Tuesday, Jul 24, 07:18 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jul 24, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, Jul 24, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 24, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Jul 24, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, Jul 24, 13:00 GMT | Raghee Horner's Four Step Trading: Forex  | Raghee Horner | WBN |  |
| Tue, Jul 24, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
The dollar recover a bit on yesterday versus the Euro and the pair closed in the 1.3800 area. Support is now formed at 1.3815 followed by 1.3800 and 1.3775. Resistance emerges at 1.3830 followed by 1.3845 and 1.3900. Daily momentum is bullish and the hourly studies are slightly bullish too.high of 0.8843 before closing the day at 0.8797 in the New York session.
- 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:
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
- Trades above pivot level 1.3815
07/24/2007 07:02 GMT - GBP/USD
- Trades around second resistant level 2.0645
07/24/2007 07:03 GMT - USD/CHF
- Continues to trade around pivot level 1.2040
07/24/2007 07:04 GMT - USD/JPY
- Trades around first support level 120.59
07/24/2007 07:04 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 | 55.5 | 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
Germany IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 24 | 06:00 | Import Price Index (YoY) | 1.3% | 1.1% | 0.6% |
| Jul 24 | 06:00 | Import Price Index (MoM) | 0.6% | 0.3% | 0.3% |
German June import prices jump 0.6 pct from May, well above forecasts (Thomson Financial News)
German import prices rose by 0.6 pct in June from May, well above forecasts for a much more moderate 0.3 pct rise, figures from the Federal Statistics Office showed. The rise on the month was driven by increases in energy prices, with a 6.7 pct rise in the price of crude oil more than offsetting a 0.4 pct fall in natural gas prices, the statistics office said.
[ Full Story ]- Read the Import prices in June 2007: +1.3% on June 2006 at German Statistics
- German June import prices jump 0.6 pct from May, well above forecasts UPDATE (Thomson Financial News)
- German import prices increase on energy costs (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 24 | 06:00 | DE | Import Price Index (MoM) (Jun) | 0.6% | 0.3% | 0.3% |
| 06:00 | DE | Import Price Index (YoY) (Jun) | 1.3% | 1.1% | 0.6% | |
| 07:30 | JP | BoJ's Governor Fukui Speaks | ||||
| 08:00 | EMU | PMI Manufacturing Index (Jul) | 55.5 | 55.6 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Jul) | 58.0 | 58.3 | ||
| 12:30 | CA | Retail Sales (MoM) (May) | 0.4% | 0.4% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (May) | 0.5% | 0% | ||
| 14:00 | US | Richmond Fed Manufacturing Index (Jul) | 5 | 4 | ||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Jun) | ¥846.0B | ¥788.5B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Jun) | ¥955.0B | ¥385.1 | ||