Thursday, Jul 30, 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: EURO and GBP are expected to swing and rise after the drop by Dr. S. Sivaraman
EURO and GBp made the drop yesterday during US session against the expectation and recovered towards close.They opening nominally up and as explained in Asian session.
Chartology: AUD/USD Reaching a Ceiling? by Raghee Horner
Sponsored by 
Live Sessions Schedule
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Thu, Jul 30, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Chart reading basics
Expert: Adam Rosen
Start: Thu, Jul 30, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 30, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Thu, Jul 30, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Jul 30, 14:00 GMT | Chart reading basics | Adam Rosen | WBN |  |
| Thu, Jul 30, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe
Bearish Hourly Sentiment is Seen in the Immediate−Term, as 1.4100 Support was broken
FXstreet.com Independent Analyst Team − Bearish Hourly Sentiment is Seen in the Immediate−Term, as 1.4100 Support was broken yesterday. Now the Price is fighting the EMA 20, so probably it will test the former Support (now Resistance) at 1.4100. This level also coincides with the target of an Hourly Double Bottom at 1.4000. To the Downside, Price may find support at 1.3935 in case that 1.4000 doesn't hold.
GBP/USD
GBP/USD: Holding up better than many as it is other currencies' turn to be slapped down by Mizuho Corporate Bank
Holding up better than many as it is other currencies' turn to be slapped down. Hopefully a very large, rising Ichimoku ‘cloud' will lead to a break above the upper edge of the ‘triangle' consolidation pattern.
USD/JPY
The drop below 93.50 eliminates the bullish triangle by DailyFX
The drop below 93.50 eliminates the bullish triangle count and leaves us with the bearish count in which the decline from 101.50 is a series of 1st and 2nd waves.
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 INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 30 | 12:30 | Continuing Jobless Claims | - | 6225K |
| Jul 30 | 12:30 | Initial Jobless Claims | - | 554K |
Friday Notes - Our view is that initial claims peaked in early May and are trending lower since by UniCredit Group
In the week ending July 24, the support from seasonal factors, which in the previous three weeks were looking for sizeable layoffs in the car industry, completely vanished. This week's report therefore will provide again an unbiased picture of the labor market situation. Our view is that initial claims peaked in early May and are trending lower since. But while separations are gradually declining, hirings are pointing south as well.
[ Full Story ]Top Market Movers Review
UK NATIONWIDE HOUSING PRICES S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 30 | 06:00 | Nationwide Housing Prices s.a (MoM) | 1.3% | - | 0.9% |
| Jul 30 | 06:00 | Nationwide Housing Prices n.s.a (YoY) | -6.2% | - | -9.3% |
DATA SNAP: UK House Prices May Rise In 2009 Nationwide (Dow Jones)
[ Full Story ]- Read the housing prices at Nationwide
- United Kingdom Nationwide Housing Prices s.a rise 1.3% in Jul; 6.2% down on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 30 | 01:30 | AU | Building Permits (MoM) | 9.3% | -11.0% |
|
| 01:30 | AU | Building Permits (YoY) | -14.3% | -22.4% | ||
| n/a | UK | Nationwide Housing Prices n.s.a (YoY) | -6.2% | -9.3% | ||
| n/a | UK | Nationwide Housing Prices s.a (MoM) | 1.3% | 0.9% | ||
| 07:55 | DE | Unemployment Change | 31K | |||
| 07:55 | DE | Unemployment Rate s.a. | 8.3% | |||
| 09:00 | EMU | Consumer Confidence | -25 | |||
| 12:30 | US | Continuing Jobless Claims (Jul 18) | 6225K | |||
| 12:30 | US | Initial Jobless Claims (Jul 25) | 554K | |||
| 23:01 | UK | Gfk Consumer Confidence | -25 | |||
Trading with Ichimoku Kinko Hyo
The Ichimoku Kinko Hyo Technical Indicator is predefined to characterize the market Trend, Support and Resistance Levels, and to generate signals of buying and selling. Remember this indicator works best on weekly and daily charts, so it's better for long term analysis. Read the article!
Related Resources
Read the report Currency Trading with Ichimoku Kinkou−Hyo by Cornelius Luca
Check the book Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds by Nicole Elliott
Webinar - The Weather Report: Ichimoku Cloud Trading with Chris Capre on Aug 4 at 14:00 GMT Register now!