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EUROPEAN Trading Newsletter
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Wed, Jul 25, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Look at Today’s Markets
Expert: Derek Frey
Start: Wed, Jul 25, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 25, 11:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
| Wed, Jul 25, 18:00 GMT | Live Look at Today’s Markets | Derek Frey | WBN | |
| Thu, Jul 26, 11:00 GMT | Using FX Options to Control Risk and Make Profits | John Jagerson | WBN |  |
| Thu, Jul 26, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3809) New high on move above Double Bottom off 1.3555 has met 2nd target of pattern by KBC Bank
New high on move above Double Bottom off 1.3555 (see graph) has met 2nd target of pattern (1.3846).
1st Support area at 1.3794 (daily envelope bottom + current week low), with next levels at 1.3778 (daily Medium Term Moving Average↑), ahead of 1.3752 (July 18 low) and 1.3710 (daily channel bottom off 1.3264): ideal area to stay above to keep current Short Term mood intact on €.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- The Signals Tracker: track down the performance of a particular signals provider
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Today's Technical Trading Points - Today's Technical Trading Points by Danske Bank A/S
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by FXtechtrade
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Currencies at a Glance
- EUR/USD
- Moves down below pivot level 1.3824
07/25/2007 07:07 GMT - GBP/USD
- Moves down below first support level 2.0591
07/25/2007 07:07 GMT - USD/CHF
- Trades around pivot level 1.2038
07/25/2007 07:07 GMT - USD/JPY
- Trades around opening price level 120.24 , below pivot level 120.47
07/25/2007 07:07 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 25 | 14:00 | Existing Home Sales | 5.88M | 5.99M |
US economic indicators - New and existing home sales are likely to deteriorate further by BHF-Bank
The number of existing home sales had remained more or less unchanged in May. The outlook for the future is mixed: on the one hand, mortgage applications for house purchases have risen quite significantly over the past few months.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The housing market in the US is being monitored very closely these days after the collapse of the sub-prime market, and the impact in big hedge funds that had invested in that market. Therefore, any reading below consensus could hurt the USD as the market would turn on the fears of a yet another downleg in the housing sector." - FXstreet.com
Top Market Movers Review
Australia CPI - MARKET PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 25 | 01:30 | CPI - Market Prices (YoY) | 2.1% | 1.9% | 2.4% |
| Jul 25 | 01:30 | CPI - Market Prices (QoQ) | 1.2% | 1.0% | 0.1% |
Asia Market Update - Asian Market Update: Aussie CPI Better than Expected by Trade The News
Australia's Q2 headline CPI came in better than expected ((AU) Q2 CPI QOQ: 1.2% V 1.0%E; YOY: 2.1% V 1.9%E), while the RBA's trimmed mean also came in better than expected (Q2 RBA Trimmed Mean QoQ: 0.9% v 0.7%e; YoY: 2.7% v 2.5%e).
[ Full Story ]- Read the Consumer Price Index report at Australian Bureau of Statistics
- Australian dollar rises after Q2 inflation higher than expected (Thomson Financial News)
- Australian CPI rises 1.2 pct sequentially in Q2, faster than expected - UPDATE (Thomson Financial News)
- Reserve Bank of Australia's Q2 inflation measure accelerates, but within target (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 24 | 23:50 | JP | Adjusted Merchandise Trade Balance (Jun) | ¥823.77B | ¥846.00B | ¥801.59B |
| 23:50 | JP | Merchandise Trade Balance Total (Jun) | 1227.00 | 955.00B | 799.74B | |
| Jul 25 | 01:30 | AU | CPI - Market Prices (QoQ) (2Q) | 1.2% | 1.0% | 0.1% |
| 01:30 | AU | CPI - Market Prices (YoY) (2Q) | 2.1% | 1.9% | 2.4% | |
| 14:00 | US | EIA Crude Oil Stocks (Jul 20) | -0.5M | |||
| 14:00 | US | Existing Home Sales (Jun) | 5.88M | 5.99M | ||
| 18:00 | US | Fed's Beige Book | ||||
| 21:00 | NZ | RBNZ Interest Rate Decision (Jul 26) | 8.25% | 8.00% | ||
| Jul 26 | 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Jul) | 10.6% | 11.1% | |
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Jul) | 0.5% | 1.1% | ||