Tuesday, Jul 28, 07:39 GMT
EUROPEAN Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Swing and rise moves for a day by Dr. S. Sivaraman
EURO and GBP made the rise yesterday during japanese and European sessions and finally during US session they made wide range swings without further rise,could be due to traders taken buy positions after rise.
Chartology: USD/CAD Makes Double Bottom by Raghee Horner
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Live Sessions Schedule
Forex Basics Series: Chapter 5 − Bollinger Bands and RSI
Expert: Valeria Bednarik
Start: Tue, Jul 28, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jul 28, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 28, 12:30 GMT | Forex Basics Series: Chapter 5 − Bollinger Bands and RSI | Valeria Bednarik | WBN |  |
| Tue, Jul 28, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Jul 28, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
| Tue, Jul 28, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
Current Session: Europe
Bullish momentum could increase to a test of this year's high at 1.4338
Mizuho Corporate Bank − Holding well above a large Ichimoku ‘cloud' with moving averages decidedly bullish. If the lagging Span manages to hold above the top of the ‘triangle' bullish momentum should increase even further for a test of this year's high at 1.4339. Implied volatility should pick up next where traders and investors should note that current consensus opinion is that the US dollar should strengthen over the coming 12 months.
GBP/USD
GBP/USD: 1.6565/85 holding keeps the market within defined range by Charmer Charts.com
Cable staying within the defined large trading range. Resistance is at 1.6565/85. Sellers will be here at these high revels looking to drive this lower back to 1.6380
USD/JPY
The USD/JPY pair succeeded in building a support to base by ecPulse.com
The USD/JPY pair succeeded in building a support to base itself on and help in achieving upside targets on the short term direction, where its targets are at 96.75 through remaining above the 61.8% correction at 94.90.
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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 28 | 14:00 | Consumer Confidence | - | 49.3 |
Friday Notes - We expect the index to underperform its peers by UniCredit Group
According to the daily Rasmussen survey, consumer confidence in July fell for the second straight month. Moreover, as the Conference Board's index puts more weight on the labor market and the households' income situation than virtually any other consumer survey, we expect the index to underperform its peers, which benefited in the last two weeks from lower gas prices and the temporary stock market rally.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 27 | 14:00 | New Home Sales (MoM) | 11.0% | 2.3% | -0.6% |
| Jul 27 | 14:00 | New Home Sales | 384K | 350K | 342K |
US New Home Sales up 11% to 384K in Jun (FXstreet.com)
[ Full Story ]- New Home Sales at US Census Bureau
- CURRENCIES: Dollar Stays Down After New−home Sales Jump (Dow Jones)
- DATA SNAP: US New−Home Sales Rise Above Expected In Jun (Dow Jones)
- U.S New home sales soar in Jun; EUR/USD and USD/JPY buoyed (FXstreet.com)
Top Fundamental Stories - A Staggering Rise in New Home Sales Provide Hope for the Housing Sector by ecPulse.com
Friday Notes - In June, sales likely pulled back somewhat by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 27 | 22:45 | NZ | Trade Balance | -417M | 907M |
|
| Jul 28 | 00:00 | AU | Conference Board Australia Leading Index (May) | -0.1% | 0.3% |
|
| 01:30 | AU | National Australia Bank's Business Confidence(QoQ) (2Q) | -4 | -24 |
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| 03:00 | AU | RBA's Governor Glenn Stevens Speech | ||||
| 08:00 | CH | UBS Consumption Indicator | 0.77 | |||
| 10:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Jul) | -17 | |||
| 13:00 | US | S&P/Case−Shiller Home Price Indices (May) | -18.1% | |||
| 14:00 | US | Consumer Confidence (Jul) | 49.3 | |||
| 14:00 | US | Richmond Fed Manufacturing Index (Jul) | 6 | |||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jul 26) | -51 | |||
Educational Resources
One certainty in trading is that losses will occur. Sam Seiden looks at effective ways to manage the risk in trading to enjoy a long and successful career. Read the article!
Other articles of The Trader's Journal
A view from the top and the bottom by Don Dawson
Faith−Based Economics by John Mauldin
If you can't spot it, don't trade it by Gabe Velazquez