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Forex Blogs
FX Path: Forex Levels to Watch (Week of Jun 1−5, 2009) by James Chen
Here are some key support/resistance price areas to watch for (breaks/bounces/targets) in the forex market during the upcoming trading week of June 1−5, 2009:
EUR/USD − Support 1.4050 / Resistance 1.4360
USD/JPY − Support 94.50 / Resistance 97.20
FxBootcamp: Weekly Pivot Points by Wayne McDonell
Trade Setups: Forex Video 01 June ‘09 Analysis by Phil Newton
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 1, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 1, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jun 1, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jun 1, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jun 1, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe
FXstreet.com Independent Analyst Team − Hourly charts point for a downside correction at Asia opening, as the pair already gave up 50 pips from the opening. Indicators in bigger time frames remain overbought, so if pair manages to break under 20 SMA now at 1.4080 also daily pivot point, correction could extend to the 1.4025 zone, 38.2% of the last up leg. 1.4180 is the zone to watch for a break higher, as it represents the 50% of the monthly 1.6018/1.2330.
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EUR/USD
Forex Analysis on Majors − Euro's Bullish Trend Continues by Forex Ltd
The long positions opened before had positive result of the achievement of main estimated targets. OsMA trend indicator marks renewed May's high by a sign of rate overbought...
GBP/USD
Forex Chartist Technical Analysis − Sterling broke higher and the market has continued with strength this morning reaching by GCI
You have good resistance at 1..6346 and sellers may come in at these higher levels after getting burnt on Friday. However the major resistance comes from the long term charts at 1.6446/50.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jun 1 | 08:30 | Purchasing Manager Index Manufacturing | - | 42.9 |
Friday Notes - UK, PMI: Further signs of improvement by UniCredit Group
The PMIs have apparently bottomed out, signaling that the worst in terms of GDP growth was likely recorded in Q1. In April, both PMIs had a big jump, which should not be repeated in May, in our view. Still, we see a moderate increase for the manufacturing and services index, respectively to 43.5 (from the previous 42.9) and 49 (from the previous 48.7). Signs of recovery in the global cycle and a sizeable stock depletion so far bode well, in particular for the manufacturing sector.
[ Full Story ]Top Market Movers Review
Australia RETAIL SALES TREND
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 1 | 01:30 | Retail Sales Trend (MoM) | 0.3% | 0.5% | 2.2% |
DATA SNAP: Australian Apr Retail Sales Up 0.3% Vs Mar (Dow Jones)
Australian retail sales rose a lower−than−expected 0.3% to a seasonally adjusted A$19.35 billion in April from A$19.30 billion in March and rose from A$18.13 billion a year earlier, the Australian Bureau of Statistics said Monday. Economists surveyed ahead of the announcement on average had expected a 0.5% rise in sales for April.
[ Full Story ]- Read the Retail Sales data at Australian Bureau of Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 1 | 00:00 | DE | Whit Monday Market Holiday | |||
| 05:30 | AU | RBA Commodity Index SDR (YoY) (May) | -23.0% | -17.8% |
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| 07:55 | DE | Purchasing Manager Index Manufacturing (May) | 39.6 | 39.1 | 39.1 | |
| 08:00 | EMU | Purchasing Manager Index Manufacturing (May) | 40.5 | |||
| 08:30 | UK | Purchasing Manager Index Manufacturing (May) | 42.9 | |||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Apr) | 0.2% | |||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Apr) | 1.8% | |||
| 12:30 | CA | Gross Domestic Product (MoM) (Mar) | -0.1% | |||
| 12:30 | CA | Industrial Product Price (MoM) (Apr) | 0.3% | |||
| 12:30 | US | Personal Consumption Expenditure Deflator (Apr) | 0.6% | |||
Educational Resources
Seasonal Patterns are simply cycles in a Commodity's life that repeat on a consistent basis year after year. This creates opportunities in outright Futures or Spread positions that fall in an optimized window in time. Read full Lessons from the Pros report!
Webinar - Correlations: commodities and small dollars with Valeria Bednarik on Jun 2 at 15:00 GMT - Register now!
Webinar Recording - The Relationship between Commodities and the Foreign Exchange Market by Dan Blystone
Webinar Recording - Seasonal Patterns for Grain Traders by Carley Garner
Check Carley Garner's book Commodity Options