Wednesday, Jun 04, 07:17 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
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jun 4, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Commodity channel index system
Expert: Valeria Bednarik
Start: Wed, Jun 4, 11:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jun 4, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Wed, Jun 4, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jun 4, 11:00 GMT | Commodity channel index system | Valeria Bednarik | WBN |  |
| Wed, Jun 4, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
Current Session: Europe
USD/CHF
Daily Recommended Trades − EURUSD, AUDUSD, EURCHF daily outlook − Wednesday 06.04.2008 by E−Forex
Advancing lower towards the 1.59 zone while resistance at 1.6140−50 triggers offers. Interim short−term support is seen into the 1.6060−70 zone formed by May 09 low and also the 50% retracement of the 1.5760−1.6378 upward move. Below the said support at 1.6060 may accelerate a decline towards the next support lines at 1.5995 then 1.5955. Current quote is 1.6111.
- Dan Blystone's Daily Briefing − Weninar
- 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
Other Topics for this Session:
Daily Technical Outlook − The higher USD trade Tuesday stayed in bounds by Global Market Research, Inc. (GMR)
Market Session Recaps − Asia Session by FOREX.com
Banks' Analysis
Daily Technical Analysis − EUR: Possibly attempt small shorts on a bounce to 1.5500 by Mizuho Corporate Bank
Today's Technical Trading Points by Danske Bank A/S
FX Analysts' Comments
Gap time drop before the quick rise for US session by Dr. S. Sivaraman, of i−knowindices.com
FX' Signal
Recent Recommended Trades by AceTrader
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5444 , below pivot level 1.5493
06/04/2008 06:54 GMT - GBP/USD
- Moves down below first support level 1.9578
06/04/2008 06:54 GMT - USD/CHF
- Trades around opening price level 1.0419 , above pivot level 1.0394
06/04/2008 06:55 GMT - USD/JPY
- Trades around opening price level 105.09 , above pivot level 104.83
06/04/2008 06:58 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 PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Jun 4 | 08:00 | Purchasing Manager Index Services | 50.6 | 52.0 |
| Jun 4 | 07:55 | Purchasing Manager Index Services | 53.7 | 54.9 |
EMU economic indicators - ECB set to keep refi rate unchanged 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
Australia GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 4 | 01:30 | Gross Domestic Product (QoQ) | 0.6% | 0.3% | 0.7% |
| Jun 4 | 01:30 | Gross Domestic Product (YoY) | 3.6% | 2.8% | 3.9% |
DATA SNAP: Australian 1Q GDP Rises 0.6% Vs 4Q (Dow Jones)
Australia's average measure of gross domestic product rose 0.6% in the first quarter of 2008 from the fourth quarter 2007 and rose 3.6% from the year−earlier period, the Australian Bureau of Statistics said Wednesday. The data were higher than expected. Economists on average had expected that GDP rose 0.2% on a quarterly basis and rose 2.8% from a year earlier.
[ Full Story ]- Read the Gross Domestic Product report at Australian Bureau of Statistics
- Australia's better−than−expected Q1 GDP indicates resilient economy (Thomson Financial News)
- Australia's Q1 GDP up 0.6 pct from Q4, up 3.6 pct yr−on−yr, beating forecasts (Thomson Financial News)
- DATA SNAP: Australian 1Q GDP Rises 0.6% Vs 4Q −2− (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 3 | 23:01 | UK | Nationwide Consumer Confidence (May) | 69 | 67 | 70 |
| Jun 4 | 01:30 | AU | Gross Domestic Product (QoQ) (1Q) | 0.6% | 0.3% | 0.7% |
| 01:30 | AU | Gross Domestic Product (YoY) (1Q) | 3.6% | 2.8% | 3.9% | |
| 03:00 | NZ | ANZ Commodity Price (May) | 1.0% | -0.3% | ||
| 07:30 | EMU | ECB Trichet's Speech | ||||
| 07:55 | DE | Purchasing Manager Index Services (May) | 53.7 | 54.9 | ||
| 08:00 | EMU | Purchasing Manager Index Services (May) | 50.6 | 52.0 | ||
| 08:30 | UK | Purchasing Manager Index Services (May) | 50.5 | 50.4 | ||
| 09:00 | EMU | Retail Sales (MoM) (Apr) | 0.2% | -0.4% | ||
| 09:00 | EMU | Retail Sales (YoY) (Apr) | -0.8% | -1.6% | ||