex Technical Report − Loonie Recovers after BoC on Hold, Dollar Strengthens Further by ActionForex.com
USD/CAD retreats sharply in early US session. An intraday top is in place at 1.0322 and further consolidation could now be seen, with risk of retreating further to 4 hours 55 EMA (now at 1.0106). Though, downside is still expected to be contained by 0.9957 resistance turned support. Above 1.0322 will indicate that rise from 0.9823 has resumed for upper end of the medium term range near to 1.0378.
- Dan Blystone's Daily Briefing − Webinar
- New Technical Blog − Operators' intentions by Dr. S. Sivaraman, of i−knowindices.com
- Combining Fundamental and Technical Analysis S. Wade Hansen, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the Real Time Economic Calendar
Other Topics for this Session:
Currency Majors Technical Analysis − 1,9574. GBP USD broke 1,9575 support by Mataf.net
Daily Technical Strategist − EURUSD: Corrective Weakness May See The Pair Eyeing The 1.5364 Level by FXTechstrategy
Daily Analysis − Dollar jumps after Bernanke's speech by Finotec Group Inc.
Market Session Recaps − London Session by FOREX.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Lower level consolidation with downward stop hunt will lead to upward rise in EURO and GBP by Dr. S. Sivaraman, of i−knowindices.com
FX' Signal
Weekly Forex Signals − Technically U.S. Dollar could continue strength against the Euro by Finotec Group Inc.
Currencies at a Glance
- EUR/USD
- Continues to move down below second support level 1.5479
06/10/2008 15:42 GMT - GBP/USD
- Trades around third support level 1.9550
06/10/2008 15:42 GMT - USD/CHF
- Trades above second resistant level 1.0388
06/10/2008 15:43 GMT - USD/JPY
- Moves up above first resistant level 106.97
06/10/2008 15:43 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
US ABC/WASHINGTON POST CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Jun 10 | 21:00 | ABC/Washington Post Consumer Confidence | - | -45 |
US economic indicators - Trade deficit could have risen in April, partly due to higher import prices by BHF−Bank
But the preliminary UMI consumer sentiment could at best remain stable, despite the latest weekly ABC consumer comfort index having gone up from –51 to –45, possibly due to the tax rebates.
[ Full Story ]Top Market Movers Review
Canada BOC INTEREST RATE ANNOUNCEMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 10 | 13:00 | BoC Interest Rate Announcement | 3.00% | 2.75% | 3.00% |
The Bank of Canada leaves its Overnight Rate on hold at 3.0% (FXstreet.com)
The Bank of Canada has announced its decision to maintain its target for the Overnight Rate unchanged at 3%, while the Bank Rate remains at 3,25%.
[ Full Story ]- Read the Bank's statement at BOC
- Canada Morning: C$ Up Sharply After Bank Of Canada Shocker (Dow Jones)
- UPDATE: Canada Dollar Up After BOC Stands Pat: USD At C$1.0230 (Dow Jones)
- Bank of Canada keeps key rate at 3.00 pct; inflation risks 'slightly to upside' (Thomson Financial News)
Mid−Day Forex Technical Report − Loonie Recovers after BoC on Hold by ActionForex.com
Daily Forex Technical Report − Dollar Comes Back, BoC Eyed by ActionForex.com
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 10 | 12:30 | Trade Balance | -$60.90B | -$59.60 | -$56.49B |
DATA SNAP: US Apr Trade Gap Widens More Than Expected (Dow Jones)
The U.S. trade deficit swelled more than expected during April, pushed wider by record oil prices and an increased consumption for imported crude that offset a solid climb in exports.
[ Full Story ]- Read the Trade Balance data at Census Bureau
- ECONOMIC REPORT: U.S. Trade Deficit For April Widens On Record Oil Prices (Dow Jones)
- US April trade deficit increases 7.8% to $60.9 bln UPDATE (Thomson Financial News)
- US Trade deficit widened more than expected in April (FXstreet.com)
Spot Forex Trades - Trade Balance: Enhanced! by ForexSurvivor
US economic indicators - Trade deficit could have risen in April, partly due to higher import prices by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 10 | 12:30 | US | Trade Balance (Apr) | $-60.90B | -$59.60 | -$56.49B |
| 13:00 | CA | BoC Interest Rate Announcement | 3.00% | 2.75% | 3.00% | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jun 8) | -45 | |||
| 22:45 | NZ | Terms of Trade Index (1Q) | 0.9% | 2.9% | ||
| 23:01 | UK | NIESR GDP Estimate (May) | 0.3% | 0.4% | ||
| 23:50 | JP | Adjusted Current Account (Apr) | ¥1825.6 | ¥2096.6B | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (May) | 0.7% | 0.6% | ||