Friday, Jul 04, 11:41 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: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- FX Market Readings: Market expected to slide for week end... by Dr. S. Sivaraman
- The Disciplined Trader: Why Market Psychology Points to a Possible Multi−Year High on the EUR/USD by Pierre Charlebois
- Jet Fuel – To Hedge or Not to Hedge? (Part two) by Ron Schelling in the Trader's Journal
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Live Sessions Schedule
How To Backtest a Trading System
Expert: Valeria Bednarik
Start: Fri, Jul 4, 12:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jul 4, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jul 4, 12:00 GMT | How To Backtest a Trading System | Valeria Bednarik | WBN |  |
| Fri, Jul 4, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Jul 7, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
| Mon, Jul 7, 13:00 GMT | Trading Economic Numbers | Adam Rosen | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Technical Analysis − EUR: Possibly attempt tiny shorts at 1.5765 by Mizuho Corporate Bank
Comment: Up at some of the highest ever levels but a small ‘spike high' Friday hints that we shall consolidate below 1.5800 today. One−month at−the−money implied volatility is expected to hold above 9.00% and could move back up to March's 12.50% if we start holding above 1.5850.
Strategy: Possibly attempt tiny shorts at 1.5765; stop/reverse above 1.5850 for 1.6000. Short term target 1.5725, then 1.5650 if we can manage a break below 1.5700.
- 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:
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Today's Technical Trading Points by Danske Bank A/S
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
ECB − NFP − Trichet − No Surprise − Dollar Rallies by Jerry Furst, Director Investors Education Network
Majors at a Glance
- EUR/USD
- Trades around opening price level 1.5703 , below pivot level 1.5764
07/04/2008 10:27 GMT - GBP/USD
- Trades around opening price level 1.9831 , below pivot level 1.9856
07/04/2008 10:27 GMT - USD/CHF
- Trades around opening price level 1.0261 , above pivot level 1.0219
07/04/2008 10:27 GMT - USD/JPY
- Trades around opening price level 106.73 , above pivot level 106.48
07/04/2008 10:27 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
Canada IVEY PURCHASING MANAGERS INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 4 | 14:00 | Ivey Purchasing Managers Index | 62.0 | 62.5 |
Daily U.S. Forex Summary - The Canadian dollar weakened across the board this morning by Union Bank of California
The Canadian dollar weakened across the board this morning. Dragging it down was the one−two punch of the decision by the European Central Bank to hike its key interest rate.
[ Full Story ]Top Market Movers Review
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 4 | 10:00 | Factory Orders n.s.a. (YoY) | -2% | 2% | 15% |
| Jul 4 | 10:00 | Factory Orders s.a. (MoM) | -0.9% | 0.8% | -1.8% |
DATA SNAP: German May Mfg Orders Dn On Domestic Demand (Dow Jones)
German manufacturing orders declined for the sixth consecutive month in May, falling 0.9% from June on weaker domestic demand, the German Economics Ministry said Friday.
[ Full Story ]- Read the Factory Orders data at BMWi [text in German]
- UPDATE: German May Mfg Orders Down On Domestic Demand (Dow Jones)
- Germany Factory Orders falls unexpectedly in May (FXstreet.com)
- German May manufacturing orders down 0.9 pct vs April; consensus up 1.0 pct (Thomson Financial News)
EMU economic indicators - The flash estimate for June could show EMU inflation increasing to 3.9 % yoy by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 4 | 00:00 | US | 4th July Holiday | |||
| 05:00 | JP | Coincident Index (May)  | 103.0% | 103.4% | 101.7% | |
| 05:00 | JP | Leading Economic Index (May) | 92.6 | 93.0 | 92.8 | |
| 10:00 | DE | Factory Orders n.s.a. (YoY) (May) | -2% | 2% | 15% | |
| 10:00 | DE | Factory Orders s.a. (MoM) (May) | -0.9% | 0.8% | -1.8% | |
| 14:00 | CA | Ivey Purchasing Managers Index (Jun) | 62.0 | 62.5 | ||
| Jul 6 | 23:50 | JP | Official Reserve Assets (Jun) | 997B | ||
| Jul 7 | 05:45 | CH | Unemployment Rate (Jun) | 2.4% | ||
| 05:45 | CH | Unemployment Rate s.a. (Jun) | 2.5% | |||
| 06:30 | AU | Foreign Reserves (Jun) | 35.3B | |||