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Expert: Adam Rosen
Start: Wed, Jul 16, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 16, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jul 16, 12:00 GMT | Trading the Summer Months | Adam Rosen | WBN |  |
| Wed, Jul 16, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN |  |
| Wed, Jul 16, 14:00 GMT | Forex Swing Trading | James Chen | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − Daily technical outlook − Wednesday 07.16.2008 by Easy Forex
The Euro has reached record highs into the 1.6040 region on yesterday but failed to hold its gains above the 1.5900 mark and the accelerated decline has got support into the 1.5860 zone in focus. The medium term and short term studies are bullish and pullbacks are likely but the Euro should maintain its bid tone against the dollar. Decent intraday support is eyed at 1.5860 then 1.5840 and 1.5820. Good support is also noticed lower, into the 1.5760 region, formed by a rising trendline.
- 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:
Daily Market Commentary − The dollar trimmed losses following a sharp drop in crude oil by Global Forex Trading
Market Session Recaps − Asia Session by FOREX.com
Daily Forex and Dow Jones Recommended Levels − Fxtechtrade by FXtechtrade
Pairs to Range Trade − EURCHF Ranging Ahead of a Busy European Calendar by FXCM
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
EURO and GBP are expected to swing and slide big... by Dr. S. Sivaraman, of i−knowindices.com
Trading on Pure Price Action by James Chen, Chief Technical Analyst, at FX Solutions
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5911 , below pivot level 1.5939
07/16/2008 06:56 GMT - GBP/USD
- Trades around pivot level 2.0047
07/16/2008 06:57 GMT - USD/CHF
- Trades around pivot level 1.0093
07/16/2008 06:57 GMT - USD/JPY
- Moves down towards first support level 103.78
07/16/2008 06:58 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 16 | 09:00 | Consumer Price Index (YoY) | 4.0% | 3.7% |
| Jul 16 | 09:00 | Consumer Price Index (MoM) | 0.4% | 0.6% |
| Jul 16 | 09:00 | Consumer Price Index − Core (YoY) | 1.8% | 1.7% |
EMU economic indicators - HICP inflation in the euro area will probably be confirmed at 4.0% yoy for June by BHF−Bank
According to the available national results, final HICP inflation in the eurozone is likely to be confirmed at 4.0% in June. Like in Germany, this new inflation record for the euro area will be mainly due to the sharp price increases for energy and food year−on−year.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 16 | 06:00 | Consumer Price Index (YoY) | 3.3% | 3.3% | 3.0% |
| Jul 16 | 06:00 | Consumer Price Index (MoM) | 0.3% | 0.3% | 0.6% |
DATA SNAP: German Final June CPI +0.3% On Month; +3.3% On Yr (Dow Jones)
German inflation in June accelerated to 3.3% on the year from 3.0% the previous month, the fastest pace since December 1993, final data released by the federal statistics office Wednesday showed.
[ Full Story ]- Read the CPI data at German Statistics
- German CPI posts the highest yearly increase in 15 years in June (FXstreet.com)
- German June final CPI up 0.3 pct vs May, up 3.3 pct year−on−year (Thomson Financial News)
- Germany Jun Consumer Price Index rises 0.3%; 3.3% up on the year (FXstreet.com)
Australia RBA'S GOVERNOR GLENN STEVENS SPEECH
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 16 | 03:05 | RBA's Governor Glenn Stevens Speech | - | - | - |
UPDATE 1−Australia cenbank says more likely demand will slow (Thomson Financial News)
Australia's top central banker on Wednesday said it now looked more likely that domestic demand would slow enough to restrain inflation over time, reinforcing expectations that interest rates had peaked.
[ Full Story ]- Read full Speech by Glenn Stevens at RBA
- Australia safe from US and UK problems − cenbank (Thomson Financial News)
Japan TERTIARY INDUSTRY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 15 | 23:50 | Tertiary Industry Index (MoM) | -0.2% | 0.0% | 1.8% |
Japan's tertiary index falls 0.2 percent in May (Thomson Financial News)
Japan's tertiary index, which measures spending in the services sector, fell 0.2 percent in May from April, the Ministry of Economy, Trade and Industry said on Wednesday. It was the first fall in three months and was attributed to lower spending in the information/communication service and real estate sectors. The index decreased to 110.4 in April from 110.6 in the previous month.
[ Full Story ]- Read the Tertiary Industry Index report at Japan Ministry of Economy, Trade and Industry
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 16 | 06:00 | DE | Consumer Price Index (MoM) (Jun) | 0.3% | 0.3% | 0.6% |
| 06:00 | DE | Consumer Price Index (YoY) (Jun) | 3.3% | 3.3% | 3.0% | |
| 06:00 | JP | Machine Tool Orders (YoY) (Jun) | -2.5 | 1.4 | ||
| 07:15 | CH | Adjusted Real Retail Sales (YoY) (May) | 7.4% | 3.8% | -9.4% | |
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (May) | 3.9% | 3.9% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (May) | 3.7% | 3.8% | ||
| 08:30 | UK | Claimant Count Rate (Jun) | 2.6% | 2.5% | ||
| 08:30 | UK | ILO Unemployment Rate (May) | 5.3% | 5.3% | ||
| 08:30 | UK | Jobless Claims Change (Jun) | 10K | 9K | ||
| 09:00 | EMU | Consumer Price Index − Core (YoY) (Jun) | 1.8% | 1.7% | ||