Tuesday, Aug 07, 11:16 GMT
U.S. Trading Newsletter
To Get Started
- Website Renewed! All the Forex Market news and research also in Spanish
- Fed Meeting Preview 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
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Aug 7, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Becoming a Professional Trader - II: Developing a Profitable Trading System in 6 Steps
Expert: Markus Heitkoetter
Start: Tue, Aug 7, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 7, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Tue, Aug 7, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
| Tue, Aug 7, 16:00 GMT | Becoming a Professional Trader - II: Developing a Profitable Trading System in 6 Steps | Markus Heitkoetter | WBN | |
| Tue, Aug 7, 17:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN |  |
| Wed, Aug 8, 11:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
Current Session: Europe - U.S.
USD/JPY
Forex Daily Analysis - 07/08/'07 - U.S Interest Rate on Tap by ForexYard
The JPY advanced to its highest level in more than 2 weeks against the USD as a slide in Asian stocks and the problematic US housing market encouraged traders to scale back investments in emerging markets funded by borrowing in Japan.
- 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:
Daily Forex Technical Report - Would Dollar be Sent Lower by Dovish FOMC Statement? by ActionForex.com
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
Daily technical research by FX Instructor
Majors at a Glance
- EUR/USD
- Back around opening price level 1.3791 , below pivot level 1.3804
08/07/2007 10:39 GMT - GBP/USD
- Continues to move down toward first support level 2.0239
08/07/2007 10:39 GMT - USD/CHF
- Trades around opening price level 1.1912 , above pivot level 1.1884
08/07/2007 10:39 GMT - USD/JPY
- Continues to trade around opening price level 118.86 , above pivot level 118.38
08/07/2007 10:39 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 FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Aug 7 | 18:15 | Fed Interest Rate Decision | 5.25% | 5.25% |
Fed Meeting Preview by FXstreet.com
US Government is still worried about inflation, but as economic performance matches Fed’s expectations, it's not probable that a rate hike is given on this Meeting. The last hike was seen on June '06 when they hiked to the actual 5.25%.
- Forex - US dollar steady in mid-Asian trade awaiting Federal Reserve meeting (Thomson Financial News)
FOMC August 7th Meeting by BBVA Bancomer
U.S: FOMC - Preview of policy meeting by Danske Bank A/S
Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 7 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 5.1% | 5.1% | 5.7% |
| Aug 7 | 10:00 | Industrial Production s.a. (MoM) | -0.4% | 0.5% | 1.9% |
German Industrial output decreases in June against expectations (FXstreet.com)
June’s industrial production has posted disappointing readings in June, on the back of a weaker than expected contribution from the construction sector, as data by the German Economics Ministry shows.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 6 | 23:00 | UK | GDP Estimate (Jul) | 0.8% | 0.7% | |
| Aug 7 | 03:00 | NZ | ANZ Commodity Price (Jul) | 4.7% | 6.1% | |
| 10:00 | DE | Industrial Production s.a. (MoM) (Jun) | -0.4% | 0.5% | 1.9% | |
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jun) | 5.1% | 5.1% | 5.7% |
|
| 12:30 | US | Nonfarm Productivity (2Q) | 2.1% | 1.0% | ||
| 12:30 | US | Productivity Preliminar (2Q) | 2% | 1% | ||
| 12:30 | US | Unit Labor Costs (2Q) | 1.7% | 1.8% | ||
| 18:15 | US | Fed Interest Rate Decision | 5.25% | 5.25% | ||
| 19:00 | US | Consumer Credit (Jun) | $7.0 | $12.9 | ||
| 23:30 | AU | RBA Cash Target (Aug) | 6.50% | 6.25% | ||