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Forex Blogs
Forex Trading Today: EUR/USD Illustrates the Slight Corrections Beginning in Most Units by Tim Salem
We are about 5 Minutes ahead of the NYSE Open… where U.S. Equity Futures are relatively "Flat" and bidding lower by about 55/50 as of this Writing.
FX Market Readings: Downward stop hunt before upward stop hunt during US session by Dr.S. Sivaraman
The Disciplined Trader: Is appetite growing for USD?by Pierre Charlebois
FxBootcamp: FOREX VIDEO REVIEW: London Session June 3, 2009 by Christian Stephens
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jun 3, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Thu, Jun 4, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jun 3, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Jun 3, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jun 4, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Thu, Jun 4, 10:00 GMT | Multiple Time Frame Analysis To Help Better Your Odds | Sam Seiden | WBN | |
| Thu, Jun 4, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
FXstreet.com Independent Analyst Team −With Wall Street on negative territory, and commodities far from these day's highs, dollar will probably continue rising thus bearish trend remains strong. Current movements are corrective, and we have a long way to go, before seeing dollar came back strong. Cable has reached exactly the 14.6% retracement of the daily Fibonacci rally, 1.4395/1.6662. Despite the 200 pips fall, sentiment keeps Gbp well bid and tending higher.
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EUR/USD
EUR/USD broke key support at 4−hour 20 SMA by FXstreet.com Independent Analyst Team
Pair started a corrective movement and is breaking through a key support level, 20 SMA in 4 hours charts, while hourly indicators suggest further downside continuation in the pair.
USD index
Currency Trading Majors Pairs − US Dollar Index by Master The Markets
Yesterday's wide spread down bar on the US dollar index, simply added further momentum ( if any were needed) to the continuing and relentless pressure being applied to the US dollar at the moment, and it is hard to see at present where this will end.
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
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 4 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% |
Economics Weekly - BoE and ECB interest rate decisions, US employment report due by Lloyds TSB Financial Markets
BoE MPC members have been reining in optimism about economic recovery, warning that the path back to growth will be long and is clouded by an unusual degree of uncertainty.
[ Full Story ]Live Daily Broadcast - Today's Live Show: Focusing on the EUR and the GBP Ahead of ECB and BoE Announcements by AllThingsForex
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 4 | 11:45 | ECB Interest Rate Decision | 1% | 1% |
ECB preview: Wait and see from the ECB? by Easy Forex
The ECB policy board meets on Thursday June 4th. At the May ECB policy meeting the ECB lowered interest rates to a historic low of 1% from 1.25%, announced a plan to buy 60 bln EUR in covered bonds and extended liquidity auctions from six to twelve months. The ECB also lowered its growth and inflation forecasts.
[ Full Story ]Live Daily Broadcast - Today's Live Show: Focusing on the EUR and the GBP Ahead of ECB and BoE Announcements by AllThingsForex
Economics Weekly - BoE and ECB interest rate decisions, US employment report due by Lloyds TSB Financial Markets
Top Market Movers Review
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 3 | 14:00 | ISM Non−Manufacturing | 44.0 | 45.0 | 43.7 |
DATA SNAP: May ISM Service Sector Index Ticks Up (Dow Jones)
The Institute for Supply Management, a private research group, reported Wednesday that its NMI/PMI index stood at 44.0, from 43.7 in April and 40.8 in March.
[ Full Story ]- UPDATE: US Service Sector Shrinks At Slower Pace In May (Dow Jones)
- US ISM Non−Manufacturing reaches 44 in May (FXstreet.com)
Daily Global Commentary - ISM Manufacturing Advances in May, Noteworthy Jump of New Orders Index by Northern Trust
US economic indicators - We expect ISM non−manufacturing to have gone up again by BHF−Bank
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 3 | 12:15 | ADP Employment Change | -532K | -533K | -491K |
ADP Survey Sees May US Private Sector Jobs Down 532,000 (Dow Jones)
Private sector jobs in the U.S. fell by 532,000 slots in May, according to a national employment report published Wednesday by payroll giant Automatic Data Processing Inc. (ADP).
[ Full Story ]- Read the Employment data at ADP
- UPDATE: ADP Survey Sees May US Private Sector Jobs −532K (Dow Jones)
- U.S. ADP advances a net loss of 533K jobs; Euro dips further (FXstreet.com)
- US May ADP Employment Change forecasts −532K (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 3 | 14:00 | US | Fed's Bernanke testifies | |||
| 14:00 | US | ISM Non−Manufacturing (May) | 44.0 | 45.0 | 43.7 | |
| Jun 4 | 01:30 | AU | Trade Balance (Apr) | 1.7B | 2.5B | |
| 02:30 | AU | RBA's Governor Glenn Stevens Speech | ||||
| 03:00 | NZ | ANZ Commodity Price (May) | 2.5% | |||
| 09:00 | EMU | Retail Sales (MoM) (Apr) | 0.2% | -0.6% | ||
| 09:00 | EMU | Retail Sales (YoY) (Apr) | -2.9% | -4.2% | ||
Educational Resources
Practically, whatever your trading strategy is, market rarely goes exactly as planed. And exit point should be known to the trader, before they do enter the market. Later, as market makes some movements, especially if those movements do not match your plans, possible to exit early than your exit point is, but one thing must remain unmovable: do not exit on emotions. Read Tomas Cedavicius' report!
Related Resources
A Discussion About Exit Strategies - Gabe Velázquez's report
Multi-time frames for entry and exit signals in Forex - Webinar recording
Stop Loss - Tomas Cedavicius's report