Tuesday, Jun 05, 11:12 GMT
U.S. Trading Newsletter
To Get Started
- Forex Trader of the Year 2007 Contest Offering $500,000 prizes
- The Signals Tracker: track down the performance of a particular signal provider
- Check out all our Delivery Options
- Visit the rest of our newsletters and subscribe now!
Send us your feedback. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
Raghee Horner's Four Step Trading: Forex
Expert: Raghee Horner
Start: Tue, Jun 5, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Jun 5, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, Jun 5, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Tue, Jun 5, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN | |
| Tue, Jun 5, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
| Tue, Jun 5, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
| Wed, Jun 6, 10:00 GMT | What moves currencies? - ECB Impact on the Markets | Tony Juste | WBN |  |
Current Session: Europe - U.S.
EUR/USD
Daily Forex Technical Report - Dollar & Yen Remain Pressured in a Services Day by ActionForex.com
EUR/USD's rebound from 1.3391 reached as high as 1.3505 so far and remains firm. As discussed before, corrective fall from 1.3681 has likely completed with three waves down to 1.3391 already. Bullish convergence condition in 4 hours MACD and RSI as well as nearly meeting of 100% projection target of 1.3681 to 1.3461 from 1.3609 at 1.3389 are both supporting this case.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Trade Alert/Idea (intraday): EUR/USD & EUR/CHF by Tony Juste
- The Signals Tracker: track down the performance of a particular signals provider
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Trade Analysis - Short Range Trading for EURUSD today by AMZ Capital
EUR/JPY Daily Technical Forex - EUR/JPY Daily Technical Forex by Stoploss.ch
The Word of Majors - EUR: The market is hammering out a base above the key 1.3367 support by FXstreet.com
Majors at a Glance
- EUR/USD
- Moving up above first resistant level 1.3514
06/05/2007 11:06 GMT - GBP/USD
- Moves up above yesterday high 1.9925 , above pivot level 1.9884
06/05/2007 11:06 GMT - USD/CHF
- Moves down toward first support level 1.2198
06/05/2007 11:06 GMT - USD/JPY
- Back below pivot level 121.80
06/05/2007 11:06 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ISM NON-MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jun 5 | 14:00 | ISM Non-Manufacturing | 57 | 56 |
The Week Ahead - ISM Services, Productivity & ULC, Wholesale Inventories & Trade Balance by BBVA Bancomer
Supported by solid employment growth, the services sector will continue fueling economic activity through 2007. We expect the Nonmanufacturing ISM Index to show a sustained expansion of the services sector in May.
[ Full Story ]Top Market Movers Review
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 5 | 08:30 | Purchasing Manager Index Services | 57.2 | 57.0 | 57.2 |
UK CIPS May services PMI unchanged at 57.2 - sources (AFX News)
The UK's services sector, which accounts for nearly three-quarters of the whole economy, continued to expand at a brisk pace during May, while price pressures appeared to be easing, sources said of a key survey. They said the business activity purchasing managers' index from the Chartered Institute of Purchasing and Supply was unchanged at 57.2. A reading above 50 indicates expansion.
[ Full Story ]- Chartered Institute of Purchasing and Supply homepage
- Forex - Euro, pound steady after in-line PMIs fail to alter outlook for rates (AFX News)
- MARKET COMMENT: London Stocks Stay Up Post UK PMI (Dow Jones)
- UK May Services PMI At 57.2, Unchanged From April - Sources (Dow Jones)
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 5 | 08:00 | Purchasing Manager Index Services | 57.3 | 57.2 | 57.0 |
Euro-Zone May Services PMI 57.3 Vs 57.0 In Apr - Sources (Dow Jones)
The purchasing managers index for the euro zone's dominant service sector rose to 57.3 in May from 57.0 in April, market sources said Tuesday. The rise in the PMI - which signals a pickup in activity - was unexpected.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 5 | 08:00 | EMU | Purchasing Manager Index Services (May) | 57.3 | 57.2 | 57.0 |
| 08:30 | UK | Purchasing Manager Index Services (May) | 57.2 | 57.0 | 57.2 | |
| 09:00 | EMU | Retail Sales (MoM) (Apr) | 0.2% | 0.5% | 0.4% |
|
| 09:00 | EMU | Retail Sales (YoY) (Apr) | 1.6% | 2.6% | ||
| 14:00 | US | ISM Non-Manufacturing (May) | 57 | 56 | ||
| 23:30 | AU | RBA Interest Rate Decision | 6.25% | 6.25% | ||
| Jun 6 | 05:00 | JP | Leading Economic Index (Apr)  | 20.0 | 36.4 | |
| 10:00 | DE | Factory Orders (MoM) (Apr) | -1.5% | 2.4% | ||
| 10:00 | DE | Factory Orders (YoY) (Apr) | 9.0% | 9.9% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 4.00% | 3.75% | ||