Monday, Jul 16, 07:37 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What moves currencies? - Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Jul 16, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Using Fibonacci levels to project price targets and timing
Expert: John Jagerson
Start: Mon, Jul 16, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Mon, Jul 16, 10:00 GMT | What moves currencies? - Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Jul 16, 11:00 GMT | Using Fibonacci levels to project price targets and timing | John Jagerson | WBN | |
| Mon, Jul 16, 13:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
| Mon, Jul 16, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
After reaching new historical top, the Euro stepped back from it, which makes it the first resistance for today at 1.3812, followed by 1.3879 and 1.3918. The support comes from the upwards trend passing by the bottoms 1.3264 and 1.3596, which break at 1.3687 will lead to test of 1.3604, which is a correction of 38.3% of the wave 1.3263 – 1.3814.
- 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 Forex Commentary - The Carry Trade Continues… by Jyske Bank
Daily Technical Analysis - JPY:Looking slightly top-heavy with a ‘bearish engulfing’ candle on the weekly chart by Mizuho Corporate Bank
Daily Forex Technical Report - Dollar Quietly in Range, Kiwi and Aussie Surges by ActionForex.com
Currencies at a Glance
- EUR/USD
- Stays below pivot level 1.3786
07/16/2007 07:00 GMT - GBP/USD
- Back around opening price level 2.0335 , above pivot level 2.0323
07/16/2007 07:01 GMT - USD/CHF
- Trades around opening price level 1.2017 , below pivot level 1.2021
07/16/2007 07:01 GMT - USD/JPY
- Trades below opening price level 121.96 , below pivot level 122.14
07/16/2007 07:02 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 16 | 09:00 | Consumer Price Index (MoM) | 0.1% | 0.2% |
| Jul 16 | 09:00 | Consumer Price Index (YoY) | 1.9% | 1.9% |
Friday Notes - "Suberprimemania" refuses to go away by HVB Group
For June, we expect headline inflation to be confirmed at 1.9% (in line with the flash estimate), thus being unchanged from the month before. Core inflation should also have held steady at 1.9%. But in July and August, the headline rate is set to accelerate significantly due to rising oil & energy prices until the end of Q3.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 16 | 06:00 | Consumer Price Index (YoY) | 1.8% | 1.8% | 1.8% |
| Jul 16 | 06:00 | Consumer Price Index (MoM) | 0.1% | - | 0.1% |
German inflation increases 0.1% in June and 1.8% on the year (FXstreet.com)
Consumer Prices Index has risen in Germany in June according to the preliminary estimation, 0.1% from May, and 1.8% from June last year, as the latest report from Destatis shows. By products, seasonal vegetables moderated their prices, helping to keep CPI lower, while energy costs rose 2.2% on the year, pushed by a 6.2% rise on power prices.
[ Full Story ]- Read the Consumer prices in June 2007: +1.8% on June 2006 at Federal Statistics
- German June final CPI up 0.1 pct vs May; up 1.8 pct yr-on-yr (Thomson Financial News)
- DATA SNAP: German Final June CPI +0.1% MM, +1.8% On Yr -2- (Dow Jones)
- German Final June CPI +0.1% On Month; +1.8% On Year (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 16 | 06:00 | DE | Consumer Price Index (MoM) (Jun) | 0.1% | 0.1% | |
| 06:00 | DE | Consumer Price Index (YoY) (Jun) | 1.8% | 1.8% | 1.8% | |
| 09:00 | EMU | Consumer Price Index (MoM) | 0.1% | 0.2% | ||
| 09:00 | EMU | Consumer Price Index (YoY) | 1.9% | 1.9% | ||
| Jul 17 | 08:30 | UK | Consumer Price Index (MoM) (Jun) | 0.2% | 0.3% | |
| 08:30 | UK | Consumer Price Index (YoY) (Jun) | 2.4% | 2.5% | ||
| 08:30 | UK | Retail Price Index (MoM) (Jun) | 0.3% | 0.4% | ||
| 08:30 | UK | Retail Price Index (YoY) (Jun) | 4.2% | 4.3% | ||
| 09:00 | DE | ZEW Survey - Economic Sentiment (Jul) | 19.7 | 20.3 | ||
| 12:30 | US | Producer Price Index (MoM) (Jun) | 0.1% | 0.2% | ||