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EUROPEAN Trading Newsletter
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Live Sessions Schedule
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Jul 8, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jul 8, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 9, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Wed, Jul 9, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
| Wed, Jul 9, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Jul 9, 13:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades − Daily technical outlook − Wednesday 07.09.2008 by E−Forex
The support into the 1.5625 zone is intact so the short term sentiment remains bullish, the fast recovery from the 1.5635/50 region confirming the upside bias. Recent rally brings intraday resistance at 1.5730 into play and a potential break higher may encourage the Euro to aim towards the key resistance zone of 1.5760/80.
- The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Longer−term Support and Resistance Trading: Setups and Rules Rob Booker, Founder and Host TraderRadio.net
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Forex Analysis on Majors − US dollar is still weak to start firm resumption with majors by Forex Ltd
Daily Market Commentary − The dollar unexpectedly marched higher on Tuesday by Global Forex Trading
Banks' Analysis
Daily Technical Analysis − EUR: Attempt longs on a dip to 1.5655 by Mizuho Corporate Bank
Forex Technical Analysis − EUR/USD: (1.5690) Below channel off 1.5302 by KBC Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
EUR/USD Tuesday Evening (NY) Video Update by James Chen, Chief Technical Analyst, at FX Solutions
Clean and Simple by James Chen, Chief Technical Analyst, at FX Solutions
Currencies at a Glance
- EUR/USD
- Moves up towards first resistant level 1.5727
07/09/2008 06:54 GMT - GBP/USD
- Trades around pivot level 1.9718
07/09/2008 06:55 GMT - USD/CHF
- Trades around pivot level 1.0300
07/09/2008 06:55 GMT - USD/JPY
- Trades above pivot level 107.09
07/09/2008 06:55 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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jul 9 | 09:00 | Gross Domestic Product s.a. (YoY) | 2.2% | 2.1% |
| Jul 9 | 09:00 | Gross Domestic Product s.a. (QoQ) | 0.8% | 0.4% |
EMU economic indicators - EMU GDP is not likely to be revised significantly by BHF−Bank
After its surprising increase in April, French industrial production probably suffered a setback in May, because most of the correlated climate indicators deteriorated. For similar reasons, Italian industrial production might only have remained unchanged in May. Q1 EMU GDP is not likely to be revised significantly.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 9 | 06:00 | Trade Balance | 14.4B | 18.0B | 18.7B |
German Trade balance narrows in May (FXstreet.com)
German trade balance has declined somewhat in May, due to the slight monthly increase on imports, and the decline on exports, according to data released by German Statistcs.
[ Full Story ]- German May trade surplus 14.4 bln euros vs 18.8 bln in April; cons 17.6 bln (Thomson Financial News)
- DATA SNAP: German May Trade Surplus EUR14.4B, Exports Fall (Dow Jones)
- Germany Trade Balance narrows to 14.4B in May vs 18.7B in Apr (FXstreet.com)
EMU economic indicators - The German trade balance might have decreased in May by BHF−Bank
UK NATIONWIDE CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 8 | 23:01 | Nationwide Consumer Confidence | 63 | 65 | 69 |
Nationwide: UK Consumer Confidence Hits Fresh Series Low (Dow Jones)
U.K. consumer confidence fell to its weakest level for more than four years in June on concerns about the economic outlook, the weakening housing market, and rising energy and food costs, the Nationwide Building Society said Wednesday. The lender's consumer confidence index fell to 61 in June on a seasonally adjusted basis, from 65 in May, marking the lowest level since the survey was launched in May 2004, it said.
[ Full Story ]- Read the Consumer Confidence report at Nationwide website
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 9 | 01:30 | AU | Home Loans (May) | -7.9% | -3.0% | |
| 01:30 | AU | Investment Lending (May) | -6.8% | 1.4% | ||
| 06:00 | JP | Machine Tool Orders (YoY) (Jun)  | -2.7 | 1.4 | ||
| 06:00 | DE | Trade Balance (May) | 14.4B | 18.0B | 18.7B | |
| 08:30 | UK | Goods Trade Balance (May) | -£7.4B | -£7.6B | ||
| 08:30 | UK | Total Trade Balance (May) | -4.0B | -4.3B | ||
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (1Q) | 0.8% | 0.4% | ||
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (1Q) | 2.2% | 2.1% | ||
| 09:30 | UK | BRC Shop Price Index (YoY) (Jun) | 1.8% | |||
| 11:00 | US | MBA Mortgage Applications (Jul 4) | 3.6% | |||