Tuesday, Jun 17, 07:30 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jun 17, 08:00 GMT
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Tue, Jun 17, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 17, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Jun 17, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jun 17, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Tue, Jun 17, 13:00 GMT | Using the MACD to spot trading points in the 4x−Market | Adam Rosen | WBN | |
Current Session: Europe
GBP/USD
Daily Market Commentary − The dollar sank versus the European currencies on Monday by Global Forex Trading
Sterling/dollar rallied sharply on Monday on concern about inflation and my model went long. The short−term outlook is mixed to slightly higher, as the most strength has probably been seen. Above 1.9687, strong resistance is now seen at 1.9760. Further resistance is perched at 1.9850. Immediate support comes at 1.9585. The next level is 1.9500. Further support comes at 1.9410.
- Dan Blystone's Daily Briefing − Webinar
- New Technical Blog − The Advisor Weblog
- The Forex Game: Stop Losing Dollars... Win Duellars!
- 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:
Technical Trader Closing Brief − Overhead Resistance Thwarts Rally in Mixed Session by The Technical Trader
Market Session Recaps − Asia Session by FOREX.com
Currency Majors Technical Analysis − 1,9680. GBP USD is in a consolidation after the last bullish movement by Mataf.net
Banks' Analysis
One year outlook for EUR − One year outlook for EUR by Mizuho Corporate Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
Majors update by Valeria Bednarik, Analyst at MolFX − Management
Follow up rise in EURO and GBP will lead to bullish fell...but expected to slide by Dr. S. Sivaraman, of i−knowindices.com
Currencies at a Glance
- EUR/USD
- Moves up above first resistant level 1.5548
06/17/2008 06:54 GMT - GBP/USD
- Moves up towards first resistant level 1.9725
06/17/2008 06:55 GMT - USD/CHF
- Moves down below first support level 1.0377
06/17/2008 06:56 GMT - USD/JPY
- Moves down below first support level 107.90
06/17/2008 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
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Jun 17 | 09:00 | ZEW Survey − Economic Sentiment | -42.5 | -41.4 |
Friday Notes - Germany, ZEW: Bearish financial market experts by HVB Group
The hopes of a quick end to the financial market crisis took another hit recently. The renewed spike in the price of crude oil probably also impacted the growth expectations of financial market experts negatively again. Accordingly, we also expect a weaker ZEW reading for June.
[ Full Story ]Top Market Movers Review
Australia RBA MEETING'S MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 17 | 01:30 | RBA Meeting's Minutes | - | - | - |
Australian central bank concludes its policy settings appropriate − June minutes (Thomson Financial News)
Reserve Bank of Australia board members concluded at their monthly meeting on June 3 that current monetary policy settings were appropriate to deal with inflationary pressures, minutes from the meeting released on Tuesday showed. The board members left the bank's cash target rate at 7.25 percent for the third straight month on June 3, having raised the rate four times from August through to March to take it to the highest level in 12 years.
[ Full Story ]- Read the Meeting's Minutes at Reserve Bank of Australia
Japan TERTIARY INDUSTRY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 16 | 23:50 | Tertiary Industry Index (MoM) | 1.8% | 0.6% | 0.3% |
Japan tertiary index rises 1.8 percent in April (Thomson Financial News)
Japan's tertiary index, which measures spending in the services sector, rose 1.8 percent in April from March due to higher spending on information/communication service and wholesale/retail sector, the Ministry of Economy, Trade and Industry said on Tuesday. The index increased to 110.4 in April from 108.5 in the previous month. The index was unchanged in March from February.
[ Full Story ]- Read the Tertiary Industry Index report at Japan Ministry of Economy, Trade and Industry
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 16 | 23:50 | JP | Tertiary Industry Index (MoM) (Apr) | 1.8% | 0.6% | 0.3% |
| Jun 17 | 01:30 | AU | RBA Meeting's Minutes (Jun) | |||
| 06:00 | JP | Machine Tool Orders (YoY) (May) | 1.4 | 0.4 | ||
| 07:15 | CH | Industrial Production (YoY) (1Q) | 4.3% | 7.5% | 9.6% |
|
| 08:30 | UK | Consumer Price Index (MoM) (May) | 0.4% | 0.8% | ||
| 08:30 | UK | Consumer Price Index (YoY) (May) | 3.2% | 3.0% | ||
| 08:30 | UK | Core Consumer Price Index (YoY) (May) | 1.5% | 1.4% | ||
| 08:30 | UK | Retail Price Index (MoM) (May) | 0.4% | 0.9% | ||
| 08:30 | UK | Retail Price Index (YoY) (May) | 4.2% | 4.2% | ||
| 09:00 | EMU | Trade Balance n.s.a. (Apr) | -€1.5 | -€2.3B | ||