Monday, Jul 21, 11:22 GMT
U.S. Trading Newsletter
Featured
Featured Forex DVDs
FXstreet.com DVD Series − Support and Resistance Trading by Rob Booker and Dave Murphy
In this 2−DVD set, Rob Booker and Dave Murphy guide you through the powerful and easy−to−use trading techniques that have made their FXstreet.com blog one of the most popular forex blogs on the web. Step−by−step, you will learn to set up trades on any currency pair, on any time frame chart. All the trading setups that you will learn come with examples, and full descriptions of why the setups work.
To Get Started
- FXstreet.com International Traders Conference: Early Bird Discount extended until July 31st! Register before it's too late.
- Webinar Videos: Short term Forex Trading Strategies, Breakouts and Reversals by Sam Seiden
- Trade Setups Blog: Forex Set ups 21 July '08 by Phil Newton
- 1st on Forex Blog: Week Ahead for July 21 − 25 Calendar by Jerry Furst
- FxBootcamp Blog: Weekly Pivot Points by Wayne McDonell
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jul 21, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jul 21, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 21, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jul 21, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jul 21, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jul 21, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe − U.S.
GDP/USD
The Advisor Weblog − Starting the day by Valeria Bednarik, Analyst at MolFX − Management
The GBP/Usd has fallen on more bad news on UK house prices and the suggestions the economy is getting into recession, quoting right now around 1.9945: the pair is moving in a descendant channel that should lead the movements this week. However, above 1.9960, the pair could easily continue to 1.9988 and finally the zone around 2.0007, roof of the mentioned channel. Support from here will be at 1.9910 followed by 1.9865 (base of the channel), and finally the zone around 1.9830.
- 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 Trading Forecast − Tight Ranges Dominate the Majors by Swiss e Trade AG
Market Session Recaps − Asia Session by FOREX.com
Currency Technical Report − Currency Technical Report by FXGreece
Weekly Outlook
Weekly Market Commentary − Inflation is currently a big problem by Mizuho Corporate Bank
Weekly Technical Strategist − EURUSD: Retest Remains In The Offing While Trades Above The 1.5774 Level by FXTechstrategy
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
EURO/USD stopped cutting high... by Dr. S. Sivaraman, of i−knowindices.com
Majors at a Glance
- EUR/USD
- Trades above pivot level 1.5845
07/21/2008 10:03 GMT - GBP/USD
- Moves down towards first support level 1.9910
07/21/2008 10:03 GMT - USD/CHF
- Trades above pivot level 1.0215
07/21/2008 10:03 GMT - USD/JPY
- Trades above pivot level 106.63
07/21/2008 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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 21 | 14:00 | Leading Indicators (MoM) | -0.1% | 0.1% |
Friday Notes - Downside risks to growth up again, says the index by HVB Group
Stocks were trampled, initial claims for unemployment were a little higher, delivery delays subsided, money supply sagged, and consumer confidence plunged. Together they point to renewed deterioration in the index, even if other components did a little better.
[ Full Story ]Top Market Movers Review
Switzerland PRODUCER AND IMPORT PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 21 | 07:15 | Producer and Import Prices (MoM) | 0.6% | - | 1.2% |
| Jul 21 | 07:15 | Producer and Import Prices (YoY) | 4.5% | - | 3.9% |
Swiss Producer and Import Prices continued growing in June (FXstreet.com)
Producer and import prices have continued rising in Switzerland in June, although, , driven by soaring oil prices, metals and food products, as the latest report by the Swiss Statistics Office shows.
[ Full Story ]- Read the official data at the Federal Statistical Office
- Switzerland: Producer and Import Prices inctrease 0.6% in Jun; 4.5% up year on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 21 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Jun) | 1.0% | -1.6% | |
| 01:30 | AU | New Motor Vehicle Sales (YoY) (Jun) | 1.4% | 2.6% | ||
| 01:30 | AU | Producer Price Index (YoY) (2Q) | 4.7% | 4.8% | ||
| 03:00 | NZ | Credit Card Spending (Jun) | 3.3% | 5.9% | ||
| 07:15 | CH | Producer and Import Prices (MoM) (Jun) | 0.6% | 1.2% | ||
| 07:15 | CH | Producer and Import Prices (YoY) (Jun) | 4.5% | 3.9% | ||
| 14:00 | US | Leading Indicators (MoM) (Jun) | -0.1% | 0.1% | ||
| 23:50 | JP | All Industry Activity Index (MoM) (May) | 0.4% | 0.8% | ||
| Jul 22 | 06:15 | CH | Trade Balance (Jun) | 1.60 | 1.87B | |
| 08:45 | UK | BoE's Governor King Speech | ||||