Monday, Jul 28, 15:52 GMT
ASIA-PACIFIC Trading Newsletter
Featured
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To Get Started
- Webinar Videos: Diversification in the Forex by John Jagerson
- FXstreet.com DVD Series − Support and Resistance Trading by Rob Booker and Dave Murphy
- Forex Basics: Trading reports for beginners
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Forex Blogs
Previewing the current week posts
1st on Forex: Week Ahead for July 28 − August 1 Calendar by Jerry Furst
Consolidated Summary of Scheduled News Events that I am watching for the "Week Ahead".
Read Jerry's US News Watch for − July 28 − August 1.
- The Week Ahead report: Further economic slowdown in Europe by FXstreet.com
FxBootcamp: Weekly Pivot Points by Wayne McDonell
Market Readings: Last week of the month moves by Dr. S. Sivaraman
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jul 29, 08:00 GMT
Type of Session: Webinar
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Jul 29, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 29, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Jul 29, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jul 29, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Tue, Jul 29, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN | |
| Tue, Jul 29, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
GBP/USD
Market Session Recaps − London Session by FOREX.com
Sterling (GBP/USD) lost some ground against the buck as a report by the Land Registry showed home prices fell −1% in June, the biggest monthly drop on record (survey started in 2000). This pushed Sterling from an open near 1.9895 to a session low near 1.9840. The pair would close around the 1.9880 mark.
- EURO and GBP expected to make a quick rise and drop... Dr. S. Sivaraman, of i−knowindices.com
- Support and Resistance Trading DVD by Andrei Pehar, Sr. Currency Strategist fxKnight.com
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Mid−Day Forex Technical Report − Euro Strengthens against Dollar, Correction Completed? by ActionForex.com
Pairs to Range Trade − Bare UK Calendar Opens GBPAUD for a Range Trade by FXCM
Banks' Analysis
Technical Analysis: Currencies − NOK/SEK by Mizuho Corporate Bank
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Blogs
USD/CHF Monday Morning (NY) Update by James Chen, Chief Technical Analyst, at FX Solutions
Currencies at a Glance
- EUR/USD
- Trades around first resistant level 1.5746
07/28/2008 15:37 GMT - GBP/USD
- Moves up above pivot level 1.9902
07/28/2008 15:37 GMT - USD/CHF
- Trades slightly above first support level 1.0320
07/28/2008 15:37 GMT - USD/JPY
- Moves dow below pivot level 107.47
07/28/2008 15:37 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) | 3.2% | 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
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 28 | 06:10 | Gfk Consumer Confidence Survey | 2.1 | - | 3.6 |
German August GfK consumer confidence weakens further than expected (FXstreet.com)
Consumer confidence for August has worsened considerably in Germany, with economic expectations, current situation and buying propensity among German citizens posting weaker levels than on the previous month's survey, according to the GfK forward looking indicator.
[ Full Story ]- GfK Group
- Forex − Euro hit by slump in German consumer confidence; yen under pressure (Thomson Financial News)
- 2nd UPDATE: German Consumer Confidence Hits 5−Year Low (Dow Jones)
- Germany's GfK sees Aug consumer climate index at 2.1 points, a 5−year low UPDATE (Thomson Financial News)
European Market Update - German Consumer Confidence Slides; Market Gears up for Second Week of Big Earnings by TradeTheNews.com
Daily Analysis - Dollar trades on a high after bad German news by Finotec Group Inc.
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 27 | 22:45 | NZ | Trade Balance (Jun) | -223M | -196M | |
| Jul 28 | 06:10 | DE | Gfk Consumer Confidence Survey (Aug) | 2.1 | 3.6 |
|
| 22:45 | NZ | Building Permits (MoM) (Jun) | -20.0% | -42.3% | ||
| 23:30 | JP | Jobless Rate (Jun) | 4% | 4% | ||
| 23:30 | JP | Overall Household Spending (YoY) (Jun) | -2.8% | -3.2% | ||
| 23:50 | JP | Large Retailer's Sales (Jun) | -3.4% | -2.1% | ||
| 23:50 | JP | Retail Trade (YoY) (Jun) | -0.6% | 0.2% | ||