Friday, Aug 17, 07:55 GMT
EUROPEAN Trading Newsletter
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- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
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Live Sessions Schedule
The Contest Webinar
Expert: Raghee Horner
Start: Fri, Aug 17, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Asia−Pacific trading Webinar
Expert: Abdul Khan
Start: Fri, Aug 17, 12:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 17, 11:00 GMT | The Contest Webinar  | Raghee Horner | WBN | |
| Fri, Aug 17, 12:00 GMT | Asia−Pacific trading Webinar | Abdul Khan | WBN | |
| Fri, Aug 17, 15:00 GMT | Specific technical indicators and tools for tracking accurancy in FX trading | Don Wilcox | WBN | |
| Fri, Aug 17, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN |  |
Current Session: Europe
EUR/USD
Currency Majors Technical Analysis − 1,3424. EUR USD is in an downtrend by Mataf.net
1,3424. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration.
- Raghee Horner explains how to set up the Wave on your charts
- 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:
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Continues to trade around pivot level 1.3411
08/17/2007 07:00 GMT - GBP/USD
- Continues to move down below second supprot level 1.9709
08/17/2007 07:00 GMT - USD/CHF
- Move down below second support level 1.2087
08/17/2007 07:00 GMT - USD/JPY
- Moves up above 112.35 after bounced at yesterday low 1120.00
08/17/2007 07:00 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
GBP JPY, Hourly
USD CAD, Hourly
Top Market Movers Preview
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 17 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 88.2 | 90.4 |
Friday Notes - Fear of a credit crunch intensifies by HVB Group
It will surprise no one if the first round of polling for the U of Michigan survey exposes a big drop in consumer sentiment. That is already the message of the daily Rasmussen consumer index, a relatively new but useful barometer of confidence. The reason is obvious: the turbulent stock market. Steadier gasoline prices probably kept the U of Michigan index from plunging all the way to June's depressed level, however.
[ Full Story ]Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 17 | 06:00 | Producer Price Index (MoM) | -0.1% | 0.3% | 0.2% |
| Aug 17 | 06:00 | Producer Price Index (YoY) | 1.1% | 1.4% | 1.7% |
German PPI, lower than expected in July (FXstreet.com)
Prices at producer level have risen lower than expected in July, due to a decrease in energy prices, according to the monthly report released by the German Statistics Office.
[ Full Story ]- Read the German PPI report at Destatis
- German July PPI down 0.1 pct from June, up 1.1 pct year−on year (Thomson Financial News)
- DATA SNAP: German July PPI −0.1% On Month, +1.1% On Year (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 16 | 16:00 | US | Philadelphia Fed Manufacturing Survey (Aug) | 0 | 8.5 | 9.2 |
| Aug 17 | 05:00 | JP | Leading Economic Index (Jun) | 72.7 | 40.9 | |
| 06:00 | DE | Producer Price Index (MoM) (Jul) | -0.1% | 0.3% | 0.2% | |
| 06:00 | DE | Producer Price Index (YoY) (Jul) | 1.1% | 1.4% | 1.7% | |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Aug)  | 88.2 | 90.4 | ||
| Aug 20 | 08:30 | UK | M4 Money Supply (MoM) | 0.7% | ||
| 08:30 | UK | Public Sector Net Borrowing | 7.4 | |||
| Aug 21 | 07:15 | CH | Trade Balance | 1.72B | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) | 0% | |||
| 11:00 | CA | Consumer Price Index (MoM) | -0.2% | |||