Tuesday, Jun 23, 16:00 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
The Disciplined Trader: EUR/USD at pivot point − New high is possible… by Pierre Charlebois
I wrote in my FX Weekly Report that the month−end could give way to a final thrust, up to the highs of the beginning of the month. Indeed the most recent move on the EUR/USD opens that door.
FX Path: EUR/USD - Tentative Triangle Breakout by James Chen
The Advisor Blog: Eur/Usd technical points by Valeria Bednarik
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Live Sessions Schedule
Simplifying W.D.Gann
Expert: Lea Peters
Start: Tue, Jun 23, 19:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Tue, Jun 23, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 23, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Jun 23, 19:00 GMT | Simplifying W.D.Gann | Lea Peters | WBN |  |
| Tue, Jun 23, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Wed, Jun 24, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Wed, Jun 24, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
U.S. Update: Euro approaching to range roof
Valeria Bednarik − Early in America, stocks turned lower as Existing Home sales report resulted weaker than expected, printing 4.77 M against a revised to the downside 4.66 past month. Richmond manufacturing index rose to 6 from 4, but stocks along with greenback remain under selling pressure. In about an hour, President Barak Obama adding more volatility to actual market, thus we expect conditions to remain the same till Thursday's FED's meeting.
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Chart of the Day – USDCAD by FXstreet.com
After breaking out cleanly above a key support/resistance level in the 1.1450 price region, USD/CAD has ascended further to approach an important downtrend resistance line extending from the fourth test of the 1.3000 region back in early March.
Pair regained the upside on rising stocks and some risk appetite by FXstreet.com Independent Analyst Team
Pair regained the upside on rising stocks and some risk appetite, with hourly indicators almost exhausted after a 180 pips straight rally. 1.4000 level as usual these days is holding the upside, yet bigger time frames suggest there are chances for a break above is positive tone continues.
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
EMU CURRENT ACCOUNT N.S.A
| Date (GMT) | Event | Cons. | Previous | |
| Jun 24 | 08:00 | Current Account n.s.a | - | -€3.5B |
| Jun 24 | 08:00 | Current Account s.a | - | -€6.5B |
EMU economic indicators - EMU current account is likely to have deteriorated by BHF−Bank
French consumer spending probably went up slightly in May, as consumer confidence improved. EMU industrial new orders might have remained more or less unchanged in April, just like the corresponding German figure. Following its usual seasonal pattern, the EMU current account is likely to have deteriorated in April. French Q1 GDP might be revised downwards.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 23 | 14:00 | Existing Home Sales | 4.77M | 4.80M | 4.66M |
| Jun 23 | 14:00 | Existing Home Sales (MoM) | 2.4% | 2.6% | 2.9% |
US May Existing Home Sales Up 2.4% To 4.77 Mln Rate (Dow Jones)
[ Full Story ]- Read the Existing Home Sales data at NAR
- US Home Prices Fell Seasonally−Adjusted 0.1% In April (Dow Jones)
- Table Of Data On Existing US Home Sales (Dow Jones)
- US May Existing Home Sales increase a 2.4% to 4.77M (FXstreet.com)
The Week Ahead - Existing home sales are expected to increase by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 23 | 14:00 | US | Existing Home Sales (May) | 4.77M | 4.80M | 4.66M |
| 14:00 | US | Existing Home Sales (MoM) (May) | 2.4% | 2.6% | 2.9% | |
| 20:30 | US | API Crude Oil Inventories (Jun 19) | -1262K | |||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jun 21) | -49 | |||
| 23:50 | JP | Adjusted Merchandise Trade Balance (May) | ¥250.0B | -¥52.1B | ||
| 23:50 | JP | Corporate Service Price (YoY) (May) | -2.8% | -2.4% | ||
| 23:50 | JP | Merchandise Trade Balance Total (May) | ¥220.0B | ¥67.7B |
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Educational Resources
The Fed and The FOMC Committee
The Federal Reserve is the Central Bank of the United States, setting Monetary Policy and broadly ensuring the stability and development of the US Financial System. Read this new report written by Tim Salem. The "Fundamental Forex Foundations" is a new series to introduce some of the key and major data release concepts that affect us in the Foreign Exchange World with the most impact.
Related Resources
Central Bank Review - Webinar recording with Adam Rosen
Learning Center - Section about "Interest Rates" in the Fundamental Chapter
Live Coverage of this month's FOMC Meeting with Nick Nasad from the Homepage of FXstreet.com: Wednesday 24th at 18:00 GMT - 14:00 EST