Wednesday, Jul 22, 16:18 GMT
ASIA-PACIFIC Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: EUR/JPY − Rejected at Resistance by James Chen
EUR/JPY, a daily chart of which is shown, was recently rejected at the strong resistance imposed by both the key 135.00 support/resistance price region as well as the underside of a major uptrend line that was broken down earlier this month.
CEO's Weblog: FSA proposes bigger fines to achieve credible deterrence by Francesc Riverola
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jul 22, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Wed, Jul 22, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 22, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Jul 22, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Wed, Jul 22, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Thu, Jul 23, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Thu, Jul 23, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
Current Session: U.S.
U.S. Update: No way out of ranges
FXstreet.com Independent Analyst Team − Wells Fargo & Co.'s however, printed a 81% rise in earnings last quarter, reversing stocks and currencies. Euro clearly broke above 1.4200 and points for further gains, while Gbp seems to have settle above the 1.6400 area. Barely 20 points from today's high, Dow Jones is the chart to watch: above 8950 lies the 9000 resistance, followed by 9083, this year high. Break above such levels could lead to an acceleration in stocks, and so in European currencies.
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GBP/USD
The recovery in daily oil prices may be fragile for the time being by Master The Markets
A bullish signal to start but counterbalanced by two bearish signals during the oil trading session, and overall not a very clear picture. Based on yesterday's candle we may well see a reversal today in the price of oil.
GBP/USD
GBP/USD finds support at 1.6356, back to 1.6440 by FXstreet.com
After posting intra−day high at 1.6450 and falling quickly to trade close to 1.6350, GBP/USD has bounced at 1.6356 to rise above 1.6400 again and trade close to 1.6440. Currently pair is recovering previous losses and posting 0.10% daily gains from opening price.
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 HOUSING PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 22 | 14:00 | Housing Price Index (MoM) | 0.9% | -0.2% | -0.3% |
| Jul 22 | 14:00 | Housing Price Index (YoY) | -5.6% | - | -8.7% |
FHFA Index: US House Prices Rose 0.9% To May From April (Dow Jones)
U.S. house prices rose 0.9% from April to May on a seasonally adjusted basis, the Federal Housing Finance Agency's monthly pricing index shows.
[ Full Story ]- Read the official data at FHFA
- US Housing Price Index rose 0.9% in May; 5.9% down on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 22 | 14:00 | US | Housing Price Index (YoY) | -5.6% | -8.7% | |
| 14:30 | US | EIA Crude Oil Stocks change | -1.8M | -2.8M | ||
| 23:50 | JP | Adjusted Merchandise Trade Balance | ¥510.0B | ¥222.4B | ||
| 23:50 | JP | Merchandise Trade Balance Total | ¥299.8B | |||
| Jul 23 | 08:00 | EMU | Current Account n.s.a | -€9.2B | ||
| 08:00 | EMU | Current Account s.a | -€2.7B | -€5.9B | ||
| 08:30 | UK | Retail Sales (MoM) | 0.4% | -0.6% | ||
Tracking Correlations Between Equities, Commodities, and Currencies
In the Forex markets, prices move for many reasons. Read Steve Misic's report to know few of the basic business reasons for day−to−day movements in the Forex markets.
Other Lessons from the Pros Articles
Who Are You? - Report by Sam Seiden
Europe on the Brink - Report by John Mauldin
Handling Trading Pressure - Report by Don Dawson