Friday, Jun 06, 07:47 GMT
EUROPEAN Trading Newsletter
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The Forex the Game: Next Monday the duel begins.We challenge you to test your trading skills against other players. Many prizes at stake!
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To Get Started
- Webinar VIDEOS: Institutional Trading Strategies by Andrei Pehar
- EURO and GBP rise − as expected before hand by Dr. S. Sivaraman
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 25th Edition
Expert: Wayne McDonell
Start: Fri, Jun 6, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jun 6, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 25th Edition | Wayne McDonell | WBN | |
| Mon, Jun 9, 13:00 GMT | Sentiment Indicators  | John Jagerson | WBN |  |
| Mon, Jun 9, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN |  |
| Mon, Jun 9, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
GBP/USD
Daily Technical Outlook − Bearish to neutral. Daily trend is bearish by Global Market Research, Inc. (GMR)
Bearish to neutral. Daily trend is bearish, but with an initially neutral setup today. Initial support is 1.9515 to expiring weekly zone at 1.9490/80. Under there is drop to 1.9390. Resistance is daily trend at 1.9590/1.9600, weekly/day sell zone at 1.9630/40 and second weekly sell structure 1.9685/90. Expecting a 1.9630/40 to 1.9490/80 day range.
- 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 − Friday 06.06.2008 by E−Forex
Technical analysis: Euribor Futures − Euribor – December 2008 by Mizuho Corporate Bank
Daily Market Commentary − The euro/dollar aggressively reversed from a three−week low by Global Forex Trading
Market Session Recaps − Asia Session by FOREX.com
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
Trichet Jawbones Euro Back Up − Carry Traders Happy? New Video Analysis by Jerry Furst, Director Investors Education Network
Russian Doll!!! by Phil Newton, Developer of Trading Strategies at TradingStrategies.info
FX' Signal
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5590 , above pivot level 1.5518
06/06/2008 06:49 GMT - GBP/USD
- Trades around opening price level 1.9580 , above pivot level 1.9545
06/06/2008 06:51 GMT - USD/CHF
- Trades around opening price level 1.0378 , below pivot level 1.0417
06/06/2008 06:51 GMT - USD/JPY
- Trades above pivot level 105.85
06/06/2008 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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 6 | 10:00 | Industrial Production s.a. (MoM) | 0.2% | -0.5% |
| Jun 6 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 6.3% | 4.7% |
EMU economic indicators - Output in the German producing sector might have improved slightly in April by BHF−Bank
German industrial new orders probably decreased in April, as the correlated climate indicators had deteriorated. However, output in the German producing sector might have increased slightly in April, due to a rebound in construction activities.
[ Full Story ]Top Market Movers Review
Australia FOREIGN RESERVES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 6 | 06:30 | Foreign Reserves | 35.3B | - | 35.8B |
Morning Report - The Australian dollar was rangebound by Westpac Institutional Bank
The Australian dollar was rangebound, dipping on a softer NZD early on before retracing later on the rally in EUR and equities. The AUD finished the session near its overnight highs at 0.9581.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 5 | 12:30 | CA | Building Permits (MoM) (Apr) | 14.5% | 0.7% | -4.5% |
| 12:30 | EMU | ECB Trichet's Speech | ||||
| 14:00 | CA | Ivey Purchasing Managers Index (May) | 62.5 | 58.0 | 57.6 | |
| Jun 6 | 06:30 | AU | Foreign Reserves (May) | 35.3B | 35.8B | |
| 10:00 | DE | Industrial Production s.a. (MoM) (Apr) | 0.2% | -0.5% | ||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Apr) | 6.3% | 4.7% | ||
| 11:00 | CA | Net Change in Employment (May) | 8.5K | 19.2 | ||
| 11:00 | CA | Unemployment Rate (May) | 6.1% | 6.1% | ||
| 12:30 | US | Average Hourly Earnings (MoM) (May) | 0.2% | 0.1% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (May) | 3.4% | 3.4% | ||