Wednesday, Jul 08, 16:17 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- LIVE COVERAGE: BoE Interest Rates Decision Thursday at 10,45 GMT with Valeria Bednarik
- Learning Center: New chapter online: Fundamental Analysis. Read it now!
- WEBINAR VIDEOS: How to Get Started Trading Forex: Forex Volatility Illuminated by Mark Whistler
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Weblog: Yen appreciation continues by Valeria Bednarik
Risk aversion has made of Japanese yen the main beneficiary of the situation. Against dollar, Japanese yen reached the Y94.07, and the pair remains under key 94.30, 50% retracement of the weekly rally 87.10/101.44. Daily close under this level, could signal further falls with 92.60 as probable target for next days, 61.8% of the mentioned rally.
Trading for a Living: OPEC Sees Prolonged Weakness in Demand for Oil by David Aranzabal
The Trader's Edge: Continued EUR/USD downward pressure? by Ross Yamashita
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Live Sessions Schedule
Trading the Harmonic patterns
Expert: Sunil Mangwani
Start: Fri, Jul 10, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jul 8, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 8, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Jul 8, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Wed, Jul 8, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Thu, Jul 9, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Thu, Jul 9, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: U.S.
Yen: The main beneficiary of this risk aversion movements
FXstreet.com Independent Analyst Team − Japanese yen remains the main beneficiary of this risk aversion movements and downside pressure remains intact. Fighting around the 50% retracement of the weekly rally 87.10/101.44, and with 20 SMA bearish holding the downside, pair points for further losses in the next hours, once today's low gives up.
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Energies
Spot Silver Price by Master the Markets
As with spot gold prices spot silver too finished lower in reaction to a slightly firmer US Dollar whose fortunes found some favour given that its fate is not on the agenda at this week's G8 summit.
Dollar
The Greenback will follow Wall Street by FXstreet.com
After stocks tumbled to two month lows past Tuesday, with a triple−digit tumble amid fears recovery will take longer than expected, dollar is set to continue rallying on Wall Street mood.
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 CONSUMER CREDIT
| Date (GMT) | Event | Cons. | Previous | |
| Jul 8 | 19:00 | Consumer Credit | -$10.0B | -$15.7B |
US economic indicators - Consumer credit will have gone down markedly again by about $12bn in May by BHF−Bank
Consumer credit fell by almost $15bn on average in the last three months, as consumers are deleveraging and banks are still tightening credit conditions. Furthermore, as personal income is rising significantly because of fiscal measures, there is less need to pile on debt at present. We therefore predict that consumer credit will have gone down markedly again by about $12bn in May.
[ Full Story ]Forex Trading Strategies - Markets desperately searching for direction by Saxo Bank
Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 8 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | -17.9% | -20.0% | -22.3% |
| Jul 8 | 10:00 | Industrial Production s.a. (MoM) | 3.7% | 0.6% | -2.6% |
UPDATE: German Industrial Output Rebounds Sharply In May (Dow Jones)
[ Full Story ]- Read the Industrial Production data at BMWi [text in German]
- Germany May Industrial Production up 3.7% MoM, down 17.9% YoY (FXstreet.com)
- DATA SNAP: German Industrial Output Rebounds Sharply In May (Dow Jones)
Forex Trading Strategies - Markets desperately searching for direction by Saxo Bank
EMU economic indicators - Output in the German producing sector (May): down by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 8 | 00:00 | G8 Meeting | ||||
| 14:30 | US | EIA Crude Oil Stocks change | -2.9M | -2.9M | -3.7M | |
| 19:00 | US | Consumer Credit (May) | -$10.0B | -$15.7B | ||
| 22:45 | NZ | Credit Card Spending (Jun) | -2.4% | |||
| Jul 9 | 00:00 | G8 Meeting | ||||
| 01:00 | AU | Consumer Inflation Expectation (Jun) | 2.8% | |||
| 01:30 | AU | Employment Change (Jun) | -20.0K | -1.7K | ||
Educational Resources
The Psychological Utility of Technical Analysis
This report is about one of the most fascinating and essential topics in currency trading; the interaction between the psychology of the market and the decisions of the individual trader. A currency moves because market participants make basic assumptions about future price behavior based on the record of past price action. Read the report!
Related Resources
Man vs. Market - Ebook by Rob Booker
Making good decisions - Report from The Trader's Journal