Wednesday, Jul 29, 07:32 GMT
EUROPEAN Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
Chartology: USD/JPY Swing Set Up by Raghee Horner
The USD/JPY has been heading down with the Dow today as a little sell−off after what was a very strong week for equities is taking a breather, maybe even a little profit taking.
The Disciplined Trader: Some evidence a diagonal is forming on the EUR/USD by Pierre Charlebois
FX Path: GBP/USD - Potential Cup & Handle by James Chen
ForexHedge: EUR/USD Trend by Ron Schelling
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jul 29, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jul 29, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 29, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jul 29, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jul 29, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Jul 29, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
Target now is 1.4100 which will be probably tested during today's session
FXstreet.com Independent Analyst Team − Bearish Hourly Sentiment is Seen in the Immediate−Term, as Price was rejected at 1.4300 resistance, confirming an Hourly Double Top after breaking 1.4200 level. Target now is 1.4100 which will be probably tested during today's session. To the Upside, there's a strong resistance at the 20 EMA, which is guiding the Bearish movement, so if Price breaks 1.4180, it would attack the former Support (now Resistance) at 1.4200, a very tough level as 200 EMA will probably hold the Price.
GBP/USD
Forex Technical Report − GBP/USD: Look for any additional rallies over the coming sessions to stall out ahead of 1.6700 by DailyFX
Despite the recent rally back into the 1.6500's we do not rule out the potential for a failure ahead of 1.6745 as we still hang on to the possibility for the formation of the right shoulder of a very loose and messy head & shoulders top.
USD/JPY
USD/JPY: Stalling against Fibonacci retracement by Mizuho Corporate Bank
The Japanese Yen (JPY) USD weakness in Europe let the USD/JPY fall below 95 and the market reacted by testing 94 before finding and bouncing with a late relief rally in US stocks.
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 DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 29 | 12:30 | Durable Goods Orders | -1.7% | 1.8% |
| Jul 29 | 12:30 | Durable Goods Orders ex Transportation | - | 1.1% |
US economic indicators - Durable goods orders will probably have declined by 1.0% mom in June by BHF−Bank
Durable goods orders will probably have declined by 1.0% mom in June, mainly due to the transportation sector. ISM new orders index dipped below 50, durable goods production declined by 0.7 %, and car sales fell.
[ Full Story ]Top Market Movers Review
Japan RETAIL TRADE S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 28 | 23:50 | Retail Trade s.a (MoM) | -0.3% | - | 0.1% |
Japan June Overall Retail Sales −3.0% On Year (Dow Jones)
Japan's retail sales fell 3.0% in June from a year earlier, the government said Wednesday, as consumers' pessimistic outlook on the economy weighed on spending despite the government's tax−relief measures.
[ Full Story ]- Japan June Retail Sales −3% yr/yr (Forex Live)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 29 | n/a | DE | Consumer Price Index (MoM) (Mar)  | 0.4% | ||
| n/a | DE | Consumer Price Index (YoY) | 0.1% | |||
| 03:00 | NZ | Business Confidence | 18.7 | 5.5 | ||
| n/a | AU | HIA New Home Sales (MoM) | 0.5% | -5.7% | ||
| 08:30 | UK | Consumer Credit | £0.3B | |||
| 08:30 | UK | M4 Money Supply (MoM) | 0.2% | |||
| 08:30 | UK | M4 Money Supply (YoY) | 16.7% | |||
| 08:30 | UK | Mortgage Approvals | 43K | |||
| 08:30 | UK | Net Lending to Individuals | £0.6B | |||
| 11:00 | US | MBA Mortgage Applications | 2.8% | |||