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Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 9, 14:00 GMT
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Start: Mon, Jun 9, 16:00 GMT
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| Sponsored by | ||||
| Mon, Jun 9, 13:00 GMT | Sentiment Indicators  | John Jagerson | WBN |  |
| Mon, Jun 9, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jun 9, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN |  |
| Mon, Jun 9, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast − Greenback`s Negative Sentiment Revisited by Swiss e Trade AG
Having easily broken previous resistance, the EUR / USD is now on its way to a new resistance zone between 1.5820 and 1.6000 and is currently trading at 1.5800. Since the pair is significantly overbought right now, we expect some consolidation/downward correction for today. We consider the 1.5700 level a good buying point, with a target of 1.5820 and a stop at 1.5660. See chart below.
- Dan Blystone's Daily Briefing − Webinar
- New Technical Blog − Operators' intentions by Dr. S. Sivaraman, of i−knowindices.com
- Combining Fundamental and Technical Analysis S. Wade Hansen, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the Real Time Economic Calendar
Other Topics for this Session:
Currency Technical Report − Euro is now strong enough to continue to higher levels by FXGreece
IMM positioning − Net short EUR positions built further by Danske Bank A/S
FXA Column − Eur/$, more ranging but eventual new highs...... by FXA
Weekly Analysis
Weekly Technical Strategist − EURUSD: EUR Cuts Short Its Short Term Weakness, Focuses On The 1.5818 Level by FXTechstrategy
Chart of the Week − Head and Shoulders Pattern? by FXstreet.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX' Signal
Daily Scalping Tip by PipsandTips.com
Majors at a Glance
- EUR/USD
- Stays around opening price level 1.5784 , above pivot level 1.5705
06/09/2008 10:03 GMT - GBP/USD
- Moves up above first resistant level 1.9774
06/09/2008 10:04 GMT - USD/CHF
- Continues to trade around opening price level 1.0183 , below pivot level 1.0261
06/09/2008 10:05 GMT - USD/JPY
- Moves up above pivot level 105.42
06/09/2008 10:05 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 PENDING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jun 9 | 14:00 | Pending Home Sales (MoM) | -0.3% | -1.0% |
US economic indicators - Pending home sales fell by 1.0% mom in March by BHF−Bank
Pending home sales fell by 1.0% mom in March − a new cyclical low and 35% below the peak in April 2005. Partly due to the increase in foreclosures, we expect pending home sales to have continued declining in April, by about 1.0% mom.
[ Full Story ]- Ahead of the Bell: Pending Home Sales (Thomson Financial News)
Top Market Movers Review
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 9 | 08:30 | Producer Price Index − Input (YoY) n.s.a | 27.9% | 23.8% | 23.3% |
| Jun 9 | 08:30 | Producer Price Index − Input (MoM) s.a | 3.8% | 2.6% | 2.4% |
| Jun 9 | 08:30 | Producer Price Index − Output (MoM) n.s.a | 1.6% | 0.8% | 1.4% |
| Jun 9 | 08:30 | Producer Price Index − Output (YoY) n.s.a | 8.9% | 7.9% | 7.6% |
DATA SNAP: UK May Output PPI Spikes To Record +8.9% On Year (Dow Jones)
U.K. factory gate prices soared in May, climbing at their fastest pace since records began in 1986, highlighting the policy dilemma faced by the Bank of England in the coming months as the corporate and consumer mood darkens.
[ Full Story ]- Read the PPI data at National Statistics
- UK gilts slump after factory gate prices surge to two decade high (Thomson Financial News)
- UK May annual output, input prices spike to highest in over 2 decades (Thomson Financial News)
- UK producer prices increase above expectations in May (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 9 | 05:45 | CH | Unemployment Rate (May) | 2.4% | 2.6% | |
| 06:00 | DE | Trade Balance (Apr) | 18.7B | 16.6B |
||
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (May) | 3.8% | 2.6% | 2.4% | |
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (May) | 27.9% | 23.8% | 23.3% | |
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (May) | 1.6% | 0.8% | 1.4% | |
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (May) | 8.9% | 7.9% | 7.6% |
|
| 12:15 | CA | Housing Starts s.a (YoY) (May) | 217.5K | 213.9K | ||
| 14:00 | US | Pending Home Sales (MoM) (Apr) | -0.3% | -1.0% | ||
| 16:30 | EMU | ECB Trichet's Speech | ||||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (May) | -1.5% | |||