Monday, Jun 08, 11:27 GMT
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Forex Blogs
Trading for a living: Post NFP gives us a good dollar rally at the start of the week by Tim Salem
After NFP's dollar reaction, we were expecting volatility at the start of the esropean session. Either a big retracement (up to 100% previuos down leg) or second leg (up to 100% continuation previous down leg). The Frankfurt opening broke the Asian Channel and strarted to make lower lows and lower highs all the way down.
The Advisor Blog: Starting the day by Valeria Bednarik
The Disciplined Trader: Dollar Index potential Elliott Wave Countby Pierre Charlebois
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 8, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jun 8, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 8, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jun 8, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jun 8, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jun 8, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe − U.S.
Sterling plummets on UK political turmoil as PM faces calls to quit
Finotec Group Inc. − Sterling fell against the dollar on Friday after a series of resignations by government ministers and calls for Prime Minister Gordon Brown to step down stoked concern about UK political uncertainty. Sterling pared the worst of its losses as Brown announced a cabinet reshuffle and finance minister Alistair Darling was left in his post. The immediate danger of government collapse was averted, but investors were wary that sterling could be dented further, with Brown's position seen by markets as tenuous despite his expressed determination to remain as prime minister.
EUR/USD
Daily Trading Forecast − EUR / USD Oversold Again by Swiss e Trade AG
The pair again lost ground in early European trading and is currently priced at 1.3830, near an important support level. We expect recovery moves to set in soon today, to a maximum of 1.3950.
USD/JPY
Forex: USD/JPY: Dollar rally, halted at 98.90 by FXstreet.com
The Dollar rose on Friday from levels around 96.70 to 98.90 high, a level which could not have been breached during Asian session, and the Dollar eased somewhat during European session, to levels at 98.20 intra−day low. At the moment the pair trades around 98.60.
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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 9 | 10:00 | Industrial Production s.a. (MoM) | -0.2% | 0.0% |
| Jun 9 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | -21.1% | -20.4% |
EMU economic indicators - Output in the German producing sector (April): decrease likely by BHF−Bank
Output in the German producing sector will probably have decreased in April, just like the ifo Institute's current assessment of the situation in the manufacturing sector.
[ Full Story ]Top Market Movers Review
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 8 | 10:00 | Factory Orders s.a. (MoM) | 0.0% | -0.8% | 3.7% |
| Jun 8 | 10:00 | Factory Orders n.s.a. (YoY) | -37.1% | -35.8% | -26.5% |
DATA SNAP: German April Mfg Orders Flat, Demand Stabilizing (Dow Jones)
[ Full Story ]- Read the Factory Orders data at the Bundesbank
- Germany Apr MoM factory orders on hold from last month, −37.1% YoY (FXstreet.com)
Friday Notes - Germany, New Orders: Slump in demand halted by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 8 | 05:00 | JP | Eco Watchers Survey: Outlook (May) | 43.3 | 39.7 | |
| 05:45 | CH | Unemployment Rate (May) | 3.4% | 3.5% | 3.5% | |
| 05:45 | CH | Unemployment Rate s.a. (May) | 3.5% | 3.6% | 3.4% | |
| 08:30 | EMU | Sentix Investor Confidence (Jun) | -27.0 | -31.0 | -34.3 | |
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Apr) | -37.1% | -35.8% | -26.5% |
|
| 10:00 | DE | Factory Orders s.a. (MoM) (Apr) | 0.0% | -0.8% | 3.7% |
|
| 12:15 | CA | Housing Starts s.a (YoY) (May) | 127K | 118K |
||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (May) | 4.6% | |||
| 23:01 | UK | RICS House Price Balance (May) | -52.0% | -59.9% | ||
| Jun 9 | 00:30 | AU | RBA Foreign Exchange Transaction (May) | 5.12M | ||
Educational Resources
New Rob Booker's ebook: Man vs. Market
Is it Man versus Market? Or something else entirely?
It's you against the Market, that's what they'll tell you. But if we stop for a moment, what do we see? Is it maybe the contrary, Man versus Market?
Read Rob Booker's last ebook... A little entertaining lesson about trading and your relationship with the market, the rest of traders and yourself.
Related Resources
Previous Rob Booker's ebook - It's 2009. Get Your Trading S*** Together, Man!
Meet Rob in person at the ITC '09 Barcelona!