Thursday, Jul 12, 11:17 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Objective Day Trading Rules for Forex Traders - Free-Access Day
Expert: Sam Seiden
Start: Thu, Jul 12, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Multiple trades in non-correlated markets
- Efficient profit taking with supply and demand
- Low risk / high reward position management
- Proper analysis to pre-plan your day trading opportunities
Raghee Horner's Four Step Trading: Forex - Free-Access Day
Expert: Raghee Horner
Start: Thu, Jul 12, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, Jul 12, 11:00 GMT | Leverage and Money Management - Free-Access Day | S. Wade Hansen | WBN |  |
| Thu, Jul 12, 12:00 GMT | US Pre-Market Open - Free-Acess Day | Ed Ponsi | WBN | |
| Thu, Jul 12, 13:00 GMT | Objective Day Trading Rules for Forex Traders - Free-Access Day | Sam Seiden | WBN | |
| Thu, Jul 12, 14:00 GMT | Raghee Horner's Four Step Trading: Forex - Free-Access Day | Raghee Horner | WBN | |
| Thu, Jul 12, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets - Free-Access Day | Steve Primo | WBN | |
Current Session: Europe - U.S.
GBP/USD
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
The Cable, as the Euro, also continued its rally, making new 26 year top record, which however is still under the daily highest quote. Namely the yesterday's top 2.0359 is the resistance, which British Pound has to overcome, in order to continue its upward movement. Following is the test of 2.0395 and 2.0477. Supports are given by yesterday's bottom at 2.0242, followed by the top 2.0202 from 4 July and 2.0157 - a break of the upwards trend line passing through the bottoms 1.9658 and 2.0057.
Technical resistance levels: 2.0359 2.0395 2.0477
Technical support levels: 2.0242 2.0202 2.0157
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Follow up all the currency pairs in Real Time, 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:
Forex Daily Analysis - BOJ Interest Rates & US Trade Balance by ForexYard
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Daily Forex Commentary - US Sub-prime in Centre of Attention by Jyske Bank
Currency Majors Technical Analysis by Mataf.net
Majors at a Glance
- EUR/USD
- Moves up above first resistant level 1.3775
07/12/2007 11:06 GMT - GBP/USD
- Continues to trade around opening price level 2.0324 , above pivot level 2.0309
07/12/2007 11:06 GMT - USD/CHF
- Moves down below pivot level 1.2040
07/12/2007 11:06 GMT - USD/JPY
- Moves down below pivot level 121.99
07/12/2007 11:06 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/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 EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 12 | 12:30 | Trade Balance | -$60.0B | -$58.5B |
Daily Forex Technical Report - BoJ on Hold, US Trade Balance Eyed by ActionForex.com
Dollar continues to press near term support against European majors today. Sentiments remains generally weak. Focus will be turning to trade balance data today which is expected to show that trade deficits widened mildly to -60b in May.
[ Full Story ]Forex Daily Analysis - 12/07/'07 - BOJ Interest Rates & US Trade Balance. by ForexYard
Top Market Movers Review
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 12 | 09:00 | Gross Domestic Product s.a. (YoY) | 3.1% | 3.0% | 3.0% |
| Jul 12 | 09:00 | Gross Domestic Product s.a. (QoQ) | 0.7% | 0.6% | 0.6% |
European Market Update - Euro-Zone First Quarter GDP Upwardly Revised by Trade The News
Final first-quarter GDP in the Euro-Zone was revised up to 0.7% q/q, and 3.1% y/y from the preliminary readings of 0.6% and 3.0% respectively. GDP was boosted by a rise in corporate investment, which reached its highest level in 10 years, as well as strong export growth.
[ Full Story ]- Read the Euro area and EU27 GDP up by 0.7% at Eurostat
- Euro zone Q1 GDP growth revised to 0.7 pct from 0.6 pct UPDATE (Thomson Financial News)
- Euro zone Q1 GDP growth revised to 0.7 pct from 0.6 pct (Thomson Financial News)
- DATA SNAP: Euro-Zone 1Q GDP Revised Up On Steady Spending (Dow Jones)
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 12 | 09:00 | Industrial Production s.a. (MoM) | 0% | 1.0% | -0.8% |
| Jul 12 | 09:00 | Industrial Production w.d.a. (YoY) | 2.5% | 2.3% | 2.8% |
DATA SNAP: Euro-Zone May Indus Output +0.9% MM, +2.5% On Yr (Dow Jones)
Euro-zone industrial production rebounded in May, led by surging output in Germany and Italy. According to figures released Thursday by the European Union's statistics agency Eurostat, industrial production grew 0.9% from April and was 2.5% higher compared with May 2006.
[ Full Story ]- Read the Industrial production up by 0.9% in euro area at Eurostat
- Euro zone May industrial output up 0.9 pct vs April, up 2.5 pct yr-on-yr (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 12 | 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (1Q) | 0.7% | 0.6% | 0.6% |
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (1Q) | 3.1% | 3.0% | 3.0% | |
| 09:00 | EMU | Industrial Production s.a. (MoM) | 0% | 1.0% | -0.8% | |
| 09:00 | EMU | Industrial Production w.d.a. (YoY) | 2.5% | 2.3% | 2.8% | |
| 12:30 | US | Initial Jobless Claims | 315K | 318K | ||
| 12:30 | CA | International Merchandise Trade (May) | $5.5B | $5.8B | ||
| 12:30 | US | Trade Balance (May) | -$60.0B | -$58.5B | ||
| 14:30 | CA | Bank of Canada Monetary Policy Report | ||||
| 22:45 | NZ | Retail Sales (MoM) (May) | -1.2% | |||
| Jul 13 | 12:30 | US | Export Price Index (MoM) (Jun) | 0.3% | 0.1% | |