Thursday, Jun 21, 07:31 GMT
EUROPEAN Trading Newsletter
To Get Started
- FXstreet.com International Traders Conference: Come to Barcelona! Enjoy the Special Early Bird Discount
- The Signals Tracker: track down the performance of a particular signal provider
- Check out all our Delivery Options
- Kathy Lien's Team is back: Check the next Webinar's schedule
- The Advisor Blog: The USD edges higher
- Visit the rest of our Newsletters and subscribe now!
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
What moves currencies?
Expert: Tony Juste
Start: Thu, Jun 21, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
US Pre-Market Open
Expert: Ed Ponsi
Start: Thu, Jun 21, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, Jun 21, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Thu, Jun 21, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Thu, Jun 21, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
| Thu, Jun 21, 13:30 GMT | Technical Analysis Q&A | Tony Juste | WBN | |
Current Session: Europe
GBP/USD
Daily Technical Analysis - GBP: Popping above the top of the Ichimoku ‘cloud' and just above 1.9900 by Mizuho Corporate Bank
Popping above the top of the Ichimoku ‘cloud' and just above 1.9900. Could do with some help from other major currencies, especially the Euro. For today expect some more slightly nervous consolidation either side of 1.9900 with dips to 1.9800 seen as buying opportunities for the next move to 2.0000.
- Technical Trigger -GBP/USD - back to trendline test? 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 - Sundown over Japan? by Jyske Bank
Currency Performance Report - Asia Session Performance by FXstreet.com
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Back around opening price level 1.3403
06/21/2007 07:09 GMT - GBP/USD
- Trades above pivot level 1.9915
06/21/2007 07:09 GMT - USD/CHF
- Trades slightly below first resistant level 1.2401
06/21/2007 07:09 GMT - USD/JPY
- Trades around last week high 123.66 , above pivot level 123.43
06/21/2007 07:09 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 PMI MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jun 21 | 08:00 | Purchasing Manager Index Services | 57.2 | 57.3 |
| Jun 21 | 08:00 | PMI Manufacturing Index | 54.5 | 55.0 |
Weekly Analysis - Will The Dollar Change Direction Again? by Finotec Group Inc.
Not to be forgotten, manufacturing PMI and industrial new orders are both predicted to falter, as export demand could feel the effect of the appreciation of the euro.
[ Full Story ]Top Market Movers Review
Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 21 | 06:15 | Trade Balance | 1.26B | 1.50B | 0.63B |
Swiss trade surplus widens in May (FXstreet.com)
Trade in good and services with the rest of the world has reported a 1.26 billion Swiss franc surplus to Switzerland in May, posting a strong increase in both exports and imports in May, as the Swiss Customs Office’s data shows. May’s 1.26 billion surplus; ($1.37 billion) comes thanks to a 14% rise in imports from the same month a year ago.
[ Full Story ]- Switzerland Customs Office (in German)
- Swiss May watch exports up 7.1 pct yr-on-yr (AFX News)
Japan MERCHANDISE TRADE BALANCE TOTAL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 20 | 23:50 | Merchandise Trade Balance Total | ¥389.5 | ¥540.0B | ¥922.8B |
Overnight Briefing: Far East Timezone - Japan exports grew more than expected by Jyske Bank
Japanese exports grew more than expected in May as brisk exports to Asia and Europe made up for sluggish shipments to the United States, government data showed on Thursday, doing little to alter market expectations for a BOJ rate hike as early as in August.
[ Full Story ]- Read the Trade Statistics at Japan Ministry of Finance
- Japan May trade surplus up 9.3 pct yr-on-yr led by car, steel exports - UPDATE 2 (AFX News)
- Japan May trade figures with Asian countries (AFX News)
- Japan May trade figures with Asia, US and EU (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 20 | 23:50 | JP | Merchandise Trade Balance Total (May) | ¥389.5 | ¥540.0B | ¥922.8B |
| Jun 21 | 06:15 | CH | Trade Balance (May) | 1.26B | 1.50B | 0.63B |
| 08:00 | EMU | PMI Manufacturing Index (Jun) | 54.5 | 55.0 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Jun) | 57.2 | 57.3 | ||
| 12:30 | US | Initial Jobless Claims (Jun 16) | 310K | 311K | ||
| 12:30 | CA | Retail Sales (MoM) (Apr) | 1.0% | 1.9% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Apr) | 0.5% | 1.1% | ||
| 14:00 | US | Leading Indicators (MoM) (May) | 0.2% | -0.5% | ||
| 16:00 | US | Philadelphia Fed Manufacturing Survey (Jun) | 7.0 | 4.2 | ||
| Jun 22 | 08:00 | DE | IFO - Business Climate | 108.4 | 108.6 | |