Friday, Jul 04, 07:54 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: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- Central Banks: ECB − Jul 3 Meeting: 25bp hike by FXstreet.com
- The Disciplined Trader: Why Market Psychology Points to a Possible Multi−Year High on the EUR/USD by Pierre Charlebois
- Fibonacci Profit Objectives by Joe DiNapoli in the Trader's Journal
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Live Sessions Schedule
How To Backtest a Trading System
Expert: Valeria Bednarik
Start: Fri, Jul 4, 12:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jul 4, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Mon, Jul 7, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
| Mon, Jul 7, 13:00 GMT | Trading Economic Numbers | Adam Rosen | WBN | |
Current Session: Europe
EUR/USD
Daily Forex Technical Report − Euro Stabilizes from Yesterday's Sell off by ActionForex.com
The forex markets stabilized a bit from yesterday's volatile movements. One the one hand, the sell off in Euro is still believed to be a "buy on rumors, sell on news" profit taking exercise. Even though the Eurozone economy has started showing signs of slowdown, the continuously high inflationary pressure is still believed to keep ECB lean towards a tightening bias even though Trichet has toned down the hawkishness and said the ECB has "no bias" now.
- 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
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
ECB − NFP − Trichet − No Surprise − Dollar Rallies by Jerry Furst, Director Investors Education Network
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5703 , below pivot level 1.5764
07/04/2008 06:58 GMT - GBP/USD
- Trades around opening price level 1.9831 , below pivot level 1.9856
07/04/2008 06:58 GMT - USD/CHF
- Trades around opening price level 1.0261 , above pivot level 1.0219
07/04/2008 06:59 GMT - USD/JPY
- Trades around opening price level 106.73 , above pivot level 106.48
07/04/2008 06:59 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
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jul 4 | 10:00 | Factory Orders n.s.a. (YoY) | 2% | 15% |
| Jul 4 | 10:00 | Factory Orders s.a. (MoM) | 0.8% | -1.8% |
EMU economic indicators - The flash estimate for June could show EMU inflation increasing to 3.9 % yoy by BHF−Bank
German industrial new orders probably remained more or less stable in May, as the correlated climate indicators had recovered temporarily.
[ Full Story ]Top Market Movers Review
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 4 | 05:00 | Leading Economic Index | 92.6 | 93.0 | 92.8 |
Japan May Leading Indicators 40.0; Coincident 33.3 (Dow Jones)
Japan's index of leading indicators came in 40.0 in May, below the boom−or−bust threshold of 50.0 for the 10th straight month, the Cabinet Office said Friday. The diffusion−index−based result matched the average forecast of 40 by economists polled by Dow Jones and Nikkei. It was a revised 27.3 in April. The index is used to gauge the future direction of the economy.
[ Full Story ]- Read the Business Condition Index report at Japan Cabinet Office
- Japan's leading index falls to 92.6 in May vs forecast 93.1 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 4 | 00:00 | US | 4th July Holiday | |||
| 05:00 | JP | Coincident Index (May)  | 103.0% | 103.4% | 101.7% | |
| 05:00 | JP | Leading Economic Index (May) | 92.6 | 93.0 | 92.8 | |
| 10:00 | DE | Factory Orders n.s.a. (YoY) (May) | 2% | 15% | ||
| 10:00 | DE | Factory Orders s.a. (MoM) (May) | 0.8% | -1.8% | ||
| 14:00 | CA | Ivey Purchasing Managers Index (Jun) | 62.0 | 62.5 | ||
| Jul 6 | 23:50 | JP | Official Reserve Assets (Jun) | 997B | ||
| Jul 7 | 05:45 | CH | Unemployment Rate (Jun) | 2.4% | ||
| 05:45 | CH | Unemployment Rate s.a. (Jun) | 2.5% | |||
| 06:30 | AU | Foreign Reserves (Jun) | 35.3B | |||