Wednesday, Jul 29, 16:04 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
The Advisor Blog: Gbp/Usd technical perspective by Valeria Bednarik
Risk sentiment took a bit of a knock last night as US consumer confidence disappointed for the second straight month, pouring some cold water on the imminent recovery theory.
FX Market Readings: EURO and GBP swing near low to rise by Dr. S. Sivaraman
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jul 29, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Wed, Jul 29, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 29, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Jul 29, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Wed, Jul 29, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Thu, Jul 30, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Thu, Jul 30, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
Current Session: U.S.
Strong recovery after failing to break the 20 SMA in the daily
FXstreet.com Independent Analyst Team − Strong recovery after failing to break the 20 SMA in the daily, pair is again above key 1.6415 turning pretty bullish in the hourly for next hours. Stocks will be key on sentiment across the board, and Gbp strength could dilute in a strong stocks retrace. Technically, 1.6480 area is first strong resistance level for the pair, and above it 1.6550 is the maximum upside target pair could accomplish in the next hours.
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EUR/USD
The cross appears as if it could trade down towards 1.38 by The Overnight Express
Breaking Lower. EUR/USD (1.4137) failed – again – yesterday at 1.43 and has also broken below the uptrend in place since early−July. The cross appears as if it could trade down towards 1.38
EUR/USD
Euro begins slide toward 1.3800 by TradeTheNews.com
Euro bulls failed in their attempt to test offers around the June monthly pivot high at 1.4340 and once again retreated lower. With price action centered around key support below the 1.4100 figure, a level defended...
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 INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 30 | 12:30 | Continuing Jobless Claims | - | 6225K |
| Jul 30 | 12:30 | Initial Jobless Claims | - | 554K |
Friday Notes - Our view is that initial claims peaked in early May and are trending lower since by UniCredit Group
In the week ending July 24, the support from seasonal factors, which in the previous three weeks were looking for sizeable layoffs in the car industry, completely vanished. This week's report therefore will provide again an unbiased picture of the labor market situation. Our view is that initial claims peaked in early May and are trending lower since. But while separations are gradually declining, hirings are pointing south as well.
[ Full Story ]Top Market Movers Review
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 29 | 12:30 | Durable Goods Orders ex Transportation | -0.7% | - | 1.1% |
| Jul 29 | 12:30 | Durable Goods Orders | -2.5% | -1.7% | 1.3% |
DATA SNAP: US Jun Durable Goods Down Below Expectations (Dow Jones)
[ Full Story ]- Read the official data at US Census Bureau
- CORRECT:=DATA SNAP: US Jun Durable Goods Down Below Expectations (Dow Jones)
- Forex: GBP/USD: Pound returns above 1.6400 after post−Durable Goods slide (FXstreet.com)
- U.S. Durable goods orders tumble beyond expectations; Dollar rises (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 29 | n/a | DE | Consumer Price Index (YoY)  | -0.6% | 0.1% | |
| 14:30 | US | EIA Crude Oil Stocks change | 5.1M | -1.8M | ||
| 18:00 | US | Fed's Beige Book | ||||
| 23:50 | JP | Industrial Production (MoM) | 5.7% | |||
| 23:50 | JP | Industrial Production (YoY) | -29.5% | |||
| Jul 30 | 01:30 | AU | Building Permits (MoM) | -12.5% | ||
| 01:30 | AU | Building Permits (YoY) | -22.4% | |||
Educational Resources
Trading with Ichimoku Kinko Hyo
The Ichimoku Kinko Hyo Technical Indicator is predefined to characterize the market Trend, Support and Resistance Levels, and to generate signals of buying and selling. Remember this indicator works best on weekly and daily charts, so it's better for long term analysis. Read the article!
Related Resources
Read the report Currency Trading with Ichimoku KinkouâHyo by Cornelius Luca
Check the book Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds by Nicole Elliott
Webinar - The Weather Report: Ichimoku Cloud Trading with Chris Capre on Aug 4 at 14:00 GMT Register now!