Friday, Jul 18, 07:14 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Forex Options
Expert: S. Wade Hansen
Start: Fri, Jul 18, 13:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jul 18, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Fri, Jul 18, 14:00 GMT | Banging around the Bands | Chris Capre | WBN | |
| Fri, Jul 18, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe
EUR/CHF
Daily Recommended Trades − Resistance into the 1.6210/15 region has limited the upside by E−Forex
Resistance into the 1.6210/15 region has limited the upside and current decline may bring support into the 1.6120 zone on focus. Below 1.6120 there is fib support at 1.6100 and 1.6075. Key medium term resistance into the 1.6210 region formed by the 200 MA and by a falling trendline forming a downward channel may remain intact and encourage yet another test of the downside into the 1.5980 region within the next days. Current quote is 1.6170.
- 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:
Hedging Range Trades − Singapore Dollar to Bounce from Historic Lows, Hedge Offers Downtrend Entry by FXCM
Daily Market Commentary − The dollar pad its bounce on Thursday by Global Forex Trading
Banks' Analysis
Daily Technical Analysis − EUR: Attempt small longs at 1.5865, adding to 1.5810 by Mizuho Corporate Bank
Currency Performance Report
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
NZD/CAD Trade Set Up by Ross Yamashita, owner of Pro Pipper Trading
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.5847
07/18/2008 06:58 GMT - GBP/USD
- Trades around first support level 1.9969
07/18/2008 06:58 GMT - USD/CHF
- Trades around pivot level 1.0194
07/18/2008 06:58 GMT - USD/JPY
- Trades above pivot level 106.02
07/18/2008 06:59 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 TRADE BALANCE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jul 18 | 09:00 | Trade Balance n.s.a. | -€1.0B | €2.3B |
| Jul 18 | 09:00 | Trade Balance s.a. | €0.8B | €2.2B |
EMU economic indicators - The EMU trade balance will probably have deteriorated in May by BHF−Bank
EMU industrial production is expected to have plummeted in May, just like most of the corresponding national figures and partly due to calendar effects. The EMU trade balance will probably have deteriorated in May, just like the corresponding German figure.
[ Full Story ]Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 18 | 06:00 | Producer Price Index (MoM) | 0.9% | 0.7% | 1.0% |
| Jul 18 | 06:00 | Producer Price Index (YoY) | 6.7% | 6.5% | 6.0% |
DATA SNAP: German June PPI Posts Strongest Rise Since 1982 (Dow Jones)
German producer prices surged 6.7% on the year in June, posting their strongest annual rise since March 1982, the Federal Statistics Office said Friday. Prices at Germany's factory gates increased 0.9% from May.
[ Full Story ]- Read the PPI data at German Statistics
- German June PPI up 0.9 pct vs May, up 6.7 pct year−on−year (Thomson Financial News)
- German PPI grew at a fast pace in June (FXstreet.com)
Japan BOJ MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 17 | 23:50 | BoJ Minutes | - | - | - |
Bank of Japan warns of further rise in global inflation − June minutes (Thomson Financial News)
A member of the Bank of Japan's policy board expressed concern about a further rise in global inflation, while pointing to the need for more active policy action in emerging markets, according to minutes of the BoJ's June 12−13 meeting released on Friday. This member said that strong demand in emerging markets contributed to the sustained rise in energy and material prices of late, and stressed that "global inflation pressure would further increase unless those economies took appropriate policy measures," the minutes said.
[ Full Story ]- Read the Minutes of the Monetary Policy Meetings at Bank of Japan
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 18 | 03:30 | JP | BoJ's Governor Shirakawa Speech | |||
| 05:30 | JP | Nationwide Department Sales (YoY) (Jun) | -7.6% | -2.7% | ||
| 06:00 | DE | Producer Price Index (MoM) (Jun) | 0.9% | 0.7% | 1.0% | |
| 06:00 | DE | Producer Price Index (YoY) (Jun) | 6.7% | 6.5% | 6.0% | |
| 08:30 | UK | M4 Money Supply (MoM) (Jun)  | 0.4% | 0.4% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Jun) | 9.7% | 10.0% | ||
| 08:30 | UK | M4 Sterling Lending (Jun) | £10.0B | £4.8B | ||
| 08:30 | UK | Public Sector Net Borrowing (Jun) | £7.4B | £11.0B | ||
| 09:00 | EMU | Trade Balance n.s.a. (May) | -€1.0B | €2.3B | ||
| 09:00 | EMU | Trade Balance s.a. (May) | €0.8B | €2.2B | ||