Tuesday, Jul 03, 07:16 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jul 3, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies?
Expert: Tony Juste
Start: Tue, Jul 3, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, Jul 3, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Jul 3, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Tue, Jul 3, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN |  |
| Tue, Jul 3, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
Current Session: Europe
EUR/JPY
Daily Technical Analysis - EUR/JPY: Nudging to a new all-time high at 167.07 as Kiwi and Nokkie lead the way in the Yen crosses by Mizuho Corporate Bank
Nudging to a new all-time high at 167.07 as Kiwi and Nokkie lead the way in the Yen crosses. One by one they will drag each other higher. This suggests thatwe shall move on up to our long term target at 170.00. Bullish momentum remains very strong and the Euro is not grossly overbought against the Yen.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Read the latest technical comments 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:
Daily Forex Commentary - A Day without much Action by Jyske Bank
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Floating around opening price level 1.3623 , above pivot level 1.3596
07/03/2007 06:57 GMT - GBP/USD
- Floating around opening price level 2.0169 , above pivot level 2.0141
07/03/2007 06:57 GMT - USD/CHF
- Moves up toward pivot level 1.2143
07/03/2007 06:57 GMT - USD/JPY
- Moves up above pivot level 122.59
07/03/2007 06:57 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 FACTORY ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 3 | 14:00 | Factory Orders | -0.8% | 0.3% |
Friday Notes - Inflation risks still skewed to the upside by HVB Group
New orders are split roughly 50-50 between durable and non-durable goods. The latest report on durable good orders for May posted a 2.8% decline. Non-durables probably rose moderately, leaving overall factory orders down mildly after two positive months.
[ Full Story ]Top Market Movers Review
Australia RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 3 | 01:30 | Retail Sales (MoM) | -0.1% | 0.7% | 0.1% |
Australia retail sales down 0.1 percent in May from April (Thomson Financial News)
Retail sales amounted to 18.918 billion aud in May, a seasonally adjusted 0.1 percent less than in April, the Australian Bureau of Statistics said. The market's consensus forecast was that retail sales would rise 0.7 percent. In April, retail sales were a revised 0.3 pct lower than in March, the initial estimate having been that they were 0.1 percent higher.
[ Full Story ]- Read the Retail Trade report at Australian Bureau of Statistics
Overnight Briefing: American Timezone - Australian retail sales below estimates by Jyske Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 3 | 01:30 | AU | Retail Sales (MoM) | -0.1% | 0.7% | 0.1% |
| 05:45 | CH | Consumer Price Index (YoY) | 0.6% | 0.7% | 0.5% | |
| 09:00 | EMU | Producer Price Index (MoM) | 0.3% | 0.4% | ||
| 09:00 | EMU | Producer Price Index (YoY) | 2.4% | 2.4% | ||
| 09:00 | EMU | Unemployment Rate | 7.1% | 7.1% | ||
| 14:00 | US | Factory Orders | -0.8% | 0.3% | ||
| 14:00 | US | Pending Home Sales (MoM) | 0.6% | -3.2% | ||
| 23:01 | UK | Nationwide Consumer Confidence | 97 | 99 | ||
| 23:30 | AU | RBA Interest Rate Decision | 6.25% | |||
| Jul 4 | 01:30 | AU | Trade Balance | -1200M | -962M | |