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Forex Blogs
Trading for a living: Breakout at Frankfurt opening. On time by David Aranzabal
Price broke the descending trendline and broke the Asian resistance at this time. The price retraced, just in case you didn't grab the first opportunity. After that the price went all the way up till the 1.6500 level (double cero).
The Advisor Weblog: Majors’s sentiment for today by Valeria Bednarik
The Trader’s Edge: EUR/USD - Have we seen a short-term top? by Ross Yamashita
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jul 20, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Jul 20, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 20, 12:00 GMT | Advanced Fibonacci Tools  | Valeria Bednarik | WBN |  |
| Mon, Jul 20, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Jul 20, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Tue, Jul 21, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: Europe − U.S.
GBP/USD: If we get a clear beak of the wedge to the upside then I would look to 1.6626
FXstreet.com Independent Analyst Team − We had class A divergence on the 16th July with the chart making higher highs and the oscillators making lower highs. This was also around 61.8% retracement of the move down (1.6455) and the top of the channel. We did pull lower but have since rallied higher as we were unable to hold onto the trend. The Moving Averages are in order to buy. We are looking a bit overbought on the RSI.
EUR/USD
Testing important resistance in the 1.4200 area by Mizuho Corporate Bank
Testing important resistance in the 1.4200 area, a 50% retracement of last year's losses which coincides with a large, flat−topped Ichimoku ‘cloud'.
USD/JPY
Rallying Stock Markets Depress the USD by Swiss e Trade AG
After a stronger Asian session of the dollar against the yen, the European morning brought some downward correction, with the market right now at 94.50. We expect more of this downward movement today, to levels around 93.90.
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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 20 | 14:00 | Leading Indicators (MoM) | 0.5% | 1.2% |
Friday Notes - Index of Leading Indicators: Up strongly by UniCredit Group
Apart from consumer confidence, which eased slightly in June, all of the ten leading indicators contributed to the increase of the composite index. The largest contribution came from a steeper yield curve, followed by an increase in real money supply and a pick−up in the S&P500. With our monthly forecast, the index of leading indicators would have risen an annualized 131⁄2% between March and June – the largest 3M increase since early 2002.
[ Full Story ]Sunrise Market Commentary - The consensus is looking for the third consecutive increase by KBC Bank
Top Market Movers Review
UK CML GROSS MORTGAGE LENDING S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 20 | 08:30 | CML Gross Mortgage Lending s.a. | £12.3B | - | £10.3B |
DATA SNAP: UK Jun Gross Mtge Lending Rises To 6−Mo High −CML (Dow Jones)
U.K. gross mortgage lending rose to its highest level for six months in June, but was little more than half the amount of the year−earlier month, the Council of Mortgage Lenders said Monday.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 20 | 01:30 | AU | Producer Price Index (YoY) | -0.8% | 4.0% | |
| 06:00 | DE | Producer Price Index (MoM) | -0.1% | 0.5% | 0.0% | |
| 06:00 | DE | Producer Price Index (YoY) | -4.6% | -3.6% | ||
| 08:30 | UK | CML Gross Mortgage Lending s.a. (Jun) | £12.3B | £10.3B | ||
| 08:30 | UK | M4 Money Supply (MoM)  | -0.2% | 0.4% | 0.2% | |
| 08:30 | UK | M4 Money Supply (YoY) | 14.2% | 16.7% |
||
| 12:30 | CA | Foreign investment in Canadian securities | $9.05B | |||
| 12:30 | CA | Wholesale Sales (MoM) | -0.6% | |||
| 14:00 | US | Leading Indicators (MoM) | 0.5% | 1.2% | ||
| 17:30 | US | Fed's Lockhart speech | ||||
Educational Resources
Simple Logic Always Beats Complex Illusion
Often, the obvious can stare you right in the face and you will never realize it, the illusive obvious. As humans, we often look deeper into issues when attempting to resolve them which often ends up making the issue more complicated. Read Sam Seiden's article!
Other Articles:
Forex Web Resources - Report by Steve Misic
Buddy, Can You Spare $5 Trillion? - Report by John Mauldin
A Summer of Doji−ing Around - Report by Online Trading Academy Team