Monday, Jun 23, 11:09 GMT
U.S. Trading Newsletter
The real challenge has come!
Don't feel like a loser... Second round will start on June 16th with more prizes. Get a SONY VAIO!!Keep on training the Forex Game.
Sponsored by:
To Get Started
- Webinar Videos: The Day Trading Coach - Tips, Tricks and Strategies for Day Traders by Markus Heitkoetter
- Supports and resistances for today in The Advisor Weblog
- ITC'08: Lars Christensen, (Danske Bank) confirmed key speaker
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, Jun 23, 12:30 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 23, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 23, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jun 23, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Mon, Jun 23, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jun 23, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Trading Forecast − Stronger USD Start into an Important Week by Swiss e Trade AG
Currently, the GBP / USD is trading at 1.9640, which provides some support right now. The currency pair is oversold and we therefore expect some recovery. If the 1.9720 level or above is reached, we would sell the GBP / USD with a target of 1.9590 and a stop at 1.9760. See chart below.
- Dan Blystone's Daily Briefing − Webinar
- The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Understanding The Exact Process Behind The Movement In Price Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Currency Snapshot − EURUSD: Finding a Pattern for Profits by Black Swan Capital
Currency Technical Report − Currency Technical Report by FXGreece
Banks' Analysis
Forex Trading Strategies − German IFO out shortly as EURUSD falls through initial support by Saxo Bank
Weekly Analysis
Weekly Technical Commentary by Mizuho Corporate Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
Supports and Resistances by Valeria Bednarik, Analyst at MolFX − Management
Forex Video | News Trade Alert | June 23, 2008 by Wayne McDonell, FxBootcamp.com
Majors at a Glance
- EUR/USD
- Moves down below pivot level 1.5589
06/23/2008 10:02 GMT - GBP/USD
- Moves down back below first support level 1.9711
06/23/2008 10:02 GMT - USD/CHF
- Moves up above pivot level 1.0367
06/23/2008 10:02 GMT - USD/JPY
- Trades below pivot level 107.47
06/23/2008 10:02 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
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Cons. | Previous | |
| Jun 24 | 06:10 | Gfk Consumer Confidence Survey | 4.9 | 4.9 |
Friday Notes - Global economy: Slipping on oil? by HVB Group
The joy over the high collective wage agreements at the beginning of the year has dissipated rapidly. The new all−time highs in energy prices have seen income expectations decline appreciably again. Heightened inflation fears have, furthermore, put strong pressure on the willingness−to−buy. This will probably also have triggered a decline in the consumer climate in June. Consumer confidence remains muted.
[ Full Story ]Top Market Movers Review
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 23 | 08:00 | IFO − Business Climate | 101.3 | 102.5 | 103.5 |
| Jun 23 | 08:00 | IFO − Expectations | 94.7 | 96.3 | 97.3 |
DATA SNAP: German June Ifo Business Climate Declines Sharply (Dow Jones)
German business confidence deteriorated significantly in June in the wake of record high oil prices and a weaker export outlook, a survey from the German Ifo Institute showed Monday.
[ Full Story ]- IFO Homepage
- 3rd UPDATE: German Ifo Business Climate Drops Sharply (Dow Jones)
- 2nd UPDATE: German Ifo Business Climate Drops Sharply (Dow Jones)
- Forex − Euro drops after weak Ifo, euro zone PMI dips below 50 (Thomson Financial News)
EMU PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 23 | 08:00 | PMI Manufacturing | 49.1 | 50.2 | 50.6 |
| Jun 23 | 08:00 | Purchasing Manager Index Services | 49.5 | 50.5 | 50.6 |
Euro Zone's services and manufacturing sectors' activity falls into contraction in June (FXstreet.com)
Euro Area's both services and manufacturing sector's PMI indexes have declined to contraction levels in June, according to the latest preliminary estimates released by NTC economics.
[ Full Story ]- Read the official data al NTC Economics
- UPDATE: Euro−Zone June Composite PMI 49.5 − Sources (Dow Jones)
- Forex − Euro drops after weak Ifo, euro zone PMI dips below 50 (Thomson Financial News)
- Euro zone PMI survey shows service, manufacturing sectors contracting UPDATE (Thomson Financial News)
Friday Notes - EMU PMI: Settling below trend by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 23 | 07:30 | DE | PMI Manufacturing (Jun)  | 52.3 | 53.2 | 53.6 |
| 07:30 | DE | Purchasing Manager Index Services (Jun) | 53.3 | 53.1 | 53.8 | |
| 08:00 | DE | IFO − Business Climate (Jun) | 101.3 | 102.5 | 103.5 | |
| 08:00 | DE | IFO − Expectations (Jun) | 94.7 | 96.3 | 97.3 | |
| 08:00 | EMU | PMI Manufacturing (Jun) | 49.1 | 50.2 | 50.6 | |
| 08:00 | EMU | Purchasing Manager Index Services (Jun) | 49.5 | 50.5 | 50.6 | |
| Jun 24 | 00:00 | EMU | ECB Trichet's Speech | |||
| 06:10 | DE | Gfk Consumer Confidence Survey (Jul) | 4.9 | 4.9 | ||
| 08:00 | CH | UBS Consumption Indicator (May) | 2.179 | |||
| 08:30 | UK | BBA Mortgage Approvals (May) | 38.7K | |||