Friday, Aug 24, 07:34 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? − Wrapping−up the week
Expert: Tony Juste
Start: Fri, Aug 24, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
The Contest Webinar
Expert: Raghee Horner
Start: Fri, Aug 24, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 24, 10:00 GMT | What moves currencies? − Wrapping−up the week | Tony Juste | WBN | |
| Fri, Aug 24, 11:00 GMT | The Contest Webinar  | Raghee Horner | WBN | |
| Fri, Aug 24, 12:00 GMT | Diversifying Your Forex Portfolio | S. Wade Hansen | WBN | |
| Fri, Aug 24, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN | |
Current Session: Europe
USD/JPY
Daily Market Commentary − The financial markets are still boiling with uncertainty by Global Forex Trading Ltd.
Dollar/yen broke above an inside range on its way to an eight−day high. It then trimmed its gains and only a break above 117.12 would encourage adding more to yen crosses. The pair barely remains under the trendline rising since January 2005, now at 116.00. Strong resistance is at 116.85 from a 50−point pivot that targets 116.35 and 117.35. Distant resistance is at 118.25.
- 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:
Daily technical research by FX Instructor
Forex Technical Report EUR/USD by iFOREX.bg
Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves down below pivot level 1.3562
08/24/2007 07:08 GMT - GBP/USD
- Moves down below pivot level 2.0002
08/24/2007 07:09 GMT - USD/CHF
- Trades below pivot level 1.2073
08/24/2007 07:10 GMT - USD/JPY
- Moves down toward first support level 115.26
08/24/2007 07:11 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
EMU PMI MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 24 | 08:00 | PMI Manufacturing Index | 54.5 | 54.9 |
| Aug 24 | 08:00 | Purchasing Manager Index Services | 58.0 | 58.3 |
Friday Notes - Rising risk aversion triggers growth fears by HVB Group
The August flash estimate of the eurozone manufacturing PMI should come in around the prior 54.9, thus confirming the softening trend of the last twelve months.
[ Full Story ]Top Market Movers Review
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 23 | 12:30 | Initial Jobless Claims | 322K | 315K | 324K |
US Jobless Claims −2K To 322K In Aug 18 Week; Survey −2K (Dow Jones)
The number of U.S. workers filing new claims for jobless benefits fell last week for the first time in five weeks, though the level of claims remains consistent with only modest growth in employment.
[ Full Story ]- Read the Unemployment Insurance Weekly Claims Report at Labor Department
- US first time jobless claims fall to 322,000 vs 320,000 expected (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 23 | 22:45 | NZ | Trade Balance (Jul) | -791.0 | -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% | ||
| 12:30 | US | Durable Goods Orders (Jul) | 1.0% | 1.4% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Jul) | 0.6% | -0.5% | ||
| 14:00 | US | New Home Sales (MoM) (Jul) | -1.1% | -6.6% | ||
| 14:00 | US | New Home Sales (Jul) | 825K | 834K | ||
| Aug 27 | 14:00 | US | Existing Home Sales (Jul) | 5.75M | ||