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Forex Blogs
The Disciplined Trader: EUR/USD alternate count by Pierre Charlebois
I'm posting another possible count as after reviewing the previous one it simply appears that wave 3 would be coming in far too short of the top. So here is an alternate...
FX Market Readings: EURO and GBP are expected swing with downward stop hunt and rise by Dr. S. Sivaraman
Chartology: USD/JPY breakout going into Asian session by Raghee Horner
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| Wed, Jul 1, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
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| Wed, Jul 1, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN |  |
| Wed, Jul 1, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
Current Session: Europe
Dovish comments from Fed's Yellen put the brakes on the dollar's rebound
FXstreet.com − The first half of 2009 closed with a quick change in direction for the greenback after the US consumer confidence numbers for June disappointed. The Conference Board's monthly index fell to 49.3 versus an expected 55.3 and 54.9 the previous month, marching in tandem with the deterioration in the weekly ABC data series. This was enough to negate the brighter numbers from the Chicago PMI which beat forecasts with 39.9 versus 39.0 expected. The USD received a lift from a reduction in risk appetite while Wall St slumped.
GBP/USD
Daily Technical Analysis − Attempt small longs at 1.6420 by Mizuho Corporate Bank
The strongest monthly close since September and a quarterly close over 20 cents above the previous one underlines how far Cable has moved in the last 12 months (high 2.0162 and low 1.3500).
EUR/USD
EUR/USD gone back where they were before and that is neutral position, no trend yet by Forex−Trends.com
Bulls were not able to keep up their strength and they had to surrender against bears by sharp move down. For now we might expect to see another...
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 | |
| Jul 1 | 08:30 | Purchasing Manager Index Manufacturing | 46.4 | 45.4 |
Friday Notes - UK, PMI: The worst is behind us by UniCredit Group
The May PMIs showed a sizeable improvement, sweeping away any doubts that the worst of the recession is behind us. Now, the question remains about the speed of the recovery, given the impressive pace of improvements we have seen in business surveys. While we think that the manufacturing PMI might mark a further improvement to 46 in June, the services counterpart could hardly keep rising at the same speed seen in the last months. We are penciling in a modest decline to 51.2 points.
[ Full Story ]EMU economic indicators - PMI: Likely unchanged by BHF−Bank
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jul 1 | 14:00 | ISM Manufacturing | 46.8 | 42.8 |
Fundamental Forex Foundations - Institute for Supply Management (ISM) Manufacturing by FXstreet.com Independent Analyst Team
[ Full Story ]US: ISM preview, June by Danske Bank A/S
Top Market Movers Review
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 1 | 06:00 | Retail Sales (MoM) | 0.4% | -0.1% | 0.5% |
| Jul 1 | 06:00 | Retail Sales (YoY) | -2.9% | - | -0.3% |
DATA SNAP: German May Retail Sales Up 0.4% From April (Dow Jones)
[ Full Story ]- Read the Retail Sales data at German Statistics
- UPDATE: German May Retail Sales Up 0.4% From April (Dow Jones)
- Germany May Retail Sales rise 0.4% MoM (FXstreet.com)
Japan TANKAN LARGE MANUFACTURING OUTLOOK
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 30 | 23:50 | Tankan Non − Manufacturing Index | -29 | -27 | -31 |
| Jun 30 | 23:50 | Tankan Large Manufacturing Outlook | -30 | -34 | -51 |
| Jun 30 | 23:50 | Tankan Large All Industry Capex | -9.4% | -6.9% | -6.6% |
BOJ Jun Tankan:Big Mfrs DI Improves; 1st Time Since Dec 2006 (Dow Jones)
[ Full Story ]- Read the Manufacturing data at Bank of Japan
- BOJ June Tankan Survey Table Of Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 1 | 06:00 | DE | Retail Sales (MoM) | 0.4% | -0.1% | 0.5% |
| 06:00 | DE | Retail Sales (YoY) | -2.9% | -0.3% |
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| 06:30 | AU | RBA Commodity Index SDR (YoY) (Jun) | -29.3% | -23.4% |
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| 07:30 | CH | SVME − Purchasing Managers' Index (Jul) | 41.8 | 41.0 | 39.8 | |
| 07:55 | DE | Purchasing Manager Index Manufacturing (Jun) | 40.5 | 39.6 | ||
| 08:00 | EMU | Purchasing Manager Index Manufacturing (Jun) | 42.4 | 40.7 | ||
| 08:30 | UK | Index of Services (Apr) | 0.2% | -1.2% | ||
| 08:30 | UK | Purchasing Manager Index Manufacturing (Jun) | 46.4 | 45.4 | ||
| 11:00 | US | MBA Mortgage Applications (Jun 26) | 6.6% | |||
| 12:15 | US | ADP Employment Change (Jun) | -388K | -532K | ||