Friday, Jul 10, 16:06 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Jul 13, 05:00 GMT
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Jul 13, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jul 10, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Jul 13, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Jul 13, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Jul 13, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Jul 13, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
U.S. Update: Safe havens win the week
FXstreet.com Independent Analyst Team − Both dollar and yen are closing the week to the upside, with yen even stronger than greenback. Both Euro and Gbp, are close to end the weeks with doji candles, reflecting how strong uncertainty is across the world. Both currencies against dollar remain stuck in ranges but close to the base of such ranges, and upside weakness had been more than clear all week long. Ahead of next week, expectations will be on banks' second−quarter results. Banks should show solid second−quarter results, as capital raising and a pickup in deposits and mortgage activity allow them to cushion the blow from rising loan weakness tied to rising unemployment.
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GBP/USD
FX Thoughts for the Day − Cable has fallen after testing the 21−DMA by Kshitij Consultancy Service
GB/USD is likely to rise from hereon after taking Support at 1.6190−60. We shall have to see how, things turn out during the US session.
Oil
Daily Oil Prices − Barrel price near to the psychological $60.00 by FXstreet.com
Despite slightly higher equity markets and sharply weaker USD crude oil prices were unable to benefit as the bears tighten their grip on daily chart.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 14 | 08:30 | Core Consumer Price Index (YoY) | - | 1.6% |
| Jul 14 | 08:30 | Consumer Price Index (YoY) | - | 2.2% |
| Jul 14 | 08:30 | Consumer Price Index (MoM) | - | 0.6% |
Friday Notes - We expect headline inflation to ease further to 1.8% for June by UniCredit Group
We expect headline inflation to ease further to 1.8% for June. The disinflation process is widespread. Core inflation should have eased to 1.5% from the previous 1.6%; and another downward contribution should come from non−core components, as fuel and food prices, though rising month−over−month, will benefit from a favorable base effect.
[ Full Story ]Top Market Movers Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 10 | 12:30 | Trade Balance | -$25.96B | -$30.00B | -$28.79B |
DATA SNAP: US Trade Deficit Unexpectedly Narrows In May (Dow Jones)
[ Full Story ]- Read trade balance data at Bureau of Economic Analysis
- CORRECT: DATA SNAP: US Trade Deficit Unexpectedly Narrows In May (Dow Jones)
- EUR/USD: Euro slightly up after trade balance (FXstreet.com)
- Forex: USD/JPY bounces at 91.98 after US trade balance (FXstreet.com)
Market Session Recaps - London Session by FOREX.com
Forex Daily Analysis - Forex Trading − Dollar Under Downward Pressure as G8 Summit Takes Its Toll by ForexYard
Forex Daily Overview - USD lower, China calls for reform of reserve currencies by Easy Forex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 10 | 00:00 | G8 Meeting | ||||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Jul)  | 64.6 | 71.1 | 70.8 | |
| Jul 12 | 22:45 | NZ | Retail Sales (MoM) (May) | 0.5% | ||
| 22:45 | NZ | Retail Sales ex Autos (MoM) (May) | -0.1% | |||
| Jul 13 | 05:00 | JP | Consumer Confidence Households (Jun) | 35.7 | ||
| 07:15 | CH | Producer and Import Prices (MoM) (Jun) | -0.3% | |||
| 07:15 | CH | Producer and Import Prices (YoY) (Jun) | -5% | |||
Educational Resources
Using Moving Averages as Trend filters
The markets tend to be "mean reverting." Gabe Velazquez discusses the differences in the simple moving average and the exponential moving average. The differences may surprise you. Read the report!
Other Article in this Issue:
Pivot Point Analysis by from The Trader's Journal March issue
Elliot Wave principle from The Forex Journal March issue
The structure of th FX market and the role of the retail forex broker from The Forex Journal March issue