Monday, Jul 09, 16:56 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Live Look at Today’s Markets
Expert: Derek Frey
Start: Mon, Jul 9, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies? - Yen crosses Focus
Expert: Tony Juste
Start: Tue, Jul 10, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Mon, Jul 9, 18:00 GMT | Live Look at Today’s Markets  | Derek Frey | WBN | |
| Tue, Jul 10, 10:00 GMT | What moves currencies? - Yen crosses Focus | Tony Juste | WBN | |
| Tue, Jul 10, 12:00 GMT | US Pre-Market Open | Ed Ponsi | WBN |  |
| Tue, Jul 10, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
| Tue, Jul 10, 13:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
U.S. Forex Market Commentary by GCI
Data released in the eurozone today saw German May industrial production up 1.9% m/m while the German May trade surplus expanded to €17.5 billion from €15.0 billion in April. All eyes are on today's eurozone finance ministers meeting and the fireworks that are expected to ensue. French finance minister Sarkozy is expected to tell his EMU-13 counterparts why France should delay its deficit reduction goal.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- At the Close. What else to say?, the Advisor Weblog by Tony Juste
- The Signals Tracker: track down the performance of a particular signals provider
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Foreing Exchange - EUR: Bullish above 1.3594 today and the next key resistance is 1.3660 by Avantage Financial GMBH
Spot Forex Trades - EURNZD New Signal by ForexSurvivor
Today's Top Momentum Movers - Currencies Flat to Start the Week by TheFXMarkets.com
Currencies at a Glance
- EUR/USD
- Trades between pivot level 1.3611 and Friday's high 1.3639 with narrow daily range
07/09/2007 16:40 GMT - GBP/USD
- Moves up toward second resistant level 2.0185
07/09/2007 16:40 GMT - USD/CHF
- Trades between pivot level 1.2190 and first support level 1.2149 with narrow daily range
07/09/2007 16:40 GMT - USD/JPY
- Trades around pivot level 123.24
07/09/2007 16:40 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
France INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Jul 10 | 06:45 | Industrial Production (MoM) | 0.7% | -0.8% |
Friday Notes - EMU Budgets: Missed Opportunities by HVB Group
Following a substantial drop in April (mostly driven by a calendar effect and a weatherrelated slump in energy output), we expect industrial production to have rebounded in May, totally offsetting the previous reading. This would leave the Apr-May figure only slightly above Q1, underpinning a softening in industrial output. Nevertheless, it is still robust.
[ Full Story ]Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 9 | 10:00 | Industrial Production s.a. (MoM) | 1.9% | 1.9% | -2.3% |
German May industrial output up 1.9 pct from April; beats consensus (Thomson Financial News)
German industrial output rose a seasonally adjusted 1.9 pct in May from April, beating a consensus forecast, according to preliminary data from the Economy and Technology Ministry. Economists polled by Thomson Financial had expected an increase of 1.8 pct.
[ Full Story ]- Germany Federal Ministry of Economics and Technology homepage
- DATA SNAP: German May Industrial Production +1.9% On Mo -2- (Dow Jones)
- Germany Jun Industrial Production rises to 1.9% (FXstreet.com)
UK PRODUCER PRICE INDEX - INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 9 | 08:30 | Producer Price Index - Output (YoY) | 2.4% | 2.6% | 2.5% |
| Jul 9 | 08:30 | Producer Price Index - Output (MoM) | 0.2% | 0.3% | 0.4% |
| Jul 9 | 08:30 | Producer Price Index - Input (YoY) | 2.1% | 2.1% | 1.2% |
| Jul 9 | 08:30 | Producer Price Index - Input (MoM) | 0.6% | 0.8% | 0.4% |
Global FX Daily - U.S. Edition - GBP improves despite weaker than expected PPI by Mellon Foreign Exchange
GBP has been in the ascendancy this morning, despite a weaker than expected outcome on core PPI output. The y/y rate on core output prices eased back to +2.1%, the lowest seen since Sep 2006, although this only had a very short-lived negative impact on GBP.
[ Full Story ]- Read the Factory gate inflation unchanged at 2.4% at National Statistics
- Forex - Pound underpinned as markets see inflationary pressures in PPI data (Thomson Financial News)
- Forex - Pound withstands temporary dip after PPI comes in below expectations (Thomson Financial News)
- UK June PPI Table Of Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 9 | 06:00 | DE | Trade Balance | 17.5B | 16.0B | 15.0B |
| 08:30 | UK | Producer Price Index - Input (MoM) | 0.6% | 0.8% | 0.4% | |
| 08:30 | UK | Producer Price Index - Input (YoY) (Jun) | 2.1% | 2.1% | 1.2% | |
| 08:30 | UK | Producer Price Index - Output (MoM) (Jun) | 0.2% | 0.3% | 0.4% | |
| 08:30 | UK | Producer Price Index - Output (YoY) (Jun) | 2.4% | 2.6% | 2.5% | |
| 10:00 | DE | Industrial Production s.a. (MoM) (Jun) | 1.9% | 1.9% | -2.3% | |
| 23:01 | UK | BRC Retail Sales Monitor - All (YoY) (Jun) | 4% | |||
| 23:01 | UK | BRC Retail Sales Monitor - Same Store (YoY) (Jun) | 2.2% | 1.8% | ||
| Jul 10 | 01:30 | AU | National Australia Bank's Business Conditions (Jun) | 17 | ||
| 01:30 | AU | National Australia Bank's Business Confidence (Jun) | 15 | |||