Tuesday, Jun 03, 11:04 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
- Video Analysis for the Majors by PFX Team
- Stay up-to-date with the Latest Futures News
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Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Tue, Jun 3, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jun 3, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 3, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jun 3, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Jun 3, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Tue, Jun 3, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
EUR/USD
Technical Summary for Majors − Gains from 1.5285, 08 May low were capped by 1.5814/18, 22/27 May highs by Windsor Brokers Ltd
Gains from 1.5285, 08 May low were capped by 1.5814/18, 22/27 May highs. Reversal from there reached 1.5461 on 30 May, marking over 61.8% retracement of the 1.5285/1.5818 upleg. Bounce higher was followed by consolidation phase above 1.5487/1.5520 support, with the latest push higher having cleared 1.5607 resistance and extending to 1.5628 so far. This averts immediate fears of fresh slide below 1.5461 and turns focus towards 1.5660/67 instead.
- 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
Weekly Analysis
Weekly Forex Outlook − USD makes good gains last week on weaker commodities by Easy Forex
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Continues to move up above first resistant level 1.5587
06/03/2008 09:56 GMT - GBP/USD
- Moves up back around pivot level 1.9679
06/03/2008 09:56 GMT - USD/CHF
- Continues to move down below first support level 1.0316
06/03/2008 09:56 GMT - USD/JPY
- Moves down towards first support level 103.77
06/03/2008 09:56 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 FED'S BERNANKE SPEECH
| Date (GMT) | Event | Cons. | Previous | |
| Jun 3 | 13:00 | Fed's Bernanke Speech | - | - |
Daily Forex Technical Report − RBA on Hold, Bernanke Watched by ActionForex.com
Dollar, on the other hand, is a touch softer against Euro and steady against Sterling and Aussie so far. Focus turns to today's speech from Bernanke on hints of Fed's next move. Futures are pricing 98% probability that Fed will be unchanged in June.
[ Full Story ]Asia Market Update - USD mixed ahead of Bernanke speech by TradeTheNews.com
Daily Fx Strategy - Bernanke's Speech Will Also be Key by CMC Markets
Top Market Movers Review
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 3 | 09:00 | Gross Domestic Product s.a. (QoQ) | 0.8% | 0.7% | 0.3% |
| Jun 3 | 09:00 | Gross Domestic Product s.a. (YoY) | 2.2% | 2.2% | 2.1% |
DATA SNAP: Euro−Zone Invest Boom Drove Stronger 1Q Rebound (Dow Jones)
An unexpected boom in investment spending fueled a stronger than estimated rebound in the euro−zone economy during the first three months of the year. Figures released Tuesday by the European Union's official statistics agency Eurostat showed gross domestic product in the euro zone during the first quarter was 0.8% higher than in the fourth quarter.
[ Full Story ]- Read the GDP data at Eurostat
- Forex − Euro remains well supported after robust GDP data UPDATE (Thomson Financial News)
- Euro zone Q1 GDP growth revised to 0.8 pct from 0.7 UPDATE (Thomson Financial News)
- Euro zone Q1 GDP growth revised to 0.8 pct from 0.7 (Thomson Financial News)
Forex Analysis on Majors - Euro is waiting for support from GDP by Forex Ltd
EMU economic indicators - The outlook for real GDP growth will probably be revised downwards by BHF−Bank
UK CIPS PMI CONSTRUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 3 | 08:30 | CIPS PMI Construction | 43.9 | 45.5 | 46.1 |
UK CIPS May construction PMI at survey low of 43.9 vs 46.1 in April UPDATE (Thomson Financial News)
The UK's construction sector deteriorated at a record pace in May, due particularly to a slump in the housing sector, a key survey said Tuesday.
[ Full Story ]- The Chartered Institute of Purchasing & Supply homepage
- UPDATE:UK May Construction Activity Fall Fastest On Record (Dow Jones)
- UK May Construction Activity Falls At Fastest Rate On Record (Dow Jones)
- UK CIPS May construction PMI at survey low of 43.9 vs 46.1 in April (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 3 | 05:45 | CH | Consumer Price Index (MoM) (May) | 0.8% | 0.4% | 0.8% |
| 08:30 | UK | CIPS PMI Construction | 43.9 | 45.5 | 46.1 | |
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (1Q)  | 0.8% | 0.7% | 0.3% | |
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (1Q) | 2.2% | 2.2% | 2.1% | |
| 09:00 | EMU | Producer Price Index (MoM) (Apr) | 0.8% | 0.8% | 0.7% | |
| 09:00 | EMU | Producer Price Index (YoY) (Apr) | 6.1% | 6.1% | 5.7% | |
| 13:00 | JP | BoJ's Governor Shirakawa Speech | ||||
| 13:00 | EMU | ECB Trichet's Speech | ||||
| 13:00 | US | Fed's Bernanke Speech | ||||
| 14:00 | US | Factory Orders (Apr) | -0.1% | 1.4% | ||