Tuesday, Jul 29, 11:21 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: Diversification in the Forex by John Jagerson
- FXstreet.com DVD Series: Support and Resistance Trading − Buy it now! by Rob Booker and Dave Murphy
- Control your emotions: Market Psychology
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Forex Blogs
JPY Crosses
The Traders Edge: GBP/JPY Analysis by Ross Yamashita
Let's take a look at the GBP/JPY. In our first chart, we give you an extended view of the pair since mid July. You can see a nice trend line has been drawn in our charts...
- London Remains Forex Capital Latest Surveys Show by Dow Jones
Postcards from the Right Edge: CAD/JPY trade is nearly ready to go by Rob Booker
FX Market Readings: USD/YEN is expected to rise quickly and change the market sentiment by Dr. S. Sivaraman
Live Sessions Schedule
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Jul 29, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jul 29, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 29, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jul 29, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Jul 29, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN | |
| Tue, Jul 29, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex − Pound slumps after survey shows UK retail sales plummeting by AFX News
The pound dropped sharply in value against other currencies after a survey by the Confederation of British Industry showed UK high street sales are falling off the charts. At 11.25 a.m., the pound had fallen to $1.9887, from $1.9945 at 11.00 a.m. before the release of the data.
- Forex Set ups 29 July '08 − update by Phil Newton, Developer of Trading Strategies at TradingStrategies.info
- Support and Resistance Trading DVD by Andrei Pehar, Sr. Currency Strategist fxKnight.com
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Daily Trading Forecast − Major Pairs' Resistance/Support Embattled by Swiss e Trade AG
Currency Technical Report − Currency Technical Report by FXGreece
Banks' Analysis
Technical analysis: US Ten Year Note Future − US TNote Future – Sep 2008 by Mizuho Corporate Bank
Weekly Analysis
Weekly Forex Outlook − Dollar Gains as Interest Rates look set to Rise by Easy Forex
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 above pivot level 1.5731
07/29/2008 11:04 GMT - GBP/USD
- Trades around opening price level 1.9940 , above pivot level 1.9914
07/29/2008 11:04 GMT - USD/CHF
- Trades below pivot level 1.0351
07/29/2008 11:05 GMT - USD/JPY
- Trades below pivot level 107.62
07/29/2008 11:14 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
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 29 | 10:00 | CBI Distributive Trades Survey − Realized (MoM) | -36 | -15 | -9 |
UK CBI: July Retail Sales Volume −36 Vs −9 In June (Dow Jones)
Sales volumes at U.K. retailers tumbled to their lowest level for 25 years in July, as the high street continued to be squeezed by rising inflation and sliding confidence, a survey by the Confederation of British Industry showed Tuesday.
[ Full Story ]- Official data at CBI
- Forex − Pound slumps after survey shows UK retail sales plummeting (Thomson Financial News)
- UPDATE: UK CBI: July Retail Sales Volume −36 Vs −9 In June (Dow Jones)
- UK CBI retail sales post historical low in July (FXstreet.com)
UK NET LENDING TO INDIVIDUALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 29 | 08:30 | M4 Sterling Lending | £51.4B | £4.8B | -£1.2B |
| Jul 29 | 08:30 | Net Lending to Individuals | £4.0 | £5.0B | £5.1B |
| Jul 29 | 08:30 | Net Consumer Credit | 0.9B | 1.0 | 1.3B |
| Jul 29 | 08:30 | Mortgage Approvals | 36K | 37K | 41K |
UK net lending to individuals increases below average in June (FXstreet.com)
Net lending to Individuals in the UK has posted a lower than expected increase in June, and lower than the previous six−months average, according to the latest survey by the Bank of England.
[ Full Story ]- Lending to Individuals June 2008 at Bank of England
- 2nd UPDATE: UK Mtge Approvals Hit Record Low, Lending Slumps (Dow Jones)
- UPDATE: UK Mtge Approvals Hit Record Low, Net Lending Slumps (Dow Jones)
- UK June mortgage approvals slump to 36,000, lowest since series began in 1993 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 29 | 08:30 | UK | M4 Money Supply (MoM) (Jun) | 1.8% | 0.5% | 0.4% |
| 08:30 | UK | M4 Money Supply (YoY) (Jun) | 11.4% | 10.3% | 10.0% | |
| 08:30 | UK | Mortgage Approvals (Jun) | 36K | 37K | 41K |
|
| 08:30 | UK | Net Consumer Credit (Jun) | 0.9B | 1.0 | 1.3B |
|
| 08:30 | UK | Net Lending to Individuals (Jun) | £4.0 | £5.0B | £5.1B |
|
| 10:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Jul) | -36 | -15 | -9 | |
| 13:00 | US | S&P/Case−Shiller Home Price Indices (May) | -16.0% | -15.3% | ||
| 14:00 | US | Consumer Confidence (Jul) | 50.0 | 50.4 | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jul 27) | -41 | |||
| 23:50 | JP | Industrial Production (MoM) (Jun)  | -1.6% | 2.8% | ||