Friday, Jun 19, 16:20 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Learning Center: New chapter online: Fundamental Analysis. Read it now!
- WEBINAR VIDEOS: Understanding the simple rules of Money Management – Part II: Position sizing by Sunil Mangwani
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: USD/CHF − Middle of Triangle Pattern by James Chen
Much like some other major currency pairs, price action on USD/CHF, a daily chart of which is shown, has formed a triangle consolidation pattern. Currently, price is right around the vertical middle of this converging consolidation, potentially preparing for a key directional move.
The advisor Blog: Usd/Jpy still in wide range by Valeria Bednarik
CEO's Blog: NFA - New Rulings Coming Along Will Change The Forex Industry Forever by Francesc Riverola
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Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Jun 22, 05:00 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 22, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 22, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Jun 22, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Jun 22, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Mon, Jun 22, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jun 22, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: U.S.
GBP/USD: upside rally halted just under 1.6500 zone
FXstreet.com Independent Analyst Team − Break above the descendant channel with nice volume trigger an upside rally halted just under 1.6500 zone. Hourly indicators seem a bit exhausted to the upside suggesting some short downside correction before any further raise. Break above today's high will confirm a continuation, as bigger time frames also turned to the upside.
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EUR/USD
EUR/USD: Risk of a further correction to 1.3720 seems less likely by ACM − Advanced Currency Markets
Choppy trading this week. Risk of a further correction to 1.3720 seems less likely now. Move above 1.4170 will reinstate bullish theme. Current consolidation pattern will be watched for breakout opportunity.
Stock indices drifted, again from this year's highs by Mizuho Corporate Bank
A quiet week where Treasury yields dropped a little from this year's highs but money markets were rattled by worries that rate hikes may come sooner than currently expected.
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 IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Jun 22 | 08:00 | IFO − Business Climate | 85.1 | 84.2 |
| Jun 22 | 08:00 | IFO − Expectations | 87.0 | 85.9 |
The Trading Week - The Trading Week: June 21 − June 26 by AllThingsForex
Monday, June 22 will begin with the first spotlight event of the week− the German IFO Institute Business Climate and Expectations Index, an early indicator of economic conditions and business expectations, at 4:00 am, ET.
[ Full Story ]Top Market Movers Review
Canada RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 19 | 12:30 | Retail Sales ex Autos (MoM) | -0.5% | -0.1% | -0.2% |
| Jun 19 | 12:30 | Retail Sales (MoM) | -0.8% | -0.1% | 0.3% |
Forex: USD/CAD bounces at 1.1250 and tests 1.1300 after Canadian retail sales (FXstreet.com)
[ Full Story ]- Read the Retail Sales data at Statistics Canada
- Canada Apr Retail Sales down 0.8%, −0.5% ex Autos (FXstreet.com)
Currency Trading Majors Pairs - USD to CAD − Daily Chart by Master The Markets
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 19 | 12:30 | CA | Retail Sales (MoM) (Apr) | -0.8% | -0.1% | 0.3% |
| 12:30 | CA | Retail Sales ex Autos (MoM) (Apr) | -0.5% | -0.1% | -0.2% | |
| Jun 21 | 22:45 | NZ | Visitor Arrivals (May) | 2.4% | ||
| 23:01 | UK | Rightmove House Price Index (MoM) (Jun) | 2.4% | |||
| 23:01 | UK | Rightmove House Price Index (YoY) (Jun) | -6.2% | |||
| 23:50 | JP | BSI Large Manufacturing (QoQ) (2Q) | -66 | |||
| 23:50 | JP | Tertiary Industry Index (MoM) (Apr) | 2.3% | -4.0% | ||
Candlesticks and their whole picture
Popularity of the candlesticks is huge, for that reason an amount of questions about it is understandably big. All the questions in this article have a tendency to clarify which candlestick pattern works most. In this article Tomas Cedavicius gives his understanding about candlestick charting and his view about practical approach to candlestick charting.
Related Resources
Basics Of Candlesticks - Report by Geert De Boeck
Understanding The Creation Of Candles In Forex Trading - Webinar recording by Sam Seiden
Trading Candlestick Patterns - Q&A transcripts by Ron William