Thursday, Jun 05, 07:40 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: Institutional Trading Strategies by Andrei Pehar
- ECB and BoE: Preview of Jun 5 meetings by FXstreet.com
- Live Charts Window: Detach it!
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Live Sessions Schedule
Back to Basics −The RSI indicator; one of my favorites
Expert: Adam Rosen
Start: Thu, Jun 5, 14:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Jun 5, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 5, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Jun 5, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Thu, Jun 5, 13:30 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Thu, Jun 5, 14:00 GMT | Back to Basics −The RSI indicator; one of my favorites | Adam Rosen | WBN | |
Current Session: Europe
GBP/USD
Daily Market Commentary − The dollar basically consolidated against the majors on Wednesday by Global Forex Trading
Sterling/dollar tumbled further on Wednesday to the lowest level since May 20. Only if 1.9490 breaks will cable see more weakness. Below this level, support is at 1.9470. Distant support is now seen at 1.9365. Immediate resistance is pegged at 1.9550. The next level is 1.9620.Above 1.9690 there is a distant ceiling at 1.9770.
- New Technical Blog − Operators' intentions by Dr. S. Sivaraman, of i−knowindices.com
- 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 Recommended Trades − EURUSD, AUDUSD, EURCHF daily outlook − Thursday 06.05.2008 by E−Forex
Market Session Recaps − Asia Session by FOREX.com
Currency Majors Technical Analysis by Mataf.net
Daily Forex Outlook − US Economic Data Stabilizing, Dollar strengthening. ECB and BoE interest rates in focus by Easy Forex
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
Drop before the rise in EURO and GBP.... by Dr. S. Sivaraman, of i−knowindices.com
Looking Up Down Under − Euro In the Box by Jerry Furst, Director Investors Education Network
FX' Signal
Recent Recommended Trades by AceTrader
Currencies at a Glance
- EUR/USD
- Moves up around pivot level 1.5447
06/05/2008 06:49 GMT - GBP/USD
- Trades around first support level 1.9508
06/05/2008 06:49 GMT - USD/CHF
- Trades above opening price level 1.0421 , above pivot level 1.0409
06/05/2008 06:50 GMT - USD/JPY
- Trades around first resistant level 105.54
06/05/2008 06:51 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
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 5 | 11:45 | ECB Interest Rate Decision | 4% | 4% |
| Jun 5 | 11:00 | BoE Interest Rate Decision | 5% | 5% |
Central Banks: ECB and BoE - Preview of Jun 5 meetings by FXstreet.com
On Thursday 5, ECB and BoE monetary policy committees will announce their latest monetary policy decisions. Both are expected to keep their key interest rates unchanged, taking in account the fast growing inflation driven by soaring energy prices.
- ECB and BoE will, most likely, keep rates on hold tomorrow (FXstreet.com)
Spot Forex Trades - Bank after Bank to end Blank! by ForexSurvivor
Daily Forex Outlook - ECB and BoE interest rates in focus by Easy Forex
Top Market Movers Review
UK HALIFAX HOUSE PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 5 | 07:14 | Halifax House Prices (MoM) | -2.4% | - | -1.3% |
| Jun 5 | 07:00 | Halifax House Prices (YoY) | -3.8% | - | -0.9% |
UK May house prices fall sharply as housing woes mount − Halifax (Thomson Financial News)
The welter of evidence showing that the UK housing market is faltering continued to mount today, after another key survey revealed a steep fall.
[ Full Story ]- Read the House Price Index data at Halifax
- UK Halifax house prices drop lower than expected in May (FXstreet.com)
- United Kingdom May Halifax House Prices fall 2.4% on month; 3.8% down on year (FXstreet.com)
Daily Majors Technical Analysis - GBP/USD − A Conservative Look and Trade Example by Pro Pipper Trading
Australia TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 5 | 01:30 | Trade Balance | -957M | -1700M | -2736M |
DATA SNAP: Australia Apr Trade Deficit A$957M (Dow Jones)
Australia's seasonally adjusted balance on trade in goods and services narrowed to a deficit of A$957 million in April from a deficit of A$2.55 billion in March, the Australian Bureau of Statistics said Thursday. The figure is lower than analysts' expectations of a deficit of A$1.7 billion.
[ Full Story ]- Read the Trade Balance report at Australian Bureau of Statistics
- Australia April trade deficit A$957 million vs consensus deficit A$1.7 billion (Thomson Financial News)
- DATA SNAP: Australia Apr Trade Deficit A$957M −2− (Dow Jones)
New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 4 | 21:00 | RBNZ Interest Rate Decision | 8.25% | 8.25% | 8.25% |
New Zealand central bank leaves rates on hold, warns of significant slowdown (Thomson Financial News)
The Reserve Bank of New Zealand said on Thursday that its policymakers have decided to leave its overnight cash rate (OCR) at 8.25 percent, but warned of a significant slowdown in the economy which was likely to lead to an easing in rates later in the year.
[ Full Story ]- Read the report: OCR unchanged at 8.25 percent at RBNZ
Daily Market Report - Investors expect the Reserve Bank of New Zealand to keep rates steady on Thursday by Wachovia
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 4 | 21:00 | NZ | RBNZ Interest Rate Decision | 8.25% | 8.25% | 8.25% |
| Jun 5 | 01:30 | AU | Trade Balance (Apr) | -957M | -1700M | -2736M |
| 07:00 | UK | Halifax House Prices (YoY) (May) | -3.8% | -0.9% | ||
| 07:14 | UK | Halifax House Prices (MoM) (May) | -2.4% | -1.3% | ||
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Apr) | 6.4% | -5.0% | ||
| 10:00 | DE | Factory Orders s.a. (MoM) (Apr) | 0.4% | -0.6% | ||
| 11:00 | UK | BoE Interest Rate Decision | 5% | 5% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 12:30 | CA | Building Permits (MoM) (Apr) | 0.7% | -4.5% | ||
| 12:30 | US | Continuing Jobless Claims (May 24) | 3104K | |||