30 June 2008

ASIA-PACIFIC Trading Newsletter - Jun 30, 2008

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Monday, Jun 30, 16:02 GMT

ASIA-PACIFIC Trading Newsletter

The Forex Game: Win a Sony Vaio

The Dollar is bearish, but the Duellar is bullish. Play on real charts: Challenge fellow traders, snatch their duellars and win a SONY VAIO!

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Live Sessions Schedule

Ian CopseyOutlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jul 1, 08:00 GMT

Type of Session: Webinar


Dan BlystoneDan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Tue, Jul 1, 12:30 GMT

Type of Session: Webinar


Sponsored by
Mon, Jun 30, 16:00 GMTWeekly Webinar: 1st on Forex − The Week AheadJerry FurstWBNSponsored by Investors Education Network
Tue, Jul 1, 08:00 GMTOutlook for the major currencies this weekIan CopseyWBNSponsored by
Tue, Jul 1, 11:00 GMTFX Instructor Live Trading Room Mark De La PazWBNSponsored by FX Instructor
Tue, Jul 1, 12:30 GMTDan Blystone's Daily BriefingDan BlystoneWBNSponsored by
Tue, Jul 1, 14:00 GMTThe Weather Report: Ichimoku Cloud TradingChris CapreWBNSponsored by
[ View All ]

Current Session: U.S.

EUR/USD

Mid−Day Forex Technical Report − Dollar Remains Pressured as Oil Breaks $143 by ActionForex.com

EUR/USD retreats mildly after reaching as high as 1.5836 earlier today. Nevertheless, intraday bias remains on the upside as long as 1.5718 minor support holds. Further rally is expected to test 1.5843 resistance. Note that at this moment, it's uncertain what form of pattern will the consolidation from 1.6019 eventually develop into.

[ Full Story ]

Other Topics for this Session:

Currency Technical Report − Long−term EUR/USD view by FXGreece

Currency Majors Technical Analysis − Currency Majors Technical Analysis by Mataf.net

FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service

Currency Performance

Currency Performance Report − Europe Session Performance by FXstreet.com

FX Analysts' Comments

USD/JPY hourly chart by Valeria Bednarik, Analyst at MolFX − Management

Giant Darth Vader Head Invades Iowa. GBP/USD Drops by Rob Booker, Currency Trader

Currencies at a Glance

EUR/USD
Continues to move down below first support level 1.5742
06/30/2008 15:33 GMT
GBP/USD
Moves down back below pivot level 1.9901
06/30/2008 15:33 GMT
USD/CHF
Continues to move up above pivot level 1.0205
06/30/2008 15:34 GMT
USD/JPY
Moves up back around opening price level 106.18 , below pivot level 106.41
06/30/2008 15:34 GMT

Analyst Sentiment Index (ASI)

Analysts Sentiment Index - EUR/USD


EUR

**Source : ActionForex.comCMS ForexDanske Bank A/SFXstreet.comGlobal Forex TradingMizuho Corporate Bank

[ View ASI page ] [ View EUR/USD page ]

Charting the Market Movers

GBP USD, Hourly


GBP/USD

EUR USD, Hourly


EUR/USD

Top Market Movers Preview

Japan TANKAN LARGE ALL INDUSTRY CAPEX

Date (GMT)EventCons.Previous
Jun 3023:50Tankan Large Manufacturing Outlook27
Jun 3023:50Tankan Non − Manufacturing Outlook713
Jun 3023:50Tankan Large Manufacturing Index311
Jun 3023:50Tankan Non − Manufacturing Index212
Jun 3023:50Tankan Large All Industry Capex2.0%-1.6%

Japanese govt bonds close slightly higher on weak stocks, ahead of Tankan (Thomson Financial News)

Japanese government bond prices closed slightly higher on Monday following losses in the stock market and as investors waited for the outcome of the Bank of Japan's Tankan quarterly business sentiment survey due out on Tuesday.

