Monday, Jul 14, 07:42 GMT
EUROPEAN Trading Newsletter
THE FOREX GAME: Last Week
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To Get Started
- Webinar VIDEOS: Trading Break Out's And Other Market Views by Phil Newton
- 1st on Forex: Week Ahead for July 14 − 18 Calendar by Jerry Furst
- Real−Time Economic Calendar: Be notified straight into your RSS reader when a new event is released
- FxBootcamp: Forex Video − News Trade Alert − July 14, 2008 by Wayne McDonell
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Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Jul 14, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
How To Backtest a Trading System
Expert: Valeria Bednarik
Start: Mon, Jul 14, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 14, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Jul 14, 12:00 GMT | How To Backtest a Trading System | Valeria Bednarik | WBN |  |
| Mon, Jul 14, 13:00 GMT | Trading with multiple technical indicators  | Adam Rosen | WBN | |
| Mon, Jul 14, 14:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe
EUR/USD
Market Session Recaps − Asia Session by FOREX.com
The EUR/USD dropped from around 1.5970 to near 1.5908 on the news, and as the session wore on, the Dollar continued to claw back. The pair later slipped through the 1.5900 level, touching 1.5982 on a low. As the session was ending, the pair was testing those lows again, with some support levels near 1.5870. As usual, the 1.6000 level is critical as a psychological barrier, and the record high of 1.6018 looks to possibly be at risk this week with US earnings reports, data and Eurozone inflation data due this week.
- 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:
Daily Recommended Trades − Daily technical outlook − Monday 07.14.2008 by E−Forex
Daily Market Commentary − Sinking stocks hurt the dollar on Friday by Global Forex Trading
Daily Forex and Dow Jones Recommended Levels − Fxtechtrade by FXtechtrade
Bank's Analysis
Forex Trading Strategies − USD tumbled on Friday on mortgage lender woes by Saxo Bank
Weekly Analysis
FX Weekly Report − The EUR/ USD gives more surprises + Watching for a blow−off top on the AUD/USD by www.TradingPostFinancial.com
FX Analysts' Comments
Week Ahead for July 14 − 18 Calendar by Jerry Furst, Director Investors Education Network
Weekly Pivot Points by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.5879
07/14/2008 07:01 GMT - GBP/USD
- Moves down below pivot level 1.9860
07/14/2008 07:02 GMT - USD/CHF
- Moves up above pivot level 1.0200
07/14/2008 07:03 GMT - USD/JPY
- Trades around pivot level 106.43
07/14/2008 07:03 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 INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jul 14 | 09:00 | Industrial Production w.d.a. (YoY) | 0.3% | 3.9% |
| Jul 14 | 09:00 | Industrial Production s.a. (MoM) | -2.3% | 0.9% |
Friday Notes - Widening EMU output gap to keep core inflation in check by HVB Group
We expect a sizeable drop in May industrial output. Part of the weakness will be technical – driven by an adverse calendar effect – but it's clear that some of the deterioration reflects a genuine loss of momentum, as suggested by the sharp decline in manufacturing surveys.
[ Full Story ]Top Market Movers Review
Australia PERSONAL FINANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 14 | 01:30 | Personal Finance | -7.8% | - | - |
Australian Personal Finance Falls 7.8% In May From April (Dow Jones)
The value of Australian personal finance commitments fell a seasonally−adjusted 7.8% to A$6.26 billion in May from April, according to data released by the Australian Bureau of Statistics Monday.
[ Full Story ]- Read the Personal Finance data at Australian Bureau of Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 13 | 22:45 | NZ | Retail Sales (MoM) (May) | -0.1% | 1.0% | |
| 22:45 | NZ | Retail Sales ex Autos (MoM) (May) | 0.5% | -0.5% | ||
| Jul 14 | 01:30 | AU | Personal Finance | -7.8% | ||
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (Jun) | 2.6% | 3.8% | ||
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Jun) | 29.0% | 27.9% | ||
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Jun) | 1.2% | 1.6% | ||
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (Jun) | 9.9% | 8.9% | ||
| 09:00 | EMU | Industrial Production s.a. (MoM) (May) | -2.3% | 0.9% | ||
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (May) | 0.3% | 3.9% | ||
| 22:45 | NZ | Consumer Price Index (QoQ) (2Q) | 1.4% | 0.7% | ||