Thursday, Jun 05, 11:30 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Institutional Trading Strategies by Andrei Pehar
- Drop before the rise in EURO and GBP... by Dr. S. Sivaraman
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Live Sessions Schedule
Back to Basics −The RSI indicator; one of my favorites
Expert: Adam Rosen
Start: Thu, Jun 5, 14:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jun 5, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 5, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Jun 5, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Thu, Jun 5, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Thu, Jun 5, 14:00 GMT | Back to Basics −The RSI indicator; one of my favorites | Adam Rosen | WBN | |
Current Session: Europe − U.S.
USD/JPY
Daily Trading Forecast − Calm Before the Storm by Swiss e Trade AG
The USD / JPY received a boost in Asian and early European trading today, driving from its low at 105.26 and breaking easily above the 106.00 level. Currently, the USD / JPY is trading at 106.10. We see further gains possible, to resistance at 108.33, but not in today's trading. We feel that traders are waiting to see what the Non−Farm Payroll figures are before attempting to make this level.
- New Technical Blog − Operators' intentions by Dr. S. Sivaraman, of i−knowindices.com
- 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:
Technical Trader Closing Brief − Mixed Session with S&P 500 Trailing the NDX by The Technical Trader
The Mid−Day Minute − Q's have been carving out a high level sideways coil type of consolidation pattern by MPTrader.com
Daily FX Report − In the Eurozone the ECB must fight against the inflation by Varengold Wertpapierhandelsbank AG
EUR/USD Daily Outlook − EUR/USD Daily Outlook by AceTrader
Banks' Analysis
Daily Technical Analysis − EUR: Lengthy period of correction and consolidation by Mizuho Corporate Bank
FX' Signal
Daily FX Forecast by S.A.F.E. Ltd
Majors at a Glance
- EUR/USD
- Moves up around pivot level 1.5447
06/05/2008 10:32 GMT - GBP/USD
- Trades around first support level 1.9508
06/05/2008 10:33 GMT - USD/CHF
- Trades above opening price level 1.0421 , above pivot level 1.0409
06/05/2008 10:34 GMT - USD/JPY
- Trades around first resistant level 105.54
06/05/2008 10:34 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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 5 | 11:45 | ECB Interest Rate Decision | 4% | 4% |
Central Banks: ECB and BoE - Preview of Jun 5 meetings by FXstreet.com
ECB and BoE monetary policy committees will announce today their latest monetary policy decisions. Both are expected to keep their key interest rates unchanged, taking in account the fast growing inflation driven by soaring energy prices. The ECB stands at 4% right now, while the BoE is at a higher 5%.
- ECB and BoE will, most likely, keep rates on hold tomorrow (FXstreet.com)
ECB: Preview of meeting on June 5 by Danske Bank A/S
Spot Forex Trades - Bank after Bank to end Blank! by ForexSurvivor
Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 5 | 11:00 | BoE Interest Rate Decision | 5% | 5% | 5% |
The Bank of England maintains its Bank rate unchanged at 5.00% (FXstreet.com)
The Bank of England has decided to leave its official bank rate by unchanged at 5.00% for second consecutive month, after their monthly Policy Meeting.
[ Full Story ]- Read the Bank's statement at BoE
- UK sterling interbank lending rates edge down as BoE keeps Bank Rate unchanged (Thomson Financial News)
- BoE keeps key bank rate unchanged at 5.00 percent for second month running (Thomson Financial News)
- BOE keeps its current bank rate on hold at 5.00% (FXstreet.com)
Central Banks: ECB and BoE - Preview of Jun 5 meetings by FXstreet.com
Daily Forex Technical Report − ECB & BOE Watched by ActionForex.com
Spot Forex Trades - Bank after Bank to end Blank! by ForexSurvivor
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 5 | 10:00 | Factory Orders s.a. (MoM) | -1.8% | 0.4% | -0.5% |
| Jun 5 | 10:00 | Factory Orders n.s.a. (YoY) | 15.0% | 6.4% | -5.0% |
DATA SNAP:German April Mfg Orders Drop On Low Foreign Demand (Dow Jones)
German manufacturing orders unexpectedly fell 1.8% in April on the month due to weaker demand from abroad, which hints at a slowdown in the euro−zone economy, data released by the German Economics Ministry showed Thursday.
[ Full Story ]- Read the Factory Orders data at BMWi [text in German]
- German factory orders decline unexpectedly in April due to weaker demand (FXstreet.com)
- German April manufacturing orders down 1.8 pct vs March; consensus up 0.5 pct (Thomson Financial News)
- German Factory Orders s.a. decrease 1.8% in Apr; 15.0% up on the year% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 5 | 01:30 | AU | Trade Balance (Apr) | -957M | -1700M | -2736M |
| 07:00 | UK | Halifax House Prices (YoY) (May) | -3.8% | -0.9% | ||
| 07:14 | UK | Halifax House Prices (MoM) (May) | -2.4% | -1.3% | ||
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Apr) | 15.0% | 6.4% | -5.0% | |
| 10:00 | DE | Factory Orders s.a. (MoM) (Apr) | -1.8% | 0.4% | -0.5% |
|
| 11:00 | UK | BoE Interest Rate Decision | 5% | 5% | 5% | |
| 11:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 12:30 | CA | Building Permits (MoM) (Apr) | 0.7% | -4.5% | ||
| 12:30 | US | Continuing Jobless Claims (May 24) | 3110K | 3104K | ||
| 12:30 | EMU | ECB Trichet's Speech | ||||