Monday, Jul 13, 11:38 GMT
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Forex Blogs
Trading for a living: JPY And USD Rise On Falling US Confidence by David Aranzabal
Declining US consumer confidence boosted the yen and dollar on Friday. The Japanese currency rallied against all major currencies for the week as increased risk aversion spurred investors to unwind carry trades. The dollar rose versus all the major higher yielding and risk sensitive currencies.
CEO'S Weblog: Crown Forex S.A Bankruptcy Declared Immediately Enforceable by Francesc Riverola
ForexHedge: Forex Ranking by Ron Schelling
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jul 13, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jul 13, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 13, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jul 13, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Jul 13, 19:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN |  |
| Tue, Jul 14, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: Europe − U.S.
EUR/USD breaks 1.3960 on Trichet comments
FXstreet.com − EUR/USD is approaching to 1.4000 level on Trichet's comments after breaking 1.3960 resistance and jumping 50 pips in the last minutes to post 1.3995 as fresh intra−day high. Currently the pair is trading around 1.3985/95, posting 0.30% daily gains from opening price.
Jean Claude Trichet, ECB's president, has affirmed that Eurozone will resume growth in the second quarter of 2010 in his today's speech. Triched also said that Eurozone GDP's decline will slow in the second half of 2009.
Yen
Forecast on JPY Crosses − Update for Europe Session by Precise Trader
GBP/JPY: Price is making lower lows but the last hour is moving Sideways on the Hourly chart and is within a Long Range Candle. We believe the price should not trade above 15020−15075 level.
Oil
Daily Oil Prices − Crude oil prices have lost over 10% in one week by Master the Markets
The fun run in daily oil prices appears to be over for the time being as traders and investors bail out of all risky assets as evidenced by last week's surge into the Japanese Yen and, to a lesser extent, the US Dollar.
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
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 14 | 08:30 | Core Consumer Price Index (YoY) | 1.6% | 1.6% |
| Jul 14 | 08:30 | Consumer Price Index (YoY) | 1.8% | 2.2% |
| Jul 14 | 08:30 | Consumer Price Index (MoM) | 0.3% | 0.6% |
Friday Notes - We expect headline inflation to ease further to 1.8% for June by UniCredit Group
We expect headline inflation to ease further to 1.8% for June. The disinflation process is widespread. Core inflation should have eased to 1.5% from the previous 1.6%; and another downward contribution should come from non−core components, as fuel and food prices, though rising month−over−month, will benefit from a favorable base effect.
[ Full Story ]Top Market Movers Review
EMU ECB TRICHET'S SPEECH
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 13 | 10:30 | ECB Trichet's Speech | - | - | - |
Trichet: ECB's Toolkit Is Up To The Challenge (Dow Jones)
European Central Bank President Jean−Claude Trichet Monday rebuffed criticism that the bank has done too little and too slowly to combat the global economic crisis, saying that its monetary policy toolkit is "up to the challenge."
[ Full Story ]- ECB homepage
- Forex: EUR/USD breaks 1.3960 on Trichet comments (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 13 | 04:30 | JP | Industrial Production (YoY) (May) | -29.5% | -29.5% |
|
| 05:00 | JP | Consumer Confidence (Jun) | 38.1 | 39.5 | 36.3 | |
| 05:00 | JP | Consumer Confidence Households (Jun) | 37.6 | 36.8 | 35.7 | |
| 07:15 | CH | Producer and Import Prices (MoM) (Jun) | 0.0% | 0.1% | -0.3% | |
| 07:15 | CH | Producer and Import Prices (YoY) (Jun) | -5.6% | -5.4% | -5.0% | |
| 10:30 | EMU | ECB Trichet's Speech | ||||
| 14:30 | CA | Bank of Canada Business Outlook Survey | ||||
| 18:00 | US | Monthly Budget Statement (Jun) | -70.0B | -189.7B | ||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Jun) | -0.8% | |||
| 23:01 | UK | RICS House Price Balance (Jun) | -40.1% | -44.1% | ||
Educational Resources
Using Moving Averages as Trend filters
The markets tend to be "mean reverting." Gabe Velazquez discusses the differences in the simple moving average and the exponential moving average. The differences may surprise you. Read the report!
Other Article in this Issue:
Pivot Point Analysis by from The Trader's Journal March issue
Elliot Wave principle from The Forex Journal March issue
The structure of th FX market and the role of the retail forex broker from The Forex Journal March issue