Friday, Jul 10, 10:49 GMT
U.S. Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
To Get Started
- Learning Center: New chapter online, Fundamental Analysis is out. Check it out!
- WEBINAR VIDEOS: Watch our webinars recordings: more than 160 educational videos FOR FREE!
- All the events of the day in our Economic Calendar
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.
Forex Blogs
Trading for a living − Eur falls at the Frankfurt opening by David Aranzábal
Eur broke the Asian support before the Frankfurt opening and the price was paying at that level till the French Industrial Production, that came before than expected. But the market went down after the good report (That means that the market wanted to go down because bullish dollar sentiment).
FX Path: NFA FIFO Rule for Forex by James Chen
The Trader's Edge: EUR/USD - The (Little) Bigger Picture by Ross Yamashita
Share your opinions with your fellow traders at FXstreet.com Forum
Sponsored by 
Live Sessions Schedule
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jul 10, 15:00 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Jul 13, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jul 10, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Jul 13, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Jul 13, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Mon, Jul 13, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
Current Session: Europe − U.S.
The Near Zero Interest Rate Club
Swiss e Trade − Never before has the world commonly undertaken such efforts to kick their respective economies onto the path of recovery. The Bank of England, for instance, lowered their interest rates to the lowest levels since the foundation of the institute 250 years ago. And even the reluctant ECB admits it had to throw in the towel. True, the AUD and the NZD are still having an interest rate premium over the rest of the world, but the market thinks it is only a matter of time until they have to give in, too. What does that mean for Forex?
USD/CHF
USD/CHF keeps on trading in a zigzag movement by Varengold Bank
After the currency pair touched during its youngest bearish movement the S1 pivot point, it rebounded and aimed its pivot point at 1.0828 again. The Momentum indicator shows also a sign for a further recovering phase. If the Momentum could cross its zero level, it may boost the bulls.
Stocks
European markets decline on banking system concern; Dollar higher by FXstreet.com
Stocks market in Europe is falling today on banking system concern as German Finance Minister warns for a credit crunch, risk aversion and commodities decreases. Dollar is higher today except Yen again.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jul 10 | 12:30 | Trade Balance | -$30.00B | -$29.16B |
US economic indicators - Trade balance (May): higher deficit mainly due to rising energy prices by BHF−Bank
After having widened slightly in April, the trade deficit is likely to have risen again due to higher energy prices. We expect it to have increased by $1.8bn to $31bn in May. Both exports and imports will have fallen noticeably again due to weak global demand and automobile factory shutdowns.
[ Full Story ]Sunrise Market Commentary: Currencies - FX: BoE decision blocks EUR/GBP rebound by KBC Bank
Currency Trading News - US Dollar, Japanese Yen Lose Out in Day of Retracements as S&P 500 Stubbornly Holds Above 880 by DailyFX
Top Market Movers Review
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 10 | 08:30 | Producer Price Index − Input (YoY) n.s.a | -11.0% | - | -9.4% |
| Jul 10 | 08:30 | Producer Price Index − Input (MoM) s.a | 1.5% | 0.8% | 0.4% |
| Jul 10 | 08:30 | Producer Price Index − Output (YoY) n.s.a | -1.2% | - | -0.3% |
| Jul 10 | 08:30 | Producer Price Index − Output (MoM) n.s.a | -0.2% | 0.3% | 0.4% |
DATA SNAP:UK June Output PPI Falls YY For 2nd Straight Month (Dow Jones)
[ Full Story ]- Read the official data at Office for National Statistics
- UPDATE: UK Output PPI YY Fall Led By Record Crude Price Drop (Dow Jones)
- UK Jun Output PPI declines 0.2%; falls 1.2% YoY (FXstreet.com)
- UK Jun Input PPI rises 1.5%; collapses 11.0% YoY (FXstreet.com)
Sunrise Market Commentary: Currencies - FX: BoE decision blocks EUR/GBP rebound by KBC Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 10 | 00:00 | G8 Meeting | ||||
| 06:00 | DE | Wholesale Price Index (YoY) | -8.8% | -8.9% | ||
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (Jun) | 1.5% | 0.8% | 0.4% | |
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Jun) | -11.0% | -9.4% | ||
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Jun) | -0.2% | 0.3% | 0.4% | |
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (Jun) | -1.2% | -0.3% | ||
| 11:00 | CA | Net Change in Employment (Jun) | -34.3K | -41.8K | ||
| 11:00 | CA | Unemployment Rate (Jun) | 8.7% | 8.4% | ||
| 12:30 | US | Import Price Index (MoM) (Jun) | 1.8% | 1.3% | ||
| 12:30 | US | Import Price Index (YoY) (Jun) | -17.6% | |||