Wednesday, Jul 15, 15:46 GMT
ASIA-PACIFIC Trading Newsletter
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- WEBINAR VIDEOS: Introduction to Candlestick Patterns by Andrei Pehar
- All the events of the day in our Economic Calendar
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Forex Blogs
ForexHedge: US deficit surges past $ 1 trillion! by Ron Schelling
What this means for the value of the Dollar ? The US federal deficit has ballooned past the $1 trillion mark for the first time and could grow to nearly $2 trillion by the end of the budget year.
Trading for a Living: Early risers won the price today by David Aranzabal
CEO's Blog: Forex Web Sites to Visit by Steve Misic by Francesc Riverola
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jul 15, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Wed, Jul 15, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 15, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Jul 15, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Wed, Jul 15, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Thu, Jul 16, 05:00 GMT | Asian Session: Live Market Analysis − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Jul 16, 10:00 GMT | Forex Volume and Price − Free Access Day | Sam Seiden | WBN | |
Current Session: U.S.
Wall Street open higher on signs of economic recovery; Dollar under pressure
FXstreet.com Independent Analyst Team − Stocks market in US are rising today's after its opening bell following the wave of green numbers in European and Asian markets. Risk appetite has turned today after the optimism in earning reports and better than expect US data, Dollar is under pressure. Dow Jones is rising 1.35% so far today to climb above 8.450 level, S&P 500 jumps 1.70% and Nasdaq climbs 2.15%. Oil barrel is trading around $60.80, 2.15% above opening price, Gold rises 1.63% to trade close to 937.80.
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yen
Forecast on JPY Crosses − Update for US Session by Precise Trader
GBP/JPY is trading well above the open and above Monday High . The price is making Higher highs on the Hourly Chart . The Price is trading above Resistance Zone 1 with the low shy of 15 pips of our Support Zone 1.
Energies
Daily Oil Prices − Short term bearish by Forex.com
The much vaunted Goldman Sachs second quarter figures certainly lived up to expectations, injecting some much needed optimism into the markets as well as speculation that a degree of risk tolerance may be also be returning.
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 PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Cons. | Previous | |
| Jul 16 | 14:00 | Philadelphia Fed Manufacturing Survey | -4.9 | -2.2 |
US economic indicators - Philadelphia Fed index in July: −5 by BHF−Bank
Where as the Philadelphia Fed index improved markedly in June, the New York Empire manufacturing index fell back somewhat. We expect the gap to narrow and both indices to remain below zero in July, still indicating contraction. Thus we forecast a level of –5 for both the New York Empire and the Philadelphia Fed index in July.
[ Full Story ]EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jul 17 | 09:00 | Trade Balance n.s.a. | €0.0B | €2.7B |
| Jul 17 | 09:00 | Trade Balance s.a. | €1.2B | -€0.3B |
EMU economic indicators - EMU trade balance is expected to have remained more or less unchanged by BHF−Bank
Following its usual seasonal pattern, the EMU trade balance is expected to have remained more or less unchanged in May, just like the corresponding German figure.
[ Full Story ]Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 15 | 13:15 | Industrial Production (MoM) | -0.4% | -0.6% | -1.2% |
| Jul 15 | 13:15 | Capacity Utilization | 68.0% | 67.8% | 68.2% |
US June Industrial Production −0.4%; Consensus −0.7% (Dow Jones)
[ Full Story ]- Table Of Data On US Capacity Utilization (Dow Jones)
- US Jun Industrial Production falls 0.4% (FXstreet.com)
- Table Of Data On US Industrial Production (Dow Jones)
US economic indicators - Industrial production (May): automobile plant shutdowns lead to sharp drop by BHF−Bank
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 15 | 12:30 | Consumer Price Index (MoM) | 0.7% | 0.6% | 0.1% |
| Jul 15 | 12:30 | Consumer Price Index (YoY) | -1.4% | -1.6% | -1.3% |
DATA SNAP: US CPI Jumps On Energy, Cars; But Annual Rt Slides (Dow Jones)
[ Full Story ]- Read the CPI data at Labor Department
- CORRECT: US CPI Jumps On Energy, Cars; But Annual Rate Slides (Dow Jones)
- Table of Data On US Real Earnings From Labor Dept (Dow Jones)
- US Jun CPI up 0.7% MoM, down 1.4% YoY (FXstreet.com)
US: Preview of June CPI by Easy Forex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 15 | 13:15 | US | Industrial Production (MoM) (Jun) | -0.4% | -0.6% | -1.2% |
| 14:30 | US | EIA Crude Oil Stocks change | -2.8M | -1.9M | -2.9M | |
| 18:00 | US | FOMC Minutes | ||||
| 22:45 | NZ | Food Price Index (MoM) (Jun) | 0.3% | |||
| 23:50 | JP | Tertiary Industry Index (MoM) (May) | 0.3% | 2.2% | ||
| Jul 16 | 09:00 | CH | ZEW Survey − Expectations (Jul) | 9.7 | ||
| 12:30 | US | Continuing Jobless Claims (Jul 4) | 6800K | 6883K | ||
Educational Resources
If you can't spot it, don't trade it
You will find that all successful traders share one thing in common. They all (without exception) have an edge based on low risk entries. Gabe Velazquez looks at why new traders need to learn to identify low risk entry points if they want to enjoy a successful trading career. Read the report!
Other Articles:
Faith−Based Economics from The Trader's Journal May issue
Pivot Point Analysis from The Trader's Journal March issue
Using Moving Averages as Trend filters from The Trader's Journal March issue