Monday, Jul 06, 13:08 GMT
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Forex Blogs
Trading for a living: I love mondays… by David Aranzabal
Today we got a 170 pips move in GBP/USD just at the Frankfurt opening. The price broke the ascending trendline after a ascending macd divergenge. After that, the price never looked back and falled down for 170 pips in streight line. All the supports were broken like gum: Asian support, 2 week 60m. support, round numbers, etc...
FX Market Readings: What the players are doing now? by Dr. S. Sivaraman
Trade Setups: Forex Video - 06 July '09 - 11:20 update by Phil Newton
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jul 6, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Mon, Jul 6, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 6, 13:30 GMT | US Session Open  | Ed Ponsi | WBN |  |
| Mon, Jul 6, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jul 6, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Mon, Jul 6, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe − U.S.
The USD and JPY look poised to extend recent gains
Saxo Bank − The US Independence Day holiday ensured a quiet close as the end of the European session approached on Friday, though the same theme of risk aversion resulting in USD and JPY strength that had been witnessed in Asia continued. GBP remained on the weak side, suffering the after effects of the dire Q1 final GDP number from Thursday though the EUR's slide was slightly tempered by reported demand from an Asian central bank and a large option expiry.
EUR/USD
Timeframe Breakdowns − Expect a push lower to 13890/1.3828 then possibly 1.3759 by Ian Coleman
Holding the descending trend line (4HR) on the MACD going back to the 24th May. We have broken the ascending channel (4HR).
Dollar
The Economic Figures Mumbo Jumbo by Swiss e Trade AG
we are concentrating on pure technical factors and leaving interest rate considerations. The USD is overbought again at the start of this week. we therefore project down correction moves today
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jul 6 | 14:00 | ISM Non−Manufacturing | 46 | 44 |
The Week Ahead - The ISM non−manufacturing index is expected to increase for the third month in a row by BBVA Bancomer
[ Full Story ]Sunrise Market Commentary - Thin eco calendar puts focus on US supply by KBC Bank
Friday Notes - ISM Non−manufacturing: Services sector purchasing managers less gloomy by UniCredit Group
Top Market Movers Review
Australia ANZ JOB ADVERTISEMENTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 6 | 01:30 | ANZ Job Advertisements | -6.7% | - | -0.2% |
ANZ Australia Total Job Ads Fell 6.7% Adj In June Vs May (Dow Jones)
The total number of job advertisements in Australian newspapers fell 6.7% in seasonally adjusted terms in June from May to an average of 127,346 ads per week, its lowest level since August 2004, Australia & New Zealand Banking Group Ltd. said Monday. This contributed to a record 51.4% decline from a year earlier, ANZ, which compiles the data from major newspapers, said.
[ Full Story ]- Australia June Job Adds Fall 6.7% (Forex Live)
- CORRECT: ANZ Australia Total Job Ads Fell 6.7% In June Vs May (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 6 | 01:30 | AU | ANZ Job Advertisements (Jun) | -6.7% | -0.2% | |
| 05:00 | JP | Coincident Index (May)  | 86.9% | 86.9% | 86.0% | |
| 05:00 | JP | Leading Economic Index (May) | 77.0 | 77.0 | 76.2 | |
| 08:30 | EMU | Sentix Investor Confidence (Jul) | -31.3 | -25.0 | -27.0 | |
| 14:00 | US | ISM Non−Manufacturing (Jun) | 46 | 44 | ||
| 22:00 | NZ | NZIER Business Confidence (2Q) | -65 | |||
| Jul 7 | 04:30 | AU | RBA Interest Rate Decision | 3% | 3% | |
| 08:00 | UK | Halifax House Prices (MoM) | 0.0% | 2.6% | ||
| 08:00 | UK | Halifax House Prices (YoY) | -16.3% | |||
| 08:30 | UK | Industrial Production (MoM) (May) | 0.2% | 0.3% | ||
Educational Resources
Using swing breakouts in forex trading
This article is taken from the Forex Journal (May 2009 issue). The author, Doug Schaff, has traded the Forex markets for close to 30 years. Doug Schaff discusses the use of intermediate swing highs and swing lows to develop a shortterm approach to trading the currency markets. Read the article!
Other Article in this Issue:
Timely Advice from a Pro Trader by Johan Kriek