Tuesday, Jul 17, 11:25 GMT
U.S. Trading Newsletter
To Get Started
- Website Renewed! All the Forex Market news and research also in Spanish
- FXstreet.com International Traders Conference: Come to Barcelona! Enjoy the Special Early Bird Discount
- Check out the NEW Flash Charts on the Rates & Charts Section
- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
Send us your feedback. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
Raghee Horner's Four Step Trading: Forex
Expert: Raghee Horner
Start: Tue, Jul 17, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Jul 17, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jul 17, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, Jul 17, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Tue, Jul 17, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN | |
| Tue, Jul 17, 13:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
| Tue, Jul 17, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
Current Session: Europe - U.S.
GBP/USD
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
The Cable continued its upwards impulse, reaching a new 26 year top record 2.0403, but at the end of the day it closed under that level again., which makes it first target today for the bulls. Next resistances are the psychological 2.0498 and 2.0595.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Trade Alert (intraday): GBP/USD (II) 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 - 17/07/'07 - Forex Market keeps the U.S. currency under selling pressure by ForexYard
Currency Open positions - Currency Open positions by Odom & Frey Futures & Options
Daily Forex Technical Report - Sterling Firm Ahead of CPI, Swissy Lifted by Retail Sales by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves down below pivot level 1.3778
07/17/2007 09:25 GMT - GBP/USD
- Continues to move up above second resistant level 2.0441 after UK CPI data
07/17/2007 09:25 GMT - USD/CHF
- Back around first support level 1.2006 after bounced at second support 1.1976
07/17/2007 09:25 GMT - USD/JPY
- Stays below pivot level 121.87
07/17/2007 09:25 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
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 17 | 12:30 | Producer Price Index (YoY) | 3.6% | 4.1% |
| Jul 17 | 12:30 | Producer Price Index (MoM) | 0.1% | 0.2% |
| Jul 17 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 1.7% | 1.6% |
| Jul 17 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.2% | 0.2% |
US economic indicators - PPI and CPI only likely to have risen moderately, partly due to lower gasoline prices by BHF-Bank
PPI and CPI only likely to have risen moderately, partly due to lower gasoline prices. Industrial production likely to have rebounded in June.
[ Full Story ]Top Market Movers Review
Germany ZEW SURVEY - ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 17 | 09:00 | ZEW Survey - Economic Sentiment | 10.4 | 19.7 | 20.3 |
German ZEW economic sentiment index collapses in July (FXstreet.com)
German ZEW economic indicator has dropped sharply lower than expected in July, to a level of 10.4 from the 20.3 points level reached on the previous month, according to the latest data reported by the ZEW institute. This forward looking indicator advances an steep decline on the German economic activity for the first months of 2008.
[ Full Story ]- Read the report: Strength of Economic Upswing is Weakening at ZEW
- Forex - Euro slides on much weaker-than-expected ZEW survey (Thomson Financial News)
- DATA SNAP: German July ZEW Economic Sentiment Falls -3- (Dow Jones)
- German ZEW July economic expectations index +10.4 pts vs +20.3 in June UPDATE (Thomson Financial News)
EMU economic indicators - German ZEW economic sentiment might deteriorate in July by BHF-Bank
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 17 | 08:30 | Consumer Price Index (MoM) | 0.2% | 0.2% | 0.3% |
| Jul 17 | 08:30 | Consumer Price Index (YoY) | 2.4% | 2.4% | 2.5% |
DATA SNAP: UK June CPI +2.4% On Year; Core Marks 10-Yr High (Dow Jones)
U.K. consumer price inflation eased by a smaller degree than expected in June, while core inflation accelerated to a 10-year high, the Office for National Statistics said Tuesday. The consumer price index gained 0.2% on the month in June, following a 0.3% rise in May, and rose 2.4% on the year after a 2.5% increase in May, the ONS said.
[ Full Story ]- Read the Consumer Price Indices at National Statistics
- UPDATE: British Inflation In June Doesn't Cool As Much As Forecast (Dow Jones)
- UK June annual CPI inflation drops to 2.4 pct, lowest since last October (Thomson Financial News)
- United Kingdom Retail Price Index rises 0.5% in Jun; 4.4% on the year (FXstreet.com)
Forex Commentaries and Forecasts - The GBP set new record high levels by World-Signals®
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 17 | 08:30 | UK | Consumer Price Index (MoM) (Jun) | 0.2% | 0.2% | 0.3% |
| 08:30 | UK | Retail Price Index (MoM) (Jun) | 0.5% | 0.3% | 0.4% | |
| 08:30 | UK | Retail Price Index (YoY) (Jun) | 4.4% | 4.2% | 4.3% | |
| 09:00 | DE | ZEW Survey - Economic Sentiment (Jul) | 10.4 | 19.7 | 20.3 | |
| 12:30 | US | Producer Price Index (MoM) (Jun) | 0.1% | 0.2% | ||
| 12:30 | US | Producer Price Index (YoY) (Jun) | 3.6% | 4.1% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (MoM) (Jun) | 0.2% | 0.2% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (YoY) (Jun) | 1.7% | 1.6% | ||
| 13:00 | US | Total Net TIC Flows (May) | 90.0 | 111.8B | ||
| 13:15 | US | Capacity Utilization (Jun) | 81.5% | 81.3% | ||