Tuesday, Aug 04, 11:12 GMT
U.S. Trading Newsletter
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To Get Started
- Featured Blog: Trading for a Living - The Asian channel at the European opening worked like a charm by David Aranzabal
- WEBINAR VIDEOS: Chart reading basics with Adam Rosen
- Forex Tools renewed! Check out the brand new features: Margin Calculator and Carry Trade Calculator
- All the events of the day in our Economic Calendar
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Live Sessions Schedule
What can we learn from July earning's season?
Expert: Adam Rosen
Start: Tue, Aug 4, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Aug 4, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 4, 12:30 GMT | What can we learn from July earning's season? | Adam Rosen | WBN |  |
| Tue, Aug 4, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Aug 4, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
| Tue, Aug 4, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
Current Session: Europe − U.S.
The euro may approach its December high of $1.4720
Finotec Group Inc. −The euro may approach its December high of $1.4720 after breaking through "key" resistance at $1.4338, JPMorgan Chase & Co. said, citing trading patterns. A bullish breakout is under way following the impulsive advance" through the June high, Niall O'Connor, a technical analyst at JPMorgan in New York, wrote in a note to clients today. "The upside bias will likely shift into a grind higher, but keep in mind there is little evidence of a topping pattern right now."
USD/JPY
The dollar experienced an unusual drop this European morning by Swiss e Trade AG
After a dull Asian session, the dollar experienced an unusual drop this European morning, coming from highs at 95.40 to now 94.60. Stop−loss selling in a thin market may well be the reason for that.
GBP/USD
GBPUSD: Resumption Of Its MT Trend To Target The 1.7000 & Beyond by FXTechstrategy
As a sharp rally saw GBP breaking and holding above its YTD high at 1.4742 to close higher at 1.6938 on Monday, threats of a continuation of that breakout is now seen towards the 1.7000 level
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 PERSONAL INCOME
| Date (GMT) | Event | Cons. | Previous | |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | - | 1.8% |
| Aug 4 | 12:30 | Personal Income (MoM) | - | 1.4% |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | - | 0.1% |
| Aug 4 | 12:30 | Personal Consumption Expenditures | - | 0.3 |
| Aug 4 | 12:30 | Personal Consumption Expenditure Deflator | - | 0.1% |
The Week Ahead - Amid ongoing weakness in the job market by BBVA Bancomer
After a two month upward adjustment due to increases in social benefits under the American Recovery and Reinvestment Act, personal income is expected to drop 1% in June. As the economy and job market remain weak, companies continue to implement unpaid furloughs, reduced work weeks and other measures that effectively reduce employee compensations.
[ Full Story ]Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 4 | 09:00 | Producer Price Index (YoY) | -6.6% | - | -5.8% |
| Aug 4 | 09:00 | Producer Price Index (MoM) | 0.3% | - | -0.2% |
Fundamental News Summary - Euro Zone Producer Price Index higher by ecPulse.com
The euro zone released its producer price index (PPI) for the month of June, coming in at 0.3%, which is higher than the revised prior reading of 0.0% from −0.2%.
[ Full Story ]- Read the oficial PPI report at Eurostat
- UPDATE:Euro−Zone Jun PPI Annual Fall Suggests Deflation Risk (Dow Jones)
Australia RBA INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 4 | 04:30 | RBA Interest Rate Decision | 3% | - | 3% |
Top Fundamental Stories - The Reserve Bank of Australia kept interest rates at 3.00% and signaled a better outlook for the world economy by ecPulse.com
The Reserve Bank of Australia decided today to keep interest rates at 3.00%, the lowest in 49 years, for the fourth consecutive month.
[ Full Story ]- Read the Rate data at RBA
- Rba Leaves rates on hold (Forex Live)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 4 | 03:00 | NZ | ANZ Commodity Price (Jul) | 1.0% | 0.2% | |
| 04:30 | AU | RBA Interest Rate Decision | 3% | 3% | ||
| 07:15 | CH | Consumer Price Index (MoM) (Jul) | -0.7% | 0.2% | ||
| 08:30 | UK | PMI Construction (Jul) | 47.0 | 44.5 | ||
| 09:00 | EMU | Producer Price Index (MoM) (Jun) | 0.3% | -0.2% | ||
| 09:00 | EMU | Producer Price Index (YoY) (Jun) | -6.6% | -5.8% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Jun) | 0.1% | |||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Jun) | 1.8% | |||
| 12:30 | US | Personal Consumption Expenditure Deflator (Jun) | 0.1% | |||
| 12:30 | US | Personal Consumption Expenditures (Jun) | 0.3 | |||
Educational Resources
Video Forex trading program − Day 2
This EXCLUSIVE 30−day trading program from 4xlounge is a series of 30 short movies. It gives the student small trading assignments to do each day, practicing the strategies we teach on demo accounts, and is designed to generate interest in not only trading the forex market, but implementing the proper techniques. Check today's lesson: Day 2: The Technicals − RSI.
Previous lesson
Video Forex trading program - Day 1 by Adam Rosen