Thursday, Jun 25, 07:39 GMT
EUROPEAN Trading Newsletter
To Get Started
- Learning Center: New chapter online: Fundamental Analysis Read it now!
- Webinar Videos: Understanding the simple rules of Money Management – Part II: Position sizing by Sunil Mangwani
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: The Majors Show Slight Appreciation as we still work in The Macro−Ranges by Tim Salem
We come off of the Asian−Pacific Sectors with their Bourses in largely Positive Territory, especially The Nikkei… as we see this "Carryover" into most Majors… either in the Form of Bullish Sentiment, or Bullish Corrective Sentiment with IntraDay Flag/Pennant Continuation Patterns.
FX Market Readings: Volatile moves expected for a day before next slide by Dr. S. Sivaraman
FX Bootcamp: FOREX VIDEO - NEW YORK SESSION REVIEW - June 24, 2009 by Curt Wehrley
Sponsored by 
Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Jun 25, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Jun 25, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 25, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, Jun 25, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Thu, Jun 25, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Thu, Jun 25, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
Current Session: Europe
Currency Majors Technical Perspective
FXstreet.com Independent Analyst Team − USD/JPY Current Price 95.82. Pair seems to have bottomed just under 95.00 and with stocks rising in Asia supporting the bullish perspective, pair seems ready to retest the 96.00 level. With hourly and 4 hours indicators supporting bias, break above that zone could trigger more bullish momentum in the pair as also, rumors (just rumors) of intervention by BOJ are also affecting JPY. Support levels: 95.60 95.20 94.80. Resistance levels: 96.05 96.30 96.70
EUR/USD
EUR/USD: Markets preparing to break out of recent ranges by Mizuho Corporate Bank
Disappointing as we drop back to where we started yesterday and moving averages have crossed to negative. At best we see this as markets thrashing around, preparing to break out of recent ranges.
USD/JPY
USD/JPY: Dollar rally extends above 96.30 intra−week high by FXstreet.com
The Dollar bounced yesterday at 95.00 to break above 95.75/85 area, the upper boundary of the last two days trading range, and its rally has extended to levels right above intra−week high at 96.30.
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 INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 25 | 09:00 | Industrial New Orders s.a. (MoM) | 0.0% | -0.8% |
| Jun 25 | 09:00 | Industrial New Orders (YoY) | -32.8% | -26.9% |
EMU economic indicators - Industrial New Orders probably unchanged by BHF−Bank
French consumer spending probably went up slightly in May, as consumer confidence improved. EMU industrial new orders might have remained more or less unchanged in April, just like the corresponding German figure. