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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: USD/CAD − Continued Bearishness Approaching Downtrend Lows by James Chen
Steeply bearish price action within the last couple of weeks on USD/CAD has brought price down from a 38.2% Fibonacci retracement (measured off the long bearish run from 1.3060 to 1.0780) to approach the downtrend lows once again.
FX Market Readings: Higher level consolidation and rise by Dr.S.Sivaraman
The Advisor Blog: Usd/Jpy breaking higher 95.00 next by Valeria Bednarik
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Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Jul 23, 22:30 GMT
Type of Session: Webinar
Maximizing Trade Entry Opportunities in the Forex Market
Expert: James Chen
Start: Fri, Jul 24, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 23, 15:00 GMT | MONTHLY WEBINAR − Part 2: Market Symmetry and WDGann Analysis  | Lea Peters | WBN |  |
| Thu, Jul 23, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Fri, Jul 24, 09:00 GMT | Trading the Harmonic patterns | Sunil Mangwani | WBN |  |
| Fri, Jul 24, 12:00 GMT | Maximizing Trade Entry Opportunities in the Forex Market | James Chen | WBN | |
| Fri, Jul 24, 14:00 GMT | Trading Forex Volatility | Mark Whistler | WBN | |
Current Session: U.S.
Forex: USD/JPY: Dollar hits three−weeks high 98.97
FXstreet.com − Dollar rally from yesterday low at 93.10 has extended to a fresh 3 weeks high at 94.97 after a 150 pips rally on the day to reach levels 1.45% above the day opening price action.
Resistance levels, at the moment, lie at 95.00/15 and above there, 95.45 and 95.80. Support levels are 93.75/85 (Jul 22 high) and below here, 93.25/40 and 93.10 (Jul 22 low).
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GBP/USD
Global Stock Rally Dominates USD Trading by ForexYard
The typical range trading on the hourly chart continues. The 4−hour chart RSI is floating in neutral territory. However, the pair currently sits near the top border of the daily chart's RSI, suggesting a downward correction may be imminent.
EUR/USD
EURUSD: Maintaining Above The 1.4000 Level by FXTechstrategy
Although hesitation was seen Wednesday following the pair's failure at 1.4276, EUR held and closed above the 1.4000/1.4200 levels at the end of the day.
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
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 24 | 08:00 | IFO − Expectations | 90.1 | 89.5 |
| Jul 24 | 08:00 | IFO − Business Climate | 86.6 | 85.9 |
EMU economic indicators - German ifo business climate (July): stagnation by BHF−Bank
The ifo business climate for Germany could have remained more or less unchanged in July. The US ISM manufacturing index has improved, but the German ZEW economic sentiment has deteriorated. German yield spreads have remained largely stable, with both long−term and short−term interest rates having decreased.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 23 | 14:00 | Existing Home Sales (MoM) | 3.6% | - | 2.4% |
| Jul 23 | 14:00 | Existing Home Sales | 4.89M | - | 4.77M |
US June Existing Home Sales Up 3.6% To 4.89 Mln Rate (Dow Jones)
[ Full Story ]- Existing−Home Sales at NAR
- US Existing Home Sales−STATS (Dow Jones)
- 2nd UPDATE: US Jobless Claims +30K To 554K In July 18 Wk (Dow Jones)
- Table of Data On Existing US Home Sales (Dow Jones)
US economic indicators - We see existing home sales rising somewhat further to about 4.85m in June by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 23 | 14:00 | US | Existing Home Sales | 4.89M | 4.77M | |
| 14:00 | US | Existing Home Sales (MoM) | 3.6% | 2.4% | ||
| Jul 24 | 04:30 | JP | All Industry Activity Index (MoM) | 0.9% | 2.6% | |
| 07:30 | DE | Purchasing Manager Index Manufacturing  | 42.1 | 40.9 | ||
| 07:30 | DE | Purchasing Manager Index Services | 46.0 | 44.3 |
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| 08:00 | DE | IFO − Business Climate | 86.6 | 85.9 | ||
| 08:00 | DE | IFO − Expectations | 90.1 | 89.5 | ||
Educational Resources
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