Monday, Jun 09, 07:32 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Jun 9, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 9, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 9, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Jun 9, 13:00 GMT | Sentiment Indicators  | John Jagerson | WBN |  |
| Mon, Jun 9, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jun 9, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The Euro had its largest weekly rally since the end of March by E−Forex
The Euro had its largest weekly rally since the end of March, managing to break the resistance levels into the 1.57 zone. Friday's rally confirms the resume of the uptrend and the Euro has to remain above the 1.5580 mark in order to maintain the bullish structure valid.
- New Technical Blog − Operators' intentions by Dr. S. Sivaraman, of i−knowindices.com
- Combining Fundamental and Technical Analysis S. Wade Hansen, 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 Market Commentary − The dollar collapsed on Friday by Global Forex Trading
The Mid−Day Minute − DUG Finds Support Plateau by MPTrader.com
Currency Majors Technical Analysis by Mataf.net
Banks' Analysis
Forex Trading Strategies − Little resistance until 1.6020 all−time high in EURUSD by Saxo Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
Weekly Pivot Points* by Wayne McDonell, FxBootcamp.com
What is expected on Monday? by Dr. S. Sivaraman, of i−knowindices.com
FX' Signal
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5784 , above pivot level 1.5705
06/09/2008 07:00 GMT - GBP/USD
- Trades around opening price level 1.9688 , above pivot level 1.9655
06/09/2008 07:00 GMT - USD/CHF
- Trades around opening price level 1.0183 , below pivot level 1.0261
06/09/2008 07:00 GMT - USD/JPY
- Trades below pivot level 105.42
06/09/2008 07:01 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 INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 10 | 08:30 | Industrial Production (MoM) | - | -0.5% |
| Jun 10 | 08:30 | Industrial Production (YoY) | - | 0.2% |
| Jun 10 | 08:30 | Manufacturing Production (MoM) | - | -0.5% |
| Jun 10 | 08:30 | Manufacturing Production (YoY) | - | 0.6% |
Friday Notes - We expect industrial production to have remained at best flat by HVB Group
We expect industrial production to have remained at best flat in April. Survey indicators of manufacturing activity keep heading south, as high oil prices, a deepening credit crunch as well as faltering domestic and external demand are offsetting the benefit of a weaker sterling.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 9 | 06:00 | Trade Balance | 18.7B | - | 16.6B |
DATA SNAP: German Apr Trade Surplus EUR18.7B Vs EUR16.6B Mar (Dow Jones)
Germany's trade surplus rose in April on stronger exports, giving little sign that the country's exports are being squeezed by a global economic slowdown.
[ Full Story ]- Read the Trade Balance data at German Statistics
- CORRECT:German Jan−Apr Exports EUR342.3B Vs EUR317.6B Yr Ago (Dow Jones)
- German April trade surplus 18.7 bln euros vs 16.6 bln in March; cons 16.0 bln (Thomson Financial News)
- German trade surplus widens in April on rising exports (FXstreet.com)
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 9 | 05:00 | Leading Economic Index | 30.0 | - | 18.2 |
| Jun 9 | 05:00 | Coincident Index | 22.2% | - | 30.0% |
Japan April Leading Indicators 30.0; Coincident 22.2 (Dow Jones)
Japan's index of leading indicators came in at 30.0 in April, below the boom−or−bust threshold of 50.0 for the ninth straight month, the Cabinet Office said Monday.
[ Full Story ]- Read the Business Condition report at Japan Cabinet Office
- Japan's leading index rises to 92.8 in April, but misses forecast (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 9 | 05:00 | JP | Coincident Index (Apr)  | 22.2% | 30.0% | |
| 05:45 | CH | Unemployment Rate (May) | 2.4% | 2.6% | ||
| 05:45 | CH | Unemployment Rate s.a. (May) | 2.4% | 2.6% | ||
| 06:00 | DE | Trade Balance (Apr) | 18.7B | 16.6B |
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| 08:30 | UK | Producer Price Index − Input (MoM) s.a (May) | 2.6% | 2.4% | ||
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (May) | 23.8% | 23.3% | ||
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (May) | 0.8% | 1.4% | ||
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (May) | 7.9% | 7.5% | ||
| 12:15 | CA | Housing Starts s.a (YoY) (May) | 217.5K | 213.9K | ||
| 14:00 | US | Pending Home Sales (MoM) (Apr) | -0.3% | -1.0% | ||