Monday, Jul 28, 11:11 GMT
U.S. Trading Newsletter
Featured
3 reasons to register now for the ITC 2008:
Last days to enjoy the Early Bird Discount to attend the ITC 2008. Register before July, 31st and save money.
2. Improve your trading skills! 8 key Speakers will help you.
You will have the opportunity to interact and learn directly from: Rob Booker, Lars Christensen, Dirk D. du Toit, Derek Frey, Sunil Mangwani, Phil Newton, Jamie Saettele and Sam Seiden.
3. Live an unforgettable human experience!
Rob Booker was already there in 2007. Watch the video and see why he is coming back this year with an educative and helpful topic: Developing the Trader's Mind: Strategies for Long Term Success (Trading Psychology).
To Get Started
- Webinar Videos: Trading the Summer Months by Adam Rosen
- FXstreet.com DVD Series: Support and Resistance Trading − Buy it now! by Rob Booker and Dave Murphy
- Live Charts Window: 100 charts in real time
- Forex Basics: Trading reports for beginners
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Forex Blogs
Previewing the current week posts
1st on Forex: Week Ahead for July 28 − August 1 Calendar by Jerry Furst
Consolidated Summary of Scheduled News Events that I am watching for the "Week Ahead".
Read Jerry's US News Watch for − July 28 − August 1.
- The Week Ahead report: Further economic slowdown in Europe by FXstreet.com
FxBootcamp: Weekly Pivot Points by Wayne McDonell
Market Readings: Last week of the month moves by Dr. S. Sivaraman
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jul 28, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jul 29, 08:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 28, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jul 28, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jul 28, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jul 28, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe − U.S.
USD/CHF
Daily Forex News − Forex − Market is looking for direction with lower Crude Oil and better US data by ACM − Advanced Currency Markets
Recent Dollar strength pushed last week over 1.0200 and is now trading near 1.0400. This is reopening the view for a 1.0200 – 1.0600 consolidation range. Initial resistance holds 1.0408 last week high. Renewed weakness below 1.0200 would retest the 1.0000 pivot point and may open the way toward 0.9637 17th March low.
- EURO and GBP expected to make a quick rise and drop... 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 − EURUSD Rangebound by ForexHound.com
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
Weekly Analysis
Weekly Technical Commentary by Mizuho Corporate Bank
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Blogs
Forex Set ups 28 July '08 by Phil Newton, Developer of Trading Strategies at TradingStrategies.info
Majors at a Glance
- EUR/USD
- Trades around pivot level 1.5703
07/28/2008 10:09 GMT - GBP/USD
- Moves down below pivot level 1.9902
07/28/2008 10:09 GMT - USD/CHF
- Trades around pivot level 1.0364
07/28/2008 10:09 GMT - USD/JPY
- Trades above pivot level 107.47
07/28/2008 10:09 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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 29 | 00:00 | Consumer Price Index (YoY) | 3.2% | 3.3% |
Friday Notes - We expect the inflation rate to moderate appreciably by HVB Group
The recent correction in the oil price will probably have already prevented a further strong rise in energy prices in the July survey. After the very strong rise in consumer prices in the same month of the previous year, we expect the inflation rate to moderate appreciably. The core rate (ex energy and food) should also dip clearly below the 2% mark.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 28 | 06:10 | Gfk Consumer Confidence Survey | 2.1 | - | 3.6 |
German August GfK consumer confidence weakens further than expected (FXstreet.com)
Consumer confidence for August has worsened considerably in Germany, with economic expectations, current situation and buying propensity among German citizens posting weaker levels than on the previous month's survey, according to the GfK forward looking indicator.
[ Full Story ]- GfK Group
- Forex − Euro hit by slump in German consumer confidence; yen under pressure (Thomson Financial News)
- 2nd UPDATE: German Consumer Confidence Hits 5−Year Low (Dow Jones)
- Germany's GfK sees Aug consumer climate index at 2.1 points, a 5−year low UPDATE (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 27 | 22:45 | NZ | Trade Balance (Jun) | -223M | -196M | |
| Jul 28 | 06:10 | DE | Gfk Consumer Confidence Survey (Aug) | 2.1 | 3.6 |
|
| 22:45 | NZ | Building Permits (MoM) (Jun) | -20.0% | -42.3% | ||
| 23:30 | JP | Jobless Rate (Jun) | 4% | 4% | ||
| 23:30 | JP | Overall Household Spending (YoY) (Jun) | -2.8% | -3.2% | ||
| 23:50 | JP | Large Retailer's Sales (Jun) | -3.4% | -2.1% | ||
| 23:50 | JP | Retail Trade (YoY) (Jun) | -0.6% | 0.2% | ||
| 23:50 | JP | Retail Trade s.a (MoM) (Jun) | -0.2% | 0.2% | ||
| Jul 29 | 00:00 | AU | Conference Board Australia Leading Index (May) | 0.3% | ||
| 00:00 | DE | Consumer Price Index (MoM) (Jul)  | 0.5% | 0.3% | ||