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- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a Living: Is UK Economy In Full Blown Recovery? by David Aranzabal
UK Retail sales printed better than expected at 1.2% versus 0.3% as warm weather and discounts helped to fuel consumer demand. Additionally BBA mortgages rose to 35.2K from 31.9K the period prior. This was the fourth consecutive rise in the BBA number as signs of a bottom in the UK housing market are becoming evident.
The Trader’s Edge: EUR/USD Wave Count & FXstreet.com Tools by Ross Yamashita
The Advisor Blog: Majors’s sentiment for today by Valeria Bednarik
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
MONTHLY WEBINAR − Part 1: Technical analysis : Price is the King!
Expert: Lea Peters
Start: Thu, Jul 23, 13:00 GMT
Type of Session: Webinar
MONTHLY WEBINAR − Part 2: Market Symmetry and WDGann Analysis
Expert: Lea Peters
Start: Thu, Jul 23, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 23, 13:00 GMT | MONTHLY WEBINAR − Part 1: Technical analysis : Price is the King! | Lea Peters | WBN |  |
| Thu, Jul 23, 15:00 GMT | MONTHLY WEBINAR − Part 2: Market Symmetry and WDGann Analysis | Lea Peters | WBN | |
| Thu, Jul 23, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Fri, Jul 24, 09:00 GMT | Trading the Harmonic patterns  | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
The Dollar traded on a mixed note against most majors
UFX Bank − The Euro traded near a seven−week high versus the Dollar following US stocks breaking above the 1.4250 resistance level but finding it hard to maintain this level. Industrial New Orders was released at −0.2% vs. 2% forecast. Overall EUR/USD traded with a low level of 1.4155 and high level of 1.4277. Today, Current Account expected on a level of −2.70B.
GBP/USD
Cable added stimulus this Europen morning by Swiss e Trade AG
Cable added stimulus this Europen morning, trading now at 1.6520, just below the main resistance zone of 1.6600. We see that resistance line holding in today's trading and expect downmoves towards the 1.6390 levels.
GBP/USD
The pounds to dollars pair are still perched below the parapet of 1.66 by Master The Markets
Yesterday's candle was yet another in a series of dojis, on this occasion with a deep lower shadow, suggesting that we may see prices rise today, with the low of the day finding some support from the 14 day moving average.
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 EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 23 | 14:00 | Existing Home Sales (MoM) | - | 2.4% |
| Jul 23 | 14:00 | Existing Home Sales | - | 4.77M |
US economic indicators - We see existing home sales rising somewhat further to about 4.85m in June by BHF−Bank
House prices are likely to remain under pressure for some time to come. However, pending home sales have been quite strong in recent months, especially in April. As pending home sales lead home resales by one to two months, we see existing home sales rising somewhat further to about 4.85m in June.
[ Full Story ]Top Market Movers Review
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 23 | 08:30 | Retail Sales (MoM) | 1.2% | 0.4% | -0.6% |
| Jul 23 | 08:30 | Retail Sales (YoY) | 2.9% | - | -1.6% |
United Kingdom Retail Sales increase to 1.2% in Jun; 2.9% up year on year (FXstreet.com)
[ Full Story ]- Read the Retail sales data at National Statistics
- UPDATE: UK Jun Retail Sales +1.2% On Mo On Weather,Discounts (Dow Jones)
- Forex: GBP/USD: Pound rises to 1.6545 high after retail sales − UPDATE (FXstreet.com)
- Forex: GBP/USD: Pound rises to 1.6545 high on better than expected retail sales (FXstreet.com)
Friday Notes - We expect June retail sales to have remained stagnant by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 22 | 23:50 | JP | Adjusted Merchandise Trade Balance | ¥438.2B | ¥510.0B | ¥309.5B |
| 23:50 | JP | Merchandise Trade Balance Total | ¥508.0B | ¥298.2B |
||
| Jul 23 | 08:00 | EMU | Current Account n.s.a | €-13.0B | -€9.2B | |
| 08:00 | EMU | Current Account s.a | €-1.2B | -€2.7B | -€6.1B |
|
| 08:30 | UK | Retail Sales (MoM) | 1.2% | 0.4% | -0.6% | |
| 08:30 | UK | Retail Sales (YoY) | 2.9% | -1.6% | ||
| 12:30 | US | Continuing Jobless Claims (Jul 11) | 6273K | |||
| 12:30 | US | Initial Jobless Claims (Jul 18) | 522K | |||
| 14:00 | US | Existing Home Sales | 4.77M | |||
| 14:00 | US | Existing Home Sales (MoM) | 2.4% | |||
Tracking Correlations Between Equities, Commodities, and Currencies
In the Forex markets, prices move for many reasons. Read Steve Misic's report to know few of the basic business reasons for day−to−day movements in the Forex markets.
Other Lessons from the Pros Articles
Who Are You? - Report by Sam Seiden
Europe on the Brink - Report by John Mauldin
Handling Trading Pressure - Report by Don Dawson