Tuesday, Aug 14, 07:33 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Aug 14, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, Aug 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 14, 08:00 GMT | London Open: Live Market Analysis with FX Bootcamp | Wayne McDonell | WBN |  |
| Tue, Aug 14, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Aug 14, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, Aug 14, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
Current Session: Europe
EUR/USD
Daily Analysis − Euro Falls against the Dollar as Investors Lower Expectations for an ECB Rate Hike by Finotec Group Inc.
Sructure for the pair looking heavy with deeper setbacks seen over the coming days. Daily techs reveal a double top that has just triggered Monday with the break below the July 30 low by 1.3608. A medium−term top by 1.3853 now looks to be firmly in place with projected setbacks now seen towards a measured 1.3370.
- Postcards from the Right Edge!: by Rob Booker
- The Signals Tracker: performance of signals providers
- Check out how pairs moved: Live Currency Rates & Charts
- 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 Market Commentary − Calm week of trading by Global Forex Trading Ltd.
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
Currencies at a Glance
- EUR/USD
- Moves down toward first support level 1.3575
08/14/2007 07:22 GMT - GBP/USD
- Trades around yesterday low 2.0083 , below pivot level 2.0154
08/14/2007 07:22 GMT - USD/CHF
- Stays above pivot level 1.2029
08/14/2007 07:22 GMT - USD/JPY
- Trades around first support level 117.77
08/14/2007 07:22 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**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 EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP CHF, Hourly
Top Market Movers Preview
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Aug 14 | 09:00 | Gross Domestic Product s.a. (QoQ) | 0.5% | 0.7% |
| Aug 14 | 09:00 | Gross Domestic Product s.a. (YoY) | 2.8% | 3.1% |
Friday Notes - Fear of a credit crunch intensifies by HVB Group
We expect eurozone GDP growth to have edged a tad down in Q2 2007. Indeed, construction activity, exceptionally strong in the first quarter thanks to unusually favorable weather conditions, has likely been the main contributor to the marginal easing.
[ Full Story ]- OUTLOOK European growth, inflation data to take centre stage (Thomson Financial News)
Top Market Movers Review
Germany GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 14 | 06:00 | Gross Domestic Product w.d.a (YoY) | 2.5% | - | 3.6% |
| Aug 14 | 06:00 | Gross Domestic Product (QoQ) | 0.3% | 0.4% | 0.5% |
German GDP grows below expectations on the 2Q (FXstreet.com)
Economic growth seems to have slowed down in Germany during the second quarter of 2007, compared with the first months of the year, as investment in construction decreased, as the latest report by the German Statistics Office shows. GDP has grown 0.3% from April to June 2007, a figure sharply below the unrevised 0.5% growth posted in the first months of the year.
[ Full Story ]- Read the First release of data on the economic performance in the 2nd quarter of 2007 at Destatis
- German Q2 preliminary GDP growth 0.3 pct vs 0.5 pct in Q1 UPDATE (Thomson Financial News)
- German Q2 preliminary GDP growth 0.3 pct vs 0.5 pct in Q1; consensus 0.5 pct (Thomson Financial News)
- DATA SNAP: German 2Q GDP +0.3% On Qtr; Below Forecasts −2 (Dow Jones)
Japan TERTIARY INDUSTRY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 13 | 23:50 | Tertiary Industry Index (MoM) | 0.1% | -0.2% | -0.1% |
Japan June tertiary index up 0.1 pct from May, third rise in 6 months (Thomson Financial News)
Japan's tertiary index, which measures spending in the services sector, rose 0.1 percent in June from May, the third increase in six months, the Ministry of Economy, Trade and Industry said Tuesday, citing preliminary data. The index stood at 110.3 in June , slightly below February's 110.7, which was the highest level since January 1988. The rise in June followed a revised 0.1 percent fall in May.
[ Full Story ]- Read the Tertiary Industry Index report at Japan Ministry of Economy, Trade and Industry
- Japan Outlook: Tertiary Activity,Revised Machine Tool Orders (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 13 | 23:50 | JP | Tertiary Industry Index (MoM) (Jun) | 0.1% | -0.2% | -0.1% |
| Aug 14 | 00:30 | AU | National Australia Bank's Business Confidence | 15 | 12 | |
| 06:00 | DE | Gross Domestic Product (QoQ) (2Q)  | 0.3% | 0.4% | 0.5% | |
| 06:00 | DE | Gross Domestic Product w.d.a (YoY) | 2.5% | 3.6% | ||
| 08:30 | UK | Consumer Price Index (MoM) (Jul) | -0.2% | 0.2% | ||
| 08:30 | UK | Consumer Price Index (YoY) (Jul) | 2.3% | 2.4% | ||
| 08:30 | UK | Core Consumer Price Index (YoY) (Jul) | 2% | 2% | ||
| 08:30 | UK | Retail Price Index (MoM) (Jul) | -0.1% | 0.5% | ||
| 08:30 | UK | Retail Price Index (YoY) (Jul) | 4.3% | 4.4% | ||
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (2Q) | 0.5% | 0.7% | ||