Tuesday, Jul 22, 07:34 GMT
EUROPEAN Trading Newsletter
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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: Institutional Trading Strategies: The ABCs of Fibonacci by Andrei Pehar
- The Trader's Edge Blog: Pro Pipper Trading Needs Your Input! by Ross Yamashita
- 1st on Forex Blog: Week Ahead for July 21 − 25 Calendar by Jerry Furst
- The Disciplined Trader: Face it, we make more mistakes under pressure! by Pierre Charlebois
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jul 22, 08:00 GMT
Type of Session: Webinar
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Jul 22, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 22, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Jul 22, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jul 22, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Tue, Jul 22, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − Daily technical outlook − Tuesday 07.22.2008 by E−Forex
Recent climb past the 1.5885/90 initial resistance confirms the uptrend and important resistance at 1.5930/35 is on focus at the time of this writing. A potential break of the 1.5930/35 barrier may encourage a rally towards the 1.6 zone where next important resistance levels are seen at 1.6020 an 1.6050. The upside will remain on focus while intraday support into the 1.5880 region is intact. Stronger support is seen at 1.5840/50.
- 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
Banks' Analysis:
Forex Trading Strategies − USD leans to the weak side again by Saxo Bank
Daily Technical Analysis − EUR: Attempt small longs on a dip to 1.5900 by Mizuho Corporate Bank
Daily Forex Commentary − Earnings Announcements are Still a Theme by Jyske Bank
Weekly Outlook
Weekly Update − The Chinese yuan is lower vs. the dollar at 6.83 amid talk of slowing appreciation by Union Bank of California
Currency Performance Report
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
EUR/USD Short Term Analysis by Ross Yamashita, owner of Pro Pipper Trading
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5920 , above pivot level 1.5893
07/22/2008 06:52 GMT - GBP/USD
- Trades above pivot level 1.9992
07/22/2008 06:53 GMT - USD/CHF
- Trades around opening price level 1.0177 , below pivot level 1.0195
07/22/2008 06:53 GMT - USD/JPY
- Trades around opening price level 106.45 , below pivot level 106.65
07/22/2008 06:53 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 PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 22 | 14:00 | Housing Price Index (YoY) | - | -4.6% |
| Jul 22 | 14:00 | Housing Price Index (MoM) | -0.5 | -0.8 |
US economic indicators - We therefore expect that new home sales fell to about 498k by BHF−Bank
Pending home sales rose 7.1% mom in April, only to fall back by 4.7% in May. Against this background, existing home sales recovered to 4.99m in May. However, as pending sales lead existing sales by 1 to 2 months, the April spike is likely to appear in the June sales numbers as well.
[ Full Story ]Top Market Movers Review
Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 22 | 06:15 | Trade Balance | 2.41B | 1.60 | 1.87B |
Swiss trade surplus widens to all time high in June (FXstreet.com)
Swiss trade in goods and services with the rest of the world has posted the largest surplus ever in June, according to figures released by the Swiss Customs Office.
[ Full Story ]- INSTANT VIEW 1−Swiss trade surplus hits record high in June (Thomson Financial News)
- TABLE−Swiss trade surplus widens to 2.4 bln Sfr in June (Thomson Financial News)
- SWISS WATCH EXPORTS RISE 13.4 PCT IN NOMINAL TERMS TO 1.58 BLN SFR IN JUNE (Thomson Financial News)
Japan ALL INDUSTRY ACTIVITY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 21 | 23:50 | All Industry Activity Index (MoM) | 0.4% | 0.4% | 0.8% |
Japan all−industries index rises 0.4 percent in May (Thomson Financial News)
Japan's all−industries index rose 0.4 percent in May from April, as strong gains in industrial output more than offset weaker spending in the services sector, the Ministry of Economy, Trade and Industry said on Tuesday. The index, which covers a broad range of economic activity including spending in the services sector, rose 0.8 percent in April from March.
[ Full Story ]- Read the All Industry Activity Index report at Japan Ministry of Economy, Trade and Industry
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 21 | 07:15 | CH | Producer and Import Prices (MoM) (Jun) | 0.6% | 1.2% | |
| 14:00 | US | Leading Indicators (MoM) (Jun) | -0.1% | -0.1% | -0.2% |
|
| 23:50 | JP | All Industry Activity Index (MoM) (May) | 0.4% | 0.4% | 0.8% | |
| Jul 22 | 06:15 | CH | Trade Balance (Jun) | 2.41B | 1.60 | 1.87B |
| 08:45 | UK | BoE's Governor King Speech | ||||
| 12:10 | US | Treasury Secretary Paulson speech | ||||
| 12:30 | CA | Retail Sales (MoM) (May) | 0.5% | 0.6% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (May) | 0.6% | 1.1% | ||
| 14:00 | US | Housing Price Index (MoM) (May) | -0.5 | -0.8 | ||
| 14:00 | US | Housing Price Index (YoY) (May) | -4.6% | |||