Monday, Jun 29, 11:02 GMT
U.S. Trading Newsletter
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- WEBINAR VIDEOS: Monthly Webinar: What Traders Need to Know About Today's Forex by Mark Whistler
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Dollar and Yen Strength Continue to Begin The Week by Tim Salem
Greetings again, Everyone! Dollar and yen Strength slowly grind away at most Majors and Crosses, despite The Majors still being largely Range−Bound and in Consolidation from the IntraDay Views.
FX Market Readings: Swing and rise moves are expected by Dr. S. Sivaraman
FX Path: Forex Levels to Watch (Week of Jun 29 - Jul 3, 2009) by James Chen
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Live Sessions Schedule
Market harmonics and Forex Trading
Expert: Derek Frey
Start: Mon, Jun 29, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jun 29, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 29, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jun 29, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jun 29, 14:00 GMT | Market harmonics and Forex Trading | Derek Frey | WBN | |
| Mon, Jun 29, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe − U.S.
USD/JPY to test 94.00 area in July − Mizuho
FXstreet.com − The Dollar's decline against the Yen from 98.89 in early June has continued during the month to break 97.30, 96.10 and 95.60 supports in the last 3 weeks to trade close to 95.50 level. Nicole Elliott, Senior Technical Analyst at Mizuho Corporate banks, expects the USD/JPY to fall further toward 94.00 zone, breaking the June low at 94.45, reached on June the 1st.
European Session
European markets advance; EUR and GBP in recovery path by FXstreet.com
European stocks are recovering its initial losses on concern on economic recovery and all of its markets are rising so far today. Oil is trading close to 69.25 dollars by barrel, Zhou Xiaochuan says that China will grew 8% or more in 2009. Euro and Pound are rising in recovery path, USD/JPY is fighting for the 95.50 level.
GBP/USD
Death of the Dinosaurs by Swiss e Trade AG
Cable for once is moving quite in tandem to the euro, hovering above support levels and currently trading at 1.6490 in a slight retreat. We see the 1.6460 support holding today and then more upmoves, to the 1.6550 level.
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 M3
| Date (GMT) | Event | Cons. | Previous | |
| Jun 30 | 08:00 | M3 (YoY) | 4.6% | 4.9% |
Friday Notes - EMU, M3: Severe credit downturn by UniCredit Group
M3 growth has been on a slowing trend for one year and a half. Looking at lending dynamics, in April the flow of credit to the private sector was negative for the fourth time in the last five months: household lending is at a standstill while corporate lending continues its deceleration from April 2008's peak. As economic activity continues to shrink, in May we see a further easing in M3 growth and slower loans growth, particularly to firms.
[ Full Story ]Top Market Movers Review
EMU ECONOMIC CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 29 | 09:00 | Industrial Confidence | -32 | -32 | -33 |
| Jun 29 | 09:00 | Consumer Confidence | -25 | -30 | -28 |
| Jun 29 | 09:00 | Economic Confidence | 73.3 | 71.0 | 70.2 |
DATA SNAP: Euro−Zone Confidence Improves For Third Month (Dow Jones)
[ Full Story ]- UPDATE: Euro−zone Confidence Rises;Econ Likely Bottomed In 1Q (Dow Jones)
- Forex: EUR/USD rises above 1.4000 after the EU consumer confidence good data (FXstreet.com)
- EU Jun Economic Confidence improves to 73.3 vs 70.2 (FXstreet.com)
Friday Notes - EMU, Economic Confidence: At a turning point by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 29 | 08:30 | UK | Consumer Credit (May) | £0.3B | £0.3B | £0.3B |
| 08:30 | UK | M4 Money Supply (YoY) (May) | 16.6% | 16.6% | ||
| 08:30 | UK | Net Lending to Individuals (May) | £0.6B | £1.3B | £1.1B |
|
| 09:00 | EMU | Consumer Confidence (Jun) | -25 | -30 | -28 |
|
| 09:00 | EMU | Economic Confidence (Jun) | 73.3 | 71.0 | 70.2 |
|
| 09:00 | EMU | Industrial Confidence (Jun) | -32 | -32 | -33 |
|
| 23:01 | UK | Gfk Consumer Confidence (Jun) | -27 | |||
| 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Jun) | 46.6 | |||
| 23:30 | JP | Overall Household Spending (YoY) (May) | -1.5% | -1.3% | ||
| 23:50 | JP | Jobless Rate (May) | 5.2% | 5.0% | ||