Tuesday, Jul 08, 07:49 GMT
EUROPEAN Trading Newsletter
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- Webinar VIDEOS: The Weather Report: Ichimoku Cloud Trading by Chris Capre
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Live Sessions Schedule
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Jul 8, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jul 8, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 8, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Jul 8, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jul 8, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Tue, Jul 8, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN | |
Current Session: Europe
EUR/JPY
Forex Trading Strategies − USD weakens late yesterday on renewed mortgage woes by Saxo Bank
EURJPY rose to a new record recently, but failed to find increasing momentum there. From a fundamental perspective, both in terms of interest rate differentials and risk aversion, this cross should be headed lower, but needs to take out another couple of support levels before it shows more decisive signs of negative momentum. The rising trendline seems to be the most significant support and could come into play soon as a trigger.
- 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:
Forex Analysis on Majors − Today Ben Bernanke may hint at further position of FRS by Forex Ltd
Daily Recommended Trades − Daily technical outlook − Tuesday 07.08.2008 by E−Forex
Daily Market Commentary − The dollar made aggressively reversed early gains on Monday by Global Forex Trading
Banks' Analysis
Daily Technical Analysis − EUR: Possibly attempt longs on a dip to 1.5655 by Mizuho Corporate Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
EURO and GBP are expected to swing up and slide by Dr. S. Sivaraman, of i−knowindices.com
USD/JPY Monday Evening (NY) Video Update by James Chen, Chief Technical Analyst, at FX Solutions
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.5697
07/08/2008 06:54 GMT - GBP/USD
- Moves down below pivot level 1.9746
07/08/2008 06:54 GMT - USD/CHF
- Trades around opening price level 1.0267 , below pivot level 1.0277
07/08/2008 06:55 GMT - USD/JPY
- Moves down towards first support level 106.64
07/08/2008 06:55 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 FED'S BERNANKE SPEECH
| Date (GMT) | Event | Cons. | Previous | |
| Jul 8 | 12:30 | Fed's Bernanke Speech | - | - |
Weekly Review and Outlook − EUR/USD Pullback on Trichet, Fedspeaks ahead by ActionForex.com
The economic calendar of US is rather light this week. Nevertheless, markets will be busy listening to speeches from a number of Fed officials including Yellen on Monday and Thursday, Bernanke and Lacker on Tuesday.
[ Full Story ]FX Weekly Commentary - Dollar Comeback! Is it Real? Will Bernanke Make it Happen? by FXGreece
Weekly Forex Outlook - ECB Trichet puts the brakes on EURO longs. US FED Bernanke's turn? by Easy Forex
Top Market Movers Review
Japan MONEY SUPPLY M2+CD
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 7 | 23:50 | Money Supply M2+CD (YoY) | 2.3% | 2.1% | 2.0% |
Japan June M2 Money Supply +2.3% Vs May +2.1% (Dow Jones)
Japan's M2 gauge for money supply increased by 2.3% in June, at a faster pace than May's 2.1% growth, the Bank of Japan said Tuesday. The change in M2, which consists of cash in circulation and bank deposits, was slightly faster than the 2.1% median growth forecast by economists surveyed by Dow Jones and Nikkei News.
[ Full Story ]- Read the Money Supply report at Bank of Japan
- Japan June Money Stock Table Of Data (Dow Jones)
- Japan's M2 rises 2.3 percent in June, faster than forecast (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 7 | 23:50 | JP | Money Supply M2+CD (YoY) (Jun) | 2.3% | 2.1% | 2.0% |
| Jul 8 | 01:30 | AU | National Australia Bank's Business Conditions (Jun) | -9 | -4 | |
| 05:00 | JP | Eco Watchers Survey: Current (Jun) | 32.1 | 35.1 | ||
| 05:00 | JP | Eco Watchers Survey: Outlook (Jun) | 29.5 | 32.1 | ||
| 08:30 | UK | DCLG House Price Index (YoY) (Jun) | 3.5% | 4.9% | ||
| 12:30 | US | Fed's Bernanke Speech | ||||
| 14:00 | US | Pending Home Sales (MoM) (May) | -2.5% | 6.3% | ||
| 14:00 | US | Wholesale Inventories (May) | 0.7% | 1.3% | ||
| 19:00 | US | Consumer Credit (May) | $7.0B | $8.9B | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jul 6) | -43 | |||