Tuesday, Jun 03, 07:16 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: How New US Regulations on the Financial Markets will Affect Currency Trading by Rob Booker
- EDUCATION: Introductions for Forex Options by PFX Team
- Streaming FX Rates: All currencies of the world
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jun 3, 08:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Tue, Jun 3, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 3, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Jun 3, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jun 3, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Jun 3, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: Europe
EUR/USD
Daily Forex Strategy Briefing − The Euro rally doesn't suggest much by E−Forex
The Euro rally doesn't suggest much as the pair failed to close higher on yesterday. Short term sentiment remains unchanged while the range of 1.5485−1.5615 is valid. An intra−day upward channel is formed on the hourly charts by the previous 2 days highs and lows. More ranging action is likely to be seen while the market is looking for direction.
- Dan Blystone's Daily Briefing
- Trading with Bollinger Bands and the ATR John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
FX Analysts' Comments
1987 Crash Conference Call and "TAF" − Exposed Online by Jerry Furst, Director Investors Education Network
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.5536
06/03/2008 06:43 GMT - GBP/USD
- Moves down towards first support level 1.9584
06/03/2008 06:44 GMT - USD/CHF
- Moves down towards first support level 1.0316
06/03/2008 06:44 GMT - USD/JPY
- Moves down towards first support level 103.77
06/03/2008 06:45 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 3 | 09:00 | Gross Domestic Product s.a. (YoY) | 2.2% | 2.2% |
| Jun 3 | 09:00 | Gross Domestic Product s.a. (QoQ) | 0.7% | 0.4% |
EMU economic indicators - The outlook for real GDP growth will probably be revised downwards by BHF−Bank
The RBS purchasing managers' indices for the German and the EMU manufacturing sector for May are not likely to be revised significantly. The same applies to the EMU GDP in Q1. The detailed breakdown of the GDP components will also be published.
[ Full Story ]Top Market Movers Review
Switzerland CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 3 | 05:45 | Consumer Price Index (MoM) | 0.8% | 0.4% | 0.8% |
| Jun 3 | 05:45 | Consumer Price Index (YoY) | 2.9% | 2.4% | 2.3% |
Swiss CPI increases in May on petrol prices (FXstreet.com)
Prices at consumer level have accelerated their growing pace in May influenced by strong increases on petrol prices, as the latest report by Swiss Statistics shows.
[ Full Story ]- Read the CPI data at Swiss Statistics [text in German]
- Swiss May CPI up 2.9 pct year−on−year, up 0.9 pct vs April UPDATE (Thomson Financial News)
- Swiss May CPI up 2.9 pct year−on−year, up 0.9 pct vs April (Thomson Financial News)
Australia RBA INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 3 | 04:30 | RBA Interest Rate Decision | 7.25% | 7.25% | 7.25% |
| Jun 3 | 04:30 | RBA Monetary Policy Statement | - | - | - |
Australia's central bank keeps cash target rate at 7.25 percent (Thomson Financial News)
The Reserve Bank of Australia (RBA) said on Tuesday its board decided to leave its cash target rate at 7.25 percent during its monthly policy meeting on Tuesday. It said its current stance on monetary policy is appropriate for time being but the board will "continue to evaluate prospects for economic activity and inflation in the light of new information".
[ Full Story ]- Read the Interest Rate decision at Reserve Bank of Australia
- Australian dollar retreats after central bank leaves interest rates on hold (Thomson Financial News)
Australia CURRENT ACCOUNT BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 3 | 01:30 | Current Account Balance | -19492M | -20500M | -19350M |
DATA SNAP: Australia 1Q Curr Acct Deficit A$19.49B (Dow Jones)
Australia's current account deficit widened to a seasonally adjusted A$19.49 billion in the first quarter of 2008 from a A$18.72 billion deficit in the fourth quarter 2007, the Australian Bureau of Statistics said Tuesday. Economists on average expected a current account deficit after seasonal adjustment of A$20.4 billion in the first quarter.
[ Full Story ]- Read the Current Account report at Australian Bureau of Statistics
- Australia's Q1 current account deficit A$19.49 bln vs consensus A$20.5 bln (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 3 | 04:30 | AU | RBA Interest Rate Decision | 7.25% | 7.25% | 7.25% |
| 04:30 | AU | RBA Monetary Policy Statement | ||||
| 05:45 | CH | Consumer Price Index (MoM) (May) | 0.8% | 0.4% | 0.8% | |
| 05:45 | CH | Consumer Price Index (YoY) (Mar) | 2.9% | 2.4% | 2.3% | |
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (1Q)  | 0.7% | 0.4% | ||
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (1Q) | 2.2% | 2.2% | ||
| 09:00 | EMU | Producer Price Index (MoM) (Apr) | 0.8% | 0.7% | ||
| 09:00 | EMU | Producer Price Index (YoY) (Apr) | 6.1% | 5.7% | ||
| 13:00 | JP | BoJ's Governor Shirakawa Speech | ||||
| 13:00 | EMU | ECB Trichet's Speech | ||||