Friday, Jun 27, 16:20 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
- Multiple Currency Charts: Watch up to 4 charts at the same time!
- The Advisor Weblog: Mixed data in the U.S. by Valeria Bednarik
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
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Jun 30, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 30, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 30, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Jun 30, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jun 30, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Jun 30, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Jul 1, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
Current Session: U.S.
USD/JPY
Technical Summary for Majors − Extending reversal from 108.42 by Windsor Brokers Ltd
Extending reversal from 108.42, 25 Jun high, just under 108.58, 16 Jun peak, to take out 107.13/11, 20/23 Jun pivot lows. This now signals short−term top in place, ahead of further retrace of upleg from 102.57 12 May low, with break below 106.56 (11 Jun low, also trendline support, risking 105.58, 50% retracement of 102.57/108.58 advance. 107.21, today's high, caps for now.
- 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:
Currency Technical Report − Currency Technical Report by FXGreece
Forex Analysis on Majors − eur/jpy has made a new top above 169.00 by Forex Ltd
Daily Technical Strategist − EURUSD: EUR Holds Above Its Nearby Resistance, Turns Focus To The 1.5842 Level by FXTechstrategy
FX Analysts' Comments
Majors preview for the day by Valeria Bednarik, Analyst at MolFX − Management
Decent GDP and Home Sales − But US Indexes Crater by Jerry Furst, Director Investors Education Network
Currencies at a Glance
- EUR/USD
- Continues to trade above pivot level 1.5717
06/27/2008 15:37 GMT - GBP/USD
- Moves up towards first resistant level 1.9951
06/27/2008 15:37 GMT - USD/CHF
- Trades above first support level 1.0173
06/27/2008 15:39 GMT - USD/JPY
- Trades around first support level 106.22
06/27/2008 15:39 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jun 30 | 09:00 | Consumer Price Index (YoY) | - | 3.7% |
Friday Notes - EMU CPI: Further acceleration ahead by HVB Group
We see inflation accelerating further to 3.9% y−o−y in June. Upward pressure should still come from energy, as oil prices remain on a steadily rising trend. Strong non−core components will prevent any relief in headline inflation in the near term.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 27 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 56.4 | 56.8 | 59.8 |
Reuters/Univ Michigan End−Jun Sentiment 56.4; May 59.8 (Dow Jones)
Consumer confidence levels slipped again in June, hitting another nearly three−decade low, according to a report Friday.
[ Full Story ]- Read the Consumer Sentiment Index data at Reuters
- UPDATE: Reuters/Univ Michigan End−Jun Sentiment 56.4;May 59.8 (Dow Jones)
- US late June Reuters/Michigan sentiment falls to 56.4 vs 59.8 expected (Thomson Financial News)
- US Reuters/Michigan Consumer Sentiment index falls again in June (FXstreet.com)
US economic indicators - June consumer confidence indices are likely to decline further from long−time lows by BHF−Bank
US PERSONAL SPENDING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 27 | 12:30 | Personal Income (MoM) | 1.9% | 0.4% | 0.3% |
| Jun 27 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.1% | 0.2% | 0.1% |
| Jun 27 | 12:30 | Personal Spending | 0.8 | 0.6 | 0.4 |
| Jun 27 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 2.1% | 2.1% | 2.1% |
DATA SNAP: US Consumers Spend Stimulus Payments In May (Dow Jones)
Consumer spending surged in May, fed by mounting inflation and the round of income−tax rebates unleashed to brace a soft economy. Personal consumption increased by 0.8% compared to the month before, the Commerce Department said Friday.
[ Full Story ]- Read the Personal Income and Outlays data at Commerce Department
- US May consumer spending up 0.8 pct; personal income up 1.9 pct UPDATE (Thomson Financial News)
- US May consumer spending up 0.8 pct; personal income up 1.9 pct UPDATE (Thomson Financial News)
- US Personal income gain 1.9% in May; Spending rose 0.8% (FXstreet.com)
Daily Forex Technical Report − Dollar Pressured ahead of PCE by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 27 | 12:50 | DE | Consumer Price Index (YoY) (Jun)  | 3.3% | 3.3% | 3.0% |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Jun) | 56.4 | 56.8 | 59.8 | |
| Jun 29 | 22:45 | NZ | Building Permits (MoM) (May) | 82% | ||
| 23:01 | UK | Gfk Consumer Confidence (Jun) | -29 | |||
| 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Jun) | 47.7 | |||
| Jun 30 | 01:30 | AU | Private Sector Credit (MoM) (May) | 0.4% | ||
| 01:30 | AU | Private Sector Credit (YoY) (May) | 14.1 | |||