Tuesday, Jun 16, 08:14 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: Dollar and Yen Strength Continue as Slight Accumulation Begins by Tim Salem
The Risk−Averse Dollar and Yen are now moving into Accumulation to Consolidation from the IntraDay Perspective, as Exchange Rates begin to slow and ease.
1st on Forex: Chart Patterns at the Right Edge - Techincal Analysis Explained - But 1st... by Jerry Furst
The Disciplined Trader: Many USD pairs look to be capitulating by Pierre Charlebois
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Live Strategy and Analysis
Expert: Sam Seiden
Start: Tue, Jun 16, 13:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jun 16, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 16, 11:00 GMT | Understanding the simple rules of Money Management – Part II: Position sizing  | Sunil Mangwani | WBN |  |
| Tue, Jun 16, 13:00 GMT | Live Strategy and Analysis | Sam Seiden | WBN |  |
| Tue, Jun 16, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Jun 16, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe
Allow for a possibly dramatic spike to 95.65
Mizuho Corporate Bank − Comment: Plunging below a thin Ichimoku ‘cloud' and below moving averages. Yen crosses are also dropping sharply which might increase downside momentum here. Allow for a possibly dramatic spike to 95.65.
Strategy: Possibly attempt small shorts at 96.25 but only if prepared to add to 97.50; stop above 98.65. First target 96.00, maybe 95.65.
EUR/USD
EUR/USD: Price remains in Accumulation Range of 1.3759 Daily Static Support by FXstreet.com Independent Analyst Team
Neutral Hourly Sentiment is currently seen as Price remains in Accumulation Range of 1.3759 Daily Static Support and the 1.3953 Daily Pivot Area
AUD/USD
AUD moved modestly against USD by Danske Bank A/S
AUD moved modestly against USD on the back of the minutes from the RBA, which showed Australia's central bank did not see a pressing case to cut interest rates.
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
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Jun 16 | 09:00 | ZEW Survey − Economic Sentiment | 35.2 | 31.1 |
EMU economic indicators - German ZEW economic sentiment (June): up by BHF−Bank
The German ZEW economic sentiment will probably have risen again in June, but not as sharply as the previous month. The ifo business expectations and the US ISM manufacturing index have both improved.
[ Full Story ]Top Market Movers Review
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 15 | 17:00 | NAHB Housing Market Index | 15 | 17 | 16 |
NAHB: US Home Builders' Confidence Retreats Again In June (Dow Jones)
[ Full Story ]- Read the Housing data at NAHB
Friday Notes - NAHB housing market index pessimism still rules among house builders by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 16 | 04:28 | JP | BoJ Interest Rate Decision | 0.1% | 0.1% | 0.1% |
| 05:00 | JP | BoJ's Governor Shirakawa Speech | ||||
| 07:15 | CH | Industrial Production (QoQ) (1Q) | -13.1% | -11.7% | 0.4% |
|
| 07:15 | CH | Industrial Production (YoY) | -9.5% | -10.0% | -5.6% |
|
| 08:30 | UK | Consumer Price Index (MoM) (May) | 0.3% | 0.2% | ||
| 08:30 | UK | Consumer Price Index (YoY) (May) | 1.9% | 2.3% | ||
| 08:30 | UK | Core Consumer Price Index (YoY) (May) | 1.5% | 1.5% | ||
| 08:30 | UK | Retail Price Index (MoM) (May) | 0.2% | 0.1% | ||
| 08:30 | UK | Retail Price Index (YoY) (May) | -1.5% | -1.2% | ||
| 09:00 | EMU | Consumer Price Index − Core (YoY) (May) | 1.6% | 1.8% | ||
Educational Resources
Psychology: The Mind of a Trader
Steven Croft's new podcast about trading strategies and psychology matters: listen now! Here are the topics for this week:
− What Will You Do At The Fork In The Road?
− Climb The Mountain and Love It
− From Good to Great
More psychology resources:
Animal Spirits: Not So Good for Day Trading, or Investing for that Matter - Report by Gabe Velázquez
Man vs. Market - Ebook by Rob Booker
W.D.Gann Trading Physchology - Transcript session by David Burton