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Forex Blogs
The Day Job Trader: Loonie 1−2−3? by Ryan O'Keefe
I'm back on the trading desk following a long weekend, I hope you are all doing wonderful! Tonight I'm pondering whether or not the Loonie rally has seen it's days, at least for the short term.
The Trader's Edge: EUR/USD - European session update by Ross Yamashita
Forex Trading Today: Potential Levels of Correction In Sight Despite Price Appreciation by Tim Salem
Share your opinions with your fellow traders at FXstreet.com Forum
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Expert: Mark De La Paz
Start: Wed, Jun 10, 09:00 GMT
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Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jun 10, 10:00 GMT
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Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jun 10, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jun 10, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jun 10, 13:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN |  |
| Wed, Jun 10, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
Current Session: Europe
Corrective cycle to as low as 1.3805 seem over
E−Forex − The corrective cycle to as low as 1.3805 seem over and the euro returned on the upside zone, trying to breach above the 1.4100 mark at the time of this writing. Positive momentum regained strength on yesterday's 250 points climb. Intra−day support is now formed at 1.4050/60 backed by 1.4000 and 1.3950/60. Upside barriers are emerging at 1.4135 − 61.8% of 1.4340−1.3805 and 1.4175/00. More notable barrier is set by the recent top side at 1.4340.
GBP/USD
Currency Majors Technical Perspective − Possible Negation of the entire Previous Downleg from June 4th, by FXstreet.com Independent Analyst Team
Deeply Bullish Sentiment is seen as the 20SMA/200SMA Hourly Bearish Cross is looking to possible Negation of the entire Previous Downleg from June 4th, resulting in an Hourly "v'−Shaped Reversal.
USD/JPY
Daily Technical Analysis − USD/JPY: Expect more cautious random small swings today by Mizuho Corporate Bank
Dropping below a thin Ichimoku ‘cloud', hovering at its lower edge, above moving averages. 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
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 10 | 08:30 | Industrial Production (MoM) | -0.1% | -0.6% |
Friday Notes - UK Industrial Production: Q2 to start on a less weaker note by UniCredit Group
Even though all surveys of manufacturing activity had underestimated the descent in production in Q1 2009, signals that they have bottomed out at the end of Q1 are quite clear. Both the manufacturing PMI and the CBI (expected output) point to a remarkable increase in manufacturing output in April.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 10 | 06:00 | Consumer Price Index (YoY) | 0.0% | -0.1% | 0.7% |
| Jun 10 | 06:00 | Consumer Price Index (MoM) | -0.1% | 0.0% | 0.0% |
Germany CPI Dn To 0% On Yr In May, Vs 0.7% On Yr in April (Dow Jones)
Germany's consumer price index fell to 0% on year in May from 0.7% on year in April, final data from the federal statistics agency showed Wednesday, confirming a previously released estimate.
[ Full Story ]- Germany May CPI falls 0.1% MoM, down to 0% YoY (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 10 | 00:30 | AU | Westpac Consumer Confidence (Jun) | 12.7% | -4.3% | |
| 01:30 | AU | Home Loans (Apr) | 0.9% | 1.6% | 4.9% | |
| 06:00 | DE | Consumer Price Index (MoM) (May) | -0.1% | 0.0% | 0.0% | |
| 06:00 | DE | Consumer Price Index (YoY) (May) | 0.0% | -0.1% | 0.7% | |
| 08:30 | UK | Goods Trade Balance (Apr) | -£6.4K | -£6.6B | ||
| 08:30 | UK | Industrial Production (MoM) (Apr) | -0.1% | -0.6% | ||
| 08:30 | UK | Industrial Production (YoY) (Apr) | -12.4% | -12.4% | ||
| 08:30 | UK | Manufacturing Production (MoM) (Apr) | -0.1% | -0.1% | ||
| 08:30 | UK | Manufacturing Production (YoY) (Apr) | -12.6% | -12.9% | ||
| 08:30 | UK | Total Trade Balance (Apr) | -£2.4K | -£2.5B | ||