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How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Jun 4, 15:00 GMT
Type of Session: Webinar
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Expert: Derek Frey
Start: Thu, Jun 4, 17:00 GMT
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Type of Session: Webinar
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| Thu, Jun 4, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Jun 4, 14:00 GMT | What can we expect from NFP? | Adam Rosen | WBN |  |
| Thu, Jun 4, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Jun 4, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe − U.S.
The pair may be headed for a reversal week
ForexRazor − Our inclination yesterday to scalp the market from the short side was correct, and would try the same today, preferring an entry around 1.4240. Global equities are negative this morning responding, to a few recommendations to take profits, and negative economic news. First quarter Euro GDP was down 4.8% following the 2.5% contraction in last years 4th quarter. The pair may be headed for a reversal week.
GBP/USD
The Quantitative Easing Trip by Swiss e Trade AG
Cable lost upward momentum yesterday, recovering somewhat in this European morning, to now 1.6400. Still heavily overbought, we do not expect more upside potential for it, rather projecting a downside level of 1.6250 in today's trading hours.
EUR/USD
Forex: EUR/USD: Euro attempts to breach 1.4225/45 resistance area by FXstreet.com
The Euro is trying to shrug off its negative momentum and after having bounced at 1.4100 on from its 240 pips sell off on Wednesday, the pair is has launched its first attempt to break above 1.4225/45 resistance area.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 4 | 11:45 | ECB Interest Rate Decision | 1% | 1% |
| Jun 4 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% |
ECB preview: Wait and see from the ECB? by Easy Forex
The ECB policy board meets on Thursday June 4th. At the May ECB policy meeting the ECB lowered interest rates to a historic low of 1% from 1.25%, announced a plan to buy 60 bln EUR in covered bonds and extended liquidity auctions from six to twelve months. The ECB also lowered its growth and inflation forecasts.
[ Full Story ]- European markets open with gains ahead of ECB and BoE; Euro and Pound pick up (FXstreet.com)
- ECB Constancio Reiterates No Decision On Interest Rate Levels (Dow Jones)
ECB preview: June interest rate decision by RANsquawk
Daily Video Recap - High Yielders Sink Prior to ECB and BOE Decisions and Friday's Jobs Report by CMS Forex
Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 4 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% | 0.5% |
UPDATE: BOE Keeps Bond−Buying Total,Interest Rates Unchanged (Dow Jones)
The Bank of England's Monetary Policy Committee opted Thursday to keep the size of its bond−buying program unchanged at GBP125 billion and to leave the key bank rate at 0.5% for a fourth straight month.
[ Full Story ]- Read the Official Statement at BoE
- BoE keeps Bank Rate unchanged at 0.5%; Pound remains steady (FXstreet.com)
- BoE leaves interest rate unchanged At 0.5% (FXstreet.com)
- Forex: GBP/USD falls to 1.6355 ahead BoE rate decision (FXstreet.com)
Daily Video Recap - High Yielders Sink Prior to ECB and BOE Decisions and Friday's Jobs Report by CMS Forex
Live Daily Broadcast - Today's Live Show: Focusing on the EUR and the GBP Ahead of ECB and BoE Announcements by AllThingsForex
Economics Weekly - BoE and ECB interest rate decisions, US employment report due by Lloyds TSB Financial Markets
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 4 | 08:00 | UK | Halifax House Prices (MoM) (May) | 2.6% | -1.0% | -1.8% |
| 08:00 | UK | Halifax House Prices (YoY) (May) | -16.3% | -17.2% | -17.7% | |
| 09:00 | EMU | Retail Sales (MoM) (Apr) | 0.2% | 0.2% | -0.6% | |
| 09:00 | EMU | Retail Sales (YoY) (Apr) | -2.3% | -2.9% | -4.2% | |
| 09:30 | IS | CBI Interest Rate Decision | 12% | 13% | ||
| 11:00 | UK | BoE Interest Rate Decision (Jun 4) | 0.5% | 0.5% | 0.5% | |
| 11:45 | EMU | ECB Interest Rate Decision (Jun 4) | 1% | 1% | ||
| 12:30 | CA | Building Permits (MoM) (Apr) | -8.9% | 23.5% | ||
| 12:30 | US | Continuing Jobless Claims (May 23) | 6850K | 6788K | ||
| 12:30 | EMU | ECB Trichet's Speech | ||||