Monday, Jun 30, 08:03 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: Understand & Use Fibonacci Ratio's Effectively by Sunil Mangwani
- Postcards From The Right Edge: Are You Surprised at the EUR/USD's Rise? by Rob Booker
- Multiple Currency Charts: Watch up to 4 charts at the same time!
- FX Market Readings: EURO and GBP expected to swing and slide... by Dr. S. Sivaraman
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Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Jun 30, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 30, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 30, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Jun 30, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jun 30, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Jun 30, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
USD/JPY
Daily Market Commentary − The dollar should remain under pressure today by Global Forex Trading
Dollar/yen sank aggressively, closing on Friday below the trendline rising since March 17. My model remains short, which is good, as a double top targeting 105.75 unfolded. Initial support is at 105.60 from a 50−point pivot that targets 105.10 and 106.10. Distant support is at 104.50 from another 50−point pivot, which targets 104.00 and 105.00. Immediate resistance is seen at 106.75 from another 50−point pivot, which targets 106.25 and 107.25.
- Dan Blystone's Daily Briefing − Webinar
- The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Longer−term Support and Resistance Trading: Setups and Rules Rob Booker, Founder and Host TraderRadio.net
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Daily Forex Technical Report − Yen Extends Recovery, Dollar Soft by ActionForex.com
Technical Trader Closing Brief − Blue Chips Fall to New Multi−Week Pullback Lows by The Technical Trader
The Mid−Day Minute − S&P 500 Pointing Towards Test of Jan−March Support Line by MPTrader.com
Banks' Analysis
orex Trading Strategies − Busy, US−holiday shortened week ahead with US ISM, US Employment Report and ECB Rate Decision by Saxo Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
Are You Surprised at the EUR/USD's Rise? by Rob Booker,
EURO and GBP expected to swing and slide ... by Dr. S. Sivaraman, of i−knowindices.com
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5781 , above pivot level 1.5766
06/30/2008 06:57 GMT - GBP/USD
- Trades around opening price level 1.9948 , above pivot level 1.9901
06/30/2008 06:57 GMT - USD/CHF
- Trades around opening price level 1.0185 , below pivot level 1.0205
06/30/2008 06:58 GMT - USD/JPY
- Moves down below first support level 105.60
06/30/2008 06:59 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jun 30 | 09:00 | Consumer Price Index (YoY) | 3.9% | 3.7% |
Friday Notes - EMU CPI: Further acceleration ahead by HVB Group
We see inflation accelerating further to 3.9% y−o−y in June. Upward pressure should still come from energy, as oil prices remain on a steadily rising trend. Strong non−core components will prevent any relief in headline inflation in the near term.
[ Full Story ]Top Market Movers Review
Japan HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 30 | 05:00 | Housing Starts (YoY) | -6.5% | - | -8.7% |
| Jun 30 | 05:00 | Annualized Housing Starts | 1.072M | - | 1.151M |
Japan May Housing Starts Down 6.5% On Year (Dow Jones)
Japan's housing starts fell 6.5% in May from a year earlier to 90,804 units, the Ministry of Land, Infrastructure and Transport said Monday. The result was worse than the 3.6% decline forecast by a Dow Jones and Nikkei poll of economists. That was the 11th straight month of declines. Housing starts fell 8.7% in April and dropped 15.6% in March.
[ Full Story ]- Japan housing starts fall 6.5 percent in May as fallout from rule change eases (Thomson Financial News)
UK GFK CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 29 | 23:01 | Gfk Consumer Confidence | -34 | - | -29 |
DATA SNAP: UK Consumer Confidence Weakest Since March 1990 (Dow Jones)
U.K. consumers are feeling gloomier than they have for 18 years, indicating that consumer spending could slow sharply in the months ahead, a survey by polling firm GfK NOP showed Monday. The survey's headline measure of consumer confidence fell to −34 in June from −29 in May, its lowest level since March 1990, when the U.K. was in the grip of recession.
[ Full Story ]- Read the Consumer Confidence report at Gfk NOP
- UK consumer confidence at close to record low in June − GfK NOP (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 30 | 03:00 | NZ | Business Confidence (May) | -38.7 | -49.7 | |
| 05:00 | JP | Annualized Housing Starts (May) | 1.072M | 1.151M | ||
| 05:00 | JP | Construction Orders (YoY) (May) | -25.2% | -8.4% | ||
| 05:00 | JP | Housing Starts (YoY) (May) | -6.5% | -8.7% | ||
| 08:30 | UK | Index of Services (Apr) | 0.3% | 0.5% | ||
| 08:30 | UK | M4 Money Supply (MoM) (May) | 0.5% | |||
| 08:30 | UK | M4 Money Supply (YoY) (May) | 11% | |||
| 08:30 | UK | M4 Sterling Lending (May) | £28.8B | |||
| 08:30 | UK | Mortgage Approvals (May) | 51K | 58K | ||
| 08:30 | UK | Net Consumer Credit (May) | 1.00B | 0.94B | ||