Friday, Jul 17, 15:59 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- Learning Center: Chapter B03 "Chart Analysis" is available. Check it out!
- WEBINAR VIDEOS: Updated 2009 Markets Forecasts - Perception vs. Reality in the Globalization 3.0 Credit Bubble by John W O'Donnell
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a living: European opening… always works by David Aranzabal
Again a easy setup at the European opening: GBP/USD: Double top at Asian resistance. Price breaks ascending trendline just at the Frankfurt opening, all the way down to the main double cero price level.
CEO'S Weblog: Learning Center - Unit B, Chapter 3: Chart Analysis RELEASED by Francesc Riverola
FX Market Readings: Volatile moves for week end by Dr. S. Sivaraman
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Jul 20, 05:00 GMT
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Jul 20, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jul 17, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Jul 20, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Jul 20, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Jul 20, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Jul 20, 12:00 GMT | Advanced Fibonacci Tools | Valeria Bednarik | WBN | |
Current Session: U.S.
Looking for Japanese Yen to recover close to 90.00 − Commerzbank
FXstreet.com Independent Analyst Team − After testing three times the 91.80 strong support (July 8, 10 and 11), USD/JPY rose to post 94.45 as 1−week high, thus pair started to falls to levels close to 93.30 yesterday. Currently the pair is trading around 93.74, 0.05% above today's opening price and closing the week with 1.45% gains from 92.43, Monday opening price. Karen Jones, Analyst at Commerzbank, comments the Yen to recover further and test 90.00 support in the following three weeks as pair is trading in a downchannel.
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Energies
Daily Oil Prices − Failed to follow through on the bullish momentum created on Wednesday by Master the Markets
The better than expected GDP growth figures from China, a weak US Dollar and news from the API appear to have had little impact on the price of crude oil which is taking its cue from the equity markets.
EUR/USD
Pair regained 1.4100 on rising stocks and struggles to extend the upside rally by Valeria Bednarik
Slightly bullish in the hourly, 1.4135/40 is first static resistance zone to consider. Bigger time frames support the bias after the strong rebound in the 4 hours 20 SMA with strong bullish slope.
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 NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 17 | 17:00 | NAHB Housing Market Index | 16 | 15 |
Daily FX Market Commentary - NAHB home builders confidence increased the highest level since September last year by Danske Bank A/S
NAHB home builders confidence, released yesterday evening, increased from 15 to 17 in July – the highest level since September last year. After market close in the US IBM released better−than−expected Q2 earnings and raised its guidance for 2009.
[ Full Story ]Forex Trading Strategies - It's business as usual on the Q2 earnings front but currencies appear lackluster by Saxo Bank
Top Market Movers Review
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 17 | 12:30 | Housing Starts (YoY) | 0.58M | 0.53M | 0.53M |
| Jul 17 | 12:30 | Building Permits (MoM) | 0.560M | 0.520M | 0.518M |
DATA SNAP: US June Housing Starts Unexpectedly Rise (Dow Jones)
[ Full Story ]- Read the Housing Starts data at Census Bureau
- CORRECT: DATA SNAP: US June Housing Starts Unexpectedly Rise (Dow Jones)
- US Jun Housing Starts rise a 3.6% to 0.58M (FXstreet.com)
- Table Of Data On Housing Starts From Commerce (Dow Jones)
Forex Trading Strategies - Forex Trading Strategies by Saxo Bank
US economic indicators - Housing starts and building permits (Jun): stabilising at very low levels by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 17 | 12:30 | US | Building Permits (MoM) (Jun) | 0.560M | 0.520M | 0.518M |
| 12:30 | CA | Leading Indicators (MoM) (Jun) | -0.1% | -0.1% | ||
| 17:00 | US | NAHB Housing Market Index | 16 | 15 | ||
| Jul 19 | 23:01 | UK | Rightmove House Price Index (MoM) | -0.4% | ||
| Jul 20 | 01:30 | AU | Producer Price Index (QoQ) | -0.2% | -0.4% | |
| 01:30 | AU | Producer Price Index (YoY) | 4% | |||
| 06:00 | DE | Import Price Index (MoM) | 0% | |||
Educational Resources
Simple Logic Always Beats Complex Illusion
Often, the obvious can stare you right in the face and you will never realize it, the illusive obvious. As humans, we often look deeper into issues when attempting to resolve them which often ends up making the issue more complicated. Read the report!
Other Articles:
Forex Web Resources - Report by Steve Misic
Buddy, Can You Spare $5 Trillion? - Report by John Mauldin
A Summer of Doji−ing Around - Report by Online Trading Academy Team