Wednesday, Jun 25, 07:39 GMT
EUROPEAN Trading Newsletter
The Forex Game: Training Week
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- Webinar VIDEOS: The Day Trading Coach - Tips, Tricks and Strategies for Day Traders by Markus Heitkoetter
- New Blog: Technical Trading Tips and Techniques by James Chen
- ITC'08: Lars Christensen, (Danske Bank) confirmed key speaker
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FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jun 25, 09:00 GMT
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Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jun 25, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jun 25, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jun 25, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jun 25, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Jun 25, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar plummeted on Tuesday on news by Global Forex Trading
The Euro (EUR) made gains last night shrugging off poor July German Consumer Confidence of 3.9 vs. 4.6 expected. Crude Oil remained high and weak US data supported allowing Monday's losses to all but be erased on the Euro. Overall the EUR/USD traded with a low of 1.5493 and a high of 1.5622 before closing the day at 1.5576 in the New York session. Looking ahead, April Euro Zone Industrial Orders predicted at −0.6%.
- Dan Blystone's Daily Briefing − Webinar
- 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
Other Topics for this Session:
Currency Majors Technical Analysis − 1,5560. EUR USD is in a range between 1,5470 and 1,5650 by Mataf.net
Daily Recommended Trades − Daily technical outlook − Wednesday 06.25.2008 by E−Forex
Banks' Analysis
Daily Forex Commentary − Announcement day by Jyske Bank
Forex Technical Analysis − EUR/USD: (1.5569) Conflicting patterns off 1.5483/ .5465 (see graph) by KBC Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
USD/CHF Late Night Update by James Chen, Chief Technical Analyst, at FX Solutions
Volatile moves with upward spike expected..... by Dr. S. Sivaraman, of i−knowindices.com
Currencies at a Glance
- EUR/USD
- Moves down below pivot level 1.5560
06/25/2008 06:58 GMT - GBP/USD
- Moves down below pivot level 1.9685
06/25/2008 06:58 GMT - USD/CHF
- Trades around pivot level 1.0411
06/25/2008 07:06 GMT - USD/JPY
- Moves up above pivot level 107.79
06/25/2008 07:06 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 NEW ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 25 | 09:00 | Industrial New Orders (YoY) | 2.7% | -2.5% |
| Jun 25 | 09:00 | Industrial New Orders s.a. (MoM) | -0.5% | -1.0% |
EMU economic indicators - EMU industrial new orders are expected to have decreased in April by BHF−Bank
EMU industrial new orders are expected to have decreased in April, just like the corresponding German figure. Despite the EMU trade balance having improved, the EMU current account is likely to have decreased in April, following its usual seasonal pattern.
[ Full Story ]Top Market Movers Review
Japan MERCHANDISE TRADE BALANCE TOTAL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 24 | 23:50 | Merchandise Trade Balance Total | ¥365.6B | ¥23.1B | ¥485.0B |
| Jun 24 | 23:50 | Adjusted Merchandise Trade Balance | ¥642.3B | ¥413.4B | ¥609.2B |
Japan trade surplus falls 7.6 percent in May, but beats forecast − UPDATE (Thomson Financial News)
Japan's merchandise trade surplus fell 7.6 percent to 365.61 billion yen ($3.39 billion) in May from a year earlier as surging prices of crude oil and other commodities lifted imports while exports slowed due to weaker demand in the U.S. and EU, the Ministry of Finance said on Wednesday. The surplus was still much bigger than the 210 billion yen that economists had expected, according to a survey by Thomson IFR Markets.
[ Full Story ]- Read the Trade Statistics report at Japan Ministry of Finance
- Japan trade surplus shrinks for third straight month on high oil prices UPDATE 2 (Thomson Financial News)
- Japan trade figures with Asian countries in May (Thomson Financial News)
- Japan May trade figures with Asia, US and EU (Thomson Financial News)
US ABC/WASHINGTON POST CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 24 | 21:00 | ABC/Washington Post Consumer Confidence | -43 | - | -44 |
ABC/Wash Post: US Consumer Confidence Up 1 Pt In Latest Wk (Dow Jones)
U.S. overall consumer confidence rose last week, according to an ABC News/Washington Post poll released Tuesday. The consumer comfort index rose 1 point to −43 in the week ended June 23, from −44 a week earlier. According to the survey, 14% of respondents expressed confidence in the economy, up from 13% the week before. Also, 49% of those polled said their own finances were in good standing, up from 48% in the prior week.
[ Full Story ]- Read the Consumer Confidence report at Washington Post website
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 25 | 07:39 | DE | Consumer Price Index (MoM) (Jun)  | 0.3% | 0.6% | |
| 07:39 | DE | Consumer Price Index (YoY) (Jun) | 3.3% | 3.0% | ||
| 07:39 | UK | Nationwide Housing Prices n.s.a (YoY) (Jun) | -6.4% | -4.4% | ||
| 07:39 | UK | Nationwide Housing Prices s.a (MoM) (Jun) | -1.0% | -2.5% | ||
| 08:30 | EMU | ECB Trichet's Speech (May) | ||||
| 09:00 | EMU | Industrial New Orders (YoY) (Apr) | 2.7% | -2.5% | ||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Apr) | -0.5% | -1.0% | ||
| 10:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Jun) | -16 | -14 | ||
| 11:00 | US | MBA Mortgage Applications (Jun 20) | -8.8% | |||
| 12:30 | US | Durable Goods Orders (May) | 0.0% | -0.5% | ||