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Forex Blogs
FX Bootcamp: Video post − Shorter and longer term yen perspective by David R Pegler
for today's video outlook I examine the Pound Yen in detail, it's an interesting discussion today as I talk about both the shorter and longer term yen perspective. Today is going to be challenging coordinating the shorter and longer term price action however I expect a good fluid day of trading.
FX Path: NFA FIFO Rule for Forex by James Chen
FX Market Readings: A day after upward massive rise by Dr.S. Sivaraman
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Live Sessions Schedule
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jul 10, 15:00 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Jul 13, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jul 10, 09:00 GMT | Trading the Harmonic patterns  | Sunil Mangwani | WBN |  |
| Fri, Jul 10, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Jul 13, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Jul 13, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
Current Session: Europe
Further Depreciation see the Accumulation moving through 92.51
FXstreet.com Independent Analyst Team − Neutral to Bearish Sentiment is seen with Price holding The Daily Pivot 92.98 Area, as further Depreciation see the Accumulation moving through 92.51 Daily Static Support onto 92.22 and the 91.75 Static Low to form an Hourly Rounded Double−Bottom Formation if the Area is Held. The 20SMA?200SMA Hourly Bearish Cross and RSI reading and Slope of "44" confirm the Depreciating View in the Immediate−Term, although a Break of this Congestion Zone sees 93.45 Static and 93.74 Dynamic Resistance Levels.
EUR/USD
Possibly attempt small longs at 1.3920 by Mizuho Corporate Bank
Bouncing nicely from the top of a large Ichimoku ‘cloud' and looking increasingly like ‘triangle' consolidation since early June. It will probably bump along cautiously sideways over the coming week too because bullish momentum is very low indeed.
Yen
Forecast on JPY Crosses by Precise Trader
GBPJPY closed @ 15195 which closed above the open but was within prior day's trading range. The Low was 30 pips shy of our U turn Zone and turned up. The Hourly Oscillators mixed but approaching over bought and the price is below the MA, so Cautious approach is needed.
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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 10 | 12:30 | Trade Balance | -$30.00B | -$29.16B |
US economic indicators - Trade balance (May): higher deficit mainly due to rising energy prices by BHF−Bank
After having widened slightly in April, the trade deficit is likely to have risen again due to higher energy prices. We expect it to have increased by $1.8bn to $31bn in May. Both exports and imports will have fallen noticeably again due to weak global demand and automobile factory shutdowns.
[ Full Story ]Sunrise Market Commentary - German Finance Minister warns again for a credit crunch by KBC Bank
Top Market Movers Review
Japan DOMESTIC CORPORATE GOODS PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 9 | 23:50 | Domestic Corporate Goods Price Index (YoY) | -6.6% | -6.4% | -5.5% |
Japan June CGPI Table Of Data (Dow Jones)
The following is a table of the corporate goods price indexes for June, together with the percentage changes from a month and a year earlier. The dollar traded at an average Y96.57 during the latest reporting month, with the yen weakening 0.3% from May and appreciating 9.7% from a year earlier.
[ Full Story ]- Read the CGPI data at Bank of Japan
- Japan June CGPI falls 6.6%, largest on record (Forex Live)
- Jpan CGPI data out at 2350 GMT (Forex Live)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 10 | 00:00 | G8 Meeting | ||||
| 06:00 | DE | Wholesale Price Index (MoM) | 0.9% | 0.1% | ||
| 06:00 | DE | Wholesale Price Index (YoY) | -8.8% | -8.9% | ||
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (Jun) | 0.8% | 0.4% | ||
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Jun) | -9.4% | |||
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Jun) | 0.3% | 0.4% | ||
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (Jun) | -0.3% | |||
| 11:00 | CA | Net Change in Employment (Jun) | -34.3K | -41.8K | ||
| 11:00 | CA | Unemployment Rate (Jun) | 8.7% | 8.4% | ||
| 12:30 | US | Import Price Index (MoM) (Jun) | 1.8% | 1.3% | ||