Thursday, Jul 05, 07:20 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What moves currencies?
Expert: Tony Juste
Start: Thu, Jul 5, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE
Expert: Wayne McDonell
Start: Fri, Jul 6, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, Jul 5, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Thu, Jul 5, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN |  |
| Thu, Jul 5, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
| Thu, Jul 5, 14:00 GMT | Technical Analysis Q&A | Tony Juste | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
The euro traded in a narrow range due to the holiday in the US, remaining supported above the 1.36 level versus the dollar. Support is seen at 1.3600 backed by 1.3585 and 1.3550. Resistance emerges at 1.3630 followed by 1.3640 and 1.3680.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Price Flash: GBP/USD hits dynamic line again @ 2.0170, then falls 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 Technical Analysis - JPY: Slowly trying to base against the 26-day moving average by Mizuho Corporate Bank
Daily Forex Commentary - Hot News Today by Jyske Bank
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Floating around pivot level 1.3616
07/05/2007 07:07 GMT - GBP/USD
- Continues to test first support 2.0139
07/05/2007 07:09 GMT - USD/CHF
- Floating around pivot level 1.2158
07/05/2007 07:09 GMT - USD/JPY
- Continues to move up above first resistant 122.85
07/05/2007 07:10 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 BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jul 5 | 11:00 | BOE Interest Rate Decision | 5.5% | 5.5% |
UPDATE: Bank Of England Seen Lifting Rates A Quarter Point On Thursday (Dow Jones)
The Bank of England is widely expected to lift its key interest rate a quarter point to 5.75% on Thursday, with the U.K. showing some signs of further economic strength following a finely balanced decision at the bank's last meeting.
[ Full Story ]EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jul 5 | 11:45 | ECB Interest Rate Decision | 4% | 4% |
Sunrise Market Commentary: Currencies - EMU policy makers nervous about euro by KBC Bank
There could be some impact now from the upcoming central bank meetings. The ECB could be facing some pressure tomorrow to not sound too hawkish, as it came under fire from the French. At the same time the BoE will hike, we fully expect.
[ Full Story ]Top Market Movers Review
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 4 | 08:30 | Purchasing Manager Index Services | 57.7 | 57.0 | 57.2 |
Services PMI increases unexpectedly in the UK (FXstreet.com)
Services PMI have increased in the UK, against the market expectations, to 57.7 in June from 57.2 in May. Market analysts forecasted Services PMI to remain at 57.2 or to decrease slightly.
[ Full Story ]- CIPS Homepage
- Forex - Pound continues rally against dollar, supported by strong services PMI (Thomson Financial News)
- UK CIPS June services PMI rebounds to 57.7 from 57.2 in May - sources (Thomson Financial News)
- UK June Services PMI 57.7 Vs 57.2 In May - Sources (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 5 | 05:00 | JP | Leading Economic Index (May) | 30.0 | 40.0 | 18.2 |
| 11:00 | UK | BOE Interest Rate Decision | 5.5% | 5.5% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 12:30 | CA | Building Permits (MoM) | -4.5% | -8.4% | ||
| 12:30 | US | Initial Jobless Claims | 315K | 313K | ||
| 14:00 | US | ISM Non-Manufacturing | 59.7 | |||
| 14:00 | CA | Ivey Purchasing Managers Index | 62.0 | 62.7 | ||
| Jul 6 | 05:45 | CH | Unemployment Rate (Jun) | 2.6% | 2.7% | |
| 08:30 | UK | Industrial Production (MoM) | 0.3% | 0.3% | ||
| 08:30 | UK | Industrial Production (YoY) | 0.3% | 0.4% | ||