Tuesday, May 08, 07:38 GMT
EUROPEAN Trading Newsletter
To Get Started
- The Signals Tracker: track down the performance of a particular signal provider
- 1st FXstreet.com International Traders Conference: See you in Barcelona!
- Check out all our Delivery Options
- The Advisor Blog: Price discrepancies
- Visit the rest of our Newsletters and subscribe now!
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, May 8, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Key economic releases
- Underlying trends
What moves currencies?
Expert: Tony Juste
Start: Tue, May 8, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, May 8, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, May 8, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Tue, May 8, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN |  |
| Tue, May 8, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN | |
Current Session: Europe
EUR/JPY
KBC Technical Analysis Forex - EUR/JPY: (163.15) New Long Term high: testing channel bottom off 152.67 by KBC Bank
New long term high but currently testing the channel bottom off 152.67 (see graph), with same pattern on
daily broken (bottom at 164.36 today).
1st Resistance area at 163.42 (yesterday high), with next levels at 163.60/ .63 (new LT high/ daily envelope top): suspect tough on 1st tests.
- The Signals Tracker: track down the performance of a particular signal provider
- Have a look at the Advisor's Blog by Tony Juste
- 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
- The Cable experience at our Forex Forum
Other Topics for this Session:
Currency Journal: Dollar see mixed trade in UK less markets by Performance Capital
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by FXtechtrade
Daily Forex Outlook - U.S. Dollar Trading eased on Monday ahead of the FOMC rate decision later this week by Easy Forex
Currencies at a Glance
- EUR/USD
- Moves down below today's pivot level at 1.3606
05/08/2007 07:07 GMT - GBP/USD
- Moves down below today's pivot level at 1.9942
05/08/2007 07:07 GMT - USD/CHF
- Moves up toward first resistant level at 1.2125 after bounced at today's pivot 1.2103
05/08/2007 07:07 GMT - USD/JPY
- Trades around first support level at 119.84
05/08/2007 07:07 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| May 8 | 10:00 | Industrial Production s.a. (MoM) | 0.5% | 0.9% |
Friday Notes - The oil price just keeps on rising by HVB Group
The UniCredit-Reuters tool for industrial production signals the third consecutive respectable increase. The dynamic could even be higher given the strong construction output as a result of the mild weather. The strong order backlog also points to production activity clearly above the average in the further course of the year.
[ Full Story ]Top Market Movers Review
Australia RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 8 | 01:30 | Retail Sales (MoM) | 1.1% | 0.5% | 0.9% |
Asia Market Update - Retail sales data shows domestic demand still strong in Australia by Trade The News
Retail sales data shows domestic demand still strong in Australia: (AU MARCH RETAIL SALES: 1.1% V 0.5% expected; Q1 EX-INFLATION QOQ: 2.0% V 1.7% expected; Prior q/q revised to 1.2% from 1.3%).
[ Full Story ]- Read the Retail Sales report at Australian Bureau of Statistics
- Australia March retail sales up 1.1 pct mth-on-mth, seasonally adjusted (AFX News)
- DATA SNAP: Australian Mar Retail Sales Rise 1.1% Vs Feb -2- (Dow Jones)
- DATA SNAP: Australian Mar Retail Sales Rise 1.1% Vs Feb (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 7 | 19:00 | US | Consumer Credit (Mar) | $13.5 | $5.0B | $3.0B |
| May 8 | 01:30 | AU | Retail Sales (MoM) | 1.1% | 0.5% | 0.9% |
| 10:00 | DE | Industrial Production s.a. (MoM) (Mar) | 0.5% | 0.9% | ||
| 14:00 | US | Wholesale Inventories (Mar) | 0.5% | 0.5% | ||
| May 9 | 05:00 | JP | Leading Economic Index (Mar)  | 40.9% | ||
| 18:15 | US | Fed Interest Rate Decision | 5.25% | 5.25% | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Apr) | 1.1% | 1.1% | ||
| May 10 | 08:30 | UK | Industrial Production (MoM) (Mar) | 0.3% | -0.2% | |
| 08:30 | UK | Industrial Production (YoY) (Mar) | 0.3% | |||
| 09:00 | UK | BOE Rate Decision | 5.25% | 5.25% | ||