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Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Tue, Jun 24, 12:30 GMT
Type of Session: Webinar
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Expert: Mark De La Paz
Start: Wed, Jun 25, 09:00 GMT
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Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 24, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Jun 24, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Tue, Jun 24, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Jun 24, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe − U.S.
USD/JPY
Daily Trading Forecast − Greenback Ranges On by Swiss e Trade AG
The USD / JPY is currently trading at 107.98, not far from the important resistance level at 108.60. The dollar has been able to make considerable advances against the yen since mid−March but needs to break through this resistance before any more substantial gains will be seen. Of all the majors, traders in this currency pair are especially awaiting the FOMC decision. If rates are raised, this resistance level will be broken and test next resistance at 110.10. As a consequence, we too will wait for the FOMC decision before making a specific forecast
- 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:
FXA Column − $/index, some further upside ahead.... by FXA
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
Banks' Analysis
Daily Technical Analysis − EUR: Possibly attempt longs at 1.5525 by Mizuho Corporate Bank
Forex Technical Analysis − EUR/USD: (1.5518) Conflicting patterns off 1.5483/ .5465 (see graph) by KBC Bank
FX Analysts' Comments
EURO and GBP are expected to swing and firm up... by Dr. S. Sivaraman, of i−knowindices.com
Majors at a Glance
- EUR/USD
- Moves up above pivot level 1.5541
06/24/2008 09:56 GMT - GBP/USD
- Trades below third support level 1.9619
06/24/2008 09:56 GMT - USD/CHF
- Trades above pivot level 1.0426
06/24/2008 09:56 GMT - USD/JPY
- Moves up towards first resistant level 108.22
06/24/2008 09:56 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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Jun 24 | 14:00 | Consumer Confidence | 56.7 | 57.2 |
US economic indicators - June consumer confidence indices are likely to decline further from long−time lows by BHF−Bank
Given the sharp rise in the unemployment rate from 5.0 to 5.5% in May, we expect consumer confidence to fall to about 55.0 in June.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 24 | 06:10 | Gfk Consumer Confidence Survey | 3.9 | 4.9 | 4.7 |
Germany's GfK sees July consumer climate index at 3.9 points vs 4.7 in June (Thomson Financial News)
The GfK market research institute said its consumer climate index for Germany is forecast to be at 3.9 points in July compared with 4.7 points in June. The figure missed the 4.6 point consensus forecast by economists in a Thomson Financial News poll.
[ Full Story ]Friday Notes - Global economy: Slipping on oil? by HVB Group
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
- Forex − Euro extends losses as weak Ifo, PMI surveys dampen rate hike prospects (Thomson Financial News)
- Forex − Euro remains weak as economic data shows slowdown gathering pace (Thomson Financial News)
- 3rd UPDATE: German Ifo Business Climate Drops Sharply (Dow Jones)
Morning Report - The US dollar posted solid gains overnight by Westpac Institutional Bank
European Market Update - German IFO Declines; French and Euro−Zone PMI Figures Signal Contraction by TradeTheNews.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 23 | 08:00 | DE | IFO − Expectations (Jun) | 94.7 | 96.3 | 97.3 |
| 08:00 | EMU | PMI Manufacturing (Jun)  | 49.1 | 50.2 | 50.6 | |
| Jun 24 | 06:10 | DE | Gfk Consumer Confidence Survey (Jul) | 3.9 | 4.9 | 4.7 |
| 08:00 | CH | UBS Consumption Indicator (May) | 1.910 | 2.179 | ||
| 08:30 | UK | BBA Mortgage Approvals (May) | 27.968K | 34.752K |
||
| 11:47 | EMU | ECB Trichet's Speech | ||||
| 13:00 | US | S&P/Case−Shiller Home Price Indices (Apr) | -16.0% | -14.4% | ||
| 14:00 | US | Consumer Confidence (Jun) | 56.7 | 57.2 | ||
| 14:00 | US | Housing Price Index (MoM) (Apr) | -0.5 | -0.4 | ||
| 14:00 | US | Housing Price Index (YoY) (Apr) | -3.4% | |||