Tuesday, Jul 31, 11:05 GMT
U.S. Trading Newsletter
To Get Started
- SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 15th Edition with Wayne McDonell
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Live Sessions Schedule
Forex with Ed Ponsi
Expert: Ed Ponsi
Start: Tue, Jul 31, 13:30 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Jul 31, 14:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 31, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Tue, Jul 31, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Tue, Jul 31, 13:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
| Tue, Jul 31, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
| Wed, Aug 1, 12:00 GMT | US Pre-Market Open | Ed Ponsi | WBN | |
Current Session: Europe - U.S.
GBP/USD
Forex Daily Analysis - 31/07/'07 - Busy US schedule today - Chicago PMI on tap. by ForexYard
After a short correction, the pair regains the bearish path, and seems to be quite confident to reach the target point of 2.0100. The hourlies are quite bearish, as the dailies produce mixed signals. A preferable strategy would be to keep out until a clear daily sign will emerge.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- 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:
USD/JPY Daily Technical Forex - USD/JPY Daily Technical Forex by Stoploss.ch
Daily technical research by FX Instructor
Daily Forex Technical Report - Focus Turning From Risk Aversion to US Core Inflation by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades around opening price level 1.3697 , above pivot level 1.3670
07/31/2007 10:47 GMT - GBP/USD
- Trades above first resistant level 2.0297
07/31/2007 10:47 GMT - USD/CHF
- Trades above pivot level 1.2045
07/31/2007 10:47 GMT - USD/JPY
- Trades around opening price level 119.04 , above pivot level 118.74
07/31/2007 10:47 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 CORE PERSONAL CONSUMPTION EXPENDITURE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 31 | 12:30 | Personal Spending | 0.2% | 0.5% |
| Jul 31 | 12:30 | Core Personal Consumption Expenditure (MoM) | 0.2% | 0.1% |
| Jul 31 | 12:30 | Personal Consumption Expenditures - Prices Index | 1.9% | 3.3% |
| Jul 31 | 12:30 | Core Personal Consumption Expenditure (YoY) | 1.9% | 1.9% |
Wakeup Call on Forex Markets - US PCE and Spending Figures Key Today by Saxo Bank
Big day for US data where PCE Core should the main focus. We think it is very likely that YoY could fall further to 1.8%, which is 0.1% below consensus. This should be an additional damping factor for US yields going forward.
[ Full Story ]Daily Forex Technical Report - Focus Turning From Risk Aversion to US Core Inflation by ActionForex.com
Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 31 | 09:00 | Consumer Price Index (YoY) | 1.8% | 2.0% | 1.9% |
DATA SNAP: Euro-Zone July Inflation Slows To 1.8% On Year (Dow Jones)
he annual rate of consumer-price inflation in the 13 countries that share the euro eased back in July to 1.8%, the lowest level since February this year, but still remained around the European Central Bank's target of price stability.
[ Full Story ]- Read the Euro area inflation estimated at 1.8% at Eurostat
- Euro zone July provisional HICP up 1.8 pct vs 1.9 in June (Thomson Financial News)
- Euro Zone inflation eases in July (FXstreet.com)
- EU Jul Consumer Price Index grows 1.8% on the year from 1.9% in Jun (FXstreet.com)
EMU UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 31 | 09:00 | Unemployment Rate | 6.9% | 6.9% | 6.9% |
DATA SNAP: Euro-Zone June Jobless Rate Declines Unexpectedly (Dow Jones)
Euro-zone unemployment fell more than expected in June, taking the series to a new all-time low, and increasing the likelihood that the European Central Bank will raise interest rates again before year-end.
[ Full Story ]- Read the Euro area unemployment stable at 6.9% at Eurostat
- Euro zone June unemployment 6.9 pct, unchanged vs revised May figure (Thomson Financial News)
- Eurozone Jobless Declines More Than Expected (Dow Jones)
- DATA SNAP:Euro-Zone Jun Jobless Rate Declines Unexpectedly-2 (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 31 | 09:00 | EMU | Consumer Confidence (Jul) | -2 | -4 | -2 |
| 09:00 | EMU | Economic Confidence (Jul) | 111.0 | 111.3 | 111.7 | |
| 09:00 | EMU | Unemployment Rate (Jun) | 6.9% | 6.9% | 6.9% |
|
| 10:00 | UK | CBI Distributive Trades Survey - Realized (Jul) | 18 | 15 | 17 | |
| 12:30 | US | Core Personal Consumption Expenditure (MoM) (Jun) | 0.2% | 0.1% | ||
| 12:30 | US | Core Personal Consumption Expenditure (YoY) (Jun) | 1.9% | 1.9% | ||
| 12:30 | US | Personal Consumption Expenditures - Prices Index (Jun) | 1.9% | 3.3% | ||
| 12:30 | US | Personal Income (Jun) | 0.5% | 0.4% | ||
| 12:30 | US | Personal Spending (Jun) | 0.2% | 0.5% | ||
| 13:45 | US | Chicago Purchasing Managers' Index (Jul) | 59.0 | 60.2 | ||