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Current Session: Europe − U.S.
USD/CHF
Daily Trading Forecast − Dollar to Consolidate Overnight Gains by Swiss e Trade AG
The USD / CHF is currently trading at 1.0420, after climbing from its low in Asia last night at 1.0303. The gains from Asia have taken the USD / CHF into an overbought situation, which will limit any upward movements to the first resistance at 1.0450. We feel longer term the dollar has more gains to make against the Swiss franc but not in today's trading.
- Dan Blystone's Daily Briefing − Webinar
- The Forex Game: Stop Losing Dollars... Win Duellars!
- 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 − EUR/USD: The downtrend is still valid by FXGreece
Daily FX Report − Oil prices are not stopping to increase by Varengold Wertpapierhandelsbank AG
Banks' Analysis
Technical analysis: Euribor Futures − Euribor – December 2008 by Mizuho Corporate Bank
Weekly Analysis
Weekly Forex Focus by Trading Central
Monthly Performance
Today's Technical Trading Points − Monthly Performance − May 2008 by Danske Bank A/S
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
What appears in the market is not true.... by Dr. S. Sivaraman, of i−knowindices.com
Majors at a Glance
- EUR/USD
- Drops below first support level 1.5470
06/12/2008 10:49 GMT - GBP/USD
- Moves down below pivot level 1.9596
06/12/2008 10:49 GMT - USD/CHF
- Moves up above first resistant level 1.0407
06/12/2008 10:49 GMT - USD/JPY
- Moves up towards first resistant level 107.64
06/12/2008 10:49 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jun 12 | 12:30 | Retail Sales ex Autos (MoM) | 0.7% | 0.5% |
| Jun 12 | 12:30 | Retail Sales (MoM) | 0.5% | -0.2% |
Daily Forex Technical Report − Dollar Strengthens ahead of Retail Sales, Aussie Tumbles by ActionForex.com
After a sharp but brief profit taking pull back, dollar strengthens again into early European session today as markets speculate that the retail sales to be released later today could strength the case for a rate hike from Fed. May headline sales is expected to rebound by climbing 0.4% mom with ex auto sales rising 0.5%.
[ Full Story ]Forex Commentaries and Forecasts - The dollar rose in expectation of positive Retail Sales today by World−Signals®
US economic indicators - High gasoline prices will have supported otherwise weak retail sales in May by BHF−Bank
Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 12 | 09:00 | Industrial Production w.d.a. (YoY) | 3.9% | - | 1.6% |
| Jun 12 | 09:00 | Industrial Production s.a. (MoM) | 0.9% | -0.1% | -0.5% |
DATA SNAP: Euro−Zone Industrial Output Posts Eight−Month High (Dow Jones)
Euro−zone industrial output posted its strongest monthly rise in eight months in April, with support from solid growth in capital goods production, data from the European Union statistics agency Eurostat showed Thursday.
[ Full Story ]- Read the Industrial Production data at Eurostat
- UPDATE: Euro−Zone Industrial Output Posts Eight−Month High (Dow Jones)
- CORRECTION Euro zone April industrial output up 0.9 pct vs March (Thomson Financial News)
- Euro Zone's industrial production rises well above expectations in April (FXstreet.com)
EMU economic indicators - EMU industrial production is expected to have increased slightly in April by BHF−Bank
EMU ECB MONTHLY REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 12 | 08:00 | ECB Monthly Report | - | - | - |
ECB Jun Bulletin: "Heightened Alertness" On Inflation Risks (Dow Jones)
The European Central Bank is in a state of "heightened alertness" on inflation risks, the ECB's June monthly bulletin said Thursday, confirming the possibility of an interest rate increase next month.
[ Full Story ]- Read the Monthly Bulletin at ECB
- ECB: Negotiated Wages Rising Faster, Deserves Close Scrutiny (Dow Jones)
- European govt bonds under pressure as ECB reiterates inflation concerns (Thomson Financial News)
- ECB says wage growth accelerating, keeping pay deals under close scrutiny (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 12 | 01:30 | AU | Employment Change (May) | -19.7K | 13.5K | 37.5K |
| 01:30 | AU | Unemployment Rate (May) | 4.3% | 4.2% | 4.3% |
|
| 08:00 | EMU | ECB Monthly Report (Jun) | ||||
| 08:30 | UK | Inflation Expectations | 4.3% | 3.3% | ||
| 09:00 | EMU | Industrial Production s.a. (MoM) (Apr) | 0.9% | -0.1% | -0.5% |
|
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Apr) | 3.9% | 1.6% |
||
| 12:30 | US | Continuing Jobless Claims (May 31) | 3093K | |||
| 12:30 | US | Import Price Index (MoM) (May) | 2.4% | 1.8% | ||
| 12:30 | US | Import Price Index (YoY) (May) | 17.2% | 15.4% | ||
| 12:30 | US | Initial Jobless Claims (Jun 7) | 366K | 357K | ||