Monday, Jul 21, 07:53 GMT
EUROPEAN Trading Newsletter
Featured
Featured Forex DVDs
FXstreet.com DVD Series − Support and Resistance Trading by Rob Booker and Dave Murphy
In this 2−DVD set, Rob Booker and Dave Murphy guide you through the powerful and easy−to−use trading techniques that have made their FXstreet.com blog one of the most popular forex blogs on the web. Step−by−step, you will learn to set up trades on any currency pair, on any time frame chart. All the trading setups that you will learn come with examples, and full descriptions of why the setups work.
To Get Started
- FXstreet.com International Traders Conference: Early Bird Discount extended until July 31st! Register before it's too late
- Webinar VIDEOS: Short term Forex Trading Strategies, Breakouts and Reversals by Sam Seiden
- Trade Setups Blog: Forex Set ups 21 July '08 by Phil Newton
- 1st on Forex Blog: Week Ahead for July 21 − 25 Calendar by Jerry Furst
- FxBootcamp Blog: Weekly Pivot Points by Wayne McDonell
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Jul 21, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jul 21, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 21, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Jul 21, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jul 21, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jul 21, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe
EUR/CHF
Daily Recommended Trades − EURCHF: Important resistance is formed into the 1.6215 zone by E−Forex
Important resistance is formed into the 1.6215 zone and it is being tested now, followed by 1.6240 and 1.6300. A potential break of the initial resistance at 1.6215 could encourage further gains towards 1.6300 today while on the downside, support starts at 1.6200 backed by 1.6150. Both intraday and short term studies are bullish.
- 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 edged higher on Friday in quiet trading by Global Forex Trading
Daily Market Outlook by AceTrader
Daily Forex Outlook − Citigroup Earnings Aid Dollar by Easy Forex
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
Currency Performance Report
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
Week Ahead for July 21 − 25 Calendar by Jerry Furst, Director Investors Education Network
Week beginning expected moves ..... by Dr. S. Sivaraman, of i−knowindices.com
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.5845
07/21/2008 06:51 GMT - GBP/USD
- Moves down towards first support level 1.9910
07/21/2008 06:51 GMT - USD/CHF
- Trades above pivot level 1.0215
07/21/2008 06:51 GMT - USD/JPY
- Trades above pivot level 106.63
07/21/2008 06:52 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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 21 | 14:00 | Leading Indicators (MoM) | -0.1% | 0.1% |
Friday Notes - Downside risks to growth up again, says the index by HVB Group
Stocks were trampled, initial claims for unemployment were a little higher, delivery delays subsided, money supply sagged, and consumer confidence plunged. Together they point to renewed deterioration in the index, even if other components did a little better.
[ Full Story ]Top Market Movers Review
Switzerland PRODUCER AND IMPORT PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 21 | 07:15 | Producer and Import Prices (MoM) | 0.6% | - | 1.2% |
| Jul 21 | 07:15 | Producer and Import Prices (YoY) | 4.5% | - | 3.9% |
Swiss Producer and Import Prices continued growing in June (FXstreet.com)
Producer and import prices have continued rising in Switzerland in June, although, , driven by soaring oil prices, metals and food products, as the latest report by the Swiss Statistics Office shows.
[ Full Story ]- Read the official data at the Federal Statistical Office
- Switzerland: Producer and Import Prices inctrease 0.6% in Jun; 4.5% up year on year (FXstreet.com)
Australia PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 21 | 01:30 | Producer Price Index (QoQ) | 1.0% | - | 1.9% |
Australian 2Q Final PPI Rises 1.0% Vs 1Q (Dow Jones)
An index of final Australian producer prices rose 1.0% in the second quarter of 2008 from the first quarter and rose 4.7% from a year earlier, the Australian Bureau of Statistics said Monday. The index measures prices of capital and consumer items to final buyers.
[ Full Story ]- Read the Producer Price Index report at Australian Bureau of Statistics
- Australia's Q2 producer prices up less than feared (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 21 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Jun) | 1.0% | -1.6% | |
| 03:00 | NZ | Credit Card Spending (Jun) | 3.3% | 5.9% | ||
| 07:15 | CH | Producer and Import Prices (MoM) (Jun) | 0.6% | 1.2% | ||
| 07:15 | CH | Producer and Import Prices (YoY) (Jun) | 4.5% | 3.9% | ||
| 14:00 | US | Leading Indicators (MoM) (Jun) | -0.1% | 0.1% | ||
| 23:50 | JP | All Industry Activity Index (MoM) (May) | 0.4% | 0.8% | ||
| Jul 22 | 06:15 | CH | Trade Balance (Jun) | 1.60 | 1.87B | |
| 08:45 | UK | BoE's Governor King Speech | ||||
| 12:30 | CA | Retail Sales (MoM) (May) | 0.6% | |||
| 12:30 | CA | Retail Sales ex Autos (MoM) (May) | 1.1% | |||