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- Webinar Videos: Back to Basics -The RSI indicator; one of my favorites by Adam Rosen
- EURO and GBP are expected to firm up by Dr. S. Sivaraman
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Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Wed, Jun 11, 12:30 GMT
Type of Session: Webinar
Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, Jun 11, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jun 11, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Wed, Jun 11, 13:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN | |
| Wed, Jun 11, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
| Wed, Jun 11, 16:00 GMT | Event Trading | Don Wilcox | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Daily Technical Analysis − The pound declined a towards the 1.9520 area by FXGreece
The pound had also a big decline and moved towards the area of 1.9520. The triangle formation scenario that was indicated in the daily chart, proved accurate and its lower part is being reached again. In the area of 1.9440−70 the move should be limited, and the base of 1,9350 will be the next target.
Resistance is found at 1.9565−75 and 1.9625−30 area, which seems to me stronger. The 50% retracement level at 1.9660−70 area should hold any retracement in order to keep the downtrend.
Above those levels, an upward wave within the triangle formation will be possible and the area of 1.9750−00 will be our next target…
- 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:
Daily FX Report − US economy growth is suffering from the increase in the price of oil by Varengold Wertpapierhandelsbank AG
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Banks' Analysis
Technical analysis: US Ten Year Note Future − US TNote Future – Sep 2008 by Mizuho Corporate Bank
Technical analysis: Short Sterling − Short Sterling – Sep 2008 by Mizuho Corporate Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves up towards pivot level 1.5520
06/11/2008 09:51 GMT - GBP/USD
- Trades around opening price level 1.9542 , below pivot level 1.9605
06/11/2008 09:51 GMT - USD/CHF
- Trades around opening price level 1.0417 , above pivot level 1.0375
06/11/2008 09:51 GMT - USD/JPY
- Trades around opening price level 107.45 , above pivot level 107.04
06/11/2008 09:51 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 BEIGE BOOK
| Date (GMT) | Event | Cons. | Previous | |
| Jun 11 | 18:00 | Fed's Beige Book | - | - |
Forex Analysis on Majors - US dollar looks for good Beige Book by Forex Ltd
The pre−planned breakout variant for sells has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the features of pair's oversold and relative strengthening of activity of bullish counteraction considerably reduces the perspective of further rate's fall.
[ Full Story ]Top Market Movers Review
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 11 | 08:30 | Total Trade Balance | -4.3 | -4.0B | -3.8B |
| Jun 11 | 08:30 | Goods Trade Balance | -£7.6B | -£7.3B | -£7.1B |
DATA SNAP: UK April Trade Deficit Widens To GBP7.6 Bln (Dow Jones)
The U.K. global goods deficit widened to GBP7.6 billion in April from a downwardly revised GBP7.1 billion in March, the Office for National Statistics said Wednesday. The market was expecting a deficit of GBP7.4 billion, according to a Dow Jones Newswires survey of economists last week.
[ Full Story ]- Read the Trade Balance data at National Statistics
- UPDATE: UK April Goods Trade Deficit Widens To GBP7.6 Bln (Dow Jones)
- UK's trade in goods deficit widens in April UPDATE (Thomson Financial News)
- UK Trade deficit widened in April (FXstreet.com)
UK ILO UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 11 | 08:30 | Claimant Count Rate | 2.5% | 2.5% | 2.5% |
| Jun 11 | 08:30 | Jobless Claims Change | 9.0K | 8.0K | 7.2K |
| Jun 11 | 08:30 | ILO Unemployment Rate | 5.3% | 5.2% | 5.2% |
UK May claimant count up 9,000 to mark fourth consecutive rise (Thomson Financial News)
Further evidence has emerged that the credit crunch and the economic slowdown is now feeding through into the labour market, with the claimant count rising for the fourth month in a row during May, official figures showed.
[ Full Story ]- Read the Unemployment data at National Statistics
- United Kingdom May Claimant Count Rate remains at 2.5% despite 9,000 increase in claimants (FXstreet.com)
- United Kingdom: ILO Unemployment Rate up by 38K to 5.3% in the 3 mths to Apr (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 11 | 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Apr) | 3.9% | 3.8% | 3.8% |
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Apr) | 3.8% | 4.1% | 4.0% | |
| 08:30 | UK | Claimant Count Rate (May) | 2.5% | 2.5% | 2.5% | |
| 08:30 | UK | Jobless Claims Change (May) | 9.0K | 8.0K | 7.2K | |
| 08:30 | UK | Total Trade Balance (Apr) | -4.3 | -4.0B | -3.8B |
|
| 11:00 | US | MBA Mortgage Applications (Jun 6) | 10.9% | -15.3% | ||
| 12:30 | CA | Capacity Utilization (1Q) | 81.0% | 81.8% | ||
| 12:30 | CA | New Housing Price Index (YoY) (Apr) | 6.1% | |||
| 14:30 | US | EIA Crude Oil Stocks change (Jun 6) | -4.8M | |||
| 18:00 | US | Fed's Beige Book | ||||