Wednesday, Jun 27, 11:12 GMT
U.S. Trading Newsletter
To Get Started
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- Fed Meeting Preview by FXstreet.com
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Live Sessions Schedule
Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, Jun 27, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading the Divergence setup
Expert: Sunil Mangwani
Start: Wed, Jun 27, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Wed, Jun 27, 13:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN | |
| Wed, Jun 27, 14:00 GMT | Trading the Divergence setup | Sunil Mangwani | WBN | |
| Wed, Jun 27, 18:00 GMT | Live Look at Today’s Markets  | Derek Frey | WBN |  |
| Thu, Jun 28, 10:00 GMT | What moves currencies? | Tony Juste | WBN |  |
| Thu, Jun 28, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN |  |
Current Session: Europe - U.S.
EUR/JPY
Global FX Daily - U.S. Edition - JPY correction building up steam – downside risk on EUR-JPY below 164.70 by Mellon Foreign Exchange
EUR-JPY moving below 164.70. This is a negative development and holds out the risk of a further pullback in the very short-term. Back above 165.25 is needed to steady the ship today. Potentially, any corrective move could extend as far as 161.50 in the short-term, although it will most likely require further marked losses in equity markets.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Read the latest technical analysis comments 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:
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
The Word of Majors - EUR: The current decline though could be limited to 1.3400 by FXstreet.com
Daily Technical Analysis - EUR/JPY: Dropping from the all-time high at 166.94 a little faster than we had expected by Mizuho Corporate Bank
Majors at a Glance
- EUR/USD
- Trades around first support level 1.3431
06/27/2007 10:59 GMT - GBP/USD
- Moves down toward second support level 1.9929
06/27/2007 10:59 GMT - USD/CHF
- Trades above pivot level 1.2282
06/27/2007 10:59 GMT - USD/JPY
- Continues to test second support level 122.36
06/27/2007 10:59 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - GBP/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 GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Jun 27 | 12:30 | Durable Goods Orders ex Transportation | 0.2% | 1.9% |
| Jun 27 | 12:30 | Durable Goods Orders | -1.0% | 0.6% |
US economic indicators - Durable goods orders will have decreased due to transportation by BHF-Bank
However, durable goods orders probably still went down in that month. For example, Boeing announced that its aircraft orders were a third lower than in April, and as car production decreased, vehicle orders are not likely to have rebounded.
[ Full Story ]- Ahead of the Bell: Mortgage Applications (Thomson Financial News)
Top Market Movers Review
UK CBI DISTRIBUTIVE TRADES SURVEY - REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 27 | 10:00 | CBI Distributive Trades Survey - Realized | 17 | - | 31 |
DATA SNAP: UK CBI June Retail Sales Volume +17 Vs May +31 (Dow Jones)
Sales volumes at U.K. retailers dropped back sharply in June as higher interest rates begin to bite, according to a survey by the Confederation of British Industry Wednesday. In its monthly distributive trades survey, the CBI said a balance of +17 of retailers reported higher sales in June compared with +31 in May.
[ Full Story ]- Reat the report: Second month of slower retail sales growth as consumers start to rein in spending at CBI
- Forex - Pound steady despite survey showing soft retail sales growth in June (Thomson Financial News)
- UK June retail sales balance falls to +17 pct, lowest since Nov - CBI (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 26 | 23:50 | JP | Large Retailer's Sales (May) | -0.8% | -1.8% | |
| 23:50 | JP | Retail Trade (YoY) (May) | 0.1% | -0.6% | ||
| Jun 27 | 09:30 | CH | KOF Swiss Leading Indicator (Jun) | 1.98 | 2.06 | 1.96 |
| 10:00 | UK | CBI Distributive Trades Survey - Realized | 17 | 31 | ||
| 12:30 | US | Durable Goods Orders (May) | -1.0% | 0.6% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (May) | 0.2% | 1.9% | ||
| 15:00 | DE | Consumer Price Index (MoM) (Jun) | 0.2% | 0.2% | ||
| 15:00 | DE | Consumer Price Index (YoY) (Jun) | 1.9% | 1.9% | ||
| 23:50 | JP | Industrial Production (MoM) (May)  | 1.0% | -0.2% | ||
| 23:50 | JP | Industrial Production (YoY) (May) | 2.3% | |||