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| Sponsored by | ||||
| Wed, Jun 18, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jun 18, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jun 18, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Wed, Jun 18, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN |  |
Current Session: Europe
GBP/USD
Daily Market Commentary − A set of bad US data didn't hurt the dollar all that much by Global Forex Trading
Sterling/dollar fell sharply on Tuesday on the BoE letter, but reduced losses by the close and remained in an inside range. My model remains long. The short−term outlook is mixed. Initial resistance is at 1.9605. Above 1.9687, strong resistance is now seen at 1.9760. Further resistance is perched at 1.9850. Immediate support comes at 1.9500. Further support comes at 1.9410.
- Dan Blystone's Daily Briefing − Webinar
- Expert trading comments on latest moves at The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Understanding The Exact Process Behind The Movement In Price Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- 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 − Daily technical outlook − Wednesday 06.18.2008 by E−Forex
Banks' Analysis
One year outlook for GBP − One year outlook for GBP by Mizuho Corporate Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
Technical's by this hour by Valeria Bednarik, Analyst at MolFX − Management
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.5507
06/18/2008 06:55 GMT - GBP/USD
- Moves down towards first support level 1.9456
06/18/2008 06:56 GMT - USD/CHF
- Trades above pivot level 1.0416
06/18/2008 07:02 GMT - USD/JPY
- Moves up above pivot level 107.97
06/18/2008 07:02 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 CONSTRUCTION OUTPUT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Jun 18 | 09:00 | Construction Output w.d.a (YoY) | - | -1.4% |
| Jun 18 | 09:00 | Construction Output s.a (MoM) | - | -2.2% |
Multi TimeFrame Market Outlook: EURUSD by WFXAdvisor
Rejection from weekly consolidation triangle high has been effective as last week closed below triangle low.. Expected trading range for coming weeks extends from 1.5260 to 1.5770.
[ Full Story ]Top Market Movers Review
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 18 | 05:00 | Leading Economic Index | 92.8 | - | 18.2 |
| Jun 18 | 05:00 | Coincident Index | 101.7% | - | 30.0% |
Japan's April leading index 92.8, unchanged from initial estimate (Thomson Financial News)
Japan's index of leading economic indicators stood at 92.8 in April, in line with the initial reading, according to government data released on Wednesday. The Cabinet Office has switched to the use of composite rather than diffusion indexes starting from the April data. Composite indexes indicate the volume of economic activity by aggregating the percentage changes in a selected series of data, while diffusion indexes aggregate only the direction of the changes, the Cabinet Office said.
[ Full Story ]- Read the Leading Economic Index report at Japan Cabinet Office
Australia WESTPAC LEADING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 18 | 00:30 | Westpac Leading Index (MoM) | 0.4% | - | 0.2% |
Australian Westpac Leading Index +2.8% In April (Dow Jones)
A leading index of the Australian economy grew at an annualized rate of 2.8% in April, well below its long−term trend rate of 4%. The index of where the economy is headed in the next three to nine months is compiled monthly by Westpac Banking Corp. and Melbourne University's Institute of Applied Economic and Social Research.
[ Full Story ]- Read the Leading Index report at Westpac Website
- Australian economy experiencing slowdown − survey (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 17 | 23:50 | JP | BoJ Minutes | |||
| Jun 18 | 00:30 | AU | Westpac Leading Index (MoM) (Apr) | 0.4% | 0.2% | |
| 05:00 | JP | Coincident Index (Apr) | 101.7% | 30.0% | ||
| 05:00 | JP | Leading Economic Index (Apr) | 92.8 | 18.2 | ||
| 08:30 | UK | Bank of England Minutes (Jun 18) | ||||
| 09:00 | EMU | Construction Output s.a (MoM) (Apr) | -2.2% | |||
| 09:00 | EMU | Construction Output w.d.a (YoY) (Apr) | -1.4% | |||
| 09:00 | CH | ZEW Survey − Expectations (Jun) | -60.8 | -60.4 | ||
| 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Jun) | -12 | -10 | ||
| 11:00 | US | MBA Mortgage Applications (Jun 13) | 10.9% | |||