Thursday, Jun 11, 07:46 GMT
EUROPEAN Trading Newsletter
To Get Started
- Learning Center: Chapter 1 of Unit B: Technical Analysis is out. Check it out!
- Webinar Videos: Economic and Technical View of the Currency Market by Rob Booker
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Markets Mixed heading into Europe as Currencies Continue Accumulation by Tim Salem
The Asian−Pacific Sectors closed in Mixed Territory, as the European Bourses look to open a bit Higher today. The overall "Stars of The Show" are still the Commodity Metals Sector and Crude Oil, which despite rather "Shallow" Corrections, continue their Ascent.
The Trader's Edge: NZD/CHF Trade Analysis by Ross Yamashita
The Day Job Trader: USD/CAD Demand Zone Holds Up by Ryan O'Keefe
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
FX Instructor Live Trading Room − Free Access Day
Expert: Mark De La Paz
Start: Thu, Jun 11, 11:00 GMT
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Type of Session: Webinar
Trading Range bound vs. Trending Markets − Free Access Day
Expert: Adam Rosen
Start: Thu, Jun 11, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 11, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN | |
| Thu, Jun 11, 12:30 GMT | Trading Range bound vs. Trending Markets − Free Access Day | Adam Rosen | WBN |  |
| Thu, Jun 11, 14:00 GMT | Forex Basics Series: Chapter 4 − Technical indicators: Movering Averages − Free Access Day | Valeria Bednarik | WBN | |
| Thu, Jun 11, 15:00 GMT | How to Get Started Trading Forex − Free Access Day | Mark Whistler | WBN | |
Current Session: Europe
Price remains above the Hourly 20SMA/Daily Pivot Confluence at 1.4029
FXstreet.com Independent Analyst Team − Neutral Hourly Sentiment is seen as Price remains above the Hourly 20SMA/Daily Pivot Confluence at 1.4029, with a Downside Breach seeing 1.3971 Daily Dynamic Resistance, which is being Confirmed by Slight RSI Readings and Slope at "53". Continuation sees 1.3926 Static Support, and a Violation here resumes the bearish Sentiment with Dollar Strength as Price sees 1.3827 and a potential Hourly Double−Bottom Formation at the 1.3800's Lows.
GBP/USD
Currency Trading News − The GBPUSD has found support from daily lows by DailyFX
The GBPUSD has found support from daily lows (end of May) and a line extended from the 4/28 and 5/18 lows. The structure of the decline from 1.6667 is not clear but I have been expecting a significant reversal as the rally from 1.3500 is viewed as wave 4 within the 5 wave decline from the 2007 high.
USD/JPY
USD/JPY: Trading in a band roughly between 94.00 and 100.00 since March by Mizuho Corporate Bank
Trading either side of a thin Ichimoku ‘cloud', above moving averages, having traded in a broad band roughly between 94.00 and 100.00 since March. Expect more cautious random small swings today and tomorrow.
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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Jun 11 | 12:30 | Initial Jobless Claims | 614K | 621K |
US economic indicators - We expect initial jobless claims to have risen by BHF−Bank
Initial jobless claims fell by 4k to 621k in the week ending 30 May, but the 4−week moving average rose to slightly above 630k. We expect initial jobless claims to have risen to about that level in the week ending 6 June, because the previous week's decrease could have been connected with the shorter work week (Memorial Day).
[ Full Story ]Top Market Movers Review
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 11 | 01:30 | Employment Change | -1.7K | -30.0K | 27.3K |
| Jun 11 | 01:30 | Unemployment Rate | 5.7% | 5.7% | 5.4% |
DATA SNAP: Australian May Unemployment Rate 5.7% (Dow Jones)
Australia's unemployment rate rose to an as−expected seasonally adjusted 5.7% in May from 5.5% in April. The number of employed fell 1,700, the Australian Bureau of Statistics said Thursday.
[ Full Story ]- Read the Unemployment data at Australian Bureau of Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 10 | 23:50 | JP | Gross Domestic Product (QoQ) (1Q) | -3.8% | -4.0% | -4.0% |
| Jun 11 | 01:00 | AU | Consumer Inflation Expectation (Jun) | 2.8% | 2.3% | |
| 01:30 | AU | Employment Change (May) | -1.7K | -30.0K | 27.3K | |
| 01:30 | AU | Unemployment Rate (May) | 5.7% | 5.7% | 5.4% | |
| 08:00 | EMU | ECB Monthly Report (Jun) | ||||
| 12:30 | CA | Capacity Utilization (1Q) | 71.6% | 74.7% | ||
| 12:30 | US | Continuing Jobless Claims (May 30) | 6735K | |||
| 12:30 | US | Initial Jobless Claims (Jun 6) | 614K | 621K | ||
| 12:30 | US | Retail Sales (MoM) (May) | 0.4% | -0.4% | ||
| 12:30 | US | Retail Sales ex Autos (MoM) (May) | 0.2% | -0.5% | ||
Educational Resources
Money management overlaps with risk, trade, business, and personal management, yet it has many aspects that make it unique, distinctly different from all of the other areas of management. In this chapter we want to examine some areas of money management that seem to involve mental quirks leading to costly mistakes. Read Joe Ross' article
Related Resources
Money Management in Forex Trading - Report by ForexHit
Money Management Calculator - Trading Tool
Institutional Trading Strategies: Money Management 101 - Webinar Recording with Andrei Pehar
Position Sizing and Money Management - Webinar Recording with John Jagerson