Thursday, Jun 18, 16:24 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
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
FX Path: EUR/USD − Triangle Consolidation by James Chen
After failing at a head & shoulders reversal and rebounding around the key 1.3750 support/resistance region, price action on EUR/USD, a daily chart of which is shown, has formed a rough triangle pattern.
FX Market Readings: Twin webinars - We can Track the forex market together for week end by Dr. S. Sivaraman
The Disciplined Trader: EUR/USD - Paterns are unclear but good levels to watch for break-outs by Pierre Charlebois
Sponsored by 
Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Jun 18, 22:30 GMT
Type of Session: Webinar
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Fri, Jun 19, 09:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 18, 15:00 GMT | MONTHLY WEBINAR: Part 2 − VWAP and Strategies for Intraday Traders  | Mark Whistler | WBN |  |
| Thu, Jun 18, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Fri, Jun 19, 09:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
| Fri, Jun 19, 12:00 GMT | Trading this summer | Adam Rosen | WBN | |
| Fri, Jun 19, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
Wall Street up, dollar and yen down
FXstreet.com − Treasury Secretary Geithner urged lawmakers to accelerate consideration of the administration's proposal to reshape U.S. oversight of Wall Street. "Every financial crisis of the last generation has sparked some effort at reform, but past efforts have begun too late, after the will to act has subsided," Geithner said in "We cannot let that happen this time." This statement, along with yesterday's regulatory overhaul presented by President Obama, also calling FED to monitor the biggest, most interconnected banks, sets up a new agency to oversee consumer financial products and brings hedge funds and private equity firms under federal supervision for the first time.
.
Chart of the Day – EUR/JPY by ForexYard
Price action on EUR/JPY has just bounced up off the bottom support trendline of a parallel uptrend channel extending from late April. This represents the third support touch within this channel, with two resistance touches on the top thus far.
USD/JPY
This remains an extremely dangerous and volatile pair by Master The Markets
Until we see a sustained break below 94 or a move back above 102 this pair is doomed to thrash around in this range.
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
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jun 19 | 06:00 | Producer Price Index (YoY) | -3.6% | -2.7% |
| Jun 19 | 06:00 | Producer Price Index (MoM) | 0.0% | -1.4% |
Weekly Forex Outlook - German PPI (May) is forecast by Easy Forex
In the Eurozone; On Tuesday, German Zew Survey forecast at 35 vs. 31 previously. On Wednesday, Trade Balance is forecast at −1.5Bn in April. On Friday, German PPI (May) is forecast flat vs. −1.4% previously m/m.
[ Full Story ]Top Market Movers Review
US PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 18 | 14:00 | Philadelphia Fed Manufacturing Survey | -2.2 | -18.0 | -22.6 |
DATA SNAP: Phila. Area Factories See Big Improvement In June (Dow Jones)
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 18 | 14:00 | US | Leading Indicators (MoM) (May) | 1.2% | 0.9% | 1.1% |
| 14:00 | US | Philadelphia Fed Manufacturing Survey (Jun) | -2.2 | -18.0 | -22.6 | |
| 23:50 | JP | BoJ Minutes | ||||
| Jun 19 | 06:00 | DE | Producer Price Index (MoM) (May) | 0.0% | -1.4% | |
| 06:00 | DE | Producer Price Index (YoY) (May) | -3.6% | -2.7% | ||
| 12:30 | CA | Retail Sales (MoM) (Apr) | -0.1% | 0.3% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Apr) | -0.1% | -0.2% | ||