Tuesday, Jul 28, 11:24 GMT
U.S. Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a Living: GBP/USD: Cable staying within the defined large trading range by David Aranzabal
Sellers will put stops in at above 1.6625. If this resistance breaks, buyers will come in and look for this to trade higher to 1.6665. Buyers will cover. They will take on the sellers here as well, as if this does break out of this range buyers are looking at 1.6830 to entice.
Chartology: USD/CAD Makes Double Bottom by Raghee Horner
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Live Sessions Schedule
Forex Basics Series: Chapter 5 − Bollinger Bands and RSI
Expert: Valeria Bednarik
Start: Tue, Jul 28, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jul 28, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 28, 12:30 GMT | Forex Basics Series: Chapter 5 − Bollinger Bands and RSI | Valeria Bednarik | WBN |  |
| Tue, Jul 28, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Jul 28, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
| Tue, Jul 28, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
Current Session: Europe − U.S.
The uptrend remains fully intact for EUR USD
ACM − Advanced Currency Markets − The uptrend remains fully intact for EUR USD and the 1.4250 level seems to be neither here nor there, as support nor resistance ,confirming the one directional outlook for the pair. 1.4338 is still a major level to clear and while the pair is doing its best to reach and test that level, the intraday RSI is still downtrending and is a slight cause for concern.
USD/JPY
USD/JPY quickly lost 80 pips in early Europen trading by Swiss e Trade AG
After a dull Asian session, the dollar quickly lost 80 pips in early Europen trading against the yen, and is currently trading at 94.60.
AUD/USD
AUD/USD: After touching the low at 0.7710, the currency rebounded extremely by Varengold Wertpapierhandelsbank AG
Since the beginning of June, the AUD/USD has been trading in a downward trend channel. After touching the low at 0.7710, the currency rebounded extremely and left the bearish trend formation.
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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 28 | 14:00 | Consumer Confidence | - | 49.3 |
Friday Notes - We expect the index to underperform its peers by UniCredit Group
According to the daily Rasmussen survey, consumer confidence in July fell for the second straight month. Moreover, as the Conference Board's index puts more weight on the labor market and the households' income situation than virtually any other consumer survey, we expect the index to underperform its peers, which benefited in the last two weeks from lower gas prices and the temporary stock market rally.
[ Full Story ]Top Market Movers Review
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 28 | 10:00 | CBI Distributive Trades Survey − Realized (MoM) | -15 | - | -17 |
DATA SNAP: UK CBI: July Retail Sales Volume −15 Vs June −17 (Dow Jones)
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 27 | 22:45 | NZ | Trade Balance | -417M | 907M |
|
| Jul 28 | 00:00 | AU | Conference Board Australia Leading Index (May) | -0.1% | 0.3% |
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| 01:30 | AU | National Australia Bank's Business Confidence(QoQ) (2Q) | -4 | -24 |
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| 03:00 | AU | RBA's Governor Glenn Stevens Speech | ||||
| 08:00 | CH | UBS Consumption Indicator | 0.96 | 0.75 |
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| 10:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Jul) | -15 | -17 | ||
| 13:00 | US | S&P/Case−Shiller Home Price Indices (May) | -18.1% | |||
| 14:00 | US | Consumer Confidence (Jul) | 49.3 | |||
| 14:00 | US | Richmond Fed Manufacturing Index (Jul) | 6 | |||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jul 26) | -51 | |||
Educational Resources
One certainty in trading is that losses will occur. Sam Seiden looks at effective ways to manage the risk in trading to enjoy a long and successful career. Read the article!
Other articles of The Trader's Journal
A view from the top and the bottom by Don Dawson
Faith−Based Economics by John Mauldin
If you can't spot it, don't trade it by Gabe Velazquez