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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
- Analyst Comments: The best opinions from the pros selected by our editors
- Real−Time Economic Calendar: Be notified straight into your RSS reader when a new event is released
- Forex Basics: Trading reports for beginners
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Forex Blogs
Trade Setups: Forex Set ups 23 July '08 by Phil Newton
Hi Folks,
Updated analysis of the Break out trading opportunities for todays trading.
More Blogs
- The disciplined trader: Trading Involves Two People: You and You by Pierre Charlebois
- FX Path: EUR/USD Tuesday Evening (NY) Video Update by James Chen
Live Sessions Schedule
Main Fundamental theme in the Currency
Expert: Boris Schlossberg
Start: Wed, Jul 23, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jul 23, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 23, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Jul 23, 13:00 GMT | Main Fundamental theme in the Currency | Boris Schlossberg | WBN | |
| Wed, Jul 23, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jul 23, 14:00 GMT | Forex Chart Patterns That Can Lead To Big Moves | Sam Seiden | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Technical Strategist − EURUSD: EUR Seen Below Rising Channel,May Weaken Further by FXTechstrategy
EURUSD: An unsustained move above its Monday high at 1.5931 saw EUR collapsing and closing below its daily rising channel on Tuesday forming a bullish engulfing candle pattern. This development now leaves the pair targeting lower prices nearer term especially now that its daily studies have turned lower. In such a case, the 1.5714 level, representing its daily 50 ema comes in as the initial downside objective followed by its .50 Ret (1.5302−1.6037 rally)/LT rising trendline at 1.5671/47.
- EUR/USD Tuesday Evening (NY) Video Update
- 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 − EURUSD Trading Below 1.5800 by ForexHound.com
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Daily FX Report − The EUR may gain against the JPY on foreign securities investment by Japanese investors by Varengold Wertpapierhandelsbank AG
Banks' Analysis
Technical analysis: Short Sterling – March 2009 by Mizuho Corporate Bank
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Blogs
Majors for today by Valeria Bednarik, Analyst at MolFX − Management
Majors at a Glance
- EUR/USD
- Trades around opening price level 1.5782 , below pivot level 1.5829
07/23/2008 10:26 GMT - GBP/USD
- Trades around opening price level 1.9915 , below pivot level 1.9962
07/23/2008 10:26 GMT - USD/CHF
- Trades around opening price level 1.0309 , above pivot level 1.0259
07/23/2008 10:26 GMT - USD/JPY
- Moves up towards first resistant level 107.83
07/23/2008 10:26 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 FED'S BEIGE BOOK
| Date (GMT) | Event | Cons. | Previous | |
| Jul 23 | 18:00 | Fed's Beige Book | - | - |
Friday Notes - Stagflation fears take center stage again! by HVB Group
The twelve district Fed banks collect comments from business contacts. Lately, they have depicted a sputtering economy but with some countervailing strengths, notably in the export sector. That portrait of weakness that falls short of an outright recession probably was reinforced by June−July responses.
[ Full Story ]Top Market Movers Review
UK CBI INDUSTRIAL TRENDS SURVEY − ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 23 | 10:00 | CBI Industrial Trends Survey − Orders (MoM) | -8 | -6 | 1 |
UK CBI indistrial orders decline in July, prices continue increasing (FXstreet.com)
Industrial orders have posted a larger than expected decline in July in the United Kingdom, while prices have continued increasing, reaching their highest level in 18 years, according to the latest survey on industrial trends by the Confederation of British Industry.
[ Full Story ]- CBI Homepage
- UK manufacturing firms' confidence sinks as price pressures hit 18−year−high (Thomson Financial News)
- DATA SNAP: UK's CBI: Indus Orders Sharply Lower In July (Dow Jones)
- United Kingdom CBI Industrial Trends Survey − Orders down to −8 in Jul from +1 in June (FXstreet.com)
EMU INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 23 | 09:00 | Industrial New Orders (YoY) | -4.4% | 3.2% | 11.7% |
| Jul 23 | 09:00 | Industrial New Orders s.a. (MoM) | -3.5% | -1.0% | 2.0% |
DATA SNAP:Euro−Zone May Indus Orders Fall More Than Expected (Dow Jones)
Factory orders in the euro zone posted the biggest drop on the year for almost five years in May after a slump across all sectors, particularly transport equipment, data from the European statistics agency Eurostat showed Wednesday.
[ Full Story ]- Industrial new orders down by 3.5% in euro area at Eurostat
- Euro Area's industrial new orders fall lower than expected in May (FXstreet.com)
- Euro zone May industrial orders down 3.5 pct vs April, down 4.4 pct yr−on−yr (Thomson Financial News)
- EU Industrial New Orders s.a. decline 3.5% in May; 4.4% down on year (FXstreet.com)
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 23 | 08:30 | Bank of England Minutes | - | - | - |
The Bank of England approved by 7 votes to 2 to keep rates at 5% (FXstreet.com)
The Bank of England has approved by 7 votes against 2 to keep the current Bank Rate on hold at 5%, in a context of weak economic growth and high inflation, as stated in the Minutes of the latest monetary policy meeting, held on July the 9 and 10th.
[ Full Story ]- Minutes of the meeting held on 9 & 10 July at BoE
- Sterling Benefits From Unexpected BOE MPC Rate Hawkishness (Dow Jones)
- UK gilts slide on BoE's surprise 3−way vote split; European govt bonds lower (Thomson Financial News)
- BOE MPC voted 7−1−1 to leave rates on hold at 5.00 pct in 3 way split in July (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 23 | 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Jul) | -8 | -6 | 1 |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Jun) | 0.1% | 0.1% | 0.3% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Jun) | 1.5% | 1.6% | 1.5% | |
| 11:00 | CA | Consumer Price Index (MoM) (Jun) | 0.7% | 0.5% | 1.0% | |
| 11:00 | CA | Consumer Price Index (YoY) (Jun) | 3.1% | 2.9% | 2.2% | |
| 11:00 | US | MBA Mortgage Applications (Jul 18) | -6.2% | 1.7% | ||
| 14:35 | US | EIA Crude Oil Stocks change (Jul 19) | 3M | |||
| 18:00 | US | Fed's Beige Book | ||||
| 21:00 | NZ | RBNZ Interest Rate Decision | 8.25% | 8.25% | ||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Jun) | ¥270.0 | ¥642.3B | ||