Thursday, Jul 16, 16:02 GMT
ASIA-PACIFIC Trading Newsletter
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- WEBINAR VIDEOS: Managing Risk to Target Consistent Profitability in the Forex Market by James Chen
- All the events of the day in our Economic Calendar
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Forex Blogs
Chartology: Watching for a USD/CHF Swing Short by Raghee Horner
Here are two Autochartist chart pattern alerts that I am setting up for a potential swing short on the USD/CHF that I'm watching.
FX Path: Webinar Recording Now Online by James Chen
CEO's Blog: The Sun - A GANG of five OAPs attacked their financial adviser with a Zimmer 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 − Free Access Day
Expert: Derek Frey
Start: Thu, Jul 16, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up − Free Access Day
Expert: Valeria Bednarik
Start: Thu, Jul 16, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 16, 16:00 GMT | The Unwinding Of The G−8 Consensus − Free Access Day | Joseph Trevisani | WBN |  |
| Thu, Jul 16, 17:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
| Thu, Jul 16, 22:30 GMT | Trading Day's Live Wrap Up − Free Access Day | Valeria Bednarik | WBN | |
| Fri, Jul 17, 05:00 GMT | Asia−Pacific Trading Webinar | Abdul Khan | WBN | |
| Fri, Jul 17, 08:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
GBP/USD breached above a short term descendant trend line in the hourl
FXstreet.com Independent Analyst Team − Pair hits 1.6481 before halting the rally. A bit exhausted in the hourly, indicators point for further corrections in the next hours, with 1.6415, 20 SMA and broken line as first support to consider. Break under that level, could accelerate downside correction that should remain capped at 1.6350 to keep the bullish bias intact. Support levels: 1.6415 1.6350 1.6310. Resistance levels: 1.6481 1.6510 1.6545.
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Dollar
Forecast on USD Minors − Updates for US Session by Precise Trader
AUD/USD is trading marginally above the open but within prior day's trading range. Price is making higher highs on the 1H Chart but it is rather weak.
EUR/USD
Euro vs Dollar − Daily Chart by Master the Markets
Euro bulls should perhaps only raise two cheers for the wide spread up bar posted on yesterday's daily euro vs dollar chart for several reasons.
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 TRADE BALANCE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jul 17 | 09:00 | Trade Balance s.a. | €1.2B | -€0.3B |
| Jul 17 | 09:00 | Trade Balance n.s.a. | €0.0B | €2.7B |
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 PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 16 | 14:00 | Philadelphia Fed Manufacturing Survey | -7.5 | -4.9 | -2.2 |
DATA SNAP: Philadelphia Area Manufacturing Still Weak (Dow Jones)
[ Full Story ]- Read full Survey at the Philadelphia Fed
- UPDATE: DATA SNAP: Philadelphia Area Manufacturing Still Weak (Dow Jones)
- US Jul Philadelphia Fed Manufacturing Survey falls to −7.5 vs −2.2 (FXstreet.com)
US economic indicators - Philadelphia Fed index in July: −5 by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 16 | 13:00 | US | Total Net TIC Flows (May) | $-66.6B | -$11.2B | -$53.2B |
| 14:00 | US | Philadelphia Fed Manufacturing Survey (Jul) | -7.5 | -4.9 | -2.2 | |
| Jul 17 | 01:30 | AU | Export Price Index (QoQ) (2Q) | -16.0% | -4.6% | |
| 01:30 | AU | Import Price Index (QoQ) (2Q) | -6.0% | -2.8% | ||
| 05:00 | JP | Coincident Index (May) | 87.1% | 86.0% | ||
| 05:00 | JP | Leading Economic Index (May) | 76.8 | 76.2 | ||
| 09:00 | EMU | Construction Output s.a (MoM) (May) | 0.6% | |||
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