Tuesday, Jul 21, 16:18 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
FX Market Reading: Swing and slide moves are expected before next rise by Dr. S. Sivaraman
EURO and GBP were making higher level swings and upward stop hunt moves for week beginning. They are expected to swing near high during early Japanese session and slide.Then a quick rise and slide moves are expected during European session.
The Advisor Blog: Eur/Usd holding the range by Valeria Bednarik
CEO’s Weblog: FXstreet.com launches its Technical Forex News Feed to the global Forex community by Francesc Riverola
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Live Sessions Schedule
Combining Fundamental and Technical Analysis
Expert: Lea Peters
Start: Tue, Jul 21, 19:00 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Wed, Jul 22, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 21, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN |  |
| Tue, Jul 21, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Jul 21, 19:00 GMT | Combining Fundamental and Technical Analysis | Lea Peters | WBN | |
| Tue, Jul 21, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Wed, Jul 22, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
U.S. Update: Lack of definition extends
FXstreet.com Independent Analyst Team − After Federal Reserve Chairman Ben S. Bernanke testimony, signaling economy is showing some signs of stabilization, he add that "the central bank intends to maintain a "highly accommodative" monetary policy for "an extended period" , sending dollar and stocks up in a short lived spike. Bernanke comments were not enough to dilute optimism and at this point, both currencies and stocks remain well bid and with bullish bias for the rest of the day.
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GBP/USD
GBP/USD medium term trend remains to the upside by FXTechstrategy
As long as the pair continues to hold above its MT rising trendline, its broader medium term trend remains to the upside with its YTD high at 1.6742 seen as the next target.
USD/CAD
USD/CAD: Corrective bounce from 1.0785 in early June saw record futures volume by Mizuho Corporate Bank
The corrective bounce that started at 1.0785 in the first week of June saw record futures volume, six times the norm for 1980−2000, suggesting heavy speculative US activity.
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
UK RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 23 | 08:30 | Retail Sales (MoM) | 0.4% | -0.6% |
| Jul 23 | 08:30 | Retail Sales (YoY) | - | -1.6% |
Friday Notes - We expect June retail sales to have remained stagnant by UniCredit Group
Following a marked contraction in May, we expect June retail sales to have remained stagnant. Surveys of the retail sector, though they have not done a good job in tracking sales dynamics, have either stabilized or marked some improvement in June. Overall, retail sales should have expanded in 2Q at a slightly faster pace than in the previous quarter.
[ Full Story ]Top Market Movers Review
US FED'S BERNANKE TESTIFIES
| Date (GMT) | Event | Actual | 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
[ Full Story ]- U.S. markets open mixed on Bernake comments; Euro and Pound spike up (FXstreet.com)
- CURRENCIES: Dollar Gets Small Boost From Bernanke Comments (Dow Jones)
- CURRENCIES: Dollar, Yen Benefit From Bernanke Op−ed Piece (Dow Jones)
US Morning Notes - USD mixed, Bernanke discusses rate hikes and exit plans by Easy Forex
Forex Trading Strategies - Optimism still the buzz−word ahead of Bernanke's testimony by Saxo Bank
FOMC: Bernanke reveals exit strategy thoughts by Danske Bank A/S
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 21 | 13:00 | CA | BoC Interest Rate Decision | 0.25% | 0.25% | 0.25% |
| 15:00 | US | Fed's Bernanke testifies | ||||
| Jul 22 | 01:30 | AU | Consumer Price Index (QoQ) | 0.5% | 0.1% | |
| 01:30 | AU | Consumer Price Index (YoY) | 2.5% | |||
| 08:30 | UK | Bank of England Minutes | ||||
| 09:00 | EMU | Industrial New Orders (YoY) | -35.5% | |||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) | 1.9% | -1.0% | ||