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Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jul 9, 17:00 GMT
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Type of Session: Webinar
Short term Forex Trading Strategies, Breakouts and Reversals − Free Access Day
Expert: Sam Seiden
Start: Thu, Jul 10, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 9, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jul 10, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Jul 10, 12:00 GMT | US Pre−Market Open − Free Access Day | Ed Ponsi | WBN |  |
| Thu, Jul 10, 12:30 GMT | Diversification in the Forex − Free Access Day | John Jagerson | WBN | |
| Thu, Jul 10, 13:30 GMT | US Session Open − Free Access Day | Ed Ponsi | WBN | |
Current Session: U.S.
USD/CAD
Mid−Day Forex Technical Report − Canadian Dollar Surges in Otherwise Range Bound Markets by ActionForex.com
USD/CAD's sharp fall today and break of 1.0140 support indicates that rise from 1.0048 has not resumed yet. Also, it revive the case that correction from 1.0322 is probably still in progress. Intraday bias is now mildly on the downside for 61.8% retracement of 0.9818 to 1.0322 at 1.0011 as long as 1.0131 minor resistance holds. Though, downside is still expected to be contained well above 0.9957 resistance turned support and bring rally resumption.
- The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Longer−term Support and Resistance Trading: Setups and Rules Rob Booker, Founder and Host TraderRadio.net
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Daily Market Report: Forex − The Dollar fell against the Euro today as oil prices rebounded on news of Iran missile testing by ICICI Bank
Chart of the Day − USD/JPY by FX Solutions
Daily Outlook − GBP/USD daily by Karoll
Banks' Analysis
Technical Analysis: Currencies − EUR/PLN by Mizuho Corporate Bank
FX Analysts' Comments
America wakes up by Valeria Bednarik, Analyst at MolFX − Management
Session start stop hunt is seen ... by Dr. S. Sivaraman, of i−knowindices.com
Currencies at a Glance
- EUR/USD
- Trades around first resistant level 1.5727
07/09/2008 15:36 GMT - GBP/USD
- Moves up above first resistant level 1.9771
07/09/2008 15:36 GMT - USD/CHF
- Continues to trade around pivot level 1.0300
07/09/2008 15:37 GMT - USD/JPY
- Trades around pivot level 107.09
07/09/2008 15:37 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jul 10 | 11:00 | BoE Interest Rate Decision | 5% | 5% |
Friday Notes - We expect the BoE to leave the repo rate on hold in July by HVB Group
We expect the BoE to leave the repo rate on hold in July. Despite growing signals that growth is bound to decelerate sharply in coming months, the inflation outlook is darkening. This will force the BoE to remain on hold for a while, trying to anchor inflation expectations and prevent second round effects on wages. Still, we remain convinced that the next BoE move will be a cut, with the easing being resumed early next year.
[ Full Story ]Top Market Movers Review
Canada HOUSING STARTS S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 9 | 12:15 | Housing Starts s.a (YoY) | 217.8K | 217.5K | 227.7K |
Canadian housing starts decline in June (FXstreet.com)
Housing starts have declined in June in Canada, as expected, although the level remains high, according to the latest figures released by the Canadian Mortgage and Housing Corporation.
[ Full Story ]- Read Housing Starts Remain High in June Despite Decrease at CMHC
- USD/CAD: The Dollar tumbles (FXstreet.com)
- Canada Morning: C$ Higher As Oil Firms, USD Declines (Dow Jones)
- Canadian Housing Starts decline 4.3% to 217.8K in Jun (FXstreet.com)
Mid−Day Forex Technical Report − Canadian Dollar Surges in Otherwise Range Bound Markets by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 9 | 12:15 | CA | Housing Starts s.a (YoY) (Jun) | 217.8K | 217.5K | 227.7K |
| 14:35 | US | EIA Crude Oil Stocks change (Jul 5) | -5.9M | -2.1 | -2.0M | |
| 23:50 | JP | Adjusted Current Account (May) | ¥2052.6B | ¥1510.7B | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Jun) | 0.6% | 1.1% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Jun) | 5.3% | 4.7% | ||
| 23:50 | JP | Trade Balance − BOP Basis (May) | ¥487.0 | ¥634.7B | ||
| Jul 10 | 00:00 | NZ | Business NZ PMI (Jun) | 49.3 | ||