Thursday, Jul 10, 11:13 GMT
U.S. Trading Newsletter
THE FOREX GAME: Training Week
Sharpen your skills, find your strategy. Train this week and win a $5,000 Real Account with Alpari UK the next one.Sponsored by:
To Get Started
- Webinar Videos: Trading Break Out's And Other Market Views by Phil Newton
- NEW BLOG: The Trader's Edge by Ross Yamashita
- LIVE Free Access Day Today− Join now!
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Diversification in the Forex − Free Access Day
Expert: John Jagerson
Start: Thu, Jul 10, 12:30 GMT
Type of Session: Webinar
Short term Forex Trading Strategies, Breakouts and Reversals − Free Access Day
Expert: Sam Seiden
Start: Thu, Jul 10, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 10, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Jul 10, 12:00 GMT | US Pre−Market Open − Free Access Day | Ed Ponsi | WBN |  |
| Thu, Jul 10, 12:30 GMT | Diversification in the Forex − Free Access Day | John Jagerson | WBN | |
| Thu, Jul 10, 13:30 GMT | US Session Open − Free Access Day | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
EUR/USD
The Advisor Weblog − Technical perspective for today by Valeria Bednarik, Analyst at MolFX − Management
The Eur/Usd is right now at 1.5716, slightly bearish in 4 hours charts although the background remains bullish. The pair will find a first support around 1.5688, followed by the congestion zone around 1.5650/60, also an ascendant trend line: a confirmation under this line, could trigger a bearish rally in the pair to the zone around 1.5610. Resistances today will be at 1.5735, followed by 1,5761 and finally the zone around 1.5790
- 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
Daily FX Report − The US Trading session closed with the USD/CAD at 0.9890 last night by Varengold Wertpapierhandelsbank AG
Banks' Analysis
Technical analysis: Euribor Futures − Euribor – December 2008 by Mizuho Corporate Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades above pivot level 1.5714
07/10/2008 10:04 GMT - GBP/USD
- Trades above pivot level 1.9780
07/10/2008 10:05 GMT - USD/CHF
- Trades below pivot level 1.0303
07/10/2008 10:06 GMT - USD/JPY
- Trades below pivot level 107.03
07/10/2008 10:06 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 INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 10 | 12:30 | Continuing Jobless Claims | 3145K | 3116K |
| Jul 10 | 12:30 | Initial Jobless Claims | 397K | 404K |
US economic indicators - We expect jobless claims to have at least remained on that elevated level in the week ending 5 July by BHF−Bank
Initial jobless claims jumped to 404k in the week ending 28 June, and the 4−week moving average rose to 390.5k, the highest level since the beginning of October 2005.
[ Full Story ]Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 10 | 11:00 | BoE Interest Rate Decision | 5% | 5% | 5% |
Bank Of England Leaves Bank Rate Unchanged At 5.0% (Dow Jones)
The Bank of England left its Bank rate on hold at 5.0% Thursday, following a two−day monthly meeting of its Monetary Policy Committee.
[ Full Story ]- BOE interest rate announcement − traders are becoming tense... by Dr. S. Sivaraman
- Read the statement at BoE
- The Bank of England maintains its Bank rate unchanged at 5.00% (FXstreet.com)
- BoE leaves Bank Rate unchanged at 5% (FXstreet.com)
- UK gilts higher on weak housing market surveys ahead of BoE rate decision (Thomson Financial News)
UK Interest Rates On Hold as Bank of England is Paralysed by Fear of Inflation by Marketoracle.co.uk
FX Crossroads - GBP set to weaken further over summer by Danske Bank A/S
Forex Analysis on Majors - BoE will possibly leave Repo Rate without changes today by Forex Ltd
EMU ECB MONTHLY REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 10 | 08:00 | ECB Monthly Report | - | - | - |
ECB says current rates will help ensure medium−term price stability (Thomson Financial News)
The European Central Bank said its current level of interest rates will help it achieve its medium−term price stability goal. The ECB raised its main refinancing rate to 4.25 percent from 4.00 percent at its July 3 Governing Council meeting.
[ Full Story ]- Read the Monthly Report at ECB
- ECB says euro zone supported by growing demand from oil−exporting countries (Thomson Financial News)
- ECB raised rates to counteract increasing upside risks to price stability (FXstreet.com)
UK HALIFAX HOUSE PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 10 | 08:00 | Halifax House Prices (YoY) | -6.1% | -6.0% | -3.8% |
| Jul 10 | 08:00 | Halifax House Prices (MoM) | -2.0% | -1.0% | -2.4% |
UK June house prices fall 2.0 pct on month, 6.1 pct on the year − Halifax UPDATE (Thomson Financial News)
UK house prices continued to fall in June, weighed by the economic downturn and tighter lending conditions, a key survey showed.
[ Full Story ]- Read the HPI data at Halifax
- UK June house prices down 2.0 pct from May, down 6.1 pct on the year − Halifax (Thomson Financial News)
- United Kingdom Halifax House Prices decline 2% in Jun; 6.1% down year on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 10 | 01:30 | AU | Employment Change (Jun) | 29.8K | 10.2K | -19.7K |
| 01:30 | AU | Unemployment Rate (Jun) | 4.2% | 4.3% | 4.3% | |
| 08:00 | EMU | ECB Monthly Report (May) | ||||
| 08:00 | UK | Halifax House Prices (MoM) (Jun) | -2.0% | -1.0% | -2.4% | |
| 08:00 | UK | Halifax House Prices (YoY) (Jun) | -6.1% | -6.0% | -3.8% | |
| 11:00 | UK | BoE Interest Rate Decision | 5% | 5% | 5% | |
| 12:30 | US | Continuing Jobless Claims (Jun 28) | 3145K | 3116K | ||
| 12:30 | US | Initial Jobless Claims (Jul 5) | 397K | 404K | ||
| 14:00 | US | Bernanke, Paulson testify before House Committee | ||||
| 17:45 | EMU | ECB Trichet's Speech | ||||