Tuesday, Jul 14, 07:47 GMT
EUROPEAN Trading Newsletter
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- Learning Center: New chapter online: Fundamental Analysis Read it now!
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- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Slight Risk Appetite Returns Through Corrections − Update by Tim Salem
We close The NYSE in Positive Territory with The Dow and The S&P… as The Nikkei Futures look Well−Bid to open and continue on with the Global Equity Momentum.
FX Market Readings: After week beginning false move by Dr. S. Sivaraman
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jul 14, 14:00 GMT
Type of Session: Webinar
Updated 2009 Markets Forecasts − Perception vs. Reality in the Globalization 3.0 Credit Bubble "Deleveraging Purge"
Expert: John W. O'Donnell
Start: Tue, Jul 14, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 14, 12:00 GMT | Managing Risk to Target Consistent Profitability in the Forex Market  | James Chen | WBN |  |
| Tue, Jul 14, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Jul 14, 15:00 GMT | Updated 2009 Markets Forecasts − Perception vs. Reality in the Globalization 3.0 Credit Bubble "Deleveraging Purge" | John W. O'Donnell | WBN | |
| Tue, Jul 14, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
Current Session: Europe
EUR/USD: Neutral Hourly Sentiment is Seen in the Immediate−Term
FXstreet.com Independent Analyst Team − Price finds Dynamic Support @ the 1.3958 Daily Pivot with a steady Hourly Coiling Price Behavior. As this Price Action progresses, The Symmetrical Triangle currently in Formation will be likely to Break as Volatility increases. A 20SMA/200SMA Hourly Bullish Cross is underway as the slight Uptrend within The Triangle looks to Clip the 1.3997 Daily Static Resistance. RSI Readings and Slope confirm the Neutral View at "52", and Price Appreciation sees 1.4022 Resistance if Initial Resistance is seen. To the Downside, Failure to hold the Pivot sees 1.3918 and 1.3894 Support to break The Triangle Apex.
USD/JPY
Attempt small shorts at 93.20 by Mizuho Corporate Bank
Almost too good to be true as for a third time the US dollar bounces strongly from the 91.80/91.73 area to form a ‘spike low'. This has eased the oversold situation but momentum is still decidedly bearish.
GBP/USD
Forecast on USD Majors (EURUSD, GBPUSD, USDJPY) by Precise Trader
The Hourly Oscillators are bullish but weak and price is above the MA, so Cautious approach is needed. Hourly Trend is Sideways Up while 16140 level holds and Daily Trend is Sideways Down while 16505 holds.
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
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 14 | 08:30 | Core Consumer Price Index (YoY) | 1.6% | 1.6% |
| Jul 14 | 08:30 | Consumer Price Index (YoY) | 1.8% | 2.2% |
| Jul 14 | 08:30 | Consumer Price Index (MoM) | 0.3% | 0.6% |
Friday Notes - We expect headline inflation to ease further to 1.8% for June by UniCredit Group
We expect headline inflation to ease further to 1.8% for June. The disinflation process is widespread. Core inflation should have eased to 1.5% from the previous 1.6%; and another downward contribution should come from non−core components, as fuel and food prices, though rising month−over−month, will benefit from a favorable base effect.
[ Full Story ]Fundamental Forex Foundations - Consumer Price Index (Core) by FXstreet.com Independent Analyst Team
Market Session Recaps - London Session by FOREX.com
Top Market Movers Review
Australia NATIONAL AUSTRALIA BANK'S BUSINESS CONDITIONS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 14 | 01:30 | National Australia Bank's Business Conditions | -2 | - | -14 |
Australia June Business Confidence Index rises 6 points (Forex Live)
Australia: Firms are feeling more confident with the Business confidence Index rising 6 points to +4, the first positive number since Dec 2007. June Business conditions Index rose 12 points to −2, the highest in nine months. A pickup in sales and forward orders led to a record improvement in employment intentions with the NAB business employment index jumped a record 18 points to −7.
[ Full Story ]- Read the Business data at NAB
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 13 | 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Jun) | 1.4% | -0.8% | |
| 23:01 | UK | RICS House Price Balance (Jun) | -18.1% | -40.1% | -43.8% |
|
| Jul 14 | 01:30 | AU | National Australia Bank's Business Conditions (Jun) | -2 | -14 | |
| 01:30 | AU | National Australia Bank's Business Confidence (Jun) | 4 | -2 | ||
| 08:30 | UK | Consumer Price Index (MoM) (Jun) | 0.3% | 0.6% | ||
| 08:30 | UK | Consumer Price Index (YoY) (Jun) | 1.8% | 2.2% | ||
| 08:30 | UK | Core Consumer Price Index (YoY) (Jun) | 1.6% | 1.6% | ||
| 08:30 | UK | DCLG House Price Index (YoY) (May) | -12.6% | -13.0% | ||
| 08:30 | UK | Retail Price Index (MoM) (Jun) | 0.3% | 0.6% | ||
| 08:30 | UK | Retail Price Index (YoY) (Jun) | -1.6% | -1.1% | ||
Educational Resources
This Data point largely measures the average change in sale prices received by the domestic producers of goods and services excluding food and energy within the economy. The data is released at approximately 12:30 GMT. Read this new educational report by Tim Salem!
Other indicators covered in this series
Institute for Supply Management (ISM) Services (Non−Manufacturing)