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Weekly Markets opening LIVE

Start the week with Valeria Bednarik's thoughts and trading ideas for the upcoming days. This week: Could EUR resume its bullish trend? - August, 1 22:00 GMT

not implemented yet!!!

Most Popular content

Forex: EUR/USD pulls back below 1.3000 by FXstreet.com
Fri, Jul 30 2010, 10:35 GMT

Forex: GBP/USD run extends to 1.5720 by FXstreet.com
Fri, Jul 30 2010, 16:10 GMT

Forex: EUR/USD well bid at 1.3000 psychological area - Mizuho by FXstreet.com
Thu, Jul 29 2010, 07:15 GMT

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Education 

Experts' Suggestions for Holiday Time

We've asked some of our contributors how they recommend to trade in August if you're not away on vacation... and what to do if you're going to leave for holidays and how to trade upon your return.
They also give us their book recommendation for the summer as well as their forecast for the rest of the year.

[ Read our Summer Special ]

Featured

James Chen's recommendations

John Jagerson's recommendations

Rob Booker's recommendations

Ed Ponsi's recommendations

Wayne McDonell's recommendations

Valeria Bednarik's recommendations

Gonçalo Moreira's recommendations

Exclusive Currencies Forecast 

Ed Ponsi's Majors Currencies Forecast for Q3 and Q4 2010

EUR/USD: I expect the pair to trade in a range between 1.20 and 1.35 for the next six months, finishing the year near 1.27.
GBP/USD: Look for this pair to grind its way higher to finish the year above 1.6000.
USD/CHF: Look for a rate hike from the central bank in the fall, as the SNB's concern shifts from deflation to inflation. My year−end target for USDCHF is 1.0000.
USD/JPY: Political uncertainty will continue to weigh heavily, making life interesting for Yen traders. My year−end target for USDJPY is 90.00.

[ Read Full Forecast ]

The week ahead 

Diverging labor market trends

UniCredit Group − It is primarily the weak labor market that is causing Americans to worry and fueling the fear of a double−dip recession. 8½ million people lost their job during the "Great Recession". And a growing population means a further 2½ million entered the labor market.

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The appetite for risk waned across the financial markets by CME Group

The appetite for risk waned across the financial markets, in line with expectations. Most of the European and commodity currencies turned down in Europe, while the yen remained in demand. Only the Swiss franc and the Canadian dollar are opening a tad higher in the US.

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METATRADER 

Average Directional Movement Index (ADX)

FXstreet.com − To use ADX to forecast we have a first basic principle: the higher the indicator value, the stronger the trend. Yet at the same time extreme readings will anticipate high probabilities of a trend change, and on the other hand, the lower the indicator value, the more weak is the actual trend. Or we are seeing a sideways market, so we must discard any signals coming from it.

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Detrended Price Oscillator: Up & Down

FXstreet.com − Though it's a very simple indicator it can help to identify market tops and bottoms. Its main disadvantage is in the way it calculates the difference, as probably better results could be obtained by measuring, for example, percentage difference. Also it's difficult to determine extreme levels in this indicator, so it's advisable to study its past behaviour in order to find reference levels.

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Live Sessions 

Next Session

Dr. S. Sivaraman

Asian Session: Live Market Analysis
Expert: Dr. S. Sivaraman
Start: Mon, Aug 2 2010, 05:00 GMT


 
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Real-time Economic Calendar 


GMTCountryEventActualCons.Previous
Aug 123:30AU AiG Performance of Mfg Index (Jul) 52.9
23:50JP Official Reserve Assets (Jun) 1050.2B
Aug 200:00AU August Bank Holiday 
00:30AU TD Securities Inflation (MoM) (Jul) 0.3%
00:30AU TD Securities Inflation (YoY) (Jul) 3.5%
n/aAU HIA New Home Sales (MoM) (Jun) -6.4%
01:30JP Labor Cash Earnings (YoY) (Jun) -0.2%
03:00NZ ANZ Commodity Price (Jul) -1.2
05:00JP Vehicle Sales (YoY) (Jul) 20.6%
07:15CH Adjusted Real Retail Sales (YoY) (Jun) 4.1%3.8%
07:30CH SVME - Purchasing Managers' Index (Jul) 64.665.7
07:55DE Purchasing Manager Index Manufacturing (Jul) 58.4
08:00EMUPurchasing Manager Index Manufacturing (Jul) 56.555.6
Automatically updated and more features inside [ View full calendar ]
World Interest Rates
United States US : 0.25%European Monetary Union EMU: 1%United Kingdom UK : 0.5%Japan JP : 0.1%Switzerland CH : 0.25%Canada CA : 0.75%Australia AU : 4.5%New Zealand NZ : 3%

Research 

New Contributors on FXstreet.com

Commodities are mixed in today trading session by Pivotfarm
Fri, Jul 30 2010, 13:46 GMT

The S&P 500 fell 0.5 percent to 1,096.75 at 4:30 p.m. in New York by Amplify Trading
Fri, Jul 30 2010, 11:16 GMT

GBP/USD Intraday by Amplify Trading
Fri, Jul 30 2010, 06:11 GMT

U.S. Dollar Forecast To Fall Further Against Euro, British Pound, and Japanese Yen by DailyFX
Thu, Jul 29 2010, 18:15 GMT

USDJPY is struggling in a battle between both market forces by 4X EagleEye
Thu, Jul 29 2010, 15:01 GMT

The Experts' Recommendations for Holiday Time by FXstreet.com
Thu, Jul 29 2010, 14:05 GMT

Latest Updated Reports

What I See in FX Market by ProAct Traders
Sat, Jul 31 2010, 17:54 GMT

T-Bonds and Gold Signal Impending Stock Market Break by ForexHound.com
Sat, Jul 31 2010, 05:22 GMT

Weak Outlook for U.S. Economy Pressure Dollar by ForexHound.com
Sat, Jul 31 2010, 05:02 GMT

Weakness Stays With Greenback; Yen Might Start Sliding as well by CMS Forex
Fri, Jul 30 2010, 21:59 GMT

US GDP and a Preview of Next Week's US Releases by CMS Forex
Fri, Jul 30 2010, 21:57 GMT

Comprehensive FX and Futures Daily Commentary by FastBrokersFX
Fri, Jul 30 2010, 20:31 GMT

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