Tuesday, Jul 29, 07:29 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: Diversification in the Forex by John Jagerson
- FXstreet.com DVD Series − Support and Resistance Trading − Buy it now! by Rob Booker and Dave Murphy
- Forex Basics: Trading reports for beginners
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
Posts for a slow Monday
FXstreet.com Weblog: UK forex market turnover jumps 31% in 6 months & 54% in 1 year by Francesc Riverola
The Foreign Exchange Joint Standing Committee published today the results of its Semi−annual FX turnover survey of April 2008. View the main results.
[ Full Story ]- London Remains Forex Capital Latest Surveys Show by Dow Jones
FX Market Readings: EURO and GBP expected to make a quick rise and drop... by Dr. S. Sivaraman
Trade Setups: Forex Set ups 28 July '08 by Phil Newton
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jul 29, 08:00 GMT
Type of Session: Webinar
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Jul 29, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 29, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Jul 29, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jul 29, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Tue, Jul 29, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN | |
Current Session: Europe
USD/JPY
Daily Forex Outlook − 107,52. USD JPY moves without trend and swings around exponential moving averages by Mataf.net
107,52. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 107,00 / 108,00 range. We won't take a position. The risk/reward ratio is too high to take a position.
- Quick firming up moves are sell opportunities by Dr. S. Sivaraman, of i−knowindices.com
- Support and Resistance Trading DVD by Andrei Pehar, Sr. Currency Strategist fxKnight.com
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Forex Analysis on Majors − Daily forecast by Forex Ltd
Daily Recommended Trades − Daily technical outlook − Tuesday 07.29.2008 by E−Forex
Daily Technical Analysis − EUR: Buy at 1.5750; stop below 1.5625 by Mizuho Corporate Bank
Currency Performance Report
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Blogs
Recap and follow up by Sunil Mangwani, CEO at FibForex123
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.5731
07/29/2008 06:59 GMT - GBP/USD
- Trades around opening price level 1.9940 , above pivot level 1.9914
07/29/2008 06:59 GMT - USD/CHF
- Trades below pivot level 1.0351
07/29/2008 06:59 GMT - USD/JPY
- Trades below pivot level 107.62
07/29/2008 07:00 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) | 3.2% | 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
Japan RETAIL TRADE S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 28 | 23:50 | Large Retailer's Sales | -3.9% | -3.4% | -2.1% |
| Jul 28 | 23:50 | Retail Trade s.a (MoM) | 0.0% | -0.2% | 0.2% |
| Jul 28 | 23:50 | Retail Trade (YoY) | 0.3% | -0.6% | 0.2% |
Japan Jun Overall Retail Sales Up 0.3% On Year (Dow Jones)
Japanese retail sales rose 0.3% in June from a year earlier, up for the 11th straight month, the government said Tuesday. In May, retail sales rose a revised 0.3% on year. The figures aren't adjusted for inflation. Sales at department stores and supermarkets slipped 3.9% on year after adjustment for the change in the number of stores, the Ministry of Economy, Trade and Industry said. That marked the third consecutive month of declines.
[ Full Story ]- Read the Retail Trade report at Japan Ministry of Economy, Trade and Industry
- Japan's June retail sales up 0.3 percent on increased fuel spending (Thomson Financial News)
Japan JOBLESS RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 28 | 23:30 | Jobless Rate | 4.1% | 4.0% | 4.0% |
Japan unemployment rate unexpectedly rises to 4.1 pct in June, highest in 2 yrs (Thomson Financial News)
Japan's unemployment rate unexpectedly rose to 4.1 percent in June from 4.0 percent in May as manufacturers cut their payroll due to concerns accelerating inflation may hurt earnings, government data showed on Tuesday.
[ Full Story ]- Read the Jobless Rate report at Japan Statistics Bureau
- Japan unemployment rate hits 2−yr high, job openings at 3−yr low − UPDATE 2 (Thomson Financial News)
- Japan unemployment rate hits 2−yr high, job openings at 3−yr low − UPDATE (Thomson Financial News)
- Japan's Jun Jobless Rate 4.1%; Market Expected 4.0% (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 28 | 23:50 | JP | Large Retailer's Sales (Jun) | -3.9% | -3.4% | -2.1% |
| Jul 29 | 00:00 | AU | Conference Board Australia Leading Index (May) | -0.1% | 0.3% | |
| 07:28 | DE | Consumer Price Index (MoM) (Jul)  | 0.5% | 0.3% | ||
| 07:28 | DE | Consumer Price Index (YoY) (Jul) | 3.2% | 3.3% | ||
| 08:00 | CH | UBS Consumption Indicator (Jun) | 1.91 | |||
| 08:30 | UK | M4 Money Supply (MoM) (Jun) | 0.5% | 0.3% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Jun) | 10.3% | 10.0% | ||
| 08:30 | UK | M4 Sterling Lending (Jun) | £4.8B | £7.5B | ||
| 08:30 | UK | Mortgage Approvals (Jun) | 37K | 42K | ||
| 08:30 | UK | Net Lending to Individuals (Jun) | £5.0B | £5.4B | ||