Tuesday, Sep 11, 07:55 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Sep 11, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Does the collapse of the Carry−trade signal a new currency world for the US Dollar?
Expert: Joseph Trevisani
Start: Tue, Sep 11, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 11, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Sep 11, 10:00 GMT | What Moves Currencies? − A Look at the Hihg−Yielders | Tony Juste | WBN |  |
| Tue, Sep 11, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Tue, Sep 11, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
Current Session: Europe
GBP/USD
Daily Forex Technical Report − Dollar Recovers Mildly, Focus Turning to Bernanke by ActionForex.com Team
Dollar recovers mildly today after mixed views from Fed speakers failed to trigger further downside in the greenback. Atlanta Fed Lockhart played down the significance of the poor job number and argued that it should be evaluated with along with the indications of retail sales.
- EUR/USD confirms failure @ the daily main downtrend line off the record highs by Tony Juste
- TRENDEX: Real−time market comments and trading tips. Get your Trial Account now!
- 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 Analysis − EUR/USD:(1.3798) In channel off 1.3358 by KBC Bank
Daily Market Commentary − The dollar had something of a siesta day on Monday by Global Forex Trading Ltd.
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Stays below pivot level 1.3794
09/11/2007 07:03 GMT - GBP/USD
- Moves down below first support level 2.0248
09/11/2007 07:03 GMT - USD/CHF
- Moves up around first resistant level 1.1883
09/11/2007 07:05 GMT - USD/JPY
- Moves down toward pivot level 113.43
09/11/2007 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 USD, Hourly
Top Market Movers Preview
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 11 | 08:30 | Total Trade Balance | -3700.0B | -3.6B |
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The UK Trade Deficit may worsen as the global uncertainty could make investments to pull out of 'risky countries', such as the UK. If that is the case, the Bank of England would have it tough to continue with its hawkish tone (especially Governor King), and that in the end would revert in the GBP holding steady but not aiming at much higher levels from where we are at the moment." − FXstreet.com
Top Market Movers Review
Australia NATIONAL AUSTRALIA BANK'S BUSINESS CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 11 | 01:30 | National Australia Bank's Business Confidence | 10 | - | 12 |
| Sep 11 | 01:30 | National Australia Bank's Business Conditions | 19 | - | 20 |
Australia's NAB business survey shows confidence slipping (Thomson Financial News)
National Australian Bank (NAB) said its August survey of business sentiment showed a fall in confidence from July as concerns about interest rates countered strong economic fundamentals.
[ Full Story ]- Read the Monthly Business Survey report at National Australian Bank
US CONSUMER CREDIT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 19:00 | Consumer Credit | $7.5B | $9.1B | $11.9B |
ECONOMIC REPORT: U.S. Consumer Credit Rises By 3.7% In July (Dow Jones)
An increase in credit−card debt again pushed up outstanding U.S. consumer debt in July, at a 3.7% annual rate, or by $7.5 billion, the Federal Reserve reported Monday.
[ Full Story ]- Read the Consumer Credit Data at US Fed
- Table Of Consumer Credit Data From US Fed (Dow Jones)
- US July consumer credit rises 7.5 bln usd vs 8.0 bln usd increase expected (Thomson Financial News)
- US July Consumer Credit Increased $7.5 Billion (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 10 | 19:00 | US | Consumer Credit (Jul) | $7.5B | $9.1B | $11.9B |
| Sep 11 | 01:30 | AU | National Australia Bank's Business Conditions (Aug) | 19 | 20 | |
| 01:30 | AU | National Australia Bank's Business Confidence (Aug) | 10 | 12 | ||
| 08:30 | UK | Total Trade Balance (Jul) | -3700.0B | -3.6B | ||
| 12:15 | CA | Housing Starts (YoY) | 222K | 216K | ||
| 12:30 | EMU | ECB's Trichet Speaks | ||||
| 12:30 | CA | New Housing Price Index (YoY) (Jul) | 7.8% | |||
| 12:30 | US | Trade Balance (Jul) | -$59.00 | -$58.14B | ||
| 14:30 | UK | Leading Indicator Index (Jul) | 0.2% | |||
| 23:50 | JP | Current Account (Aug) | 1900B | 2300B | ||