Thursday, Aug 13, 15:53 GMT
ASIA-PACIFIC Trading Newsletter
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The Advisor Blog: Eur and Gbp technical perspective by Valeria Bednarik
Here is the hourly perspective for both crosses. No doubts, uncertainty rules after the worst than expected U.S. data. Stocks are fighting to remain in positive territory. If hold, both crosses will likely regain teh upside; if not, expect some downside strong corrections.
FXBootcamp: FOREX VIDEO - London Session Review by Christian Stephens
FX Market Readings: Holding high by Dr.S.Sivaraman
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Aug 13, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Aug 13, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 13, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Aug 13, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Fri, Aug 14, 05:00 GMT | Asia−Pacific Trading Webinar | Abdul Khan | WBN | |
| Fri, Aug 14, 09:00 GMT | Trading the Harmonic patterns  | Sunil Mangwani | WBN |  |
| Fri, Aug 14, 10:00 GMT | Live Forex Swing Trading Analysis with Supply and Demand | Sam Seiden | WBN | |
Current Session: U.S.
Strong risk appetite send the pair to test 1.4320 area
FXstreet.com Independent Analyst Team − Strong risk appetite send the pair to test 1.4320 area, yet negative U.S. reports halted the rally, sending U.S. futures quickly down and pair back to 1.4280. Technically, pair remains bullish thus overbought in the hourly, suggesting a probable continuation to the 1.4360 area later in the day. Corrective movements should remain capped at the 1.4270/80 mentioned level; if above, 1.4240 will be key.
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GBP/USD
Upside assured on a daily close above 1.6560 by ACM − Advanced Currency Markets
Seemingly the short term direction is returning to the upside, and will be assured with today's closing above 1.6560 level. The main upside targets over the short term are currently around 1.7000
USD/JPY
Forex: USD/JPY: Dollar drops to 95.30 low, pares gains by FXstreet.com
Dollar recovery from August 12 low at 95.10 was capped at 96.50 high on European session, and the Dollar dropped more than 100 pips on the U.S. session so far to hit 95.30 giving away all the ground taken on previous rally
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 14 | 09:00 | Consumer Price Index (YoY) | - | -0.1% |
| Aug 14 | 09:00 | Consumer Price Index (MoM) | -0.6% | 0.2% |
EMU economic indicators - CPI likely to be confirmed at −0.6 by BHF−Bank
Final HICP inflation in the eurozone is likely to be confirmed at –0.6 % yoy in July; this would correspond with a monthly inflation rate of –0.6%. But both rates could well turn out to be slightly lower still. Year−on−year inflation is expected to remain in negative territory until autumn.
[ Full Story ]Top Market Movers Review
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 13 | 12:30 | Retail Sales (MoM) | -0.1% | -0.3% | 0.8% |
| Aug 13 | 12:30 | Retail Sales ex Autos (MoM) | -0.6% | 0.1% | 0.5% |
DATA SNAP: US Jul Retail Sales Fall Unexpectedly (Dow Jones)
[ Full Story ]- Forex: USD/JPY: Dollar drops below 95.80 intra−day low after retail sales data (FXstreet.com)
- U.S. Retail sales, down unexpectedly in July; Euro and Pound drop (FXstreet.com)
- US Jul Retail Sales down 0.1% (FXstreet.com)
Top Fundamental Stories - Retail Sales Drop Unexpectedly as Income Drop and Unemployment Remains Elevated! by ecPulse.com
Top Fundamental Stories - The world's largest economy is undoubtedly enhancing… by ecPulse.com
US economic indicators - Retail sales (Jul): rising because of vehicle sales by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 13 | 12:30 | US | Import Price Index (YoY) (Jul) | -19.3% | -19.0% | -17.7% |
| 14:00 | US | Business Inventories (Jun) | -1.1% | -0.9% | -1.2% |
|
| 22:45 | NZ | Retail Sales (MoM) (Jun) | -0.3% | 0.8% | ||
| 22:45 | NZ | Retail Sales ex Autos (MoM) (Jun) | -0.5% | 1.6% | ||
| 23:50 | JP | Tertiary Industry Index (MoM) (Jun) | -0.3% | -0.1% | ||
| Aug 14 | 09:00 | EMU | Consumer Price Index (MoM) | -0.6% | 0.2% | |
| 09:00 | EMU | Consumer Price Index (YoY) | -0.1% | |||
Straight Answers to Most Frequently Asked Questions
Getting the right answers in an industry that is fraught with misleading information can be a daunting task for the new market speculator so Sam Seiden will do his best to give you the straight answer to some of the most frequently asked questions. Read the article!