Tuesday, Jul 03, 11:26 GMT
U.S. Trading Newsletter
To Get Started
- FXstreet.com International Traders Conference: Come to Barcelona! Enjoy the Special Early Bird Discount
- Be prepared for the next Non-Farm Payrolls - Trade it LIVE with Wayne McDonell
- Who is going to be the FX Trader of the year? Find it out in the Forum
Send us your feedback. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Jul 3, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Becoming a Professional Trader (Part 1): The Six Biggest Mistakes of Traders and How to Avoid Them
Expert: Markus Heitkoetter
Start: Tue, Jul 3, 16:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, Jul 3, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Tue, Jul 3, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
| Tue, Jul 3, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
| Tue, Jul 3, 16:00 GMT | Becoming a Professional Trader (Part 1): The Six Biggest Mistakes of Traders and How to Avoid Them | Markus Heitkoetter | WBN | |
| Tue, Jul 3, 18:00 GMT | Live Look at Today’s Markets | Derek Frey | WBN |  |
Current Session: Europe - U.S.
EUR/USD
Global FX Daily - U.S. Edition - Softer retail sales report hampers the AUD by Mellon Foreign Exchange
EUR-USD yesterday, taking out levels at 1.3555 and 1.3610-25. The April 27 high at 1.3683 is the next target and technicians will no doubt be excited by the possibility that EUR-USD has now entered a fresh up-cycle.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Price Flash: GBP/USD sells off after failing to resurface trendline, EUR/USD and USD/CHF back to extremes by Tony Juste
- The Signals Tracker: track down the performance of a particular signals provider
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
Forex Daily Analysis - 03/07/2007 - REVERSALS? We think not! by ForexYard
The Word of Majors - EUR: The uptrend remains intact but could correct lower before reaching the 1.3680 by FXstreet.com
Majors at a Glance
- EUR/USD
- Trades above pivot level 1.3596
07/03/2007 11:05 GMT - GBP/USD
- Stays around opening price level 2.0169 , above pivot level 2.0141
07/03/2007 11:05 GMT - USD/CHF
- Trades above pivot level 1.2143
07/03/2007 11:05 GMT - USD/JPY
- Back around opening price level 122.39 , below pivot level 122.59
07/03/2007 11:05 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - GBP/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
US FACTORY ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 3 | 14:00 | Factory Orders | -0.8% | 0.3% |
Friday Notes - Inflation risks still skewed to the upside by HVB Group
New orders are split roughly 50-50 between durable and non-durable goods. The latest report on durable good orders for May posted a 2.8% decline. Non-durables probably rose moderately, leaving overall factory orders down mildly after two positive months.
[ Full Story ]- Ahead of the Bell: Factory Orders (Thomson Financial News)
Top Market Movers Review
EMU UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 3 | 09:00 | Unemployment Rate | 7.0% | 7.1% | 7.1% |
Unemployment eases in May in the EU (FXstreet.com)
Against the economists’ expectations, unemployment in the countries sharing the Euro has decreased slightly in May, according to the latest report by Eurostat.
[ Full Story ]- Unemployment in the EU - Eurostat
- Euro zone May unemployment 7.0 pct vs 7.1 in April (Thomson Financial News)
- DATA SNAP: Euro-Zone May Jobless Rate Hits New Low (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 3 | 05:45 | CH | Consumer Price Index (YoY) | 0.6% | 0.7% | 0.5% |
| 09:00 | EMU | Producer Price Index (MoM) | 0.3% | 0.3% | 0.4% | |
| 09:00 | EMU | Producer Price Index (YoY) | 2.3% | 2.4% | 2.4% | |
| 09:00 | EMU | Unemployment Rate | 7.0% | 7.1% | 7.1% | |
| 14:00 | US | Factory Orders | -0.8% | 0.3% | ||
| 14:00 | US | Pending Home Sales (MoM) | 0.6% | -3.2% | ||
| 23:01 | UK | Nationwide Consumer Confidence | 97 | 99 | ||
| 23:30 | AU | RBA Interest Rate Decision | 6.25% | |||
| Jul 4 | 01:30 | AU | Trade Balance | -1200M | -962M | |
| 07:55 | DE | Purchasing Manager Index Services | 58.0 | 57.5 | ||