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Forex Blogs
Trading for a living: 0−0−9 UK minutes lifts the Pound (at least temporaly) by David Aranzabal
Today the pount started the european opening breaking down the Asian support channel. We got a nice 70 pip move but the Pound recovered all the loses in a big spike (50 pips up) after the Meeting Minutes 0−0−9.
CEO's Weblog: FSA proposes bigger fines to achieve credible deterrence by Francesc Riverola
The Advisor Weblog: New TOOLS section by Valeria Bednarik
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Main Fundamental theme in the Currency Market
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Start: Wed, Jul 22, 13:00 GMT
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Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Jul 22, 14:00 GMT
Type of Session: Webinar
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| Wed, Jul 22, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
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| Wed, Jul 22, 13:00 GMT | Main Fundamental theme in the Currency Market | John Kicklighter | WBN | |
| Wed, Jul 22, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
Current Session: Europe − U.S.
Greenback Rebounds from 6−Week Low
ForexYard − The sustained upward movement of this pair has begun to push the long−term oscillators, such as the daily chart's RSI, into the over−bought territory. This appears to be putting downward pressure on the price of this pair as it has begun to level off. As momentum shifts into a downward posture, going short with tight stops might be a good strategy.
USD/JPY
Bounce from 93.26 is healthy and a sign that the uptrend is till intact by Charmer Charts.com
Although we had a very sharp drop in the afternoon, the bounce from 93.26 is healthy and a sign that the uptrend is till intact. A break above 93.75 & then 94.00/02 will have bulls gaining in confidence.
EUR/GBP
EUR/GBP: The whole move up from the 2nd June is looking corrective by FXstreet.com
The whole move up from the 2nd June is looking corrective. We have the ascending wedge which is a reversal sign and we are overbought with a doji.
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 23 | 08:30 | Retail Sales (MoM) | 0.4% | -0.6% |
| Jul 23 | 08:30 | Retail Sales (YoY) | - | -1.6% |
Friday Notes - We expect June retail sales to have remained stagnant by UniCredit Group
Following a marked contraction in May, we expect June retail sales to have remained stagnant. Surveys of the retail sector, though they have not done a good job in tracking sales dynamics, have either stabilized or marked some improvement in June. Overall, retail sales should have expanded in 2Q at a slightly faster pace than in the previous quarter.
[ Full Story ]Top Market Movers Review
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 22 | 08:30 | Bank of England Minutes | - | - | - |
GBP/USD: Pound picks up from 1.6315 on BoE minutes (FXstreet.com)
There are signs that global economic downturn has bottommed, according to the Bank of England's Monetary policy minutes, which added that near−term downside risks for economy have diminished. The Bank has depicted a somewhat brighter economic forecast which gave some breath to a fast dropping Pound.
[ Full Story ]- MPC Minutes − July 2009 at Bank of England
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 22 | 01:30 | AU | Consumer Price Index (QoQ) | 0.5% | 0.5% | 0.1% |
| 08:30 | UK | Bank of England Minutes | ||||
| 09:00 | EMU | Industrial New Orders (YoY) | -30.1% | -35.5% | ||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) | -0.2% | 1.9% | -1.0% | |
| 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) | -59 | -46 | -51 | |
| 11:00 | US | MBA Mortgage Applications (Jul 17) | 2.8% | 4.3% | ||
| 12:30 | CA | Retail Sales (MoM) | -0.8% | |||
| 12:30 | CA | Retail Sales ex Autos (MoM) | -0.5% | |||
| 14:00 | US | Housing Price Index (MoM) | -0.2% | -0.1% | ||
| 14:00 | US | Housing Price Index (YoY) | -8.7% | |||