Wednesday, Jun 24, 20:21 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
Forex Trading Today: SNB Intervention Clips the Swissy and Propels EUR/CHF by Tim Salem (CVJ)
While we await U.S. Durable Goods Data Points, we check in on The USD/CHF and especially the EUR/CHF as Swiss Intervention comes in yet once again at The Massive 1.5000 Handle.
The Advisor Weblog: Remeber Eur/Chf? by Valeria Bednarik
Trading for a living: Asian channel breakout at the european opening by David Aranzabal
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Live Sessions Schedule
Asia−Pacific Trading Webinar
Expert: Abdul Khan
Start: Fri, Jun 26, 05:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Wed, Jun 24, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jun 24, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Thu, Jun 25, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN |  |
| Thu, Jun 25, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Jun 25, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Thu, Jun 25, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
Current Session: U.S.
FOMC keeps refi rate and Treasury program unchanged on gradual recovery ahead
FXstreet.com − Federal Reserve has decided to leave its interest rate unchanged at 0.0% to 0.25% band and to keep its Treasury purchase program and MBS at the same size as it decided in the previos FOMC meeting. Fed has announced it will keep rates exceptionally low in the near term despite consumer spending has shown signs of stabilization as economic contraction is slowing in the latest month. Fed expects a gradual economic recovery in the short term. Dollar reacts up.
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GBP/USD
Cable fell off after recording a high of 1.6604 by Kshitij Consultancy Service
Cable fell off after recording a high of 1.6604. It is likely to now fall towards 1.62 as the pair has been ranged between 1.62 to 1.6640 over the last several days.
EUR/USD
EUR/USD regaining the upside after falling to 1.4000 by Valeria Bednarik
Strong volatility today, pair is regaining the upside after falling to 1.4000 after Swissy intervention, and hourly indicators turn to the upside.
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 INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Jun 25 | 12:30 | Initial Jobless Claims | - | 608K |
| Jun 25 | 12:30 | Continuing Jobless Claims | - | 6687K |
Friday Notes - Private sector deleveraging to slow down economic recovery by UniCredit Group
Layoffs are at a high level, as are the continuing claims although the worst is definitely behind us. But both measures of labor market weakness are still higher than would be associated with an imminent end to the recession. Among the (further) good news in this weekly report is the insured unemployment rate, which fell to 5%.
[ Full Story ]Top Market Movers Review
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 24 | 18:15 | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% |
FOMC says economic contraction is slowing by Easy Forex
[ Full Story ]- Forex: GBP/USD back at 1.6400; down 0.30% for the day (FXstreet.com)
- FOMC keeps refi rate and Treasury program unchanged on gradual recovery ahead (FXstreet.com)
- Fed leaves Interest Rate at 0.25% as expectations (FXstreet.com)
Live Daily Broadcast - Today's Live Show%3A What's in Store for the USD and JPY After the Fed%3F by AllThingsForex
The Energy Report - Who's afraid of the Big Bad Fed%3F by Alaron
The Stock Index Report - Quiet trade ahead of FOMC by DeCarley Trading
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 24 | 14:30 | US | EIA Crude Oil Stocks change | -3.8M | -3.9M | |
| 18:15 | US | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% | |
| 22:45 | NZ | Current Account (1Q) | -1.310B | -4.026B | ||
| Jun 25 | 00:00 | AU | Conference Board Australia Leading Index (Apr) | 0.4% | ||
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Jun) | -10.1% | -11.3% | ||
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Jun) | -0.4% | 1.2% | ||
| 09:00 | EMU | Industrial New Orders (YoY) (Apr) | -32.8% | -26.9% | ||
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