Wednesday, Jun 10, 16:02 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Learning Center: Chapter 1 of Unit B: Technical Analysis is out. Check it out!
- WEBINAR VIDEOS: Economic and Technical View of the Currency Market by Rob Booker
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Accumulation Begins as Corrections May Begin by Tim Salem
Greetings once again, Everyone! We finally embark on some Accumulating Activity with most Units after Deep Surges in Price Appreciation… especially on The Aussie and The Queen.
CEO's Weblog: Kim Larsson last Confirmed Speaker of the International Traders Conference (ITC 2009) by Francesc Riverola
The Advisor Blog: Gbp/Usd shinning by Valeria Bednarik
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jun 10, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room − Free Access Day
Expert: Mark De La Paz
Start: Thu, Jun 11, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jun 10, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Jun 10, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jun 11, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN | |
| Thu, Jun 11, 12:30 GMT | Trading Range bound vs. Trending Markets − Free Access Day | Adam Rosen | WBN | |
| Thu, Jun 11, 14:00 GMT | Forex Basics Series: Chapter 4 − Technical indicators: Movering Averages − Free Access Day | Valeria Bednarik | WBN | |
Current Session: U.S.
U.S. Update: Focusing on sentimet and commodities
FXstreet.com Independent Analyst Team − Stocks retrieve most of early gains together with gold and oil that gave up some ground too, changing the intraday bias, and sending dollar up across the board. Part due to profit taking, part due to risk aversion and retrieving prices in commodities, dollar is still far from intra week highs against major rivals, yet regaining the upside even against Japanese yen that tend to be the less dollar sensitive currency these days.
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GBP/USD
Forex Daily Analysis − Crude Oil Prices Surprise with Bullishness as USD Weakens by ForexYard
After completing a 500 pips bullish move, it seems that the cable has reached a very strong resistant level placed around 1.6350. However, the MACD on the 4−hour chart continues to deliver bullish signals.
EUR/USD
EUR/USD: Indicators are close to give bearish signals in the hourly chart by FXstreet.com
Pair has come back from 1.4145 highs, forming a double roof there in the hourly, with the neck around 1.4050 that has just failed to break. Indicators are close to give bearish signals in the hourly chart, with price holding just under the 20 SMA.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ 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 | |
| Jun 10 | 18:00 | Fed's Beige Book | - | - |
Sunrise Market Commentary - Fed speakers and Beige Book closely watched today by KBC Bank
There are also several central bankers from the ECB and the Fed scheduled to speak today. Especially the Fed speeches and the Fed's beige book may need to be closely monitored given the recent speculation that the Fed may start raising interest rates from their historic lows by the end of the year.
[ Full Story ]New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 10 | 21:00 | RBNZ Interest Rate Decision | 2.25% | 2.50% |
Asia Market Update - RBNZ's Bollard Looks to Talk Down NZD Ahead of Meeting by TradeTheNews.com
Having missed a meeting in May, RBNZ is the next central bank on tap for interest rate decision on June 10th.
[ Full Story ]Top Market Movers Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 10 | 12:30 | Trade Balance | -$29.16B | -$28.80B | -$28.53B |
DATA SNAP: US Mar Trade Gap Widens Modestly As Exports Fall (Dow Jones)
The U.S. trade deficit widened modestly in April as exports declined and oil imports continued their recent recovery. The U.S. deficit in international trade of goods and services increased to $29.16 billion from a revised $28.53 billion in March, the Commerce Department said Wednesday.
[ Full Story ]- Read the Trade Balance data at Census Bureau
- UPDATE: US April Trade Gap Widens Modestly As Exports Fall (Dow Jones)
- US Trade gap widens slightly in April; Dollar edges up (FXstreet.com)
- US Trade deficit rises to $29.16B in Apr (FXstreet.com)
Daily Market Report - Data out of the US today includes MBA Mortgage Applications and US Trade Deficit by Wachovia
US economic indicators - Trade deficit (Apr): widening due to higher petroleum prices by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 10 | 12:30 | CA | International Merchandise Trade (Apr) | $-0.2B | $0.8B | $1.0B |
| 14:30 | US | EIA Crude Oil Stocks change | -4.4M | 0.1M | 2.9M | |
| 18:00 | US | Fed's Beige Book | ||||
| 18:00 | US | Monthly Budget Statement (May) | -187.6B | -20.9B | ||
| 21:00 | NZ | RBNZ Interest Rate Decision | 2.25% | 2.50% | ||
| 23:01 | UK | NIESR GDP Estimate (May) | -1.5% | |||
| 23:50 | JP | Gross Domestic Product (QoQ) (1Q) | -4.0% | -3.8% | ||
Educational Resources
Money management overlaps with risk, trade, business, and personal management, yet it has many aspects that make it unique, distinctly different from all of the other areas of management. In this chapter we want to examine some areas of money management that seem to involve mental quirks leading to costly mistakes. Read Joe Ross' article
Related Resources
Money Management in Forex Trading - Report by ForexHit
Money Management Calculator - Trading Tool
Institutional Trading Strategies: Money Management 101 - Webinar Recording with Andrei Pehar
Position Sizing and Money Management - Webinar Recording with John Jagerson