Thursday, Jul 31, 07:31 GMT
EUROPEAN Trading Newsletter
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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.
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- Forex Books - Books for traders at all levels
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Forex Blogs
Posts for the European Morning
The Trader's Edge: The Newest Addition to Pro Pipper Family by Ross Yamashita
I want to welcome the newest member of the Pro Pipper and FX Street family, my daughter, Kaylee.
She was born on July 30 in the morning.
FX Bootcamp: Forex Training | New York Session Review by Wayne McDonell
FX Path: USD/CHF Wednesday Evening (NY) Video Update by James Chen
Live Sessions Schedule
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Jul 31, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jul 31, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 31, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Thu, Jul 31, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Thu, Jul 31, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Jul 31, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe
USD/JPY
Forex Trading Strategies − Oil rally slows USD strength ahead of today's US Q2 GDP by Saxo Bank
The JPY crosses appear to be headed south this morning. USDJPY is looking a bit vulnerable to at least a short term correction as the momentum has come out of the rally of late and the last couple of highs have failed to hold. An obvious short−term correction target would be the area where the 200−day and 55−day moving averages are converging.
- Month end Volatile moves expected to prevail 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:
Daily Recommended Trades − Daily technical outlook − Thursday 07.31.2008 by E−Forex
Banks' Analysis
Daily Forex Commentary − EUR/USD in Play… by Jyske Bank
Forex Technical Analysis − EUR/USD: (1.5580) Head and Shoulders top threat while below 1.5611 (see graph) by KBC Bank
Today's Technical Trading Points by Danske Bank A/S
FX Analysts' Blogs
Technical Carry Trade Articles by James Chen, Chief Technical Analyst at FX Solutions
Currencies at a Glance
- EUR/USD
- Moves up above first resistant level 1.5619
07/31/2008 07:07 GMT - GBP/USD
- Moves up above pivot level 1.9798
07/31/2008 07:07 GMT - USD/CHF
- Moves down towards first support level 1.0440
07/31/2008 07:07 GMT - USD/JPY
- Moves down below first support level 107.77
07/31/2008 07:08 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
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 31 | 09:00 | Consumer Price Index (YoY) | 4.1% | 4.0% |
Friday Notes - We expect the inflation rate to climb to 4.1% in July by HVB Group
We expect the inflation rate to climb to 4.1% in July. Energy prices should be the sole driver of the acceleration: in fact, food inflation should hold broadly stable, while core inflation has not yet shown signs of second−round effects and is expected to move sideways.
[ Full Story ]Top Market Movers Review
UK NATIONWIDE HOUSING PRICES N.S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 31 | 06:00 | Nationwide Housing Prices n.s.a (YoY) | -8.1% | - | -6.3% |
| Jul 31 | 06:00 | Nationwide Housing Prices s.a (MoM) | -1.7% | - | -0.9% |
UK Nationwide house prices decline sharper than expected in July (FXstreet.com)
Home prices have posted a sharper than expected decline in the UK in July, and, reaching the lowest average price since August 2006, according to the latest release by the Nationwide Building Society.
[ Full Story ]- Official report by the Nationwide Building Society
- UK July house prices fall monthly 1.7 percent, 9th straight fall − Nationwide (Thomson Financial News)
- United Kingdom Nationwide Housing Prices n.s.a declines 1.7% in Jul; −8.1% year on year (FXstreet.com)
Switzerland CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 31 | 05:45 | Consumer Price Index (YoY) | 3.1% | 3.0% | 2.9% |
| Jul 31 | 05:45 | Consumer Price Index (MoM) | 0.4% | -0.4% | 0.2% |
Swiss inflation hits 15−year high in July on oil (Thomson Financial News)
Swiss consumer price inflation hit a 15−year high in July as soaring oil prices drove up costs for transport and energy, highlighting the risks to the Swiss National Bank's decision to leave interest rates unchanged.
[ Full Story ]- Inflation Report by the Swiss Confederation
- Swiss franc rises as Swiss inflation hits new high (Thomson Financial News)
- Swiss CPI rises 3.1 pct yr/yr in July (Thomson Financial News)
- Switzerland Consumer Price Index rises 0.4% in Jun; 3.1% up on the year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 31 | 05:45 | CH | Consumer Price Index (YoY) (Jul) | 3.1% | 3.0% | 2.9% |
| 06:00 | DE | ILO Unemployment Rate (Jun) | 7.3% | 7.4% | 7.4% | |
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) | -1.7% | -0.9% | ||
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Jul) | -8.1% | -6.3% | ||
| 07:55 | DE | Unemployment Change (Jul) | -20K | -38K | ||
| 09:00 | EMU | Consumer Price Index (YoY) (Jul)  | 4.1% | 4.0% | ||
| 09:00 | EMU | Unemployment Rate (Jun) | 7.2% | 7.2% | ||
| 12:30 | US | Continuing Jobless Claims (Jul 19) | 3155K | 3107K | ||
| 12:30 | US | Employment Cost Index (2Q) | 0.7% | 0.7% | ||
| 12:30 | CA | Gross Domestic Product (MoM) (Jun) | 0.2% | 0.4% | ||