Wednesday, Aug 29, 07:38 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − JPY crosses watch
Expert: Tony Juste
Start: Wed, Aug 29, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
US Pre−Market Open
Expert: Ed Ponsi
Start: Wed, Aug 29, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 29, 10:00 GMT | What Moves Currencies? − JPY crosses watch | Tony Juste | WBN | |
| Wed, Aug 29, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Wed, Aug 29, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Aug 29, 14:00 GMT | Active vs. Passive Carry−Trade Management | S. Wade Hansen | WBN | |
Current Session: Europe
USD/JPY
Currency Majors Technical Analysis by Mataf.net
USD JPY broke 115,30 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY.
- 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 Majors Technical Analysis − Daily Majors Technical Analysis by Pro Pipper
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Daily Forex and Dow Jones Recommended Levels by FXtechtrade
Currencies at a Glance
- EUR/USD
- Trades around first support level 1.3576
08/29/2007 07:02 GMT - GBP/USD
- Continues to test first support level 1.9965
08/29/2007 07:02 GMT - USD/CHF
- Continues to move up toward first resistant level 1.2042
08/29/2007 07:03 GMT - USD/JPY
- Trades around opening price level 114.26 , below pivot level 114.77
08/29/2007 07:06 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, 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
Switzerland KOF SWISS LEADING INDICATOR
| Date (GMT) | Event | Cons. | Previous | |
| Aug 29 | 09:30 | KOF Swiss Leading Indicator | 2.15 | 2.13 |
Forex Technical Report - Forex Technical Report USD/CHF by iFOREX.bg
[ Full Story ]- Darrel Jobman, formerly editor−in−chief of Futures Magazine: "The KOF index will be watched closely on Wednesday and any figure near or above the July level of 2.13 would maintain confidence in the economy." − TradingEducation.com
Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 29 | 06:10 | Gfk Consumer Confidence Survey | 7.6 | 8.5 | 8.5 |
Friday Notes - Fed to smooth the adjustment by HVB Group
Consumer sentiment has recovered strongly since the VAT increase. The key factor here is the ongoing, strong upswing on the labor market.
[ Full Story ]- Germany's GfK sees Sept consumer climate index at 7.6 vs 8.5 in Aug (Thomson Financial News)
- German Gfk Consumer sentiment drops in September (FXstreet.com)
- Germany Gfk Consumer Confidence Survey down to 7.6 in Sep from a revised 8.5 (FXstreet.com)
US FOMC MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 28 | 18:00 | FOMC Minutes | - | - | - |
Fed members saw economic risk from financial markets at August 7 meeting (Thomson Financial News)
Financial market stress was already apparent when members of the Federal Reserve's interest rate setting committee met on August 7 and they thought "a further deterioration in financial conditions" couldn't be ruled out and might demand action from the Fed.
[ Full Story ]- Read the FOMC Minutes of Meeting at US Federal Reserve
- Fed hoped market would right itself (Thomson Financial News)
- Fed discussed response to financial market crunch at August meeting UPDATE (Thomson Financial News)
- Fed saw danger of credit crunch (Thomson Financial News)
Wakeup Call on Forex Markets - FOMC Minutes not offering support for stocks and USD by Saxo Bank
Start the Day - Fed minutes still worried about inflation by Mizuho Corporate Bank
Asia Market Update - Risk aversion returns as Fed fails to reassure markets by Trade The News
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 28 | 16:00 | DE | Consumer Price Index (MoM) (Aug)  | -0.1% | -0.1% | 0.4% |
| 16:00 | DE | Consumer Price Index (YoY) (Aug) | 1.9% | 1.9% | 1.9% | |
| 18:00 | US | FOMC Minutes | ||||
| Aug 29 | 06:10 | DE | Gfk Consumer Confidence Survey (Sep) | 7.6 | 8.5 | 8.5 |
| 09:30 | CH | KOF Swiss Leading Indicator (Aug) | 2.15 | 2.13 | ||
| 14:30 | US | EIA Crude Oil Stocks (Aug 24) | 1.9M | |||
| 23:50 | JP | Large Retailer's Sales (Jul) | -2.5% | 0.9% | ||
| 23:50 | JP | Retail Trade (YoY) (Jul) | -0.9% | -0.4% | ||
| 23:50 | JP | Retail Trade s.a (MoM) (Jul) | -1.1% | -0.8% | ||
| Aug 30 | 03:00 | NZ | Business Confidence (Aug) | -39 | ||