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Forex Blogs
Forex Trading Today: The Dollar Weakness Continues Due to Sentiment by Tim Salem
We arrive at The Opening Bell of the NYSE, as The Dow and S&P 500 are in "Flat to Slightly Positive" Territory. Short−Term Bond Yields continue to Rise and subsequently are increasingly Negative for Equities and The Dollar, as Rhetoric for increasing Interest Rates is floating around out there as well.
The Advisor Blog: Gbp/Usd regaining the upside by Valeria Bednarik
Trading for a Living: Pound Recovers As Brown Hangs On by David Aranzabal
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Live Sessions Schedule
Understanding Market Rhythm − Part 2
Expert: Lea Peters
Start: Tue, Jun 9, 19:00 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Wed, Jun 10, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 9, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Jun 9, 19:00 GMT | Understanding Market Rhythm − Part 2 | Lea Peters | WBN |  |
| Wed, Jun 10, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Wed, Jun 10, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Wed, Jun 10, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
Current Session: U.S.
U.S. Update: Greenback slipped back
FXstreet.com Independent Analyst Team − With Wall Street struggling around the opening, and tending lower greenback continues under strong pressure across the board. Correlations are not clear at this point, and seems that after due corrections, longer bearish dollar trend could well resume from actual levels, after Non Farm Payrolls noise. Euro key level to watch will be around 1.4040 and Gbp 1.6330, both probable tops for the rest of the day, if majors manage to continue.
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EUR/USD: Pair could extend current rally to the 1.4010 zone by FXstreet.com Independent Analyst Team
Bullish in the hourly and in bigger time frames, pair could extend current rally to the 1.4010 zone, first resistance and 60 EMA in 4 hours charts. Above that level, rally could extend to 1.4030 zone, 200 EMA in the hourly, where the pair will start giving exhaustion sings in smaller time frames.
USD/JPY
Daily Forex News − The general trend points to further gains by ACM − Advanced Currency Markets
Yen acts as a risk barometer which has seen the pair rise in recent sessions following last week's NFP's. The general trend points to further gains, however a 1 year weekly chart shows the range bound nature of the pair – further consolidation would point to a change in sentiment..
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
US ABC/WASHINGTON POST CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Jun 9 | 21:00 | ABC/Washington Post Consumer Confidence | - | -49 |
US economic indicators - ABC consumer comfort poll has deteriorated by BHF−Bank
However, given that the ABC consumer comfort poll has deteriorated by seven points in the last three weeks, we predict that the University of Michigan's preliminary June consumer sentiment will have dropped from 68.7 to about 68.0.
[ Full Story ]Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 9 | 14:00 | Wholesale Inventories | -1.4% | -1.1% | -1.8% |
DATA SNAP: US Wholesalers in April Cut Inventories Again (Dow Jones)
[ Full Story ]- Read the Wholesale Inventories data at Census Bureau
- US Wholesale Inventories down 1.4% in Apr (FXstreet.com)
US economic indicators - We expect declines in wholesale and retail inventories by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 9 | 14:00 | US | Wholesale Inventories (Apr) | -1.4% | -1.1% | -1.8% |
| 14:30 | US | Treasury's Geithner Speech | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jun 7) | -49 | |||
| 23:50 | JP | Core Machinery Orders (MoM) (Apr) | -0.2% | -1.3% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (May) | -0.3% | -0.4% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (May) | -5.1% | -3.8% | ||
| Jun 10 | 00:30 | AU | Westpac Consumer Confidence (Jun) | -4.3% | ||