Monday, Jul 14, 16:07 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- The Trader's Edge: Elliott Wave Basics Applied by Ross Yamashita
- Special Coverage − Fannie Mae and Freddie Mac situation by FXstreet.com
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jul 15, 08:00 GMT
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jul 16, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 14, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Jul 15, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Jul 15, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN | |
| Tue, Jul 15, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Jul 15, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: U.S.
USD/CAD
Mid−Day Forex Technical Report − Dollar Recovery Short Lived by ActionForex.com
USD/CAD dives further to as low as 1.0042 today as correction from 1.0322 resumes. Further decline is now in favor to 61.8% retracement of 0.9818 to 1.0322 at 1.0011 or lower. But still, downside is still expected to be contained well above 0.9957 resistance turned support and bring resumption of rise from 0.9818. ABove 1.0139 will turn intraday outlook neutral first. On the upside, note that a break above 1.0238 is needed to indicate correction from 1.0322 has completed and turn bias back to the upside for retesting 1.0322 first. Otherwise, more choppy trading could be seen with risk of spiraling lower.
- The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Using fibonacci retracements to identify support and resistance by John Jagerson, Founder Profiting With Forex
- 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 by FXDream
Banks' Analysis
IMM positioning − Only small changes to speculative positions by Danske Bank A/S
Technical Analysis: Currencies − AUD by Mizuho Corporate Bank
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
EUR/USD Monday Morning (NY) Update by James Chen, Chief Technical Analyst, at FX Solutions
Support and Resistance Video/Webinar is now online by Rob Booker, Currency Trader
Currencies at a Glance
- EUR/USD
- Moves up back above pivot level 1.5879
07/14/2008 15:58 GMT - GBP/USD
- Moves up above opening price level 1.9911 , above pivot level 1.9860
07/14/2008 15:58 GMT - USD/CHF
- Moves down back below pivot level 1.0200
07/14/2008 15:58 GMT - USD/JPY
- Moves down back below pivot level 106.43
07/14/2008 15:58 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
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 15 | 08:30 | Consumer Price Index (MoM) | 0.4% | 0.6% |
| Jul 15 | 08:30 | Consumer Price Index (YoY) | 3.6% | 3.3% |
| Jul 15 | 08:30 | Core Consumer Price Index (YoY) | 1.5% | 1.5% |
Currency and Stock Markets Weekly Outlook - inflation data in the spotlight by X−Trade Brokers, XTB
On Tuesday a bunch of important reports will be published. The GBP will certainly react to the CPI publication. This report will show how the British economy is doing (recently not so well) and maybe give another problem to the British Monetary Policy Council.
[ Full Story ]- BoE's King reiterates CPI inflation will return to target UPDATE (Thomson Financial News)
US economic indicators - PPI and CPI surge on energy in June, core rates remain moderate by BHF−Bank
Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 14 | 09:00 | Industrial Production w.d.a. (YoY) | -0.6% | 0.3% | 4.0% |
| Jul 14 | 09:00 | Industrial Production s.a. (MoM) | -1.9% | -2.3% | 1.0% |
DATA SNAP: Euro−Zone Industrial Production Plummeted In May (Dow Jones)
Industrial production in the 15 countries that use the euro plummeted in May, recording the largest monthly decline since the end of 1992. According to figures released Monday by the European Union's statistics agency Eurostat, industrial production fell 1.9% from April, and 0.6% from May 2007.
[ Full Story ]- Read the Industrial Production data at Eurostat
- UPDATE: Euro−Zone Industrial Production Plummeted In May (Dow Jones)
- Euro Zone's industrial production plunges in May (FXstreet.com)
- Euro zone May industrial output down 1.9 pct vs Apr, down 0.6 pct year−on−year (Thomson Financial News)
Friday Notes - Widening EMU output gap to keep core inflation in check by HVB Group
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 14 | 08:30 | Producer Price Index − Output (YoY) n.s.a | 10.0% | 9.9% | 8.9% |
| Jul 14 | 08:30 | Producer Price Index − Output (MoM) n.s.a | 0.9% | 1.2% | 1.6% |
| Jul 14 | 08:30 | Producer Price Index − Input (MoM) s.a | 2.1% | 2.6% | 3.8% |
| Jul 14 | 08:30 | Producer Price Index − Input (YoY) n.s.a | 30.0% | 29.0% | 27.9% |
UK June annual input, output price growth highest in over 20 years (Thomson Financial News)
Manufacturers' raw materials costs continued to spiral in June, encouraging firms to pass these into their prices, as both input and output prices rose at their highest annual rate in over 20 years, official figures showed.
[ Full Story ]- Read the PPI data at National Statistics
- GBP/USD: negative UK data weighed on the Pound (FXstreet.com)
- UK Producer Prices, input and output, posted highest ever jump in June (FXstreet.com)
- United Kingdom Producer Price Index − Input increase 2.1% in Jun; 30% up in the last 12 months (FXstreet.com)
US economic indicators - PPI and CPI surge on energy in June, core rates remain moderate by BHF−Bank
European Market Update - UK PPI Continues its Ascent by TradeTheNews.com
Forex Analysis on Majors - gbp/usd has weakened after PPI input and output publication by Forex Ltd
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 14 | 09:00 | EMU | Industrial Production s.a. (MoM) (May) | -1.9% | -2.3% | 1.0% |
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (May) | -0.6% | 0.3% | 4.0% |
|
| 22:45 | NZ | Consumer Price Index (QoQ) (2Q) | 1.4% | 0.7% | ||
| 22:45 | NZ | Food Price Index (MoM) (Jun) | 0.3% | 1.0% | ||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Jun) | 1.1% | 1.9% | ||
| 23:01 | UK | RICS House Price Balance (Jun) | -94.0% | -92.9% | ||
| Jul 15 | 01:30 | AU | RBA Meeting's Minutes | |||