Wednesday, Jul 18, 08:24 GMT
EUROPEAN Trading Newsletter
To Get Started
- Website Renewed! All the Forex Market news and research also in Spanish
- FXstreet.com International Traders Conference: Come to Barcelona! Enjoy the Special Early Bird Discount
- Check out the NEW Flash Charts on the Rates & Charts Section
- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
- The Advisor Blog: At the Open. EUR and GBP reach Daily Limits
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Live Sessions Schedule
What moves currencies? - GBP crosses watch
Expert: Tony Juste
Start: Wed, Jul 18, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Wed, Jul 18, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 18, 10:00 GMT | What moves currencies? - GBP crosses watch | Tony Juste | WBN | |
| Wed, Jul 18, 11:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
| Wed, Jul 18, 12:00 GMT | US Pre-Market Open | Ed Ponsi | WBN | |
| Wed, Jul 18, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Yesterday's session has been quiet and the Euro ranged between 1.2795 and 1.3755 but things changed a bit during today's Asian session and the Euro rallied against the dollar, setting new record highs at 1.3830. Support is currently seen at 1.3800 backed by 1.3775 and 1.3760.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Price Flash: GBP/JPY hits maximum price extension line (daily chart) @ 250.25, falls back fast 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 - BoE Minutes Today by Jyske Bank
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
Currency Majors Technical Analysis - 1,3828. EUR USD broke 1,3800 resistance by Mataf.net
Currencies at a Glance
- EUR/USD
- Back below second resistant level 1.3820
07/18/2007 07:10 GMT - GBP/USD
- Trades slightly below second resistant level 2.0554
07/18/2007 07:10 GMT - USD/CHF
- Trades below first support level 1.1986
07/18/2007 07:10 GMT - USD/JPY
- Trades below first support level 121.87
07/18/2007 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 BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 18 | 08:30 | Bank of England Minutes | - | - |
Daily Forex Commentary - BoE Minutes Today by Jyske Bank
We do not expect today’s minutes from the latest monetary policy meeting in BoE to reveal anything that will surprise the market and hence we do not expect a further strengthening of GBP versus EUR in the short term.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Is the Bank of England decidedly going to 6%? The minutes of the last meeting should give us a clear indication on that regard, and show what the main issues the Bank is aiming to fight in order to keep economic growth at a solid level. The GBP will be volatile ahead and after the release." - FXstreet.com
Daily Trading Strategy - Do you think Soros is monitoring the GBP/USD? by MVDForex
Top Market Movers Review
Australia WESTPAC LEADING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 18 | 00:30 | Westpac Leading Index (MoM) | 6.1% | - | 0.7% |
Australia's Westpac May leading index up 6.1 pct year-on-year (Thomson Financial News)
The Westpac/Melbourne Institute leading index of economic activity, which indicates the likely pace of economic activity 3-9 months into the future, rose 6.1 pct year-on-year in May, having risen by 6.8 pct over the year to April, Westpac Banking Corp said. It said the growth rate for April was above the long-term trend of 4.4 pct and had slowed from its peak of 7.4 percent in February.
[ Full Story ]- Read the report: Growth in the Leading Index slows down at Westpac
- Australian Leading Economic Index +6.1% In May (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 17 | 17:00 | US | NAHB Housing Market Index (Jul) | 24 | 28 | 28 |
| 23:50 | JP | BoJ Minutes (Jun) | ||||
| Jul 18 | 00:30 | AU | Westpac Leading Index (MoM) (May) | 6.1% | 0.7% | |
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (May) | 3.6% | 3.6% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (May) | 3.6% | 4.0% | ||
| 08:30 | UK | Bank of England Minutes (Jun) | ||||
| 08:30 | UK | Claimant Count Rate (Jun) | 2.7% | 2.7% | ||
| 09:00 | EMU | Trade Balance s.a. (May) | €2.2B | €3.5B | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Jun) | 0.1% | 0.3% | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Jun) | 2.6% | 2.2% | ||