Monday, Jun 22, 07:31 GMT
EUROPEAN Trading Newsletter
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- Learning Center: New chapter online: Fundamental Analysis Read it now!
- Webinar Videos: The Green Revolution? by Joseph Trevisani
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: Forex Levels to Watch (Week of Jun 22−26, 2009) by James Chen
EUR/USD − Support 1.3750 / Resistance 1.4010
USD/JPY − Support 95.50 / Resistance 97.15
GBP/USD − Support 1.6185 / Resistance 1.6660
USD/CHF − Support 1.0760 / Resistance 1.0955
Forex Trading Today: Risk-Averse Behavior Clips The EUR/USD Ahead of Key Data by Tim Salem
1st on Forex: The Week Ahead: FOMC – GDP - Webinars by Jerry Furst
Sponsored by 
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 22, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jun 22, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 22, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Jun 22, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Mon, Jun 22, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jun 22, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe
Eur/Usd tried to trade higher on Friday but captured just above 1.4000
Charmer Charts.com − Eur/Usd tried to trade higher on Friday but captured just above 1.4000 at 1.4010. Now this has come off these highs and currently testing the 50% short term fib level of 1.3870.
If buyers fail to defend this support sellers will take this as a sign of weakness and drive the market lower for 1.3790. Sellers will profit take at these lower levels. Buyers will test the water and only retreat if below 1.3770.
GBP/USD
GBPUSD had wild swings again by Precise Trader
GBPUSD had wild swings again, it even went past our hourly level, and closed at 16500 which was above the open. The Hourly Oscillators are bullish but weak, so cautious approach is needed
USD/JPY
Bearish Sentiment is seen with Price holding at Tight Range between 95.75 and 96.19 by FXstreet.com Independent Analyst Team
Bearish Sentiment is seen with Price holding at Tight Range between 95.75 Daily Static Support and 96.19 Dynamic Resistance from the Hourly 20SMA. Continuation sees a Breach of the 95.75 Support.
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 IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Jun 22 | 08:00 | IFO − Business Climate | 85.1 | 84.2 |
| Jun 22 | 08:00 | IFO − Expectations | 87.0 | 85.9 |
The Trading Week - The Trading Week: June 21 − June 26 by AllThingsForex
Monday, June 22 will begin with the first spotlight event of the week− the German IFO Institute Business Climate and Expectations Index, an early indicator of economic conditions and business expectations, at 4:00 am, ET.
[ Full Story ]Sunrise Market Commentary - German IFO: the consensus is looking for in improvement by KBC Bank
Top Market Movers Review
UK RIGHTMOVE HOUSE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 21 | 23:01 | Rightmove House Price Index (MoM) | -0.4% | - | 2.4% |
UK Rightmove June House Price Index −0.4%MM, −5.5%YY (Dow Jones)
U.K. house prices fell in June for the first time since January, even though the supply of new properties slowed sharply, due to the recession and restricted mortgage availability, online estate agency Rightmove said Monday. According to its latest index, house prices in mid−June fell 0.4% on the month and were 5.5% lower on the year. That compares with a 2.4% monthly gain in May and a 6.2% drop on the year.
[ Full Story ]- Read the House data at Rightmove
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 21 | 23:50 | JP | BSI Large Manufacturing (QoQ) (2Q) | -13.2 | -66.0 | |
| Jun 22 | 01:30 | AU | New Motor Vehicle Sales (MoM) (May) | 5.4% | 1.7% |
|
| 01:30 | AU | New Motor Vehicle Sales (YoY) (May) | -12.6% | -19.8% |
||
| 03:00 | NZ | Credit Card Spending (May) | -2.4% | -1.6% | ||
| 08:00 | DE | IFO − Business Climate (Jun) | 85.1 | 84.2 | ||
| 08:00 | DE | IFO − Expectations (Jun) | 87.0 | 85.9 | ||
| 12:30 | CA | Foreign investment in Canadian securities (Apr) | $6.849B | |||
| 22:45 | NZ | Current Account (1Q) | -1.310B | -4.026B | ||
| Jun 23 | 05:00 | JP | Leading Economic Index (Apr) | 75.5 | ||
| 06:00 | DE | Gfk Consumer Confidence Survey (Jul) | 2.5 | 2.5 | ||
Educational Resources
Candlesticks and their whole picture
Popularity of the candlesticks is huge, for that reason an amount of questions about it is understandably big. All the questions in this article have a tendency to clarify which candlestick pattern works most. In this article Tomas Cedavicius gives his understanding about candlestick charting and his view about practical approach to candlestick charting.
Related Resources
Basics Of Candlesticks - Report by Geert De Boeck
Understanding The Creation Of Candles In Forex Trading - Webinar recording by Sam Seiden
Trading Candlestick Patterns - Q&A transcripts by Ron William