Thursday, Jul 17, 07:44 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
MONTHLY WEBINAR: Trading Plan: Rules and tools − Part 1
Expert: Valeria Bednarik
Start: Thu, Jul 17, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 17, 13:00 GMT | MONTHLY WEBINAR: Trading Plan: Rules and tools − Part 1 | Valeria Bednarik | WBN |  |
| Thu, Jul 17, 15:00 GMT | MONTHLY WEBINAR: Trading Plan: Rules and tools − Part 2  | Valeria Bednarik | WBN | |
| Fri, Jul 18, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Jul 18, 13:00 GMT | Forex Options | S. Wade Hansen | WBN | |
Current Session: Europe
EUR/USD
Daily Market Commentary − Bouncing equity markets by Global Forex Trading
Euro/dollar fell on Wednesday and this prompted my model to go short. The short−term outlook is slightly bearish, but the medium−term outlook remains bullish. Below 1.580, support is still seen at 1.5765. The next good level remains at 1.5685. Distant support is 1.5630. Immediate resistance is at 1.5860. The next levels are 1.5910 and 1.5970. A pivot high now follows at 1.6036. Above 1.6055, distant resistance is at 1.6135.
- 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 Recommended Trades − Daily technical outlook − Thursay 07.17.2008 by E−Forex
Daily Forex and Dow Jones Recommended Levels − Fxtechtrade by FXtechtrade
Technical Trader Closing Brief − Solid Follow−Through Rally! by The Technical Trader
Banks' Analysis
Forex Technical Analysis − EUR/USD: (1.5855) New high off 1.5302 but back below channel by KBC Bank
Currency Performance Report
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
Swing and slide moves before week end volatile moves .... by Dr. S. Sivaraman, of i−knowindices.com
Bush Should Get Credit for Oil Drop and Dollar Gains! by Jerry Furst, Director at Investors Education Network
Currencies at a Glance
- EUR/USD
- Trades below pivot level 1.5858
07/17/2008 06:48 GMT - GBP/USD
- Trades below pivot level 2.0015
07/17/2008 06:48 GMT - USD/CHF
- Trades around opening price level 1.0173 , above pivot level 1.0129
07/17/2008 06:49 GMT - USD/JPY
- Trades around opening price level 105.11 , above pivot level 104.68
07/17/2008 06:49 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 HOUSING STARTS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 17 | 12:30 | Housing Starts (YoY) | 0.965M | 0.975M |
Friday Notes - Housing activity continues to slide by HVB Group
With potential homebuyers worried about the job situation, likely further declines in home prices, and higher energy costs (including heating and cooling a new home), a continued softening in the housing market is no surprise to anybody.
[ Full Story ]Top Market Movers Review
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 17 | 05:00 | Coincident Index | 103.3% | - | 101.7% |
| Jul 17 | 05:00 | Leading Economic Index | 92.9 | - | 92.8 |
Japan May leading index revised up to 92.9 vs 92.6 in initial estimate (Thomson Financial News)
Japan's index of leading economic indicators stood at 92.9 in May, higher than the initial reading of 92.6, according to government data released on Thursday.
[ Full Story ]- Read the Business Conditions report at Japan Cabinet Office
US FOMC MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 16 | 18:00 | FOMC Minutes | - | - | - |
FOMC Minutes: some board members support some firming in policy 'very soon' (Thomson Financial News)
Minutes from the most recent Federal Open Market Committee suggest that an increase in the federal funds rate might be closer at hand than many suspect, as the issue was openly debated at the June 24−25 meeting, and some FOMC members said that "some firming in policy would be appropriate very soon." "With increased upside risks to inflation and inflation expectations, members believed that the next change in the stance of policy could well be an increase in the funds rate," the minutes said.
[ Full Story ]- Read the Minutes of Meeting at FOMC
- Some FOMC board members support some firming in policy 'very soon' UPDATE (Thomson Financial News)
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 16 | 17:00 | NAHB Housing Market Index | 16 | 18 | 18 |
NAHB: US Home Builders' Confidence Hits New Low (Dow Jones)
The confidence of U.S. home builders has been shaken to a new low. The National Association of Home Builders, releasing results Wednesday of a monthly survey of builders' thoughts on market prospects, said its July index for sales of new, single−family homes dropped to 16 from 18.
[ Full Story ]- Read the Housing Market Index report at NAHB website
- US July NAHB housing index falls to record low 16 vs 18 expected (Thomson Financial News)
How Far Will Housing Prices Fall? by Wachovia
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 16 | 18:00 | US | FOMC Minutes (Jun 25) | |||
| Jul 17 | 01:30 | AU | RBA Foreign Exchange Transaction (Jun) | 875M | 336M | |
| 05:00 | JP | Coincident Index (May) | 103.3% | 101.7% | ||
| 05:00 | JP | Leading Economic Index (May) | 92.9 | 92.8 | ||
| 09:00 | EMU | Construction Output s.a (MoM) (May) | -0.8% | |||
| 09:00 | EMU | Construction Output w.d.a (YoY) (May) | -2.4% | |||
| 09:00 | CH | ZEW Survey − Expectations (Jul) | -67.0 | -63.8 | ||
| 12:30 | US | Building Permits (MoM) (Jun) | 970K | 969K | ||
| 12:30 | CA | Canadian Investment in Foreign Securities (May) | -$5.99B | |||
| 12:30 | US | Continuing Jobless Claims (Jul 5) | 3205 | 3202K | ||