Wednesday, Jun 06, 16:57 GMT
ASIA-PACIFIC Trading Newsletter
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- The Advisor Weblog: Carry blues
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Live Sessions Schedule
What moves currencies? - More CB Action, Time for the BoE Announcement
Expert: Tony Juste
Start: Thu, Jun 7, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Combining Indicators and Ocsilators with True Support and Resistance
Expert: Sam Seiden
Start: Thu, Jun 7, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Wed, Jun 6, 21:00 GMT | FX Daily Wrap Up  | Derek Frey | WBN |  |
| Thu, Jun 7, 10:00 GMT | What moves currencies? - More CB Action, Time for the BoE Announcement | Tony Juste | WBN | |
| Thu, Jun 7, 12:00 GMT | US Pre-Market Open | Ed Ponsi | WBN | |
| Thu, Jun 7, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
| Thu, Jun 7, 15:00 GMT | Combining Indicators and Ocsilators with True Support and Resistance | Sam Seiden | WBN | |
Current Session: U.S.
EUR/USD
Daily Forex Technical Report - All Eyes on ECB by ActionForex.com
EUR/USD's rise from 1.3391 stalls after breaking short term falling trend line (now at 1.3523) briefly. Nevertheless, intraday bias will remain on the upside as long as 1.3487 holds.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Trade Alert/Idea (intraday): EUR/USD & EUR/CHF by Tony Juste
- 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:
EUR/JPY Daily Technical Forex - EUR/JPY Daily Technical Forex by Stoploss.ch
Daily Technical Analysis - EUR/JPY: Very mixed despite nudging to a new all-time high at 164.62 by Mizuho Corporate Bank
Action Bias Summary Table - Action Bias Summary Table by ActionForex.com
Currencies at a Glance
- EUR/USD
- Trades around first support level 1.3489
06/06/2007 16:43 GMT - GBP/USD
- Moves down below pivot level 1.9935 , trades with narrow daily range
06/06/2007 16:43 GMT - USD/CHF
- Stays below opening price level 1.2179 , below pivot level 1.2194
06/06/2007 16:43 GMT - USD/JPY
- Trades around first support level 121.03
06/06/2007 16:43 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
USD GBP, Hourly
Top Market Movers Preview
New Zealand RBNZ OFFICIAL CASH RATE
| Date (GMT) | Event | Cons. | Previous | |
| Jun 6 | 21:00 | RBNZ Official Cash Rate | 7.75% | 7.75% |
Weekly Commentary - Good to go by Westpac Institutional Bank
The OCR will be raised 25bp to 8.00% on June 7, and we expect another hike before year-end. We put the probability of a June 7 hike at 60%.
[ Full Story ]Top Market Movers Review
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 6 | 12:30 | Nonfarm Productivity | 1.0% | 1.3% | 2.1% |
DATA SNAP: 1Q Productivity Revised Lower As Expected (Dow Jones)
U.S. productivity in the first quarter grew at a rate lower than originally estimated, while unit labor costs rose more than expected and were also adjusted higher for the prior quarter. Non-farm business productivity climbed at an unsurprising 1.0% rate between January and March compared to the prior quarter.
[ Full Story ]- Read the Productivity and Costs at Labor Department
- US Q1 productivity revised lower to 1.0 pct rise, unit labor costs up 1.8 pct (AFX News)
- Table Of Productivity Data From Labor Dept. (Dow Jones)
- Table Of Productivity Data From Labor Dept. (Dow Jones)
The Week Ahead - ISM Services, Productivity & ULC, Wholesale Inventories & Trade Balance by BBVA Bancomer
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 6 | 11:45 | ECB Interest Rate Decision | 4.00% | 4.00% | 3.75% |
ECB Raises Refi Rate To 4.00% From 3.75% (Dow Jones)
The European Central Bank raised interest rates 25 basis points Wednesday, just as markets had expected. The ECB increased the key refinancing minimum bid rate to 4.00% from 3.75%. Likewise, it raised the deposit rate to 3.00% from 2.75%, and the marginal lending rate to 5.00% from 4.75%.
[ Full Story ]- ECB hikes refi rate to 4.00 pct from 3.75, as expected (AFX News)
- Forex - Euro steady ahead of ECB rate announcement (AFX News)
ECB and BoE meeting Preview by FXstreet.com
ECB: In neutral range with room for more by Danske Bank A/S
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 6 | 09:30 | UK | BRC Shop Price Index (YoY) (May) | 0.4% | 0.8% | |
| 10:00 | DE | Factory Orders (MoM) (Apr) | -1.2% | -1.5% | 2.4% | |
| 10:00 | DE | Factory Orders (YoY) (Apr) | 11.7% | 9.0% | 9.9% | |
| 11:45 | EMU | ECB Interest Rate Decision | 4.00% | 4.00% | 3.75% | |
| 12:30 | US | Nonfarm Productivity (1Q) | 1.0% | 1.3% | 2.1% | |
| 12:30 | EMU | Trichet Speaks at ECB Monthly News Conference | ||||
| 12:30 | US | Unit Labor Costs (1Q) | 1.8% | 1.0% | 0.6% | |
| 14:00 | CA | Ivey Purchasing Managers Index (May) | 62.7 | 64.0 | 60.9 | |
| 21:00 | NZ | RBNZ Official Cash Rate | 7.75% | 7.75% | ||
| Jun 7 | 01:30 | AU | Employment Change (May) | 11.3K | 49.6K | |