Friday, Jul 31, 14:51 GMT
ASIA-PACIFIC Trading Newsletter
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- WEBINAR VIDEOS: Bollinger Bands and RSI with Valeria Bednarik
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- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: And there goes optimism by Valeria Bednarik
EUR/USD reached 1.4100 support, and GBP/USD is struggling with 1.6500. Let's see if rally could extend under this points. 2Q GDP fell 1.0% in the first estimate, while economists expected a 1.5% decrease.
FX Bootcamp: FOREX VIDEO - London Session Review - July 31 2009 by Christian Stephens
The disciplined trader: EUR/USD moved off bottom trendline - Diagonal on track by Pierre Charlebois
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Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Aug 3, 05:00 GMT
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Aug 3, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jul 31, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Aug 3, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Aug 3, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Aug 3, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Aug 3, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
Pair regains the downside with sentiment flipping to negative
Informa Global Markets − After reaching the 50%retracement of last down leg form 1.4300, pair regains the downside with sentiment flipping to negative after GDP release. Current candle under 38.2% of the rally, with indicators suggesting further falls. 20 SMA at 1.4100 static support zone, should be broken to see the pair gain bearish momentum in the next hours. Bigger time frames also look bearish; a retest of the 1.4000 seems likely once 1.4050 is cleared.
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GBP/USD
GBPUSD:Eyes The 1.6584 Level & Beyond by FXTechstrategy
Having wiped out most of its two−day gains initiated off the 1.6555 level on Thursday, the 1.6584 level where its July 23'09 high is located is now being targeted.
GBP/JPY
GBP/JPY continues to bounce in a broad 146.76−162.55 by ForexYard
GBP/JPY continues to bounce in a broad 146.76−162.55 range as the price action remains volatile. As range trading conditions persist, a failure by sterling longs to gain momentum above the 158.50 handle...
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 PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Aug 3 | 08:30 | Purchasing Manager Index Manufacturing | - | 47 |
Friday Notes - We expect a further moderate improvement for July by UniCredit Group
The PMIs have recorded a sizeable increase since May, with services' moving back above the 50 threshold for the first time in nearly a year. Yet, the negative services performance in 2Q (−0.6% qoq), as flagged in national account data, suggests that surveys' predictive power remains impaired. Still, we expect a further moderate improvement in both surveys for July.
[ Full Story ]Top Market Movers Review
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 31 | 12:30 | Gross Domestic Purchases Price Index | 0.7% | - | -1.4% |
| Jul 31 | 12:30 | Gross Domestic Product Annualized | -1.0% | -1.4% | -6.4% |
| Jul 31 | 12:30 | Real Personal Consumption Expenditures (QoQ) | -1.2% | - | -4.3% |
DATA SNAP: US Economy 2Q Falls Much Less Than Expected (Dow Jones)
[ Full Story ]- Read the GDP data at US Bureau of Economic Analysis
- U.S. markets, with slight advances; Dollar, down after post−GDP rally (FXstreet.com)
- CURRENCIES: Dollar Slides After GDP Report (Dow Jones)
- Forex: EUR/USD: Euro drops to test 1.4100 after GDP (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 31 | 12:30 | US | Gross Domestic Purchases Price Index (2Q) | 0.7% | -1.4% |
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| 13:45 | US | Chicago Purchasing Managers' Index (Jul) | 43.4 | 39.9 | ||
| Aug 3 | 01:30 | AU | ANZ Job Advertisements (Jul) | -6.7% | ||
| 01:30 | JP | Labor Cash Earnings (YoY) (Jun) | -2.5% |
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| 06:00 | DE | Retail Sales (MoM) (Jun) | -1.3% |
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| 06:00 | DE | Retail Sales (YoY) (Jun) | -2.9% | |||
| 07:30 | CH | SVME − Purchasing Managers' Index (Jul) | 41.8 | |||
Educational Resources
What is the purpose of the foreign exchange market?, or any trading market for that matter? It seems like a simple question with a simple answer. But this is in reality a world of complexity. Read Joseph Trevisani's article!
Previous Market and Trader Psychology article
The Psychological Utility of Technical Analysis by Joseph Trevisani