Tuesday, Jul 17, 08:23 GMT
EUROPEAN Trading Newsletter
To Get Started
- Website Renewed! All the Forex Market news and research also in Spanish
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- Check out the NEW Flash Charts on the Rates & Charts Section
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jul 17, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, Jul 17, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 17, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Jul 17, 10:00 GMT | What moves currencies? - EUR crosses analysis | Tony Juste | WBN |  |
| Tue, Jul 17, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, Jul 17, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Forex Outlook - USD continues to remain bearish on poor data by Easy Forex
The Euro (EUR) traded near record highs against the USD once again, as outlook on the EZ's currency remains bullish pricing in future rate hikes with Core CPI data for the month of June coming in slightly better than expectations. Overall the EURUSD traded with a range of a low 1.3760 and a high of 1.3804 before closing the day at 1.3783 in the New York session.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Recap of Oversold / Overbought readings at 10:00GMT 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:
US Trading Preview - Cable trades just beneath its 26-year high at 2.0402 by Forexnews.com
Daily Analysis - Dollar slips ahead of Bernanke Testimony by Finotec Group Inc.
Daily Forex Strategy Briefing - Dollar Lower Ahead of Bernanke by CMS Forex
Currencies at a Glance
- EUR/USD
- Moves up toward first resistant level 1.3797
07/17/2007 07:02 GMT - GBP/USD
- Moves up above pivot level 2.0362
07/17/2007 07:03 GMT - USD/CHF
- Moves down below first support 1.2006
07/17/2007 07:03 GMT - USD/JPY
- Trades around pivot level 121.87
07/17/2007 07:03 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 17 | 08:30 | Consumer Price Index (MoM) | 0.2% | 0.3% |
| Jul 17 | 08:30 | Consumer Price Index (YoY) | 2.4% | 2.5% |
Friday Notes - "Suberprimemania" refuses to go away by HVB Group
After a marked decline in May, we expect consumer price inflation to have eased further to 2.3%. The biggest relief should have come from housing costs, while transport prices should have increased substantially – due to higher oil prices. Core inflation is likely to have declined to 1.8% in June.
[ Full Story ]Top Market Movers Review
Japan TERTIARY INDUSTRY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 16 | 23:50 | Tertiary Industry Index (MoM) | -0.1% | 0.2% | 1.7% |
DATA SNAP:Japan METI:May Tertiary Indus Activity -0.1% On Mo (Dow Jones)
Japanese May economic activity fell 0.1% on month, the government said Tuesday, possibly giving ammunition to critics calling on the Bank of Japan to hold off on a rate hike as early as next month. Activity in the tertiary industry fell to a seasonally adjusted 110.2, after increasing a revised 1.6% in April, the Ministry of Economy, Trade and Industry said.
[ Full Story ]- Read the Tertiary Industry Index report at Japan Ministry of Economy, Trade and Industry
- Japan May tertiary index down 0.1 pct from April - UPDATE (Thomson Financial News)
- Japan May tertiary index down 0.1 pct from April, second fall in 5 months (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 16 | 23:50 | JP | Tertiary Industry Index (MoM) (May) | -0.1% | 0.2% | 1.7% |
| Jul 17 | 07:15 | CH | Adjusted Real Retail Sales (YoY) (May) | 3.1% | 4.5% | 3.2% |
| 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% | ||
| 12:30 | US | Producer Price Index (YoY) (Jun) | 3.6% | 4.1% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (MoM) (Jun) | 0.2% | 0.2% | ||