Friday, Jul 11, 16:11 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Jul 14, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
How To Backtest a Trading System
Expert: Valeria Bednarik
Start: Mon, Jul 14, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 14, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Jul 14, 12:00 GMT | How To Backtest a Trading System | Valeria Bednarik | WBN |  |
| Mon, Jul 14, 13:00 GMT | Trading with multiple technical indicators  | Adam Rosen | WBN | |
| Mon, Jul 14, 14:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Mon, Jul 14, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Dollar Plunges as Oil Hits New Record High by ActionForex.com
EUR/USD's rally extends further as expected and reaches as high as 1.5868 so far. With correction from 1.5908 completed at 1.5611, rise from there is expected to continue further to retest 1.5908 high first. Break will confirm that rally from 1.5302 has resumed for retesting 1.6019 record high. On the downside, though, below 1.5763 will turn intraday outlook neutral first. But another rally is sitll expected as long as downside is contained by 1.5611 support.
- 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
Currency Snapshot − Earth to Japanese yen: Come in Japanese yen … by Black Swan Capital
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
EUR/USD Friday Morning (NY) 2nd Update by James Chen, Chief Technical Analyst, at FX Solutions
aggressive stop hunts... by Dr. S. Sivaraman, of i−knowindices.com
Forex Signals
Daily Scalping Tip − Daily Scalping Tip by PipsandTips.com
Currencies at a Glance
- EUR/USD
- Continues to move up above third resistant level 1.5940
07/11/2008 15:31 GMT - GBP/USD
- Continues to move up above second resistant level 1.9903
07/11/2008 15:31 GMT - USD/CHF
- Continues to move down below third support level 1.0157
07/11/2008 15:31 GMT - USD/JPY
- Continues to move down below third support level 105.96
07/11/2008 15:31 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 INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jul 14 | 09:00 | Industrial Production w.d.a. (YoY) | - | 3.9% |
| Jul 14 | 09:00 | Industrial Production s.a. (MoM) | - | 0.9% |
Friday Notes - Widening EMU output gap to keep core inflation in check by HVB Group
We expect a sizeable drop in May industrial output. Part of the weakness will be technical – driven by an adverse calendar effect – but it's clear that some of the deterioration reflects a genuine loss of momentum, as suggested by the sharp decline in manufacturing surveys.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 11 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 56.6 | 55.8 | 56.4 |
Reuters/Univ Michigan Mid−Jul Sentiment 56.6; Jun 56.4 (Dow Jones)
Consumer confidence levels rose marginally as of the middle of July, yet were still left hovering around a nearly 28−year low, according to a report Friday.
[ Full Story ]- Read the Consumer Sentiment Index data at Reuters
- US early July Reuters/Michigan sentiment rises to 56.6 vs 56.0 expected (Thomson Financial News)
- US Univ. Michigan Consumer sentiment index increases in June against expectations (FXstreet.com)
- US Reuters/Michigan Consumer Sentiment Index up to 56.6 in Jul from 56.4 in Jun (FXstreet.com)
US economic indicators - UMI consumer sentiment could remain at a long−term low in July by BHF−Bank
US IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 11 | 12:30 | Import Price Index (YoY) | 20.5% | - | 17.8% |
| Jul 11 | 12:30 | Import Price Index (MoM) | 2.6% | 1.9% | 2.3% |
Record Rise In US Import Prices Signals Inflation Risk (Dow Jones)
U.S. import prices soared for a fourth−straight month in June, a government report showed, suggesting rising energy and food prices and the weak dollar remain a significant upside risk to inflation.
[ Full Story ]- Read the Import Prices data at Labor Department
- US June import prices up 2.6%, up 20.5% over past year (Thomson Financial News)
- US Import Price Index increases 2.6% in Jun; 20.5% up on year (FXstreet.com)
- US Import Prices: Table Of Data For June (Dow Jones)
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 11 | 12:30 | Trade Balance | -$59.79B | -$62.20B | -$60.50B |
DATA SNAP: US May Trade Gap Unexpectedly Shrinks (Dow Jones)
The U.S. trade deficit unexpectedly narrowed during May despite sharply climbing oil prices, as the amount of crude purchased by volume declined and the nation's overall exports increased.
[ Full Story ]- Read the Trade Balance data at Commerce Department
- Table of US Trade Data −4: Petroleum, Products Imports (Dow Jones)
- Table of US Trade Data −3: Balances By Region (Dow Jones)
- Table of US Trade Data −2: Imports, Exports (Dow Jones)
Daily Market Report - Key data out today is US trade balance by Wachovia
US economic indicators - The trade deficit is likely to have risen noticeably again due to the surge in import prices by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 11 | 12:30 | CA | New Housing Price Index (YoY) (May) | 4.1% | 5.2% |
|
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Jul)  | 56.6 | 55.8 | 56.4 | |
| 18:00 | US | Monthly Budget Statement (Jun) | -165.9B | |||
| Jul 13 | 22:45 | NZ | Retail Sales (MoM) (May) | 1% | ||
| 22:45 | NZ | Retail Sales ex Autos (MoM) (May) | -0.5% | |||
| Jul 14 | 09:00 | EMU | Industrial Production s.a. (MoM) (May) | 0.9% | ||
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (May) | 3.9% | |||