Monday, Aug 06, 11:43 GMT
U.S. Trading Newsletter
To Get Started
- Website Renewed! All the Forex Market news and research also in Spanish
- ECB and BoE meeting Review by FXstreet.com
- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
- Live Coverage of FOMC US Interest Rate Announcement with Jerry Furst
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 6, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, Aug 7, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 6, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN |  |
| Mon, Aug 6, 13:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
| Mon, Aug 6, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Aug 6, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN |  |
| Mon, Aug 6, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN |  |
Current Session: Europe - U.S.
EUR/USD
Bank Recomendations - SEB Technical Analysis Team, Mizuho Corporate Bank by Finotec Group Inc
Violation above $1.3730 and more importantly $1.3775 has ended what became nothing more than a three-wave structure to the downside and from here a fresh high looks probable. Above $1.3850 a 50 percent extension point and the high in a respected 22-day price channel sets focus on $1.3910.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- 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:
Weekly Forex Column - Market Directions by FX Solutions
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
Daily Analysis - Dollar Falls against the Euro on Growth Concerns in USA by Finotec Group Inc.
Majors at a Glance
- EUR/USD
- Back around opening price level 1.3804 , above pivot level 1.3758
08/06/2007 10:58 GMT - GBP/USD
- Moves down toward second support level 2.0276
08/06/2007 10:58 GMT - USD/CHF
- Back around opening price level 1.1872 , below pivot level 1.1947
08/06/2007 10:58 GMT - USD/JPY
- Moves up above first support level 117.55
08/06/2007 10:58 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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Aug 7 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 5.1% | 4.6% |
| Aug 7 | 10:00 | Industrial Production s.a. (MoM) | 0.5% | 1.9% |
Friday Notes - Weathering the storm by HVB Group
The UniCredit-Reuters tool points to a 0.7% decline m-om in industrial production. After the volatile preceding months, which were influenced – in some cases strongly – by problems with the seasonal and calendar adjustment, the annualized rate is settling at roughly 4%. The still high order cushion argues against a further cooling of the production dynamic in the coming months.
[ Full Story ]Top Market Movers Review
Germany FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 6 | 10:00 | Factory Orders (MoM) | 4.6% | -0.6% | 3.0% |
| Aug 6 | 10:00 | Factory Orders (YoY) | 15.9% | 10.4% | 7.5% |
German factory orders soar in June (FXstreet.com)
Factory orders have grown larger than expected in June lead by a sharp advance on international big ticket orders, as the latest data by the German Economics Ministry shows.
[ Full Story ]- Germany: New Orders - June Federal Ministry of Economics
- German Manufacturing Orders Surge 4.6% On Month In June -2- (Dow Jones)
- German June manufacturing orders up 4.6 pct vs May; consensus down 0.8 pct (Thomson Financial News)
- Germany Factory Orders grow 4.6% in June; 15.9% up on the year (FXstreet.com)
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 6 | 08:30 | Industrial Production (MoM) | 0.1% | 0.1% | 0.6% |
| Aug 6 | 08:30 | Industrial Production (YoY) | 0.8% | 0.8% | 0.5% |
DATA SNAP:UK Mfg Output Marks Longest Growth Period In 8 Yrs (Dow Jones)
U.K. manufacturing activity increased steadily in June, marking its longest uninterrupted period of growth in almost eight years, data from the Office for National Statistics showed Monday.
[ Full Story ]- Industrial Production Official report by National Statistics
- UK Industrial Production Table of Data For June (Dow Jones)
- UK June manufacturing output up 0.2 pct vs May, fourth consecutive monthly rise (Thomson Financial News)
- UK industrial production edges up in June (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 6 | 08:30 | UK | Industrial Production (MoM) (Jun) | 0.1% | 0.1% | 0.6% |
| 08:30 | UK | Industrial Production (YoY) (Jun) | 0.8% | 0.8% | 0.5% | |
| 10:00 | DE | Factory Orders (MoM) (Jun) | 4.6% | -0.6% | 3.0% |
|
| 10:00 | DE | Factory Orders (YoY) (Jun) | 15.9% | 10.4% | 7.5% | |
| 23:00 | UK | GDP Estimate (Jul) | 0.7% | |||
| Aug 7 | 03:00 | NZ | ANZ Commodity Price (Jul) | 6.1% | ||
| 10:00 | DE | Industrial Production s.a. (MoM) (Jun) | 0.5% | 1.9% | ||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jun) | 5.1% | 4.6% | ||
| 12:30 | US | Nonfarm Productivity (2Q) | 2.1% | 1.0% | ||
| 12:30 | US | Productivity Preliminar (2Q) | 2% | 1% | ||