Friday, Aug 03, 07:25 GMT
EUROPEAN Trading Newsletter
To Get Started
- SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 15th Edition with Wayne McDonell
- Website Renewed! All the Forex Market news and research also in Spanish
- Take a look at Postcards from the Right Edge! The new blog by Rob Booker
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Live Sessions Schedule
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 15th Edition
Expert: Wayne McDonell
Start: Fri, Aug 3, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Mon, Aug 6, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 3, 12:00 GMT | SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 15th Edition | Wayne McDonell | WBN | |
| Mon, Aug 6, 13:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
| Tue, Aug 7, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, Aug 7, 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
Technical Summary for Majors - Technical Summary for Majors by Windsor Brokers Ltd
Supporting Wednesday's potential higher low at 1.3638 to undergo current non trending mode below 1.3728, 31 Jul high, approx 50% of 1.3853/ 1.3609 fall. Immediate focus is set at the latter while falling 10 day MA may weigh before next minor downleg within a suspected bear pennant.
- 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:
Daily Technical Analysis - GBP: Rather like the Euro, consolidating above 2.0150, a fairly pivotal level by Mizuho Corporate Bank
Daily Forex Commentary - Jittery nerves persist by Jyske Bank
Forex Technical Analysis - EUR/USD:(1.3706) Correction from 1.3853 met 38.2% Retrace of rise from 1.3264 (1.3628) by KBC Bank
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level 1.3702 , above pivot level 1.3686
08/03/2007 07:07 GMT - GBP/USD
- Stays above pivot level 2.0343
08/03/2007 07:08 GMT - USD/CHF
- Moves up above pivot level 1.2050
08/03/2007 07:09 GMT - USD/JPY
- Continues to trade around opening price level 119.22 , above pivot level 118.97
08/03/2007 07:10 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 PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 3 | 08:30 | Purchasing Manager Index Services | 57.4 | 57.7 |
Friday Notes - Oil prices – the primary trend is up by HVB Group
After a marked (and unexpected) rise in June, we see the services PMI slowing down to 57.2 in July (from the previous 57.7). This would be a level still above the longterm average, signaling that, despite some moderation, the level of activity within the services sector still remains solid. We also expect the output price component to edge moderately down, after a strong rise in June.
[ Full Story ]Top Market Movers Review
Switzerland CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 3 | 05:45 | Consumer Price Index (MoM) | -0.6% | -0.6% | 0.1% |
| Aug 3 | 05:45 | Consumer Price Index (YoY) | 0.7% | 0.7% | 0.6% |
Swiss July CPI drops 0.6 pct vs June, up 0.7 pct year-on-year (Thomson Financial News)
Swiss consumer price index in July dropped 0.6 pct from June with consumer prices rising 0.7 pct year-on-year, the Swiss Federal Statistics Office said. Economists polled by Thomson Financial News had forecasts a yearly price hike of 0.3 - 0.8 pct.
[ Full Story ]- Swiss Federal Statistics Office homepage
- Swiss inflation decreases on the month in July (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 3 | 05:45 | CH | Consumer Price Index (MoM) (Jul) | -0.6% | -0.6% | 0.1% |
| 05:45 | CH | Consumer Price Index (YoY) (Jul) | 0.7% | 0.7% | 0.6% | |
| 07:55 | DE | Purchasing Manager Index Services (Jul) | 58.5 | 58.9 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Jul) | 58.1 | 58.1 | ||
| 08:30 | UK | Purchasing Manager Index Services (Jul) | 57.4 | 57.7 | ||
| 09:00 | EMU | Retail Sales (MoM) (Jun) | 0.8% | -0.5% | ||
| 09:00 | EMU | Retail Sales (YoY) (Jun) | 1.4% | 4.0% | ||
| 12:30 | US | Average Hourly Earnings (MoM) (Jul) | 0.3% | 0.3% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Jul) | 3.9% | |||
| 12:30 | US | Average Weekly Hours (Jul) | 33.9 | 33.9 | ||