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Live Sessions Schedule
Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, Jul 9, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jul 9, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 9, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
| Wed, Jul 9, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Jul 9, 13:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN | |
| Wed, Jul 9, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
GBP/USD
The Advisor Weblog − Majors for today by Valeria Bednarik, Analyst at MolFX − Management
Meanwhile GBP/Usd quoting around 1.9690, tending bearish in 4 hours charts, yet needs to confirm under 1.9646, first support for today, in order to continue to the zone around 1.9610 and finally 1.9570. Resistances today will be at 1.9705 and 1.9742, a descendant trend line: a break to the upside could trigger a bullish rally at least to the zone around 1.9800, and finally 1.9840.
- 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:
Foreing Exchange − Euro: Basically been respecting that falling trend line last 3 days and it comes in at 1.5731 today by Avantage Financial GMBH
Currency Technical Report − Long Term Analysis by FXGreece
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
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 Analysts' Comments
The Basics by Ross Yamashita, owner of Pro Pipper Trading
Majors at a Glance
- EUR/USD
- Moves up towards first resistant level 1.5727
07/09/2008 10:14 GMT - GBP/USD
- Trades around pivot level 1.9718
07/09/2008 10:14 GMT - USD/CHF
- Trades around pivot level 1.0300
07/09/2008 10:14 GMT - USD/JPY
- Trades above pivot level 107.09
07/09/2008 10:14 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
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jul 10 | 11:00 | BoE Interest Rate Decision | 5% | 5% |
Friday Notes - We expect the BoE to leave the repo rate on hold in July by HVB Group
We expect the BoE to leave the repo rate on hold in July. Despite growing signals that growth is bound to decelerate sharply in coming months, the inflation outlook is darkening. This will force the BoE to remain on hold for a while, trying to anchor inflation expectations and prevent second round effects on wages. Still, we remain convinced that the next BoE move will be a cut, with the easing being resumed early next year.
[ Full Story ]Top Market Movers Review
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 9 | 09:00 | Gross Domestic Product s.a. (QoQ) | 0.7% | 0.8% | 0.4% |
| Jul 9 | 09:00 | Gross Domestic Product s.a. (YoY) | 2.1% | 2.2% | 2.1% |
DATA SNAP: Euro−Zone 1Q Economic Growth Revised Down (Dow Jones)
The euro−zone economy grew slightly less rapidly in the first quarter than previously estimated, the European Union's statistics agency Eurostat said Wednesday.
[ Full Story ]- Euro area and EU27 GDP up by 0.7% at Eurostat
- Euro zone Q1 GDP growth revised to 0.7 pct rise from 0.8 pct UPDATE (Thomson Financial News)
- Euro zone Q1 GDP growth revised to 0.7 pct rise from 0.8 pct (Thomson Financial News)
- Euro Zone 1Q GDP growth, revised down (FXstreet.com)
EMU economic indicators - EMU GDP is not likely to be revised significantly by BHF−Bank
UK GOODS TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 9 | 08:30 | Goods Trade Balance | -£7.5B | -£7.4B | -£7.5B |
| Jul 9 | 08:30 | Total Trade Balance | -4.2B | -4.0B | -4.1B |
UK trade deficit widens slightly in May (FXstreet.com)
UK's deficit in trade with the rest of the world has narrowed slightly in May, the deficit in goods trade has remained unchanged, while services trade surplus has narrowed slightly, according to figures released by National Statistics.
[ Full Story ]- Read the official data at National Statistics
- UK's trade deficit stable in May at 7.5 billion pounds (Thomson Financial News)
- United Kingdom Total Trade Balance deficit widened to 4.2B in May from 4.1B in April (FXstreet.com)
- United Kingdom Goods Trade deficit remains unchanged at £7.5B in May (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 9 | 08:30 | UK | Goods Trade Balance (May) | £-7.5B | -£7.4B | -£7.5B |
| 08:30 | UK | Total Trade Balance (May) | -4.2B | -4.0B | -4.1B |
|
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (1Q) | 0.7% | 0.8% | 0.4% | |
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (1Q) | 2.1% | 2.2% | 2.1% | |
| 09:30 | UK | BRC Shop Price Index (YoY) (Jun) | 2.50% | 1.74% | 1.80% | |
| 11:00 | US | MBA Mortgage Applications (Jul 4) | 7.5% | 3.6% | ||
| 12:15 | CA | Housing Starts s.a (YoY) (Jun) | 217.5K | 221.3K | ||
| 14:35 | US | EIA Crude Oil Stocks change (Jul 5) | -2.1 | -2.0M | ||
| 23:50 | JP | Adjusted Current Account (May) | ¥2052.6B | ¥1510.7B | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Jun) | 0.6% | 1.1% | ||