Friday, Jul 03, 11:01 GMT
EUROPEAN Trading Newsletter
To Get Started
- Learning Center: New chapter online: Fundamental Analysis Read it now!
- Webinar Videos: Economic and Technical View of the Currency Market by Rob Booker
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a living: Triple top in cable at the european window by David Aranzabal
Today we had a triple top pattern in the Frankfurt − London window. A time when It's very common to find a reversal. This was at the same time we found a triple top in 60 min charts, so the signal was very powerfull.
CEO'S Weblog: FXstreet’s Mobile Site Touches New Highs in June 2009 by Francesc Riverola
FX Market Readings: Wide range swing moves for week end by Dr. S. Sivaraman
Sponsored by 
Live Sessions Schedule
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jul 3, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jul 3, 10:00 GMT | Candlesticks Charting | Mark De La Paz | WBN |  |
| Fri, Jul 3, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Jul 3, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Jul 3, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe
Still No Change in Tight Forex Ranges after ECB's Rate Decision
Swiss e Trade − The ECB decided to leave interest rates unchanged yesterday, which was expected by the market. But then the central bank's president announced more quantitative easing, but at the same time saying the ECB has done enough already. This confused the market, triggering a recovery of the dollar, which is still inversively linked to stock markets. We see a continued sideways market for currencies amidst economic uncertainty.
EUR/USD
Euro vs Dollar − Fundamental News by Master The Markets
Just to recap on yesterday's data the NFP posted some truly horrific numbers which were very much on the cards following the signal from Wednesday's ADP numbers.
EUR/USD
The pair is in an uptrend, after bottoming at 1.3506 by www.deltastock.com
Trading is situated above the 50− and 200−day SMA, currently projected at 1.4778 and 1.5510. Current consolidation is expected to be limited below 1.6430, before next leg downwards, to 1.6190 support area.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jul 6 | 14:00 | ISM Non−Manufacturing | 46 | 44 |
Live Daily Broadcast - Today's Live Show: A Look at the AUD, GBP and CAD Ahead of Important Reports Next Week by AllThingsForex
In the broadcast today: A Look at the AUD, GBP and CAD Ahead of Important Reports Next Week. We examine the AUD, GBP and CAD ahead of a sequence of important economic reports next week, we list the Top 10 spotlight economic events that will move the markets in the week ahead.
[ Full Story ]Fundamental Forex Foundations - Institute for Supply Management (ISM) Services (Non−Manufacturing) by FXstreet.com Independent Analyst Team
Top Market Movers Review
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 3 | 08:00 | Purchasing Manager Index Services | 44.7 | 44.5 | 44.8 |
UPDATE: Euro−Zone Output Decline Slows Further In June (Dow Jones)
[ Full Story ]- Markit Economics homepage
- CORRECT: DATA SNAP:Euro−Zone Jun Output Decline Slows Further (Dow Jones)
- DATA SNAP: Euro−Zone Output Decline Slows Further In June (Dow Jones)
- Euro Zone Services PMI declines to 44.7 in Jun from 44.8 (FXstreet.com)
FX View - U.S. Employment report creates more waves by Interactive Brokers LLC
EMU economic indicators - EMU PMI: Probably unchanged by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 3 | 00:00 | US | Markets Closed for Bank Holiday | |||
| 08:30 | UK | Purchasing Manager Index Services (Jun) | 51.6 | 51.5 | 51.7 | |
| 09:00 | EMU | Retail Sales (MoM) (May) | -0.4% | -0.1% | 0.2% | |
| 09:00 | EMU | Retail Sales (YoY) (May) | -3.3% | -2.7% | -2.3% | |
| Jul 6 | 01:30 | AU | ANZ Job Advertisements (Jun) | -0.2% | ||
| 05:00 | JP | Coincident Index (May)  | 86% | |||
| 05:00 | JP | Leading Economic Index (May) | 76.2 | |||
| 08:30 | EMU | Sentix Investor Confidence (Jul) | -27 | |||
| 14:00 | US | ISM Non−Manufacturing (Jun) | 46 | 44 | ||
| 22:00 | NZ | NZIER Business Confidence (2Q) | -65 | |||