Tuesday, Jul 21, 07:58 GMT
EUROPEAN Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: The BoC Overnight Rate and The Loonie by Tim Salem (CVJ)
We turn our attention to the Bank of Canada and the Overnight Call Rate Decision at 13:00 GMT. While the BoC deals with much of the same Sentiment and Information as most other Global Central Banks, Quantitative Easing really is not in the picture as long as The Canadian Dollar Itself looks to Correction.
FX Market Readings: Swing and slide moves are expected before next rise by Dr. S. Sivaraman
Chartology: AUD/USD Continuation Up Channel by Raghee Horner
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jul 21, 14:00 GMT
Type of Session: Webinar
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Jul 21, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 21, 09:00 GMT | Trading the Harmonic patterns  | Sunil Mangwani | WBN |  |
| Tue, Jul 21, 12:00 GMT | FX System Trading | Sam Seiden | WBN |  |
| Tue, Jul 21, 13:00 GMT | Central Bank Review | Adam Rosen | WBN | |
| Tue, Jul 21, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
Price is expected to test 93.50 support level
FXstreet.com Independent Analyst Team − Slightly Bearish Hourly Sentiment is Seen after Price broke downwards the Bullish Trendline which was guiding the former ascending movement. Now the Price is expected to test 93.50 support level, in which RSI 14 will be oversold enough to start a new Bullish movement. To the Upside, 94.70 resistance is the key level to watch, if this level is broken, Price would meet an important resistance at 95.00.
EUR/USD
EUR: Attempt longs at 1.4200, adding to 1.4145 by Mizuho Corporate Bank
Breaking above the top of the ‘triangle' and the second only daily close above 1.4200 this year. Something similar is happening in AUD, GBP and NZD.
GBP/USD
GBP USD is in a consolidation after the last bullish movement by Mataf.net
GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration.
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 FED'S BERNANKE TESTIFIES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 21 | 15:00 | Fed's Bernanke testifies | - | - |
US economic indicators - Bernanke will present to the relevant committees of the Congress on Tuesday and Wednesday by BHF−Bank
Ben Bernanke will present to the relevant committees of the Congress on Tuesday and Wednesday. His main challenge will be to reconcile the more upbeat outlook for growth and the stabilisation of financial markets with the necessity of keeping the Fed Funds Rate low and continuing with credit and quantitative easing measures.
[ Full Story ]- Testify on his semi−annual monetary policy report before the Senate Banking Committee, in Washington DC
Top Market Movers Review
Australia RBA MEETING'S MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 21 | 01:30 | RBA Meeting's Minutes | - | - | - |
Australia: RBA minutes (Forex Live)
The Reserve Bank of Australia seems to have been been optimistic on the economic outlook both domestically and abroad when it left interest rates unchanged at its July policy meeting. However it still sees scope for further easing should an expected recovery not occur. The minutes showed monetary and fiscal policies had worked to support household demand and confidence.
[ Full Story ]- Read the Meeting data at RBA
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 21 | 01:30 | AU | New Motor Vehicle Sales (MoM) | 5.7% | 5.4% | |
| 01:30 | AU | New Motor Vehicle Sales (YoY) | -7.2% | -12.2% |
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| 01:30 | AU | RBA Meeting's Minutes | ||||
| 06:15 | CH | Trade Balance | 1.57B | 1.87B | 2.00B |
|
| 08:30 | UK | Public Sector Net Borrowing | £15.8B | £19.9B | ||
| 13:00 | CA | BoC Interest Rate Decision | 0.25% | |||
| 15:00 | US | Fed's Bernanke testifies | ||||
| Jul 22 | 01:30 | AU | Consumer Price Index (QoQ) | 0.5% | 0.1% | |
| 01:30 | AU | Consumer Price Index (YoY) | 2.5% | |||
| 08:30 | UK | Bank of England Minutes | ||||
Educational Resources
LearningMarkets.com
21 lessons for Beginners. From the Basics to the Portfolio Management. The course is made of written text, video demonstration and practical examples.
A short course to get started in the exciting Forex Market.