Monday, Jun 15, 16:23 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Learning Center: Chapter 1 of Unit B: Technical Analysis is out. Check it out!
- WEBINAR VIDEOS: The Green Revolution? by Joseph Trevisani
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Rhetoric Reverses on Dollar Reserve Issues by Tim Salem
We see a unique situation emerging out of Russia joining "The Party" with the "Jawboning" Positives for The Dollar… despite their Cuts concerning TICS Data and Treasury Reserves Inflows for April.
CEO'S Weblog: The John Smith Tools Software for MetaTrader is here… Test it! by Francesc Riverola
FX Market Readings: Market near low by Dr. S. Sivaraman
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Jun 15, 22:30 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Tue, Jun 16, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 15, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Jun 15, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Tue, Jun 16, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Tue, Jun 16, 11:00 GMT | Understanding the simple rules of Money Management – Part II: Position sizing  | Sunil Mangwani | WBN |  |
| Tue, Jun 16, 13:00 GMT | Live Strategy and Analysis | Sam Seiden | WBN | |
Current Session: U.S.
U.S. Update: Dollar up across the board
FXstreet.com Independent Analyst Team − OPEC does not want a rapid, destabilizing rise in oil prices, but the Secretary General says that a move to $80 would not hurt the global economy. Despite that, oil is falling under $ 70 a barrel, helping dollar positive tone that reached the key 1.3770 zone against Euro. Gbp fall is contained by the 1.6300 zone, while Japanese Yen continues hovering around 98.00. Due to extreme over bought conditions of dollar against major rivals I expect some corrective movements
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EUR/USD: Dollar gains send the pair to 1.3838 by FXstreet.com Independent Analyst Team
Dollar gains send the pair to 1.3838 where pair reached oversold conditions, and correction was halted around 1.3890. The daily low hit the neck of the daily head and shoulders figure, so a break and confirmation under that level, could accelerate losses in the pair.
Euros To Pounds − Daily Chart by FXstreet.com
With all three moving averages pointing sharply lower for the euros to pounds pair, Friday's indecisive candle provided only a momentary respite before prices continued lower in today's trading session, with our initial price target of 0.80 now firmly on the horizon.
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
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jun 15 | 17:00 | NAHB Housing Market Index | 17 | 16 |
Friday Notes - NAHB housing market index pessimism still rules among house builders by UniCredit Group
Home builders still see declining demand for new houses, but the degree of pessimism they express is easing somewhat. The implication is the overall business recession, which was presaged by the contraction in residential construction, will come to an end long before the housing market bottoms out.
[ Full Story ]Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Jun 16 | 09:00 | ZEW Survey − Economic Sentiment | 35.2 | 31.1 |
EMU economic indicators - German ZEW economic sentiment (June): up by BHF−Bank
The German ZEW economic sentiment will probably have risen again in June, but not as sharply as the previous month. The ifo business expectations and the US ISM manufacturing index have both improved.
[ Full Story ]Top Market Movers Review
US NET LONG−TERM TIC FLOWS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 15 | 13:00 | Total Net TIC Flows | -$53.2B | - | $25.0B |
| Jun 15 | 13:00 | Net Long−term TIC Flows | $11.2B | $60.1B | $55.4B |
US Net long Term TIC flows decline to $11.2 billion in April; USD dips against Yen (FXstreet.com)
[ Full Story ]- Read the TICs data at the Treasury Department
- US Apr Net Long−term TIC Flows down to $11.2B (FXstreet.com)
US NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 15 | 12:30 | NY Empire State Manufacturing Index | -9.41 | -6.00 | -4.55 |
NY Fed's June Manufacturing Index −9.41 Vs −4.55 In May (Dow Jones)
[ Full Story ]- Read the Manufacturing Index data at the NY Fed
- U.S. NY Fed manufacturing Index weakens in May; Dollar steady (FXstreet.com)
- US NY Empire State Manufacturing Index decreases to −9.41 in Jun (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 15 | 13:00 | US | Total Net TIC Flows (Apr) | $-53.2B | $25.0B |
|
| 14:00 | US | Treasury's Geithner Speech | ||||
| 17:00 | US | NAHB Housing Market Index (Jun) | 17 | 16 | ||
| Jun 16 | 01:30 | AU | RBA Meeting's Minutes | |||
| 04:00 | JP | BoJ Interest Rate Decision | 0.1% | 0.1% | ||
| 05:00 | JP | BoJ's Governor Shirakawa Speech | ||||
| 07:15 | CH | Industrial Production (QoQ) | -11.7% | 0.1% | ||
Educational Resources
Psychology: The Mind of a Trader
Steven Croft's new podcast about trading strategies and psychology matters: listen now! Here are the topics for this week:
− What Will You Do At The Fork In The Road?
− Climb The Mountain and Love It
− From Good to Great
More psychology resources:
Animal Spirits: Not So Good for Day Trading, or Investing for that Matter - Report by Gabe Velázquez
Man vs. Market - Ebook by Rob Booker
W.D.Gann Trading Physchology - Transcript session by David Burton