Wednesday, Jun 19, 07:54 GMT
EUROPEAN Trading Newsletter
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To Get Started
- WEBINAR RECORDING: Finding High Quality Turning Points by Brandon Wendell
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Trader's Eye on NZD, short-term
Gonçalo Moreira - Carefull watching an abrupt move back into the Greenback, otherwise favoring NZD against CAD.
AUDUSD is assessed to be in large (monthly) channel pattern by Ian Coleman
Scaling back of stimulus threatens to drag the AUD lower by OzForex Research
NZD/USD, AUD/NZD Flows: Q1 C/A balance -NZD660m, -4.8% of GDP; Kiwi steady by FXMarketAlerts Team
Latest from the Forex Social Network
Gregor Horvat created a blog post 2 minutes ago EURUSD: Final Stages within Uptrend?!
EURUSD reached new high yesterday so we assume that wave 4 is already complete and that wave 5 is underway which has room for further gains, towards 1...
Inspector Clouseau commented a blog post 2 minutes ago Intraday Charts for Key Pairs - Monday 17th June 2013 - Onwards
Dear Peter,
With regards to trading and your help (introduction to linear regression), I acknowledge and extend my gratitude to you. That tool has wo...
trader fx View Activity 7 minutes ago hi sir,how are you hope you well.no tips from last 3 weeks.thanx
Jason Sen created a blog post 10 minutes ago Today's #XAGUSD #Silver day trading report
Webinars Schedule
Trade the Fed Decision LIVE
Expert: Curt Wehrley
Start: Wed, Jun 19, 17:45 GMT
Type of Session: Webinar
Think Like A Banker, Win Like a Banker
Expert: Navin Prithyani
Start: Thu, Jun 20, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jun 19, 10:00 GMT | How to Find The Best Reversal Setups Using the Big Shadow  | Walter Peters | WBN |  |
| Wed, Jun 19, 12:00 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jun 19, 13:00 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jun 19, 17:45 GMT | Monitoring the markets: Fed Interest Rates Decision | Valeria Bednarik | LCV | |
| Wed, Jun 19, 17:45 GMT | Trade the Fed Decision LIVE | Curt Wehrley | WBN | |
Current Session: Europe
EUR/USD had again a very choppy trading session
Overnight, most Asian shares are in negative territory with Japan again the exception to the rule. China is a distinct underperformer. The developments in Asia have again little impact on EUR/USD. The pair is holding in the 1.34 area, within reach of the ST correction top.
AUDUSD is assessed to be in large (monthly) channel pattern
Charting the Market Movers
USD JPY, Hourly
Event of the Day
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 19 | 18:00 | Fed Interest Rate Decision | - | 0.25% | 0.25% |
Weekly Observatory - All eyes on the FED by BBVA Bancomer
[ Full Story ]- Flash: Watch risk profiles for USD reaction post FOMC − UBS (FXstreet.com)
- Flash: FOMC to announce taper at the end of Q3 − Nomura (FXstreet.com)
- Flash: Bernanke not likely to backtrack on previous tapering comments − NAB (FXstreet.com)
Sunrise Market Commentary - US yields were flat to 1 basis points lower by KBC Bank
Dollar rises against yen ahead of Fed rate decision : June 19, 2013 (Wed, Jun 19 2013) by AceTrader
Trading Opportunities Using Inter−Market Relationships - Equities Provide Stress Test For The Federal Reserve by Jupiter Peak Financial, LLC
Event of the Week
Switzerland SNB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 20 | 07:30 | SNB Interest Rate Decision | - | 0% | 0% |
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 18 | 23:50 | JP | Imports (YoY) (May) | 10.0% | 10.8% | 9.5% |
| 23:50 | JP | Merchandise Trade Balance Total (May) | ¥-993.9B | -¥1200.0B | -¥881.9B |
|
| Jun 19 | 00:00 | AU | CB Leading Indicator (Apr) | 0.3% | 0.1% | |
| 00:30 | AU | Westpac Leading Index (MoM) (Apr) | 0.6% | 0.1% |
||
| 08:30 | UK | Bank of England Minutes | ||||
| 09:00 | EMU | Construction Output s.a (MoM) (Apr) | -1.7% | |||
| 09:00 | EMU | Construction Output w.d.a (YoY) (Apr) | -7.9% | |||
| 09:00 | CH | ZEW Survey − Expectations (Jun) | 2.2 | |||
| 09:30 | DE | 10−y Bond Auction | 1.41% | |||
| 11:00 | US | MBA Mortgage Applications (Jun 14) | 5% | |||
Educational Resources
Sam Seiden − It seems to me that everything ever written about trading with price charts is always about the price action on the chart. A candlestick, line, bar, tick, point and figure, volume, or any other type of chart obviously represents the price action. All the information people write and read about has to do with the price action. I don't think I have ever seen anything written about the white space on the chart...
See more Lessons From The Pros:
Surfing for Dividends by Brandon Wendell, CMT
Meditation Can Be the Medication for Your Trading by Dr. Woody Johnson
Common Classroom Questions by Rick Wright
Forex Glossary
FedAcronym for the Federal Reserve System, the major monetary authority in the United States of America.
Federal Open Market Committee
The FOMC is a policy making committee made up of 12 members of the Federal Reserve. They meet on a regular basis (eight times per year) to make decisions on economic policy although they can hold non-scheduled meetings as well.
One one hand, the meetings serve to decide on an appropriate level for the discount rate and the Fed Funds target rate. The Fed Fund interest rates is the rate which banks lend funds to each other to maintain their reserve requirements with the Fed. This objective is indirectly achieved through its open market operations, that is, the sale and purchase of US Treasuries and Federal agency securities to and from banks. The Federal Open Market Committee sets the short-term objectives of these open market operations, one of the Fed's main monetary policy tools.
On the other hand, the discount rate, the rate at which it charges banks for overnight loans, is something the Fed directly controls the but which has little impact on banks' activities as these funds are available elsewhere.
Each Federal Open Market Committee meeting is concluded with the publication of a press release. Later, the meeting minutes for the most recent Federal Open Market Committee are published.