Monday, Jul 13, 16:03 GMT
ASIA-PACIFIC Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
To Get Started
- Learning Center: New chapter online: Fundamental Analysis. Read it now!
- WEBINAR VIDEOS: Can we make money in these slow markets? by Adam Rosen
- 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
ForexHedge: California's financial troubles echo across the US by Ron Schelling
California may be the most visible in deficit, the map below shows that other states across the US have budgetary probles too. Cumulative budget gap is around $ 121bn this year !
CEO'S Weblog: Crown Forex S.A Bankruptcy Declared Immediately Enforceable by Francesc Riverola
Trading for a Living: JPY And USD Rise On Falling US Confidence by David Aranzabal
Share your opinions with your fellow traders at FXstreet.com Forum
Sponsored by 
Live Sessions Schedule
Trading Around Your Day Job
Expert: Ryan O'Keefe
Start: Mon, Jul 13, 19:00 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Tue, Jul 14, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 13, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Jul 13, 19:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN |  |
| Tue, Jul 14, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Tue, Jul 14, 06:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Jul 14, 12:00 GMT | Managing Risk to Target Consistent Profitability in the Forex Market  | James Chen | WBN | |
Current Session: U.S.
EUR/USD: Indicators suggest further falls under 1.3950
FXstreet.com Independent Analyst Team − Holding just above 1.3950 support zone, also 20 SMA in eh hourly, the pair failed to regain the 1.400 level and come back to test support zone. Turning bearish in the hourly, indicators suggest further falls under mentioned support zone, as momentum is cutting 100 line to the downside while RSI approaches to 50 line. If support holds, a retest of 1.4000 seems likely in the next hours. Support levels: 1.3910 1.3880 1.3840. Resistance levels: 1.3970 1.4000 1.4045.
.
Majors
Forecast on USD Majors − Update for US Session by Precise Trader
EUR/USD: The Price is trading below the Support ZONE 1 with the high is 40 pips below the Resistance Zone 1. GBP is the weakest cross currently but gaining it losses
Dollar
The Yen and the Dollar strengthen as stock start the week with a decline by Finotec Group Inc.
USD probably won't be affected by calls for Japan to diversify its currency holdings and prospect of national elections in the country, UBS said.
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% | 1.6% |
| Jul 14 | 08:30 | Consumer Price Index (YoY) | 1.8% | 2.2% |
| Jul 14 | 08:30 | Consumer Price Index (MoM) | 0.3% | 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 ]Fundamental Forex Foundations - Consumer Price Index (Core) by FXstreet.com Independent Analyst Team
Market Session Recaps - London Session by FOREX.com
Top Market Movers Review
EMU ECB TRICHET'S SPEECH
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 13 | 10:30 | ECB Trichet's Speech | - | - | - |
Trichet: ECB's Toolkit Is Up To The Challenge (Dow Jones)
European Central Bank President Jean−Claude Trichet Monday rebuffed criticism that the bank has done too little and too slowly to combat the global economic crisis, saying that its monetary policy toolkit is "up to the challenge."
[ Full Story ]- ECB homepage
- Forex: EUR/USD breaks 1.3960 on Trichet comments (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 13 | 10:30 | EMU | ECB Trichet's Speech | |||
| 14:30 | CA | Bank of Canada Business Outlook Survey | ||||
| 18:00 | US | Monthly Budget Statement (Jun) | -70.0B | -189.7B | ||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Jun) | -0.8% | |||
| 23:01 | UK | RICS House Price Balance (Jun) | -40.1% | -44.1% | ||
| Jul 14 | 01:30 | AU | National Australia Bank's Business Conditions (Jun) | -14 | ||
| 01:30 | AU | National Australia Bank's Business Confidence (Jun) | -2 | |||
Educational Resources
This Data point largely measures the average change in sale prices received by the domestic producers of goods and services excluding food and energy within the economy. The data is released at approximately 12:30 GMT. Read this new educational report by Tim Salem!
Other indicators covered in this series
Institute for Supply Management (ISM) Services (Non−Manufacturing)