Wednesday, Jun 17, 07:59 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: EUR/USD Sees Slight Bullish Sentiment as EuroZone Equities Look to A Lower Open by Tim Salem
We see EuroZone Equity Futures Builds bidding a bit lower coming out of the rather "Neutral to Positive" Asian−Pacific Sectors. The CAC40, FTSE, and The DAX are down slightly, as The Euro looks to Dollar Weakness within Its Correlating Relationship with Its own Equity Desks.
FX Bootcamp: Forex Video - New York Session review - June 16, 2009 by Curt Wehrley
Chartology: Q&A from last post by Raghee Horner
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jun 17, 09:00 GMT
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Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jun 17, 10:00 GMT
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Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jun 17, 08:00 GMT | Understanding the simple rules of Money Management – Part II: Position sizing  | Sunil Mangwani | WBN |  |
| Wed, Jun 17, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jun 17, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jun 17, 13:00 GMT | Main Fundamental theme in the Currency market | Terri Belkas | WBN |  |
Current Session: Europe
EUR/USD: Hovering above the ‘neckline' of a potential ‘head−and−shoulders' formation
Mizuho Corporate Bank − Hovering above the ‘neckline' of a potential ‘head−and−shoulders' formation in what we see as a process of trying to form a new interim low, probably somewhere between 1.3800 and 1.3600. This is expected to be a slow complex process ending an A, B, C−type correction which may take about two weeks.
GBP/USD
GBP/USD: Bullish Sentiment is Seen as Price attempts to Break the Immediate−Term Accumulation by FXstreet.com Independent Analyst Team
Bullish Sentiment is Seen as Price attempts to Break the Immediate−Term Accumulation as price attempts to Clip 1.6459 for the Daily Static Resistance Level at 1.6489.
USD/JPY
The market has been in rally mode since basing out by 93.85 in Mid−May by DailyFX
The market has been in rally mode since basing out by 93.85 in Mid−May, putting in a series of higher highs and higher lows. A fresh higher low is now sought out above the June 1, 94.45 low.
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
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Jun 17 | 08:30 | Bank of England Minutes | - | - |
BoE Preview%3A June Minutes by RANsquawk
MPC is expected to vote unanimously to leave rates on hold at 0.5% and leave the QE programme size unchanged at GBP 125bln. Today's announcement is unlikely to spring any major surprises with focus again on discussions surrounding the QE program following the Bank's brief statement on June 4th that the current programme would take another 2 months to complete.
[ Full Story ]Top Market Movers Review
Australia HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 17 | 01:30 | Housing Starts (QoQ) | -4.0% | -3.1% | -11.5% |
Australian 1Q Housing Starts Fall 4.0% Vs 4Q (Dow Jones)
The total number of houses and apartments that started construction in Australia in the first quarter of 2009 fell 4.0% to a seasonally adjusted 30,949 from the fourth quarter of 2008. Economists surveyed by Dow Jones Newswires had forecast a fall of 3.0% in first quarter housing starts from the fourth quarter.
[ Full Story ]- Read Housing data at Australian Bureau of Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 17 | 05:00 | JP | Bank of Japan Monthly Economic Survey | |||
| 05:45 | CH | SECO Economic Forecasts | ||||
| 06:00 | JP | Machine Tool Orders (YoY) (May) | -79.2% | -80.4% | ||
| 07:15 | CH | Adjusted Real Retail Sales (YoY) | 1.2% | 0.5% | 1.2% | |
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Apr) | 2.8% | 3.0% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Apr) | 0.2% | -0.4% | ||
| 08:30 | UK | Bank of England Minutes | ||||
| 08:30 | UK | Claimant Count Rate (May) | 4.9% | 4.7% | ||
| 08:30 | UK | ILO Unemployment Rate (3M) (Apr) | 7.3% | 7.1% | ||
| 08:30 | UK | Jobless Claims Change (May) | 60.0K | 57.1K | ||