Tuesday, Aug 04, 15:09 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- BoE and ECB Interest Rates decision Live Coverage: Thursday, at 10:45 GMT with Valeria Bednarik
- NFP Release Live Coverage: Friday, at 12:45 GMT with Nick Nasad
- WEBINAR VIDEOS: Chart reading basics with Adam Rosen
- Forex Tools renewed! Check out the brand new features: Margin Calculator and Carry Trade Calculator
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Technical perspective for majors by Valeria Bednarik
Eur/Usd today: Pair remains inside a small consolidation range, forming a small descendant channel in the hourly, small continuation flag. Fighting the 20 SMA in the hourly, that's capping the upside, indicators have turned slightly bullish.
Trading for a Living: The Asian channel at the European opening worked like a charm by David Aranzabal
The CEO's Blog: Open Letter to FX Pulp top executive… Is there any link between the firm and Crown Forex S.A? by Francesc Riverola
Sponsored by 
Live Sessions Schedule
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Aug 4, 16:00 GMT
Type of Session: Webinar
Trading news releases: the greed, the panic and the profit
Expert: Lea Peters
Start: Tue, Aug 4, 19:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 4, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN |  |
| Tue, Aug 4, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Aug 4, 19:00 GMT | Trading news releases: the greed, the panic and the profit | Lea Peters | WBN | |
| Tue, Aug 4, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Wed, Aug 5, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
Gbp is still the strongest currency across the board
FXstreet.com Independent Analyst Team −Gbp is still the strongest currency across the board, thus technically, charts point from downside correction as indicators seem exhausted both in 1 and 4 hours charts. 20 SMA in the hourly has lost the bullish slope and turned flat, but strong sentiment remains intact. Expect downside corrections to remain limited in the next session.
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EUR/USD
EUR has cleared the way for further price incursions towards the 1.4719 level by FXTechstrategy
Having decisively taken out its strong resistance at the 1.4339 level, its YTD high and the 1.4363 level, marking its Dec'08 high, EUR has now cleared the way for further price incursions towards the 1.4719 level.
USD/JPY
USD/JPY: Dollar above 95.00/10 resistance after U.S. housing data by FXstreet.com
The Dollar is picking up momentum on early U.S. session, and the pair, after dropping to 94.35 low has returned to trade above 95.00/10 resistance area, on the back of positive U.S housing data.
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 MANUFACTURING PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Aug 5 | 08:30 | Manufacturing Production (YoY) | -11.4% | -12.7% |
| Aug 5 | 08:30 | Manufacturing Production (MoM) | 0.0% | -0.5% |
Weekly Economic and Financial Commentary - More Evidence That the Recession is Ending by Wells Fargo Investments, LLC
Industrial production (IP) in the United Kingdom was hammered late last year and early this year as the global economy fell into a deep recession. There was hope in April when IP edged up a tenth of a percent, the first monthly increase since February 2008. But then things deteriorated further in May falling 0.6 percent.
[ Full Story ]Top Market Movers Review
US PERSONAL INCOME
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 4 | 12:30 | Personal Income (MoM) | -1.3% | - | 1.3% |
U.S. Personal income tumbles in June; Dollar, unaffected (FXstreet.com)
Personal income of U.S. citizens posted tin Jun its largest decline of the last four years; 1.3% down from May, the largest decline since the 2.3% in January 2005, offsetting the 1.3% revised increase posted in May.
[ Full Story ]- Read the oficial data at Bureau of Economic Analysis
- DATA SNAP: US Income Tumbles In June By Most In Four Yrs (Dow Jones)
- US Jun Core Personal Consumption Expenditure − Prices Index increases 0.2% in Jun; 1.5% on year (FXstreet.com)
- US Jun Personal Income declines 1.3% in Jun; Personal spending, 0.4% up (FXstreet.com)
The Week Ahead - Amid ongoing weakness in the job market by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 4 | 12:30 | US | Personal Consumption Expenditure Deflator (Jun) | -0.4% | -0.2% |
|
| 14:00 | US | Pending Home Sales (MoM) (Jun) | 3.6% | 0.6% | 0.1% | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Aug 2) | -47 | |||
| 23:01 | UK | BRC Shop Price Index (MoM) | 0.1% | |||
| 23:01 | UK | BRC Shop Price Index (YoY) | 0.7% | |||
| 23:01 | UK | Nationwide Consumer Confidence (Jul) | 59 | 58 | ||
| Aug 5 | 01:30 | AU | Trade Balance (Jul) | -556M | ||
Educational Resources
Video Forex trading program − Day 2
This EXCLUSIVE 30−day trading program from 4xlounge is a series of 30 short movies. It gives the student small trading assignments to do each day, practicing the strategies we teach on demo accounts, and is designed to generate interest in not only trading the forex market, but implementing the proper techniques. Check today's lesson: Day 2: The Technicals − RSI.
Previous lesson
Video Forex trading program - Day 1 by Adam Rosen