Thursday, Jul 31, 11:23 GMT
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Forex Blogs
Posts for the US Morning
The Trader's Edge: The Newest Addition to Pro Pipper Family by Ross Yamashita
I want to welcome the newest member of the Pro Pipper and FX Street family, my daughter, Kaylee.
She was born on July 30 in the morning.
FX Bootcamp: Forex Training | New York Session Review by Wayne McDonell
FX Path: USD/CHF Wednesday Evening (NY) Video Update by James Chen
Live Sessions Schedule
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Jul 31, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jul 31, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 31, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Thu, Jul 31, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Thu, Jul 31, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Jul 31, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Analysis on Majors − Forex Analysis on Majors by Forex Ltd
The assumed pair return to support range has not been confirmed but taking into account the ascending direction of OsMA indicator that coincides with pair direction test of bottom boundary as resistance line is also expected. In this case it is recommended to evaluate the activity development according to the charts of shorter time interval. For short−term sells the breakout variant will be at 1.5650 with the targets 1.5680/1.5700 and/or further to 1.5750. At this point wrong breaks of channel boundaries could be seen. With a rebound the short−term targets will be 1.5570/90, 1.5530/50.
- Month end Volatile moves expected to prevail 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:
Daily Forex News − Forex − FX market focus on tomorrow Non−farm payrolls after ADP report gave a positive picture by ACM − Advanced Currency Markets
Daily Trading Forecast − USD in Quiet Summer Consolidation by Swiss e Trade AG
Forex Technical Report − EURUSD − Daily Forex Technicals by ForexHound.com
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Blogs
Forex Set ups 31 July '08 by Phil Newton, Developer of Trading Strategies at TradingStrategies.info
Majors at a Glance
- EUR/USD
- Moves up above first resistant level 1.5619
07/31/2008 10:08 GMT - GBP/USD
- Moves up above pivot level 1.9798
07/31/2008 10:08 GMT - USD/CHF
- Moves down towards first support level 1.0440
07/31/2008 10:08 GMT - USD/JPY
- Moves down below first support level 107.77
07/31/2008 10:08 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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Jul 31 | 12:30 | Gross Domestic Purchases Price Index | - | 3.6% |
| Jul 31 | 12:30 | Gross Domestic Product Annualized | 2% | 1% |
US economic indicators - GDP growth probably strengthened to about 2.0% qoq annualized in Q2 by BHF−Bank
GDP growth probably strengthened to about 2.0% qoq annualized in Q2, up from 1.0%. Real personal spending rose quite robustly in the three months up to May. If the level of spending remained unchanged in June, private consumption would have grown by 2% annualized, adding more than 1 percentage point to GDP growth. Household spending was clearly supported by the stimulus payments (now totalling $92bn), which were mainly disbursed in May and June.
[ Full Story ]News and opinion from the ground - Dollar Rally Likely To Stall Ahead Of US GDP Data by GraceCheng.com
Daily Forex Technical Report − Markets Await US GDP by ActionForex.com
Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 31 | 09:00 | Consumer Price Index (YoY) | 4.1% | 4.1% | 4.0% |
Euro Zone CPI, growing at record pace in July (FXstreet.com)
Inflation at consumer level has risen in July at the fastest year on year pace since records are taken in 1997, going past twice the maximum limit of the ECB's margin for price stability, according to preliminary estimations by the European Central Bank.
[ Full Story ]- Euro area inflation estimated at 4.1% at Eurostat
- European govt bonds slip as euro zone CPI marks new record high (Thomson Financial News)
- UPDATE: Euro−Zone July CPI Hits Record High, May Be At Peak (Dow Jones)
- Euro zone July prov HICP up 4.1 pct vs 4.0 in June (Thomson Financial News)
Daily Analysis - The Euro rises against the Dollar as inflation jumps in the Eurozone by Finotec Group Inc.
Friday Notes - We expect the inflation rate to climb to 4.1% in July by HVB Group
Germany UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 31 | 07:55 | Unemployment Change | -20K | -20K | -36K |
| Jul 31 | 07:55 | Unemployment Rate s.a. | 7.8% | - | 7.8% |
DATA SNAP: German July Seas Adj Jobless −20K Vs −36K In Jun (Dow Jones)
Germany's jobs market keeps performing better than the long−term average amid a weakening outlook for the economy, but the decline in unemployment lost some steam in July mainly due to layoffs ahead of the holiday season, labor office data showed Thursday.
[ Full Story ]- Read the official data at Bundesagentur für Arbeit
- German July adjusted jobless down 20,000 from June − Labour Office UPDATE (Thomson Financial News)
- German July unadjusted jobless rate 7.7 pct vs 7.5 pct in June − Labour Office (Thomson Financial News)
- Forex − Euro rebounds on firm data; inflation figures eyed (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 31 | 06:00 | UK | Nationwide Housing Prices s.a (MoM) | -1.7% | -0.9% | |
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Jul) | -8.1% | -6.3% | ||
| 07:55 | DE | Unemployment Change (Jul) | -20K | -20K | -36K |
|
| 07:55 | DE | Unemployment Rate s.a. (Jul) | 7.8% | 7.8% | ||
| 09:00 | EMU | Consumer Price Index (YoY) (Jul)  | 4.1% | 4.1% | 4.0% | |
| 09:00 | EMU | Unemployment Rate (Jun) | 7.3% | 7.2% | 7.3% |
|
| 12:30 | US | Continuing Jobless Claims (Jul 19) | 3155K | 3107K | ||
| 12:30 | US | Employment Cost Index (2Q) | 0.7% | 0.7% | ||
| 12:30 | CA | Gross Domestic Product (MoM) (Jun) | 0.2% | 0.4% | ||
| 12:30 | US | Gross Domestic Product Annualized (2Q) | 2% | 1% | ||