Tuesday, Jun 18, 19:11 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- Forex Live Analysis Room: Next EUR/USD and AUD/USD targets by FXstreet.com
- Be Ready: Fed tapering still a long way off by FXstreet.com
- Latest WEBINAR recording: Trading Tuesdays: FOREX.com’s Market ideas ahead of the FOMC by Kathleen Brooks
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Editor's eye on majors
Yen holds near two-month highs vs dollar & yen by HY Markets Research Team
Hilsenrath suggesting no changes in bond-buying Fed police by Talking-Forex.com
USDJPY Inverted Hammer sees follow through today, 95.40 break could see next target at 96.00 by Laith Marmarchi
From the FX Network
Brian Twomey: EURUSD I'm currently short, TP 1.3246 &1.3182, but I see prior TP of 3100's &3000's yet to fullfill
Latest from the Forex Social Network
Romano commented a blog post 2 minutes ago Deutsche Bank - Short-end yields driving the Euro
Brian, EU is "correcting" for 5 years in row now and yet it is still in overvalued territory, near all time highs on large scale - and that despite bi...
Brian Twomey commented a blog post 24 minutes ago INSIDE THE CURRENCY MARKET: EJ, U/CHF, EU
Must look at this EU run from 3700 - 2700 = 1000 pips, now retraced 700, more than 50%, approaching 68%, 68% or 61.8% Fib is an average price used to...
Ron Schelling created a blog post 29 minutes ago Latest on Ranking the Majors
Ranking on Major Pairs and Cross-Rates per June 18th.
Brian Twomey commented a blog post 40 minutes ago INSIDE THE CURRENCY MARKET: EJ, U/CHF, EU
I trust my numbers Peter, and that allows me to fully understand prices cause I know exactly where every pip is located. That's what makes me good. Ye...
Webinars Schedule
How to Find The Best Reversal Setups Using the Big Shadow
Expert: Walter Peters
Start: Wed, Jun 19, 10:00 GMT
Type of Session: Webinar
Monitoring the markets: Fed Interest Rates Decision
Expert: Valeria Bednarik
Start: Wed, Jun 19, 17:45 GMT
Type of Session: Questions and Answers
| Sponsored by | ||||
| Wed, Jun 19, 10:00 GMT | How to Find The Best Reversal Setups Using the Big Shadow  | Walter Peters | WBN |  |
| Wed, Jun 19, 12:00 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jun 19, 13:00 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jun 19, 17:45 GMT | Monitoring the markets: Fed Interest Rates Decision | Valeria Bednarik | LCV | |
| Wed, Jun 19, 17:45 GMT | Trade the Fed Decision LIVE | Curt Wehrley | WBN | |
Current Session: U.S.
EUR/USD: bulls still in charge
In the 4 hours chart, price just bounced higher from its 20 SMA, while indicators hold in positive territory, showing not much strength at the time being. Will be hard to see a clearer definition ahead of FOMC meeting tomorrow, with the pair expected to continue ranging in the 1.33/34 area.
GBPUSD down to medium term 23.6% Fib retra.
NZDUSD Three Outside Up Hourly Chart
Charting the Market Movers
GBP USD, Hourly
Event of the Day
US CONSUMER PRICE INDEX EX FOOD & ENERGY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 18 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.7% | 1.7% | 1.7% |
US: CPI rose 1.4% in May (FXstreet.com)
[ Full Story ]- Read the official report at US Bureau of Labor Statistics
- GBP/USD wavers after US CPI, hits 1−week low (FXstreet.com)
- EUR/USD down to 1.3350 on US CPI (FXstreet.com)
- NZD/USD unchanged after US CPI (FXstreet.com)
Event of the Week
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 19 | 18:00 | Fed Interest Rate Decision | - | 0.25% | 0.25% |
- Flash: The Fed 'tapering' will happen − Nomura (FXstreet.com)
- Flash: Commodity FX, high−yielders to benefit from FOMC − JPMorgan (FXstreet.com)
FX Outlook - Hilsenrath suggesting no changes in bond−buying Fed police by Talking−Forex.com
Australia Outlook - Dollar − Whipping Boy of Fed Watchers by BK Asset Management
US: FedWatch - Ahead of June 18 – 19 FOMC Meeting by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 18 | 15:30 | US | 4−Week Bill Auction | 0.045% | 0.040% | |
| 22:45 | NZ | Current Account − GDP Ratio (1Q) | -4.8% | -5.0% | ||
| 22:45 | NZ | Current Account (QoQ) (1Q) | -$0.60B | -$3.26B | ||
| 23:50 | JP | Adjusted Merchandise Trade Balance (May) | -¥892.800B | -¥764.365B | ||
| 23:50 | JP | Exports (YoY) (May) | 6.5% | 3.8% | ||
| 23:50 | JP | Imports (YoY) (May) | 10.8% | 9.4% | ||
| 23:50 | JP | Merchandise Trade Balance Total (May) | -¥1200.0B | -¥879.9B | ||
Educational Resources
Sam Seiden − It seems to me that everything ever written about trading with price charts is always about the price action on the chart. A candlestick, line, bar, tick, point and figure, volume, or any other type of chart obviously represents the price action. All the information people write and read about has to do with the price action. I don't think I have ever seen anything written about the white space on the chart...
See more Lessons From The Pros:
Surfing for Dividends by Brandon Wendell, CMT
Meditation Can Be the Medication for Your Trading by Dr. Woody Johnson
Common Classroom Questions by Rick Wright