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Forex Blogs
Chartology: USD/JPY Minute Breakdown to 30 Minute Swing by Raghee Horner
As the USD/JPY is setting up a 30 minute swing buy heading into the early Asian session, there is great confirmation of the breakdown leading to the correction on the 15 minute.
FX Market Readings: Week end volatile moves by Dr. S. Sivaraman
ForexHedge: USD/JPY Trend by Ron Schelling
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| Fri, Jul 24, 14:00 GMT | Trading Forex Volatility | Mark Whistler | WBN | |
| Fri, Jul 24, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe
EUR/USD: Above the daily Downtrendline from historic high (1.4025 today)
KBC Bank − Currently above Triangle top and above the daily Downtrendline from historic high (1.4025 today).
Support area at 1.4118 (yesterday low), with next levels at 1.4102/ .4095 (daily envelope bottom/ reaction low hourly), ahead of 1.4083 (daily Medium Term Moving Average↑), where pause favored.
If wrong, next levels at 1.4042/ .4025 (weekly Short Term Moving Average↑/ see above): tough on 1st attempts.
NZD/USD
NZD/USD traded in a bullish environment by Varengold Wertpapierhandelsbank AG
Having the NZD/USD traded in a bullish environment, it couldn't defend the level above the resistance pivot point 1 at 0.6574 and rebounded.
USD/JPY
USD/JPY: Rallying by more than we had allowed by Mizuho Corporate Bank
We have retraced half of the drop from early June to mid−July. This is seen as part of the process of thrashing around a sort of ‘neckline' in what may turn out to be an A, B, C−type corrective bounce.
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
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 24 | 08:00 | IFO − Expectations | 90.1 | 89.5 |
| Jul 24 | 08:00 | IFO − Business Climate | 86.6 | 85.9 |
EMU economic indicators - German ifo business climate (July): stagnation by BHF−Bank
The ifo business climate for Germany could have remained more or less unchanged in July. The US ISM manufacturing index has improved, but the German ZEW economic sentiment has deteriorated. German yield spreads have remained largely stable, with both long−term and short−term interest rates having decreased.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 23 | 14:00 | Existing Home Sales (MoM) | 3.6% | - | 2.4% |
| Jul 23 | 14:00 | Existing Home Sales | 4.89M | - | 4.77M |
US June Existing Home Sales Up 3.6% To 4.89 Mln Rate (Dow Jones)
[ Full Story ]- Existing−Home Sales at NAR
- US Existing Home Sales−STATS (Dow Jones)
- 2nd UPDATE: US Jobless Claims +30K To 554K In July 18 Wk (Dow Jones)
- Table of Data On Existing US Home Sales (Dow Jones)
US economic indicators - We see existing home sales rising somewhat further to about 4.85m in June by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 23 | 14:00 | US | Existing Home Sales (MoM) | 3.6% | 2.4% | |
| Jul 24 | 04:30 | JP | All Industry Activity Index (MoM) | 0.7% | 0.9% | 2.6% |
| 07:30 | DE | Purchasing Manager Index Manufacturing  | 45.2 | 42.1 | 40.9 | |
| 07:30 | DE | Purchasing Manager Index Services | 48.4 | 46.0 | 45.2 |
|
| 08:00 | DE | IFO − Business Climate | 86.6 | 85.9 | ||
| 08:00 | DE | IFO − Expectations | 90.1 | 89.5 | ||
| 08:00 | EMU | Purchasing Manager Index Manufacturing | 43.6 | 42.6 | ||
| 08:00 | EMU | Purchasing Manager Index Services | 45.2 | 44.7 | ||
| 08:30 | UK | Gross Domestic Product (QoQ) | -0.3% | -2.4% | ||
| 08:30 | UK | Gross Domestic Product (YoY) | -4.9% | |||