Wednesday, Sep 12, 07:31 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Wed, Sep 12, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
− Live market reading and trade decision
What Moves Currencies? − Thoughts on the 'Carry Madness' Evolution
Expert: Tony Juste
Start: Wed, Sep 12, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 12, 09:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
| Wed, Sep 12, 10:00 GMT | What Moves Currencies? − Thoughts on the 'Carry Madness' Evolution | Tony Juste | WBN | |
| Wed, Sep 12, 11:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN |  |
| Wed, Sep 12, 13:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN |  |
Current Session: Europe
EUR/USD
Daily Forex Outlook − USD fell against most other majors by Easy Forex
The Euro (EUR) traded near record highs against the USD as further expectations of a Fed rate cut on Sep 18 circulated the market. Further more, ECB Trichet signaled that credit losses did not impact EU financial institutions much and growth was not slowing gave added support to the Euro, despite rates likely to be kept on hold in the foreseeable future.
- Check out the latest technical comments in major crosses 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:
Daily Technical Analysis − Daily Technical Analysis by Mizuho Corporate Bank
Daily Forex Commentary − Markets still suffer from mood swings by Jyske Bank
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Currencies at a Glance
- EUR/USD
- Trades around first resistant level 1.3863
09/12/2007 07:08 GMT - GBP/USD
- Back around opening price level 2.0333 , above pivot level 2.0300
09/12/2007 07:08 GMT - USD/CHF
- Back below pivot level 1.1874
09/12/2007 07:08 GMT - USD/JPY
- Back around pivot level 114.01
09/12/2007 07:09 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, 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 AVERAGE EARNINGS INCLUDING BONUS
| Date (GMT) | Event | Cons. | Previous | |
| Sep 12 | 08:30 | Average Earnings including Bonus (3Mo/Yr) | 3.4% | 3.3% |
| Sep 12 | 08:30 | Average Earnings excluding Bonus (3Mo/Yr) | 3.5% | 3.4% |
Economic Data Roundup - United Kingdom 10/9 Producer Prices (Aug) by ODL Securities
There were pluses and minuses in last month's labour market report. Unemployment continued to fall on both measures, whilst employment, after easing back through the latter stages of last year, rebounded.
[ Full Story ]Top Market Movers Review
Japan CURRENT ACCOUNT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 11 | 23:50 | Current Account | 1856 | 1900B | 2300B |
Japan July Unadjusted Current Account Surplus +4.5% On Year (Dow Jones)
Japan's current account surplus rose 4.5% in July from a year earlier, increasing for a seventh straight month, the Ministry of Finance said Wednesday. The surplus, the broadest measure of Japan's trade with the rest of the world, stood at Y1.856 trillion in July before seasonal adjustment.
[ Full Story ]- Read the Current Account report at Japan Ministry of Finance
- Japan July Current Account Surplus Table Of Data (Dow Jones)
- Japan July current account surplus up 4.5 pct yr−on−yr, misses forecast (Thomson Financial News)
- Japan Outlook: Aug CGPI,Jul Current Acct; Matsushita Briefs (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 11 | 23:50 | JP | Current Account (Aug) | 1856 | 1900B | 2300B |
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) | 1.9% | 1.7% | 2.1% | |
| Sep 12 | 05:00 | JP | Consumer Confidence Households (Aug) | 44.0 | 44.0 | 44.4 |
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Jul) | 3.5% | 3.4% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Jul) | 3.4% | 3.3% | ||
| 08:30 | UK | Claimant Count Rate (Aug) | 2.6% | 2.6% | ||
| 08:30 | UK | Jobless Claims Change (Aug) | -8.0K | -8.5K | ||
| 09:00 | EMU | Industrial Production s.a. (MoM) (Jul) | 0.2% | -0.1% | ||
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Jul) | 3.1% | 2.3% | ||
| 14:30 | US | EIA Crude Oil Stocks (Sep 7) | -3.49M | |||