Tuesday, Jul 15, 07:31 GMT
EUROPEAN Trading Newsletter
THE FOREX GAME: Last Week
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To Get Started
- Webinar VIDEOS: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- 1st on Forex: Dollar Sinking as Rate Increase Odds Diminish by Jerry Furst
- New Blog: Random FX Thoughts − Too small & too smart to fail? by Dirk Du Toit
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jul 15, 08:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jul 15, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 15, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Jul 15, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jul 15, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Jul 15, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.5939) New recovery high off 1.5302 by KBC Bank
Rebound from 1.5302 extended to a new recovery high: 1st Support area at 1.5870/ .5862 (daily envelope bottom/ daily Short Term Moving Average↑), with next levels at 1.5839 current reaction low off 1.5970), ahead of 1.5822 (weekly envelope bottom) and 1.5800/ .5793 (break−up daily July 10/daily Medium Term Moving Average↑): tough on 1st attempts.
- The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Using fibonacci retracements to identify support and resistance by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Technical Trader Closing Brief − Relentless Onslaught Continues by The Technical Trader
Market Session Recaps − Asia Session by FOREX.com
Daily Market Briefing − 3 Things That Could Shake Up the Dollar on Tuesday by FXCM
Banks' Analysis
Daily Technical Analysis − EUR: Attempt small longs on a dip to 1.5915 but only if prepared to add to 1.5850 by Mizuho Corporate Bank
Forex Trading Strategies − It's time for Bernanke to either throw the USD a lifeline by Saxo Bank
FX Analysts' Comments
Dollar Sinking as Rate Increase Odds Diminish by Jerry Furst, Director Investors Education Network
Markets are holding highs to make extended stop and reversal move.. by Dr. S. Sivaraman, of i−knowindices.com
Currencies at a Glance
- EUR/USD
- Moves up towards first resistant level 1.5972
07/15/2008 06:59 GMT - GBP/USD
- Moves up towards first resistant level 2.0005
07/15/2008 06:59 GMT - USD/CHF
- Moves down below first support level 1.0113
07/15/2008 07:00 GMT - USD/JPY
- Moves down towards second support level 105.49
07/15/2008 07:00 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
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 15 | 08:30 | Consumer Price Index (MoM) | 0.4% | 0.6% |
| Jul 15 | 08:30 | Consumer Price Index (YoY) | 3.6% | 3.3% |
| Jul 15 | 08:30 | Core Consumer Price Index (YoY) | 1.5% | 1.5% |
Currency and Stock Markets Weekly Outlook - inflation data in the spotlight by X−Trade Brokers, XTB
On Tuesday a bunch of important reports will be published. The GBP will certainly react to the CPI publication. This report will show how the British economy is doing (recently not so well) and maybe give another problem to the British Monetary Policy Council.
[ Full Story ]- BoE's King reiterates CPI inflation will return to target UPDATE (Thomson Financial News)
US economic indicators - PPI and CPI surge on energy in June, core rates remain moderate by BHF−Bank
Top Market Movers Review
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 15 | 06:03 | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% |
Bank of Japan leaves overnight call rate target unchanged at 0.5 pct as expected (Thomson Financial News)
The Bank of Japan (BoJ) left its overnight call rate target unchanged at 0.5 percent for the 20th straight meeting on Tuesday. The widely expected decision gives the Japanese central bank more time to assess the credit crisis in the United States following financial problems at government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae.
[ Full Story ]- Read the Interest Rate decision report at Bank of Japan
- The Bank of Japan leaves rates unchanged at 0.5% (FXstreet.com)
- Bank of Japan leaves call rate unchanged at 0.5 pct as expected − UPDATE 2 (Thomson Financial News)
- Bank of Japan leaves call rate unchanged at 0.5 pct as expected − UPDATE (Thomson Financial News)
UK RICS HOUSE PRICE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 14 | 23:01 | RICS House Price Balance | -88.0% | -94.0% | -92.9% |
DATA SNAP:UK RICS House Price Balance Up, But Sales Slumping (Dow Jones)
Sentiment in the housing market in England and Wales improved for the second consecutive month in June, but sales fell to their lowest level on record due to the lack of available credit, the Royal Institution of Chartered Surveyors said Tuesday. The latest RICS housing market survey showed the seasonally−adjusted net balance of surveyors reporting falling rather than rising prices was −88.0 percentage points in June, compared with −92.2 percentage points in May.
[ Full Story ]- Read the House Price Balance report at RICS website
- UK June RICS house price balance improves but transactions at record low (Thomson Financial News)
How Far Will Housing Prices Fall? by Wachovia
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 15 | 01:30 | AU | RBA Meeting's Minutes | |||
| 04:00 | JP | Tokyo Condominium Sales (YoY) (Jun) | -30.0% | -17.7% | ||
| 06:00 | JP | Bank of Japan Monthly Economic Survey | ||||
| 06:03 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% | |
| 08:30 | UK | Consumer Price Index (MoM) (Jun) | 0.4% | 0.6% | ||
| 08:30 | UK | Consumer Price Index (YoY) (Jun) | 3.6% | 3.3% | ||
| 08:30 | UK | Core Consumer Price Index (YoY) (Jun) | 1.5% | 1.5% | ||
| 08:30 | UK | Retail Price Index (MoM) (Jun) | 0.5% | 0.5% | ||
| 08:30 | UK | Retail Price Index (YoY) (Jun) | 4.3% | 4.3% | ||
| 09:00 | DE | ZEW Survey − Economic Sentiment (Jul) | -55.0 | -52.4 | ||