Tuesday, Jun 05, 07:28 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jun 5, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies? - Small Dollar Watch
Expert: Tony Juste
Start: Tue, Jun 5, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, Jun 5, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Jun 5, 10:00 GMT | What moves currencies? - Small Dollar Watch | Tony Juste | WBN | |
| Tue, Jun 5, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN |  |
| Tue, Jun 5, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
Current Session: Europe
EUR/JPY
Daily Technical Analysis - JPY: An unstable ‘wedge' formation as we squeeze towards January's high at 122.20 by Mizuho Corporate Bank
Not going according to plan as we nudge to a new all-time high at 164.51. This pair still looks over-stretched and would benefit from a bout of correction and consolidation. We continue with our extremely cautious stance. Expect another cautious upside probe this morning and then a pullback to 163.00. Below 162.60 may set off some small sell-stops.
- 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:
Forex Technical Analysis - EUR/USD:(1.3500) Currently back in the LT channel of 1.2877 by KBC Bank
Today's Technical Trading Points by Danske Bank A/S
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by FXtechtrade
Currencies at a Glance
- EUR/USD
- Floating around yesterday high 1.3498 , above pivot level 1.3473
06/05/2007 07:11 GMT - GBP/USD
- Floating around yesterday high 1.9925 , above pivot level 1.9884
06/05/2007 07:11 GMT - USD/CHF
- Stays below opening price level 1.2234 , below pivot level 1.2253
06/05/2007 07:11 GMT - USD/JPY
- Moves up above pivot level 121.80
06/05/2007 07:11 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**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 USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Jun 5 | 08:00 | Purchasing Manager Index Services | 57.2 | 57.0 |
Friday Notes - EMU Inflation To Remain Sticky by HVB Group
After four consecutive declines, we expect the euro-zone services PMI to have slightly increased to 57.2 in May. The good services performance underpins our view that the eurozone economy will keep growing above trend also in Q2.
[ Full Story ]Top Market Movers Review
Australia CURRENT ACCOUNT BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 5 | 01:30 | Current Account Balance | -15380 | -14785M | -15096M |
DATA SNAP: Australia 1Q Curr Acct Deficit A$15.38B (Dow Jones)
Australia's current account deficit narrowed to a seasonally adjusted A$15.38 billion in the first quarter of 2007 from a A$15.50 billion deficit in the fourth quarter 2006, the Australian Bureau of Statistics said Tuesday. Economists on average expected a current account deficit after seasonal adjustment of A$14.7 billion in the first quarter.
[ Full Story ]- Read the Current Account report at Australian Bureau of Statistics
- Australia Q1 current account deficit adj 15.381 bln aud vs 15.502 in Q4 (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 5 | 01:30 | AU | Current Account Balance (1Q) | -15380 | -14785M | -15096M |
| 07:55 | DE | Purchasing Manager Index Services (May) | 57.8 | 57.8 | ||
| 08:00 | EMU | Purchasing Manager Index Services (May) | 57.2 | 57.0 | ||
| 08:30 | UK | Purchasing Manager Index Services (May) | 57.0 | 57.2 | ||
| 09:00 | EMU | Retail Sales (MoM) (Apr) | 0.5% | |||
| 09:00 | EMU | Retail Sales (YoY) (Apr) | 2.6% | |||
| 14:00 | US | ISM Non-Manufacturing (May) | 57 | 56 | ||
| 23:30 | AU | RBA Interest Rate Decision | 6.25% | 6.25% | ||
| Jun 6 | 05:00 | JP | Leading Economic Index (Apr)  | 20.0 | 36.4 | |
| 10:00 | DE | Factory Orders (MoM) (Apr) | -1.5% | 2.4% | ||