Monday, Jul 23, 09:04 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
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Objective Day Trading Rules for Forex Traders
Expert: Sam Seiden
Start: Mon, Jul 23, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Multiple trades in non-correlated markets
- Efficient profit taking with supply and demand
- Low risk / high reward position management
- Proper analysis to pre-plan your day trading opportunities
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, Jul 24, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 23, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN |  |
| Mon, Jul 23, 12:00 GMT | Objective Day Trading Rules for Forex Traders | Sam Seiden | WBN | |
| Mon, Jul 23, 13:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
| Mon, Jul 23, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
USD/JPY
Daily Technical Analysis - EUR: Another very strong weekly close and a new record high (1.3846) by Mizuho Corporate Bank
Extraordinary price action at the Tokyo opening with a massive short squeeze up to a high at 122.22 at which point it was comprehensively slapped down. This adds weight to resistance between here and 122.2 that capped all last week.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Trade Alert (m/t): EUR/JPY 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:
Today's Technical Trading Points by Danske Bank A/S
Daily Forex Commentary - Another quiet day ahead by Jyske Bank
Daily Forex Technical Report - Yen Mildly Firmer after Roller-Coaster Start by ActionForex.com
Currencies at a Glance
- EUR/USD
- Moves down toward pivot level 1.3816
07/23/2007 07:36 GMT - GBP/USD
- Trades below first resistant level 2.0603
07/23/2007 07:37 GMT - USD/CHF
- Stays below opening price level 1.2011
07/23/2007 07:37 GMT - USD/JPY
- Trades around last week low 120.86
07/23/2007 07:38 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 PMI MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 24 | 08:00 | PMI Manufacturing Index | 55.6 | 55.6 |
The Word of Majors - EUR: Prices keep inching their way higher but the uptrend is clearly slowing by FXstreet.com
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The manufacturing sector is one of the most sensible to economic fluctuations, and can be a leading indicator to show if certain policies are inadequate and could trigger a slowdown for the economy. Though last reading was relatively high, anything below 54 should be considered as a red flag to the current monetary policy in the region." - FXstreet.com
Top Market Movers Review
Australia PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 23 | 01:30 | Producer Price Index (QoQ) | 1.0% | 0.8% | 0% |
Australian 2Q Final PPI Rises 1.0% Vs 1Q (Dow Jones)
An index of final Australian producer prices rose 1.0% in the second quarter of 2007 from the first quarter and rose 2.3% from a year earlier, the Australian Bureau of Statistics said Monday.
[ Full Story ]- Read the Producer Price Indexes, Australia at Australian Bureau of Statistics
- OUTLOOK - Australia Q2 annual core CPI likely tame, may allow RBA to hold rates (Thomson Financial News)
- Australian Q2 producer price inflation 1.0 percent quarter-on-quarter (Thomson Financial News)
- Australian 2Q Final PPI +1.0% Vs 1Q, +2.3% On Yr (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 23 | 01:30 | AU | Producer Price Index (QoQ) | 1.0% | 0.8% | 0% |
| Jul 24 | 06:00 | DE | Import Price Index (MoM) (Jun) | 0.3% | 0.3% | |
| 06:00 | DE | Import Price Index (YoY) (Jun) | 1.1% | 0.6% | ||
| 07:30 | JP | BoJ's Governor Fukui Speaks | ||||
| 08:00 | EMU | PMI Manufacturing Index (Jul) | 55.6 | 55.6 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Jul) | 58.0 | 58.3 | ||
| 14:00 | US | Richmond Fed Manufacturing Index (Jul) | 4 | 4 | ||
| Jul 25 | 14:00 | US | Existing Home Sales (Jun) | 5.88M | 5.99M | |
| 18:00 | US | Fed's Beige Book | ||||
| Jul 26 | 12:30 | US | Durable Goods Orders (Jun) | 1.7% | -2.8% | |