Tuesday, Jul 24, 11:01 GMT
U.S. Trading Newsletter
To Get Started
- Website Renewed! All the Forex Market news and research also in Spanish
- FXstreet.com International Traders Conference: Come to Barcelona! Enjoy the Special Early Bird Discount
- Check out the NEW Flash Charts on the Rates & Charts Section
- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
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Live Sessions Schedule
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Jul 24, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Recap of Momentum Indicators and their interpretation
- Recap of Moving Averages and their interpretation
- Overview of MetaTrader and MQL4
Specific technical indicators and tools for tracking accurancy in FX trading
Expert: Don Wilcox
Start: Tue, Jul 24, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Moving averages
- Moving average crossovers
- Directional Indicator (ADX)
- Stochastics
| Sponsored by | ||||
| Tue, Jul 24, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Tue, Jul 24, 13:00 GMT | Raghee Horner's Four Step Trading: Forex  | Raghee Horner | WBN |  |
| Tue, Jul 24, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
| Tue, Jul 24, 15:00 GMT | Specific technical indicators and tools for tracking accurancy in FX trading | Don Wilcox | WBN | |
| Tue, Jul 24, 18:00 GMT | Live Look at Today’s Markets | Derek Frey | WBN |  |
Current Session: Europe - U.S.
GBP/USD
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
In June the British Pound renewed its upward movement and came back with the top records for many years. The currency pair remains in the general upwards tendency. Last week the Sterling gained 26 year maximums, but the first of diversion forming is still there.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- GBP/USD & AUD/USD Update 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:
Daily Forex Technical Report - Yen Continues to Rebound on Risk Aversion by ActionForex.com
Technical Summary for Majors - Technical Summary for Majors by Windsor Brokers Ltd
Majors at a Glance
- EUR/USD
- Trades above pivot level 1.3815
07/24/2007 10:59 GMT - GBP/USD
- Trades around second resistant level 2.0645
07/24/2007 10:59 GMT - USD/CHF
- Continues to trade around pivot level 1.2040
07/24/2007 10:59 GMT - USD/JPY
- Trades around first support level 120.59
07/24/2007 10:59 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 RICHMOND FED MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 24 | 14:00 | Richmond Fed Manufacturing Index | 5 | 4 |
EUR/USD Briefing - EUR/USD trying to break to either side by Nexum Capital Markets
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The Index is an important event and should not be taken lightly as it sets the pace for the manufacturing sector over the short term. I would like to see a strong reading, that would be supportive for the USD and might make it gain some fast pips intraday, and also would calm down the fears that the sector might be ticking down in the next months." - FXstreet.com
Top Market Movers Review
UK CBI INDUSTRIAL TRENDS SURVEY - TOTAL ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 24 | 10:00 | CBI Industrial Trends Survey - Total Orders | -6% | - | 8% |
DATA SNAP: UK July CBI Industrial Output +10 Vs June +25 (Dow Jones)
U.K. industrial output dropped back in July to the lowest level since November 2006 although this does not signal the end of the recent recovery in the sector, the Confederation of British Industry said Tuesday. The CBI's industrial output balance fell to +10 in July from +25 in the June survey.
[ Full Story ]- Read the Slower demand for British-made goods with weaker export orders at CBI
- Forex - Pound softens marginally after weak manufacturing survey (Thomson Financial News)
- UK manufacturing sector demand, confidence take a hit - CBI UPDATE (Thomson Financial News)
- UK manufacturing sector demand, confidence take a hit - CBI (Thomson Financial News)
EMU PMI MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 24 | 08:00 | PMI Manufacturing Index | 54.8 | 55.5 | 55.6 |
| Jul 24 | 08:00 | Purchasing Manager Index Services | 58.1 | 58.0 | 58.3 |
Euro zone provisional manufacturing, services PMIs fall in July - sources UPDATE (Thomson Financial News)
Both the services and the manufacturing sectors in the euro zone eased slightly in July after strong performances the previous month, sources said of a key survey. Provisional estimates for the headline euro zone purchasing managers' indices showed modest declines.
[ Full Story ]- NTC Economics page
- UPDATE: Euro-Zone PMIs Point To Slowdown In July (Dow Jones)
- Forex - Euro remains firm against dollar after in-line PMI flash estimates (Thomson Financial News)
- Euro zone provisional manufacturing, services PMIs fall in July - sources (Thomson Financial News)
The Word of Majors - EUR: Prices keep inching their way higher but the uptrend is clearly slowing by FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 24 | 08:00 | EMU | PMI Manufacturing Index (Jul) | 54.8 | 55.5 | 55.6 |
| 09:00 | EMU | Industrial New Orders (YoY) (May) | 9.1% | 7.7% | 11.8% |
|
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (May) | 1.7% | 1.2% | -0.6% |
|
| 10:00 | UK | CBI Industrial Trends Survey - Total Orders (Jul) | -6% | 8% | ||
| 12:30 | CA | Retail Sales (MoM) (May) | 0.4% | 0.4% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (May) | 0.5% | 0% | ||
| 14:00 | US | Richmond Fed Manufacturing Index (Jul) | 5 | 4 | ||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Jun) | ¥846.0B | ¥788.5B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Jun) | ¥955.0B | ¥385.1 | ||
| Jul 25 | 01:30 | AU | CPI - Market Prices (QoQ) (2Q) | 1.0% | 0.1% | |