Thursday, Jun 18, 07:56 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: Technicals Still Lead The Macro−Ranges With Most Currency Units by Tim Salem
While we work with all of the Macro−Data, Inflationary Talk, Jawboning Rhetoric for or against The Dollar, Range−Bound Markets, Gold and Oil leading or lagging The Dollar and Equities… and last but not least… Your Dog barking at The Moon!… We always have Pure Technicals to guide us in our Trading Decisions.
FX Market Readings: EURO and GBP are expected to make wide range swings and spike up by Dr. S. Sivaraman
The Disciplined Trader: Are you bored yet? by Pierre Charlebois
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Live Sessions Schedule
MONTHLY WEBINAR: Part 1 − What Traders Need to Know About Today's Forex Environment
Expert: Mark Whistler
Start: Thu, Jun 18, 12:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Jun 18, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 18, 12:00 GMT | MONTHLY WEBINAR: Part 1 − What Traders Need to Know About Today's Forex Environment | Mark Whistler | WBN |  |
| Thu, Jun 18, 15:00 GMT | MONTHLY WEBINAR: Part 2 − VWAP and Strategies for Intraday Traders  | Mark Whistler | WBN | |
| Thu, Jun 18, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Fri, Jun 19, 09:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
Current Session: Europe
USD/JPY: Dropping to 95.65, as expected
Mizuho Corporate Bank − Dropping to 95.65, as expected, and will probably try and hover uneasily around here today. The risk of a sudden drop has increased because of stock market weakness coinciding with month and quarter−end, potentially leading to a Pavlov's dog type reaction to buy Yen as they learnt in 2008. Caution is warranted.
EUR/USD
Intra−day support is now formed on the 1.3900/20 level by E−Forex
ntra−day support is now formed on the 1.3900/20 level as the euro managed to recover initial losses on yesterday. While holding above 1.3900, the upside will remain favored.
GBP/USD
GBPUSD had wild swings by Precise Trader
GBPUSD had wild swings, it even went past our hourly level but turned up, and closed @ 16405 which was unchanged from prior day's close.
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jun 18 | 08:30 | Retail Sales (MoM) | 0.5% | 0.9% |
| Jun 18 | 08:30 | Retail Sales (YoY) | -0.1% | 2.6% |
Friday Notes - UK, Retail Sales: Unwinding of the Easter effect by UniCredit Group
Besides the high monthly volatility and notwithstanding the recent downward revision of the whole series, UK retail sales continue to show some resilience.
[ Full Story ]Top Market Movers Review
Switzerland SNB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 18 | 07:30 | SNB Interest Rate Decision | 0.25% | 0.25% | 0.25% |
Swiss National Bank leaves rates unchanged at 0.25%; Swiss Frank weakens (FXstreet.com)
The Swiss national Bank's monetary policy committee has decided to keep its benchmark rate at 0.25% while remains that the Swiss economic situation remains unfavorable and that further economic deterioration should not be discarded.
[ Full Story ]- Read the Official Statement at SNB
- Switzerland SNB keeps its interest rate on hold at 0.25% (FXstreet.com)
Live Daily Broadcast - Today's Live Show: Focusing on the EUR and the CHF Ahead of SNB Announcement by AllThingsForex
Switzerland%3A SNB rate decision June 18th by Easy Forex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 17 | 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (May) | 0.1% | 0.1% | 0.3% |
| 14:30 | US | EIA Crude Oil Stocks change | -3.9M | -1.8M | -4.4M | |
| 16:00 | US | Fed's Bernanke Speech | ||||
| Jun 18 | 07:30 | CH | SNB Interest Rate Decision | 0.25% | 0.25% | 0.25% |
| 08:30 | UK | M4 Money Supply (MoM) (May) | 0.7% | 0.2% | ||
| 08:30 | UK | M4 Money Supply (YoY) (May) | 17.3% | 17.4% | ||
| 08:30 | UK | Public Sector Net Borrowing (May) | £18.9B | £8.5B | ||
| 08:30 | UK | Retail Sales (MoM) (May) | 0.5% | 0.9% | ||
| 08:30 | UK | Retail Sales (YoY) (May) | -0.1% | 2.6% | ||
| 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (May) | -45 | -56 | ||
Educational Resources
New section: The Markets Channel
In this new channel, you will see presentations from some of the best and brightest in the trading industry. Money Show's video channel is updated with new interviews at least once per day.… Forex, Commodities, Stocks, Futures... In short videos of 3 to 5 minutes, the most renowned experts − as John Bollinger − comment the markets trends, some trading strategies and tips, currencies moves... A new daily audiovisual resource you can't miss!
Examples of available videos:
Secular or Cyclical Bull Market? - Interview of Veteran analyst John Bollinger
Short-Term Trading Traps - Interview of Veteran trader and fund manager Linda Raschke, Presiden of LBR Group
Too Many Dollar Bears - Interview of FOREX.com's Todd Gordon