Tuesday, Jul 10, 07:41 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What moves currencies? - Yen crosses Focus
Expert: Tony Juste
Start: Tue, Jul 10, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
US Pre-Market Open
Expert: Ed Ponsi
Start: Tue, Jul 10, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, Jul 10, 10:00 GMT | What moves currencies? - Yen crosses Focus | Tony Juste | WBN | |
| Tue, Jul 10, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Tue, Jul 10, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
| Tue, Jul 10, 13:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
Current Session: Europe
EUR/JPY
Daily Technical Analysis - Little to add as we consolidate just under the all-time high at 1.3670/1.368 by Mizuho Corporate Bank
Little to add as we consolidate just under the all-time high at 1.3670/1.3683 and interesting how limited recent downside probes have been. Sooner or later we expect new records to be set and potentially big moves in uncharted territory. The Euro is slightly overbought.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Follow up all the currency pairs in Real Time, the Advisor Weblog 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:
Spot Forex Trades - EURUSD, GBPUSD, & GBPCHF by ForexSurvivor
Daily Forex Commentary - Double up on CPIs Today by Jyske Bank
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Currencies at a Glance
- EUR/USD
- Back around first support level 1.3611 after bounced at second support level 1.3596
07/10/2007 06:23 GMT - GBP/USD
- Trades around pivot level 2.0139
07/10/2007 06:23 GMT - USD/CHF
- Moves up above first resistant level 1.2186
07/10/2007 06:23 GMT - USD/JPY
- Back around pivot level 123.42
07/10/2007 06:23 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
Canada BOC INTEREST RATE ANNOUNCEMENT
| Date (GMT) | Event | Cons. | Previous | |
| Jul 10 | 13:00 | BoC Interest Rate Announcement | 4.50% | 4.25% |
The Currency Futures Report - Canadian Dollar 'Higher' on Expected Rate Increase by Alaron
The CD opened higher at .9560 as traders expect the BoC to raise rates by 25bp at Tuesday's meeting. Prices slid to a morning Lo of .9538, but bounced to a mid-day Hi of .9568, before drifting lower towards the close.
[ Full Story ]- Forex Forum: Canada BoC Interest Rate Announcement 10-7-2007?
Top Market Movers Review
France INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 10 | 06:45 | Industrial Production (MoM) | 0.4% | 0.7% | -0.8% |
DATA SNAP: French May Industrial Production +0.4% On Mo (Dow Jones)
French industrial production increased slightly in May, due to higher intermediate goods and energy production, but was below expectations as automobile production declined sharply, data released by French national statistics office Insee showed Tuesday.
[ Full Story ]- Read the Industrial production index at Insee
- French May industrial output up 0.4 pct from April (Thomson Financial News)
UK BRC RETAIL SALES MONITOR - SAME STORE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 9 | 23:01 | BRC Retail Sales Monitor - All (YoY) | 5.1% | - | 4.0% |
| Jul 9 | 23:01 | BRC Retail Sales Monitor - Same Store (YoY) | 3.0% | 2.2% | 1.8% |
UK retail sales register best performance of second quarter in June - BRC (Thomson Financial News)
UK retail sales registered their best performance of the second quarter in June, weathering the recent rises in borrowing costs as some clearance sales got to off to an early start. The British Retail Consortium reported that like-for-like sales, which strip out changes in floor space, rose by 3.0 pct in June from the previous year.
[ Full Story ]- Read the UK Retail Sales Monitor June 2007 at BRC
- DATA SNAP: UK Retail Sales Pick Up In June - BRC (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 9 | 23:01 | UK | BRC Retail Sales Monitor - All (YoY) (Jun) | 5.1% | 4.0% | |
| Jul 10 | 01:30 | AU | National Australia Bank's Business Conditions (Jun) | 16 | 17 | |
| 01:30 | AU | National Australia Bank's Business Confidence (Jun) | 15 | 15 | ||
| 06:45 | FR | Industrial Production (MoM) (May) | 0.4% | 0.7% | -0.8% | |
| 08:30 | UK | Trade Balance (May) | -£6.55B | -£6.32B | ||
| 12:15 | CA | Housing Starts (YoY) (Jun) | 215.0 | 229.7K | ||
| 13:00 | CA | BoC Interest Rate Announcement (Jul 10) | 4.50% | 4.25% | ||
| 14:00 | US | Wholesale Inventories (May) | 0.4% | 0.3% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Jun) | 0.2% | 0.5% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Jun) | 2.4% | 2.2% | ||