Wednesday, Jul 23, 07:43 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: Institutional Trading Strategies: The ABCs of Fibonacci by Andrei Pehar
- Analyst Comments: The best opinions from the pros selected by our editors
- Forex Basics: Trading reports for beginners
- Indicator Charts - NEW SECTION!: 70 technical indicators with fully customizeable settings
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.
Forex Blogs
The disciplined trader: Trading Involves Two People: You and You by Pierre Charlebois
Trading is like golf and you are only really playing against yourself. In trading this is exactly what is happening as well. You see, the struggles we face as humans is we think it is us against the world at times, because of many of the experiences we have faced on our personal journey through life.
More Blogs
- 1st on Forex: Dollar Soars on FOMC Statement Suggesting Rate Hike by Jerry Furst
- Market readings: EURO and GBP expected to Make volatile moves for a day... by Dr. S. Sivaraman
- CEO's Blog: FX Trader of the Year 2008 Contest − We have winners names by Francesc Riverola
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jul 23, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jul 23, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 23, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jul 23, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jul 23, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Jul 23, 13:00 GMT | Main Fundamental theme in the Currency | Boris Schlossberg | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The Euro declined on yesterday by E−Forex
The Euro declined on yesterday, testing bids into the 1.5760 zone. The failure to take out the resistance into the 1.5930/35 region along with the daily close below weekly support into the 1.5780 region is quite significant for the Euro, providing a downside bias for now. Resistance is now seen at 1.5820 followed by 1.5850 and 1.5930/35. On the other side, support is emerging at 1.5755/60 backed by 1.5725, 1.5670 and 1.5610. A resume of the decline could bring the support into the 1.5670 zone on focus while on the upside, a break above 1.5850 will resume uptrend.
- EUR/USD Tuesday Evening (NY) Video Update
- Support and Resistance Trading DVD by Rob Booker. Discover his powerful trading strategies and techniques!
- 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:
Currency Majors Technical Analysis by Mataf.net
Banks' Analysis
Daily Technical Analysis − EUR: Attempt small longs at 1.5800; stop below 1.5700 by Mizuho Corporate Bank
Today's Technical Trading Points by Danske Bank A/S
Forex Technical Analysis − EUR/USD: (1.5797) New high off 1.5302 but back below channel and redrawn Uptrendline by KBC Bank
Currency Performance Report
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Blogs
EURO and GBP expected to Make volatile moves for a day... by Dr. S. Sivaraman, of i−knowindices.com
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5782 , below pivot level 1.5829
07/23/2008 06:58 GMT - GBP/USD
- Trades around opening price level 1.9915 , below pivot level 1.9962
07/23/2008 06:59 GMT - USD/CHF
- Trades around opening price level 1.0309 , above pivot level 1.0259
07/23/2008 07:00 GMT - USD/JPY
- Moves up towards first resistant level 107.83
07/23/2008 07:01 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 FED'S BEIGE BOOK
| Date (GMT) | Event | Cons. | Previous | |
| Jul 23 | 18:00 | Fed's Beige Book | - | - |
Friday Notes - Stagflation fears take center stage again! by HVB Group
The twelve district Fed banks collect comments from business contacts. Lately, they have depicted a sputtering economy but with some countervailing strengths, notably in the export sector. That portrait of weakness that falls short of an outright recession probably was reinforced by June−July responses.
[ Full Story ]Top Market Movers Review
Australia CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 23 | 01:30 | Consumer Price Index (QoQ) | 1.5% | 1.3% | 1.3% |
| Jul 23 | 01:30 | Consumer Price Index (YoY) | 4.5% | 4.3% | 4.2% |
DATA SNAP: Australian CPI Speeding Up (Dow Jones)
Australia's consumer price index rose 1.5% in the second quarter of 2008 from the first quarter and rose 4.5% from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists on average had expected that the CPI rose 1.2% from the previous quarter and rose 4.3% from a year earlier. In the first quarter, the CPI rose 1.3% on quarter and 4.2% on year.
[ Full Story ]- Read the Consumer Price Index report at Australian Bureau of Statistics
- INSTANT VIEW−Australia core inflation at 17−yr high in Q2 (Thomson Financial News)
- Australia Q2 CPI rises 1.5 pct qtr/qtr, up 4.5 pct yr/yr (Thomson Financial News)
- DATA SNAP: Australian CPI Slowing Down/Speeding Up −2− (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 22 | 21:00 | US | ABC/Washington Post Consumer Confidence (Jul 20) | -41 | -42 | -41 |
| 22:45 | NZ | Building Permits (MoM) (Jun) | -42.3% | |||
| Jul 23 | 01:30 | AU | Consumer Price Index (QoQ) (2Q) | 1.5% | 1.3% | 1.3% |
| 01:30 | AU | Consumer Price Index (YoY) (2Q) | 4.5% | 4.3% | 4.2% | |
| 08:30 | UK | Bank of England Minutes | ||||
| 08:30 | UK | BBA Mortgage Approvals (Jun) | 27.968K | |||
| 09:00 | EMU | Industrial New Orders (YoY) (May) | 3.2% | 11.7% | ||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (May) | -1.0% | 2.5% | ||
| 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Jul) | -6 | 1 | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Jun) | 0.1% | 0.3% | ||