[ Full Story ]

Top Market Movers Review

US CHICAGO PURCHASING MANAGERS' INDEX

Date (GMT)EventActualCons.Previous
Jun 3013:45Chicago Purchasing Managers' Index49.648.449.1

US Chicago June purchasers index rises to 49.6 vs 48.0 expected (Thomson Financial News)

Business activity in the US midwest increased unexpectedly in June, but remained in contraction territory for the fifth straight month. The National Association of Purchasing Management−Chicago business index rose to 49.6, up from the 49.1 reading in May.

[ Full Story ]

Canada GROSS DOMESTIC PRODUCT

Date (GMT)EventActualCons.Previous
Jun 3012:30Gross Domestic Product (MoM)0.4%0.3%-0.2%

Canadian GDP bounces up in April (FXstreet.com)

Real Gross Domestic product has bounced up in April reversing losses posted in March, thanks to increases in manufacturing, wholesale and retail trade, according to data released by Statistics Canada. GDP posted a 0.4% increase in April, following two consecutive months of declines.

[ Full Story ]

Economic Events

Date (GMT)CountryEventActualCons.Previous
Jun 3012:30CA Gross Domestic Product (MoM) (Apr) 0.4%0.3%-0.2%
13:45US Chicago Purchasing Managers' Index (Jun) 49.648.449.1
23:50JP Tankan Large All Industry Capex (2Q) 2.0%-1.6%
23:50JP Tankan Large Manufacturing Index (2Q) 311
23:50JP Tankan Large Manufacturing Outlook (2Q) 27
23:50JP Tankan Non − Manufacturing Index 212
23:50JP Tankan Non − Manufacturing Outlook (2Q) 713
[ View All ]
Before printing please ensure that it is absolutely necessary. Remember the environment is for all of us!
Valid XHTML 1.0 StrictFXstreet.com Newsletter does not constitute a solicitation for the purpose of buying or selling in the foreign exchange market. Although the information contained in FXstreet.com Newsletter comes from trusted sources, FXstreet.com is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources. © 2008 \"FXstreet.com. The Forex Market\" All Rights Reserved.Click here to unsubscribe

U.S. Trading Newsletter - Jun 30, 2008

FXstreet.com Logo
Monday, Jun 30, 11:20 GMT

U.S. Trading Newsletter

The Forex Game: Win a Sony Vaio

The Dollar is bearish, but the Duellar is bullish. Play on real charts: Challenge fellow traders, snatch their duellars and win a SONY VAIO!

Sponsored by:

To Get Started


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.

Live Sessions Schedule

Derek FreyDerek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 30, 14:00 GMT
Sponsored by: Odom & Frey Futures, FOREX & Options
Type of Session: Webinar


Jerry FurstWeekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jun 30, 16:00 GMT
Sponsored by: Investors Education Network
Type of Session: Webinar


Sponsored by
Mon, Jun 30, 14:00 GMTDerek Frey's OutlookDerek FreyWBNSponsored by Odom & Frey Futures, FOREX & Options
Mon, Jun 30, 15:00 GMTAdvanced Methods for Finding Dominant Trends in Forex Markets Mark WhistlerWBNSponsored by
Mon, Jun 30, 16:00 GMTWeekly Webinar: 1st on Forex − The Week AheadJerry FurstWBNSponsored by Investors Education Network
Tue, Jul 1, 08:00 GMTOutlook for the major currencies this weekIan CopseyWBNSponsored by
[ View All ]

Current Session: Europe − U.S.

EUR/USD

Daily Trading Forecast − Greenback Suffers a Double Punch by Swiss e Trade AG

The EUR / USD appreciated again in Asian and early European trading and is testing its long−term resistance point at 1.5850. The pair is currently trading at 1.5820. Due to the significant overbought situation right now, we don't think resistance will be broken today, if at all. No specific forecast.


