Friday, Jul 17, 11:25 GMT
U.S. Trading Newsletter
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- Learning Center: Chapter B03 "Chart Analysis" is available. Check it out!
- WEBINAR VIDEOS: Updated 2009 Markets Forecasts - Perception vs. Reality in the Globalization 3.0 Credit Bubble “Deleveraging Purge” by John W O'Donnell
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a living: European opening… always works by David Aranzabal
Again a easy setup at the European opening: GBP/USD: Double top at Asian resistance. Price breaks ascending trendline just at the Frankfurt opening, all the way down to the main double cero price level.
CEO'S Weblog: Learning Center - Unit B, Chapter 3: Chart Analysis RELEASED by Francesc Riverola
FX Market Readings: Volatile moves for week end by Dr. S. Sivaraman
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Live Sessions Schedule
Tracking the forex market together / Part II
Expert: Dr.S.Sivaraman
Start: Fri, Jul 17, 12:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jul 17, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jul 17, 12:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN |  |
| Fri, Jul 17, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Jul 20, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Jul 20, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
Looking for Japanese Yen to recover close to 90.00 − Commerzbank
FXstreet.com Independent Analyst Team − After testing three times the 91.80 strong support (July 8, 10 and 11), USD/JPY rose to post 94.45 as 1−week high, thus pair started to falls to levels close to 93.30 yesterday. Currently the pair is trading around 93.74, 0.05% above today's opening price and closing the week with 1.45% gains from 92.43, Monday opening price. Karen Jones, Analyst at Commerzbank, comments the Yen to recover further and test 90.00 support in the following three weeks as pair is trading in a downchannel.
GBP/USD
USD Still Caught in the Old See−Saw by Swiss e Trade AG
The pound, usually more volatile than the EUR vs. USD, already lost considerable ground in early European trading and is currently priced at 1.6305 near a short term support zone.
EUR/USD
Timeframe Breakdowns − EURUSD by Ian Coleman
We are still in an up channel at an angle of 25 degrees. The moving averages are mixed and we are definitely not trending. Momentum is flat but above the ascending trend line.
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 HOUSING STARTS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 17 | 12:30 | Housing Starts (YoY) | 0.53M | 0.53M |
| Jul 17 | 12:30 | Building Permits (MoM) | 0.520M | 0.518M |
US economic indicators - Housing starts and building permits (Jun): stabilising at very low levels by BHF−Bank
As the graph shows, the development of the NAHB index suggests that housing starts and building permits have bottomed out and could start to recover in the near future. We forecast that housing starts, which rose by 17.1% in May, will have remained stable at about 530k in June, and building permits could have risen to the same level.
[ Full Story ]Forex Trading Strategies - Forex Trading Strategies by Saxo Bank
Top Market Movers Review
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 17 | 11:00 | Bank of Canada Consumer Price Index Core (YoY) | 1.9% | 1.9% | 2.0% |
| Jul 17 | 11:00 | Consumer Price Index (MoM) | 0.3% | 0.3% | 0.7% |
| Jul 17 | 11:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.0% | 0.0% | 0.4% |
| Jul 17 | 11:00 | Consumer Price Index (YoY) | -0.3% | -0.3% | 0.1% |
Canada Jun CPI rises 0.3% MoM, falls 0.3% YoY (FXstreet.com)
[ Full Story ]- Read the CPI data at Statistics Canada
Forex Trading Strategies - Forex Trading Strategies by Saxo Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 17 | 09:00 | EMU | Construction Output w.d.a (YoY) (May) | -8% | -5% |
|
| 09:00 | EMU | Trade Balance s.a. (May) | €0.8B | €1.2B | €0.7B |
|
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Jun) | 0.0% | 0.0% | 0.4% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Jun) | 1.9% | 1.9% | 2.0% | |
| 11:00 | CA | Consumer Price Index (MoM) (Jun) | 0.3% | 0.3% | 0.7% | |
| 11:00 | CA | Consumer Price Index (YoY) (Jun) | -0.3% | -0.3% | 0.1% | |
| 12:30 | US | Building Permits (MoM) (Jun) | 0.520M | 0.518M | ||
| 12:30 | US | Housing Starts (YoY) (Jun) | 0.53M | 0.53M | ||
| 12:30 | CA | Leading Indicators (MoM) (Jun) | -0.1% | |||
| 17:00 | US | NAHB Housing Market Index | 16 | 15 | ||
Educational Resources
If you can't spot it, don't trade it
You will find that all successful traders share one thing in common. They all (without exception) have an edge based on low risk entries. Gabe Velazquez looks at why new traders need to learn to identify low risk entry points if they want to enjoy a successful trading career. Read the report!
Other Articles:
Faith−Based Economics from The Trader's Journal May issue
Pivot Point Analysis from The Trader's Journal March issue
Using Moving Averages as Trend filters from The Trader's Journal March issue