Monday, Jul 07, 07:29 GMT
EUROPEAN Trading Newsletter
THE FOREX GAME: Training Week
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To Get Started
- Webinar VIDEOS: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- FX Path: EUR/USD & USD/JPY Sunday Evening (NY) Video Update by James Chen
- Trade Setups: Trading Tip − Where is the overnight range? by Phil Newton
- Jet Fuel – To Hedge or Not to Hedge? (Part two) by Ron Schelling in the Trader's Journal
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Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Jul 7, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Economic Numbers
Expert: Adam Rosen
Start: Mon, Jul 7, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Mon, Jul 7, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Jul 7, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − Daily technical outlook − Monday 07.07.2008 by E−Forex
Daily studies are becoming bearish along with the break below 1.5660 support zone and more downside action could be seen towards next bearish objective into the 1.5570/80 region then 1.5380−1.5400, lower. The 50% retracement of the entire 1.5302−1.5908 recent move is noticed at 1.5605 and it may provide some interim support in case of an extended decline below today's low at 1.5625. Below 1.5605 there's a trendline support into the 1.5580 zone.
- 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:
Currency Majors Technical Analysis by Mataf.net
Pairs to Range Trade − US Dollar To Remain Ranging Versus New Zealand Counterpart by FXCM
Weekly Outlook
Weekly Forex Market Commentary − The US economic calendar is light this week by Global Forex Trading
Weekly Forex Outlook − ECB Trichet puts the brakes on EURO longs. US FED Bernanke's turn? by Easy Forex
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
EUR/USD & USD/JPY Sunday Evening (NY) Video Update by James Chen, Chief Technical Analyst, at FX Solutions
Weekly Pivot Points by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Moves down below second support level 1.5622
07/07/2008 07:00 GMT - GBP/USD
- Moves down below third support level 1.9741
07/07/2008 07:00 GMT - USD/CHF
- Moves up above third resistant level 1.0322
07/07/2008 07:01 GMT - USD/JPY
- Moves up above 107.50 , above third resistant level 107.18
07/07/2008 07:02 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 INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jul 7 | 10:00 | Industrial Production s.a. (MoM) | - | -0.8% |
| Jul 7 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | - | 4.8% |
Friday Notes - Industrial production: Dynamic in industry remains solid so far by HVB Group
The UniCredit−Reuters tool for German industrial production signals a tangible recovery in May after the two weak preceding months. So far, the still comfortable order cushion is holding the dynamic in industry at a solid level.
[ Full Story ]Top Market Movers Review
Switzerland UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 7 | 05:45 | Unemployment Rate s.a. | 2.5% | - | 2.5% |
| Jul 7 | 05:45 | Unemployment Rate | 2.3% | - | 2.4% |
Swiss unemployment edges down in June (FXstreet.com)
Swiss unemployment rate has declined slightly in June to a 2.3% of the active population, from the 2.4% rate posted in May, according to the Swiss Economics Secretary, SECO.
[ Full Story ]- Read the Employment data at SECO [text in German]
- Swiss June unemployment 2.3 pct vs 2.4 pct in May (Thomson Financial News)
Japan OFFICIAL RESERVE ASSETS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 6 | 23:50 | Official Reserve Assets | 1001.4B | - | 997.0B |
Japan Jun Foreign Reserves $1.002 Trillion; +$4.574 Billion On Month (Dow Jones)
Japan's reserves of convertible foreign currencies, gold and International Monetary Fund special drawing rights in June rose $4.574 billion from May to $1.002 trillion, the Ministry of Finance said Monday. The country's foreign exchange reserves have shown only minor changes since Tokyo stopped its yen−selling intervention campaign in March 2004.
[ Full Story ]- Read the Official Reserve Assets report at Bank of Japan
- Japan's forex reserves rise for first time in three months in June (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 6 | 23:50 | JP | Official Reserve Assets (Jun) | 1001.4B | 997.0B | |
| Jul 7 | 05:45 | CH | Unemployment Rate (Jun) | 2.3% | 2.4% | |
| 05:45 | CH | Unemployment Rate s.a. (Jun) | 2.5% | 2.5% | ||
| 06:30 | AU | Foreign Reserves (Jun) | 35.9B | 35.3B | ||
| 08:30 | UK | Industrial Production (MoM) (May) | 0.2% | |||
| 08:30 | UK | Industrial Production (YoY) (May) | 0.2% | |||
| 08:30 | UK | Manufacturing Production (MoM) (May) | 0.1% | |||
| 08:30 | UK | Manufacturing Production (YoY) (Jun) | 0.1% | |||
| 10:00 | DE | Industrial Production s.a. (MoM) (May) | -0.8% | |||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (May) | 4.8% | |||