Thursday, Jun 11, 16:10 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
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
Forex Trading Today: U.S. Equity Markets Open Higher, as Dollar Remains Mixed by Tim Salem
We are about One Hour into the NYSE Open, as Positive Retail Sales and falling Jobless Claims bode well for the Equities and Indices in the Near−Term. The Dollar Itself remains generally "Mixed" and a bit "Independent" in Movement…as we see Hourly IntraDay Weakness in most Majors but Strength against It "Comrade in Low−Yielding Arms"… The Yen.
CEO's Weblog: Over 600,000 Traders Support FXstreet.com in May 2009 by Francesc Riverola
The Advisor Blog: U.S. Retail Sales by Valeria Bednarik
Share your opinions with your fellow traders at FXstreet.com Forum
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets − Free Access Day
Expert: Derek Frey
Start: Thu, Jun 11, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Asia−Pacific Trading Webinar
Expert: Abdul Khan
Start: Fri, Jun 12, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 11, 16:00 GMT | The Green Revolution − Free Access Day | Joseph Trevisani | WBN |  |
| Thu, Jun 11, 17:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
| Fri, Jun 12, 05:00 GMT | Asia−Pacific Trading Webinar | Abdul Khan | WBN | |
| Fri, Jun 12, 06:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Fri, Jun 12, 09:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
Current Session: U.S.
EUR/USD: Pair needs to break above 1.4040 resistance zone
FXstreet.com Independent Analyst Team − Pair downside pressure sends it to test the ascendant trend line around 1.3945, where the pair quickly rebound to the upside. With indicators pointing for further loses and price under 20 SMA and 200 EMA in the hourly, pair needs to break above 1.4040 resistance zone to regain bullish strength. Break under the ascendant trend line dynamic support, could trigger some sells in the pair, not clear at this point.
.
GBP/USD
Sterling rose against the dollar after BOE comments by ICICI Bank
Sterling rose against the dollar after BOE member Sentance stated that there were encouraging signs that the UK recession was nearing a trough. Dollar had come under pressure in the morning session owing to rise in Treasury yields on reports that BRIC nations had announced plans to move from US denominated bonds to purchase IMF bonds
USD/CHF
USD/CHF: Price action since August is seen as a ‘triangular'−shaped A, B, C−type by Mizuho Corporate Bank
Price action since August is seen as a massive, irregular, ‘triangular'−shaped A, B, C−type correction where C is 0.61% the size of A. Despite the highest volatility in at least fifteen years, one−month at−the−money implied hitting a whopping 24.55%, weekly Ichimoku ‘clouds' have done a good job limiting the downside until three weeks ago.
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
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 12 | 09:00 | Industrial Production w.d.a. (YoY) | -19.8% | -20.2% |
| Jun 12 | 09:00 | Industrial Production s.a. (MoM) | -0.5% | -2.0% |
EMU economic indicators - EMU industrial production (April): further decline by BHF−Bank
Output in the German producing sector will probably have decreased in April, just like the ifo Institute's current assessment of the situation in the manufacturing sector. For similar reasons, French, Italian and EMU industrial production could have continued declining in April. Italian GDP growth in Q1 2009 is unlikely to be revised significantly.
[ Full Story ]Top Market Movers Review
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 11 | 12:30 | Retail Sales ex Autos (MoM) | 0.5% | 0.2% | -0.2% |
| Jun 11 | 12:30 | Retail Sales (MoM) | 0.5% | 0.4% | -0.2% |
DATA SNAP: US May Retail Sales Below Expectations (Dow Jones)
[ Full Story ]- Read the Retail Sales data at Census Bureau
- 2nd UPDATE: Jobless Claims,Retail Sales Signal Slow Recovery (Dow Jones)
- UPDATE: Jobless Claims, Retail Sales Point To Slow Recovery (Dow Jones)
- Forex: EUR/USD: Euro dips to 1.3940 low after U.S. data (FXstreet.com)
US%3A Preview of US May retail sales by Easy Forex
Sunrise Market Commentary - US retail sales may be decisive for near term outlook by KBC Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 11 | 14:00 | US | Business Inventories (Apr) | -1.1% | -1.0% | -1.0% |
| 15:00 | US | Fed's Fisher's speech | ||||
| 17:05 | US | Fed's Lockhart speech | ||||
| 22:45 | NZ | Food Price Index (MoM) (May) | -0.6% | |||
| 22:45 | NZ | Retail Sales (MoM) (Apr) | 0.2% | -0.4% | ||
| 22:45 | NZ | Retail Sales ex Autos (MoM) (Apr) | 0.4% | 0.5% | ||
| 23:01 | UK | BoE Quarterly Bulletin | ||||