Monday, Aug 13, 11:27 GMT
U.S. Trading Newsletter
To Get Started
- Website Renewed! All the Forex Market news and research also in Spanish
- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
- FXstreet.com 1st International Traders Conference − Come and meet our renowned Speakers
- Fed Meeting Review by FXstreet.com
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 13, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
London Open: Live Market Analysis with FX Bootcamp
Expert: Wayne McDonell
Start: Tue, Aug 14, 08:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 13, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Aug 13, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Aug 13, 13:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Mon, Aug 13, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Aug 13, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Daily Analysis − 13/08/'07 − USD PPI and Retail Sales by ForexYard
After losing more than 400 pips in the last two weeks, the bearish sentiment continues. The daily charts are showing that there is still more room to run and the hourlies are showing a light oversold status. A preferable strategy might be to look for a good short entry point.
- 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 Technical Analysis − Note the US dollar is slightly oversold and momentum is bearish by Mizuho Corporate Bank
Weekly Forex Signals − Japanese Yen still expecting for good data by Finotec Group Inc
FX Thoughts for the Day − FX Thoughts for the day − Evening − 10−Aug−2007....1130 GMT by Kshitij Consultancy Service
Majors at a Glance
- EUR/USD
- Continues to move down below first support level 1.3655
08/13/2007 09:29 GMT - GBP/USD
- Continues to move down below second support level 2.0102
08/13/2007 09:29 GMT - USD/CHF
- Back around opening price level 1.1982 , above pivot level 1.1977
08/13/2007 09:29 GMT - USD/JPY
- Continues to trade around pivot level 118.11
08/13/2007 09:29 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 JPY, Hourly
Top Market Movers Preview
US RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 13 | 12:30 | Retail Sales ex Autos (MoM) | 0.3% | -0.4% |
| Aug 13 | 12:30 | Retail Sales (MoM) | 0.3% | -0.9% |
Morning Report - USD eases on cautious bearish sentiment by Westpac Institutional Bank
Another decent gain, which along with a 0.3% rise in factory stocks and a likely rise in retail inventories (some of which may be involuntary given June's weak sales) should see a strong enough gain in business stocks to prompt an upward revision to the inventories' contribution to Q2 GDP growth.
[ Full Story ]Top Market Movers Review
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 13 | 08:30 | Producer Price Index − Input (YoY) | 0% | 1.4% | 2.1% |
| Aug 13 | 08:30 | Producer Price Index − Output (YoY) | 2.4% | 2.4% | 2.5% |
| Aug 13 | 08:30 | Producer Price Index − Output (MoM) | 0.2% | 0.3% | 0.3% |
| Aug 13 | 08:30 | Producer Price Index − Input (MoM) | -0.5% | 0.7% | 0.6% |
UK producer prices growth, lower than expected (FXstreet.com)
Inflationary pressures seem to be easing in the United Kingdom, at least at producer level, as prices at factory gates have posted a shorter than expected growth in July, while the prices paid by the manufacturers have decreased, according to data by the Office for National Statistics.
[ Full Story ]- UK July output prices continue to rise, input prices drop (Thomson Financial News)
- UK July PPI Table Of Data (Dow Jones)
- DATA SNAP: UK Factory−Gate Price Pressures Ease In July −2 (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 13 | 08:30 | UK | Producer Price Index − Input (MoM) (Jul) | -0.5% | 0.7% | 0.6% |
| 08:30 | UK | Producer Price Index − Input (YoY) (Jul) | 0% | 1.4% | 2.1% | |
| 08:30 | UK | Producer Price Index − Output (MoM) (Jul) | 0.2% | 0.3% | 0.3% |
|
| 08:30 | UK | Producer Price Index − Output (YoY) (Jul) | 2.4% | 2.4% | 2.5% |
|
| 12:30 | US | Retail Sales (MoM) (Jul) | 0.3% | -0.9% | ||
| 12:30 | US | Retail Sales ex Autos (MoM) (Jul) | 0.3% | -0.4% | ||
| 14:00 | US | Business Inventories (Jun) | 0.4% | 0.5% | ||
| 14:30 | UK | Leading Indicator Index (Jun) | 0.1% | |||
| 22:45 | NZ | Retail Sales (MoM) (Jul) | 0.5% | 1.2% | ||
| 23:50 | JP | Tertiary Industry Index (MoM) (Jun) | -0.2% | -0.1% | ||