Monday, Jun 29, 16:14 GMT
ASIA-PACIFIC Trading Newsletter
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- 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
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Forex Blogs
The Advisor Weblog: Usd/Jpy in the hourly by Valeria Bednarik
Consolidating just under key 95.60 level, pair seems slightly bullish both in 1 and 4 hours charts, yet we need some confirmation above the mentioned zone to support the bias. 20 SMA in the hourly under current price and turning to the upside give some support thus ranging and low volume are limiting today's chances of a break.
CEO'S Weblog: Forex Fraud - Capital Blu investors’ $17M mostly gone, authorities say by Francesc Riverola
FX Path: Forex Levels to Watch (Week of Jun 29 - Jul 3, 2009) by James Chen
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Jun 29, 22:30 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Tue, Jun 30, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 29, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Jun 29, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Tue, Jun 30, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Tue, Jun 30, 06:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Jun 30, 11:00 GMT | Forex Fundamentals − What To Watch | Steve Misic | WBN | |
Current Session: U.S.
Break above today's high could approach the pair to the 1.6600 zone
FXstreet.com − Pair regained the upside, yet hourly indicators seem a bit exhausted and showing a probable downside correction, that should remain above 1.6500 zone, where we also have 20 SMA. Break above today's high could approach the pair to the 1.6600 zone, roof of the horizontal channel/range of the past weeks. Volume remains low.
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GBP/USD
Chart of the Day – GBP/USD by FX Solutions
GBP/USD has continued progressing sideways within the converging triangle consolidation that has been in place since the beginning of the month. This continued consolidating price action occurs within the context of a steep uptrend that has not been broken as of yet.
US session
U.S. Update: Summer low volume beginning today by Valeria Bednarik
Euro and Swiss Franc remain in tight ranges while Gbp is slightly up, pushing for a retest of the 1.6600 level. Rising stock are sending Japanese yen lower across the board, quoting around Y95.70 against greenback, sill with a bearish outlook in the term, as long as remains under Y97.20 zone.
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 M3
| Date (GMT) | Event | Cons. | Previous | |
| Jun 30 | 08:00 | M3 (YoY) | 4.6% | 4.9% |
Friday Notes - EMU, M3: Severe credit downturn by UniCredit Group
M3 growth has been on a slowing trend for one year and a half. Looking at lending dynamics, in April the flow of credit to the private sector was negative for the fourth time in the last five months: household lending is at a standstill while corporate lending continues its deceleration from April 2008's peak. As economic activity continues to shrink, in May we see a further easing in M3 growth and slower loans growth, particularly to firms.
[ Full Story ]Top Market Movers Review
EMU ECONOMIC CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 29 | 09:00 | Industrial Confidence | -32 | -32 | -33 |
| Jun 29 | 09:00 | Consumer Confidence | -25 | -30 | -28 |
| Jun 29 | 09:00 | Economic Confidence | 73.3 | 71.0 | 70.2 |
DATA SNAP: Euro−Zone Confidence Improves For Third Month (Dow Jones)
[ Full Story ]- UPDATE: Euro−zone Confidence Rises;Econ Likely Bottomed In 1Q (Dow Jones)
- Forex: EUR/USD rises above 1.4000 after the EU consumer confidence good data (FXstreet.com)
- EU Jun Economic Confidence improves to 73.3 vs 70.2 (FXstreet.com)
Friday Notes - EMU, Economic Confidence: At a turning point by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 29 | 09:00 | EMU | Economic Confidence (Jun) | 73.3 | 71.0 | 70.2 |
| 09:00 | EMU | Industrial Confidence (Jun) | -32 | -32 | -33 |
|
| 23:01 | UK | Gfk Consumer Confidence (Jun) | -27 | |||
| 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Jun) | 46.6 | |||
| 23:30 | JP | Overall Household Spending (YoY) (May) | -1.5% | -1.3% | ||
| 23:50 | JP | Jobless Rate (May) | 5.2% | 5.0% | ||
| Jun 30 | 01:00 | AU | HIA New Home Sales (MoM) (May) | 0.5% | ||
Educational Resources
Forex trading system is the subsystem of the forex trading plan which controls when and at which price you open and close your trades. Any currency trading system prevents information overload by filtering the universe of technical and/or fundamental signals in such a way that only the most reliable signals or signal combinations are acted upon. Check ForexHit's report!
Related Resources
System Building - Report by FX Engines
Forex Trading Systems - Report by StraightForex
Building a Trading System in the Forex - Webinar recording by John Jagerson
Trading Systems - Transcript session by Dan Blystone