Tuesday, Jul 22, 11:19 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: Institutional Trading Strategies: The ABCs of Fibonacci by Andrei Pehar
- Live Charts Window: 100 charts in real time, 8 different time frames and technical indicators by ProReal Time
- Forex Basics: Trading reports for beginners
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Forex Blogs
Trader's Edge: EUR/USD Short Term Analysis by Ross Yamashita
Initial analysis shows a Double 3 (D3) wave (keep in mind, as the market unfolds, wave formations may change). A D3 is a 3−3−3 wave. So, 3 waves up to complete Wave 1, 3 waves to complete Wave 2, and now we're forming 3 waves up to Wave 3.
More Blogs
- 1st on Forex: Dollar Giving Up Ground by Jerry Furst
- The Disciplined Trader: Face it, we make more mistakes under pressure! by Pierre Charlebois
- Forexology: A Gartley on the "Looney"? by Sunil Mangwani
Live Sessions Schedule
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Jul 22, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jul 22, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 22, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jul 22, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Jul 22, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN | |
| Tue, Jul 22, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
USD/JPY
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
The pair has finalized its corrective uptrend from 95.75 mid−term bottom with the recent top at 108.59. Trading is situated below the 50− and 200−day SMA, currently projected at 105.81 and 107.25.
Ranging below 107.13 and we think, that a test of the 105.43 support lies ahead and probably even to 105.16, before braking above 107.1+ resistance. 106.93 is crucial resistance, as a break above that level will automatically set new target at 108.44.
Today's strategy: Sell 106.68 for 105.88, stop above 106.93.
- Holding high to create bullish feel and build shorts before the drop... by Dr. S. Sivaraman, of i−knowindices.com
- Support and Resistance Trading DVD by Rob Booker. Discover his powerful trading strategies and techniques!
- 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:
Forex Technical Report − USDCHF Turned Lower by ForexHound.com
Daily Forex News − Forex − Forex market believe the worst of the problems in the US financial system are not yet over by ACM − Advanced Currency Markets
Banks' Analysis
Technical Analysis: Metals − Spot PLATINUM by Mizuho Corporate Bank
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Blogs
Forex Set ups 22 July '08 by Phil Newton, Developer of Trading Strategies at TradingStrategies.info
Majors at a Glance
- EUR/USD
- Trades around opening price level 1.5920 , above pivot level 1.5893
07/22/2008 10:21 GMT - GBP/USD
- Trades above pivot level 1.9992
07/22/2008 10:21 GMT - USD/CHF
- Trades around opening price level 1.0177 , below pivot level 1.0195
07/22/2008 10:21 GMT - USD/JPY
- Trades around opening price level 106.45 , below pivot level 106.65
07/22/2008 10:21 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 HOUSING PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 22 | 14:00 | Housing Price Index (YoY) | - | -4.6% |
| Jul 22 | 14:00 | Housing Price Index (MoM) | -0.5 | -0.8 |
US economic indicators - We therefore expect that new home sales fell to about 498k by BHF−Bank
Pending home sales rose 7.1% mom in April, only to fall back by 4.7% in May. Against this background, existing home sales recovered to 4.99m in May. However, as pending sales lead existing sales by 1 to 2 months, the April spike is likely to appear in the June sales numbers as well.
[ Full Story ]Top Market Movers Review
Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 22 | 06:15 | Trade Balance | 2.41B | 1.60 | 1.87B |
Swiss trade surplus widens to all time high in June (FXstreet.com)
Swiss trade in goods and services with the rest of the world has posted the largest surplus ever in June, according to figures released by the Swiss Customs Office.
[ Full Story ]- Swiss trade surplus at record but exports weaken (Thomson Financial News)
- INSTANT VIEW 1−Swiss trade surplus hits record high in June (Thomson Financial News)
- TABLE−Swiss trade surplus widens to 2.4 bln Sfr in June (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 21 | 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% | -0.2% |
|
| 23:50 | JP | All Industry Activity Index (MoM) (May) | 0.4% | 0.4% | 0.8% | |
| Jul 22 | 06:15 | CH | Trade Balance (Jun) | 2.41B | 1.60 | 1.87B |
| 08:45 | UK | BoE's Governor King Speech | ||||
| 12:10 | US | Treasury Secretary Paulson speech | ||||
| 12:30 | CA | Retail Sales (MoM) (May) | 0.5% | 0.6% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (May) | 0.6% | 1.1% | ||
| 14:00 | US | Housing Price Index (MoM) (May) | -0.5 | -0.8 | ||