Tuesday, Jul 22, 16:03 GMT
ASIA-PACIFIC Trading Newsletter
Featured
Featured Forex DVDs
FXstreet.com DVD Series − Support and Resistance Trading by Rob Booker and Dave Murphy
In this 2−DVD set, Rob Booker and Dave Murphy guide you through the powerful and easy−to−use trading techniques that have made their FXstreet.com blog one of the most popular forex blogs on the web. Step−by−step, you will learn to set up trades on any currency pair, on any time frame chart. All the trading setups that you will learn come with examples, and full descriptions of why the setups work.
To Get Started
- FXstreet.com International Traders Conference: Early Bird Discount extended until July 31st! Register before it's too late.
- Webinar Videos: Institutional Trading Strategies: The ABCs of Fibonacci by Andrei Pehar
- Analyst Comments: The best comments from the pros selected by our editors
- Live Charts Window: 100 charts in real time, 8 different time frames and technical indicators by ProReal Time
- Forex Basics: Trading reports for beginners
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Forex Blogs
Trader's Edge: EUR/USD Short Term Analysis by Ross Yamashita
Initial analysis shows a Double 3 (D3) wave (keep in mind, as the market unfolds, wave formations may change). A D3 is a 3−3−3 wave. So, 3 waves up to complete Wave 1, 3 waves to complete Wave 2, and now we're forming 3 waves up to Wave 3.
More Blogs
- 1st on Forex: Dollar Giving Up Ground by Jerry Furst
- The Disciplined Trader: Face it, we make more mistakes under pressure! by Pierre Charlebois
- Forexology: Following up with "A long term harmonic pattern" by Sunil Mangwani
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jul 23, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jul 23, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 22, 16:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders  | Markus Heitkoetter | WBN |  |
| Tue, Jul 22, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Wed, Jul 23, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jul 23, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jul 23, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
Currency Majors Technical Analysis − 1,5882. EUR USD is in a range between 1,5800 and 1,5950 by Mataf.net
1,5882. EUR USD is in a range between 1,5800 and 1,5950. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,5800 / 1,5950 range. We won't take a position.
Resistances 1,5910 − 1,5950
Supports 1,5870 − 1,5800
Other Topics for this Session:
Mid−Day Forex Technical Report − Dollar Lifted by Hawkish Plosser, Rebound to Resume? by ActionForex.com
Market Session Recaps − London Session by FOREX.com
Daily Technical Strategist − EURUSD: Rising Channel Keeps EUR's Short Term Trend To The Upside by FXTechstrategy
Currency Performance Report
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Blogs
GBP/CHF Alert by James Chen, Chief Technical Analyst, at FX Solutions
Currencies at a Glance
- EUR/USD
- Drops towards second support level 1.5791
07/22/2008 15:23 GMT - GBP/USD
- Drops below first support level 1.9946
07/22/2008 15:23 GMT - USD/CHF
- Moves up above second resistant level 1.0267
07/22/2008 15:24 GMT - USD/JPY
- Moves up above first resistant level 106.93
07/22/2008 15:25 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 BEIGE BOOK
| Date (GMT) | Event | Cons. | Previous | |
| Jul 23 | 18:00 | Fed's Beige Book | - | - |
Friday Notes - Stagflation fears take center stage again! by HVB Group
The twelve district Fed banks collect comments from business contacts. Lately, they have depicted a sputtering economy but with some countervailing strengths, notably in the export sector. That portrait of weakness that falls short of an outright recession probably was reinforced by June−July responses.
[ Full Story ]Top Market Movers Review
US HOUSING PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 22 | 14:46 | Housing Price Index (YoY) | -4.8% | - | -4.6% |
| Jul 22 | 14:46 | Housing Price Index (MoM) | -0.3 | -0.5 | -0.8 |
US Housing prices decline 0.3% in May (FXstreet.com)
Home prices have declined 0.3% from April to May in the United States, in a seasonally adjusted basis, according to the latest survey published by the Office of Federal Housing Enterprise Oversight.
[ Full Story ]- House Price Index at OFHEO
- U.S. OFHEO house price index down 0.3% from April to May (Thomson Financial News)
- OFHEO: US Home Prices Fall 0.3% From April To May (Dow Jones)
- US Housing Price Index declines 0.3% in May; 4.8% down year on year (FXstreet.com)
US economic indicators - We therefore expect that new home sales fell to about 498k by BHF−Bank
US RICHMOND FED MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 22 | 14:00 | Richmond Fed Manufacturing Index | -16 | -8 | -12 |
US July Richmond Fed manufacturing index drops lower against expectations (FXstreet.com)
Manufacturing activity in the Fed Richmond area has contracted in June for the third consecutive month, weighed by declines in shipments and new orders, according to the latest manufacturing survey by the Richmond Federal Reserve.
[ Full Story ]- Manufacturing Conditions Survey at The Federal Reserve Bank of Richmond
- Richmond Fed: Jul Manufacturing Index −16 Vs Jun −12 (Dow Jones)
- US Jul Richmond Fed Manufacturing Index decreases to −16 vs −12 in Jun (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 22 | 14:46 | US | Housing Price Index (MoM) (May) | -0.3 | -0.5 | -0.8 |
| 14:46 | US | Housing Price Index (YoY) (May) | -4.8% | -4.6% | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jul 20) | -42 | -41 | ||
| 22:45 | NZ | Building Permits (MoM) (Jun) | -42.3% | |||
| Jul 23 | 01:30 | AU | Consumer Price Index (QoQ) (2Q) | 1.3% | 1.3% | |
| 01:30 | AU | Consumer Price Index (YoY) (2Q) | 4.3% | 4.2% | ||
| 08:30 | UK | Bank of England Minutes | ||||