Monday, Aug 20, 08:28 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
Asia−Pacific trading Webinar
Expert: Abdul Khan
Start: Mon, Aug 20, 08:30 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies?
Expert: Tony Juste
Start: Mon, Aug 20, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 20, 08:30 GMT | Asia−Pacific trading Webinar  | Abdul Khan | WBN | |
| Mon, Aug 20, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Mon, Aug 20, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Aug 20, 13:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
Current Session: Europe
USD/JPY
Daily Market Outlook by AceTrader
Dollar rebounds versus the Japanese yen as Fed cuts discount rate by 50 points to 5.75%. The greenback rebounded against the Japanese yen from a 14−month low of 111.60 to 114.92 after the Federal Reserve cut its discount lending rate (the interest rate it charges on loans to banks) by 50 basis points to 5.75% due to the downside risks to growth have increased ‘appreciably'.
- 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 Forex Commentary − FED came to the Rescue by Jyske Bank
Wakeup Call on Forex Markets − USD only Marginally lower after Cut in Discount Rate by Saxo Bank
Currencies at a Glance
- EUR/USD
- Moves up above opening price level 1.3481 , above pivot level 1.3464
08/20/2007 07:14 GMT - GBP/USD
- Back above pivot level 1.9800
08/20/2007 07:15 GMT - USD/CHF
- Stays below pivot level 1.2084
08/20/2007 07:16 GMT - USD/JPY
- Moves up above opening price level 114.35 , above pivot level 113.62
08/20/2007 07:16 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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 20 | 14:00 | Leading Indicators (MoM) | - | -0.3% |
Friday Notes - Rising risk aversion triggers growth fears by HVB Group
The Index of Leading Indicators should have rebounded strongly in July after the drop in June. Biggest positive contributions are expected to come from consumer confidence (hit a 6−year high in July), vendor delivery performance and lower initial jobless claims. Negative factors were weak housing permits and the slight reduction in yield spreads. As usual, data on new orders and M2 are not available in advance.
[ Full Story ]Top Market Movers Review
Switzerland PRODUCER AND IMPORT PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 20 | 07:15 | Producer and Import Prices (MoM) | 0.1% | 0.3% | 0% |
| Aug 20 | 07:15 | Producer and Import Prices (YoY) | 2.8% | 3.0% | 2.8% |
Switzerland – Import and producer prices grew less than expected in July (FXstreet.com)
Import and Producer Price Index in Switzerland increased by 0.1% in the month, while on the yearly basis rose by 2.8% according to the Swiss Statistics Office.
[ Full Story ]- Swiss federal statistical office homepage
- Swiss July PPI up 0.1 pct vs June, up 2.8 pct yr−on−yr (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 20 | 07:15 | CH | Producer and Import Prices (MoM) (Jul) | 0.1% | 0.3% | 0% |
| 07:15 | CH | Producer and Import Prices (YoY) (Jul) | 2.8% | 3.0% | 2.8% | |
| 08:30 | UK | M4 Money Supply (MoM) | 0.7% | |||
| 08:30 | UK | Public Sector Net Borrowing | 7.4 | |||
| 14:00 | US | Leading Indicators (MoM) (Jul) | -0.3% | |||
| Aug 21 | 09:00 | EMU | Trade Balance s.a. | €1.7B | ||
| 09:00 | DE | ZEW Survey − Economic Sentiment | 10.4 | |||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) | 0% | |||
| 11:00 | CA | Consumer Price Index (MoM) | -0.2% | |||
| 12:30 | CA | Retail Sales (MoM) | 2.8% | |||