Friday, Jun 12, 11:03 GMT
U.S. Trading Newsletter
To Get Started
- Learning Center: Chapter 1 of Unit B: Technical Analysis is out. Check it out!
- WEBINAR VIDEOS: Economic and Technical View of the Currency Market by Rob Booker
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: EUR/JPY and GBP/JPY Look Towards Continued Appreciation by Tim Salem
We see the other "Area of Focus" on the Current Dollar and Yen Intra−Day Weakness, as The Yen also follows several Key Areas and Channels moving forward.
CEO's Weblog: Trading Day’s Live Wrap Up. A new daily webinar by Francesc Riverola
FX Bootcamp: Pre London Outlook June 12th 2009 by David R Pegler
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jun 12, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jun 12, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Jun 12, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Jun 12, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Jun 15, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: Europe − U.S.
Positive Economic Outlook Puts a Lid on the Dollar
Swiss e Trade AG − The pair is on a slight selling tone this European morning and currently trading at 1.4040, back from highs around 1.4150. We expect these highs to be tested again today, and eventually broken, to a maximum of 1.4210.
GBP/USD
Forex: GBP/USD: Pound attempting to bounce from 1.6420 day low by FXstreet.com
After failure to break 1.6660 resistance level during Asian session, the Pound has dropped about 160 pips during European trading hours to hit an intraday low af 1.6520.
USD/JPY
Forex: USD/JPY: Dollar approaching resistance at 98.40 by FXstreet.com
The Dollar has performed a 100 pip rally from yesterday's low at t 97.25 to reach an intra−day high at 98.28 on today's European session.
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
US IMPORT PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jun 12 | 12:30 | Import Price Index (MoM) | 1.1% | 1.6% |
| Jun 12 | 12:30 | Import Price Index (YoY) | - | -16.3% |
US economic indicators - We expect import prices to have gone up by 1.2% mom in May by BHF−Bank
Import prices increased by 1.6% in April, mainly due to the rebound in petroleum prices. They continued to rise in the statistically relevant first third of the month, albeit less sharply than in the previous month. We therefore expect import prices to have gone up by 1.2% mom in May. However, the base effects from the energy side will still dampen the annual rate, which could have declined further from –16.3% to –17.6%.
[ Full Story ]Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 12 | 09:00 | Industrial Production w.d.a. (YoY) | -21.6% | -19.8% | -19.3% |
| Jun 12 | 09:00 | Industrial Production s.a. (MoM) | -1.9% | -0.5% | -1.4% |
DATA SNAP: Euro−Zone Apr Indus Output Posts Record On Yr Drop (Dow Jones)
[ Full Story ]- Read the Industrial Production data at Eurostat
- UPDATE: Euro−Zone Apr Indus Output Posts Record On Yr Drop (Dow Jones)
- EU Industrial Production MoM down 1.9% MoM in Apr, −21.6% YoY (FXstreet.com)
EMU economic indicators - EMU industrial production (April): further decline by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 12 | 05:00 | JP | Consumer Confidence (May) | 36.3 | 34.0 | 33.2 |
| 05:00 | JP | Consumer Confidence Households (May) | 35.7 | 34.1 | 32.4 | |
| 06:00 | DE | Wholesale Price Index (MoM) (May) | 0.1% | 0.1% | 0.1% | |
| 06:00 | DE | Wholesale Price Index (YoY) (May) | -8.9% | -9.0% | -8.1% | |
| 09:00 | EMU | Industrial Production s.a. (MoM) (Apr) | -1.9% | -0.5% | -1.4% |
|
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Apr) | -21.6% | -19.8% | -19.3% |
|
| 11:30 | EMU | ECB Trichet's Speech | ||||
| 12:30 | US | Import Price Index (MoM) (May) | 1.1% | 1.6% | ||
| 12:30 | US | Import Price Index (YoY) (May) | -16.3% | |||
| 13:55 | US | Reuters/Michigan Consumer Sentiment Index (Jun)  | 68.6 | 68.7 | ||
Educational Resources
For the first time ever, Sunil Mangwani, a professional currency trader and competent educator & trainer in forex is bringing his two days workshop to London. A unique "fast track" workshop, with a "Hands−On" approach to trade the forex markets; the objective of this workshop is to guide the trader on the correct path and offer techniques /strategies which work, plus concentrate on the concepts of the 3M's – Money, Mind & Method.
Related Resources
Register here for Sunil Mangwani's next webinar Mon, Jun 15 2009, 09:00 GMT
Follow his blog - Forexology
Check here his educational reports