[ Full Story ]

Other Topics for this Session:

Currency Technical Report − Currency Technical Report by FXGreece

Daily Forex News − Forex − Dollar fell to 3−week low as Oil surged to record high by ACM − Advanced Currency Markets

Dynamic Carry Basket − A Sharp Drop In Risk Appetite Cuts A Possible Carry Trade Breakout Short by FXCM

Currency Performance

Action Bias Summary Table − Action Bias Summary Table by ActionForex.com

FX Analysts' Comments

Majors Update by Valeria Bednarik, Analyst at MolFX − Management

Drop in USD/YEN before the big rise... by Dr. S. Sivaraman, of i−knowindices.com

FX' Signal

Weekly Forex Signals − Emergence of yen could weaken the greenback by Finotec Group Inc.

Majors at a Glance

EUR/USD
Trades around opening price level 1.5781 , above pivot level 1.5766
06/30/2008 10:04 GMT
GBP/USD
Trades around opening price level 1.9948 , above pivot level 1.9901
06/30/2008 10:13 GMT
USD/CHF
Trades around opening price level 1.0185 , below pivot level 1.0205
06/30/2008 10:14 GMT
USD/JPY
Moves down below first support level 105.60
06/30/2008 10:18 GMT

Analyst Sentiment Index (ASI)

Analysts Sentiment Index - EUR/USD


EUR

**Source : ActionForex.comCMS ForexDanske Bank A/SFXstreet.comGlobal Forex TradingMizuho Corporate Bank

[ View ASI page ] [ View EUR/USD page ]

Charting the Market Movers

EUR USD, Hourly


EUR/USD

GBP USD, Hourly


GBP/USD

Top Market Movers Preview

Japan TANKAN LARGE ALL INDUSTRY CAPEX

Date (GMT)EventCons.Previous
Jun 3023:50Tankan Large Manufacturing Outlook27
Jun 3023:50Tankan Non − Manufacturing Outlook713
Jun 3023:50Tankan Large Manufacturing Index311
Jun 3023:50Tankan Non − Manufacturing Index212
Jun 3023:50Tankan Large All Industry Capex2.0%-1.6%

Japanese govt bonds close slightly higher on weak stocks, ahead of Tankan (Thomson Financial News)

Japanese government bond prices closed slightly higher on Monday following losses in the stock market and as investors waited for the outcome of the Bank of Japan's Tankan quarterly business sentiment survey due out on Tuesday.

[ Full Story ]

Top Market Movers Review

EMU CONSUMER PRICE INDEX

Date (GMT)EventActualCons.Previous
Jun 3009:00Consumer Price Index (YoY)4.0%3.9%3.7%

DATA SNAP: Euro−Zone June CPI Hits Record High Of +4.0% YY (Dow Jones)

Euro−zone consumer prices surged in June, hitting a new record high Monday and probably increasing the European Central Bank's hawkish bias ahead of its rate−setting meeting Thursday.

[ Full Story ]

Friday Notes - EMU CPI: Further acceleration ahead by HVB Group

UK M4 MONEY SUPPLY

Date (GMT)EventActualCons.Previous
Jun 3008:30M4 Money Supply (MoM)0.4%-0.5%
Jun 3008:30M4 Money Supply (YoY)10%-11%

UK final May M4 unrevised at 0.4 pct on the month, 10.0 pct on year − BoE (Thomson Financial News)

UK money supply growth eased further in May due to tighter credit conditions and an economic slowdown, the Bank of England revealed Monday. The final release of money growth data for May showed M4 −− a broad measure of money supply −− rose 0.4 percent on the month and 10.0 percent on the year, unrevised from the preliminary estimates.

[ Full Story ]

UK MORTGAGE APPROVALS

Date (GMT)EventActualCons.Previous
Jun 3008:30Mortgage Approvals42K51K58K

DATA SNAP: UK May Mtge Approvals Slump To 42,000 Record Low (Dow Jones)

U.K. mortgage approvals slumped in May, dropping more than a quarter to a fresh record low, while net mortgage lending fell to its weakest level in more than six years last month underlining the troubles in the U.K. housing market.

