Wednesday, Jul 11, 07:41 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What moves currencies? - Greetings from the heights
Expert: Tony Juste
Start: Wed, Jul 11, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Main technical theme in the currency market
Expert: Richard Lee
Start: Wed, Jul 11, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Wed, Jul 11, 10:00 GMT | What moves currencies? - Greetings from the heights | Tony Juste | WBN | |
| Wed, Jul 11, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN |  |
| Wed, Jul 11, 13:00 GMT | Main technical theme in the currency market | Richard Lee | WBN | |
| Wed, Jul 11, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Wakeup Call on Forex Markets - USD making new lows, should continue short-term by Saxo Bank
EURUSD breaking all-time highs, fixed income rallying, stocks closing on an ugly note in US session, headed lower. Overnight News Bullets: GE Wholesale Price Index MoM/YoY (JUN) out at 0.1%/1.9%, while 0.3%/2.1% expected, 0.3%/2.4% prior. FR Industrial Production MoM/YoY (JUN) out at 0.4%/-0.3%, while 0.7%/0.2% expected, -0.8%/1.7% prior.
- 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:
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
EUR/USD Daily Technical Forex - EUR/USD Daily Technical Forex by Stoploss.ch
Weekly Wizards - 4 Top Charts to Watch by AdviceTrade.com
Currencies at a Glance
- EUR/USD
- Floating around opening price level 1.3747 , above pivot level 1.3696
07/11/2007 07:08 GMT - GBP/USD
- Back around opening price level 2.0277 , above pivot level 2.0226
07/11/2007 07:09 GMT - USD/CHF
- Continues to trade around opening price level 1.2021 , below pivot level 1.2077
07/11/2007 07:09 GMT - USD/JPY
- Moves down below first support level 121.14
07/11/2007 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 RICS HOUSE PRICE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 11 | 23:01 | RICS House Price Balance | 21.0% | 23.9% |
Spot Forex Trades - Mission of GBPUSD has been completed by ForexSurvivor
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Is the housing market in the UK losing attractive? Well, the RICS data will show what the trend is, but several studies have already issued clear warnings that the housing market may be suffering a serious slowdown as UK rates go higher. Important data to watch that will most likely have a direct effect on Cable." - FXstreet.com
Top Market Movers Review
Japan CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 11 | 05:00 | Consumer Confidence | 45.0 | - | 47.4 |
| Jul 11 | 05:00 | Consumer Confidence Households | 45.0 | 47.7 | 47.3 |
Japan consumer confidence falls to 30-month low in June - UPDATE (Thomson Financial News)
Japan's consumer confidence fell to its lowest level in two and a half years last month with more consumers convinced economic conditions have worsened, data from the Cabinet Office showed Wednesday. The consumer confidence index dropped to 45.0 in June from 47.3 in May, down for the second straight month, the agency said.
[ Full Story ]- Japan consumer confidence drops for 2nd straight month in June (Thomson Financial News)
- Japan Govt: June Consumer Sentiment Index 45.0 Vs May 47.3 (Dow Jones)
Japan DOMESTIC CORPORATE GOODS PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 10 | 23:50 | Domestic Corporate Goods Price Index (YoY) | 2.3% | 2.4% | 2.2% |
| Jul 10 | 23:50 | Domestic Corporate Goods Price Index (MoM) | 0.1% | 0.2% | 0.5% |
| Jul 10 | 23:50 | Trade Balance | ¥2134.0 | ¥527.2B | ¥1034.2B |
Japan June Domestic CGPI +2.3% On Yr Vs +2.2% In May (Dow Jones)
Japan's domestic corporate goods prices rose 2.3% to 102.9 in June from the year-earlier month, the Bank of Japan said Wednesday, marking the 40th straight month of rises on the back of higher raw material prices.
[ Full Story ]- Read the Corporate Goods Price Index report at Bank of Japan
- Japan May current account surplus rises 31.1 percent yr-on-yr, beats forecast (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 10 | 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Jun) | 2.3% | 2.4% | 2.2% |
| Jul 11 | 00:30 | AU | Westpac Consumer Confidence (Jul) | -0.6% | -2.0% | |
| 05:00 | JP | Consumer Confidence (Jun) | 45.0 | 47.4 | ||
| 05:00 | JP | Consumer Confidence Households (Jun) | 45.0 | 47.7 | 47.3 | |
| 14:30 | US | EIA Crude Oil Stocks | 3.1M | |||
| 23:01 | UK | RICS House Price Balance | 21.0% | 23.9% | ||
| Jul 12 | 03:00 | JP | BoJ Interest Rate Decision | 0.5% | ||
| 09:00 | EMU | Industrial Production s.a. (MoM) | 1.0% | -0.8% | ||
| 09:00 | EMU | Industrial Production w.d.a. (YoY) | 2.3% | 2.8% | ||
| 12:30 | US | Initial Jobless Claims | 315K | 318K | ||