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ASIA-PACIFIC Trading Newsletter
The Forex Game: Training Week
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Live Sessions Schedule
Live Look at Today's Markets − Free Access Day
Expert: Derek Frey
Start: Thu, Jul 10, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jul 11, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 10, 15:00 GMT | How to Get Started Trading Forex − Free Access Day | Mark Whistler | WBN |  |
| Thu, Jul 10, 16:00 GMT | Short term Forex Trading Strategies, Breakouts and Reversals − Free Access Day | Sam Seiden | WBN | |
| Thu, Jul 10, 17:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
| Fri, Jul 11, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Jul 11, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
Dollar At One−Week Low Vs Euro, Reverses Overnight Gains by Dow Jones
NEW YORK (Dow Jones)−The dollar fell to a one−week low versus the euro and dropped against the yen as well during Thursday morning trading in New York, reversing overnight gains as U.S. stocks decline.
Thursday morning in New York, the euro was at $1.5785 from $1.5738 late Wednesday. The dollar was at Y106.82 from Y106.82, while the euro was at Y168.60 from Y168.10, according to EBS. The U.K. pound was at $1.9778 from $1.9805, and the dollar was at CHF1.0264 from CHF1.0289 late Wednesday
- 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 Breaks Out by ActionForex.com
Chart of the Day − EUR/JPY by FX Solutions
Market Session Recaps − London Session by FOREX.com
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
Ranges and rebounds by Valeria Bednarik, Analyst at MolFX − Management
GBP/USD Thursday Morning (NY) Update by James Chen, Chief Technical Analyst, at FX Solutions
Currencies at a Glance
- EUR/USD
- Moves up around first resistant level 1.5780
07/10/2008 15:51 GMT - GBP/USD
- Moves up around pivot level 1.9780
07/10/2008 15:51 GMT - USD/CHF
- Drops below first support level 1.0255
07/10/2008 15:51 GMT - USD/JPY
- Moves down below pivot level 107.03
07/10/2008 15:51 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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 11 | 12:30 | Trade Balance | -$62.2B | -$60.9B |
US economic indicators - The trade deficit is likely to have risen noticeably again due to the surge in import prices by BHF−Bank
The trade deficit increased by more than $4bn to $60.9bn in April, although exports rose sharply by 3.3% mom. But due to the surge in import prices, nominal imports went up even more sharply, by 4.5% mom.
[ Full Story ]Top Market Movers Review
US BERNANKE, PAULSON TESTIFY BEFORE HOUSE COMMITTEE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 10 | 14:00 | Bernanke, Paulson testify before House Committee | - | - | - |
Fed's Bernanke asks Congress to consider more regulatory authority over markets (Thomson Financial News)
Federal Reserve Board Chairman Ben Bernanke Thursday asked Congress to consider legislation that would give federal regulators the authority to oversee bank holding companies, payment and settlement systems.
[ Full Story ]- Read Bernanke's testimony at Federal Reserve
- EUR/USD: The Euro rallied on Bernanke's testimony (FXstreet.com)
- Dollar Up Vs Rivals As Traders Position Ahead Key Testimony (Dow Jones)
Daily Forex Technical Report − BoE & Bernanke Awaited by ActionForex.com
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 10 | 12:30 | Continuing Jobless Claims | 3202K | 3145K | 3111K |
| Jul 10 | 12:30 | Initial Jobless Claims | 346K | 397K | 404K |
US Jobless Claims −58K At 346K In Jul 5 Week; Survey +6K (Dow Jones)
The number of U.S. workers filing new claims for unemployment benefits posted its biggest drop in almost three years last week. But a Labor Department analyst cautioned against interpreting the decline as a sign of better days ahead in the economy.
[ Full Story ]- Read the Jobless claims data at Labor Department
- US weekly jobless claims fall 58,000 to 346,000 UPDATE (Thomson Financial News)
- US weekly jobless claims fall 58,000 to 346,000; cont. claims at over 4 yr high (Thomson Financial News)
- US initial jobless claims post a sharper than expected decline in Jul 5 week (FXstreet.com)
US economic indicators - We expect jobless claims to have at least remained on that elevated level in the week ending 5 July by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 10 | 12:30 | US | Initial Jobless Claims (Jul 5) | 346K | 397K | 404K |
| 14:00 | US | Bernanke, Paulson testify before House Committee | ||||
| 17:45 | EMU | ECB Trichet's Speech | ||||
| Jul 11 | 04:30 | JP | Capacity Utilization (May) | 105.9 | ||
| 04:30 | JP | Industrial Production (MoM) (May) | -0.2% | |||
| 04:30 | JP | Industrial Production (YoY) (May) | 1.9% | |||
| 05:00 | JP | Consumer Confidence (Jun) | 33.9 | |||