Tuesday, Jul 01, 16:01 GMT
ASIA-PACIFIC Trading Newsletter
The Forex Game: Win a Sony Vaio
The Dollar is bearish, but the Duellar is bullish. Play on real charts: Challenge fellow traders, snatch their duellars and win a SONY VAIO!Sponsored by:
To Get Started
- Webinar videos: MONTHLY WEBINAR - Understanding The Creation Of Candles In Forex Trading by Sam Seiden
- New Blog! The Disciplined Trader: Can You Describe The Trades You're In? Why we need 'Good Habits' by Pierre Charlebois
- FX Path Blog: Average True Range (ATR) Indicator by James Chen
- Multiple Currency Charts: Watch up to 4 charts at the same time!
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Live Sessions Schedule
Profitable Day Trading in the Forex and Related Markets Series: Chapter II
Expert: Markus Heitkoetter
Start: Tue, Jul 1, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jul 2, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 1, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN |  |
| Tue, Jul 1, 16:00 GMT | Profitable Day Trading in the Forex and Related Markets Series: Chapter II | Markus Heitkoetter | WBN | |
| Wed, Jul 2, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jul 2, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
| Wed, Jul 2, 11:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Dollar Remains Pressured Despite Better than Expected ISM by ActionForex.com
At this moment, EUR/USD is still bounded is consolidative trading inside tight range below 1.5836. With an intraday top in place, further sideway trading could be seen. Nevertheless, further rally is still in favor as long as 1.5718 minor support holds. As discussed before, at this moment, it's uncertain what form of pattern will the consolidation from 1.6019 eventually develop into. 1.5843 remains a key near term focus.
- The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Longer−term Support and Resistance Trading: Setups and Rules Rob Booker, Founder and Host TraderRadio.net
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Market Session Recaps − London Session by FOREX.com
Daily Forex Forecast − Daily Forex Forecast by FXDream
Monthly Performance
Today's Technical Trading Points − Monthly Performance − June 2008 by Danske Bank A/S
FX Analysts' Comments
Gap time false upward move to drop during the session... by Dr. S. Sivaraman, of i−knowindices.com
Delicious Currency Pairs on Menu. Save up for Dessert by Rob Booker, Currency trader
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 ECB TRICHET'S SPEECH
| Date (GMT) | Event | Cons. | Previous | |
| Jul 2 | 07:15 | ECB Trichet's Speech | - | - |
Daily Fx Strategy - Dollar Faces Dual Threat from Trichet, Payrolls by CMC Markets
Euro surged to afresh 3−week high of 1.5836 before retreating on overall consolidation prior to the US open. Aside from the potential of disappointing US data, the ECB press conference may sound off a more hawkish tone than anticipated.
[ Full Story ]Daily FX Report - Market wants Central Bankers comments by Varengold Wertpapierhandelsbank AG
Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 1 | 14:00 | ISM Manufacturing | 50.2 | 49.0 | 49.6 |
DATA SNAP: ISM Up In June, Amid Surging Price Pressures (Dow Jones)
U.S. manufacturers saw the most pervasive price pressures since the dark days of the late 1970s stagflation era during June, even as overall activity managed to tip into positive territory.
[ Full Story ]- Francesc's Weblog: Danske Bank expects a decline in June's ISM to 48.0 from 49.6 in May
- Read the Manufacturing report at ISM
- UPDATE: ISM Up In June, Amid Surging Price Pressures (Dow Jones)
- U.S. stocks remain broadly lower, but pare losses on surprise rise in ISM index (Thomson Financial News)
- Dollar Jumps After US ISM Mfg Data Beat Expectations (Dow Jones)
Mid−Day Forex Technical Report − Dollar Remains Pressured Despite Better than Expected ISM by ActionForex.com
Monitor - USA: Preview on June's ISM by Danske Bank A/S
US economic indicators - June ISM indices are likely to have deteriorated by BHF−Bank
US CONSTRUCTION SPENDING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 1 | 14:00 | Construction Spending (MoM) | -0.4% | -0.6% | -0.1% |
DATA SNAP: May Construction Outlays Above Expectations (Dow Jones)
U.S. construction spending tumbled in May, brought down once again by the sickly housing sector. Total spending fell by 0.4% to a seasonally adjusted annual rate of $1.085 trillion, the Commerce Department said Tuesday.
[ Full Story ]- Read the Construction Spending data at Census Bureau
- US May construction spending down 0.4 pct vs 0.5 pct decline expected (Thomson Financial News)
- US Construction Spending declines 0.4% in Jun (FXstreet.com)
- Table Of Data On Construction Spending From Commerce (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 1 | 14:00 | US | Construction Spending (MoM) (Jun) | -0.4% | -0.6% | -0.1% |
| 14:00 | US | ISM Manufacturing (Jun) | 50.2 | 49.0 | 49.6 | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jun 29) | -43 | |||
| Jul 2 | 01:30 | AU | Building Permits (MoM) (May) | -3.4% | 7.8% | |
| 01:30 | AU | Building Permits (YoY) (May) | 7.2% | 5.2% | ||
| 01:30 | AU | Retail Sales (MoM) (May) | 0.1% | -0.2% | ||
| 07:15 | EMU | ECB Trichet's Speech | ||||