Monday, Jul 28, 07:51 GMT
EUROPEAN Trading Newsletter
Featured
3 reasons to register now for the ITC 2008:
Last days to enjoy the Early Bird Discount to attend the ITC 2008. Register before July, 31st and save money.
2. Improve your trading skills! 8 key Speakers will help you.
You will have the opportunity to interact and learn directly from: Rob Booker, Lars Christensen, Dirk D. du Toit, Derek Frey, Sunil Mangwani, Phil Newton, Jamie Saettele and Sam Seiden.
3. Live an unforgettable human experience!
Rob Booker was already there in 2007. Watch the video and see why he is coming back this year with an educative and helpful topic: Developing the Trader's Mind: Strategies for Long Term Success (Trading Psychology).
To Get Started
- Webinar VIDEOS: Trading the Summer Months by Adam Rosen
- Live Charts Window: 100 charts in real time
- Support and Resistance Trading − Buy it now! by Rob Booker and Dave Murphy
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Forex Blogs
Market Psychology posts
The Disciplined Trader: Money: What is your relationship with it? by Pierre Charlebois
Here are a few questions we should all ask ourselves from time to time to be sure we are challenging potential negative belief that may be keeping us from accumulating wealth and/or security.
- Daily Radio Show − What the Fed?! And Pierre Charlebois by Rob Booker
FX Path: Paralysis by Analysis by James Chen
The Trader's Edge: The Basics by Ross Yamashita
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Jul 28, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jul 28, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 28, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Jul 28, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jul 28, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jul 28, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.5718) Double top off 1.5782 by KBC Bank
Drop from 1.6040 broke below daily channel bottom off 1.5302 and Double Top off 1.5782 (see graph): 1st Support area at 1.5685 (reaction low hourly), with next levels at 1.5627/ .5617 (current reaction low off 1.6040/ daily envelope bottom), ahead of 1.5611/ .5609 (July 07 low/ daily Bollinger bottom), ahead of 1.5585/ .5573 (1st C wave off 1.6040 + weekly envelope bottom/ 61.8% 1.5285 to 1.6040): tough on 1st attempts.
- EURO and GBP expected to make a quick rise and drop... Dr. S. Sivaraman, of i−knowindices.com
- 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:
Weekly Technical Strategist − EURUSD: Range Trading To Downside Pressure Looks To Continue by FXTechstrategy
Banks' Analysis
Daily Forex Commentary − A slow start to a busy week by Jyske Bank
Forex Trading Strategies − Carry trades rallied sharply Friday after Thursday's sell−off on rise in yields by Saxo Bank
Weekly Analysis
Weekly Forex Market Commentary − The French Consumer confidence index for July is due on Tuesday by Global Forex Trading
Currency Performance Report
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Blogs
Week Ahead for July 28 − August 1 Calendar by Jerry Furst, Director Investors Education Network
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.5703
07/28/2008 07:00 GMT - GBP/USD
- Moves down below pivot level 1.9902
07/28/2008 07:00 GMT - USD/CHF
- Trades around pivot level 1.0364
07/28/2008 07:01 GMT - USD/JPY
- Trades above pivot level 107.47
07/28/2008 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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 29 | 00:00 | Consumer Price Index (YoY) | - | 3.3% |
Friday Notes - We expect the inflation rate to moderate appreciably by HVB Group
The recent correction in the oil price will probably have already prevented a further strong rise in energy prices in the July survey. After the very strong rise in consumer prices in the same month of the previous year, we expect the inflation rate to moderate appreciably. The core rate (ex energy and food) should also dip clearly below the 2% mark.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 28 | 06:10 | Gfk Consumer Confidence Survey | 2.1 | - | 3.6 |
German August GfK consumer confidence weakens further than expected (FXstreet.com)
Consumer confidence for August has worsened considerably in Germany, with economic expectations, current situation and buying propensity among German citizens posting weaker levels than on the previous month's survey, according to the GfK forward looking indicator.
[ Full Story ]- GfK Group
- 2nd UPDATE: German Consumer Confidence Hits 5−Year Low (Dow Jones)
- Germany's GfK sees Aug consumer climate index at 2.1 points, a 5−year low UPDATE (Thomson Financial News)
- Germany's GfK sees July consumer climate index at 2.1 points vs 3.6 in July (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 27 | 22:45 | NZ | Trade Balance (Jun) | -223M | -196M | |
| Jul 28 | 06:10 | DE | Gfk Consumer Confidence Survey (Aug) | 2.1 | 3.6 |
|
| 22:45 | NZ | Building Permits (MoM) (Jun) | -42.3% | |||
| 23:30 | JP | Jobless Rate (Jun) | 4% | |||
| 23:30 | JP | Overall Household Spending (YoY) (Jun) | -3.2% | |||
| 23:50 | JP | Large Retailer's Sales (Jun) | -2.1% | |||
| 23:50 | JP | Retail Trade (YoY) (Jun) | 0.2% | |||
| 23:50 | JP | Retail Trade s.a (MoM) (Jun) | 0.2% | |||
| Jul 29 | 00:00 | DE | Consumer Price Index (YoY) (Jul)  | 3.3% | ||
| 08:00 | CH | UBS Consumption Indicator (Jun) | 1.91 | |||