Monday, Jul 07, 15:55 GMT
ASIA-PACIFIC Trading Newsletter
The Forex Game: Training Week
Sharpen your skills, find your strategy. Train this week and win a $5,000 Real Account with Alpari UK the next one.Sponsored by:
To Get Started
- Webinar videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- NEW BLOG: The Trader's Edge by Ross Yamashita
- Postcards from the Right Edge: New Video on MSN: Klingon Darsek vs. US Dollar by Rob Booker
- Jet Fuel – To Hedge or Not to Hedge? (Part two) by Ron Schelling in the Trader's Journal
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
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jul 8, 08:00 GMT
Type of Session: Webinar
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Jul 8, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 7, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Jul 8, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Jul 8, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jul 8, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Tue, Jul 8, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN | |
Current Session: U.S.
USD/JPY
The Advisor Weblog − USD/JPY Technical view by Valeria Bednarik, Analyst at MolFX − Management
The pair has been running up with no pause since the beginning of the Asian session, and right now is facing a tough congestion zone between 107.73/107.86 clear in 4 hours charts. With indicators turning as the pair seems tired of the run, a rebound around that zone seems likely in the next hours. If the pair manages to break above 107.95, the uptrend will continue at least to 108.20
- 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:
Mid−Day Forex Technical Report − Dollar Extends Rally on Falling Commodity Prices by ActionForex.com
Daily Analysis − Daily Analysis by Finotec Group Inc by Finotec Group Inc.
Market Session Recaps − London Session by FOREX.com
FX Analysts' Comments
Majors update by Valeria Bednarik, Analyst at MolFX − Management
Nadal Wins Tennis Match, AUD/USD Falls by Rob Booker, Currency Trader
Forex Signals
Spot Forex Trades − 10pips USDJPY & 77pips Dow Jones Missions Accomplished by ForexSurvivor
Currencies at a Glance
- EUR/USD
- Stays around first support level 1.5659
07/07/2008 15:34 GMT - GBP/USD
- Trades below 1.9700 , below third support level 1.9741
07/07/2008 15:34 GMT - USD/CHF
- Continues to trade around third resistant level 1.0322
07/07/2008 15:35 GMT - USD/JPY
- Stays around 107.50 , above third resistant level 107.18
07/07/2008 15:35 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 FED'S BERNANKE SPEECH
| Date (GMT) | Event | Cons. | Previous | |
| Jul 8 | 12:30 | Fed's Bernanke Speech | - | - |
Weekly Review and Outlook − EUR/USD Pullback on Trichet, Fedspeaks ahead by ActionForex.com
The economic calendar of US is rather light this week. Nevertheless, markets will be busy listening to speeches from a number of Fed officials including Yellen on Monday and Thursday, Bernanke and Lacker on Tuesday.
[ Full Story ]FX Weekly Commentary - Dollar Comeback! Is it Real? Will Bernanke Make it Happen? by FXGreece
Weekly Forex Outlook - ECB Trichet puts the brakes on EURO longs. US FED Bernanke's turn? by Easy Forex
Top Market Movers Review
Canada BUILDING PERMITS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 7 | 12:30 | Building Permits (MoM) | 1.1% | -6.5% | 17.0% |
Canada building permits increase in May against expectations (FXstreet.com)
Building permits have increased in Canada from April to May, for its second consecutive time, against the expectations of a considerable decline, according to data released by Statistics Canada.
[ Full Story ]- Read the Building Permits data at Statistics Canada
- Canada May Building Permits increase 1.1% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 7 | 00:00 | G8 Meeting | ||||
| 14:00 | CA | Bank of Canada Business Outlook Survey (2Q) | ||||
| 22:00 | NZ | NZIER Business Confidence (2Q) | -64 | |||
| 23:01 | UK | NIESR GDP Estimate (Jun) | 0.2% | 0.2% | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Jun) | 2.1% | 2.0% | ||
| Jul 8 | 01:30 | AU | National Australia Bank's Business Conditions (Jun) | -4 | ||
| 08:30 | UK | DCLG House Price Index (YoY) (Jun) | 4.9% | |||