Friday, Jul 27, 07:42 GMT
EUROPEAN Trading Newsletter
To Get Started
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Live Sessions Schedule
SPECIAL EVENT: Live Coverage and trading of the GDP report
Expert: Jerry Furst
Start: Fri, Jul 27, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Trading with Tim Billups
Expert: Tim Billups
Start: Fri, Jul 27, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jul 27, 11:30 GMT | SPECIAL EVENT: Live Coverage and trading of the GDP report | Jerry Furst | WBN | |
| Fri, Jul 27, 16:00 GMT | Trading with Tim Billups  | Tim Billups | WBN | |
| Mon, Jul 30, 10:00 GMT | The Next Big Move in Forex | Sam Seiden | WBN |  |
| Mon, Jul 30, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN | |
Current Session: Europe
GBP/USD
Daily Technical Analysis - GBP: Pulling back steadily from 2.0656 by Mizuho Corporate Bank
Pulling back steadily from 2.0656 and likely to hold below here at least until month-end. The question now is how deep will pullbacks be, noting that the first retracement level is not until 2.0260, which is probably more than recent converts can afford.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- 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
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Currency Majors Technical Analysis - Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves down below pivot level 1.3737
07/27/2007 07:18 GMT - GBP/USD
- Moves down below first support level 2.0422
07/27/2007 07:18 GMT - USD/CHF
- Trades below pivot level 1.2068
07/27/2007 07:18 GMT - USD/JPY
- Back below opening price level 118.69 after hit pivot level 119.31
07/27/2007 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
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Jul 27 | 12:30 | Gross Domestic Product Annualized | 3.2% | 0.7% |
Asia Market Update - USD continues its recovery ahead of Q2 GDP data by Trade The News
The USD continued to strengthen ahead of Q2 GDP data, with some suggesting that the market has been too pessimistic over the USD.
[ Full Story ]- Carlos Leitao, chief economist at Laurentian Bank of Canada: "The U.S. GDP number will get a lot more attention, and perhaps rightly so, but I think the surprise could come from the manufacturing conditions survey, which I suspect is going to be rather pessimistic." - Financial Post
Wakeup Call on Forex Markets - US GDP figures to decide the direction of stocks by Saxo Bank
Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 27 | 06:10 | Gfk Consumer Confidence Survey | 8.7 | 8.6 | 8.5 |
UPDATE: German Aug GfK Consumer Confidence 8.7 Vs July 8.5 (Dow Jones)
German consumer confidence continued to rise in August, market research group GfK said in its monthly survey Friday. GfK's forward-looking consumer climate indicator rose to 8.7 points in August to match analysts' consensus forecast in a Dow Jones Newswires survey.
[ Full Story ]- Read the report: Healthy consumer climate shows stability at GfK
- German GfK Consumer Confidence Index edges up in August (FXstreet.com)
- Germany's GfK sees August consumer climate index at 8.7 vs 8.5 in July (Thomson Financial News)
- Germany Gfk Consumer Confidence Survey improves to 8.7 in Aug from 8.5 in Jul (FXstreet.com)
Friday Notes - Global inflation: Genie out of the bottle? by HVB Group
Japan NATIONAL CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 26 | 23:30 | Tokyo CPI ex Fresh Food (YoY) | -0.1% | -0.1% | -0.1% |
| Jul 26 | 23:30 | Tokyo Consumer Price Index (YoY) | -0.1% | -0.1% | -0.2% |
| Jul 26 | 23:30 | National CPI Ex-Fresh Food (YoY) | -0.1% | -0.1% | -0.1% |
| Jul 26 | 23:30 | National Consumer Price Index (YoY) | -0.2% | -0.2% | 0% |
Overnight Briefing: Far East Timezone - Japanese consumer prices fell 0.1 % by Jyske Bank
Japanese consumer prices fell 0.1% percent in June, a widely expected reading that is unlikely to discourage the Bank of Japan from raising interest rates next month.
[ Full Story ]- Read the Consumer Price Index report at Japan Ministry of Internal Affairs and Communications
- Japan's core CPI falls for 5th straight month in June - UPDATE 2 (Thomson Financial News)
- Japan June CPI shows continued downward trend, unlikely to stop BoJ rate hike (Thomson Financial News)
- TABLE: Japan June CPI, Tokyo July CPI (Dow Jones)
Asia Market Update - JPY gives back some gains by Trade The News
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 26 | 23:30 | JP | National CPI Ex-Fresh Food (YoY) (Jun) | -0.1% | -0.1% | -0.1% |
| 23:30 | JP | Tokyo Consumer Price Index (YoY) (Jul) | -0.1% | -0.1% | -0.2% | |
| 23:30 | JP | Tokyo CPI ex Fresh Food (YoY) (Jul) | -0.1% | -0.1% | -0.1% | |
| Jul 27 | 06:10 | DE | Gfk Consumer Confidence Survey (Aug) | 8.7 | 8.6 | 8.5 |
| 09:30 | CH | KOF Swiss Leading Indicator (Jul) | 2.01 | 1.98 | ||
| 12:30 | US | Core Personal Consumption Expenditure (QoQ) (2Q) | 2.4% | |||
| 12:30 | US | Gross Domestic Product Annualized (2Q) | 3.2% | 0.7% | ||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Jul) | 91.3 | 92.4 | ||
| 16:00 | DE | Consumer Price Index (MoM) (Jul)  | 0.4% | 0.1% | ||
| 16:00 | DE | Consumer Price Index (YoY) (Jul) | 1.8% | 1.8% | ||