Monday, Jun 02, 10:54 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: How New US Regulations on the Financial Markets will Affect Currency Trading by Rob Booker
- Chart of the Week: The Decelerating Cable? by FXstreet.com
- LIVE: Dan Blystone's Daily Briefing, 12:30 GMT
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Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, Jun 2, 12:30 GMT
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jun 2, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 2, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jun 2, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Mon, Jun 2, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jun 2, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Daily Trading Forecast − U.S. Dollar Picking up Strength Again? by Swiss e Trade AG
The GBP / USD took a severe beating this morning based on ugly UK economic data and is currently trading at 1.9620, near its support level of 1.9600. We expect this support to hold for the time being because of the heavily oversold situation. Wait for a correction upwards before entering any short positions.
- Dan Blystone's Daily Briefing
- Trading with Bollinger Bands and the ATR John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Other Topics for this Session:
Forex Analysis on Majors − Forecast on eur / usd / gbp / jpy / chf by Forex Ltd
Currency Performance
CAction Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves down below pivot level 1.5528
06/02/2008 10:18 GMT - GBP/USD
- Moves down towards second support level 1.9636
06/02/2008 10:18 GMT - USD/CHF
- Trades below pivot level 1.0452
06/02/2008 10:18 GMT - USD/JPY
- Trades below pivot level 105.47
06/02/2008 10:18 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, 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 MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jun 2 | 14:00 | ISM Manufacturing | 48.5 | 48.6 |
Daily Forex Technical Report − Dollar Steady ahead of ISM, Sterling Tumbles by ActionForex.com
Markets expect the ISM manufacturing index to stay in contraction region below 50 for the fourth consecutive month at 49 in May. Price index is expected to continue the up trend and edge higher from 84.5 to 85.0.
[ Full Story ]- Ahead of the Bell: Manufacturing Index (Thomson Financial News)
Wakeup Call on Forex Markets - ISM Manufacturing to Provide for Direction by Saxo Bank
Forex Trading Strategies - New week gets underway with EuroZone and US manufacturing surveys up today by Saxo Bank
Top Market Movers Review
UK PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 2 | 08:30 | PMI Manufacturing | 50.0 | - | 50.8 |
UK May manufacturing PMI falls to 50.0 from 50.8 in April − sources UPDATE (Thomson Financial News)
The UK's manufacturing sector is flirting with a recession, showing no growth at all between April and May even as price components charged higher, according to a key survey.
[ Full Story ]- NTC Economics homepage
- UPDATE: Growth In UK Manufacturing Production Stalls In May (Dow Jones)
- UK Pound Falls On UK Banking Industry Concerns (Dow Jones)
- UK May manufacturing PMI falls to 50.0 from 50.8 in April − sources (Thomson Financial News)
EMU PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 2 | 08:00 | PMI Manufacturing | 50.6 | - | 50.7 |
| Jun 2 | 07:55 | PMI Manufacturing | 53.6 | - | 53.6 |
Euro Zone Manufacturing PMI edges down to 50.6 in May (FXstreet.com)
Manufacturing sector's activity has continued growing in May although art a slightly slower pace in May than in April, according to the latest PMI manufacturing index released by NTC economics.
[ Full Story ]- NTC Economics homepage
- UPDATE: Euro−Zone May Mfg PMI 50.6 Vs 50.7 In April (Dow Jones)
- Euro zone May manufacturing PMI revised to 50.6 vs 50.5 provisional − sources (Thomson Financial News)
- Euro−Zone May Mfg PMI 50.6 Vs 50.7 In April − Sources (Dow Jones)
Forex Trading Strategies - New week gets underway with EuroZone and US manufacturing surveys up today by Saxo Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 2 | 08:30 | UK | M4 Money Supply (MoM) (Apr) | 0.6% | 0.8% | |
| 08:30 | UK | M4 Money Supply (YoY) (Apr) | 11.1% | 11.9% | ||
| 08:30 | UK | M4 Sterling Lending (Apr) | £46.1B | £17.4B | ||
| 08:30 | UK | Mortgage Approvals (Apr) | 58K | 64K | 63K |
|
| 08:30 | UK | Net Consumer Credit (Apr) | 0.94B | 1.00B | 1.20B | |
| 08:30 | UK | PMI Manufacturing (May) | 50.0 | 50.8 |
||
| 13:30 | EMU | ECB Trichet's Speech | ||||
| 14:00 | US | Construction Spending (MoM) (Apr) | -0.6% | -1.1% | ||
| 14:00 | US | ISM Manufacturing (May) | 48.5 | 48.6 | ||
| Jun 3 | 01:30 | AU | Building Permits (MoM) (Apr) | -1.0% | -5.7% | |