Thursday, Jul 03, 07:34 GMT
EUROPEAN Trading Newsletter
THE FOREX GAME: Win a Sony Vaio
The Dollar is bearish, but the Duellar is bullish. Play on real charts: Challenge fellow traders, snatch their duellars and win a SONY VAIO!.Sponsored by:
To Get Started
- Webinar VIDEOS: MONTHLY WEBINAR - Understanding The Creation Of Candles In Forex Trading by Sam Seiden
- FX Market Readings: Now fundamentals or Technicals going to work?... by Dr. S. Sivaraman
- Central Banks: ECB − Preview of Jul 3 Meeting by FXstreet.com
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 26th Edition
Expert: Wayne McDonell
Start: Thu, Jul 3, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 3, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 26th Edition | Wayne McDonell | WBN | |
| Fri, Jul 4, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Jul 4, 12:00 GMT | How To Backtest a Trading System | Valeria Bednarik | WBN |  |
| Fri, Jul 4, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar suffered mostly against the euro and its convenient sub by Global Forex Trading
The euro/dollar rallied to a 2 ½−month high on Wednesday, ahead of the expected European Central Bank rate hike today. The bias should be on the upside, but the event is already priced in. Immediate resistance is at 1.5947. Above 1.6020, euro/dollar has additional resistance at 1.6065. Initial support is now at 1.5865. The next levels are 1.5835 and 1.5795. Below 1.5740, further support remains at 1.5645.
- 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:
Market Session Recaps − Asia Session by FOREX.com
FXA Column − $ index, have to take what the market gives.... by FXA
Banks' Analysis
Daily Technical Analysis − EUR: Possibly attempt tiny shorts at 1.5865/1.5905 by Mizuho Corporate Bank
Forex Technical Analysis − EUR/USD: (1.5876) In channel off 1.5302 by KBC Bank
Monthly Performance
Monthly Technical Outlook − Monthly Technical Outlook by Mizuho Corporate Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
Now fundamentals or Technicals going to work ?... by Dr. S. Sivaraman, of i−knowindices.com
USD/CHF Wednesday Evening (NY) Video Update by James Chen, Chief Technical Analyst at FX Solutions
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.5849
07/03/2008 06:52 GMT - GBP/USD
- Moves down below pivot level 1.9915
07/03/2008 06:53 GMT - USD/CHF
- Trades around opening price level 1.0140 , below pivot level 1.0167
07/03/2008 06:53 GMT - USD/JPY
- Trades below pivot level 106.14
07/03/2008 06:54 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
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 3 | 08:00 | Purchasing Manager Index Services | 49.5 | 50.6 |
EMU economic indicators - The flash estimate for June could show EMU inflation increasing to 3.9 % yoy by BHF−Bank
The RBS purchasing managers' indices for the German and the EMU manufacturing sector for June are not likely to be revised significantly.
[ Full Story ]Top Market Movers Review
Switzerland CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 3 | 05:45 | Consumer Price Index (YoY) | 2.9% | 3.1% | 2.9% |
| Jul 3 | 05:45 | Consumer Price Index (MoM) | 0.2% | 0.3% | 0.8% |
Swiss consumer prices edge up in June (FXstreet.com)
Prices at consumer level have increased slightly on the month in June due, mainly to fast growing petrol prices, according to the latest report by the Swiss Statistics Office.
[ Full Story ]- Read the CPI data at Swiss Statistics [text in German]
- Swiss June inflation lower than expected at 2.9 pct (Thomson Financial News)
- Switzerland Consumer Price Index rises to 0.2% in Jun; 2.9% up on year (FXstreet.com)
Australia TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 3 | 01:30 | Trade Balance | -965M | -950M | -957M |
Australia May Trade Deficit A$.97B Vs A$1.0B Consensus (Dow Jones)
Australia's seasonally adjusted balance on trade in goods and services swung to deficit of A$965 million in May from a surplus of A$12 million in April, the Australian Bureau of Statistics said Thursday. The figure is narrower than analysts' expectations of a deficit of A$1.0 billion. Australia recorded a deficit of A$1.22 billion in the year−earlier period.
[ Full Story ]- Read the Trade Balance report at Australian Bureau of Statistics
- Australia May trade deficit A$965 million (Thomson Financial News)
- Australia May Trade Data Table (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 3 | 05:45 | CH | Consumer Price Index (MoM) (Jun) | 0.2% | 0.3% | 0.8% |
| 05:45 | CH | Consumer Price Index (YoY) (Jun) | 2.9% | 3.1% | 2.9% | |
| 07:34 | UK | Halifax House Prices (MoM) (Jun) | -1.0% | -2.4% | ||
| 07:34 | UK | Halifax House Prices (YoY) (Jun) | -5.9% | -3.8% | ||
| 07:55 | DE | Purchasing Manager Index Services (Jun) | 53.3 | 53.8 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Jun) | 49.5 | 50.6 | ||
| 08:30 | UK | Purchasing Manager Index Services (May) | 49.5 | 49.8 | ||
| 09:00 | EMU | Retail Sales (YoY) (May) | -0.7% | -2.9% | ||
| 09:39 | EMU | Retail Sales (MoM) (May) | 0.5% | -0.6% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 4.25% | 4.00% | ||