Tuesday, Aug 04, 07:33 GMT
EUROPEAN Trading Newsletter
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To Get Started
- WEBINAR VIDEOS: Chart reading basics with Adam Rosen
- Forex Tools renewed! Check out the brand new features: Margin Calculator and Carry Trade Calculator
- All the events of the day in our Economic Calendar
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Live Sessions Schedule
London Session Scenarios on GBPUSD & GBPJPY
Expert: Mihai Marinescu
Start: Tue, Aug 4, 08:00 GMT
Type of Session: Webinar
What can we learn from July earning's season?
Expert: Adam Rosen
Start: Tue, Aug 4, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 4, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN |  |
| Tue, Aug 4, 12:30 GMT | What can we learn from July earning's season? | Adam Rosen | WBN | |
| Tue, Aug 4, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Aug 4, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
Current Session: Europe
GBP/USD: The measured target from the pattern is 1.7100 then 1.7500
FXstreet.com Independent Analyst Team − The very thick Ichimoku ‘cloud' has pushed Cable smartly higher allowing it to close for a second consecutive day well above the ten−week old ‘triangle' consolidation. The measured target from the pattern is 1.7100 then 1.7500. Careful though as it is almost overbought and bullish momentum is not nearly as strong as many would hope or expect.
EUR/USD
EUR/USD pair succeeded in breaching the key resistance 1.4310 by ecPulse.com
The EUR/USD pair succeeded in breaching the key resistance 1.4310 nearing the first awaited target for yesterday at 1.4475, as the intraday follow−up messages had warned us
USD/CHF
Bullish move the pair appears to have diminishing momentum by ForexYard
The bullish move the pair is going through appears to have diminishing momentum, and lacks the ability to make a significant breach above the 1.0660 level.
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 PERSONAL INCOME
| Date (GMT) | Event | Cons. | Previous | |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | - | 1.8% |
| Aug 4 | 12:30 | Personal Income (MoM) | - | 1.4% |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | - | 0.1% |
| Aug 4 | 12:30 | Personal Consumption Expenditures | - | 0.3 |
| Aug 4 | 12:30 | Personal Consumption Expenditure Deflator | - | 0.1% |
The Week Ahead - Amid ongoing weakness in the job market by BBVA Bancomer
After a two month upward adjustment due to increases in social benefits under the American Recovery and Reinvestment Act, personal income is expected to drop 1% in June. As the economy and job market remain weak, companies continue to implement unpaid furloughs, reduced work weeks and other measures that effectively reduce employee compensations.
[ Full Story ]Top Market Movers Review
Australia RETAIL SALES TREND
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 4 | 01:30 | Retail Sales Trend (MoM) | -1.4% | - | 1.0% |
DATA SNAP: Australian Jun Retail Sales Fall 1.4% Vs May (Dow Jones)
Australian retail sales fell 1.4% to a seasonally adjusted A$19.42 billion in June from A$19.70 billion in May and rose from A$18.07 billion a year earlier, the Australian Bureau of Statistics said Tuesday. Economists surveyed ahead of the announcement on average had expected a 0.5% rise in sales for June from May.
[ Full Story ]- Read the Retail Sales data at Australian Bureau of Statistics
- Australia June Retail sales −1.4% s/adj, AUDUSD flies (Forex Live)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 4 | 01:30 | AU | House Price Index (QoQ) (2Q) | 4.2% | -1.5% |
|
| 03:00 | NZ | ANZ Commodity Price (Jul) | 1.0% | 0.2% | ||
| 04:30 | AU | RBA Interest Rate Decision | 3% | 3% | ||
| 07:15 | CH | Consumer Price Index (MoM) (Jul) | -0.7% | 0.2% | ||
| 08:30 | UK | PMI Construction (Jul) | 44.5 | |||
| 09:00 | EMU | Producer Price Index (MoM) (Jun) | -0.2% | |||
| 09:00 | EMU | Producer Price Index (YoY) (Jun) | -5.8% | |||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Jun) | 0.1% | |||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Jun) | 1.8% | |||
| 12:30 | US | Personal Consumption Expenditure Deflator (Jun) | 0.1% | |||
Educational Resources
Video Forex trading program − Day 1
This EXCLUSIVE 30−day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market. It gives the student small trading assignments to do each day, practicing the strategies we teach on demo accounts, and is designed to generate interest in not only trading the forex market, but implementing the proper techniques. Start 4xlounge.com's course today with the first lesson: Day 1: Introduction