Wednesday, Jul 29, 11:13 GMT
U.S. Trading Newsletter
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- Webinar Archive: Monthly Webinar with Lea Peters: Part 1 and Part 2
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- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a Living: Was yesterday the first crack in risk sentiment or merely a healthy correction? by David Aranzabal
Risk sentiment took a bit of a knock last night as US consumer confidence disappointed for the second straight month, pouring some cold water on the imminent recovery theory.
The Disciplined Trader: Some evidence a diagonal is forming on the EUR/USD by Pierre Charlebois
Chartology: USD/JPY Swing Set Up by Raghee Horner
ForexHedge: EUR/USD Trend by Ron Schelling
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Live Sessions Schedule
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Jul 29, 14:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jul 29, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 29, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Jul 29, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jul 29, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
| Wed, Jul 29, 16:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
Currently a minor consolidation is unfolding above 1.6353
deltastock.com − The pair is in an downtrend, after peaking at 1.6746. Trading is situated above the 50− and 200−day SMA, currently projected at 1.4778 and 1.5510.
As expected, the pair broke through 1.6454, reaching low at 1.6353. Currently a minor consolidation is unfolding above 1.6353, that is expected to be limited below 1.6412 before next drowning towards 1.6292, en route to 1.6120.
EUR/USD
We are still in the up channel with the base being at the 1.3800 by FXstreet.com Independent Analyst Team
We broke out of the triangle formation but it has been anything but impulsive. We struggled to break 1.4300. We have seen very choppy days and all the oscillators have dropped.
USD/JPY
Forex: USD/JPY: Dollar bounced at 94.00 and approaches 94.95/00 area by FXstreet.com
The Dollar Yen is one of the largest moving currencies during the European morning trade, as the Dollar reaches levels approaching 94.95/00 resistance area after bouncing at 94.00.
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 DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 29 | 12:30 | Durable Goods Orders | -1.7% | 1.8% |
| Jul 29 | 12:30 | Durable Goods Orders ex Transportation | - | 1.1% |
US economic indicators - Durable goods orders will probably have declined by 1.0% mom in June by BHF−Bank
Durable goods orders will probably have declined by 1.0% mom in June, mainly due to the transportation sector. ISM new orders index dipped below 50, durable goods production declined by 0.7 %, and car sales fell.
[ Full Story ]Top Market Movers Review
UK NET LENDING TO INDIVIDUALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 29 | 08:30 | Mortgage Approvals | 47.58K | - | 44.16K |
| Jul 29 | 08:30 | Net Lending to Individuals | £0.4 | - | £0.5B |
| Jul 29 | 08:30 | Consumer Credit | £0.1B | - | £0.3B |
United Kingdom Net Lending to Individuals down to £0.4B in Jun vs £0.5B in May (FXstreet.com)
[ Full Story ]- Lending to Individuals at Bank of England
- UPDATE:UK Consumer Loans Slow; Mtge Approvals Up For 5th Mo (Dow Jones)
- UK Consumer lending posts the lowest advance on record in June (FXstreet.com)
- DATA SNAP: UK Consumer Lending Drops To Record Low In June (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 29 | 08:30 | UK | Consumer Credit | £0.1B | £0.3B | |
| 08:30 | UK | M4 Money Supply (MoM) | -0.2% | 0.2% | ||
| 08:30 | UK | M4 Money Supply (YoY) | 13.8% | 16.7% | ||
| 08:30 | UK | Mortgage Approvals | 47.58K | 44.16K |
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| 08:30 | UK | Net Lending to Individuals | £0.4 | £0.5B |
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| 11:00 | US | MBA Mortgage Applications | 2.8% | |||
| 12:30 | US | Durable Goods Orders | -1.7% | 1.8% | ||
| 12:30 | US | Durable Goods Orders ex Transportation | 1.1% | |||
| 14:30 | US | EIA Crude Oil Stocks change | -1.8M | |||
| 18:00 | US | Fed's Beige Book | ||||