Wednesday, Jul 30, 11:23 GMT
U.S. Trading Newsletter
Featured
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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.
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To Get Started
- Webinar Videos: Diversification in the Forex by John Jagerson
- Forex Forum: EURUSD − swing trading (updated running) − Leave your comments!
- Forex Basics - Trading reports for beginners
- FXstreet.com DVD Series − Support and Resistance Trading − Buy it now! by Rob Booker and Dave Murphy
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Forex Blogs
Trading Tips Follow−up
The Advisor Blog: Majors's technicals for today by Valeria Bednarik
The Eur/Usd is quoting around 1.5600, after breaking yesterday, an ascendant daily trend line coming from 1.4438. A few minutes ago, the pair even completed a pullback to the broken line...
- London Remains Forex Capital Latest Surveys Show by Dow Jones
FX Market Readings: EURO and GBP are expected to make either way big swings by Dr. S. Sivaraman
FX Path: The GBP/JPY Revisited by Ross Yamashita
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jul 30, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Jul 31, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 30, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Jul 30, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jul 30, 16:00 GMT | Technical Carry Trading | James Chen | WBN | |
| Wed, Jul 30, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Trading Forecast − USD: In Correction Mood to Yesterday's Sharp Upmove by Swiss e Trade AG
Currently the GBP / USD is trading at 1.9801 after yesterday's steep decline, which found support earlier in European trading at 1.9770. We see resistance at 1.9870, which may be tested in today's trading, but we expect resistance won't be broken and that the downtrend will continue.
- EURO and GBP are expected to make either way big swings by Dr. S. Sivaraman, of i−knowindices.com
- 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:
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Forex Analysis on Majors − has EUR/USD reversed? by Mizuho Corporate Bank
Banks' Analysis
Technical Analysis: Currencies − GBP/CHF by Mizuho Corporate Bank
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Blogs
Majors' technicals for today by Valeria Bednarik, Analyst at MolFX − Management
Majors at a Glance
- EUR/USD
- Trades around opening price level 1.5586 , below pivot level 1.5632
07/30/2008 10:10 GMT - GBP/USD
- Trades around opening price level 1.9786 , below pivot level 1.9837
07/30/2008 10:10 GMT - USD/CHF
- Trades around opening price level 1.0468 , above pivot level 1.0421
07/30/2008 10:10 GMT - USD/JPY
- Trades around opening price level 108.11 , above pivot level 107.89
07/30/2008 10:10 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 ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 30 | 12:15 | ADP Employment Change | -53K | -79K |
US economic indicators - We expect the ADP employment change for July to be about the same by BHF−Bank
In June, private employment as measured by ADP declined by 79k, and was thus broadly back in line with the official employment report. We expect the ADP employment change for July to be about the same, however, these results should not be overinterpreted with respect to the subsequent release of payroll data.
[ Full Story ]Top Market Movers Review
Switzerland KOF LEADING INDICATOR
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 30 | 09:30 | KOF Leading Indicator | 0.90 | 0.95 | 0.99 |
Swiss KOF growth barometer hits 5−year low in July (Thomson Financial News)
Switzerland's leading growth barometer, the KOF, fell by−more−than expected in July as a slowdown in exports and weakness in the banking sector started to spill over to consumption.
[ Full Story ]- Official data at KOF
- UPDATE 1−Swiss KOF indicator at 5−yr low on consumer woes (Thomson Financial News)
- Swiss KOF leading index drops further in July (FXstreet.com)
- Switzerland KOF Leading Indicator down to 0.9 in Jul from 0.99 in Jun (FXstreet.com)
EMU ECONOMIC CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 30 | 09:00 | Consumer Confidence | -20 | -18 | -17 |
| Jul 30 | 09:00 | Economic Confidence | 89.5 | 93.0 | 94.9 |
| Jul 30 | 09:00 | Industrial Confidence | -8 | -7 | -5 |
Euro Zone's economic sentiment declines again in July (FXstreet.com)
Euro Area's economic sentiment index has posted in July the largest decline since October 2001, leaving the index at its lowest level since March 2003, according to data released by the European Commission.
[ Full Story ]- Business and consumer survey results at European Commission
- Euro zone July economic sentiment indicator 89.5 vs 94.8 in June (Thomson Financial News)
- Forex − Euro recovers against dollar on inflation concerns (Thomson Financial News)
- EU Jul Economic Confidence down to 89.5 in Jul 94.9 in Jun (FXstreet.com)
Friday Notes - Economic confidence should decline further in July by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 30 | 08:00 | DE | Bloomberg Retail PMI (Jul) | 46.4 | 44.9 | |
| 08:00 | EMU | Bloomberg Retail PMI (Jul) | 46 | 44 | ||
| 09:00 | EMU | Consumer Confidence (Jul) | -20 | -18 | -17 | |
| 09:00 | EMU | Economic Confidence (Jul) | 89.5 | 93.0 | 94.9 | |
| 09:00 | EMU | Industrial Confidence (Jun) | -8 | -7 | -5 | |
| 09:30 | CH | KOF Leading Indicator (Jul) | 0.90 | 0.95 | 0.99 |
|
| 12:15 | US | ADP Employment Change (Jun) | -53K | -79K | ||
| 12:30 | CA | Industrial Product Price (MoM) (Jun) | 1.0% | 0.6% | ||
| 14:35 | US | EIA Crude Oil Stocks change (Jul 26) | -1.3 | -1.6M | ||
| 23:01 | UK | Gfk Consumer Confidence (Jun) | -37 | -34 | ||