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EUROPEAN Trading Newsletter
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Live Sessions Schedule
What moves currencies? - Free-Access Day
Expert: Tony Juste
Start: Thu, Jul 12, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Leverage and Money Management - Free-Access Day
Expert: S. Wade Hansen
Start: Thu, Jul 12, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, Jul 12, 10:00 GMT | What moves currencies? - Free-Access Day | Tony Juste | WBN | |
| Thu, Jul 12, 11:00 GMT | Leverage and Money Management - Free-Access Day | S. Wade Hansen | WBN | |
| Thu, Jul 12, 12:00 GMT | US Pre-Market Open - Free-Acess Day | Ed Ponsi | WBN | |
| Thu, Jul 12, 13:00 GMT | Objective Day Trading Rules for Forex Traders - Free-Access Day | Sam Seiden | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Analysis - EUR/USD: (1.3754) New high on move above Double Bottom off 1.3555 by KBC Bank
New high on move back above LT daily Downtrenline off 1992 (synthetic charts: 1.3450 today) and Double Bottom off 1.3555 (see graph: 1st target has been met, with 2nd one at 1.3846).
Long Term: 1.3252 = break-up daily March 15: positive € bias while above.
1st Support area at 1.3739/ .3730 (Short Term lows hourly), with next levels at 1.3717 (daily envelope bottom), ahead of 1.3697/ .3683 (break-up hourly/ daily Short Term Moving Average↑/ previous high).
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- 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
Spot Forex Trades - USDCHF Working & GBPCHF Limit by ForexSurvivor
Daily Forex Commentary - US Sub-prime in Centre of Attention by Jyske Bank
Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves up above first resistant level 1.3775
07/12/2007 07:22 GMT - GBP/USD
- Continues to trade around opening price level 2.0324 , above pivot level 2.0309
07/12/2007 07:22 GMT - USD/CHF
- Moves down below pivot level 1.2040
07/12/2007 07:22 GMT - USD/JPY
- Moves down below pivot level 121.99
07/12/2007 07:22 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
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jul 12 | 09:00 | Industrial Production s.a. (MoM) | 1.0% | -0.8% |
| Jul 12 | 09:00 | Industrial Production w.d.a. (YoY) | 2.3% | 2.8% |
Friday Notes - EMU Budgets: Missed Opportunities by HVB Group
After the April slowdown due to unfavorable technical effects, we expect a rebound in May. In line with the scenario depicted by business surveys – holding well above the long-term average – industrial production should show a positive trend in the next few months.
[ Full Story ]Top Market Movers Review
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 12 | 03:00 | BoJ Interest Rate Decision | 0.5% | - | 0.5% |
Bank of Japan votes 8-1 to keep rate at 0.5 pct, rate hike seen imminent UPDATE (Thomson Financial News)
The Bank of Japan kept its overnight call rate target unchanged at 0.5 percent for the sixth straight meeting, but a stray vote by a member of the nine-man board suggested a rate hike may be imminent. The central bank said Atsushi Mizuno voted against the proposal by governor Toshihiko Fukui to leave the overnight call rate at the current level.
[ Full Story ]- Read the Announcement of the Monetary Policy Meeting Decisions at BoJ
- Bank of Japan keeps assessment; says economy sustains modest growth - UPDATE (Thomson Financial News)
- Forex - US dollar gains vs yen after Bank of Japan leaves key rate unchanged (Thomson Financial News)
- Bank of Japan votes 8-1 to keep overnight call rate unchanged (Thomson Financial News)
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 12 | 01:30 | Unemployment Rate | 4.3% | - | 4.2% |
| Jul 12 | 01:30 | Employment Change | 2.5 | - | 39.4K |
Asia Market Update - Soft jobs data fails to dent the AUD by Trade The News
Soft Aussie jobs data confirms solid support for AUD/USD at 0.8600: (AU JUNE EMPLOYMENT CHANGE: 2.5K V 15.0K expected; UNEMPLOYMENT RATE: 4.3% V 4.2% expected, Participation rate: 64.9% v 65.0% expected).
[ Full Story ]- Read the Australia's unemployment rate rises to 4.3% for June 2007 at Australian Bureau of Statistics
- Australia's moderate employment growth in June eases rate hike pressure - HSBC (Thomson Financial News)
- Australia's jobless rate 4.3 pct in June versus 4.2 pct in May (Thomson Financial News)
- DATA SNAP: Australian Jun Unemployment Rate 4.3% (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 12 | 04:00 | KR | Interest Rate Decision | 4.75% | 4.50% | |
| 04:30 | JP | Industrial Production (MoM) (May) | -0.3% | -0.4% | -0.2% | |
| 04:30 | JP | Industrial Production (YoY) (May) | 3.8% | 2.3% | ||
| 06:30 | JP | BoJ Governor Fukui Speaks | ||||
| 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 | ||
| 12:30 | CA | International Merchandise Trade (May) | $5.5B | $5.8B | ||
| 12:30 | US | Trade Balance (May) | -$60.0B | -$58.5B | ||
| 14:30 | CA | Bank of Canada Monetary Policy Report | ||||