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ASIA-PACIFIC Trading Newsletter
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- New Blog! Forexology: Having faith in your system by Sunil Mangwani
- ITC'08: Lars Christensen, (Danske Bank) confirmed key speaker
- Streaming Forex Charts: 22 currency pairs and 21 technical indicators, FREE! by Netdania/FXCM
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Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Jun 26, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Jun 26, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 26, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, Jun 26, 13:30 GMT | US Session Open  | Ed Ponsi | WBN |  |
| Thu, Jun 26, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Jun 26, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Fri, Jun 27, 08:00 GMT | The Forex Basic Training Program − Chapter IV | Wayne McDonell | WBN | |
Current Session: U.S.
GBP / USD
Technical Trading Tips and Techniques − GBP/USD Afternoon (NY) by James Chen, Chief Technical Analyst, at FX Solutions
After the FOMC announcement today, Cable climbed significantly. But as we can see on the GBP/USD daily chart to the left, there has been no discernible breakout of the key downtrend resistance line as of yet. Immediate support and resistance levels still apply. Additionally, oscillators like the displayed Stochastics are pointing down from overbought. This is certainly one of the key pairs to watch as we move into Thursday morning's price action, especially London opening.
- Dan Blystone's Daily Briefing − Webinar
- The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Understanding The Exact Process Behind The Movement In Price Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
The Advisor Weblog − After the FED by Valeria Bednarik, Analyst at MolFX − Management
Daily Forex News − Forex − Dollar weakens 16−year low US Consumer Confidence by ACM − Advanced Currency Markets
Banks' Analysis
Technical analysis: Short Sterling − Short Sterling – Sep 2008 by Mizuho Corporate Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
Big moves expected from now.... by Dr. S. Sivaraman, of i−knowindices.com
Support and Resistance levels by Valeria Bednarik, Analyst at MolFX − Management
Currencies at a Glance
- EUR/USD
- Moves up above first resistant level 1.5629
06/25/2008 18:36 GMT - GBP/USD
- Moves up above opening price level 1.9707 , above pivot level 1.9685
06/25/2008 18:37 GMT - USD/CHF
- Moves down towards first support level 1.0354
06/25/2008 18:38 GMT - USD/JPY
- Moves down towards pivot level 107.79
06/25/2008 18:39 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
EMU M3
| Date (GMT) | Event | Cons. | Previous | |
| Jun 26 | 08:00 | M3 (YoY) | - | 10.6% |
EMU economic indicators - M3 growth will probably have fallen to 10.3% yoy in May by BHF−Bank
M3 rose strongly in April, as more than €100bn of fresh funds were channeled into time deposits within one month. Against this background, M3 growth accelerated from 10.3 to 10.6 % yoy.
[ Full Story ]Top Market Movers Review
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 25 | 18:15 | Fed Interest Rate Decision | 2% | 2% | 2% |
The Federal Reserve leaves Funds Rate unchanged at 2.0% (FXstreet.com)
The Federal Reserve's Monetary Policy Committee has decided to leave its Fund Rate unchanged at 2%, as widely expected, after their monthly monetary policy meeting. The Fed affirms that easing of monetary policy plus measures to support market liquidity should promote economic growth.
[ Full Story ]- Read the official data al the Federal Reserve
- Fed keeps key funds rate unchanged at 2.00 pct UPDATE (Thomson Financial News)
- U.S. stocks rise further in volatile trading after Fed's no action (Thomson Financial News)
- Text of today's FOMC policy statement (Thomson Financial News)
FOMC: Preview of policy meeting by Danske Bank A/S
Central Banks: Fed - Preview of Jun 25 Meeting by FXstreet.com
Daily Analysis - Traders place their bets as Federal Reserve rate decision beckons by Finotec Group Inc.
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 25 | 14:00 | New Home Sales | 512K | 512K | 525K |
| Jun 25 | 14:00 | New Home Sales (MoM) | -2.5% | -2.7% | 3.3% |
DATA SNAP: US May New Home Sales Down Less Than Expected (Dow Jones)
New−home sales retreated for the fifth time in six months during May, while inventories kept shrinking and the median price for a home dropped.
[ Full Story ]- Read the New Home Sales data at Census Bureau
- US − New Home sales fell 2.5% in May, slightly better than expected (FXstreet.com)
- US May new home sales down 2.5 pct to 512,000 unit annual pace (Thomson Financial News)
- US New Home Sales decreases −2.5% in May to 512,000 anual rate (FXstreet.com)
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 25 | 12:30 | Durable Goods Orders | 0% | 0% | -1% |
| Jun 25 | 12:30 | Durable Goods Orders ex Transportation | -0.9% | -0.9% | 1.9% |
DATA SNAP: US May Durable Goods Better Than Expected (Dow Jones)
Demand for expensive goods were flat in May, and a barometer of capital spending by businesses retreated, government data on the economy Wednesday showed.
[ Full Story ]- Read the Durable Good Orders data at Census Bureau
- US durable goods orders unchanged in May; ex−transportation decline 0.9% (FXstreet.com)
- U.S. May durable goods orders unchanged, ex−transportation down 0.9 pct (Thomson Financial News)
- US Durable Goods Orders Unch in May vs −1.0% in April (FXstreet.com)
Daily Market Report - Data out today is Durable Goods Orders by Wachovia
US economic indicators - Durable goods orders could have risen slightly in May due to transportation by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 25 | 14:30 | US | EIA Crude Oil Stocks change (Jun 21) | 0.8M | -1.1M | -1.2M |
| 18:15 | US | Fed Interest Rate Decision | 2% | 2% | 2% | |
| 22:45 | NZ | Current Account (1Q) | -1.67B | -3.40B | ||
| Jun 26 | 00:00 | AU | Conference Board Australia Leading Index (Apr) | -0.4% | ||
| 06:00 | DE | Import Price Index (MoM) (May) | 1.5% | 0.9% | ||
| 06:00 | DE | Import Price Index (YoY) (May) | 6.9% | 5.7% | ||
| 08:00 | EMU | M3 (YoY) (May) | 10.6% | |||