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U.S. Trading Newsletter
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Live Sessions Schedule
Tracking the forex market together / Part II
Expert: Dr.S.Sivaraman
Start: Tue, Jun 10, 13:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Jun 10, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 10, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jun 10, 13:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN |  |
| Tue, Jun 10, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Jun 10, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
GBP/USD
Technical Summary for Majors − Reversal from 1.9848 left a higher low at 1.9461 by Windsor Brokers Ltd
Reversal from 1.9848 left a higher low at 1.9461 on 05 June, after retracing most of the earlier 1.9361−1.9849 upleg. The recovery from 1.9461 breached key resistance at 1.9743 lower top to test 1.9800 zone, ahead of the latest slide. Fears rising for a return toward 1.9541/36, with 1.9553 reached so far, before a possible recovery attempt towards 1.9800, then 1.9823/48.
- 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 − Currency Technical Report by FXGreece
Daily Trading Forecast − Trichet / Bernanke Duet by Swiss e Trade AG
Daily FX Report − The USD rose by more than 1% against the EUR and JPY by Varengold Wertpapierhandelsbank AG
Banks' Analysis
Forex Trading Strategies − US 2−year rates scream higher by Saxo Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Contrarian moves seen for the reverse.... by Dr. S. Sivaraman, of i−knowindices.com
Majors at a Glance
- EUR/USD
- Moves down below first support level 1.5562
06/10/2008 09:57 GMT - GBP/USD
- Moves down below first support level 1.9680
06/10/2008 09:57 GMT - USD/CHF
- Moves up above first resistant level 1.0331
06/10/2008 09:57 GMT - USD/JPY
- Moves up towards first resistant level 106.97
06/10/2008 09:58 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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jun 10 | 12:30 | Trade Balance | -$59.60 | -$58.21B |
US economic indicators - Trade deficit could have risen in April, partly due to higher import prices by BHF−Bank
After having widened unexpectedly in February, the US trade deficit narrowed again to –$58.2bn in March. Both exports and imports declined by 1.7% and 2.9% mom respectively. But as import prices increased by 1.8% mom, nominal imports are likely to have risen noticeably again.
[ Full Story ]- Ahead of the Bell: Trade gap expected to widen (Thomson Financial News)
Spot Forex Trades - Trade Balance: Enhanced! by ForexSurvivor
Top Market Movers Review
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 10 | 08:30 | Manufacturing Production (YoY) | 0.1% | 0.0% | 0.6% |
| Jun 10 | 08:30 | Industrial Production (MoM) | 0.2% | 0.0% | -0.5% |
| Jun 10 | 08:30 | Industrial Production (YoY) | 0.2% | 0.1% | 0.2% |
| Jun 10 | 08:30 | Manufacturing Production (MoM) | 0.1% | 0.0% | -0.5% |
DATA SNAP:UK Apr Mfg Output +0.1% MM, Indus Production +0.2% (Dow Jones)
U.K. manufacturing output and industrial production was slightly stronger than expected in April, data from the Office for National Statistics showed Tuesday.
[ Full Story ]- Read the Industrial Production data at National Statistics
- UPDATE: UK Apr Mfg Output +0.1% MM, Indus Production +0.2% (Dow Jones)
- UK April industrial output lifted by transport equipment, utilities (Thomson Financial News)
- UK manufacturing production, edges up in April (FXstreet.com)
Friday Notes - We expect industrial production to have remained at best flat by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 10 | 06:00 | JP | Machine Tool Orders (YoY) (May)  | 1.4 | 0.4 | |
| 08:30 | UK | Industrial Production (MoM) (May) | 0.2% | 0.0% | -0.5% | |
| 08:30 | UK | Industrial Production (YoY) (Apr) | 0.2% | 0.1% | 0.2% | |
| 08:30 | UK | Manufacturing Production (MoM) (Apr) | 0.1% | 0.0% | -0.5% | |
| 08:30 | UK | Manufacturing Production (YoY) (Apr) | 0.1% | 0.0% | 0.6% | |
| 11:00 | UK | BoE's Governor King Speech | ||||
| 12:30 | CA | International Merchandise Trade (Apr) | $5.00B | $5.53B | ||
| 12:30 | US | Trade Balance (Apr) | -$59.60 | -$58.21B | ||
| 13:00 | CA | BoC Interest Rate Announcement | 2.75% | 3.00% | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jun 8) | -45 | |||