Monday, Aug 13, 07:45 GMT
EUROPEAN Trading Newsletter
To Get Started
- Website Renewed! All the Forex Market news and research also in Spanish
- Fed Meeting Review by FXstreet.com
- Take a look at Postcards from the Right Edge! The new blog by Rob Booker
- FXstreet.com 1st International Traders Conference − Come and meet our renowned Speakers
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Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Aug 13, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 13, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 13, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Aug 13, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Aug 13, 13:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Mon, Aug 13, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Technical Summary for Majors − Minor higher low at 1.3640 by Windsor Brokers Ltd
Minor higher low at 1.3640, 01 August, following an apparent 3 legged swings from 1.3840, 06 August. A lower swing high is sought below 1.3736/55 before a potential final thrust towards key 1.3609, 30 Jul low. Reclaiming 1.3750/55 however firms while revealing a potential triangle/flat unfolding since the pullback from 1.3853. Below 1.3609 highlights a double top instead.
- 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:
Weekly Forex Column − Market Directions by FX Solutions
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Moves down toward first support level 1.3655
08/13/2007 07:22 GMT - GBP/USD
- Moves down toward first support level 2.0166
08/13/2007 07:23 GMT - USD/CHF
- Moves up toward first resistant level 1.2024
08/13/2007 07:24 GMT - USD/JPY
- Trades around pivot level 118.11
08/13/2007 07:24 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 13 | 12:30 | Retail Sales ex Autos (MoM) | - | 1.3% |
| Aug 13 | 12:30 | Retail Sales (MoM) | - | -0.9% |
Morning Report - USD eases on cautious bearish sentiment by Westpac Institutional Bank
Another decent gain, which along with a 0.3% rise in factory stocks and a likely rise in retail inventories (some of which may be involuntary given June's weak sales) should see a strong enough gain in business stocks to prompt an upward revision to the inventories' contribution to Q2 GDP growth.
[ Full Story ]Top Market Movers Review
Japan GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 12 | 23:50 | Gross Domestic Product (QoQ) | 0.1% | 0.2% | 0.8% |
DATA SNAP: Japan April−June GDP Worse Than Expected (Dow Jones)
Japan's economy lost steam in the April−June period, growing at its slowest pace in three quarters as exports and consumption decelerated, the government said Monday. The country's gross domestic product, or the total output of goods and services, grew a price−adjusted 0.1% from the previous quarter, or an annualized 0.5%, in the three months through June, according to preliminary data released by the Cabinet Office.
[ Full Story ]- Read the Gross Domestic Product report at Japan Cabinet Office
- Japan Q2 GDP up 0.1 pct, annualized growth 0.5 pct; below forecast (Thomson Financial News)
- Japan Q2 GDP components quarter−on−quarter percentage changes (Thomson Financial News)
- Japan Outlook: GDP For April−June; June Current Account (Dow Jones)
US IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 10 | 12:30 | Import Price Index (YoY) | 2.8% | 2.5% | 2.3% |
| Aug 10 | 12:30 | Import Price Index (MoM) | 1.5% | 0.6% | 0.9% |
Energy pushes U.S. import prices higher than expected in July (FXstreet.com)
Prices of imported products have risen in July on the back of increasing energy prices, as well as of products from china, which completes a period of five consecutive months posting increases in prices of products from abroad.
[ Full Story ]- Read the Import/Export Price Indexes at Labor Department
- US July import prices rise 1.5 pct vs 1.0 pct expected, ex−petro up 0.2 pct (Thomson Financial News)
- US Import Prices Soar On Energy Prices; Record China Rise (Dow Jones)
- US Jun Import Price Index rises to 1.5% (FXstreet.com)
Daily Market Report - Foreign exchange markets are not going to care much about today's import price index by Wachovia
US economic indicators - Productivity probably rose more strongly in Q2 by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 12 | 23:50 | JP | Gross Domestic Product (QoQ) (2Q)  | 0.1% | 0.2% | 0.8% |
| Aug 13 | 08:30 | UK | Producer Price Index − Output (MoM) (Jul) | 0.3% | 0.2% | |
| 08:30 | UK | Producer Price Index − Output (YoY) (Jul) | 2.4% | 2.4% | ||
| 12:30 | US | Advance Retail Sales (Jul) | 0.2% | -0.9% | ||
| 12:30 | US | Retail Sales (MoM) (Jul) | -0.9% | |||
| 12:30 | US | Retail Sales ex Autos (MoM) (Jul) | 1.3% | |||
| 14:00 | US | Business Inventories (Jun) | 0.4% | 0.5% | ||
| 14:30 | UK | Leading Indicator Index (Jun) | 0.1% | |||
| Aug 14 | 06:00 | DE | Gross Domestic Product (QoQ) (2Q) | 0.5% | ||
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (2Q) | 0.7% | |||