Monday, Aug 06, 07:29 GMT
EUROPEAN Trading Newsletter
To Get Started
- Website Renewed! All the Forex Market news and research also in Spanish
- ECB and BoE meeting Review by FXstreet.com
- Take a look at Postcards from the Right Edge! The new blog by Rob Booker
- Live Coverage of FOMC US Interest Rate Announcement with Jerry Furst
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, Aug 7, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Aug 7, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Tue, Aug 7, 16:00 GMT | Becoming a Professional Trader - II: Developing a Profitable Trading System in 6 Steps | Markus Heitkoetter | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
After reaching new historical top, the Euro stepped back from it, which makes it the first resistance for today at 1.3810, followed by 1.3877 and 1.3916. The support comes from the upwards trend passing by the bottoms 1.3264 and 1.3596, which break at 1.3688 will lead to test of 1.3605, which is a correction of 38.3% of the wave 1.3263 – 1.3814.
- 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 - JPY: Opening at 117.95 and dropping like a stone in the Far East today by Mizuho Corporate Bank
Daily Forex Commentary - A trend reversal in EUR/JPY ahead? by Jyske Bank
Currency Majors Technical Analysis - Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Trades slightly below first resistant level 1.3833
08/06/2007 07:25 GMT - GBP/USD
- Trades above pivot level 2.0399 after hit first resistant level 2.0462
08/06/2007 07:26 GMT - USD/CHF
- Trades around last week low 1.1854
08/06/2007 07:27 GMT - USD/JPY
- Moves down below first support level 117.55 , below last week low 117.57
08/06/2007 05:39 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 INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Aug 6 | 08:30 | Industrial Production (MoM) | 0.1% | 0.6% |
Friday Notes - Weathering the storm by HVB Group
After a strong reading in May, we expect UK industrial production to edge marginally down to 0.3% m-o-m in July, lifting the yearly rate of growth up to 1%. The low m-o-m reading should mainly reflect a weaker performance of the energy sector.
[ Full Story ]- OUTLOOK European industrial output data to continue to point to robust economy (Thomson Financial News)
Top Market Movers Review
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 6 | 05:00 | Leading Economic Index | 80.0 | 80.0 | 40.9 |
Japan Jun Leading Indicators 80.0; Coincident 77.8 (Dow Jones)
Japan's index of leading economic indicators stood at 80.0 in June, above the boom-or-bust threshold of 50 for the first time in eight months, the government said Monday, suggesting the economy may pick up pace in the coming months. The result was matched the expectations of economists surveyed by Dow Jones and Nikkei News. The index was at 40.9 in May and 18.2 in April.
[ Full Story ]- Read the Business Condition report at Japan Cabinet Office
- Japan leading index rises to 80 in June, matches forecast (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 6 | 05:00 | JP | Leading Economic Index (Jun)  | 80.0 | 80.0 | 40.9 |
| 08:30 | UK | Industrial Production (MoM) (Jun) | 0.1% | 0.6% | ||
| 10:00 | DE | Factory Orders (MoM) (Jun) | -0.6% | 3.2% | ||
| 10:00 | DE | Factory Orders (YoY) (Jun) | 10.4% | 7.5% | ||
| Aug 7 | 10:00 | DE | Industrial Production (MoM) (Jun) | 0.5% | 1.9% | |
| 10:00 | DE | Industrial Production (YoY) (Jun) | 5.1% | 4.6% | ||
| 12:30 | US | Productivity Preliminar (2Q) | 2% | 1% | ||
| 18:00 | US | FOMC Policy Announcement | ||||
| 18:15 | US | Fed Interest Rate Decision | 5.25% | |||
| 19:00 | US | Consumer Credit (Jun) | $7.0 | $12.9 | ||