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U.S. Trading Newsletter
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Live Sessions Schedule
The Contest Webinar
Expert: Raghee Horner
Start: Fri, Jul 20, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading with Tim Billups
Expert: Tim Billups
Start: Fri, Jul 20, 16:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jul 20, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Fri, Jul 20, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Jul 20, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN | |
| Mon, Jul 23, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN |  |
| Mon, Jul 23, 12:00 GMT | Objective Day Trading Rules for Forex Traders | Sam Seiden | WBN |  |
Current Session: Europe - U.S.
USD/CHF
Daily Forex Technical Report - Sterling Lifted Mildly by Stronger than Expected Q2 GDP by ActionForex.com
USD/CHF's recovery from 1.1960 resumes today and is now pressing 4 hours 55 EMA as well as inner falling trend line. As discussed before, bullish convergence condition in 4 hours MACD and RSI indicates that a short term bottom could be in place at 1.1960.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Price Flash: USD/CHF sells off 1.2065 test, GBP/USD fails @ 2.0535 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:
EUR/USD Daily Technical Forex - EUR/USD Daily Technical Forex by Stoploss.ch
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
Forex Technical Report - Forex Technical Report USD/CHF by iFOREX.bg
Majors at a Glance
- EUR/USD
- Moves down below first support level 1.3782
07/20/2007 11:01 GMT - GBP/USD
- Moves up above first resistant level 2.0529
07/20/2007 11:01 GMT - USD/CHF
- Moves up toward first resistant level 1.2060
07/20/2007 11:01 GMT - USD/JPY
- Back around first resistant level 122.21 after hit second resistant 122.40
07/20/2007 11:01 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
EMU PMI MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 24 | 08:00 | PMI Manufacturing Index | - | 55.6 |
The Word of Majors - EUR: Prices keep inching their way higher but the uptrend is clearly slowing by FXstreet.com
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The manufacturing sector is one of the most sensible to economic fluctuations, and can be a leading indicator to show if certain policies are inadequate and could trigger a slowdown for the economy. Though last reading was relatively high, anything below 54 should be considered as a red flag to the current monetary policy in the region." - FXstreet.com
Top Market Movers Review
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 20 | 08:30 | Gross Domestic Product (QoQ) | 0.8% | 0.7% | 0.7% |
| Jul 20 | 08:30 | Gross Domestic Product (YoY) | 3.0% | 2.9% | 3.0% |
DATA SNAP: UK 2Q GDP In Line With Forecasts, Above Trend (Dow Jones)
The U.K. economy continued to fire on all cylinders in the second quarter of 2007, despite five successive interest rate hikes by the Bank of England over the past year.
[ Full Story ]- Read the GDP Growth: Economy rose by 0.7% in Q1 2007 at National Statistics
- Forex - Pound jumps above 2.05 usd after strong UK GDP data (Thomson Financial News)
- UK Q2 economic growth up quarterly 0.8 pct, boosted by manufacturing (Thomson Financial News)
- UK's GDP continues growing at strong pace in the 2Q (FXstreet.com)
Daily Forex Technical Report - Sterling Lifted Mildly by Stronger than Expected Q2 GDP by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 20 | 07:15 | CH | Producer and Import Prices (MoM) (Jun) | 0.1% | 0.3% | 0.9% |
| 07:15 | CH | Producer and Import Prices (YoY) (Jun) | 2.8% | 3.2% | 2.8% | |
| 08:30 | UK | Gross Domestic Product (QoQ) (2Q) | 0.8% | 0.7% | 0.7% | |
| 08:30 | UK | Gross Domestic Product (YoY) (2Q) | 3.0% | 2.9% | 3.0% | |
| 12:59 | CN | PBoC Interest Rate Decision | 6.84% | 6.57% | ||
| Jul 24 | 08:00 | EMU | PMI Manufacturing Index | 55.6 | ||
| Jul 25 | 14:00 | US | Existing Home Sales | 5.90M | 5.99M | |
| 18:00 | US | Fed's Beige Book | ||||
| Jul 26 | 12:30 | US | Durable Goods Orders (Jun) | 1.7% | -2.8% | |
| 12:30 | US | Initial Jobless Claims (Jul 21) | 308K | |||