Thursday, Jun 26, 07:28 GMT
EUROPEAN Trading Newsletter
The Forex Game: Training Week
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To Get Started
- Webinar VIDEOS: The Day Trading Coach - Tips, Tricks and Strategies for Day Traders by Markus Heitkoetter
- Streaming Forex Charts: 22 currency pairs and 21 technical indicators, FREE! by Netdania/FXCM
- FX Market Readings: EURO and GBP are to make volatile moves for a day... by Dr. S. Sivaraman
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Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Jun 26, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Jun 26, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 26, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, Jun 26, 13:30 GMT | US Session Open  | Ed Ponsi | WBN |  |
| Thu, Jun 26, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Jun 26, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.5675) Has met 2nd target off 1.5483 and in channel off 1.5302 by KBC Bank
Sharp rebound off 1.5302 has met 2nd target of Double Bottom off 1.5483 (1.5664) and in channel off 1.5302 (see graph): 1st Support area at 1.5651 (previous reaction high), with next levels at 1.5607/ .5598 (daily Short Term Moving Average↑/ daily envelope bottom), ahead of 1.5547/ .5527 (daily Bollinger midline/ break−up hourly + daily Medium Term Moving Average↑): ideal area to stay above to keep current mood intact on €.
- 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:
Daily Market Commentary − The dollar spiked wildly both ways by Global Forex Trading
Technical Trader Closing Brief − Volatile Fed Announcement Session Sees Nasdaq Leading Market Higher by The Technical Trader
Banks' Analysis
Daily Technical Analysis − EUR: Attempt longs at 1.5670, adding to 1.5575 by Mizuho Corporate Bank
Today's Technical Trading Points by Danske Bank A/S
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
EURO and GBP are to make volatile moves for a day... by Dr. S. Sivaraman, of i−knowindices.com
GBP/USD Evening (NY) Video Update by James Chen, Chief Technical Analyst, at FX Solutions
Currencies at a Glance
- EUR/USD
- Moves down towards pivot level 1.5629
06/26/2008 07:04 GMT - GBP/USD
- Moves down below pivot level 1.9725
06/26/2008 07:04 GMT - USD/CHF
- Moves up above pivot level 1.0379
06/26/2008 07:05 GMT - USD/JPY
- Moves up towards first resistant level 108.27
06/26/2008 07:05 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 M3
| Date (GMT) | Event | Cons. | Previous | |
| Jun 26 | 08:00 | M3 (YoY) | 10.4% | 10.6% |
EMU economic indicators - M3 growth will probably have fallen to 10.3% yoy in May by BHF−Bank
M3 rose strongly in April, as more than €100bn of fresh funds were channeled into time deposits within one month. Against this background, M3 growth accelerated from 10.3 to 10.6 % yoy.
[ Full Story ]Top Market Movers Review
Germany IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 26 | 06:00 | Import Price Index (MoM) | 2.4% | 1.5% | 0.9% |
| Jun 26 | 06:00 | Import Price Index (YoY) | 7.9% | 6.9% | 5.7% |
German May import prices up 2.4 pct vs April; up 7.9 pct yr−on−yr (Thomson Financial News)
German May import prices rose 2.4 percent from April and were up 7.9 percent compared with May last year, driven by higher fuel costs, according to the Federal Statistics Office.
[ Full Story ]- Read the Import Prices data at German Statistics
- German import prices grow above expectations in May (FXstreet.com)
- Germany Import Price Index increases 2.4% in May; 7.9% up year on year (FXstreet.com)
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 25 | 18:15 | Fed Interest Rate Decision | 2% | 2% | 2% |
The Federal Reserve leaves Funds Rate unchanged at 2.0% (FXstreet.com)
The Federal Reserve's Monetary Policy Committee has decided to leave its Fund Rate unchanged at 2%, as widely expected, after their monthly monetary policy meeting. The Fed affirms that easing of monetary policy plus measures to support market liquidity should promote economic growth.
[ Full Story ]- Read the official data al the Federal Reserve
- Forex − Dollar steady in afternoon trade after Fed fails to surprise market (Thomson Financial News)
- Japanese govt bonds end morning mixed, short tenors in demand after FOMC (Thomson Financial News)
- Forex − Dollar falls further against euro on weak rate hike signal from Fed (Thomson Financial News)
Technical Trader Closing Brief - Volatile Fed Announcement Session Sees Nasdaq Leading Market Higher by The Technical Trader
Daily Forex Strategy Briefing - No Signs Fed Will Walk the Walk by CMS Forex
European and US summary - FOMC Unchanged, Increased Risks to Inflation by Forexnews.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 25 | 22:45 | NZ | Current Account (1Q) | -2.20B | -1.67B | -3.40B |
| Jun 26 | 00:00 | AU | Conference Board Australia Leading Index (Apr) | 0.3% | -0.4% | |
| 06:00 | DE | Import Price Index (MoM) (May) | 2.4% | 1.5% | 0.9% | |
| 06:00 | DE | Import Price Index (YoY) (May) | 7.9% | 6.9% | 5.7% | |
| 08:00 | EMU | M3 (YoY) (May) | 10.4% | 10.6% | ||
| 08:30 | UK | Total Business Investment (QoQ) (1Q) | -1.4% | 1.8% | ||
| 08:30 | UK | Total Business Investment (YoY) (1Q) | 3.7% | 5.3% | ||
| 12:00 | DE | Consumer Price Index (MoM) (Jun)  | 0.3% | 0.6% | ||
| 12:00 | DE | Consumer Price Index (YoY) (Jun) | 3.3% | 3.0% | ||
| 12:30 | US | Continuing Jobless Claims (Jun 14) | 3200K | 3060K | ||