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EUROPEAN Trading Newsletter
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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
US Pre-Market Open
Expert: Ed Ponsi
Start: Thu, Jun 7, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| 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: Europe
EUR/USD
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
EUR/USD Open 1.3495 High 1.3563 Low 1.3473 Close 1.3513. Trading yesterday was quiet and the Euro was trading in the range 1.3484 - 1.3536 US Dollars. This morning the currency pair was exchanging at levels 1.3493 - 1.3507.
- 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:
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Daily Forex Commentary - Have we seen the top yet? by Jyske Bank
Currency Majors Technical Analysis - EUR USD is in a range between 1,3490 and 1,3540 by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves down toward first support level 1.3479
06/07/2007 07:24 GMT - GBP/USD
- Moves down below pivot level 1.9929
06/07/2007 07:24 GMT - USD/CHF
- Moves up above first resistant level 1.2184
06/07/2007 07:25 GMT - USD/JPY
- Continues to move up above first resistant level 121.42
06/07/2007 07:25 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
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 7 | 11:00 | BOE Interest Rate Decision | 5.5% | 5.5% |
ECB and BoE meeting Preview by FXstreet.com
On Thursday the 7th it's the turn for the BoE (Bank of England) that it's widely expected to keep interest rates on hold at a 5.50%. Cable will get volatile ahead and after the release, as it is not a guaranteed issue that the BoE will keep rates on hold.
[ Full Story ]Top Market Movers Review
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 7 | 01:30 | Unemployment Rate | 4.2% | 4.4% | 4.4% |
| Jun 7 | 01:30 | Employment Change | 39.4 | 11.3K | 49.6K |
Asia Market Update - Aussie jobs market continues to blow away expectations by Trade The News
Aussie jobs market continues to blow away expectations: (AU MAY EMPLOYMENT CHANGE: 39.4K V 10.0K expected; UNEMPLOYMENT RATE: 4.2% V 4.4% expected; Unemployment rate at a record low).
[ Full Story ]- Read the Labour Force report at Australian Bureau of Statistics
- Australia jobless rate falls to fresh record low of 4.2 pct in May vs 4.4 pct (AFX News)
- DATA SNAP: Australian May Unemployment Rate 4.2% (Dow Jones)
New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 6 | 21:00 | RBNZ Interest Rate Decision | 8.00% | - | 7.75% |
Overnight Briefing: Far East Timezone - New Zealand raised rates by Jyske Bank
New Zealand's central bank raised interest rates on Thursday by a quarter of a point to 8 %, the highest among industrialised countries, saying it was worried robust consumer demand would further fuel inflation.
[ Full Story ]- Read the Official Cash Rate report at Reserve Bank of New Zealand
- New Zealand central bank raises cash rate 25 bps, sends currency to 22-yr high (AFX News)
Weekly Commentary - Good to go by Westpac Institutional Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 7 | 01:30 | AU | Employment Change (May) | 39.4 | 11.3K | 49.6K |
| 01:30 | AU | Unemployment Rate (May) | 4.2% | 4.4% | 4.4% | |
| 05:45 | CH | Unemployment Rate (May) | 2.7% | 2.8% | 2.9% | |
| 06:30 | BR | Interest Rate Decision | 12.0% | 12.5% | ||
| 11:00 | UK | BOE Interest Rate Decision | 5.5% | 5.5% | ||
| 12:30 | US | Initial Jobless Claims (Jun 2) | 305K | 310K | ||
| 14:00 | US | Wholesale Sales (MoM) (Apr) | 1.0% | 1.8% | ||
| Jun 8 | 06:00 | DE | Current Account (Apr) | 12.2 | 17.2 | |
| 06:00 | DE | Trade Balance (Apr) | 15.0 | 18.4B | ||
| 08:30 | UK | Industrial Production (MoM) (Apr) | 0.2% | 0.3% | ||