Friday, Jun 26, 16:20 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Learning Center: New chapter online: Fundamental Analysis. Read it now!
- WEBINAR VIDEOS: Monthly Webinar: What Traders Need to Know About Today's Forex by Mark Whistler
- 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: Dollar Weakness Continues on PBoC Rhetoric by Tim Salem
Greetings again, Everyone! We see U.S. Futures bidding lower and set for a lower Open in about 15 minutes, as the People's Bank of China reiterates, yet again, a "Call" and Statement for concern on The U.S. Dollar Continuance as the World's Reserve Currency.
FX Path: USD/CAD - Respects Key Downtrend Resistance Line by James Chen
Chartology: Watching the short term intraday charts by Raghee Horner
Share your opinions with your fellow traders at FXstreet.com Forum
Sponsored by 
Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Jun 29, 05:00 GMT
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Jun 29, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jun 26, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Jun 29, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Jun 29, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Jun 29, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Jun 29, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
U.S. Update: Week close with no definitions
FXstreet.com − University of Michigan sentiment index rose to 70.8 in June, versus 68.7 printed in May, but was not enough: stocks remain under selling pressure after past Thursday rebound, with DJIA barely above 8400 points and S&P hovering around 910 level. Lack of definitions continues across the currency markets, and attention now will turn to next week ECB decision and U.S. Nonfarm Payrolls.
.
USD/CAD posts 1.1564 as fresh intra−day high by FXstreet.com
The Dollar's recovery from 1.1445 support has continued to break 1.1530 and post 1.1564 as fresh intra−day high. After that, the pair has fallen slightly to levels close to 1.1500.
Bearish pressure in the daily remains intact by FXstreet.com Independent Analyst Team
With hourly indicators a bit exhausted to the downside, pair can attempt a shy upside correction before next down leg to the 94.80 zone. Bigger time frames remain clearly bearish so expect some downside acceleration.
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 ECONOMIC CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Jun 29 | 09:00 | Consumer Confidence | - | -31 |
| Jun 29 | 09:00 | Economic Confidence | - | 69.3 |
| Jun 29 | 09:00 | Industrial Confidence | - | -34 |
Friday Notes - EMU, Economic Confidence: At a turning point by UniCredit Group
In May, economic confidence rose to the highest level since November, mirroring the further improvement of the composite PMI. Though less than expected, the composite PMI kept rising in June, suggesting that the upside potential for economic sentiment has not been exhausted. However, we remain far from the 90 threshold that, according to our estimates, signals the end of the recession.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 26 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 70.8 | 69.0 | 68.7 |
Reuters/Univ Michigan End−Jun Sentiment 70.8; May 68.7 (Dow Jones)
The Reuters/University of Michigan consumer sentiment index for June moved to 70.8, from 69.0 in the preliminary index and 68.7 in May.
[ Full Story ]- Read the Consumer Sentiment Index data at Reuters/Michigan
- US Reuters/Michigan Consumer Sentiment Index rises to 70.8 in Jun from 68.7 (FXstreet.com)
US economic indicators - UMI consumer sentiment (final June): possibly lower than the preliminary results by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 26 | 12:55 | DE | Consumer Price Index (MoM) (Jun)  | 0.4% | 0.2% | -0.1% |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Jun) | 70.8 | 69.0 | 68.7 | |
| 18:00 | US | Fed's Bernanke Speech | ||||
| Jun 28 | 22:45 | NZ | Building Permits (MoM) (May) | 11.2% | ||
| 22:45 | NZ | Trade Balance (May) | 250M | 276M | ||
| 23:50 | JP | Industrial Production (MoM) (May) | 5.9% | |||
| 23:50 | JP | Industrial Production (YoY) (May) | -30.7% | |||
Educational Resources
Educator of the Month: James Chen
James Chen, CTA, CMT, is the Chief Technical Strategist for FX Solutions. He is also a registered Commodity Trading Advisor and a Chartered Market Technician. Mr. Chen graduated from Tufts University with a degree in social psychology, and has been a currency trader and analyst since the inception of the retail forex market. James Chen publishes research on FXstreet.com and participates to different projects. Check the links below!
Highlighted resources
Check his report Chart of the Day
Register here for his next live session on Tuesday July 14 2009 at 12:00 GMT
Follow his blog at FXstreet.com − FX Path
Read about his book - Essentials of Foreign Exchange Trading
International Traders Conference (ITC 09) Barcelona - Mr.Chen will be Key Speaker at the event