Monday, Jul 27, 16:32 GMT
ASIA-PACIFIC Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
To Get Started
- Forex Tools renewed! Check out the brand new features: Margin Calculator and Carry Trade Calculator
- Learning Center: Chapter B03 "Chart Analysis" is available. Check it out!
- WEBINAR VIDEOS: Using Fibonacci ratios to manage your trades efficiently by Sunil Mangwani
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
FX Path: AUD/USD − Bumped Up Against Major Resistance by Ross Yamashita
Price action on AUD/USD has finally reached up to (and was tentatively rejected by) key resistance in the 0.8260 price region, which represents the highest high in the current uptrend that was reached in early June.
The advisor Blog: Gbp/Usd fighting the 1.6500 level by Valeria Bednarik
Sponsored by 
Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Jul 27, 22:30 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Tue, Jul 28, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 27, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Jul 27, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Tue, Jul 28, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Tue, Jul 28, 12:30 GMT | Forex Basics Series: Chapter 5 − Bollinger Bands and RSI | Valeria Bednarik | WBN | |
| Tue, Jul 28, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
FXstreet.com − Despite the better than expected reading, stocks were unable to continue rallying and fell from intraday highs turning negative after Wall Street opening. More likely, seems to be just a corrective and consolidation stage, as DJIA remains well above 9000, now at 9071 points, while S&P hovers above 970.00. EUR/USD is still undefined, pair has a slightly bullish tone due to higher highs and lower lows we see in daily charts, thus indicators remain flat and attached to center line. 20 SMA along with 200 EMA under current price both in daily and 4 hours charts suggest downside will remain limited still.
.
USD/JPY
USD/JPY eyes resistance at 96.50; Oil targets $70.00 by TradeTheNews.com
Japanese Yen has continued to retreat as the pair once again challenges its 200−day SMA at 95.11, eyes resistance at 96.50. Oil gains upside momentum, targets $70.00 handle
EUR/USD
Euro Dollar Daily Chart by Master the Markets
The euro vs dollar continues to trade sideways at this level, with Friday completing the full house of five straight days of indecision.
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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 28 | 14:00 | Consumer Confidence | - | 49.3 |
Friday Notes - We expect the index to underperform its peers by UniCredit Group
According to the daily Rasmussen survey, consumer confidence in July fell for the second straight month. Moreover, as the Conference Board's index puts more weight on the labor market and the households' income situation than virtually any other consumer survey, we expect the index to underperform its peers, which benefited in the last two weeks from lower gas prices and the temporary stock market rally.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 27 | 14:00 | New Home Sales (MoM) | 11.0% | 2.3% | -0.6% |
| Jul 27 | 14:00 | New Home Sales | 384K | 350K | 342K |
US New Home Sales up 11% to 384K in Jun (FXstreet.com)
[ Full Story ]- New Home Sales at US Census Bureau
- CURRENCIES: Dollar Stays Down After New−home Sales Jump (Dow Jones)
- DATA SNAP: US New−Home Sales Rise Above Expected In Jun (Dow Jones)
- U.S New home sales soar in Jun; EUR/USD and USD/JPY buoyed (FXstreet.com)
Friday Notes - In June, sales likely pulled back somewhat by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 27 | 14:00 | US | New Home Sales | 384K | 350K | 342K |
| 14:00 | US | New Home Sales (MoM) | 11.0% | 2.3% | -0.6% | |
| 22:00 | US | Fed's Bernanke Speech | ||||
| 22:45 | NZ | Trade Balance | 858M | |||
| Jul 28 | 00:00 | AU | Conference Board Australia Leading Index (May) | 0.7% | ||
| 01:30 | AU | National Australia Bank's Business Confidence(QoQ) (2Q) | -24 | |||
| 03:00 | AU | RBA's Governor Glenn Stevens Speech | ||||
Educational Resources
One certainty in trading is that losses will occur. Sam Seiden looks at effective ways to manage the risk in trading to enjoy a long and successful career. Read the article!
Other articles of The Trader's Journal
A view from the top and the bottom by Don Dawson
Faith−Based Economics by John Mauldin
If you can't spot it, don't trade it by Gabe Velazquez