Tuesday, Jun 23, 07:44 GMT
EUROPEAN Trading Newsletter
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- Learning Center: New chapter online: Fundamental Analysis Read it now!
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- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Mixed Sentiment is Seen as Risk−Aversion May Find Correction by Tim Salem
We enter into The European Session with EuroZone Equity Futures bidding lower on the back of slightly Negative Bourse Movement in the Asian−Pacific Sectors. From the IntraDay Views, we are seeing a bit of "Mixes Sentiment" as The Dollar and The Yen find some Disconnect with Correlations.
FX Market Readings: EURO and GBP are expected to make volatile moves by Dr. S. Sivaraman
Chartology: EUR/USD 240 min... more of the same by Raghee Horner
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Live Sessions Schedule
Forex Fundamentals − What To Watch
Expert: Steve Misic
Start: Tue, Jun 23, 12:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jun 23, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 23, 12:00 GMT | Forex Fundamentals − What To Watch | Steve Misic | WBN |  |
| Tue, Jun 23, 13:00 GMT | Fundamental analysis: FED meetings and their influence on trading  | Valeria Bednarik | WBN | |
| Tue, Jun 23, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Jun 23, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe
GBP/USD: Bearish Sentiment is Seen as Price follows an Hourly Downtrend Channel
FXstreet.com Independent Analyst Team − Bearish Sentiment is Seen as Price follows an Hourly Downtrend Channel anchored by Hourly 20SMA Dynamic Resistance and 1.6272 Static Support. Clearance with RSI Readings and Slope of "34" sees Price Depreciation to the 1.6197 Daily Static Support, followed by 1.6153 and 1.6197 in the Near−Term where Hourly Oversold Conditions will be Seen as the 20SMA/200SMA Bearish Cross will remain In Place..
GBP/USD
Daily Market Outlook by Ace Trader
The British pound weakened across the board due to cross selling in sterling and fell to 1.6320 in late New York session. Cross unwinding against euro after reaching 2009 fresh high at 0.8400 added pressure to price.
USD/JPY
Daily Forex Strategy Briefing − Risk Aversion Spikes as World Bank Sees Deeper Recession by CMS Forex
The USD and JPY rose on increased risk aversion after the World Bank said the global recession will be deeper than previously forecast. The yen gained against all key currencies as the S&P 500 index declined 8.19 points to 893.04.
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
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jun 23 | 08:00 | Purchasing Manager Index Manufacturing | 42.0 | 40.7 |
| Jun 23 | 08:00 | Purchasing Manager Index Services | 45.6 | 44.8 |
EMU economic indicators - PMI manufacturing indices Germany and EMU (June): up by BHF−Bank
Prices for package tours and accommodation services could have had a slightly positive impact on monthly inflation. On the other hand, clothing is likely to have had a dampening effect and food prices could have fallen further. As from July, year−on−year inflation is expected to fall into negative territory for some months.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 23 | 06:00 | Gfk Consumer Confidence Survey | 2.9 | 2.5 | 2.5 |
UPDATE: German GfK Jul Consumer Confidence Index 2.9 Vs 2.6 (Dow Jones)
German consumer confidence for July improved slightly, according to a survey published Tuesday by the GfK market research institute.
[ Full Story ]Friday Notes - Private sector deleveraging to slow down economic recovery by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 23 | 06:00 | DE | Gfk Consumer Confidence Survey (Jul) | 2.9 | 2.5 | 2.5 |
| 06:15 | CH | Trade Balance (May) | 2.01B | 1.86B | 2.55B |
|
| 07:30 | DE | Purchasing Manager Index Manufacturing (Jun)  | 40.5 | 40.9 | 39.6 | |
| 07:30 | DE | Purchasing Manager Index Services (Jun) | 44.3 | 46.0 | 45.2 | |
| 08:00 | EMU | Purchasing Manager Index Manufacturing (Jun) | 42.0 | 40.7 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Jun) | 45.6 | 44.8 | ||
| 08:30 | UK | BBA Mortgage Approvals | 29.5K | 27.7K | ||
| 14:00 | US | Existing Home Sales (May) | 4.80M | 4.68M | ||
| 14:00 | US | Existing Home Sales (MoM) (May) | 2.6% | 2.9% | ||
| 14:00 | US | Housing Price Index (MoM) (May) | -0.3% | -1.1% | ||
Educational Resources
Over a trillion dollars per day is exchanged on the foreign currency market. The Forex market is used by smart traders for speculation, hedging and long−term profit taking. You can trade in the foreign currency market. It is available to anyone and everyone. Follow this report to get started in this exciting market.
Related Resources
Follow the FXstreet.com's new educational experience Learning Center
Webinar recording by Phil Newton Trading Strategy Essentials
Check John Forman's book The Essentials of Trading
Check James Chen's book Essentials of Foreign Exchange Trading