Friday, Jun 27, 11:06 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: Understand & Use Fibonacci Ratio’s Effectively by Sunil Mangwani
- New Blog! Forexology: Having faith in your system by Sunil Mangwani
- Mulpile Currency Charts: Watch up to 4 charts at the same time!
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: Fri, Jun 27, 12:30 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jun 27, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jun 27, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Jun 27, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Fri, Jun 27, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Jun 27, 14:00 GMT | Banging around the Bands | Chris Capre | WBN | |
Current Session: Europe − U.S.
USD/JPY
Technical Summary for Majors − Extending reversal from 108.42 by Windsor Brokers Ltd
Extending reversal from 108.42, 25 Jun high, just under 108.58, 16 Jun peak, to take out 107.13/11, 20/23 Jun pivot lows. This now signals short−term top in place, ahead of further retrace of upleg from 102.57 12 May low, with break below 106.56 (11 Jun low, also trendline support, risking 105.58, 50% retracement of 102.57/108.58 advance. 107.21, today's high, caps for now.
- 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 Technical Report − Currency Technical Report by FXGreece
Forex Analysis on Majors − eur/jpy has made a new top above 169.00 by Forex Ltd
Daily Technical Strategist − EURUSD: EUR Holds Above Its Nearby Resistance, Turns Focus To The 1.5842 Level by FXTechstrategy
FX Analysts' Comments
Majors preview for the day by Valeria Bednarik, Analyst at MolFX − Management
Decent GDP and Home Sales − But US Indexes Crater by Jerry Furst, Director Investors Education Network
Majors at a Glance
- EUR/USD
- Trades above pivot level 1.5717
06/27/2008 09:59 GMT - GBP/USD
- Trades above pivot level 1.9832
06/27/2008 09:59 GMT - USD/CHF
- Trades around opening price level 1.0236 , below pivot level 1.0283
06/27/2008 10:00 GMT - USD/JPY
- Trades around opening price level 106.81 , below pivot level 107.19
06/27/2008 10:01 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 PERSONAL SPENDING
| Date (GMT) | Event | Cons. | Previous | |
| Jun 27 | 12:30 | Personal Income (MoM) | 0.4% | 0.2% |
| Jun 27 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.2% | 0.1% |
| Jun 27 | 12:30 | Personal Spending | 0.6 | 0.2 |
| Jun 27 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 2.1% | 2.1% |
Daily Forex Technical Report − Dollar Pressured ahead of PCE by ActionForex.com
US personal spending is expected to climb to 0.7% in May due to tax rebates while income is expected to grow 0.4%. core PCE and headline PCE are expected to be unchanged at 2.1% and 3.2% yoy respectively.
[ Full Story ]- Forex − Dollar extends gains in afternoon trade ahead of U.S. spending data (Thomson Financial News)
Top Market Movers Review
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 27 | 08:30 | Gross Domestic Product (QoQ) | 0.3% | 0.4% | 0.6% |
| Jun 27 | 08:30 | Gross Domestic Product (YoY) | 2.3% | 2.5% | 2.8% |
DATA SNAP: UK Q1 Growth Revised Down To 0.3% QQ Vs 0.4% QQ (Dow Jones)
The U.K. economy grew a weaker than previously reported 0.3% in the first quarter, while the savings ratio dropped to its lowest level since 1959 as real disposable income fell.
[ Full Story ]- Read the GDP data at UK National Statistics
- UPDATE: UK Q1 Growth Revised Down To 0.3% QQ Vs 0.4% QQ (Dow Jones)
- UK economy slows rapidly in Q1 as services sector falters (Thomson Financial News)
- UK GDP grew somewhat below expectations in the first quarter (FXstreet.com)
EMU CURRENT ACCOUNT N.S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 27 | 08:00 | Current Account n.s.a | -9.2B | - | -5.7B |
| Jun 27 | 08:00 | Current Account s.a | -0.3B | - | -13.2B |
Euro zone current account deficit narrows sharply in April UPDATE (Thomson Financial News)
The euro zone seasonally adjusted current account deficit narrowed sharply in April, partly as a result of a return to surplus in goods trade.
[ Full Story ]- Read the Current Account data at ECB
- Euro Zone current account deficit narrowed sharply in April (FXstreet.com)
- Euro zone current account deficit narrows sharply in April (Thomson Financial News)
- EU Current Account deficit narrows to 0.3B in Apr from −13.2B in Mar (FXstreet.com)
EMU economic indicators - The German ifo business climate is expected to have deteriorated in June by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 27 | 08:30 | UK | Current Account (1Q) | £-8.4B | -£12.1B | -£8.5B |
| 08:30 | UK | Gross Domestic Product (YoY) (1Q) | 2.3% | 2.5% | 2.8% | |
| 08:30 | TW | Interest Rate Decision | 3.625% | 3.500% | ||
| 09:00 | EMU | Consumer Confidence (Jun) | -17 | -15 | ||
| 09:00 | EMU | Economic Confidence (Jun) | 94.9 | 97.6 |
||
| 09:30 | CH | KOF Leading Indicator (Jun) | 1.01 | 1.00 | 1.08 |
|
| 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 | Core Personal Consumption Expenditure − Prices Index (MoM) (May) | 0.2% | 0.1% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (May) | 2.1% | 2.1% | ||