Thursday, Jul 19, 07:34 GMT
EUROPEAN Trading Newsletter
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- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
- The Advisor Blog: Economic Data in Focus
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Live Sessions Schedule
What moves currencies?
Expert: Tony Juste
Start: Thu, Jul 19, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Relative Strength
Expert: S. Wade Hansen
Start: Thu, Jul 19, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 19, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Thu, Jul 19, 11:00 GMT | Relative Strength  | S. Wade Hansen | WBN | |
| Thu, Jul 19, 12:00 GMT | US Pre-Market Open | Ed Ponsi | WBN | |
| Thu, Jul 19, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
The Euro lost some ground on yesterday versus the dollar but soon recovered as the 1.3760 support held, like it used to do during the last 5 days. Support is currently seen at 1.3785 backed by 1.3760 and 1.3730. Resistance starts at 1.3800 and it is followed by 1.3815 and 1.3830.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Follow up the latest market movers with Tony Juste's technical comments
- 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 Technical Analysis - GBP: Expect more consolidation under 2.0550 today by Mizuho Corporate Bank
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
Currency Majors Technical Analysis - Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.3796
07/19/2007 07:21 GMT - GBP/USD
- Continues to trade around opening price level 2.0529 , above pivot level 2.0511
07/19/2007 07:21 GMT - USD/CHF
- Continues to trade around pivot level 1.2005
07/19/2007 07:22 GMT - USD/JPY
- Trades below pivot level 121.95
07/19/2007 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
UK RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 19 | 08:30 | Retail Sales (MoM) | 0.3% | 0.4% |
| Jul 19 | 08:30 | Retail Sales (YoY) | 3.5% | 3.9% |
Friday Notes - "Suberprimemania" refuses to go away by HVB Group
We expect retail sales to have expanded at a healthy 0.4% m-o-m in June, the same pace as in May. This would leave the 3M rate of change at around 1.2%. This is consistent, according to our model, with a nice acceleration in private spending in Q2 2007.
[ Full Story ]Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 19 | 06:00 | Producer Price Index (MoM) | 0.2% | 0.3% | 0.3% |
| Jul 19 | 06:00 | Producer Price Index (YoY) | 1.7% | 1.8% | 1.9% |
German PPI posts a moderate increase in June (FXstreet.com)
Producer prices have risen mildly in Germany during the month of June, in line with the market expectations on the month, and less than expected on the year, according to the German statistics office, Destatis. Prices at factory level have risen 0.2% from May to June, and 1.7% since June 2006.
[ Full Story ]- Read the Producer prices June 2007: +1.7% on June 2006 at German Statistics
- CORRECTION German June PPI up 0.2 pct from May, up 1.7 pct year-on-year (Thomson Financial News)
- German June PPI up 0.2 pct from May, up 1.8 pct year-on-year (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 19 | 06:00 | DE | Producer Price Index (MoM) (Jun) | 0.2% | 0.3% | 0.3% |
| 06:00 | DE | Producer Price Index (YoY) (Jun) | 1.7% | 1.8% | 1.9% | |
| 06:15 | CH | Trade Balance (Jun) | 1.72B | 1.15B | 1.04B | |
| 08:30 | UK | M4 Money Supply (MoM) (Jun)  | 1.1% | 1.2% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Jun) | 13.4% | 13.9% | ||
| 08:30 | UK | M4 Sterling Lending (Jun) | 18.9B | 23.3B | ||
| 08:30 | UK | Retail Sales (MoM) (Jun) | 0.3% | 0.4% | ||
| 08:30 | UK | Retail Sales (YoY) (Jun) | 3.5% | 3.9% | ||
| 12:30 | CA | International Securities Transactions (May) | $2.000B | $1.543B | ||
| 13:30 | US | Fed's Bernanke Testifies | ||||