Monday, Jun 15, 07:50 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: Asian Sectors Fall as Dollar and Yen Gain Strength by Tim Salem
Our earlier Thoughts on our last Post come to fruition as The Asian Bourses come off while The Dollar and Yen continue their Macro−Corrections… even though most Units are still considered to be in rather large Range−Bound Areas.
The Trader's Edge: EUR/USD - Downside pressure? by Ross Yamashita
The Day Job Trader: EUR/USD Looks Technically Confused by Ryan O'Keefe
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Jun 15, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 15, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 15, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Jun 15, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Jun 15, 12:00 GMT | Can I use FX to hedge my stock portfolio? | Adam Rosen | WBN |  |
| Mon, Jun 15, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe
EUR/USD: Bearish Bias is seen as Price returns to the Downtrend Hourly Channel
FXstreet.com Independent Analyst Team − Bearish Bias is seen as Price returns to the Downtrend Hourly Channel to Daily Static Support at 1.3916. The Hourly 20SMA/200SMA Bearish Cross keeps Downside−Risk on The Unit as Price needs to Clear the 1.3977 Resistance to find Neutrality in the Congestion Zone. And on through the Daily Pivot at 1.4016 to eclipse the 20SMA Dynamic Resistance.
GBP/USD
GBP/USD: Consolidation under 1.6600 this week by Ace Trader
Some will probably be pointing to a potential ‘double top' against this month's high at 1.6664, probably the very same people who have missed the pound's move this year.
USD/JPY
Hourly Trend is Sideways and Daily Trend is also Sideways by Precise Trader
USDJPY closed @ 9845 which was above the open but within the prior day's range. The Hourly Oscillators are mixed, so cautious approach is needed.
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 NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jun 15 | 17:00 | NAHB Housing Market Index | 17 | 16 |
Friday Notes - NAHB housing market index pessimism still rules among house builders by UniCredit Group
Home builders still see declining demand for new houses, but the degree of pessimism they express is easing somewhat. The implication is the overall business recession, which was presaged by the contraction in residential construction, will come to an end long before the housing market bottoms out.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 12 | 13:55 | Reuters/Michigan Consumer Sentiment Index | 69.0 | 68.6 | 68.7 |
Reuters/Univ Michigan Mid−Jun Sentiment 69.0; May 68.7 (Dow Jones)
[ Full Story ]- Read the Consumer Sentiment Index data at Thomson Reuters
- U.S. Michigan Consumer sentiment index edges up in Jun; Dollar steady at day highs (FXstreet.com)
- US Reuters/Michigan Consumer Sentiment Index up to 69 in Jun from 68.7 (FXstreet.com)
US economic indicators - UMI consumer sentiment (Jun): first decline since February by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 15 | 07:15 | CH | Producer and Import Prices (MoM) (May) | -0.3% | 0.1% | -0.2% |
| 07:15 | CH | Producer and Import Prices (YoY) (May) | -5.0% | -4.7% | -3.6% | |
| 09:00 | EMU | Employment Change (QoQ) (1Q) | -0.3% | |||
| 09:00 | EMU | Employment Change (YoY) (1Q) | 0% | |||
| 12:30 | CA | Manufacturing Shipments (MoM) (Apr) | 0.0% | -2.7% | ||
| 12:30 | CA | New Motor Vehicle Sales (MoM) (Apr) | 0.1% | 6.3% | ||
| 12:30 | US | NY Empire State Manufacturing Index (Jun) | -6.00 | -4.55 | ||
| 13:00 | US | Net Long−term TIC Flows (Apr) | $60.1B | $55.8B | ||
| 13:00 | US | Total Net TIC Flows (Apr) | 23.2B | |||
| 17:00 | US | NAHB Housing Market Index (Jun) | 17 | 16 | ||
Educational Resources
For the first time ever, Sunil Mangwani, a professional currency trader and competent educator & trainer in forex is bringing his two days workshop to London. A unique "fast track" workshop, with a "Hands−On" approach to trade the forex markets; the objective of this workshop is to guide the trader on the correct path and offer techniques /strategies which work, plus concentrate on the concepts of the 3M's – Money, Mind & Method.
Related Resources
Register here for Sunil Mangwani's next webinar Mon, Jun 15 2009, 09:00 GMT
Follow his blog - Forexology
Check here his educational reports