Thursday, Jun 26, 15:57 GMT
ASIA-PACIFIC Trading Newsletter
Featured
Special Event
International Traders Conference 2008 by FXstreet.com
Don't miss the ITC, the most interactive Forex event of the year! 3 days, 8 speakers: Rob Booker, Lars Christensen, Dirk D. du Toit, Derek Frey, Sunil Mangwani, Phil Newton, Jamie Saettele and Sam Seiden. All will be leading Live Trading Sessions in direct contact with attendees!
The FXstreet.com International Traders Conference will be held in Barcelona (Spain) − October 29−31, 2008. It is sponsored by Interbank FX.
- Why attend? Watch ITC 2007's videos
- Enjoy our Early Bird Discount − Register before July 15th and save 200€!
- Check speakers list
- Venue: Barceló Atenea Mar in front of the beach!
To Get Started
- Postcards from the right edge: Currency Pair Smokes Crack, Intervention Planned. GBP/USD by Rob Booker
- We help you to calculate Pivot Points! Use our tool
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jun 26, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
The Forex Basic Training Program − Chapter IV
Expert: Wayne McDonell
Start: Fri, Jun 27, 08:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Fri, Jun 27, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Jun 27, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Dollar Extends Post FOMC Losses, Sterling Surges by ActionForex.com
Cable's rise from 1.9408 finally resumes today by surging sharply higher to 1.9895 so far, taking out 1.9852 support. As mentioned before, this will be consistent with the broader view that rise from 1.9363 represents another rising leg of the consolidation pattern that started at 1.9337. At this point, intraday bias remains on the upside as long as 1.9797 minor support holds. Break of 100% projection of 1.9363 to 1.9852 from 1.9408 at 1.9897 will encourage stronger rise towards 161.8% projection at 2.0199.
- 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:
Daily Technical Strategist − EURUSD: EUR Maintains A Two−Day Upside Gains, Eyes The 1.5842 Level by FXTechstrategy
Market Session Recaps − London Session by FOREX.com
Currency Majors Technical Analysis − 1,9846. GBP USD broke 1,9770 resistance by Mataf.net
FX Analysts' Comments
EUR/USD and GBP/USD Morning (NY) Update by James Chen, Chief Technical Analyst, at FX Solutions
EUR/CHF Declares War on Trendline, Trading World Stunned by Rob Booker, Currency Trader
Currencies at a Glance
- EUR/USD
- Trades above first resistant level 1.5723
06/26/2008 15:36 GMT - GBP/USD
- Continues to move up towards third resistant level 1.9910
06/26/2008 15:36 GMT - USD/CHF
- Continues to move down below second support level 1.0275
06/26/2008 15:37 GMT - USD/JPY
- Continues to move down below second support level 107.17
06/26/2008 15:37 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 CURRENT ACCOUNT N.S.A
| Date (GMT) | Event | Cons. | Previous | |
| Jun 27 | 08:00 | Current Account s.a | - | -15.3B |
| Jun 27 | 08:00 | Current Account n.s.a | - | -7.8B |
EMU economic indicators - The German ifo business climate is expected to have deteriorated in June by BHF−Bank
Despite the EMU trade balance having improved, the EMU current account is likely to have decreased in April, following its usual seasonal pattern. Q1 French GDP is not likely to be revised significantly.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 26 | 14:00 | Existing Home Sales | 4.99M | 4.95M | 4.89M |
| Jun 26 | 14:00 | Existing Home Sales (MoM) | 2.0% | 1.2% | -1.0% |
US May Existing Home Sales Up 2.0% To 4.99 Mln Rate (Dow Jones)
Existing−home sales rose in May, while inventories and prices continued to fall. Home resales rose to a 4.99 million annual rate, a 2.0% increase from April's unrevised 4.89 million annual pace,
[ Full Story ]- Read the Existing Home Sales data at NAR
- U.S. May existing home sales up 2.0 pct to 4.99 mln pace vs 5.0 mln expected (Thomson Financial News)
- US existing home sales increase in May, prices continue falling (FXstreet.com)
- US Existing Home Sales increase 2% in May to 4.99 M rate (FXstreet.com)
US economic indicators - Existing home sales are likely to have recovered slightly to about 5.0m in May by BHF−Bank
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 26 | 12:30 | Gross Domestic Purchases Price Index | 3.6% | - | 3.7% |
| Jun 26 | 12:30 | Gross Domestic Product Annualized | 1.0% | 0.9% | 0.9% |
DATA SNAP: US Spending, Exports Provide Key Lift To 1Q GDP (Dow Jones)
Stronger gains in consumption and exports pushed U.S. gross domestic product higher in the first quarter, revised government figures showed, further evidence that the U.S. avoided recession in the early part of the year albeit with anemic growth.
[ Full Story ]- Read the GDP data at Commerce Department
- U.S. Q1 GDP revised up to 1.0 pct growth on exports, consumer spending UPDATE (Thomson Financial News)
- US Q1 GDP revised higher to 1.0 pct growth on exports, consumer spending (Thomson Financial News)
- US Gross Domestic Product growth accelerates somewhat in the 1Q (FXstreet.com)
US economic indicators - June consumer confidence indices are likely to decline further from long−time lows by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 26 | 14:00 | US | Existing Home Sales (May) | 4.99M | 4.95M | 4.89M |
| 14:00 | US | Existing Home Sales (MoM) (May) | 2.0% | 1.2% | -1.0% | |
| 22:45 | NZ | Gross Domestic Product (QoQ) (1Q) | -0.3% | 1.0% | ||
| 22:45 | NZ | Trade Balance (May) | 150M | -334M | ||
| 23:30 | JP | Jobless Rate (May) | 4% | 4% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (May) | 1.3% | 0.8% | ||
| 23:30 | JP | National CPI Ex Food, Energy (YoY) (May) | 0.0% | -0.1% | ||