Thursday, Jun 26, 11:05 GMT
U.S. Trading Newsletter
Featured
Special Event
International Traders Conference 2008 by FXstreet.com
Don't miss the ITC, the most interactive Forex event of the year! 3 days, 8 speakers: Rob Booker, Lars Christensen, Dirk D. du Toit, Derek Frey, Sunil Mangwani, Phil Newton, Jamie Saettele and Sam Seiden. All will be leading Live Trading Sessions in direct contact with attendees!
The FXstreet.com International Traders Conference will be held in Barcelona (Spain) − October 29−31, 2008. It is sponsored by Interbank FX.
- Why attend? Watch ITC 2007's videos
- Enjoy our Early Bird Discount − Register before July 15th and save 200€!
- Check speakers list
- Venue: Barceló Atenea Mar in front of the beach!
To Get Started
- Webinar Videos: The Day Trading Coach - Tips, Tricks and Strategies for Day Traders by Markus Heitkoetter
- Mulpile Currency Charts: Watch up to 4 charts at the same time!
- We help you to calculate Pivot Points! Use our tool.
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Live Sessions Schedule
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Jun 26, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jun 26, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 26, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN |  |
| Thu, Jun 26, 13:30 GMT | US Session Open  | Ed Ponsi | WBN |  |
| Thu, Jun 26, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Jun 26, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Analysis − Nearly fully retraced the 1.9799/1.9408 decline, reaching 1.9788 high by Windsor Brokers Ltd
Nearly fully retraced the 1.9799/1.9408 decline, reaching 1.9788 high on 20 June, ahead of reversal to 1.9584 on 23 June. A choppy bounce has followed, clearing previous 1.9788 high and extending gains to 1.9843 so far. As yet, no signs of a lasting high and 1.9852 now in focus, break of which will open 1.9880/1.9910 next.
- 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:
Spot Forex Trades − EURUSD Signal by ForexSurvivor
Daily Forex News − Forex − FX market turn over Euro as FOMC left rates on hold by ACM − Advanced Currency Markets
Currency Technical Report − Currency Technical Report by FXGreece
Banks' Analysis
Technical analysis: EuroDollar Futures − Eurodollar Future – Dec 2008 by Mizuho Corporate Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
Majors update by Valeria Bednarik, Analyst at MolFX − Management
Extended rise is seen in EURO and GBP... by Dr. S. Sivaraman, of i−knowindices.com
Majors at a Glance
- EUR/USD
- Moves down towards pivot level 1.5629
06/26/2008 10:18 GMT - GBP/USD
- Moves down below pivot level 1.9725
06/26/2008 10:20 GMT - USD/CHF
- Moves up above pivot level 1.0379
06/26/2008 10:21 GMT - USD/JPY
- Moves up towards first resistant level 108.27
06/26/2008 10:21 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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Jun 26 | 12:30 | Gross Domestic Purchases Price Index | - | 3.7% |
| Jun 26 | 12:30 | Gross Domestic Product Annualized | 0.9% | 0.9% |
US economic indicators - June consumer confidence indices are likely to decline further from long−time lows by BHF−Bank
In its preliminary estimate, the Commerce Department revised the annualised the Q1 GDP growth rate from 0.6% to 0.9%. Due to net exports having developed better than estimated and the upward revision in March retail sales, the final release could show that GDP actually rose by 1.1% qoq in Q1.
[ Full Story ]Top Market Movers Review
UK TOTAL BUSINESS INVESTMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 26 | 08:30 | Total Business Investment (YoY) | 4.5% | 3.7% | 5.3% |
| Jun 26 | 08:30 | Total Business Investment (QoQ) | -1.8% | -1.4% | 1.8% |
UK 1Q Business Investment −1.8 On Quarter, +4.5% On Year (Dow Jones)
Business investment in the U.K. fell in the first quarter of 2008, data showed Thursday, as the economy continued to be buffetted by credit tightening and rising inflation.
[ Full Story ]- Read the Business Investment data at National Statistics
- UK Q1 business investment slumps by 1.8 pct vs Q4 UPDATE (Thomson Financial News)
- UK Q1 business investment slumps by 1.8 pct vs Q4 (Thomson Financial News)
- UK business investment declined 1.8% in the first quarter of the year (FXstreet.com)
EMU M3
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 26 | 08:00 | M3 (YoY) | 10.5% | 10.4% | 10.5% |
Euro Zone M3 increased 10.5% in the year to May (FXstreet.com)
The annual growth rate of Euro Area's M3 remained unchanged at10.5% in May, while the three month average growth declined to 10.4% in the period from March to May, from the 10.6% in the February – April period, according to the latest data by the European Central Bank.
[ Full Story ]- Read the M3 Money data at ECB
- Euro area May M3 growth at 10.5 pct year−on−year, unchanged from April UPDATE (Thomson Financial News)
- Euro area May M3 growth at 10.5 pct year−on−year, unchanged from April (Thomson Financial News)
- EU M3 increases 10.5% year on year in May (FXstreet.com)
EMU economic indicators - M3 growth will probably have fallen to 10.3% yoy in May by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 26 | 06:00 | DE | Import Price Index (MoM) (May) | 2.4% | 1.5% | 0.9% |
| 06:00 | DE | Import Price Index (YoY) (May) | 7.9% | 6.9% | 5.7% | |
| 08:00 | EMU | M3 (YoY) (May) | 10.5% | 10.4% | 10.5% |
|
| 08:30 | UK | Total Business Investment (QoQ) (1Q) | -1.8% | -1.4% | 1.8% | |
| 08:30 | UK | Total Business Investment (YoY) (1Q) | 4.5% | 3.7% | 5.3% | |
| 08:45 | UK | MPC Treasury Committee Hearings | ||||
| 12:00 | DE | Consumer Price Index (MoM) (Jun)  | 0.3% | 0.6% | ||
| 12:00 | DE | Consumer Price Index (YoY) (Jun) | 3.3% | 3.0% | ||
| 12:30 | US | Continuing Jobless Claims (Jun 14) | 3200K | 3060K | ||
| 12:30 | US | Gross Domestic Product Annualized (1Q) | 0.9% | 0.9% | ||