Tuesday, Jun 30, 16:15 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
The Advisor Weblog: Dollar up risk aversion back! by Valeria Bednarik
Consumer confidence slump in the U.S. falling under 50 level, and triggering a mayor risk aversion rally across the board that favours greenback as stocks turn negative in the U.S. Euro has 1.4040 ahead of 1.4000 zone, thus a bit over sold in smaller time frames.
FX Path: Paralysis by Analysis in Forex Trading by James Chen
FX Market Readings: Gap time drop- false move by Dr. S. Sivaraman
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Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Tue, Jun 30, 22:30 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Wed, Jul 1, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 30, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Wed, Jul 1, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Wed, Jul 1, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Wed, Jul 1, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
| Wed, Jul 1, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN |  |
Current Session: U.S.
Wall Street down; Dollar fueled by consumer confidence weak data
FXstreet.com − Dollar has been fueled by the surprisingly decline in US Consumer Confidence today's data and the Greenback is rising further against its major rivals. European morning data have helped USD too with the risk aversion arriving at the town. US market is declining after its US opening bell.
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GBP/USD
Cable looks good for a rise towards 1.70 by Kshitij Consultancy Service
Cable has risen sharply before the UK GDP numbers as it became a victim of "buy the news, sell the fact". It rose to record a high of 1.6744 and we got stopped out as it reversed most of the surge after the GDP data release.
EUR/USD
Hourly charts have turned bearish on Risk appetite by Valeria Bednarik
Current candle opening under 20 SMA that turned down and indicators giving bearish crosses (momentum has just cut under the 100 line). Reversing of risk appetite seen across the board supports more dollar bullish momentum for the next hours.
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
UK PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jul 1 | 08:30 | Purchasing Manager Index Manufacturing | - | 45.4 |
Friday Notes - UK, PMI: The worst is behind us by UniCredit Group
The May PMIs showed a sizeable improvement, sweeping away any doubts that the worst of the recession is behind us. Now, the question remains about the speed of the recovery, given the impressive pace of improvements we have seen in business surveys. While we think that the manufacturing PMI might mark a further improvement to 46 in June, the services counterpart could hardly keep rising at the same speed seen in the last months. We are penciling in a modest decline to 51.2 points.
[ Full Story ]EMU economic indicators - PMI: Likely unchanged by BHF−Bank
Top Market Movers Review
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 30 | 14:00 | Consumer Confidence | 49.3 | 55.1 | 54.8 |
Conference Bd: June US Consumer Confidence Index Slips To 49.3 (Dow Jones)
[ Full Story ]- US Consumer Confidence declines to 49.3 in Jun (FXstreet.com)
Currency Trading Majors Pairs - EUR/USD Fundamental News by Master The Markets
Fundamental Forex Foundations - Consumer Confidence by FXstreet.com Independent Analyst Team
US economic indicators - Consumer confidence (June): slight decline after rebound in April and May by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 30 | 13:45 | US | Chicago Purchasing Managers' Index (Jun) | 39.9 | 38.6 | 34.9 |
| 14:00 | US | Consumer Confidence (Jun) | 49.3 | 55.1 | 54.8 |
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| 20:30 | US | API Crude Oil Inventories (Jun 26) | -72K | |||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jun 28) | -47 | -53 | ||
| 23:50 | JP | Tankan Large All Industry Capex (2Q) | -6.9% | -6.6% | ||
| 23:50 | JP | Tankan Large Manufacturing Outlook (2Q) | -34 | -51 | ||
| 23:50 | JP | Tankan Non − Manufacturing Index (2Q) | -27 | -31 | ||