Tuesday, Aug 11, 16:43 GMT
ASIA-PACIFIC Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
To Get Started
- WEBINAR VIDEOS: What is VWAP: How to Spot Institutions with Mark Whistler
- 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
The Advisor Weblog: Gbp/Usd testing 1.6500 by Valeria Bednarik
GBP/USD is again hovering around 1.6500 level, unable to regain the upside. Anbove it, daily high of 1.6520 needs to be clear to see the pair extending upside correction to next resistance level, 1.6550 zone, 20 SMA in the daily. Once above, a retest of 1.6600 seems likely thus roof of previous range since early June should keep further rises limited.
FX Path: FXstreet.com International Traders Conference 2009 by James Chen
The Disciplined Trader: EUR/USD droped as expected - Retrace time? by Pierre Charlebois
Sponsored by 
Live Sessions Schedule
Lagging and leading indicators, practical use and application
Expert: Lea Peters
Start: Tue, Aug 11, 19:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Tue, Aug 11, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 11, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Aug 11, 19:00 GMT | Lagging and leading indicators, practical use and application | Lea Peters | WBN |  |
| Tue, Aug 11, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Wed, Aug 12, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Wed, Aug 12, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
USD and JPY extend gains as stocks fall
Easy Forex − USD and JPY traded higher Tuesday supported by a spike in risk aversion and weaker equity markets as China's economic data disappoints. GBP was initially supported by report of better than expected UK house price balance and retail sales. EUR opened higher despite report of a sharp drop in German inflation and turned lower in US session tracking weaker equity market trade.
.
EUR/JPY
Chart of the Day – EUR/JPY by FX Solutions
After approaching resistance in the 139.00 price region, price action on EUR/JPY, a daily chart of which is shown, has respected that resistance zone by beginning a possible reversal of the short−term uptrend that has been in place since early July.
GBP/JPY
GBP/JPY heads lower as risk aversion sets in by TradeTheNews.com
Japanese Yen bulls pushed the cross lower after the price action stalled around the 163.00 figure, hitting a new pivot high and reversing direction after setting a double top formation on a daily chart.
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
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Aug 12 | 09:00 | Industrial Production s.a. (MoM) | 0.3% | 0.5% |
| Aug 12 | 09:00 | Industrial Production w.d.a. (YoY) | - | -17% |
EMU economic indicators - EMU industrial production (June): down slightly by BHF−Bank
French industrial production will probably have suffered a setback in June, after having soared unexpectedly in May. EMU industrial production might have declined slightly in June, as the corresponding national figures sent mixed signals.
[ Full Story ]Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 11 | 14:00 | Wholesale Inventories | -1.7% | -1.0% | -1.2% |
DATA SNAP: US Wholesalers In Jun Cut Inventories Deeply (Dow Jones)
U.S. wholesalers made a deep slash to inventories in June even as sales rose a second straight month, helping distributors clear away more of their excess supply.
[ Full Story ]- Read the Wholesale Invenories data at Census Bureau
- US Wholesale Inventories down 1.7% in Jun (FXstreet.com)
Top Fundamental Stories - Productivity Rises the Most in 6 Years, as Employers Continued to Reduce Workers in the Second Quarter by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 11 | 12:30 | US | Unit Labor Costs (2Q)  | -5.8% | -2.3% | -2.7% |
| 14:00 | US | Wholesale Inventories (Jun) | -1.7% | -1.0% | -1.2% |
|
| 21:00 | US | ABC/Washington Post Consumer Confidence (Aug 9) | -49 | |||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Jul) | 0.0% | -0.3% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Jul) | -8.7% | -6.6% | ||
| Aug 12 | 01:00 | AU | Westpac Consumer Confidence (Aug) | 9.3% | ||
| 01:30 | AU | Wage Price Index (QoQ) (2Q) | 0.8% | 0.8% | ||