Tuesday, Jul 14, 16:07 GMT
ASIA-PACIFIC Trading Newsletter
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- Learning Center: New chapter online: Fundamental Analysis. Read it now!
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- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Global Equities Keep Most Units Relatively Well−Bid by Tim Salem
We move to The NYSE Open, where Positive Sentiment begins the Day with The Dow and S&P both in Positive Territory. Equities and Indices have been largely Well−Bid throughout the Global Exchanges overnight and into today's Session Openings.
Trading for a Living: No too much action but the levels keep working fine… by David Aranzabal
The Advisor Blog: Gbp/Usd longer term perspective by Valeria Bednarik
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Money Management
Expert: Lea Peters
Start: Tue, Jul 14, 19:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Tue, Jul 14, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 14, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN |  |
| Tue, Jul 14, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Jul 14, 19:00 GMT | Money Management | Lea Peters | WBN | |
| Tue, Jul 14, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Wed, Jul 15, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
U.S. Update: Uncertainty extends
FXstreet.com Independent Analyst Team − Stocks struggle since the opening in U.S., as investors welcomed better−than−expected results from Goldman Sachs and Johnson & Johnson, but showed caution ahead of other corporate reports due later in the week. Goldman Sachs second−quarter net income was $3.44 billion, or $4.93 a share, the New York−based bank said today in a statement. That surpassed the $3.65 per−share average market was expecting. GBP/USD is holding the 1.6300, pair has reached 20 SMA in the daily that tends to act as strong support/resistance level in the pair.
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USD/JPY
Expect the pair to fall under 92.80 by Valeria Bednarik
Pair is hovering around the 93.00 level since past Asian session, with 20 SMA slightly bullish, thus momentum show some divergences an points to the downside in the hourly. Bigger time frames also have some negative bias.
Dollar
The Dollar may start to rise against the Japanese Yen, technical's show by Finotec Group Inc.
The dollar's decline against the yen may stall before it reaches so−called support at 91.30, Standard Chartered Plc said, citing trading patterns.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 15 | 09:00 | Consumer Price Index − Core (YoY) | 1.5% | 1.5% |
| Jul 15 | 09:00 | Consumer Price Index (MoM) | 0.2% | 0.1% |
Friday Notes - EMU, CPI: Inflation turns negative by UniCredit Group
The preliminary June CPI release reported the first negative reading ever on eurozone inflation. We expect that the final release will confirm the preliminary estimate. As for the breakdown, food inflation probably contributed the most to the slowdown, while core and energy inflation moved sideways. Headline inflation is likely to trough in July.
[ Full Story ]EMU economic indicators - Final HICP is likely to be confirmed at −0.1 % yoy by BHF−Bank
Top Market Movers Review
US BUSINESS INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 14 | 14:00 | Business Inventories | -1.0% | -0.8% | -1.3% |
DATA SNAP: US Businesses Cut May Inventories; Sales Fall (Dow Jones)
U.S. businesses cut inventories again in May, according to a report signaling firms are making slow progress toward reducing excess supply but that more work lies ahead adjusting to lower sales.
[ Full Story ]- Read the Business Inventories data at Census Bureau
- US May Business Inventories down 1% (FXstreet.com)
- Table Of Data On Inventories From Commerce (Dow Jones)
Fundamental Forex Foundations - Business Inventories by FXstreet.com Independent Analyst Team
US: Business Inventories Continue Long Decline by Wachovia
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 14 | 12:30 | US | Producer Price Index (YoY) (Jun) | -4.6% | -5.3% | -5.0% |
| 14:00 | US | Business Inventories (May) | -1.0% | -0.8% | -1.3% |
|
| 20:30 | US | API Crude Oil Inventories (Jul 10) | -1.4M | |||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jul 12) | -52 | |||
| Jul 15 | n/a | JP | BoJ Interest Rate Decision | 0.1% | 0.1% | |
| 06:00 | JP | Machine Tool Orders (YoY) (Jun) | -79.2% | |||
| 07:15 | CH | Adjusted Real Retail Sales (YoY) (May) | 0.8% | 1.2% | ||
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)