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Trading the Summer Months
Expert: Adam Rosen
Start: Wed, Jul 16, 12:00 GMT
Type of Session: Webinar
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| Tue, Jul 15, 16:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders  | Markus Heitkoetter | WBN |  |
| Tue, Jul 15, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Wed, Jul 16, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jul 16, 12:00 GMT | Trading the Summer Months | Adam Rosen | WBN | |
| Wed, Jul 16, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN |  |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − EUR/USD at New Record High, Yen Surges on Risk Aversion by ActionForex.com
EUR/USD surges to new record high of today and remains firm in early US session. Outlook remains unchanged. Further rally is still expected as long as 1.5841 support holds. Sustained trading above 1.6000/19 resistance zone will confirm that the medium term up trend has resumed and will target 100% projection of 1.5302 to 1.5908 from 1.5611 at 1.6217 first. On the downside, below 1.5841 will turn intraday outlook neutral first and bring consolidation. But further rally is still expected as long as 1.5611 support holds.
- The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Using fibonacci retracements to identify support and resistance by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Market Session Recaps − London Session by FOREX.com
Foreing Exchange − Euro: As outlined yesterday the belief was strong for a break of the 1.6018 all time high by Avantage Financial GMBH
Daily Forex Forecast by FXDream
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
EUR/USD Tuesday Morning (NY) Update by James Chen, Chief Technical Analyst, at FX Solutions
Spike time..... by Dr. S. Sivaraman, of i−knowindices.com
Currencies at a Glance
- EUR/USD
- Moves down back below pivot level 1.5907
07/15/2008 15:38 GMT - GBP/USD
- Moves down back below second resistant level 2.0060
07/15/2008 15:38 GMT - USD/CHF
- Trades around second support level 1.0066
07/15/2008 15:39 GMT - USD/JPY
- Trades below third support level 104.99
07/15/2008 15:40 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
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 16 | 09:00 | Consumer Price Index (YoY) | 4.0% | 3.7% |
| Jul 16 | 09:00 | Consumer Price Index (MoM) | 0.4% | 0.6% |
| Jul 16 | 09:00 | Consumer Price Index − Core (YoY) | 1.8% | 1.7% |
EMU economic indicators - HICP inflation in the euro area will probably be confirmed at 4.0% yoy for June by BHF−Bank
According to the available national results, final HICP inflation in the eurozone is likely to be confirmed at 4.0% in June. Like in Germany, this new inflation record for the euro area will be mainly due to the sharp price increases for energy and food year−on−year.
[ Full Story ]Top Market Movers Review
US FED'S BERNANKE TESTIFIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 15 | 14:00 | Fed's Bernanke testifies | - | - | - |
Bernanke warily lifts U.S. growth outlook, warns on inflation (Thomson Financial News)
The U.S. economy is growing a bit faster than expected and could avert recession, Federal Reserve chairman Ben Bernanke indicated Tuesday, while citing a "critical" need to keep inflation expectations in check.
[ Full Story ]- Read full Bernanke's speech at the Fed
- Bernanke sees stress, risk, but lifts outlook UPDATE (Thomson Financial News)
- UPDATE: Dollar Stable Vs Euro After Falling On Bernanke (Dow Jones)
- European govt bonds press higher as Bernanke offers markets no comfort (Thomson Financial News)
News and opinion from the ground - US Dollar On The Defensive Ahead Of Bernanke's Testimony And Retail Sales Data by GraceCheng.com
Daily Forex Technical Report − Dollar Back Under Pressure in a Busy Day with Focus on Bernanke's Testimony by ActionForex.com
Forex Trading Strategies - It's time for Bernanke to either throw the USD a lifeline or kick it into the abyss at today's pivotal testimony by Saxo Bank
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 15 | 12:30 | Retail Sales ex Autos (MoM) | 0.8% | 1.0% | 1.2% |
| Jul 15 | 12:30 | Retail Sales (MoM) | 0.1% | 0.3% | 0.8% |
DATA SNAP: US Jun Retail Sales Up Far Below Expectations (Dow Jones)
Retail sales increased by 0.1%, the Commerce Department said. Economists surveyed by Dow Jones Newswires had estimated a 0.5% increase. Sales in the previous two months were revised downward.
[ Full Story ]- Read the Retail Sales data at Census Bureau
- US June retail sales rise 0.1%, up 0.8% excluding autos UPDATE (Thomson Financial News)
- US June retail sales rise 0.1%, up 0.8% excluding autos (Thomson Financial News)
- US retail sales growth, weaker than expected in June (FXstreet.com)
US economic indicators - Tax rebates keep boosting retail sales, drop in auto sales curbs increase by BHF−Bank
News and opinion from the ground - US Dollar On The Defensive Ahead Of Bernanke's Testimony And Retail Sales Data by GraceCheng.com
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 15 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.2% | 0.3% | 0.2% |
| Jul 15 | 12:30 | Producer Price Index (YoY) | 9.2% | 8.7% | 7.2% |
| Jul 15 | 12:30 | Producer Price Index (MoM) | 1.8% | 1.3% | 1.4% |
| Jul 15 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 3.0% | 3.2% | 3.0% |
DATA SNAP: US June Producer Prices +1.8%; Consensus +1.5% (Dow Jones)
Higher energy and food prices continued to push up U.S. producer prices in June, a government report showed in a sign that inflation threats are alive and well. The Labor Department report for June also showed that in the 12 months ending in June wholesale prices climbed 9.2%.
[ Full Story ]- Read the PPI data at Labor Department
- US Producer Price Index−STATS−Historical (Dow Jones)
- US June PPI up 1.8%; core PPI up 0.2%, core at fastest yearly gain since 1991 (Thomson Financial News)
- Table Of US PPI Data From Labor Department (Dow Jones)
US economic indicators - PPI and CPI surge on energy in June, core rates remain moderate by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 15 | 14:00 | US | Business Inventories (May) | 0.3% | 0.5% | 0.5% |
| 14:00 | US | IBD/TIPP Economic Optimism (Jul) | 37.4 | 37.4 | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jul 13) | -41 | |||
| 23:50 | JP | Tertiary Industry Index (MoM) (May) | 0.0% | 1.8% | ||
| Jul 16 | 00:30 | AU | Westpac Leading Index (MoM) (May) | 0.4% | ||
| 03:05 | AU | RBA's Governor Glenn Stevens Speech | ||||
| 06:00 | DE | Consumer Price Index (MoM) (Jun) | 0.3% | 0.6% | ||