Wednesday, Jul 23, 16:10 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
- Indicator Charts - NEW SECTION!: 70 technical indicators with fully customizeable settings
- Real−Time Economic Calendar: Be notified straight into your RSS reader when a new event is released
- When Big Banks will announce next rates decisions? Check it in the World Interest Rates table
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
FX Path: Support and Resistance − Which Method is Best? by James Chen
Whether you are a technical trader, a fundamental trader, or something in−between, chances are that you follow support/resistance principles at least to some degree in your Forex trading.
More Blogs
- The disciplined trader: Trading Involves Two People: You and You by Pierre Charlebois
- The Advisor Weblog: How to determinate supports and resistances by Valeria Bednarik
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jul 23, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Thu, Jul 24, 10:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 23, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jul 24, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Thu, Jul 24, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Thu, Jul 24, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Thu, Jul 24, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Sterling Boosted by Besley's Vote for Hike by ActionForex.com
EUR/USD's fall from 1.6038 extends further to as low as 1.5777 today and at this point, intraday bias remains on the downside as long as 1.5797 minor resistance holds. As discussed before, further decline could now be seen to 100% projection of 1.6038 to 1.5783 from 1.5944 at 1.5689. Nevertheless, rise from 1.5302 is still expected to resume as long as downside is contained above 1.5611 support. Above 1.5797 minor resistance will turn intraday outlook neutral first. Further break of 1.5944 resistance will bring retest of 1.6038 high first.
- EUR/USD opens channel trade by Rob Booker, currency trader
- Support and Resistance Trading DVD by Rob Booker. Discover his powerful trading strategies and techniques!
- 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
Currency Majors Technical Analysis by Mataf.net
Currency Technical Report − Currency Technical Report by FXGreece
Banks' Analysis
Technical Analysis: Currencies − CAD/JPY by Mizuho Corporate Bank
FX Analysts' Blogs
GBP/JPY Wednesday Morning (NY) Update by James Chen, Chief Technical Analyst, at FX Solutions
Forex Signals
Trade Signals − Matsys D Trade Signals by Fxwintrades
Currencies at a Glance
- EUR/USD
- Continues to move down below first support level 1.5713
07/23/2008 15:32 GMT - GBP/USD
- Trades around pivot level 1.9962
07/23/2008 15:32 GMT - USD/CHF
- Continues to move up above first resistant level 1.0383
07/23/2008 15:32 GMT - USD/JPY
- Continues to trade around first resistant level 107.83
07/23/2008 15:32 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
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 23 | 11:00 | Consumer Price Index (YoY) | 3.1% | 2.9% | 2.2% |
| Jul 23 | 11:00 | Bank of Canada Consumer Price Index Core (YoY) | 1.5% | 1.6% | 1.5% |
| Jul 23 | 11:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.1% | 0.1% | 0.3% |
| Jul 23 | 11:00 | Consumer Price Index (MoM) | 0.7% | 0.5% | 1.0% |
Canada CPI grows above expectations on Gasoline prices in June (FXstreet.com)
Consumer prices have posted in June the largest increase in almost three years, driven by gasoline prices, according to data released by Canada Statistics. Inflation has risen at 3.1% year on year pace in June, the largest increase since September 2005, following a 2.2% year on year increase posted in May.
[ Full Story ]- Consumer Price Index at Statistics Canada
- Canada Morning: C$ Up, But Off, After High All−Items CPI (Dow Jones)
- Canada Consumer Price Index rises 0.7% in Jun; Core CPI 0.1% up (FXstreet.com)
- Canada Jun Consumer Price Index increase 3.1% YoY; Core CPI 1.5% up (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 23 | 11:00 | CA | Consumer Price Index (MoM) (Jun) | 0.7% | 0.5% | 1.0% |
| 14:35 | US | EIA Crude Oil Stocks change (Jul 19) | -1.6M | 3.0M | ||
| 18:00 | US | Fed's Beige Book | ||||
| 21:00 | NZ | RBNZ Interest Rate Decision | 8.25% | 8.25% | ||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Jun) | ¥270.0 | ¥642.3B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Jun) | ¥506.0B | ¥365.6B | ||
| Jul 24 | 07:30 | DE | PMI Manufacturing (Jul)  | 52.0 | 52.6 | |