Tuesday, Jul 14, 11:01 GMT
U.S. Trading Newsletter
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- WEBINAR VIDEOS: Can we make money in these slow markets? by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a living: No too much action but the levels keep working fine… by David Aranzabal
Today we didn't get too much volatility ath the european opening, but we can see on the chart that the levels keep woorking like a charm:
−Asian Support hold the downside move just before the Frankfurt opening
−Asian resistance stoped the move up
The Advisor Blog: Gbp/Usd longer term perspective by Valeria Bednarik
CEO'S Weblog: Advanced Markets, Easy Forex, Ikon Royal & MB Trading jump above $20 mio minimum net capital by Francesc Riverola
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jul 14, 14:00 GMT
Type of Session: Webinar
Updated 2009 Markets Forecasts − Perception vs. Reality in the Globalization 3.0 Credit Bubble "Deleveraging Purge"
Expert: John W. O'Donnell
Start: Tue, Jul 14, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 14, 12:00 GMT | Managing Risk to Target Consistent Profitability in the Forex Market  | James Chen | WBN |  |
| Tue, Jul 14, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Jul 14, 15:00 GMT | Updated 2009 Markets Forecasts − Perception vs. Reality in the Globalization 3.0 Credit Bubble "Deleveraging Purge" | John W. O'Donnell | WBN | |
| Tue, Jul 14, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
Current Session: Europe − U.S.
European Markets rise on a new wave of optimism; GBP rises on Posen, Geithner comments
FXstreet.com − Green numbers are dominating stocks around the world with the Stocks in Europe rising, following Asian gains, on a new wave of optimism and BoE's Posen and US Treasury's Geithner comments. Pound is winning today across the board. Yen is higher too. DJ Eurostoxx 600 is rising 1.20% so far today, FTSE 100 advances 0.64%, CAC 40 index is 0.37% higher today, DAX climbs 0.76% and the IBEX 35 is climbing 0.70% so far today. Oil is advancing 1.14% to trade above 60.00 level but Gold is falling 0.17% to close to 921.00.
USD/JPY
Timeframe Breakdowns − Chart of the Day USDJPY by Ian G Coleman
We are in a downward channel at an angle of −18 degrees. We have reached the bottom of the trend channel at 91.72 where we have made three large pincer bottoms (spikes) Reversal Pattern.
GBP/USD
GBP/USD is recovering from a yesterday's low of 1.6034 by Varengold Bank
The USD fell for a second day against the GBP as Asian stocks rose before Goldman Sachs Group Inc. reports its earnings today, spurring investors to increase holdings of higher−yielding assets.
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 PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 14 | 12:30 | Producer Price Index (YoY) | -5.3% | -5.0% |
| Jul 14 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.1% | -0.1% |
| Jul 14 | 12:30 | Producer Price Index (MoM) | 0.8% | 0.2% |
| Jul 14 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 2.9% | - |
US economic indicators - PPI & CPI (Jun): upward pressure from energy prices, but core inflation remains subdued by BHF−Bank
The weakness in domestic and foreign demand suggests that core PPI will have remained unchanged mom, lowering the annual rate to 2.8% – still relatively high.
[ Full Story ]Market Session Recaps - Focus on PPI by FOREX.com
Fundamental Forex Foundations - Producer Price Index (Core) by FXstreet.com Independent Analyst Team
US RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 14 | 12:30 | Retail Sales ex Autos (MoM) | 0.5% | 0.5% |
| Jul 14 | 12:30 | Retail Sales (MoM) | 0.4% | 0.5% |
US economic indicators - Retail sales (Jun): rising mainly because of high gasoline prices by BHF−Bank
Nominal retail sales will have been boosted by gasoline prices too: we forecast that retail sales will have increased by 0.6% mom in June. Given the slight decline in domestic vehicle sales, retail sales less cars are likely to have risen a little bit more.
[ Full Story ]Forex Trading Strategies - Forex Trading Strategies by Saxo Bank
Market Session Recaps - Retail Sales can be a very volatile day of trading by FOREX.com
Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 14 | 09:00 | ZEW Survey − Economic Sentiment | 39.5 | 47.8 | 44.8 |
| Jul 14 | 09:00 | ZEW Survey − Economic Sentiment | 39.5 | 44.2 | 42.7 |
Euroland: ZEW in temporary setback by Danske Bank A/S
[ Full Story ]- Read full Survey at ZEW Institute
- UPDATE: July ZEW Econ Expectations 39.5 Vs 44.8 In June (Dow Jones)
- DATA SNAP: July ZEW Econ Expectations 39.5 Vs 44.8 In June (Dow Jones)
- Germany Jul ZEW Economic Sentiment falls to 39.5 vs 44.8 (FXstreet.com)
Forex Trading Strategies - Risk back on as we head into the Q2 earnings season in earnest by Saxo Bank
Market Session Recaps - Asia Session by FOREX.com
Daily Currencies Report - The Dollar weakened against most majors after the U.S. budget deficit by UFX Bank
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 14 | 08:30 | Consumer Price Index (YoY) | 1.8% | 1.8% | 2.2% |
| Jul 14 | 08:30 | Core Consumer Price Index (YoY) | 1.6% | 1.6% | 1.6% |
| Jul 14 | 08:30 | Consumer Price Index (MoM) | 0.3% | 0.3% | 0.6% |
DATA SNAP: UK June CPI Hits 21−Mo Low, RPI Posts Record Drop (Dow Jones)
[ Full Story ]- Read the CPI data at UK Statistics
- UK Jun RPI up 0.3% MoM and down 1.6% YoY (FXstreet.com)
- UK Jun CPI rises 0.3% MoM and 1.8% YoY (FXstreet.com)
Market Session Recaps - Asia Session by FOREX.com
Market Thoughts - 14/7/2009 − The Current Market Sentiment by FX Recommends
Fundamental Forex Foundations - Consumer Price Index (Core) by FXstreet.com Independent Analyst Team
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 14 | 08:30 | UK | Consumer Price Index (MoM) (Jun) | 0.3% | 0.3% | 0.6% |
| 08:30 | UK | Core Consumer Price Index (YoY) (Jun) | 1.6% | 1.6% | 1.6% | |
| 09:00 | EMU | Industrial Production s.a. (MoM) (May) | 0.5% | 1.5% | -1.4% |
|
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (May) | -17.0% | -17.5% | -20.5% |
|
| 09:00 | DE | ZEW Survey − Economic Sentiment (Jul) | 39.5 | 47.8 | 44.8 | |
| 09:00 | EMU | ZEW Survey − Economic Sentiment (Jul) | 39.5 | 44.2 | 42.7 | |
| 12:30 | CA | New Motor Vehicle Sales (MoM) (May) | 1% | 0% | ||
| 12:30 | US | Producer Price Index (MoM) (Jun) | 0.8% | 0.2% | ||
| 12:30 | US | Producer Price Index (YoY) (Jun) | -5.3% | -5.0% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (MoM) (Jun) | 0.1% | -0.1% | ||
Educational Resources
This Data point largely measures the average change in sale prices received by the domestic producers of goods and services excluding food and energy within the economy. The data is released at approximately 12:30 GMT. Read this new educational report by Tim Salem!
Other indicators covered in this series
Institute for Supply Management (ISM) Services (Non−Manufacturing)