Wednesday, Jun 11, 07:41 GMT
EUROPEAN Trading Newsletter
Play against other traders and win big prizes
The Forex Game has begun!One iPod, one Sony VAIO and one Real Trading Account of USD 5,000 with Alpari are at stake!
Start Playing Now!
Sponsored by:
To Get Started
- Webinar VIDEOS: Trading Break Out's And Other Market Views by Phil Newton
- International Traders Conference: the most interactive Forex event of the year!
- Tradable FX Rates: Bid and Ask prices
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
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jun 11, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jun 11, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jun 11, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jun 11, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jun 11, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Wed, Jun 11, 13:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN |  |
Current Session: Europe
EUR/USD
Daily Technical Analysis − EUR: Possibly attempt tiny shorts at 1.5490 but be prepared to add to 1.5655 by Mizuho Corporate Bank
Implied volatility has bounced smartly as the Euro reverses recent gains. This suggests we will hold under 1.5800 this week and maybe for another two, leading to a concerted test of first support at the 1.5400 area. This is likely to break and our downside target will probably be 1.5100.
- 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 Forex Technical Report − Dollar Extends Rally Against Yen by ActionForex.com
Index Recommended Levels − Index Recommended Levels by FXtechtrade
Daily Recommended Trades − EURUSD, AUDUSD, EURCHF daily outlook − Wednesday 06.11.2008 by E−Forex
Picking Tops and Bottoms − British Pound Still Bullish Above 1.9461 by FXCM
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
FX Analysts' Comments
EURO and GBP are expected to firm up by Dr. S. Sivaraman, of i−knowindices.com
FX' Signal
Spot Forex Trades − EURO: Spate or Vade? by ForexSurvivor
Currencies at a Glance
- EUR/USD
- Moves up towards pivot level 1.5520
06/11/2008 07:04 GMT - GBP/USD
- Trades around opening price level 1.9542 , below pivot level 1.9605
06/11/2008 07:05 GMT - USD/CHF
- Trades around opening price level 1.0417 , above pivot level 1.0375
06/11/2008 07:08 GMT - USD/JPY
- Trades around opening price level 107.45 , above pivot level 107.04
06/11/2008 07:08 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 GOODS TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jun 11 | 08:30 | Goods Trade Balance | -£7.3B | -£7.4B |
Forex Analysis on Majors - forecast on eur / usd /gbp / jpy / chf by Forex Ltd
The assumed test of the key support range has been confirmed but the relative rise of bearish activity revealed by OsMA indicator as a feature of incompletion of pair's descending direction gives grounds to preserve earlier composed trading plans for today.
[ Full Story ]Top Market Movers Review
Japan GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 10 | 23:50 | Gross Domestic Product Annualized | 4.0% | 3.8% | 3.5% |
| Jun 10 | 23:50 | Gross Domestic Product (QoQ) | 1.0% | 0.9% | 0.9% |
Asia Market Update - Japan's Q1 growth revised higher, Asian stocks mixed by TradeTheNews.com
Japan's Q1 growth revised higher: (JP Q1 FINAL GDP QOQ: 1.0% V 0.9% expected, 0.8% prior; ANNUALIZED: 4.0% V 3.8% expected, 3.3% prior; Nominal GDP QoQ: 0.5% v 0.5% expected, 0.4% prior; GDP Deflator YoY: −1.5% v −1.4% expected, −1.4% prior).
[ Full Story ]- Read the Gross Domestic Product report at Japan Cabinet Office
- Japan GDP revised up on capex rise, wholesale prices at 27−yr high − UPDATE 2 (Thomson Financial News)
- Japan Q1 GDP revised up on higher capital spending − UPDATE (Thomson Financial News)
- Japan Q1 GDP revised up on higher capital spending (Thomson Financial News)
Japan DOMESTIC CORPORATE GOODS PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 10 | 23:50 | Domestic Corporate Goods Price Index (YoY) | 4.7% | 4.0% | 3.7% |
| Jun 10 | 23:50 | Domestic Corporate Goods Price Index (MoM) | 1.1% | 0.7% | 0.6% |
Japan May Domestic CGPI +4.7% On Year Vs +3.9% In Apr (Dow Jones)
Japan's domestic corporate goods prices rose 4.7% in May from a year earlier to 108.7, the Bank of Japan said Wednesday. It marked the 51th straight month of rises on the back of strong international commodity prices. The rise was larger than the 4.1% on−year growth that Tokyo−based analysts surveyed by Dow Jones had forecast on average.
[ Full Story ]- Read the Corporate Goods Price Index report at Bank of Japan
- Japan May corporate goods price index up 4.7 pct, fastest in 27 years (Thomson Financial News)
- Japan May Corporate Goods Price Index Table Of Data (Dow Jones)
UK NIESR GDP ESTIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 10 | 23:01 | NIESR GDP Estimate | 0.2% | 0.3% | 0.4% |
UK GDP 'scarcely' grew in three months to May, may slow further − NIESR (Thomson Financial News)
The National Institute of Economic Social Research (NIESR) said the UK economy "scarcely" grew during the three months to May, and could slow still further. The leading think tank said UK GDP grew by 0.2 percent in the three months to May, down from 0.4 percent in the three months to April.
[ Full Story ]- Read the GDP Estimates report at NIESR website
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 10 | 23:50 | JP | Gross Domestic Product (QoQ) (1Q) | 1.0% | 0.9% | 0.9% |
| Jun 11 | 00:00 | NZ | NZD− Business NZ PMI (May) | 51.4 | ||
| 00:30 | AU | Westpac Consumer Confidence (May) | -5.6% | 2.7% | ||
| 07:41 | JP | BoJ Monetary Policy Meeting | ||||
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Apr) | 3.8% | 3.8% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Apr) | 4.1% | 4.0% | ||
| 08:30 | UK | Claimant Count Rate (May) | 2.5% | 2.5% | ||
| 08:30 | UK | Goods Trade Balance (Apr) | -£7.3B | -£7.4B | ||
| 08:30 | UK | ILO Unemployment Rate (Apr) | 5.2% | 5.2% | ||
| 08:30 | UK | Jobless Claims Change (May) | 8.0K | 7.2K | ||