Tuesday, Jun 09, 07:44 GMT
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Forex Blogs
The Trader's Edge: EUR/USD Key Price Levels by Ross Yamashita
What a day last Friday. We saw the EUR/USD go up a little bit then freefall down. We hope that everyone was on the right side of the trade on that one.
Forex Trading Today: The Queen and Her Cross See Breaks of Appreciation by Tim Salem
The Disciplined Trader: USD/Index - Potential Elliott Wave countby Pierre Charlebois
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jun 9, 14:00 GMT
Type of Session: Webinar
Understanding Market Rhythm − Part 2
Expert: Lea Peters
Start: Tue, Jun 9, 19:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 9, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jun 9, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Jun 9, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Jun 9, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
Buyers will feel more confident above 1.6040
Charmer Charts.com − 1.5960 holding does keep the market quite buoyant in the short term and does project this back above 1.6040. Buyers will feel more confident once back above this resistance and should then provoke a move higher with 1.6110/17 the short term objective. This is the short term 50% fib level and as such sellers will be out at this point. Buyers to take profits which should help cap initially. However if back above 1.6120 look for between 1.6210 and 1.6280 to entice.
EUR/USD
Currency Majors Technical Perspective − EUR/USD: Slightly Bullish Hourly Consolidation is seen as is Price is held by the 20SMA by FXstreet.com Independent Analyst Team
Slightly Bullish Hourly Consolidation is seen as is Price is held by the 20SMA acting as Dynamic Resistance. The Hourly 20SMA/200SMA Bearish Cross is keeping Pressure to the Downside as Price attempts to gain through the Dynamic Resistance at 1.3902.
USD/JPY
Daily Technical Analysis − JPY: Expect more cautious random small swings today and probably all week by Mizuho Corporate Bank
Hovering above the top of the Ichimoku ‘cloud', which gets very thin at the end of next week, the summer solstice. Expect more cautious random small swings today and probably all week.
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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 9 | 10:00 | Industrial Production s.a. (MoM) | -0.2% | 0.0% |
| Jun 9 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | -21.1% | -20.4% |
EMU economic indicators - Output in the German producing sector (April): decrease likely by BHF−Bank
Output in the German producing sector will probably have decreased in April, just like the ifo Institute's current assessment of the situation in the manufacturing sector.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 9 | 06:00 | Trade Balance | 9.4B | 9.4B | 11.3B |
DATA SNAP: German Apr Trade Surplus EUR9.4B Vs EUR11.3B Mar (Dow Jones)
Germany's April trade activity showed the greatest shortfall in exports on record, but the surplus accumulated was broadly in line with expectations, the federal statistics office said Tuesday.
[ Full Story ]- Germany Apr trade surplus down to 9.4B (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 9 | 05:00 | JP | Coincident Index (Apr)  | 85.8% | 86.0% | 84.8% |
| 05:00 | JP | Leading Economic Index (Apr) | 76.5 | 77.3 | 75.5 |
|
| 06:00 | JP | Machine Tool Orders (YoY) (May) | -79.3% | -80.4% | ||
| 06:00 | DE | Trade Balance (Apr) | 9.4B | 9.4B | 11.3B | |
| 08:30 | UK | DCLG House Price Index (YoY) (Apr) | -13.2% | -13.6% | ||
| 10:00 | DE | Industrial Production s.a. (MoM) (Apr) | -0.2% | 0.0% | ||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Apr) | -21.1% | -20.4% | ||
| 14:00 | US | Wholesale Inventories (Apr) | -1.1% | -1.6% | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jun 7) | -49 | |||
| 23:50 | JP | Core Machinery Orders (MoM) (Apr) | -0.2% | -1.3% | ||
New Rob Booker's ebook: Man vs. Market
Is it Man versus Market? Or something else entirely?
It's you against the Market, that's what they'll tell you. But if we stop for a moment, what do we see? Is it maybe the contrary, Man versus Market?
Read Rob Booker's last ebook... A little entertaining lesson about trading and your relationship with the market, the rest of traders and yourself.
Related Resources
Previous Rob Booker's ebook - It's 2009. Get Your Trading S*** Together, Man!
Meet Rob in person at the ITC '09 Barcelona!