Monday, Jul 09, 11:52 GMT
U.S. Trading Newsletter
To Get Started
- FXstreet.com International Traders Conference: Come to Barcelona! Enjoy the Special Early Bird Discount
- Live Free-Access day: Attend for FREE to all our Webinars
- Who is going to be the FX Trader of the year? Find it out in the Forum
- Check out the NEW Flash Charts on the Rates & Charts Section
Send us your feedback. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jul 9, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Mon, Jul 9, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Mon, Jul 9, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Mon, Jul 9, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jul 9, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jul 9, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Mon, Jul 9, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN |  |
Current Session: Europe - U.S.
EUR/USD
European Forex Recap by FX Solutions by FX Solutions
FX rates as at 11.00pm EST GBP/USD 2.0106/11 EUR/USD 1.3619/22 USD/JPY 123.60/63 USD/CHF 1.2190/94 USD/CAD 1.0480/85 AUD/USD 0.8577/81 NZD/USD 0.7805/09
Germany's seasonally adjusted May Trade Surplus rose to E 17.6 billion vs the previous month's unrevised E 15.8 bio. Euro unchanged at 1.3620 (2:00am EST)
Euro initially moved down to 1.3610 (2:25am EST) before moving higher to 1.3640 (3:30am EST).
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Technical Trigger: USD/CHF, the Advisor Weblog 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
Other Topics for this Session:
Global FX Daily - U.S. Edition - GBP improves despite weaker than expected PPI by Mellon Foreign Exchange
Daily Technical Analysis - EUR/JPY: A new all-time high at 168.55 and many other Yen crosses hitting new recent highs by Mizuho Corporate Bank
Majors at a Glance
- EUR/USD
- Continues to trade between pivot level 1.3611 and Friday's high 1.3639
07/09/2007 10:49 GMT - GBP/USD
- Moves up above first resistant level 2.0145
07/09/2007 10:49 GMT - USD/CHF
- Continues to move down toward first support level 1.2149
07/09/2007 10:49 GMT - USD/JPY
- Moves down back around pivot level 123.24
07/09/2007 10:49 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
GBP USD, Hourly
Top Market Movers Preview
France INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Jul 10 | 06:45 | Industrial Production (MoM) | 0.7% | -0.8% |
Friday Notes - EMU Budgets: Missed Opportunities by HVB Group
Following a substantial drop in April (mostly driven by a calendar effect and a weatherrelated slump in energy output), we expect industrial production to have rebounded in May, totally offsetting the previous reading. This would leave the Apr-May figure only slightly above Q1, underpinning a softening in industrial output. Nevertheless, it is still robust.
[ Full Story ]Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 9 | 10:00 | Industrial Production s.a. (MoM) | 1.9% | 1.9% | -2.3% |
German May industrial output up 1.9 pct from April; beats consensus (Thomson Financial News)
German industrial output rose a seasonally adjusted 1.9 pct in May from April, beating a consensus forecast, according to preliminary data from the Economy and Technology Ministry. Economists polled by Thomson Financial had expected an increase of 1.8 pct.
[ Full Story ]- Germany Federal Ministry of Economics and Technology homepage
- DATA SNAP: German May Industrial Production +1.9% On Mo -2- (Dow Jones)
- Germany Jun Industrial Production rises to 1.9% (FXstreet.com)
UK PRODUCER PRICE INDEX - INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 9 | 08:30 | Producer Price Index - Output (YoY) | 2.4% | 2.6% | 2.5% |
| Jul 9 | 08:30 | Producer Price Index - Output (MoM) | 0.2% | 0.3% | 0.4% |
| Jul 9 | 08:30 | Producer Price Index - Input (YoY) | 2.1% | 2.1% | 1.2% |
| Jul 9 | 08:30 | Producer Price Index - Input (MoM) | 0.6% | 0.8% | 0.4% |
Global FX Daily - U.S. Edition - GBP improves despite weaker than expected PPI by Mellon Foreign Exchange
GBP has been in the ascendancy this morning, despite a weaker than expected outcome on core PPI output. The y/y rate on core output prices eased back to +2.1%, the lowest seen since Sep 2006, although this only had a very short-lived negative impact on GBP.
[ Full Story ]- Read the Factory gate inflation unchanged at 2.4% at National Statistics
- Forex - Pound withstands temporary dip after PPI comes in below expectations (Thomson Financial News)
- UK June PPI Table Of Data (Dow Jones)
- UK June producer price inflation edges down vs May (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 9 | 08:30 | UK | Producer Price Index - Input (MoM) | 0.6% | 0.8% | 0.4% |
| 08:30 | UK | Producer Price Index - Output (MoM) (Jun) | 0.2% | 0.3% | 0.4% | |
| 08:30 | UK | Producer Price Index - Output (YoY) (Jun) | 2.4% | 2.6% | 2.5% | |
| 10:00 | DE | Industrial Production s.a. (MoM) (Jun) | 1.9% | 1.9% | -2.3% | |
| Jul 10 | 06:45 | FR | Industrial Production (MoM) | 0.7% | -0.8% | |
| 08:30 | UK | Trade Balance | -6.55B | -6.32B | ||
| 09:25 | CA | BoC Interest Rate Announcement | 4.25% | |||
| 14:00 | US | Wholesale Inventories (May) | 0.4% | 0.3% | ||
| Jul 12 | 03:00 | JP | BoJ Interest Rate Decision | 0.5% | ||
| 09:00 | EMU | Industrial Production s.a. (MoM) | 1.0% | -0.8% | ||