Friday, Jul 20, 07:38 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. Thank you very much
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Live Sessions Schedule
What moves currencies? - Last session of the season
Expert: Tony Juste
Start: Fri, Jul 20, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
The Contest Webinar
Expert: Raghee Horner
Start: Fri, Jul 20, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jul 20, 10:00 GMT | What moves currencies? - Last session of the season | Tony Juste | WBN | |
| Fri, Jul 20, 11:00 GMT | The Contest Webinar  | Raghee Horner | WBN | |
| Fri, Jul 20, 12:00 GMT | US Pre-Market Open | Ed Ponsi | WBN | |
| Fri, Jul 20, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
GBP/USD
Daily Technical Analysis - GBP: Still overbought as we consolidate under 2.0550, yet giving up very little room to the downside by Mizuho Corporate Bank
Still overbought as we consolidate under 2.0550, yet giving up very little room to the downside. Expect more of the same today and we shall continue to allow for a dip below Wednesday's low at 2.0460 for a drop to 2.0400.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Price Flash: EUR/JPY joins the group of 'technical analysis dissenters' 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 - A quiet day ahead of the weekend by Jyske Bank
Forex Technical Analysis - EUR/USD:(1.3794) New high on move above Double Bottom off 1.3555 by KBC Bank
Today's Technical Trading Points - Today's Technical Trading Points by Danske Bank A/S
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.3806
07/20/2007 07:08 GMT - GBP/USD
- Trades around pivot level 2.0499
07/20/2007 07:13 GMT - USD/CHF
- Continues to trade around opening price level 1.2032 , above pivot level 1.2023
07/20/2007 07:17 GMT - USD/JPY
- Continues to move up above first resistant level 122.21
07/20/2007 07:18 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 GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Cons. | Previous | |
| Jul 20 | 08:30 | Gross Domestic Product (QoQ) | 0.7% | 0.7% |
| Jul 20 | 08:30 | Gross Domestic Product (YoY) | 2.9% | 3.0% |
Friday Notes - "Suberprimemania" refuses to go away by HVB Group
We expect real GDP to have grown by a robust 0.7% q-o-q, the same pace as in Q1 2007. The supply side breakdown is likely to show a nice acceleration in industrial production and solid, although declining, growth of the services sector.
[ Full Story ]Top Market Movers Review
US FOMC MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 19 | 18:00 | FOMC Minutes | - | - | - |
FOMC Minutes June 27th/28th Meeting by BBVA Bancomer
According to the FOMC minutes, “Risks to growth were more balanced than at the time of the May meeting.†The balance primarily stems from the improvement in business spending data that was available between the May and June meeting.
[ Full Story ]- Read the Minutes of the Federal Open Market Committee at the Fed
- Fed still worried about inflation (Thomson Financial News)
- THE FED: Some On FOMC Worried About Inflation Expectations: Minutes (Dow Jones)
- US FOMC saw 'more balanced' risks to growth in June, 'noisy' inflation data (Thomson Financial News)
Daily Global Commentary - Minutes of June FOMC Meeting – Fed Reluctant to Budge by Northern Trust
Daily Forex Technical Report - Dollar in Tight Range ahead of Bernanke Testimony II & FOMC Minutes by ActionForex.com
US PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 19 | 16:00 | Philadelphia Fed Manufacturing Survey | 9.2 | 14.0 | 18.0 |
UPDATE: Philadelphia Mfg Activity Falls More Than Forecast (Dow Jones)
Mid-Atlantic area manufacturers saw a sharper than expected decline in activity in July, with general activity, new orders and employment all falling back. A report from the Federal Reserve Bank of Philadelphia Thursday said the bank's business conditions index fell to a 9.2 reading in July.
[ Full Story ]- Read the Business Outlook Survey at Philadelphia Fed
- CORRECT: Philadelphia Business Index Consensus Was 11.8 (Dow Jones)
- DATA SNAP: Philadelphia Mfg Activity Softens In July (Dow Jones)
- Philadelphia Fed July index 9.2 vs 12.0 expected (Thomson Financial News)
Daily Market Commentary - The dollar slipped briefly on news that the Philly Fed's business activity index by Global Forex Trading Ltd.
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 20 | 01:30 | AU | Export Price Index (QoQ) (2Q) | 0.3% | 0% | |
| 01:30 | AU | Import Price Index (QoQ) (2Q) | 0.1% | -1.7% | ||
| 07:15 | CH | Producer and Import Prices (MoM) (Jun) | 0.1% | 0.3% | 0.9% | |
| 07:15 | CH | Producer and Import Prices (YoY) (Jun) | 2.8% | 3.2% | 2.8% | |
| 08:30 | UK | Gross Domestic Product (QoQ) (2Q) | 0.7% | 0.7% | ||
| 08:30 | UK | Gross Domestic Product (YoY) (2Q) | 2.9% | 3.0% | ||