Wednesday, Jul 02, 11:15 GMT
U.S. Trading Newsletter
The Forex Game: Win a Sony Vaio
The Dollar is bearish, but the Duellar is bullish. Play on real charts: Challenge fellow traders, snatch their duellars and win a SONY VAIO!.Sponsored by:
To Get Started
- Webinar Videos: MONTHLY WEBINAR - Understanding The Creation Of Candles In Forex Trading by Sam Seiden
- The Advisor Weblog: Majors for today by Valeria Bednarik
- FX Path: GBP/USD Tuesday Evening (NY) Video Update by James Chen
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Live Sessions Schedule
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Wed, Jul 2, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Myths and Realities for Globalization 3.0 Era of Credit Crisis Cycles
Expert: John W. O'Donnell
Start: Wed, Jul 2, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 2, 11:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN |  |
| Wed, Jul 2, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
| Wed, Jul 2, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Wed, Jul 2, 15:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
GBP/USD
The Advisor Weblog − GBP/USD, approaching to a very strong support level by Valeria Bednarik, Analyst at MolFX − Management
GBP/USD rebounded yesterday in the roof of an ascendant channel, and with bad news from the housing sector, the pair is approaching to a very strong support level around 1.9820/30. Under that point, GBP will probably continue falling at least to the zone around 1.9785, next support for today. Resistances from actual price will be at 1.9904 and 1.9942.
- The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Longer−term Support and Resistance Trading: Setups and Rules Rob Booker, Founder and Host TraderRadio.net
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Daily Trading Forecast − USD Still Without Clear Direction by Swiss e Trade AG
Daily Analysis − Dollar trading at a three week low before the employment release by Finotec Group Inc.
Daily Forex News − Forex − Dollar fell in volatile market ahead of ECB rate outlook by ACM − Advanced Currency Markets
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX' Signal
Recent Recommended Trades by AceTrader
Majors at a Glance
- EUR/USD
- Moves up towards first resistant level 1.5836
07/02/2008 10:15 GMT - GBP/USD
- Moves up above pivot level 1.9947
07/02/2008 10:15 GMT - USD/CHF
- Trades around pivot level 1.0187
07/02/2008 10:15 GMT - USD/JPY
- Trades around pivot level 105.90
07/02/2008 10:15 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 2 | 12:15 | ADP Employment Change | -20K | 40K |
Daily Forex Strategy Briefing - Awaiting Employment Data by CMS Forex
The AUD/USD unsuccessfully tested resistance yesterday. We expect a test of the 0.95−area support with no big moves before the US employment report Thursday.
[ Full Story ]Daily Analysis - Dollar trading at a three week low before the employment release by Finotec Group Inc.
Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 2 | 09:00 | Producer Price Index (YoY) | 7.1% | 6.7% | 6.1% |
| Jul 2 | 09:00 | Producer Price Index (MoM) | 1.2% | 0.9% | 0.8% |
DATA SNAP: Energy Costs Push Euro−Zone May PPI To New High (Dow Jones)
High energy costs pushed producer prices in the euro zone to an 18−year high in May, providing more justification for the European Central Bank's view that a rate hike may be needed to stem inflationary pressures in the currency bloc.
[ Full Story ]- Read the PPI data at Eurostat
- UPDATE: Energy Costs Push Euro−Zone May PPI To New High (Dow Jones)
- Euro Zone producer prices increased well above expectations in May (FXstreet.com)
- Euro zone may PPI up 1.2 percent vs April, up 7.1 percent year−on−year (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 2 | 07:15 | EMU | ECB Trichet's Speech | |||
| 08:30 | UK | PMI Construction (Jun) | 38.8 | 43.1 | 43.9 | |
| 08:35 | UK | Housing Equity Withdrawal (QoQ) (1Q) | 5.04B | 7.30B | ||
| 09:00 | EMU | Producer Price Index (MoM) (May) | 1.2% | 0.9% | 0.8% | |
| 09:00 | EMU | Producer Price Index (YoY) (May) | 7.1% | 6.7% | 6.1% | |
| 11:00 | US | MBA Mortgage Applications (Jun 27) | -9.3% | |||
| 12:15 | US | ADP Employment Change (Jun) | -20K | 40K | ||
| 14:00 | US | Factory Orders (May) | 0.5% | 1.1% | ||
| 15:00 | US | Treasury Secretary Paulson speech | ||||
| 15:30 | US | EIA Crude Oil Stocks change (Jun 28) | 0.75M | 0.80M | ||