Wednesday, Jun 13, 07:35 GMT
EUROPEAN Trading Newsletter
To Get Started
- Forex Trader of the Year 2007 Contest Offering $500,000 prizes
- The Signals Tracker: track down the performance of a particular signal provider
- Check out all our Delivery Options
- ECB Meeting and BoE Meeting Reviews by FXstreet.com
- The Advisor Blog: USD keeps the pressure on
- 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
What moves currencies? - EUR watch
Expert: Tony Juste
Start: Wed, Jun 13, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Limitations of Forex Trading platforms and how to win such constrain
Expert: Dr.S.Sivaraman
Start: Wed, Jun 13, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Why platforms differ from bank deal room trading?
- Constrains of trading platforms
- How we can handle trades unhurt
| Sponsored By: | ||||
| Wed, Jun 13, 10:00 GMT | What moves currencies? - EUR watch | Tony Juste | WBN | |
| Wed, Jun 13, 16:00 GMT | Limitations of Forex Trading platforms and how to win such constrain | Dr.S.Sivaraman | WBN | |
| Wed, Jun 13, 21:00 GMT | FX Daily Wrap Up  | Derek Frey | WBN |  |
| Thu, Jun 14, 10:00 GMT | What moves currencies? - JPY crosses watch - Free-Access Day | Tony Juste | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
The Euro fell under the 1.3330 mid-term support and stabilized near the 1.3300 mark, establishing a fresh low at 1.3285 during the Asian session. Support is seen at 1.3285 backed by 1.3250. Resistance is formed by 1.3330 followed by 1.3370 and 1.3430. Daily sentiment is bearish, hourly is slightly bullish.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Price Flash: EUR/USD close to extreme oversold territory @ 1.3310 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:
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
Currency Majors Technical Analysis - Currency Majors Technical Analysis by Mataf.net
Daily Market Commentary - The dollar rallied further on Tuesday against the euro and the franc by Global Forex Trading Ltd
Currencies at a Glance
- EUR/USD
- Back below opening price level 1.3302 , below pivot level 1.3324
06/13/2007 07:32 GMT - GBP/USD
- Moves down below pivot level 1.9737
06/13/2007 07:32 GMT - USD/CHF
- Moves up above first resistant level 1.2445
06/13/2007 07:32 GMT - USD/JPY
- Continues to move up above third resistant level 122.09
06/13/2007 07:32 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**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 USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
US FED'S BEIGE BOOK
| Date (GMT) | Event | Cons. | Previous | |
| Jun 13 | 18:00 | Fed's Beige Book | - | - |
Friday Notes - Italy: Draghi's wake up call by HVB Group
The summary of observations about the business situation compiled by regional Fed banks will stress the rebound in growth in Q2, after the low Q1 GDP reading. We expect more comments about tightness in the labor market. What will be interesting are any comments on whether higher energy costs are being passed through more quickly than last year.
[ Full Story ]Top Market Movers Review
Australia WESTPAC CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 13 | 00:30 | Westpac Consumer Confidence | 2.0% | - | 7.5% |
Australian Consumer Sentiment Index Down 2.0% In June Vs May (Dow Jones)
An index of consumer sentiment in Australia fell 2.0% in June from a record high set in May, compilers Westpac and the Melbourne Institute said Wednesday. The index rose to 121.5 points in June in seasonally adjusted terms from 123.9 points in May, Westpac and the Melbourne Institute said in a statement. In on-year terms, the consumer sentiment index rose 17.0% in June after seasonal adjustment.
[ Full Story ]Japan CURRENT ACCOUNT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 12 | 23:50 | Current Account | 2300B | 2000B | 2400B |
Japan April current account surplus up 50.3 pct yr-on-yr, beats forecast -UPDATE (AFX News)
The current account surplus in April rose 50.3 pct to 1.986 trln yen from 1.322 trln the previous year supported by a higher income account, especially income on debt, and by a bigger surplus in the goods and services account, the Ministry of Finance said.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 12 | 16:30 | US | Former Fed Chairman Greenspan Speaks at Mortgage Conference NY | |||
| 23:50 | JP | Current Account | 2300B | 2000B | 2400B | |
| Jun 13 | 00:30 | AU | Westpac Consumer Confidence (Jun) | 2.0% | 7.5% | |
| 04:30 | JP | Industrial Production (MoM) (Apr) | -0.2% | -0.1% | -0.1% | |
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Apr) | 4.4% | 4.5% | ||
| 08:30 | UK | Claimant Count Rate (May) | 2.8% | 2.8% | ||
| 08:30 | UK | Unemployment Rate | 5.5% | 5.5% | ||
| 12:30 | US | Retail Sales (MoM) (May) | 0.6% | -0.2% | ||
| 14:00 | US | Business Inventories (Apr) | 0.2% | -0.1% | ||
| 18:00 | US | Fed's Beige Book | ||||