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Read the rest of Forex Technical Analysis for 07/06—07/10 Week (16 words)

The resulting extrema may be used to build regression channels or the chart patterns (like triangles and wedges) as you wish. You can find more information about this indicator and also download it for free:

• ZigZagOnParabolic MT4 Indicator

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Read the rest of Detect Chart Extrema with Improved ZigZag Indicator (20 words)

Nonfarm payrolls declined by 467k in June, following 322k drop in May. The payrolls were expected to go down by 365k according to forecasts. Overall unemployment rate increased from 9.4% to 9.5%.

Initial jobless claims were at 614k last week, down from 630k reported a week earlier. The report went out almost matching the forecast which was at 615k.

Factory orders increased by 1.2% in May, following 0.5% rise in April (revised negatively from 0.7%). The market expected a 0.9% increase.
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Read the rest of Dollar Rises as Nonfarm Payrolls Drop Fast (13 words)

ADP employment report for June showed a decrease by 473k jobs during that month, but that was considered a positive signal since it was less than 485k decline demonstrated in May (positively revised from 532k drop). According to the consensus forecast, jobs were expected to fall by 394k in June.

Construction spending fell in May by 0.9% after rising by 0.6% a month earlier. It was expected to decrease by only 0.6%.

ISM manufacturing index advanced from 42.8% to 44.8% in June — slightly higher than the forecast suggested (44%).

Pending home sales index rose for the fourth consecutive month in U.S. and gained 0.1% in May, following 3.3% gain in April.

U.S. crude oil inventories continued to fall last week and decreased by 3.7 million barrels.
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Read the rest of EUR/USD Propels on Improved Macroeconomics (13 words)

S&P/Case-Shiller seasonally adjusted home price index for the 20 U.S. states declined by 18.1% in April compared to the last year, following 18.7% drop in March. The average forecast for this index yearly change was at -18.63%.

Consumer confidence unexpectedly dropped at a very fast pace — to 49.3 in June from 54.8 in May. It was expected to go up to 55.3.

Chicago PMI business barometer index rose from 34.9 to 39.9 in June. It exceeded the median forecast of 39 for this indicator.
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Read the rest of EUR/USD Shows Spike on Consumer Confidence Decline (13 words)

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Read the rest of What Pairs Do You Trade? (26 words)

1. GBP/USD, Daily, Ascending Triangle:

2. EUR/JPY, Daily, Rising Wedge:

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Read the rest of Forex Chart Patterns — EUR/JPY and GBP/USD (14 words)

CPI rose by 0.1% in May in the United States after remaining unchanged in Aprl (revised from -0.7% reported a month ago). The forecasts for May were averaged near 0.9% decline.

Current account balance deficit decreased to $101.5 billion in the first quarter of 2009 (preliminary value). Q4 2008 deficit was revised from $132.8 billion to $154.9 billion. Latest Q1 deficit is the lowest since the fourth quarter of 2001, but it’s still above the median forecast of $85 billion.

Crude oil inventories decreased by 3.9 million barrels last week after falling by 4.4 million barrels one week earlier.
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Read the rest of Positive Revision of CPI Spurs EUR/USD Growth (13 words)