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EUROPEAN Trading Newsletter
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Live Sessions Schedule
What moves currencies? - Weekly Wrap-Up
Expert: Tony Juste
Start: Fri, Jun 8, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
The Contest Webinar
Expert: Raghee Horner
Start: Fri, Jun 8, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Fri, Jun 8, 10:00 GMT | What moves currencies? - Weekly Wrap-Up | Tony Juste | WBN | |
| Fri, Jun 8, 11:00 GMT | The Contest Webinar  | Raghee Horner | WBN | |
| Fri, Jun 8, 14:00 GMT | Live Trading with the FX Advisor | Tony Juste | WBN | |
| Fri, Jun 8, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
The dollar extended its gain accross the board on yesterday and 3 support levels failed to hold the Euro. Support is now seen at 1.3420 backed by 1.3390 and 1.3360. Resistance emerges at 1.3435 followed by 1.3465, 1.3490 and 1.355. Daily sentiment is bearish, hourly is neutral.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Technical Trigger: USD/CHF - CCI regular divergence 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 Forex Commentary - SEK – Cloudy outlook by Jyske Bank
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
Currency Majors Technical Analysis - Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves down toward first support level 1.3399
06/08/2007 07:17 GMT - GBP/USD
- Moves down below last week low 1.9734 , toward first support level 1.9703
06/08/2007 07:17 GMT - USD/CHF
- Moves up toward first resistant level 1.2284
06/08/2007 07:17 GMT - USD/JPY
- Trades around pivot level 121.10
06/08/2007 07:17 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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 8 | 10:00 | Industrial Production s.a. (MoM) | 0.5% | -0.1% |
Friday Notes - EMU Inflation To Remain Sticky by HVB Group
The unexpected decline in March was driven by a strong correction of adjusted construction output after the mild winter. Production in manufacturing has, in contrast, continued to expand and triggered a further increase in industrial production in April.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 8 | 06:00 | Trade Balance | 15.0B | 15.0 | 18.5B |
| Jun 8 | 06:00 | Current Account | 9.6B | 12.2 | 17.6 |
DATA SNAP: German Apr Trade Surplus Below Expectations (Dow Jones)
Germany's trade surplus narrowed more than expected in April to EUR15.0 billion from EUR18.5 billion in March, data released by the Federal Statistics Office showed Friday. The trade surplus of EUR15.0 billion was below the consensus forecast of EUR15.4 billion in a Dow Jones Newswires survey of 11 analysts.
[ Full Story ]- Read the report: German exports in April 2007: +13.1% on April 2006 at Federal Statistics
- German April trade surplus 15.0 bln eur vs 18.5 bln in March UPDATE (AFX News)
- DATA SNAP: German April Trade Surplus Below Expectations -2 (Dow Jones)
- German trade surplus decreases in April (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 8 | 06:00 | DE | Current Account (Apr) | 9.6B | 12.2 | 17.6 |
| 06:00 | DE | Trade Balance (Apr) | 15.0B | 15.0 | 18.5B |
|
| 08:30 | UK | Industrial Production (MoM) (Apr) | 0.2% | 0.3% | ||
| 08:30 | UK | Industrial Production (YoY) (Apr) | 0.6% | -0.2% | ||
| 10:00 | DE | Industrial Production s.a. (MoM) (Apr) | 0.5% | -0.1% | ||
| 10:00 | EMU | Leading Indicator Index (Apr) | 109.7 | |||
| 11:00 | CA | Net Change in Employment (May) | 17.0K | -5.2K | ||
| 11:00 | CA | Unemployment Rate (May) | 6.1% | 6.1% | ||
| 12:15 | CA | Housing Starts (YoY) (May) | 215.0K | 211.9K | ||
| 12:30 | US | Trade Balance | -$63.50B | -$63.89B | ||