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- Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- The Trader's Edge: Elliott Wave Basics Applied by Ross Yamashita
- FX Path: GBP/USD & USD/CHF Sunday Evening (NY) Video Update by James Chen
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Live Sessions Schedule
How To Backtest a Trading System
Expert: Valeria Bednarik
Start: Mon, Jul 14, 12:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Mon, Jul 14, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 14, 12:00 GMT | How To Backtest a Trading System | Valeria Bednarik | WBN |  |
| Mon, Jul 14, 13:00 GMT | Trading with multiple technical indicators  | Adam Rosen | WBN | |
| Mon, Jul 14, 14:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Mon, Jul 14, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe − U.S.
GBP/USD
The Advisor Weblog − Majors for today by Valeria Bednarik, Analyst at MolFX − Management
Right now, the GBP/USD is fighting the key level 1.9835, that usually acts as a strong support or resistance, pushed down by a bad reading in the PPI. Anyway, the zone around 1.9800 is also tough enough to cap further downside rallies. However a confirmation under that point, will turn the pair bearish for the rest of the day. Resistances from here will be at 1.9866, followed by 1.9890 and finally the zone around 1.9910.
- 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:
Currency Technical Report − Currency Technical Report by FXGreece
Forex Analysis on Majors − gbp/usd has weakened after PPI input and output publication by Forex Ltd
Dynamic Carry Basket − Carry Nears A Breakout As Earnings Gear Up And Credit Fears Rise by FXCM
Weekly Analysis
Weekly Technical Commentary by Mizuho Corporate Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
EURO and GBP aim to swing and slide from the highs by Dr. S. Sivaraman, of i−knowindices.com
Forex Signals
Weekly Forex Signals − U.S. Dollar could recover as GBP lose its momentum by Finotec Group Inc.
Majors at a Glance
- EUR/USD
- Trades above pivot level 1.5879
07/14/2008 10:04 GMT - GBP/USD
- Moves down below pivot level 1.9860
07/14/2008 10:04 GMT - USD/CHF
- Moves up above pivot level 1.0200
07/14/2008 10:04 GMT - USD/JPY
- Trades around pivot level 106.43
07/14/2008 10:04 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 RICS HOUSE PRICE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 14 | 23:01 | RICS House Price Balance | -94.0% | -92.9% |
How Far Will Housing Prices Fall? by Wachovia
We are repeatedly asked how far housing prices will fall and when home prices will bottom out. The answers to these questions are complicated. The current housing slump is without precedent, both in terms of breadth and magnitude.
[ Full Story ]Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 14 | 09:00 | Industrial Production w.d.a. (YoY) | -0.6% | 0.3% | 4.0% |
| Jul 14 | 09:00 | Industrial Production s.a. (MoM) | -1.9% | -2.3% | 1.0% |
DATA SNAP: Euro−Zone Industrial Production Plummeted In May (Dow Jones)
Industrial production in the 15 countries that use the euro plummeted in May, recording the largest monthly decline since the end of 1992. According to figures released Monday by the European Union's statistics agency Eurostat, industrial production fell 1.9% from April, and 0.6% from May 2007.
[ Full Story ]- Read the Industrial Production data at Eurostat
- UPDATE: Euro−Zone Industrial Production Plummeted In May (Dow Jones)
- Euro Zone's industrial production plunges in May (FXstreet.com)
- Euro zone May industrial output down 1.9 pct vs Apr, down 0.6 pct year−on−year (Thomson Financial News)
Friday Notes - Widening EMU output gap to keep core inflation in check by HVB Group
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 14 | 08:30 | Producer Price Index − Output (YoY) n.s.a | 10.0% | 9.9% | 8.9% |
| Jul 14 | 08:30 | Producer Price Index − Output (MoM) n.s.a | 0.9% | 1.2% | 1.6% |
| Jul 14 | 08:30 | Producer Price Index − Input (MoM) s.a | 2.1% | 2.6% | 3.8% |
| Jul 14 | 08:30 | Producer Price Index − Input (YoY) n.s.a | 30.0% | 29.0% | 27.9% |
UK June annual input, output price growth highest in over 20 years (Thomson Financial News)
Manufacturers' raw materials costs continued to spiral in June, encouraging firms to pass these into their prices, as both input and output prices rose at their highest annual rate in over 20 years, official figures showed.
[ Full Story ]- Read the PPI data at National Statistics
- GBP/USD: negative UK data weighed on the Pound (FXstreet.com)
- UK Producer Prices, input and output, posted highest ever jump in June (FXstreet.com)
- United Kingdom Producer Price Index − Input increase 2.1% in Jun; 30% up in the last 12 months (FXstreet.com)
Forex Analysis on Majors - gbp/usd has weakened after PPI input and output publication by Forex Ltd
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 14 | 08:30 | UK | Producer Price Index − Input (MoM) s.a (Jun) | 2.1% | 2.6% | 3.8% |
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Jun) | 30.0% | 29.0% | 27.9% | |
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Jun) | 0.9% | 1.2% | 1.6% | |
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (Jun) | 10.0% | 9.9% | 8.9% | |
| 09:00 | EMU | Industrial Production s.a. (MoM) (May) | -1.9% | -2.3% | 1.0% |
|
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (May) | -0.6% | 0.3% | 4.0% |
|
| 22:45 | NZ | Consumer Price Index (QoQ) (2Q) | 1.4% | 0.7% | ||
| 22:45 | NZ | Food Price Index (MoM) (Jun) | 0.3% | 1.0% | ||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Jun) | 1.1% | 1.9% | ||
| 23:01 | UK | RICS House Price Balance (Jun) | -94.0% | -92.9% | ||