Tuesday, Jun 16, 16:19 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
The Disciplined Trader: USD pairs move up − GBP/USD looks impulsive by Pierre Charlebois
All USD pairs moved higher as expected. With the most recent move up on GBP/USD, the current wave count suggests it could make a new top. As long as 1.62 holds as a bottom this possibility remains.
Forex Trading Today: Risk Aversion Tempered as Attractive Rates Engage Sentiment by Tim Salem
FX Path: USD/JPY - Testing Support by James Chen
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Live Sessions Schedule
Trending Markets
Expert: Lea Peters
Start: Tue, Jun 16, 19:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Tue, Jun 16, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 16, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Jun 16, 19:00 GMT | Trending Markets | Lea Peters | WBN |  |
| Tue, Jun 16, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Wed, Jun 17, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Wed, Jun 17, 08:00 GMT | Understanding the simple rules of Money Management – Part II: Position sizing | Sunil Mangwani | WBN |  |
Current Session: U.S.
U.S. Update: Japanese Yen winning on falling stocks
FXstreet.com Independent Analyst − Wall Street is following previous session's negative tone, and stands barely positive at this moment, unable to move away from opening levels. Yet, only Japanese yen is winning on risk aversion/negative stocks. Greenback remains negative across the board, with European majors pointing to made further gains in the next days. Japanese yen appreciation has reached extreme levels, expect some important corrections there, as bulls will come sooner than latter.
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GBP/USD
GBP/USD: Fighting a small descendant trend line coming from 1.6570 highs by FXstreet.com Independent Analyst Team
Pair regain the upside, and at this time is fighting a small descendant trend line coming from 1.6570 highs. With 4 hours indicators showing signs of continuation while hourly momentum and 20 SMA support the bias.
Euro vs Dollar − Daily Chart by Master The Markets
Several interesting elements to consider on the euro vs dollar daily currency chart as we ponder the direction for the currency pair in the short to medium term. The first point to note is that we now seem to have a neat "head and shoulders" pattern on the daily chart which was completed with yesterday's wide spread down bar suggesting that we may have reached an interim top on the Eurodollar rally of the past few weeks.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jun 17 | 12:30 | Consumer Price Index (YoY) | -0.9% | -0.7% |
| Jun 17 | 12:30 | Consumer Price Index (MoM) | 0.3% | 0.0% |
Friday Notes - US CPI: Gasoline price jump pushes up inflation in May by UniCredit Group
Seasonally unadjusted gasoline prices, a major swing factor for headline CPI, were up more than 9% in May, according to the Department of Energy. The seasonally adjusted increase was about half that figure, but that is sufficient to lift the headline inflation rate. By contrast, core inflation remains pretty stable.
[ Full Story ]Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 16 | 13:15 | Capacity Utilization | 68.3% | 68.4% | 69.1% |
| Jun 16 | 13:15 | Industrial Production (MoM) | -1.1% | -1.1% | -0.7% |
US May Industrial Production −1.1%, Capacity Utilities 68.3% (Dow Jones)
[ Full Story ]- Read the Industrial Production data at the Fed
- Table Of Data On US Industrial Production (Dow Jones)
- Table Of Data On US Capacity Utilization (Dow Jones)
- U.S. Industrial Production dropped 1.1% in May; Euro and Pound ease (FXstreet.com)
US economic indicators - Industrial production (May): automobile plant shutdowns lead to sharp drop by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 16 | 13:15 | US | Capacity Utilization (May) | 68.3% | 68.4% | 69.1% |
| 13:15 | US | Industrial Production (MoM) (May) | -1.1% | -1.1% | -0.7% |
|
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jun 14) | -47 | |||
| Jun 17 | 00:30 | AU | Westpac Leading Index (MoM) (Apr) | 0.3% | ||
| 01:30 | AU | Housing Starts (QoQ) | -3.1% | -9.9% | ||
| 05:00 | JP | Bank of Japan Monthly Economic Survey | ||||
| 05:45 | CH | SECO Economic Forecasts | -2.2 | |||