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Technical Analysis Q&A
Expert: Tony Juste
Start: Thu, Jul 19, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Jul 19, 15:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 19, 11:00 GMT | Relative Strength  | S. Wade Hansen | WBN | |
| Thu, Jul 19, 12:00 GMT | US Pre-Market Open | Ed Ponsi | WBN | |
| Thu, Jul 19, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
| Thu, Jul 19, 14:00 GMT | Technical Analysis Q&A | Tony Juste | WBN | |
| Thu, Jul 19, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
Current Session: Europe - U.S.
EUR/USD
Forex Daily Analysis - 19/07/'07 - USD - Will a new all time record low be set today? by ForexYard
The daily chart is bearish as the Slow Stochastic crossed at 86 and also RSI 80 implying on the continuation of the current trend and will test the 1.3775 Fibonacci 76.4% level. On the 4 H chart a bullish flag is establishing however an upcoming reversal is not yet expected and the bears will stay in the picture for a while.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Oracle Call - EUR/USD by Tony Juste
- The Signals Tracker: track down the performance of a particular signals provider
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Forex Technical Analysis - EUR/USD:(1.3794) New high on move above Double Bottom off 1.3555 by KBC Bank
Daily Forex Technical Report - Dollar in Tight Range ahead of Bernanke Testimony II & FOMC Minutes by ActionForex.com
The Word of Majors - EUR: The 1.3760 support was heavily hit but managed to hold by FXstreet.com
Majors at a Glance
- EUR/USD
- Trades above pivot level 1.3796
07/19/2007 10:52 GMT - GBP/USD
- Moves down below pivot level 2.0511
07/19/2007 10:52 GMT - USD/CHF
- Trades below pivot level 1.2005
07/19/2007 10:53 GMT - USD/JPY
- Floating around pivot level 121.95
07/19/2007 10:53 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - GBP/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US FED'S BERNANKE TESTIFIES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 19 | 13:30 | Fed's Bernanke Testifies | - | - |
Testimony of Chairman Ben Bernanke Semiannual Monetary Policy Report to Congress by BBVA Bancomer
Bernanke noted that “after having run at an above-trend rate earlier in the current economic recovery, U.S. economic growth has proceeded during the past year at a pace more consistent with sustainable expansion.
[ Full Story ]- Fed's Bernanke Testifies Before Senate Panel on Monetary Policy
Daily Forex Technical Report - Dollar in Tight Range ahead of Bernanke Testimony II & FOMC Minutes by ActionForex.com
US PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Cons. | Previous | |
| Jul 19 | 16:00 | Philadelphia Fed Manufacturing Survey | 14 | 18 |
Ahead of the Bell: Philadelphia Fed (Thomson Financial News)
The Philadelphia Federal Reserve's July manufacturing index is expected to show that regional growth slowed in July, though from an unexpectedly high reading in June. The Philly Fed is forecast to report Thursday its manufacturing index fell to 12 in July, down from 18 in June, according to a consensus estimate of Wall Street economists surveyed by Thomson/IFR.
[ Full Story ]Top Market Movers Review
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 19 | 08:30 | Public Sector Net Borrowing | 7.4 | - | 8.7B |
DATA SNAP: UK PSNB Reaches Highest Level Ever Seen In June-2 (Dow Jones)
The public-sector net cash requirement was GBP10.3 billion in June, compared with GBP12.9 billion in the same month a year ago. A Dow Jones Newswires survey of economists had forecast a requirement of GBP12.5 billion. ONS said the PSNCR was lower than expected in June because the government received proceeds of GBP2.3 billion in the month from the sale of some of its shares.
[ Full Story ]- Read the Public Sector - June: £5.8 bn current budget deficit at National Statistics
- UK June PSNB: Table Of Data (Dow Jones)
- UK June PSNB 7.4 bln stg vs 6.3 bln yr earlier, biggest June PSNB since 1993 (Thomson Financial News)
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 19 | 08:30 | Retail Sales (MoM) | 0.2% | 0.3% | 0.4% |
| Jul 19 | 08:30 | Retail Sales (YoY) | 3.4% | 3.5% | 3.9% |
European Market Update - UK Retal Sales Fall Below Estimates by Trade The News
Retail sales in the UK declined by more than expected to 0.2% m/m and 3.4% y/y from prior readings of 0.4% and 3.9% respectively. Public finances rose by less than expected to £10.3B, while net borrowing declined by less than expected to £7.4B.
[ Full Story ]- Read the Retail Sales: Growth remains firm at National Statistics
- UK June Retail Sales Table Of Data (Dow Jones)
- DATA SNAP: UK Retail Sales Growth Eases In June -2- (Dow Jones)
- Forex - Pound falls after weaker-than-expected UK retail sales numbers (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 19 | 08:30 | UK | M4 Money Supply (YoY) | 13.0% | 13.9% | |
| 08:30 | UK | Public Sector Net Borrowing (Jun) | 7.4 | 8.7B |
||
| 08:30 | UK | Retail Sales (MoM) (Jun) | 0.2% | 0.3% | 0.4% | |
| 08:30 | UK | Retail Sales (YoY) (Jun) | 3.4% | 3.5% | 3.9% | |
| 12:30 | CA | International Securities Transactions (May) | $2.000B | $1.543B | ||
| 13:30 | US | Fed's Bernanke Testifies | ||||
| 14:00 | US | Leading Indicators (MoM) (Jun) | 0% | 0.3% | ||
| 16:00 | US | Philadelphia Fed Manufacturing Survey (Jul) | 14 | 18 | ||
| 18:00 | US | FOMC Minutes (Jun 28) | ||||
| Jul 20 | 01:30 | AU | Export Price Index (QoQ) (2Q) | 0% | ||