Tuesday, Jun 10, 07:30 GMT
EUROPEAN Trading Newsletter
Are you ready for the new challenge?
The duel has begun! The Forex Game challenges you to test your trading skills against other players.This week you can test the platform and familiarize yourself with the game. Next week many prices are at stake!
Start Playing Now!
Sponsored by:
To Get Started
- Webinar VIDEOS: Trading Break Out's And Other Market Views by Phil Newton
- LIVE: Free Access Day on Thursday 12th − Register now!
- Forex Video: News Trade Alert by Wayne McDonell
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Tue, Jun 10, 10:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jun 10, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 10, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Tue, Jun 10, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jun 10, 13:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Tue, Jun 10, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
EUR/USD
Daily Technical Outlook − Daily trend remains bullish, but Monday's backtrack leaves a neutral setup by Global Market Research, Inc. (GMR)
Bullish to neutral. Daily trend remains bullish, but Monday's backtrack leaves a neutral setup. The early keys to direction today are weekly trend/day zone from 1.5650/45 to 1.5665/70. Under there is drop to weekly level at 1.5515 and 1.5460/40. Above there is weekly resistance at 1.57435 and 1.5910 day extreme. Projecting a 1.5515 to 1.5745 day.
- Dan Blystone's Daily Briefing − Webinar
- 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 Real Time Economic Calendar
Other Topics for this Session:
Daily Recommended Trades − EURUSD, AUDUSD, EURCHF daily outlook − Tuesday 06.10.2008 by E−Forex
EUR/USD Daily Technical Forex − EUR/USD Daily Technical Forex by Stoploss.ch
Technical Trader Closing Brief − Indices Snap Back From Oversold Condition by The Technical Trader
Banks' Analysis
Daily Forex Commentary − What A Market…. by Jyske Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX' Signal
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Moves down below first support level 1.5562
06/10/2008 06:52 GMT - GBP/USD
- Moves down below first support level 1.9680
06/10/2008 06:52 GMT - USD/CHF
- Moves up above first resistant level 1.0331
06/10/2008 06:53 GMT - USD/JPY
- Moves up towards first resistant level 106.97
06/10/2008 06:54 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) | 0.0% | -0.5% |
| Jun 10 | 08:30 | Industrial Production (YoY) | 0.1% | 0.2% |
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
US FED'S BERNANKE SPEECH
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 9 | 23:15 | Fed's Bernanke Speech | - | - | - |
Asia Market Update - Bernanke optimistic about the U.S. economy, bond yields spike higher by TradeTheNews.com
The surprising jump in the unemployment rate last month hasn't materially affected the economic outlook, Fed chairman Bernanke told a conference in Chatham, Mass., sponsored by the Federal Reserve Bank of Boston.
[ Full Story ]- Read full Speech by Fed's Chairman Bernanke at Federal Reserve
- Forex − Dollar moves in narrow ranges in Asian afternoon on hawkish comments (Thomson Financial News)
- Forex − U.S. dollar rises Sydney morning after Bernanke talks up economy (Thomson Financial News)
- Bernanke says risk of 'substantial downturn' in economy has falllen (Thomson Financial News)
Daily Forex Outlook - Dollar regains ground on intervention and inflation talk by Easy Forex
Daily Forex Strategy Briefing - US Officials Talk Up Greenback by CMS Forex
UK BRC RETAIL SALES MONITOR − ALL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 9 | 23:01 | BRC Retail Sales Monitor − All (YoY) | 1.9% | - | -1.5% |
DATA SNAP: Sunshine Helps UK Retail Sales Rebound In May (Dow Jones)
U.K. retail sales rebounded in May, with sales of food and clothing boosted by the surging commodity prices and warmer weather respectively, the British Retail Consortium said Tuesday. Same−store retail sales were up 1.9% on May 2007, the BRC said. That was a significantly stronger outcome than economists had expected, since those surveyed by Dow Jones Newswires last week had forecast a rise of 1.4%.
[ Full Story ]- Read the Retail Sales Monitor report at BRC website
- UK retail sales post surprise rise in May as weather, discounting help − BRC (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 10 | 01:30 | AU | Home Loans (Apr) | -3.0% | -2.0% | -6.1% |
| 01:30 | AU | Investment Lending (Apr) | 1.4% | -7.2% | ||
| 01:30 | AU | National Australia Bank's Business Conditions (May) | -4 | 7 | ||
| 06:00 | JP | Machine Tool Orders (YoY) (May)  | 1.4 | 0.4 | ||
| 08:30 | UK | DCLG House Price Index (YoY) (Apr) | 3.4% | 5.2% | ||
| 08:30 | UK | Industrial Production (MoM) (May) | 0.0% | -0.5% | ||
| 08:30 | UK | Industrial Production (YoY) (Apr) | 0.1% | 0.2% | ||
| 08:30 | UK | Manufacturing Production (MoM) (Apr) | 0.0% | -0.5% | ||
| 08:30 | UK | Manufacturing Production (YoY) (Apr) | 0.0% | 0.6% | ||
| 11:00 | UK | BOE Governor King Speaks | ||||