Tuesday, Jul 17, 16:40 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: GBP & the law of gravity
- Website Renewed! All the Forex Market news and research also in Spanish
- FXstreet.com International Traders Conference: Come to Barcelona! Enjoy the Special Early Bird Discount
- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
- Check out the NEW Flash Charts on the Rates & Charts Section
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
What moves currencies? - GBP crosses watch
Expert: Tony Juste
Start: Wed, Jul 18, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, Jul 18, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 17, 18:00 GMT | Live Look at Today’s Markets  | Derek Frey | WBN |  |
| Wed, Jul 18, 10:00 GMT | What moves currencies? - GBP crosses watch | Tony Juste | WBN | |
| Wed, Jul 18, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Wed, Jul 18, 12:00 GMT | US Pre-Market Open | Ed Ponsi | WBN | |
| Wed, Jul 18, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN | |
Current Session: U.S.
GBP/USD
Mid-Day Forex Technical Report - Sterling Extends Rally, Dollar Rebounds against Yen on a Data Driven Day by ActionForex.com
Sterling powers through 2.04 level today and surges to as high as 2.0474 so far. Rally from 1.9621 is still in force and at this point, as long as 2.0348 support holds, further rise is expected to be seen towards next upside target of 100% projection of 1.9183 to 2.0132 from 1.9621 at 2.0570.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Price Flash: GBP/JPY hits maximum price extension line (daily chart) @ 250.25, falls back fast 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:
Today's Top Momentum Movers - Dollar Up on Yen, Down on Euro by TheFXMarkets.com
Daily Forex Forecast - Daily Forex Forecast by FXDream
Daily Trading Strategy - Do you think Soros is monitoring the GBP/USD? by MVDForex
Currencies at a Glance
- EUR/USD
- Continues to trade around pivot level 1.3778
07/17/2007 16:24 GMT - GBP/USD
- Continues to trade above second resistant level 2.0441
07/17/2007 16:24 GMT - USD/CHF
- Trades around pivot level 1.2021
07/17/2007 16:24 GMT - USD/JPY
- Trades above first resistant level 122.10
07/17/2007 16:24 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
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 17 | 17:00 | NAHB Housing Market Index | 28 | 28 |
Ahead of the Bell: Housing Market Index (Thomson Financial News)
A gauge of industry sentiment about the new-home market likely fell in July for the fifth straight month after hitting a 16-year low last month. The National Association of Home Builders/Wells Fargo housing market index for July is scheduled to be released at 1 p.m. EDT Tuesday.
[ Full Story ]UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 18 | 08:30 | Bank of England Minutes | - | - |
Daily Trading Strategy - Do you think Soros is monitoring the GBP/USD? by MVDForex
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Is the Bank of England decidedly going to 6%? The minutes of the last meeting should give us a clear indication on that regard, and show what the main issues the Bank is aiming to fight in order to keep economic growth at a solid level. The GBP will be volatile ahead and after the release." - FXstreet.com
Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 17 | 13:15 | Industrial Production (MoM) | 0.5% | 0.4% | -0.1% |
US June industrial production up 0.5 pct, capacity use 81.7 pct (Thomson Financial News)
US industrial output rose 0.5 pct in June. Strong production of consumer goods offset weakness in business equipment. Analysts were expecting a 0.4 pct increase after production stalled in May with a revised 0.1 pct decline.
[ Full Story ]- Read the Industrial Production and Capacity Utilization at the Fed
- DATA SNAP: US Output Gain Suggests Econ On Solid Footing -2- (Dow Jones)
- Table Of Data On US Industrial Production (Dow Jones)
- DATA SNAP: US Output Gain Suggests Econ On Solid Footing (Dow Jones)
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 17 | 12:30 | Producer Price Index (YoY) | 3.3% | 3.6% | 4.1% |
| Jul 17 | 12:30 | Producer Price Index (MoM) | -0.2% | 0.1% | 0.9% |
| Jul 17 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 1.8% | 1.7% | 1.6% |
| Jul 17 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.3% | 0.2% | 0.2% |
DATA SNAP: US PPI Sinks In June, But Core Prices Rose 0.3% (Dow Jones)
U.S. wholesale prices fell in June on lower energy prices, but prices rose more than expected outside of the volatile food and energy sectors. The producer price index for finished goods fell 0.2% in June, the Labor Department said Tuesday. This drop, the first since January, followed an unrevised 0.9% gain in May.
[ Full Story ]- Read the Producer Price Index data at Labor Department
- US June PPI down 0.2 pct, core PPI up 0.3 pct (Thomson Financial News)
- Table Of US PPI Data From Labor Department (Dow Jones)
- US Jun Producer Price Index decreased 0.2% from May; Core PPI 0.3% up (FXstreet.com)
US economic indicators - PPI and CPI only likely to have risen moderately, partly due to lower gasoline prices by BHF-Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 17 | 13:15 | US | Capacity Utilization (Jun) | 81.7% | 81.5% | 81.4% |
| 13:15 | US | Industrial Production (MoM) (Jun) | 0.5% | 0.4% | -0.1% |
|
| 17:00 | US | NAHB Housing Market Index (Jul) | 28 | 28 | ||
| 23:50 | JP | BoJ Minutes (Jun) | ||||
| Jul 18 | 00:30 | AU | Westpac Leading Index (MoM) (May) | 0.7% | ||
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (May) | 3.6% | 3.6% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (May) | 3.6% | 4.0% | ||