Thursday, Jun 28, 11:07 GMT
U.S. Trading Newsletter
To Get Started
- FXstreet.com International Traders Conference: Come to Barcelona! Enjoy the Special Early Bird Discount
- Fed Meeting Preview by FXstreet.com
- Check out all our Delivery Options
- Kathy Lien's Team is back: Check the next Webinar's schedule
Send us your feedback. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Jun 28, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Raghee Horner's Four Step Trading: Forex
Expert: Raghee Horner
Start: Thu, Jun 28, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, Jun 28, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, Jun 28, 13:00 GMT | Raghee Horner's Four Step Trading: Forex  | Raghee Horner | WBN | |
| Thu, Jun 28, 14:00 GMT | Technical Analysis Q&A | Tony Juste | WBN |  |
| Thu, Jun 28, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN |  |
| Thu, Jun 28, 17:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN | |
Current Session: Europe - U.S.
GBP/USD
Forex Daily Analysis - GDP & US Interest Rates Decision by ForexYard
Daily chart implies an upcoming reversal with RSI at 86 and Slow Stochastic crossing at 93. On the 4 H chart, Slow Stochastic crossed at 91 which strengthened the assumption of the upcoming bearish trend, it seems that this pair will test the 2.0038 before a reversal will take place so going short would be the preferable strategy.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Recap of Oversold / Overbought readings at 09:40GMT 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
Global FX Daily - European Edition - Fed meeting in focus today by Mellon Foreign Exchange
Daily Forex Technical Report - Sterling Lifted by Strong House Price, FOMC Statement Closely Watched by ActionForex.com
Majors at a Glance
- EUR/USD
- Back below first resistant level 1.3469
06/28/2007 09:53 GMT - GBP/USD
- Trades around first resistant level 2.0015
06/28/2007 09:53 GMT - USD/CHF
- Back around pivot level 1.2289
06/28/2007 09:53 GMT - USD/JPY
- Moves up toward first resistant level 123.31
06/28/2007 09:53 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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Jun 28 | 12:30 | Gross Domestic Product Annualized | 0.8% | 1.3% |
Daily Global Commentary - Capital Spending Will Add to Q2 GDP, But By Only A Small Measure by Northern Trust
Inflation adjusted data for April and May indicate that capital spending will make a positive contribution to real GDP in the second quarter, close to a 5.0% annualized gain compared with a 2.0% increase in the first quarter.
[ Full Story ]- Special Webinar: Watch Live Coverage of the US GDP with Jerry Furst
- Ahead of the Bell: 1st-quarter GDP (Thomson Financial News)
Forex Daily Analysis - GDP & US Interest Rates Decision. by ForexYard
Top Market Movers Review
Germany UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 28 | 07:55 | Unemployment Change | -37K | -20K | 2K |
| Jun 28 | 07:55 | Unemployment Rate s.a. | 9.1% | 9.2% | 9.2% |
European Market Update - German Unemployment Rate Drops to Lowest Level Since 1995 by Trade The News
As expected German ILO unemployment was 6.4% for the month of May. Adjusted employment rose by 14K to 39.5M, the sixteenth consecutive monthly increase.
[ Full Story ]- Read the Employment in May 2007 – upward trend continues at German Statistics
- German June unadjusted jobless 3.687 mln, down 125,000 from May UPDATE (Thomson Financial News)
- DATA SNAP: German Jun Seas Adj Jobless -37,000 On Month -2- (Dow Jones)
- German June unadjusted jobless 3.687 mln, down 125,000 from May (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 28 | 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Jun) | 11.1% | 10.4% | 10.3% |
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Jun) | 1.1% | 0.6% | 0.5% | |
| 07:55 | DE | Unemployment Change (Jun) | -37K | -20K | 2K |
|
| 07:55 | DE | Unemployment Rate s.a. (Jun) | 9.1% | 9.2% | 9.2% | |
| 12:30 | US | Gross Domestic Product Annualized (1Q) | 0.8% | 1.3% | ||
| 12:30 | US | Initial Jobless Claims (Jun 23) | 310K | 324K | ||
| 16:00 | DE | Consumer Price Index (MoM) (Jun) | 0.2% | 0.2% | ||
| 16:00 | DE | Consumer Price Index (YoY) (Jun) | 1.9% | 1.9% | ||
| 18:15 | US | Fed Interest Rate Decision | 5.25% | |||
| 22:45 | NZ | Gross Domestic Product (QoQ) (1Q) | 1.0% | 0.8% | ||