Tuesday, Aug 07, 07:48 GMT
EUROPEAN Trading Newsletter
To Get Started
- Website Renewed! All the Forex Market news and research also in Spanish
- Fed Meeting Preview 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 | ||||
| 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 |  |
| Tue, Aug 7, 17:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN |  |
Current Session: Europe
EUR/USD
Weekly Forex Outlook - Credit market jitters continue to move currencies by Easy Forex
Euro 1.3810:
Initial support at 1.3683 (Aug 3 low) followed by 1.3637 (Aug 1 low). Initial resistance is now located at 1.3853 (Jul 24 trend high) followed by 1.3941 (This week's open + (last week's range * 0.618)
- 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 - EUR: Consolidating below the all-time high at 1.3853 yet giving up very little room by Mizuho Corporate Bank
Weekly Update - America’s currency experienced a precipitous decline last week by Union Bank of California
Daily Forex Commentary - Swedish Inflation Data due Today by Jyske Bank
Currencies at a Glance
- EUR/USD
- Continues to trade around pivot level 1.3804
08/07/2007 07:15 GMT - GBP/USD
- Moves down below opening price level 2.0313 , below pivot level 2.0351
08/07/2007 07:16 GMT - USD/CHF
- Stays above pivot level 1.1884
08/07/2007 07:17 GMT - USD/JPY
- Trades around opening price level 118.86 , above pivot level 118.38
08/07/2007 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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Aug 7 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 5.1% | 4.6% |
| Aug 7 | 10:00 | Industrial Production s.a. (MoM) | 0.5% | 1.9% |
Friday Notes - Weathering the storm by HVB Group
The UniCredit-Reuters tool points to a 0.7% decline m-om in industrial production. After the volatile preceding months, which were influenced – in some cases strongly – by problems with the seasonal and calendar adjustment, the annualized rate is settling at roughly 4%. The still high order cushion argues against a further cooling of the production dynamic in the coming months.
[ Full Story ]Top Market Movers Review
UK GDP ESTIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 6 | 23:00 | GDP Estimate | 0.8% | - | 0.7% |
UK GDP grew by 0.8 pct in 3 months to July - NIESR (Thomson Financial News)
A leading think tank estimates that the UK economy expanded by 0.8 pct in the three months to July. This continues the above-trend growth of the late Spring," said the National Institute of Economic and Social Research.
[ Full Story ]- UK Economy Grew 0.8% In 3 Months To July - NIESR (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 6 | 23:00 | UK | GDP Estimate (Jul) | 0.8% | 0.7% | |
| Aug 7 | 03:00 | NZ | ANZ Commodity Price (Jul) | 4.7% | 6.1% | |
| 10:00 | DE | Industrial Production s.a. (MoM) (Jun) | 0.5% | 1.9% | ||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jun) | 5.1% | 4.6% | ||
| 12:30 | US | Nonfarm Productivity (2Q) | 2.1% | 1.0% | ||
| 12:30 | US | Productivity Preliminar (2Q) | 2% | 1% | ||
| 12:30 | US | Unit Labor Costs (2Q) | 1.7% | 1.8% | ||
| 18:15 | US | Fed Interest Rate Decision | 5.25% | 5.25% | ||
| 19:00 | US | Consumer Credit (Jun) | $7.0 | $12.9 | ||
| 23:30 | AU | RBA Cash Target (Aug) | 6.50% | 6.25% | ||