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Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, Jul 16, 13:00 GMT
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Type of Session: Webinar
Forex Swing Trading
Expert: James Chen
Start: Wed, Jul 16, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 16, 12:00 GMT | Trading the Summer Months | Adam Rosen | WBN |  |
| Wed, Jul 16, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN | |
| Wed, Jul 16, 14:00 GMT | Forex Swing Trading | James Chen | WBN | |
| Wed, Jul 16, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
EUR/USD
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
EUR/USD is in an uptrend from recent bottom at 1.5301, that was the final of the prolonged consolidation since 1.5909 (17 March 2008). Technical indicators are slowly rising and trading is situated above the 50− and 200−Day SMA, currently projected at 1.5609 and 1.5095.
Yesterday's uptrend managed to climb above March's all−time high at 1.6019, but lost ground and sharply reversed, breaking back again below 1.5950 support, thus setting a final of the rise from 1.5610. Of course this sell−off has no power to change the short−term direction and the fact, that the pair is heading towards 1.6216 and probably 1.6566.
- 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:
Currency Snapshot − The Buck is getting badly beaten! by Black Swan Capital
Daily Forex Technical Report − Yen Maintains Broad Based Strength on Risk Aversion by ActionForex.com
Banks' Analysis
Technical analysis: Short Sterling − Short Sterling – March 2009 by Mizuho Corporate Bank
Daily Forex Commentary − Low liquidity equals high volatility by Jyske Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
Starting the day by Valeria Bednarik, Analyst at MolFX − Management
Now handling the crosses to handle majors during US session by Dr. S. Sivaraman, of i−knowindices.com
Majors at a Glance
- EUR/USD
- Trades around opening price level 1.5911 , below pivot level 1.5939
07/16/2008 10:06 GMT - GBP/USD
- Trades around pivot level 2.0047
07/16/2008 10:06 GMT - USD/CHF
- Trades around pivot level 1.0093
07/16/2008 10:06 GMT - USD/JPY
- Moves down towards first support level 103.78
07/16/2008 10:07 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 16 | 12:30 | Consumer Price Index (YoY) | 4.5% | 4.2% |
| Jul 16 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.3% | 2.3% |
| Jul 16 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.2% |
| Jul 16 | 12:30 | Consumer Price Index (MoM) | 0.7% | 0.6% |
US economic indicators - PPI and CPI surge on energy in June, core rates remain moderate by BHF−Bank
We expect core CPI to increase by a moderate 0.2% mom, with the annual rate steady at 2.3%, whereas overall CPI is likely to rise 0.6% mom (4.4% yoy), mainly driven by energy prices.
[ Full Story ]Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 16 | 09:00 | Consumer Price Index (YoY) | 4.0% | 4.0% | 3.7% |
| Jul 16 | 09:00 | Consumer Price Index (MoM) | 0.4% | 0.4% | 0.6% |
| Jul 16 | 09:00 | Consumer Price Index − Core (YoY) | 1.8% | 1.8% | 1.7% |
DATA SNAP: Energy, Food Prices Drive Euro−Zone Inflation (Dow Jones)
The annual rate of inflation in the 15 countries that use the euro rose further above the European Central Bank's comfort zone in June, as energy and food prices continued to rise.
[ Full Story ]- Read the CPI data at Eurostat
- Euro zone June HICP up 4.0 percent year−on−year; confirms provisional estimate (Thomson Financial News)
- Euro Zone inflation continued accelerating in June on Food and energy in June (FXstreet.com)
- EU Consumer Price Index rises 0.4% in Jun; 4.0% up on the year (FXstreet.com)
EMU economic indicators - HICP inflation in the euro area will probably be confirmed at 4.0% yoy for June by BHF−Bank
UK ILO UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 16 | 08:30 | Claimant Count Rate | 2.6% | 2.6% | 2.5% |
| Jul 16 | 08:30 | Jobless Claims Change | 15K | 10K | 9K |
| Jul 16 | 08:30 | ILO Unemployment Rate | 5.2% | 5.3% | 5.3% |
DATA SNAP: UK Claimant Count Posts Biggest Rise Since 1992 (Dow Jones)
The U.K.'s claimant count jobless figure posted the biggest rise for almost 16 years in June, marking a significant deterioration in the labor market, data from the Office for National Statistics showed Wednesday.
[ Full Story ]- Read the Labour Market data at National Statistics
- Forex − Pound slumps on weak labour market data (Thomson Financial News)
- UPDATE: UK Claimant Count Posts Biggest Rise Since 1992 (Dow Jones)
- UK ILO Unemployment rate eases despite strong rise in claimants in the 3mths to May (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 16 | 08:30 | UK | ILO Unemployment Rate (May) | 5.2% | 5.3% | 5.3% |
| 08:30 | UK | Jobless Claims Change (Jun) | 15K | 10K | 9K | |
| 09:00 | EMU | Consumer Price Index − Core (YoY) (Jun) | 1.8% | 1.8% | 1.7% | |
| 09:00 | EMU | Consumer Price Index (MoM) (Jun) | 0.4% | 0.4% | 0.6% | |
| 09:00 | EMU | Consumer Price Index (YoY) (Jun) | 4.0% | 4.0% | 3.7% | |
| 11:00 | US | MBA Mortgage Applications (Jul 11) | 1.7% | 7.5% | ||
| 12:30 | US | Consumer Price Index (MoM) (Jun) | 0.7% | 0.6% | ||
| 12:30 | US | Consumer Price Index (YoY) (Jun) | 4.5% | 4.2% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Jun) | 0.2% | 0.2% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Jun) | 2.3% | 2.3% | ||