Wednesday, Jul 18, 11:16 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
US Pre-Market Open
Expert: Ed Ponsi
Start: Wed, Jul 18, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, Jul 18, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 18, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Wed, Jul 18, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN | |
| Wed, Jul 18, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jul 18, 14:00 GMT | Fxstreet.com International Traders Conference | Tony Juste | SHW | |
| Wed, Jul 18, 16:00 GMT | "Market triggers" - Why the triggers are not effective as before? | Dr.S.Sivaraman | WBN | |
Current Session: Europe - U.S.
GBP/USD
GBP/USD intraday chart watch - trendline at work by FXstreet.com
Comment: Int he chart below you'll see what the name of the game might be (intraday speaking) for Cable. There is a rising uptrend line that seems to hold the key to the upside/downside here. That trendline has 3 contact points, what makes it reliable (the 3rd contact point was the low after BoE minutes).
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Follow up the latest market movers with Tony Juste's technical comments
- 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 Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
Forex Technical Analysis - EUR/USD:(1.3786) New high on move above Double Bottom off 1.3555 by KBC Bank
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
Majors at a Glance
- EUR/USD
- Continues to move down below pivot level 1.3778
07/18/2007 10:55 GMT - GBP/USD
- Moves down below first resistant level 2.0510
07/18/2007 10:55 GMT - USD/CHF
- Moves up above pivot level 1.2012
07/18/2007 10:55 GMT - USD/JPY
- Moves up toward pivot level 122.14
07/18/2007 10:55 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 18 | 12:30 | Consumer Price Index (YoY) | 2.6% | 2.7% |
| Jul 18 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.1% |
| Jul 18 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.2% | 2.2% |
| Jul 18 | 12:30 | Consumer Price Index (MoM) | 0.2% | 0.7% |
US economic indicators - PPI and CPI only likely to have risen moderately, partly due to lower gasoline prices by BHF-Bank
In the last three months, consumer prices have gone up sharply as well, by a total of 2% since January. But core CPI has slowed down considerably, with monthly rates of 0.13% on average.
[ Full Story ]Top Market Movers Review
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 18 | 09:00 | Trade Balance s.a. | €1.7B | €2.2B | €2.3B |
Euro zone May trade surplus 1.7 bln eur vs surplus 2.3 bln in April (Thomson Financial News)
The euro zone posted a provisional unadjusted trade surplus of 1.7 bln eur in May compared with a revised surplus of 2.3 bln in April, EU statistics office Eurostat said. Eurostat had originally estimated a 1.8 bln eur surplus for April.
[ Full Story ]- Read the Euro area external trade surplus 1.7 bn euro at Eurostat
- Euro Zone May Trade Balance narrows on the month, improves on the year (FXstreet.com)
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 18 | 08:30 | Bank of England Minutes | - | - | - |
European Market Update - Minutes Show that BOE Voted 6-3 to Raise Rates on July 5 by Trade The News
The minutes from the July 5 policy-setting meeting showed that the Bank of England voted 6 to 3 to raise rates by 25 basis points to 5.75% as was widely expected by market participants.
[ Full Story ]- Read the MPC minutes: July 2007 at BoE
- DATAWATCH BoE focus seen shifting away from labour mkt as UK wages stay benign (Thomson Financial News)
- Forex - Pound slips below 2.05 usd as BoE minutes show split vote UPDATE (Thomson Financial News)
- UK gilts rise after BoE minutes show split vote in July rate hike (Thomson Financial News)
Daily Forex Commentary - BoE Minutes Today by Jyske Bank
Daily Trading Strategy - Do you think Soros is monitoring the GBP/USD? by MVDForex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 18 | 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Jun) | 0% | 0.1% | 0.3% |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Jun) | 2.5% | 2.6% | 2.2% | |
| 11:00 | CA | Consumer Price Index (MoM) (Jun) | -0.2% | 0.2% | 0.4% | |
| 11:00 | CA | Consumer Price Index (YoY) (Jun) | 2.2% | 2.5% | 2.2% | |
| 12:30 | US | Building Permits (MoM) (Jun) | 1.48M | 1.52M | ||
| 12:30 | US | Consumer Price Index (MoM) (Jun) | 0.2% | 0.7% | ||
| 12:30 | US | Consumer Price Index (YoY) (Jun) | 2.6% | 2.7% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Jun) | 0.2% | 0.1% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Jun) | 2.2% | 2.2% | ||
| 12:30 | US | Housing Starts (YoY) (Jun) | 1.450M | 1.474M | ||