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Current Session: Europe
USD/JPY
Daily Technical Outlook − USD/JPY is the chief directional market at this point by Global Market Research, Inc. (GMR)
Bullish. Daily trend is bullish and the setup today has larger upside risk. Supports are 106.83, bullish daily trend at 106.68/60 and the weekly buy levels at 106.05 and 105.49. There is no resistance until 108.09 and 109.31. Projecting a 106.60 to 108.09 day range.
- 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:
Market Session Recaps − Asia Session by FOREX.com
Daily Recommended Trades − EURUSD, AUDUSD, EURCHF daily outlook − Thursday 06.12.2008 by E−Forex
Banks' Analysis
Forex Trading Strategies − USD fights back after sharp consolidation yesterday by Saxo Bank
Daily Technical Analysis − EUR: Attempt tiny shorts at 1.5490 but be prepared to add to 1.5600 by Mizuho Corporate Bank
Monthly Performance
Today's Technical Trading Points − Monthly Performance − May 2008 by Danske Bank A/S
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
EURO and GBP to swing and firm up today by Dr. S. Sivaraman, of i−knowindices.com
5 Minute Day trader by Phil Newton, Developer of Trading Strategies at TradingStrategies.info
Currencies at a Glance
- EUR/USD
- Drops below first support level 1.5470
06/12/2008 06:56 GMT - GBP/USD
- Moves down below pivot level 1.9596
06/12/2008 06:57 GMT - USD/CHF
- Moves up above first resistant level 1.0407
06/12/2008 06:57 GMT - USD/JPY
- Moves up towards first resistant level 107.64
06/12/2008 06:57 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
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 12 | 09:00 | Industrial Production s.a. (MoM) | -0.1% | -0.2% |
| Jun 12 | 09:00 | Industrial Production w.d.a. (YoY) | - | 2% |
EMU economic indicators - EMU industrial production is expected to have increased slightly in April by BHF−Bank
Italian industrial production might have remained unchanged at best in April, as most of the correlated climate indicators deteriorated. EMU industrial production could have increased somewhat in April, just like the average of the corresponding national figures.
[ Full Story ]Top Market Movers Review
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 12 | 01:30 | Employment Change | -19.7K | 13.5K | 37.5K |
| Jun 12 | 01:30 | Unemployment Rate | 4.3% | 4.2% | 4.3% |
DATA SNAP: Australian May Unemployment Rate 4.3% (Dow Jones)
Australia's unemployment rate remained at a worse−than−expected seasonally adjusted 4.3% in May from a revised 4.3% in April. The number of employed fell 19,700, the Australian Bureau of Statistics said Thursday. Economists on average had expected an unemployment rate of 4.2% in May, with the number of employed up 13,500.
[ Full Story ]- Read the Labour Force report at Australian Bureau of Statistics
- Australian dollar falls sharply after jobs data shows fewer employed in May (Thomson Financial News)
- Australia's May unemployment rate steady at 4.3 pct s/adj, employment falls (Thomson Financial News)
US FED'S BEIGE BOOK
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 11 | 18:00 | Fed's Beige Book | - | - | - |
US Fed's Beige Book sees 'generally weak' economy with rising prices (Thomson Financial News)
The Federal Reserve's latest survey of the US economy contained no surprises, showing growth as essentially stagnant, and tighter credit and price increases beginning to extend beyond food and energy. In the Beige Book survey of the 12 Fed regions "economic activity remained generally weak" from late April through early May.
[ Full Story ]- Read the Beige Book report at Federal Reserve
Mid−Day Forex Technical Report − Focus on Beige Book and Fedspeaks by ActionForex.com
Daily Market Report - Today, the economic calendar is rather thin with the only major news being the release of the Beige Book by Wachovia
Forex Analysis on Majors - US dollar looks for good Beige Book by Forex Ltd
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 11 | 22:45 | NZ | Food Price Index (MoM) (May) | 1.0% | 0.3% | |
| Jun 12 | 00:00 | NZ | NZD− Business NZ PMI (May) | 49.3 | 51.5 |
|
| 01:30 | AU | Employment Change (May) | -19.7K | 13.5K | 37.5K |
|
| 01:30 | AU | Unemployment Rate (May) | 4.3% | 4.2% | 4.3% |
|
| 08:00 | EMU | ECB Monthly Report (Jun) | ||||
| 08:30 | UK | Inflation Expectations | 3.3% | |||
| 09:00 | EMU | Industrial Production s.a. (MoM) (Apr) | -0.1% | -0.2% | ||
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Apr) | 2% | |||
| 12:30 | US | Continuing Jobless Claims (May 31) | 3093K | |||
| 12:30 | US | Import Price Index (MoM) (May) | 2.4% | 1.8% | ||