[ Full Story ]

Economic Events

Date (GMT)CountryEventActualCons.Previous
Jun 3008:30UK Index of Services (Apr) 0.3%0.3%0.5%
08:30UK M4 Money Supply (MoM) (May) 0.4%0.5%
08:30UK M4 Money Supply (YoY) (May) 10%11%
08:30UK M4 Sterling Lending (May) £4.8£28.8B
08:30UK Net Consumer Credit (May) 1.4B1.0B1.1B
09:00EMUConsumer Price Index (YoY) (Jun) Preliminary Release4.0%3.9%3.7%
12:30CA Gross Domestic Product (MoM) (Apr) 0.3%-0.2%
13:45US Chicago Purchasing Managers' Index (Jun) 48.449.1
23:50JP Tankan Large All Industry Capex (2Q) 2.0%-1.6%
23:50JP Tankan Large Manufacturing Index (2Q) 311
[ View All ]
Before printing please ensure that it is absolutely necessary. Remember the environment is for all of us!
Valid XHTML 1.0 StrictFXstreet.com Newsletter does not constitute a solicitation for the purpose of buying or selling in the foreign exchange market. Although the information contained in FXstreet.com Newsletter comes from trusted sources, FXstreet.com is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources. © 2008 \"FXstreet.com. The Forex Market\" All Rights Reserved.Click here to unsubscribe

EUROPEAN Trading Newsletter - Jun 30, 2008

FXstreet.com Logo
Monday, Jun 30, 08:03 GMT

EUROPEAN Trading Newsletter

To Get Started


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.

Live Sessions Schedule

Sunil MangwaniUnderstand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Jun 30, 10:00 GMT
Sponsored by: FibForex123
Type of Session: Webinar


Derek FreyDerek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 30, 14:00 GMT
Sponsored by: Odom & Frey Futures, FOREX & Options
Type of Session: Webinar


Sponsored by
Mon, Jun 30, 10:00 GMTUnderstand & Use Fibonacci Ratio's EffectivelySunil MangwaniWBNSponsored by FibForex123
Mon, Jun 30, 14:00 GMTDerek Frey's OutlookDerek FreyWBNSponsored by Odom & Frey Futures, FOREX & Options
Mon, Jun 30, 15:00 GMTAdvanced Methods for Finding Dominant Trends in Forex Markets Mark WhistlerWBNSponsored by
Mon, Jun 30, 16:00 GMTWeekly Webinar: 1st on Forex − The Week AheadJerry FurstWBNSponsored by Investors Education Network
[ View All ]

Current Session: Europe

USD/JPY

Daily Market Commentary − The dollar should remain under pressure today by Global Forex Trading

Dollar/yen sank aggressively, closing on Friday below the trendline rising since March 17. My model remains short, which is good, as a double top targeting 105.75 unfolded. Initial support is at 105.60 from a 50−point pivot that targets 105.10 and 106.10. Distant support is at 104.50 from another 50−point pivot, which targets 104.00 and 105.00. Immediate resistance is seen at 106.75 from another 50−point pivot, which targets 106.25 and 107.25.

[ Full Story ]

Other Topics for this Session:

Daily Forex Technical Report − Yen Extends Recovery, Dollar Soft by ActionForex.com

Technical Trader Closing Brief − Blue Chips Fall to New Multi−Week Pullback Lows by The Technical Trader

The Mid−Day Minute − S&P 500 Pointing Towards Test of Jan−March Support Line by MPTrader.com

Banks' Analysis

orex Trading Strategies − Busy, US−holiday shortened week ahead with US ISM, US Employment Report and ECB Rate Decision by Saxo Bank

Currency Performance

Currency Performance Report − Asia Session Performance by FXstreet.com

FX Analysts' Comments

Are You Surprised at the EUR/USD's Rise? by Rob Booker,

EURO and GBP expected to swing and slide ... by Dr. S. Sivaraman, of i−knowindices.com

