Thursday, Jun 25, 15:58 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Learning Center: New chapter online: Fundamental Analysis. Read it now!
- WEBINAR VIDEOS: Fundamental analysis: FED meetings and their influence on trading by Valeria Bednarik
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: Trading Forex Pullbacks and Throwbacks by James Chen
In any financial market, including forex, trading breakouts can often be a tricky ordeal. False breaks are a common occurrence that frustrate even the most dedicated forex traders.
The Advisor Blog: Stocks leading the way by Valeria Bednarik
Forex Trading Today: Slight Aversion Returns after GDP and Jobless Claims Data by Tim Salem
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jun 25, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Jun 25, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 25, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jun 25, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Fri, Jun 26, 04:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Fri, Jun 26, 05:00 GMT | Asia−Pacific Trading Webinar | Abdul Khan | WBN | |
| Fri, Jun 26, 09:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
Current Session: U.S.
EUR/USD: Break under 1.3890 minimum's zone, could accelerate the fall
FXstreet.com Independent Analyst Team − Pair break to the downside a small ascendant channel, slam continuation figure, with indicators supporting the view and 20 SMA with a nice bearish slope above actual price. Break under 1.3890 minimum's zone, could accelerate the fall in the pair for the next hours.
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GBP/USD
GBP/USD: Pair continues to consolidate into a pennant formation by Master The Markets
The first, and perhaps most obvious point, is that yesterday's candle ended as a doji shooting star, a classic sign of weakness and one which has been duly confirmed in this morning London trading session.
EUR/USD rebounds at 1.3890 and recovery previous loses by FXstreet.com
After falling 75 pips from 1.3965, in the early American session, the EUR/USD has tested yesterday's low at 1.3890 and it has been rebounded above to 1.3900 again. In the last minutes, EUR has jumped to trade close to 1.3940 after Ben Bernake says to US lawmakers: "We are quite transparent". Wall Street is fueling sentiment too, US Stocks are rallying on personal consumption.
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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jun 26 | 00:00 | Consumer Price Index (MoM) | 0.2% | -0.1% |
| Jun 26 | 00:00 | Consumer Price Index (YoY) | -0.1% | 0.0% |
DATA SNAP: Germany's Saxony Jun CPI +0.2% On Mo, +0.1% On Yr (Dow Jones)
The consumer price index for the eastern German state of Saxony rose 0.1% in June from the same month last year, owing to contained heating oil and fuel price developments as well as cheaper diary products, the state statistics office said Thursday.
[ Full Story ]Top Market Movers Review
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 25 | 12:30 | Gross Domestic Purchases Price Index | 2.8% | 2.8% | 2.8% |
| Jun 25 | 12:30 | Gross Domestic Product Annualized | -5.5% | -5.7% | -6.3% |
DATA SNAP: US Economy 1Q Fell Less Than Believed (Dow Jones)
[ Full Story ]- Read the GDP data at Commerce Department
- Forex: USD/JPY: Dollar slides to 96.05 after U.S. data (FXstreet.com)
- Forex: EUR/USD: Euro drops on US Data, approaches 1.3900 (FXstreet.com)
- U.S. GDP drops 5.5% in the first quarter; Euro dips, Yen rises (FXstreet.com)
Daily Market Report - Initial jobless claims and Q1 GDP numbers are scheduled to be released today by Wachovia
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 25 | 12:30 | US | Real Personal Consumption Expenditures (QoQ) (1Q) | 1.4% | 1.5% | 1.5% |
| 14:00 | US | Fed's Bernanke testifies | ||||
| 22:45 | NZ | Gross Domestic Product (QoQ) (1Q) | -0.7% | -0.9% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (May) | -1.1% | -0.1% | ||
| 23:30 | JP | National CPI Ex Food, Energy (YoY) (May) | -0.5% | -0.4% | ||
| 23:30 | JP | National CPI Ex−Fresh Food (YoY) (May) | -1.1% | -0.1% | ||
| 23:30 | JP | Tokyo CPI ex Food, Energy (YoY) (Jun) | -0.9% | -0.9% | ||