Thursday, Aug 23, 08:05 GMT
EUROPEAN Trading Newsletter
To Get Started
- MG Financial Response to Francesc Riverola's "Open letter to FXstreet's clients affected by NFA capital requirement changes"
- Tony Juste is back! Check the Advisor Blog now
- FXstreet.com 1st International Traders Conference - Come and meet our renowned Speakers
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Live Sessions Schedule
What moves currencies? − Pacific Dollars Watch
Expert: Tony Juste
Start: Thu, Aug 23, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Aug 23, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 23, 08:00 GMT | London Open: Live Market Analysis with FX Bootcamp | Wayne McDonell | WBN |  |
| Thu, Aug 23, 10:00 GMT | What moves currencies? − Pacific Dollars Watch | Tony Juste | WBN | |
| Thu, Aug 23, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, Aug 23, 16:00 GMT | Trading with Tim Billups  | Tim Billups | WBN | |
Current Session: Europe
USD/JPY
Currency Majors Technical Analysis by Mataf.net
USD JPY broke 115,30 resistance. USD JPY is in an uptrend supported by 15min exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue to gather momentum. The price should find a support above 116,60 (80 pips).
- Tony Juste is finally back! Read his last weblog posts
- 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:
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Daily Forex and Dow Jones Recommended Levels − by FXtechtrade by Fxtechtrade
Currencies at a Glance
- EUR/USD
- Trades slightly below last week high 1.3559 , above pivot level 1.3514
08/23/2007 07:14 GMT - GBP/USD
- Trades around first resistant level 1.9971
08/23/2007 07:14 GMT - USD/CHF
- Stays below pivot level 1.2070
08/23/2007 07:14 GMT - USD/JPY
- Trades around first resistant level 115.85
08/23/2007 07:14 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 JPY, Hourly
Top Market Movers Preview
UK TOTAL BUSINESS INVESTMENT
| Date (GMT) | Event | Cons. | Previous | |
| Aug 23 | 08:30 | Total Business Investment (QoQ) | 2.0% | -0.6% |
Hedging Range Trades - EURGBP − Hedging Strategy of the Week by FXCM
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Whether the current market sentiment will have a longer−lasting impact on the economy or not depends in good measure on how businesses react to the 'panic' created, and whether their mney continues to be spread around in new investments. Thus, I would monitor the data carefully to see how the UK is facing the situation." − FXstreet.com
Top Market Movers Review
Germany GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 23 | 06:00 | Gross Domestic Product (QoQ) | 0.3% | 0.3% | 0.5% |
German Q2 final GDP growth 0.3 pct vs Q1; confirms prelim result UPDATE (Thomson Financial News)
German GDP grew 0.3 pct in seasonally−, price− and calendar−adjusted terms in the second quarter, compared with 0.5 pct growth in the first quarter, according to final figures from the Federal Statistics Office.
[ Full Story ]- Read the GDP data at German Statistics
- Germany − GDP grows at 0.3% in 2nd quarter (FXstreet.com)
- German H1 state budget posts surplus, first time since 1989 (Thomson Financial News)
- German Q2 final GDP growth 0.3 pct vs 0.5 pct in Q1; confirms prelim result (Thomson Financial News)
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 23 | 03:00 | BoJ Interest Rate Decision | 0.5% | - | 0.5% |
Asia Market Update - BoJ leave rates unchanged, as expected by Trade The News
The BoJ voted 8−1 to leave rates unchanged, with Mizuno being the only member voting for a rate hike. This was the 2nd consecutive meeting the BoJ vote was split.
[ Full Story ]- Read the Interest Rate decision report at Bank of Japan
- Yen steady after BoJ keeps interest rates on hold (Thomson Financial News)
- Bank of Japan votes 8−1 to keep overnight call rate unchanged (Thomson Financial News)
- Bank of Japan likely to leave rates on hold at next policy meeting − report (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 23 | 03:00 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | |
| 06:00 | DE | Gross Domestic Product (QoQ) (2Q) | 0.3% | 0.3% | 0.5% | |
| 06:30 | JP | BoJ's Governor Fukui Speaks | ||||
| 08:30 | UK | Total Business Investment (QoQ) (2Q)  | 2.0% | -0.6% | ||
| 12:30 | US | Initial Jobless Claims (Aug 18) | 315K | 322K | ||
| 22:45 | NZ | Trade Balance (Jul) | -524.5M | |||
| Aug 24 | 08:00 | EMU | Purchasing Manager Index Services (Aug) | 58.0 | 58.3 | |
| 08:00 | EMU | PMI Manufacturing Index (Aug) | 54.5 | 54.9 | ||
| 08:30 | UK | Gross Domestic Product (YoY) (2Q) | 3% | 3% | ||
| 08:30 | UK | Gross Domestic Product (QoQ) (2Q) | 0.8% | 0.8% | ||