Currencies at a Glance

EUR/USD
Trades around opening price level 1.5781 , above pivot level 1.5766
06/30/2008 06:57 GMT
GBP/USD
Trades around opening price level 1.9948 , above pivot level 1.9901
06/30/2008 06:57 GMT
USD/CHF
Trades around opening price level 1.0185 , below pivot level 1.0205
06/30/2008 06:58 GMT
USD/JPY
Moves down below first support level 105.60
06/30/2008 06:59 GMT

Analyst Sentiment Index (ASI)

Analysts Sentiment Index - EUR/USD


EUR

**Source : ActionForex.comCMS ForexDanske Bank A/SFXstreet.comGlobal Forex TradingMizuho Corporate Bank

[ View ASI page ] [ View EUR/USD page ]

Charting the Market Movers

USD JPY, Hourly


USD/JPY

GBP USD, Hourly


GBP/USD

Top Market Movers Preview

EMU CONSUMER PRICE INDEX

Date (GMT)EventCons.Previous
Jun 3009:00Consumer Price Index (YoY)3.9%3.7%

Friday Notes - EMU CPI: Further acceleration ahead by HVB Group

We see inflation accelerating further to 3.9% y−o−y in June. Upward pressure should still come from energy, as oil prices remain on a steadily rising trend. Strong non−core components will prevent any relief in headline inflation in the near term.

[ Full Story ]

Top Market Movers Review

Japan HOUSING STARTS

Date (GMT)EventActualCons.Previous
Jun 3005:00Housing Starts (YoY)-6.5%--8.7%
Jun 3005:00Annualized Housing Starts1.072M-1.151M

Japan May Housing Starts Down 6.5% On Year (Dow Jones)

Japan's housing starts fell 6.5% in May from a year earlier to 90,804 units, the Ministry of Land, Infrastructure and Transport said Monday. The result was worse than the 3.6% decline forecast by a Dow Jones and Nikkei poll of economists. That was the 11th straight month of declines. Housing starts fell 8.7% in April and dropped 15.6% in March.

[ Full Story ]

UK GFK CONSUMER CONFIDENCE

Date (GMT)EventActualCons.Previous
Jun 2923:01Gfk Consumer Confidence-34--29

DATA SNAP: UK Consumer Confidence Weakest Since March 1990 (Dow Jones)

U.K. consumers are feeling gloomier than they have for 18 years, indicating that consumer spending could slow sharply in the months ahead, a survey by polling firm GfK NOP showed Monday. The survey's headline measure of consumer confidence fell to −34 in June from −29 in May, its lowest level since March 1990, when the U.K. was in the grip of recession.

[ Full Story ]

Economic Events

Date (GMT)CountryEventActualCons.Previous
Jun 3003:00NZ Business Confidence (May) -38.7-49.7
05:00JP Annualized Housing Starts (May) 1.072M1.151M
05:00JP Construction Orders (YoY) (May) -25.2%-8.4%
05:00JP Housing Starts (YoY) (May) -6.5%-8.7%
08:30UK Index of Services (Apr) 0.3%0.5%
08:30UK M4 Money Supply (MoM) (May) 0.5%
08:30UK M4 Money Supply (YoY) (May) 11%
08:30UK M4 Sterling Lending (May) £28.8B
08:30UK Mortgage Approvals (May) 51K58K
08:30UK Net Consumer Credit (May) 1.00B0.94B
[ View All ]
Before printing please ensure that it is absolutely necessary. Remember the environment is for all of us!
Valid XHTML 1.0 StrictFXstreet.com Newsletter does not constitute a solicitation for the purpose of buying or selling in the foreign exchange market. Although the information contained in FXstreet.com Newsletter comes from trusted sources, FXstreet.com is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources. © 2008 \"FXstreet.com. The Forex Market\" All Rights Reserved.Click here to unsubscribe