Friday, Jul 25, 16:07 GMT
ASIA-PACIFIC Trading Newsletter
Featured
3 reasons to register now for the ITC 2008:
Last days to enjoy the Early Bird Discount to attend the ITC 2008. Register before July, 31st and save money.
2. Improve your trading skills! 8 key Speakers will help you.
You will have the opportunity to interact and learn directly from: Rob Booker, Lars Christensen, Dirk D. du Toit, Derek Frey, Sunil Mangwani, Phil Newton, Jamie Saettele and Sam Seiden.
3. Live an unforgettable human experience!
Rob Booker was already there in 2007. Watch the video and see why he is coming back this year with an educative and helpful topic: Developing the Trader's Mind: Strategies for Long Term Success (Trading Psychology).
To Get Started
- Webinar Videos: Trading the Summer Months by Adam Rosen
- FXstreet.com DVD Series − Support and Resistance Trading by Rob Booker and Dave Murphy
- Further economic slowdown in Europe by FXstreet.com
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
Market Psychology posts
The Disciplined Trader: Money: What is your relationship with it? by Pierre Charlebois
Here are a few questions we should all ask ourselves from time to time to be sure we are challenging potential negative belief that may be keeping us from accumulating wealth and/or security.
- Daily Radio Show − What the Fed?! And Pierre Charlebois by Rob Booker
FX Path: Paralysis by Analysis by James Chen
The Trader's Edge: The Basics by Ross Yamashita
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Jul 28, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jul 28, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 28, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Jul 28, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jul 28, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jul 28, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jul 28, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: U.S.
GBP/JPY
Mid−Day Forex Technical Report − Yen Sold off again after US Durables by ActionForex.com
GBP/JPY's retreat from 215.87, though steep, was contained by mentioned 211.53 support as expected and rebounds strongly in early US session. Break of 213.46 minor support indicates that fall from 215.87 has completed and flip intraday back to the upside. Further rise is now expected to be seen to 100% projection of 192.60 to 208.99 from 199.78 at 216.17 first. On the downside, while the consolidation from 215.87 might extend further, downside is still expected to be contained by 211.53 support and bring rally resumption.
- GBP/USD Thursday Evening (NY) Video Update by James Chen, Chief Technical Analyst, at FX Solutions
- 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
Foreing Exchange − Euro: The break below 1.5824 opens for a test of the uptrend line going back to the Feb lows, coming in at 1.5590 today by Avantage Financial GMBH
Currency Majors Technical Analysis by Mataf.net
Currency Performance Report
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Blogs
GBP/USD Friday Morning (NY) Update by James Chen, Chief Technical Analyst, at FX Solutions
Currencies at a Glance
- EUR/USD
- Continues to move up towards second resistant level 1.5757
07/25/2008 14:07 GMT - GBP/USD
- Moves up above first resistant level 1.9968
07/25/2008 14:07 GMT - USD/CHF
- Trades around second support level 1.0323
07/25/2008 14:07 GMT - USD/JPY
- Moves up back around opening price level 107.34 , below pivot level 107.50
07/25/2008 14:07 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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 29 | 00:00 | Consumer Price Index (YoY) | - | 3.3% |
Friday Notes - We expect the inflation rate to moderate appreciably by HVB Group
The recent correction in the oil price will probably have already prevented a further strong rise in energy prices in the July survey. After the very strong rise in consumer prices in the same month of the previous year, we expect the inflation rate to moderate appreciably. The core rate (ex energy and food) should also dip clearly below the 2% mark.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 25 | 14:00 | New Home Sales | 530K | 503K | 533K |
| Jul 25 | 14:00 | New Home Sales (MoM) | -0.6% | -1.8% | -2.5% |
New home sales, better than expected in June (FXstreet.com)
Sales of new homes have declined in June, but the annual pace of sales has been well better than expected as sales for the previous month posted a considerable upward revision, according to data released by the US Commerce Department.
[ Full Story ]- New residential sales in June 2008 at US Census Bureau
- UPDATE: Dollar Extends Gains Vs Yen, Euro After US Data (Dow Jones)
- US June new home sales down to a 530,000 unit annual rate vs. 505,000 expected (Thomson Financial News)
- Dollar Extends Gains Vs Yen, Euro After US Data (Dow Jones)
US economic indicators - New home sales probably continued their downward trend by BHF−Bank
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 25 | 12:30 | Durable Goods Orders | 0.8% | -0.3% | 0.1% |
| Jul 25 | 12:30 | Durable Goods Orders ex Transportation | 2.0% | -0.2% | -0.9% |
US durable goods orders increase unexpectedly in June (FXstreet.com)
Orders for expensive goods have increased, against expectations, in the United States in June, posting the second consecutive rise, as orders for may have been revised up, according to data released by the US Commerce Department.
[ Full Story ]- Read the official data at US Census Bureau
- Forex − Dollar gains on strong consumer confidence, durable goods figures (Thomson Financial News)
- UPDATE: Dlr Boosted Vs Yen On US Durable Goods, Down Vs Euro (Dow Jones)
- U.S. June durable goods orders up 0.8 pct vs 0.4 pct fall expected (Thomson Financial News)
Mid−Day Forex Technical Report − Yen Sold off again after US Durables by ActionForex.com
Daily Market Report - U.S. Durable Goods Orders are expected at 8:30 AM EST by Wachovia
Forex Analysis on Majors - Looking for Durable Goods Orders by Forex Ltd
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 25 | 14:00 | US | New Home Sales (Jun) | 530K | 503K | 533K |
| 14:00 | US | New Home Sales (MoM) (Jun) | -0.6% | -1.8% | -2.5% | |
| Jul 27 | 22:45 | NZ | Trade Balance (Jun) | -196M | ||
| Jul 28 | 00:00 | AU | Conference Board Australia Leading Index (May) | 0.3% | ||
| 06:10 | DE | Gfk Consumer Confidence Survey (Aug) | 3.9 | |||
| 22:45 | NZ | Building Permits (MoM) (Jun) | -42.3% | |||
| 23:30 | JP | Jobless Rate (Jun) | 4% | |||