Wednesday, Jul 02, 08:04 GMT
EUROPEAN Trading Newsletter
THE FOREX GAME: Win a Sony Vaio
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FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jul 2, 09:00 GMT
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Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jul 2, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 2, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jul 2, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jul 2, 11:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN |  |
| Wed, Jul 2, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.5821) In channel off 1.5302 by KBC Bank
Sharp rebound off 1.5302, with pair in channel off 1.5302 (see graph): 1st Support area at 1.5774 (break−up hourly + daily Short Term Moving Average↑), with next levels at 1.5752 (daily envelope bottom), ahead of 1.5721/ .5716 (current week low/ reaction low hourly) and1.5687 (break−up hourly).
1.5651/ .5635 (break−up weekly/ daily Medium Term Moving Average↑): ideal area to stay above to keep current short term mood intact on €.
- 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:
Technical Trader Closing Brief − Turnaround Tuesday? by The Technical Trader
Daily Market Commentary − The dollar was all over the place on Tuesday by Global Forex Trading
Currency Majors Technical Analysis by Mataf.net
Banks' Analysis
Daily Forex Commentary − Waiting for Trichet… by Jyske Bank
Monthly Performance
Today's Technical Trading Points − Monthly Performance − June 2008 by Danske Bank A/S
FX Analysts' Comments
Big moves expected from now in EURO and GBP.... by Dr. S. Sivaraman, of i−knowindices.com
GBP/USD Tuesday Evening (NY) Video Update by James Chen, Chief Technical Analyst,
Currencies at a Glance
- EUR/USD
- Moves up towards first resistant level 1.5836
07/02/2008 06:34 GMT - GBP/USD
- Moves up above pivot level 1.9947
07/02/2008 06:36 GMT - USD/CHF
- Trades around pivot level 1.0187
07/02/2008 06:39 GMT - USD/JPY
- Trades around pivot level 105.90
07/02/2008 06:41 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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 2 | 12:15 | ADP Employment Change | -20K | 40K |
Daily Forex Strategy Briefing - Awaiting Employment Data by CMS Forex
The AUD/USD unsuccessfully tested resistance yesterday. We expect a test of the 0.95−area support with no big moves before the US employment report Thursday.
[ Full Story ]Top Market Movers Review
Australia RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 2 | 01:30 | Retail Sales (MoM) | 0.7% | 0.1% | -0.1% |
DATA SNAP: Australian May Retail Sales Rise 0.7% Vs Apr (Dow Jones)
Australian retail sales rose a higher−than−expected 0.7% to a seasonally adjusted A$20.24 billion in May from A$20.10 billion in April and rose from A$19.08 billion a year earlier, the Australian Bureau of Statistics said Wednesday. Economists surveyed ahead of the announcement on average had expected a 0.1% rise in sales for May. The rise in retail sales was the highest since November 2007.
[ Full Story ]- Read the Retail Trade report at Australian Bureau of Statistics
- Australia May retail sales rise 0.7 pct (Thomson Financial News)
Forex Trading Strategies - AUD back to the strong side on strong Retail Sales report by Saxo Bank
US ABC/WASHINGTON POST CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 1 | 21:00 | ABC/Washington Post Consumer Confidence | -43 | - | -43 |
ABC/Wash Post: US Consumer Confidence Unch In Latest Wk (Dow Jones)
U.S. overall consumer confidence held steady last week, according to an ABC News/Washington Post poll released Tuesday. The consumer comfort index was at −43 in the week ended June 30, unchanged from a week earlier. According to the survey, 15% of respondents expressed confidence in the economy, up from 14% the week before.
[ Full Story ]- Read the Consumer Confidence report at Washington Post website
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 2 | 01:30 | AU | Building Permits (MoM) (May) | -6.5% | -3.4% | 5.4% |
| 01:30 | AU | Building Permits (YoY) (May) | 0.2% | 7.2% | 5.2% | |
| 01:30 | AU | Retail Sales (MoM) (May) | 0.7% | 0.1% | -0.1% |
|
| 07:15 | EMU | ECB Trichet's Speech | ||||
| 08:30 | UK | PMI Construction (Jun) | 43.1 | 43.9 | ||
| 09:00 | EMU | Producer Price Index (MoM) (May) | 0.9% | 0.8% | ||
| 09:00 | EMU | Producer Price Index (YoY) (May) | 6.7% | 6.1% | ||
| 11:00 | US | MBA Mortgage Applications (Jun 27) | -9.3% | |||
| 12:15 | US | ADP Employment Change (Jun) | -20K | 40K | ||
| 14:00 | US | Factory Orders (May) | 0.5% | 1.1% | ||