Wednesday, Jul 30, 16:16 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 Plan: Rules and tools - Part 1 by Valeria Bednarik
- Forex Tool: Trading and Currency tools
- FXstreet.com DVD Series − Support and Resistance Trading by Rob Booker and Dave Murphy
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Forex Blogs
Currency Pairs Follow−up
FX Path: EUR/USD Alert by James Chen
EUR/USD daily chart has just tentatively poked its head slightly below dynamic support in the form of the long−term uptrend support line.
- Euro Directions by Joseph Trevisani at FX Solutions
The Traders Edge: The GBP/JPY Revisited by Ross Yamashita
The Advisor Blog: Majors's technicals for today by Valeria Bednarik
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jul 30, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Jul 31, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 30, 16:00 GMT | Technical Carry Trading  | James Chen | WBN |  |
| Wed, Jul 30, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jul 31, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Thu, Jul 31, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Thu, Jul 31, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
Current Session: U.S.
USD/CHF
Mid−Day Forex Technical Report − Dollar Extends Gains on Unexpected Expansion in ADP Employment by ActionForex.com
USD/CHF's rise continues today and reaches as high as 1.0500 so far. At this point, intraday bias remains on the upside as long as 1.0438 minor support holds. As discussed before, further rally is expected to 1.0539 resistance first and then 1.0623 resistance. On the downside, below 1.0438 will turn intraday outlook neutral and bring consolidation. But pull back should be contained by 1.0314 support and bring another rise.
- USD/CHF Wednesday Morning (NY) Update 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:
Chart of the Day − Chart of the Day − EUR/USD by FX Solutions
Currency Majors Technical Analysis by Mataf.net
Currency Technical Report − Currency Technical Report by FXGreece
Banks' Analysis
Technical Analysis: Currencies − CHF/JPY by Mizuho Corporate Bank
FX Analysts' Blogs
Patterns, Fractals and how we can see the emotionality in them by Pierre Charlebois, Senior Trading Coach at www.TradingPostFinancial.com
Currencies at a Glance
- EUR/USD
- Moves down below opening price level 1.5586 , below pivot level 1.5632
07/30/2008 15:50 GMT - GBP/USD
- Continues to trade around opening price level 1.9786 , below pivot level 1.9837
07/30/2008 15:50 GMT - USD/CHF
- Moves up towards first resistant level 1.0524
07/30/2008 15:50 GMT - USD/JPY
- Moves up back around opening price level 108.11 , above pivot level 107.89
07/30/2008 15:50 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 31 | 09:00 | Consumer Price Index (YoY) | 4.1% | 4.0% |
Friday Notes - We expect the inflation rate to climb to 4.1% in July by HVB Group
We expect the inflation rate to climb to 4.1% in July. Energy prices should be the sole driver of the acceleration: in fact, food inflation should hold broadly stable, while core inflation has not yet shown signs of second−round effects and is expected to move sideways.
[ Full Story ]Top Market Movers Review
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 30 | 12:15 | ADP Employment Change | 9K | -53K | -77K |
US ADP employment report shows net work creation in July (FXstreet.com)
Employment in the United States has increased in July, despite the market expectations of a sharp decline, similar to the one posted last month, according to figures released by ADP.
[ Full Story ]- Complete National Employment Report at ADP
- USD/CHF: Dollar gains on ADP employment rise (FXstreet.com)
- Forex − Dollar jumps on surprise rise in U.S. ADP payrolls data (Thomson Financial News)
- European govt bonds hurt by upbeat ADP forecast for US jobs growth (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Extends Gains on Unexpected Expansion in ADP Employment by ActionForex.com
US economic indicators - We expect the ADP employment change for July to be about the same by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 30 | 12:30 | CA | Industrial Product Price (MoM) (Jun) | 1.3% | 1.0% | 0.9% |
| 14:35 | US | EIA Crude Oil Stocks change (Jul 26) | -0.1M | -1.3 | -1.6M | |
| 23:01 | UK | Gfk Consumer Confidence (Jun) | -37 | -34 | ||
| Jul 31 | 01:00 | JP | Labor Cash Earnings (YoY) (Jun) | 0.6% | 0.2% | |
| 01:30 | AU | Private Sector Credit (MoM) (Jun) | 0.6% | 0.6% | ||
| 01:30 | AU | Private Sector Credit (YoY) (Jun) | 12.1 | 13.4 | ||
| 01:30 | AU | Retail Sales (MoM) (Jun) | 0.0% | 0.7% | ||