Tuesday, Jul 08, 16:14 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jul 9, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jul 9, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 8, 16:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN |  |
| Tue, Jul 8, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Jul 9, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jul 9, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jul 9, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
Technical Trading Tips and Techniques − UR/USD Tuesday Morning (NY) Update by James Chen, Chief Technical Analyst, at FX Solutions
After the premature/false breakdown yesterday of the short−term uptrend support line, price on the EUR/USD daily chart, as shown, has made yet another tentative breakdown today. Whether this turns out to be a true break remains to be seen within the next couple of days. In the event of continued downward momentum, as might be expected, the next support to the downside resides around the 1.5580 region, a significant previous support/resistance level.
- 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 Recovers on Bernanke But Lacks Clear Direction by ActionForex.com
Market Session Recaps − London Session by FOREX.com
Currency Technical Report − Technical Market View by FXGreece
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
Holding and building shorts are seen in EURO and GBP by Dr. S. Sivaraman, of i−knowindices.com
Harmonics within harmonics by Sunil Mangwani, CEO at FibForex123
Currencies at a Glance
- EUR/USD
- Moves down towards first support level 1.5641
07/08/2008 15:25 GMT - GBP/USD
- Moves down towards first support level 1.9663
07/08/2008 15:27 GMT - USD/CHF
- Moves up towards first resistant level 1.0331
07/08/2008 15:28 GMT - USD/JPY
- Continues to move up above pivot level 107.19
07/08/2008 15:28 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
Germany TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 9 | 06:00 | Trade Balance | 18.0B | 18.7B |
EMU economic indicators - The German trade balance might have decreased in May by BHF−Bank
The German trade balance might have decreased in May too, after having gone up unexpectedly the previous month. Similarly, the German current account is likely to have deteriorated too.
[ Full Story ]Top Market Movers Review
US PENDING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 8 | 14:00 | Pending Home Sales (MoM) | -4.7% | -2.5% | 6.3% |
US pending home sales decline lower than expected in May (FXstreet.com)
Pending home sales have posted a larger than expected decline in June, reversing gains recorded in the previous month, which points up to slight movement in the housing market in the second half of the year.
[ Full Story ]- Pending Home Sales Index at NAR
- US: Pending Home Sales decline 4.7% in May (FXstreet.com)
- US Pending Home Sales Drop 4.7% In May; Down 14% On Yr (Dow Jones)
- HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
Daily Market Report - On the data front, pending home sales date will be released at 10:00AM EDT by Wachovia
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 8 | 14:00 | Wholesale Inventories | 0.8% | 0.7% | 1.3% |
DATA SNAP: US Wholesale Inventories Up, While Sales Jump (Dow Jones)
The inventories of U.S. wholesalers continued higher in May, though sales of goods posted even stronger gains on the back of rising petroleum sales.
[ Full Story ]- Latest Monthly Wholesale Trade Report at US Census Bureau
- US May wholesale sales up 1.6%, inventories up 0.8% (Thomson Financial News)
- US Wholesale Inventories dincrease 0.8% in May (FXstreet.com)
- HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 8 | 14:00 | US | Pending Home Sales (MoM) (May) | -4.7% | -2.5% | 6.3% |
| 14:00 | US | Wholesale Inventories (May) | 0.8% | 0.7% | 1.3% | |
| 19:00 | US | Consumer Credit (May) | $7.0B | $8.9B | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jul 6) | -43 | |||
| 23:01 | UK | Nationwide Consumer Confidence (Jun) | 65 | 69 | ||
| 23:50 | JP | Core Machinery Orders (MoM) (May) | 1.5% | 5.5% | ||
| Jul 9 | 00:30 | AU | Westpac Consumer Confidence (Jul) | -5.6% | ||