Thursday, Jul 30, 11:23 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
FX Market Readings: EURO and GBP are expected to swing and rise after the drop by Dr. S. Sivaraman
EURO and GBp made the drop yesterday during US session against the expectation and recovered towards close.They opening nominally up and as explained in Asian session.
Chartology: AUD/USD Reaching a Ceiling? by Raghee Horner
FX Bootcamp: FOREX VIDEO - New York Session Review - July 29, 2009 by Curt Wehrley
Sponsored by 
Live Sessions Schedule
Chart reading basics
Expert: Adam Rosen
Start: Thu, Jul 30, 14:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jul 30, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 30, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Jul 30, 14:00 GMT | Chart reading basics | Adam Rosen | WBN |  |
| Thu, Jul 30, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jul 30, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
Current Session: Europe − U.S.
The pound is about to attempt another attack on the 1.6600 resistance level
Swiss e Trade AG − The pound is about to attempt another attack on the 1.6600 resistance level in the early European trading hours, currently priced at 1.6510. We do not expect the 1.6600 resistance to be broken today, but repeatedly tested.
EUR/USD
Forex: EUR/USD: Euro, sideways between 1.4050 and 1.4095 by FXstreet.com
Euro retreat from 1.4300 high on Tuesday found support at 1.4005 during Thursday's Asian session and the Euro attempted a recovery which was stalled at 1.4095 before entering in a flat channel between 1.4050 and 1.4100.
EUR/GBP
We broke out of the descending triangle but didn't make much headway. by FXstreet.com Independent Analyst Team
On the Daily chart. We broke out of the descending triangle but didn't make much headway. We then made a slow grind back up to support area (0.86345) which then became resistance..
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 INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 30 | 12:30 | Continuing Jobless Claims | - | 6225K |
| Jul 30 | 12:30 | Initial Jobless Claims | - | 554K |
Friday Notes - Our view is that initial claims peaked in early May and are trending lower since by UniCredit Group
In the week ending July 24, the support from seasonal factors, which in the previous three weeks were looking for sizeable layoffs in the car industry, completely vanished. This week's report therefore will provide again an unbiased picture of the labor market situation. Our view is that initial claims peaked in early May and are trending lower since. But while separations are gradually declining, hirings are pointing south as well.
[ Full Story ]Top Market Movers Review
Germany UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 30 | 07:55 | Unemployment Change | -6K | - | 27K |
| Jul 30 | 07:55 | Unemployment Rate s.a. | 8.3% | - | 8.3% |
DATA SNAP: German Adjusted Jobless Fell Surprisingly In July (Dow Jones)
[ Full Story ]- Read the employment figures at Bundesagentur für Arbeit
- UPDATE: German Adjusted Jobless Fell Surprisingly In July (Dow Jones)
- Germany Unemployment declines by 6K; unemployment rate remains at 8.3% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 30 | 01:30 | AU | Building Permits (MoM) | 9.3% | -11.0% |
|
| n/a | UK | Nationwide Housing Prices n.s.a (YoY) | -6.2% | -9.3% | ||
| n/a | UK | Nationwide Housing Prices s.a (MoM) | 1.3% | 0.9% | ||
| 07:55 | DE | Unemployment Change | -6K | 27K |
||
| 07:55 | DE | Unemployment Rate s.a. | 8.3% | 8.3% | ||
| 09:00 | EMU | Consumer Confidence | -23 | -25 | ||
| 12:30 | US | Continuing Jobless Claims (Jul 18) | 6225K | |||
| 12:30 | US | Initial Jobless Claims (Jul 25) | 554K | |||
| 23:01 | UK | Gfk Consumer Confidence | -25 | |||
| 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Jul) | 48.2 | |||
Educational Resources
Trading with Ichimoku Kinko Hyo
The Ichimoku Kinko Hyo Technical Indicator is predefined to characterize the market Trend, Support and Resistance Levels, and to generate signals of buying and selling. Remember this indicator works best on weekly and daily charts, so it's better for long term analysis. Read the article!
Related Resources
Read the report Currency Trading with Ichimoku Kinkou−Hyo by Cornelius Luca
Check the book Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds by Nicole Elliott
Webinar - The Weather Report: Ichimoku Cloud Trading with Chris Capre on Aug 4 at 14:00 GMT Register now!