Monday, Jul 02, 07:53 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What moves currencies?
Expert: Tony Juste
Start: Mon, Jul 2, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jul 2, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Mon, Jul 2, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Mon, Jul 2, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN |  |
| Mon, Jul 2, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jul 2, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe
GBP/USD
Daily Forex Outlook - AUD and GBP break key levels to remain bullish by Easy Forex
Overall the GBPUSD traded with arrange of a low 2.013 and a high of 2.0085 before closing the day at 2.0075 in the New York session. Looking ahead the Manufacturing PMI will be released out of the UK with expectations the figure will come in a little softer at 54.5 than the previous 54.9.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- EUR/USD hits extreme overbought level again @ 1.3520 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:
Weekly Forex Market Commentary - The dollar fell sharply on the last day of the second quarter and the generally soft data didn’t help by Global Forex Trading Ltd.
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level 1.3531 , above pivot level 1.3505
07/02/2007 07:03 GMT - GBP/USD
- Moves down toward pivot level 2.0062
07/02/2007 07:03 GMT - USD/CHF
- Trades around last week low 1.2209 , below pivot level 1.2251
07/02/2007 07:03 GMT - USD/JPY
- Moves down toward second support level 122.64
07/02/2007 07:04 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
UK PMI MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 2 | 08:30 | PMI Manufacturing Index | 54.4 | 54.9 |
Friday Notes - Inflation risks still skewed to the upside by HVB Group
After a strong rise in May, we expect manufacturing PMI to decline to 54, with some deceleration in the output component, after the modest May gain. The price index is also likely to decline from the peak registered in May.
[ Full Story ]Top Market Movers Review
Japan TANKAN LARGE MANUFACTURERS INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 1 | 23:50 | Tankan Large All Industry Capex | 7.7% | 9.0% | 2.9% |
| Jul 1 | 23:50 | Tankan Large Mfg Outlook | 22 | 22 | 20 |
| Jul 1 | 23:50 | Tankan Non - Manufacturing Outlook | 23 | 23 | 23 |
| Jul 1 | 23:50 | Tankan Non - Manufacturing | 22 | 22 | 22 |
| Jul 1 | 23:50 | Tankan Large Manufacturers Index | 23 | 23 | 23 |
DATA SNAP: BOJ Tankan: Big Mfrs Mood Index 23: Expected 23 (Dow Jones)
Managers at large-scale Japanese companies were as upbeat about business conditions in June as they were three months ago, the Bank of Japan's "tankan" survey showed Monday. The central bank's quarterly survey of business sentiment for June showed the headline index for large manufacturers - long a main driver of Japanese economic growth - stood at 23, unchanged from the previous survey in March.
[ Full Story ]- Read the Tankan Report at Bank of Japan
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 1 | 23:50 | JP | Tankan Large All Industry Capex | 7.7% | 9.0% | 2.9% |
| 23:50 | JP | Tankan Large Manufacturers Index | 23 | 23 | 23 | |
| 23:50 | JP | Tankan Non - Manufacturing | 22 | 22 | 22 | |
| 23:50 | JP | Tankan Non - Manufacturing Outlook | 23 | 23 | 23 | |
| Jul 2 | 07:55 | DE | Purchasing Manager Index Services | 56.4 | 57.5 | |
| 08:00 | EMU | PMI Manufacturing Index | 55.4 | 55.4 | ||
| 08:30 | UK | PMI Manufacturing Index | 54.4 | 54.9 | ||
| 14:00 | US | ISM Manufacturing | 55 | 55 | ||
| Jul 3 | 09:41 | AU | RBA Interest Rate Decision | 6.25% | ||
| Jul 5 | 11:45 | EMU | ECB Interest Rate Decision | 4% | ||