Friday, Jul 11, 11:17 GMT
U.S. Trading Newsletter
THE FOREX GAME: Training Week
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- Webinar Videos: Trading Break Out's And Other Market Views by Phil Newton
- NEW BLOG: The Trader's Edge by Ross Yamashita
- FX Market Readings: Consolidation in the middle level to rise up or down? by Dr.S Sivaraman
- The Advisor Blog: Majors for today II by Valeria Bednarik
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Live Sessions Schedule
US Pre−Market Open
Expert: Ed Ponsi
Start: Fri, Jul 11, 12:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jul 11, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jul 11, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Jul 11, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Jul 11, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Jul 14, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Daily Technical Strategist − EURUSD: EUR Builds On Its Recovery, Continues To Look To The Upside by Global Forex Trading
A second day of upside recovery saw EUR head higher to close Thursday session at 1.5786.This is coming on the back of its recovery off the 1.5610 low and its hold above its daily 50 ema/LT rising trendline currently at 1.5630/1.5547.While the pair remains trapped within its trading range, such positive two−day price momentum argues for further higher prices aiming at the 1.5817/42 zone, its May 27'08/Jun 09'08 ahead of the 1.5895/1.5912 area, its Mar 31'08/July 03'08/April 10'08 and then its YTD high at 1.6018.Its daily studies have started turning higher supporting the current price action.
- 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 − A Whiff of Summer Trading by Swiss e Trade AG
Market Session Snap−Shot − Asian Session − Japans Consumer Confidence Wanes by ACM − Advanced Currency Markets
Bank's 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
Majors for today by Valeria Bednarik, Analyst at MolFX − Management
Consolidation in the middle level to rise up or down? by Dr. S. Sivaraman, of i−knowindices.com
Majors at a Glance
- EUR/USD
- Hovering just below the dynamic resistance at 1.5800.
07/11/2008 10:14 GMT - GBP/USD
- Moves sideways above support level 1.9750.
07/11/2008 10:14 GMT - USD/CHF
- Moves up above pivot level 1.0289
07/11/2008 10:15 GMT - USD/JPY
- Moves up towards first resistant level 107.42
07/11/2008 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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 11 | 12:30 | Trade Balance | -$62.2B | -$60.9B |
US economic indicators - The trade deficit is likely to have risen noticeably again due to the surge in import prices by BHF−Bank
The trade deficit increased by more than $4bn to $60.9bn in April, although exports rose sharply by 3.3% mom. But due to the surge in import prices, nominal imports went up even more sharply, by 4.5% mom.
[ Full Story ]Top Market Movers Review
Canada UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 11 | 11:00 | Net Change in Employment | -5.0K | 10.0K | 8.4K |
| Jul 11 | 11:00 | Unemployment Rate | 6.2% | 6.1% | 6.1% |
Unemployment edged up in Canada in June (FXstreet.com)
Canadian unemployment rate has edged up slightly in June, although the jobless rate remains at the lowest levels of the last 30 years, according to data released by Statistics Canada.
[ Full Story ]- Read the Employment data at Statistics Canada
- Canada: Unemployment Rate ticks up to 6.2% in jun; −5000 net jobs from May (FXstreet.com)
Trading News Report - Will A Worsening Employment Picture Sink The Loonie? by FXCM
Forex Analysis on Majors - CAD is waiting for positive Unemployment rate for June by Forex Ltd
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 11 | 04:30 | JP | Industrial Production (MoM) (May) | 2.8% | -0.2% | |
| 04:30 | JP | Industrial Production (YoY) (May) | 1.1% | 1.9% | ||
| 05:00 | JP | Consumer Confidence (Jun) | 32.9 | 33.9 | ||
| 05:00 | JP | Consumer Confidence Households (Jun) | 32.6 | 33.9 | ||
| 11:00 | CA | Net Change in Employment (Jun) | -5.0K | 10.0K | 8.4K | |
| 11:00 | CA | Unemployment Rate (Jun) | 6.2% | 6.1% | 6.1% | |
| 12:30 | US | Import Price Index (MoM) (Jun) | 1.9% | 2.3% | ||
| 12:30 | US | Import Price Index (YoY) (Jun) | 17.8% | |||
| 12:30 | CA | International Merchandise Trade (May) | $5.00B | $5.11B | ||
| 12:30 | CA | New Housing Price Index (YoY) (May) | 5.2% | |||