Tuesday, Jul 15, 11:08 GMT
U.S. Trading Newsletter
THE FOREX GAME
Last Chance to WIN! Get a $ 5,000 Real Account with Alpari UK. Play on real charts and challenge traders in forex duels. START PLAYING NOW.Sponsored by:
To Get Started
- Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- FXstreet.com International Traders Conference: Early Bird Discount extended until July 31st! Register before it's too late.
- New Blog: Random FX Thoughts − Too small & too smart to fail? by Dirk Du Toit
- FxBootcamp: Forex Video − News Trade Alert − July 15, 2008 by Wayne McDonell
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
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jul 15, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Jul 15, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 15, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jul 15, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN |  |
| Tue, Jul 15, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Jul 15, 16:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders | Markus Heitkoetter | WBN | |
Current Session: Europe − U.S.
EUR/USD
The Advisor Weblog − EUR/USD update by Valeria Bednarik, Analyst at MolFX − Management
The pair is breaking trough the historical maximum and pointing straight to the zone around 1.6050, where we could expect a short stop in the rally (I can't see more than a slight rebound there despite the over bought state) followed by the zone between 1.6080/1.6100 these last Gann number. A rebound there seems more likely as is the roof of a 4 hours ascendant channel.
Only under 1,6005 we could see a downside rally, with supports at 1,5967 and the zone around 1.5920
- The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Using fibonacci retracements to identify support and resistance by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Market Session Snap−Shot − Asian Session − BoJ Holds & Jpy Gains by ACM − Advanced Currency Markets
Currency Technical Report − Currency Technical Report by FXGreece
Daily Forex News − Forex − Dollar stays weak near record lows on concerns about health of financial and housing sectors by ACM − Advanced Currency Markets
Banks' Analysis
Technical analysis: US Ten Year Note Future − US TNote Future – Sep 2008 by Mizuho Corporate Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
Quick volatile moves expected by Dr. S. Sivaraman, of i−knowindices.com
Majors at a Glance
- EUR/USD
- Moves up towards first resistant level 1.5972
07/15/2008 10:03 GMT - GBP/USD
- Moves up towards first resistant level 2.0005
07/15/2008 10:03 GMT - USD/CHF
- Moves down below first support level 1.0113
07/15/2008 10:03 GMT - USD/JPY
- Moves down towards second support level 105.49
07/15/2008 10:03 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 PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 15 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.3% | 0.2% |
| Jul 15 | 12:30 | Producer Price Index (YoY) | 8.7% | 7.2% |
| Jul 15 | 12:30 | Producer Price Index (MoM) | 1.3% | 1.4% |
| Jul 15 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 3.2% | 3.0% |
US economic indicators - PPI and CPI surge on energy in June, core rates remain moderate by BHF−Bank
However, as the PPI seems to reflect movements in commodity prices with a time lag, we expect overall producer prices to rise roughly at the same rate as in May, by 1.5 % mom.
[ Full Story ]Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 15 | 09:00 | ZEW Survey − Economic Sentiment | -63.9 | -55.0 | -52.4 |
DATA SNAP: German ZEW Econ Expectations Plummet In July (Dow Jones)
Sentiment among German financial analysts and institutional investors plummeted to its lowest level on record in July on rising oil and consumer prices and concern about the U.S. financial crisis.
[ Full Story ]- Read the Economic Sentiment data at ZEW
- 2nd UPDATE: German July ZEW Econ Expectations Hit Record Low (Dow Jones)
- German ZEW July economic expectations index −63.9 points vs −52.4 in June UPDATE (Thomson Financial News)
- UPDATE: German ZEW Econ Expectations Plummet In July (Dow Jones)
EMU economic indicators - German ZEW economic sentiment is likely to have deteriorated in July by BHF−Bank
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 15 | 08:30 | Consumer Price Index (MoM) | 0.7% | 0.4% | 0.6% |
| Jul 15 | 08:30 | Consumer Price Index (YoY) | 3.8% | 3.6% | 3.3% |
| Jul 15 | 08:30 | Core Consumer Price Index (YoY) | 1.6% | 1.5% | 1.5% |
UK June CPI up 3.8 percent from year before, highest in 16 years (Thomson Financial News)
The prospect of a near−term rate cut from the Bank of England is likely to diminish further with the news this morning that inflation is rising at nearly twice the target rate largely as a result of sky−high food costs.
[ Full Story ]- Read the CPI data at National Statistics
- Forex − Pound sees short−lived gains after higher−than−expected inflation data (Thomson Financial News)
- UK Consumer prices continue accelerating in June (FXstreet.com)
- United Kingdom Retail Price Index increases to 0.8% in Jun; 4.6% up on the year (FXstreet.com)
US economic indicators - PPI and CPI surge on energy in June, core rates remain moderate by BHF−Bank
Currency and Stock Markets Weekly Outlook - inflation data in the spotlight by X−Trade Brokers, XTB
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 15 | 08:30 | UK | Consumer Price Index (MoM) (Jun) | 0.7% | 0.4% | 0.6% |
| 08:30 | UK | Consumer Price Index (YoY) (Jun) | 3.8% | 3.6% | 3.3% | |
| 08:30 | UK | Core Consumer Price Index (YoY) (Jun) | 1.6% | 1.5% | 1.5% | |
| 08:30 | UK | Retail Price Index (MoM) (Jun) | 0.8% | 0.5% | 0.5% | |
| 08:30 | UK | Retail Price Index (YoY) (Jun) | 4.6% | 4.3% | 4.3% | |
| 09:00 | DE | ZEW Survey − Economic Sentiment (Jul) | -63.9 | -55.0 | -52.4 | |
| 12:30 | CA | New Motor Vehicle Sales (MoM) (May) | 0.0% | -2.6% | ||
| 12:30 | US | NY Empire State Manufacturing Index (Jul) | -7.30 | -8.68 | ||
| 12:30 | US | Producer Price Index (MoM) (Jun) | 1.3% | 1.4% | ||
| 12:30 | US | Producer Price Index (YoY) (Jun) | 8.7% | 7.2% | ||