Monday, Jul 20, 16:01 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
FX Path: AUD/USD − Tentatively Breaks Out Above Consolidation by James Chen
Price action as of Monday (7/20/2009) on AUD/USD has tentatively broken out above a short−term downtrend resistance line extending from the recent major high in early June. This trendline breach could be hinting that the bearish consolidation that has been in place since early June...
Trading for a living: Breakout at Frankfurt opening. On time by David Aranzabal
The Trader’s Edge: EUR/USD - Have we seen a short-term top? by Ross Yamashita
The Advisor Weblog: Gps/Usd in the hourly by Valeria Bednarik
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Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Jul 20, 22:30 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Tue, Jul 21, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 20, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Jul 20, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Tue, Jul 21, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Tue, Jul 21, 09:00 GMT | Trading the Harmonic patterns  | Sunil Mangwani | WBN |  |
| Tue, Jul 21, 12:00 GMT | FX System Trading | Sam Seiden | WBN | |
Current Session: U.S.
EUR/USD: Consolidating close to daily highs
FXstreet.com Independent Analyst Team − Hourly charts remain consolidating close to daily highs, as sentiment remains strongly bullish in the pair, thus hourly indicators show some over bought conditions. Despite that, no signs of correction or reversal clear at this point. Bigger time frames also approach to extreme conditions, so expect some retracement in next hours. If not, as further the rise, as stronger correction will be later.
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GBP/USD
GBP/USD bounces at 1.6457, back to 1.6500 by FXstreet.com
After falling around 95 pips on rejection movement from 1.6552, GBP/USD has found support at 1.6457 in the last hour to rise to 1.6500 again.
USD/JPY
USD/JPY: The price is moving Sideways on the Hourly Chart by Precise Trader
USDJPY is trading above the daily open and marginally above the prior week's high. The price is moving Sideways on the Hourly Chart .
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 FED'S BERNANKE TESTIFIES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 21 | 15:00 | Fed's Bernanke testifies | - | - |
US economic indicators - Bernanke will present to the relevant committees of the Congress on Tuesday and Wednesday by BHF−Bank
Ben Bernanke will present to the relevant committees of the Congress on Tuesday and Wednesday. His main challenge will be to reconcile the more upbeat outlook for growth and the stabilisation of financial markets with the necessity of keeping the Fed Funds Rate low and continuing with credit and quantitative easing measures.
[ Full Story ]- Testify on his semi−annual monetary policy report before the Senate Banking Committee, in Washington DC
Top Market Movers Review
US LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 20 | 14:00 | Leading Indicators (MoM) | 0.7% | 0.5% | 1.2% |
US Conference Board: Jun Leading Index +0.7% (Dow Jones)
[ Full Story ]- Read the leading indicators data at The Conference Board
- US Leading Indicators rise 0.7% in jun from 1.2% in May (FXstreet.com)
Sunrise Market Commentary - The consensus is looking for the third consecutive increase by KBC Bank
Friday Notes - Index of Leading Indicators: Up strongly by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 20 | 12:30 | CA | Foreign investment in Canadian securities | $18.893B | $9.050B | |
| 14:00 | US | Leading Indicators (MoM) | 0.7% | 0.5% | 1.2% | |
| 17:30 | US | Fed's Lockhart speech | ||||
| 22:45 | NZ | Visitor Arrivals | 0.2% | |||
| 23:50 | JP | BoJ Monetary Policy Meeting | ||||
| Jul 21 | 01:30 | AU | New Motor Vehicle Sales (MoM) | 5.4% | ||
| 01:30 | AU | New Motor Vehicle Sales (YoY) | -12.6% | |||
Educational Resources
Forex Essentials Course
LearningMarkets.com
21 lessons for Beginners. From the Basics to the Portfolio Management. The course is made of written text, video demonstration and practical examples.
A short course to get started in the exciting Forex Market.