Wednesday, Jul 15, 07:42 GMT
EUROPEAN Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
To Get Started
- Webinar Videos: Can we make money in these slow markets? by Adam Rosen
- All the events of the day in our Economic Calendar
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
The Trader's Edge: EUR/USD Briefs and NZD/USD Chart Analysis by Ross Yamashita
The EUR/USD appears like it's forming a nice Contracting Triangle (CT) formation on the 10 minute chart. Remember, as we move along and get further and further into the triangle, we're going to see a breakout soon. Be prepared for that. Looking at other currency pairs, let's pull up the NZD/USD 10 minute chart.
FX Market Readings: Wide range swings lead to further rise by Dr. S. Sivaraman
Forex Trading Today: Neutrality Keeps Strength and Weakness in View by Tim Salem
Share your opinions with your fellow traders at FXstreet.com Forum
Sponsored by 
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jul 15, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Support, Resistance and volume Activity
Expert: Phil Newton
Start: Wed, Jul 15, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 15, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jul 15, 10:00 GMT | Support, Resistance and volume Activity | Phil Newton | WBN | |
| Wed, Jul 15, 11:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Wed, Jul 15, 13:00 GMT | Main Fundamental theme in the Currency market | Terri Belkas | WBN |  |
Current Session: Europe
EUR/USD climbs to post 1.4070 as fresh intra−week high
FXstreet.com − EUR/USD has jumped up around 100 pips in the last hour from 1.3975 to break the 1.4000/10 strong resistance zone, trade above 1.4050 and post 1.4070 as fresh intra−week hight in optimism on earning reports and stocks higher.Currently the pair is trading around 0.50% above today's opening price action to trade around 1.4050/60. EUR/USD continues, thus, with is recovery from 1.3911, yesterday low. News from Japan on Bank of Japan extents emergency−credit measures and earning optimism has fueled risk appetite and Dollar is under pressure today's Wednesday session.
GBP/USD
Attempt small longs at 1.6385 by Mizuho Corporate Bank
Rallying slowly after the previous day's ‘hammer' candle ahead of the top of the Ichimoku ‘cloud' and the bottom of the ‘triangle'. Expect a test of the top of the formation later this week.
USD crosses
Forecast on USD Minors by Precise Trader
USD/CHF: The Hourly Oscillators are mixed and the price is approaching the MA, so Cautious approach is needed. Hourly Trend is Sideways while 10805 holds and Daily Trend is also Sideways while 10585 holds, so expect the price to be choppy.
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
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 15 | 09:00 | Consumer Price Index − Core (YoY) | 1.5% | 1.5% |
| Jul 15 | 09:00 | Consumer Price Index (MoM) | 0.2% | 0.1% |
Friday Notes - EMU, CPI: Inflation turns negative by UniCredit Group
The preliminary June CPI release reported the first negative reading ever on eurozone inflation. We expect that the final release will confirm the preliminary estimate. As for the breakdown, food inflation probably contributed the most to the slowdown, while core and energy inflation moved sideways. Headline inflation is likely to trough in July.
[ Full Story ]EMU economic indicators - Final HICP is likely to be confirmed at −0.1 % yoy by BHF−Bank
Top Market Movers Review
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 15 | 04:35 | BoJ Interest Rate Decision | 0.1% | 0.1% | 0.1% |
BOJ To Extend Liquidity Measures, Keeps Key Rate Unchanged (Dow Jones)
The Bank of Japan Wednesday kept its outlook for the nation's economy and prices largely unchanged from its semiannual report issued in April, but extended temporary liquidity measures designed to aid corporate financing, showing the continued fragility of Japan's economy. The board also voted unanimously to keep the unsecured overnight call loan rate on hold at 0.10%.
[ Full Story ]- BOJ: Business Sentiment Has Stopped Deteriorating (Dow Jones)
- BOJ: Japan Economy Has Stopped Worsening (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 14 | 21:00 | US | ABC/Washington Post Consumer Confidence (Jul 12) | -51 | -52 | |
| Jul 15 | 04:35 | JP | BoJ Interest Rate Decision | 0.1% | 0.1% | 0.1% |
| 06:00 | JP | Machine Tool Orders (YoY) (Jun) | -72.8% | -79.2% | ||
| 07:15 | CH | Adjusted Real Retail Sales (YoY) (May) | -1.4% | 0.8% | 1.2% | |
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (May) | 2.6% | 2.7% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (May) | 2.1% | 0.8% | ||
| 08:30 | UK | Claimant Count Rate (Jun) | 5.0% | 4.8% | ||
| 08:30 | UK | ILO Unemployment Rate (3M) (May) | 7.4% | 7.2% | ||
| 08:30 | UK | Jobless Claims Change (Jun) | 41.2K | 39.3K | ||
| 09:00 | EMU | Consumer Price Index − Core (YoY) (Jun) | 1.5% | 1.5% | ||
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)