Tuesday, Jul 21, 11:04 GMT
U.S. Trading Newsletter
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Forex Blogs
Trading for a living: Frankfurt opening working like a charm... Again by David Aranzabal
Today we had again a breakout session at the Frankfurt opening. Very easy setup and a tight stop, giving us a excellent risk / reward ratio. GBP/USD: Bullish dollar sentiment at the European opening.
CEO’s Weblog: FXstreet.com launches its Technical Forex News Feed to the global Forex community by Francesc Riverola
FX Market Readings: Swing and slide moves are expected before next rise by Dr. S. Sivaraman
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jul 21, 14:00 GMT
Type of Session: Webinar
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Jul 21, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 21, 12:00 GMT | FX System Trading  | Sam Seiden | WBN |  |
| Tue, Jul 21, 13:00 GMT | Central Bank Review | Adam Rosen | WBN | |
| Tue, Jul 21, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Jul 21, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
Current Session: Europe − U.S.
GBP/USD: We are still in an ascending channel
We had the break out lower from the wedge on the 2nd July. We reach the low at 1.5983. This was an impulsive move with the 20 SMA holding well. We are now in another ascending wedge formation. The top being at 1.6535, the bottom at 1.6343. We are still making higher highs and higher lows.
EUR/USD
USD Trading on Edge of Support by Swiss e Trade AG
Since the beginning of June, the pair has repeatedly tried to attack the 1.4200 / 1.4300 resistance line, as again this European morning, and is currently trading at 1.4210. Heavily overbought as the market is, we think rather of a retreat today, to the 1.4090 support zone.
USD/JPY
USD/JPY has established an uptrend from the July 12th low at 91.80 by ACM − Advanced Currency Markets
Short term the pair has established an uptrend from the July 12th low at 91.80 and hit major resistance at 94.60. There is a mid trend channel which coincides with support at 93.86
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 FED'S BERNANKE TESTIFIES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 21 | 15:00 | Fed's Bernanke testifies | - | - |
US economic indicators - Bernanke will present to the relevant committees of the Congress on Tuesday and Wednesday by BHF−Bank
Ben Bernanke will present to the relevant committees of the Congress on Tuesday and Wednesday. His main challenge will be to reconcile the more upbeat outlook for growth and the stabilisation of financial markets with the necessity of keeping the Fed Funds Rate low and continuing with credit and quantitative easing measures.
[ Full Story ]Forex Trading Strategies - Optimism still the buzz−word ahead of Bernanke's testimony by Saxo Bank
Top Market Movers Review
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 21 | 08:30 | Public Sector Net Borrowing | £13.0B | £15.8B | £19.9B |
DATA SNAP: UK June PSNB +GBP13.0B, Less Than Forecast (Dow Jones)
The U.K. public sector borrowed a net GBP13.0 billion in June, the highest borrowing on record for that month as the recession continued to have an impact on public finances, the Office for National Statistics reported Tuesday.
[ Full Story ]- Public sector finances at Office for National Statistics
- United Kingdom Public Sector Net Borrowing, £13.0B in Jun from £7.5B a ear ago (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 20 | 23:50 | JP | BoJ Monetary Policy Meeting | |||
| Jul 21 | 01:30 | AU | New Motor Vehicle Sales (MoM) | 5.7% | 5.4% | |
| 01:30 | AU | New Motor Vehicle Sales (YoY) | -7.2% | -12.2% |
||
| 01:30 | AU | RBA Meeting's Minutes | ||||
| 06:15 | CH | Trade Balance | 1.57B | 1.87B | 2.00B |
|
| 08:30 | UK | Public Sector Net Borrowing | £13.0B | £15.8B | £19.9B | |
| 13:00 | CA | BoC Interest Rate Decision | 0.25% | |||
| 15:00 | US | Fed's Bernanke testifies | ||||
| Jul 22 | 01:30 | AU | Consumer Price Index (QoQ) | 0.5% | 0.1% | |
| 01:30 | AU | Consumer Price Index (YoY) | 2.5% | |||
Educational Resources
LearningMarkets.com
21 lessons for Beginners. From the Basics to the Portfolio Management. The course is made of written text, video demonstration and practical examples.
A short course to get started in the exciting Forex Market.