Tuesday, Jul 29, 16:05 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: Diversification in the Forex by John Jagerson
- Live Charts Window: 100 charts in real time
- FXstreet.com DVD Series − Support and Resistance Trading by Rob Booker and Dave Murphy
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
The Disciplined Trader: What Global Connectivity is Doing To All financial Markets by Pierre Charlebois
The overall group psychology of global traders is likely going to cause quite a shift in many if not all sectors and indexes in the next few weeks.
- London Remains Forex Capital Latest Surveys Show by Dow Jones
FX Path: Technical and Fundamental Forex Trading by James Chen
Forexology: Recap and follow up by Sunil Mangwani
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jul 30, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jul 30, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 29, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Jul 30, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jul 30, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jul 30, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Wed, Jul 30, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Dollar Rebounds Further after House Price Report by ActionForex.com
EUR/USD's recovery from 1.5628 was limited by 4 hours 55 EMA and dives in early US session. Intraday outlook is turned neutral for the moment and more downside could now be seen to retest 1.5611 support. Note that firstly a break below 1.5611 support will indicate that rise from 1.5302 has completed. Secondly, this will leave the fall from 1.6038 in five wave impulsive structure which in turn reaffirms that 1.6038 is at least a short term top. In such case, it will also open up a few short term bearish scenarios that focuses on 1.5284/5302 support zone.
- Breakouts on the Majors by James Chen, Chief Technical Analyst, at FX Solutions
- 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:
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Currency Majors Technical Analysis by Mataf.net
Banks' Analysis
Technical Analysis: Currencies − EUR/NOK by Mizuho Corporate Bank
Weekly Analysis
Weekly Forex Outlook − Dollar Gains as Interest Rates look set to Rise by Easy Forex
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
- Moves down towards first support level 1.5694
07/29/2008 14:07 GMT - GBP/USD
- Moves down below first support level 1.9864
07/29/2008 14:07 GMT - USD/CHF
- Moves up towards first resistant level 1.0379
07/29/2008 14:07 GMT - USD/JPY
- Moves up towards first resistant level 107.91
07/29/2008 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
EMU ECONOMIC CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 30 | 09:00 | Consumer Confidence | -18 | -17 |
| Jul 30 | 09:00 | Economic Confidence | 93.0 | 94.9 |
| Jul 30 | 09:00 | Industrial Confidence | -7 | -5 |
Friday Notes - Economic confidence should decline further in July by HVB Group
Economic confidence should decline further in July, coming in at 93.8. Sentiment among manufacturers and consumers seems more vulnerable: manufacturers are facing rising levels of stocks and worsening expectations for domestic and foreign demand, while consumers are seeing their purchasing power dragged down by the inflation spike and are starting to become concerned about labor market prospects.
[ Full Story ]Top Market Movers Review
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 29 | 14:00 | Consumer Confidence | 51.9 | 50.0 | 51.0 |
US Conference Bd Jul Consumer Confidence 51.9 Vs Jun 51.0 (Dow Jones)
Consumers' take on the economy stagnated in July, although there was some sign moods may be improving over the economy's longer run prospects, a report Tuesday said.
[ Full Story ]- Consumer Confidence Index at The Conference Board
- Forex − Dollar bounces as stocks rise and consumer confidence beats expectations (Thomson Financial News)
- UPDATE: Dollar Rallies On Stronger US Data, Stocks, Lower Oil (Dow Jones)
- UPDATE: US Consumer Confidence Stagnant Amid House Price Drop (Dow Jones)
Daily Analysis - Dollar trades on a low as housing data and consumer confidence comes out today by Finotec Group Inc.
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 29 | 12:46 | Consumer Price Index (YoY) | 3.3% | 3.2% | 3.3% |
| Jul 29 | 12:45 | Consumer Price Index (MoM) | 0.6% | 0.5% | 0.3% |
German July preliminary CPI up 0.6 pct from June, up 3.3 pct year−on−year (Thomson Financial News)
Consumer prices in Germany rose 0.6 percent in July from June and were up 3.3 percent from a year earlier, preliminary data from the Federal Statistics Office showed.
[ Full Story ]- The official data at Destatis [Text in german]
- UPDATE: German Prelim Jul CPI +0.6% On Month, +3.3% On Yr (Dow Jones)
- German Preliminary CPI increases in July on energy prices (FXstreet.com)
- German July preliminary CPI up 0.6 pct from June, up 3.3 pct year−on−year UPDATE (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 29 | 13:00 | US | S&P/Case−Shiller Home Price Indices (May) | -15.8% | -16.0% | -15.3% |
| 14:00 | US | Consumer Confidence (Jul) | 51.9 | 50.0 | 51.0 |
|
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jul 27) | -41 | |||
| 23:50 | JP | Industrial Production (MoM) (Jun)  | -1.6% | 2.8% | ||
| 23:50 | JP | Industrial Production (YoY) (Jun) | 0.6% | 1.1% | ||
| Jul 30 | 01:30 | AU | Building Permits (MoM) (Jun) | 1.0% | -6.5% | |
| 01:30 | AU | Building Permits (YoY) (Jun) | -4.1% | 0.2% | ||