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Live Sessions Schedule
Forex Options
Expert: S. Wade Hansen
Start: Fri, Jul 18, 13:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jul 18, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jul 18, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Jul 18, 13:00 GMT | Forex Options | S. Wade Hansen | WBN |  |
| Fri, Jul 18, 14:00 GMT | Banging around the Bands | Chris Capre | WBN | |
| Fri, Jul 18, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
EUR/USD
Currency Technical Report − Euro reached the area of 1.5900 during the retracements by FXGreece
High volatility yesterday, as euro reached the area of 1.5900 during the retracements, without breaching it, while a low was formed at 1.5780 area, slightly above our basic targets.
The short term trend, which is formed after the tops at 1.6020−40, remains bearish as long as retracements do not breach the area of 1,5950 (or better 1,5910).
First important resistance for today emerges at 1,5900−10, and if it is breached, we should be cautious regarding the immediate resumption of the decline, as the scenario of a pullback to 1.6000−40 area will be back in the game. A move above 1.5950 will give the signs...
- 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:
Daily Analysis − Dollar gains momentum as bank withstand credit crunch by Finotec Group Inc.
Forex Technical Report − USDCHF Closing In On The 1.0250 Resistance by ForexHound.com
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Banks' Analysis
Technical analysis: EuroDollar Futures − Eurodollar Future – Dec 2008 by Mizuho Corporate Bank
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves up above pivot level 1.5847
07/18/2008 10:02 GMT - GBP/USD
- Trades around first support level 1.9969
07/18/2008 10:02 GMT - USD/CHF
- Trades around pivot level 1.0194
07/18/2008 10:03 GMT - USD/JPY
- Trades above pivot level 106.02
07/18/2008 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
UK RIGHTMOVE HOUSE PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 20 | 23:01 | Rightmove House Price Index (MoM) | - | -1.2% |
| Jul 20 | 23:01 | Rightmove House Price Index (YoY) | - | 0.1% |
Chart of the Day - Chart of the Day − EUR/GBP by FX Solutions
Price action on the EUR/GBP daily chart, as shown, has reached a critical support juncture. This support is significant, and is represented on the chart by the green uptrend line.
[ Full Story ]Top Market Movers Review
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 18 | 09:00 | Trade Balance n.s.a. | -€4.6B | -€1.0B | €2.5B |
| Jul 18 | 09:00 | Trade Balance s.a. | -€1.5B | €0.8B | €1.4B |
DATA SNAP: Euro−Zone Trade Balance Swings To Deficit In May (Dow Jones)
The euro−zone foreign trade balance swung to a deficit in May from a surplus the previous month in a sign that the euro's strength and weakening global demand are weighing on exports, data from the European Union's Eurostat statistics agency showed Friday.
[ Full Story ]- Read the Trade Balance data at Eurostat
- UPDATE: Euro−Zone Trade Balance Swings To Deficit In May (Dow Jones)
- Euro zone May trade deficit 4.6 bln euros vs revised 2.5 bln surplus in April (Thomson Financial News)
- Euro Zone Trade balance fell into a larger than expected deficit in May (FXstreet.com)
EMU economic indicators - The EMU trade balance will probably have deteriorated in May by BHF−Bank
UK M4 MONEY SUPPLY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 18 | 08:30 | M4 Sterling Lending | £45.9 | £10.0B | £7.5B |
| Jul 18 | 08:30 | M4 Money Supply (MoM) | 2.0% | 0.4% | 0.3% |
| Jul 18 | 08:30 | M4 Money Supply (YoY) | 11.5% | 9.7% | 10.0% |
UK M4 money supply grows above expectations in June (FXstreet.com)
M4 money supply has increased in June well above expectations in the UK, and above the average flow of the previous six months, according to preliminary estimates by the Bank of England.
[ Full Story ]- Read the M4 Money data at BoE
- UK June M4 up 2.0 percent from May; up 11.5 percent from year ago − BoE (Thomson Financial News)
- United Kingdom M4 Money Supply up to 2% in Jun; 11.5% up year on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 18 | 08:30 | UK | CML Gross Mortgage Lending s.a. | £23.6B | £25.5B | |
| 08:30 | UK | M4 Money Supply (MoM) (Jun)  | 2.0% | 0.4% | 0.3% | |
| 08:30 | UK | M4 Sterling Lending (Jun) | £45.9 | £10.0B | £7.5B | |
| 08:30 | UK | Public Sector Net Borrowing (Jun) | £9.2B | £7.4B | £11.0B | |
| 09:00 | EMU | Trade Balance n.s.a. (May) | €-4.6B | -€1.0B | €2.5B |
|
| 09:00 | EMU | Trade Balance s.a. (May) | €-1.5B | €0.8B | €1.4B |
|
| 12:30 | CA | Leading Indicators (MoM) (Jun) | 0.1% | 0.2% | ||
| Jul 20 | 23:01 | UK | Rightmove House Price Index (MoM) (Jul) | -1.2% | ||
| 23:01 | UK | Rightmove House Price Index (YoY) (Jul) | 0.1% | |||
| Jul 21 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Jun) | -1.6% | ||