Friday, Jun 12, 15:48 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
The Advisor Blog: Gbp/Usd technical points by Valeria Bednarik
Gbp fall has been halted by 20 SMA in 4 hours charts, still with a nice bullish slope. Indicators are quite bearish, but pair needs to break that MA to accelerate to the downside. Failure there will keep the pair consolidating with first strong resistance around 1.6470.
FX Market Readings: Induced long liquidation by Dr.S. Sivaraman
CEO's Weblog: Trading Day’s Live Wrap Up. A new daily webinar by Francesc Riverola
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Jun 15, 05:00 GMT
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Jun 15, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 15, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Jun 15, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Jun 15, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Jun 15, 12:00 GMT | Can I use FX to hedge my stock portfolio? | Adam Rosen | WBN | |
| Mon, Jun 15, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
Break under ascendant trend line now around 1.4000
FXstreet.com Independent Analyst Team − Break under ascendant trend line now around 1.4000, now first resistance for next session (as pair could well complete a pullback before resuming down trend), sent the pair to test yesterday's low around 1.3945, first support. With indicators bearish and price well under 20 SMA, Break under that level could accelerate sells in the pair, as bigger time frames support the bias.
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GBP/USD
Currency markets this morning have exhibited a degree of instability by Master The Markets
With further dollar weakness likely it seems that our initial target of 1.6725 has appeared on the horizon sooner rather than later...
USD/CAD
We may see a short squeeze in this pair once again0 by Master The Markets
The dollar to cad continued to consolidate yesterday ending the day on a narrow spread up bar with a small lower wick which found some support in the 1.0950 region which aligned closely with the previous lows
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 NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jun 15 | 17:00 | NAHB Housing Market Index | 17 | 16 |
Friday Notes - NAHB housing market index pessimism still rules among house builders by UniCredit Group
Home builders still see declining demand for new houses, but the degree of pessimism they express is easing somewhat. The implication is the overall business recession, which was presaged by the contraction in residential construction, will come to an end long before the housing market bottoms out.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 12 | 13:55 | Reuters/Michigan Consumer Sentiment Index | 69.0 | 68.6 | 68.7 |
Reuters/Univ Michigan Mid−Jun Sentiment 69.0; May 68.7 (Dow Jones)
[ Full Story ]- Read the Consumer Sentiment Index data at Thomson Reuters
- U.S. Michigan Consumer sentiment index edges up in Jun; Dollar steady at day highs (FXstreet.com)
- US Reuters/Michigan Consumer Sentiment Index up to 69 in Jun from 68.7 (FXstreet.com)
US economic indicators - UMI consumer sentiment (Jun): first decline since February by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 12 | 13:55 | US | Reuters/Michigan Consumer Sentiment Index (Jun)  | 69.0 | 68.6 | 68.7 |
| 15:30 | EMU | ECB Trichet's Speech | ||||
| Jun 13 | 00:00 | G8 Meeting | ||||
| Jun 15 | 07:15 | CH | Producer and Import Prices (MoM) (May) | 0.1% | -0.2% | |
| 07:15 | CH | Producer and Import Prices (YoY) (May) | -3.6% | |||
| 09:00 | EMU | Employment Change (QoQ) (1Q) | -0.3% | |||
| 09:00 | EMU | Employment Change (YoY) (1Q) | 0% | |||
Educational Resources
For the first time ever, Sunil Mangwani, a professional currency trader and competent educator & trainer in forex is bringing his two days workshop to London. A unique "fast track" workshop, with a "Hands−On" approach to trade the forex markets; the objective of this workshop is to guide the trader on the correct path and offer techniques /strategies which work, plus concentrate on the concepts of the 3M's – Money, Mind & Method.
Related Resources
Register here for Sunil Mangwani's next webinar Mon, Jun 15 2009, 09:00 GMT
Follow his blog - Forexology
Check here his educational reports