Thursday, Sep 20, 07:33 GMT
EUROPEAN Trading Newsletter
To Get Started
- NEW Webinars Video - Access now Educational Sessions Recordings
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- The Advisor Blog: At the Open. 1.4050 prints
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Live Sessions Schedule
MONTHLY WEBINAR: Translating Floor Trading Emotion into Profitable Screen Based ForexTrading − Part 1
Expert: Sam Seiden
Start: Thu, Sep 20, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
MONTHLY WEBINAR: Translating Floor Trading Emotion into Profitable Screen Based ForexTrading − Part 2
Expert: Sam Seiden
Start: Thu, Sep 20, 14:30 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 20, 13:00 GMT | MONTHLY WEBINAR: Translating Floor Trading Emotion into Profitable Screen Based ForexTrading − Part 1 | Sam Seiden | WBN | |
| Thu, Sep 20, 14:30 GMT | MONTHLY WEBINAR: Translating Floor Trading Emotion into Profitable Screen Based ForexTrading − Part 2  | Sam Seiden | WBN | |
| Fri, Sep 21, 10:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN |  |
| Fri, Sep 21, 11:00 GMT | The Contest Webinar | Raghee Horner | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Yesterday was quiet and the Euro retraced a bit reaching 1.3940 but recovered soon, getting past the 1.3985 resistance at the time of this writing and preparing to test 1.4. Support is now seen at 1.3960 backed by 1.3940 and 1.3900.
- Read the latest Technical comments on major crosses by Tony Juste
- New Webinars Video − Access now Educational Sessions Recordings
- 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 Market Commentary − The dollar fell sharply versus the European currencies but rallied against the yen by Global Forex Trading
Daily Forex Technical Report − Focus Turning to UK Retail Sales and Bernanke by ActionForex.com
Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves up above third resistant level 1.4033
09/20/2007 07:01 GMT - GBP/USD
- Moves up back above pivot level 2.0043
09/20/2007 07:01 GMT - USD/CHF
- Moves down below second support level 1.1753
09/20/2007 07:01 GMT - USD/JPY
- Continues to move down below first support level 115.72
09/20/2007 07:02 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 20 | 08:30 | Retail Sales (YoY) | 4.0% | 4.4% |
| Sep 20 | 08:30 | Retail Sales (MoM) | 0% | 0.7% |
Friday Notes - The US growth motor is not stalling by HVB Group
After having (surprisingly) entered Q3 on a strong footing, we expect retail sales to start feeling the pain of the monetary tightening delivered so far. Starting from September, we also expect the current financial market turmoil to affect consumption.
[ Full Story ]- OUTLOOK European, US data due out today (Thomson Financial News)
Top Market Movers Review
Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 20 | 06:15 | Trade Balance | 0.637B | 0.930B | 1.570B |
Swiss trade surplus narrows in August (FXstreet.com)
Surplus of Swiss trade in goods and services with the rest of the world has narrowed in August to 637.1 million Swiss francs (538.8 dollars) from 1.51 billion in July, according to the Swiss customs office.
[ Full Story ]- SNB homepage
- Swiss Aug trade surplus widens to 637.1 mln sfr (Thomson Financial News)
Japan BSI LARGE MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 19 | 23:50 | BSI Large Manufacturing (QoQ) | 7.7 | - | -2.2 |
Japan MOF: Big Co Jul−Sep Corp Mood Index Better On Quarter (Dow Jones)
Large Japanese companies were more optimistic about the outlook for the economy in July−September than they were during the prior quarter, according to a Ministry of Finance survey released Thursday.
[ Full Story ]- Read the Business Outlook Survey report at Japan Ministry of Finance
- Japan MOF Corporate Mood Index Table Of Data (Dow Jones)
- Japan large firms' business sentiment rebounds in Q3 (Thomson Financial News)
- Japan Outlook:Business Outlook Survey, BOJ Fukui Speaks (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 20 | 06:15 | CH | Trade Balance (Aug) | 0.637B | 0.930B | 1.570B |
| 07:15 | JP | BoJ's Governor Fukui Speaks | ||||
| 07:15 | CH | Producer and Import Prices (MoM) (Aug) | 0.3% | 0.1% | 0.1% | |
| 07:15 | CH | Producer and Import Prices (YoY) (Aug) | 2.7% | 2.6% | 2.8% | |
| 08:30 | UK | M4 Money Supply (MoM) (Aug)  | 0.8% | 1.0% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Aug) | 12.9% | 13.0% | ||
| 08:30 | UK | M4 Sterling Lending (Aug) | £15.1 | £24.6 | ||
| 08:30 | UK | Retail Sales (MoM) (Aug) | 0% | 0.7% | ||
| 08:30 | UK | Retail Sales (YoY) (Aug) | 4.0% | 4.4% | ||
| 12:30 | EMU | ECB's Trichet Speaks | ||||