Friday, Jun 27, 07:35 GMT
EUROPEAN Trading Newsletter
Featured
Special Event
International Traders Conference 2008 by FXstreet.com
Don't miss the ITC, the most interactive Forex event of the year! 3 days, 8 speakers: Rob Booker, Lars Christensen, Dirk D. du Toit, Derek Frey, Sunil Mangwani, Phil Newton, Jamie Saettele and Sam Seiden. All will be leading Live Trading Sessions in direct contact with attendees!
The FXstreet.com International Traders Conference will be held in Barcelona (Spain) − October 29−31, 2008. It is sponsored by Interbank FX.
- Why attend? Watch ITC 2007's videos
- Enjoy our Early Bird Discount − Register before July 15th and save 200€!
- Check speakers list
- Venue: Barceló Atenea Mar in front of the beach!
To Get Started
- Webinar VIDEOS: Understand & Use Fibonacci Ratio’s Effectively by Sunil Mangwani
- Streaming Forex Charts: 22 currency pairs and 21 technical indicators, FREE! by Netdania/FXCM
- Postcards from the right edge: Hell is Not Punishment; It's a Scorned Trendline. EUR/USD by Rob Booker
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
The Forex Basic Training Program − Chapter IV
Expert: Wayne McDonell
Start: Fri, Jun 27, 08:00 GMT
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Fri, Jun 27, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jun 27, 08:00 GMT | The Forex Basic Training Program − Chapter IV | Wayne McDonell | WBN |  |
| Fri, Jun 27, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Jun 27, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Fri, Jun 27, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.5734) In channel off 1.5302 by KBC Bank
Sharp rebound off 1.5302, with pair in channel off 1.5302 (see graph): 1st Support area at 1.5693/ .5687 (daily envelope bottom/ break−up hourly), with next levels at 1.5649 (daily Short Term Moving Average↑), ahead of 1.5625/ .5621 (yesterday low/ break−up daily) and 1.5576 (break−up hourly): 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:
Market Session Recaps − Asia Session by FOREX.com
FXA Column − Eur/$, take nearer term profits...again... by FXA
Daily Market Commentary − The dollar should remain under pressure today by Global Forex Trading
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
Week end moves....... by Dr. S. Sivaraman, of i−knowindices.com
Decent GDP and Home Sales − But US Indexes Crater by Jerry Furst, Director Investors Education Network
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.5717
06/27/2008 07:05 GMT - GBP/USD
- Trades above pivot level 1.9832
06/27/2008 07:05 GMT - USD/CHF
- Trades around opening price level 1.0236 , below pivot level 1.0283
06/27/2008 07:08 GMT - USD/JPY
- Trades around opening price level 106.81 , below pivot level 107.19
06/27/2008 07:08 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 CURRENT ACCOUNT N.S.A
| Date (GMT) | Event | Cons. | Previous | |
| Jun 27 | 08:00 | Current Account s.a | - | -15.3B |
| Jun 27 | 08:00 | Current Account n.s.a | - | -7.8B |
EMU economic indicators - The German ifo business climate is expected to have deteriorated in June by BHF−Bank
Despite the EMU trade balance having improved, the EMU current account is likely to have decreased in April, following its usual seasonal pattern. Q1 French GDP is not likely to be revised significantly.
[ Full Story ]Top Market Movers Review
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 26 | 23:50 | Industrial Production (MoM) | 2.9% | 2.8% | -0.2% |
Japan May Indus Output +2.9% On Mo; Mkt Expected +2.5% (Dow Jones)
Japanese industrial production rose 2.9% in May, marking the first rise in three months, the Ministry of Economy, Trade and Industry said Friday. The rise beat the average expected 2.5% increase tipped by economists surveyed by Dow Jones and Nikkei. The figure is adjusted for seasonal factors.
[ Full Story ]- Read the Industrial Production report at Japan Ministry of Economy, Trade and Industry
Japan RETAIL TRADE S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 26 | 23:50 | Retail Trade (YoY) | 0.2% | 0.0% | 0.1% |
| Jun 26 | 23:50 | Retail Trade s.a (MoM) | 0.2% | - | -0.1% |
| Jun 26 | 23:50 | Large Retailer's Sales | -2.1% | -1.6% | -2.2% |
Japan's May retail sales up 0.2 percent on increased fuel spending (Thomson Financial News)
Retail sales in Japan rose 0.2 percent to 11.04 trillion yen ($103.2 billion) in May from a year earlier, helped by increased spending on fuel due to higher gasoline prices combined with higher spending on food purchases, the Ministry of Economy, Trade and Industry said on Friday. It was the tenth straight month that retail sales had risen and followed a 0.1 percent rise in April.
[ Full Story ]- Read the Retail Trade report at Japan Ministry of Economy, Trade and Industry
New Zealand GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 26 | 22:45 | Gross Domestic Product (QoQ) | -0.3% | -0.3% | 1.0% |
New Zealand economy contracts in Q1 on drought, high rates (Thomson Financial News)
New Zealand's economy fell 0.3 percent in the three months to March due to a slowdown in the drought−hit agricultural sector and as high interest rates hurt the construction industry and household spending, government data showed on Friday. The decline in the gross domestic product, which followed a 0.8 percent rise in the final quarter of 2007, matched market expectations.
[ Full Story ]- Read the Gross Domestic Product report at Statistics New Zealand
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 26 | 23:50 | JP | Industrial Production (MoM) (May)  | 2.9% | 2.8% | -0.2% |
| 23:50 | JP | Large Retailer's Sales (May) | -2.1% | -1.6% | -2.2% | |
| 23:50 | JP | Retail Trade (YoY) (May) | 0.2% | 0.0% | 0.1% | |
| 23:50 | JP | Retail Trade s.a (MoM) (May) | 0.2% | -0.1% | ||
| Jun 27 | 08:00 | DE | Bloomberg Retail PMI (Jun) | 56.6 | ||
| 08:00 | EMU | Bloomberg Retail PMI (Jun) | 53.1 | |||
| 08:00 | EMU | Current Account n.s.a (Apr) | -7.8B | |||
| 08:00 | EMU | Current Account s.a (Apr) | -15.3B | |||
| 08:30 | UK | Current Account (1Q) | -£12.1B | -£8.5B | ||
| 08:30 | UK | Gross Domestic Product (QoQ) (1Q) | 0.4% | 0.6% | ||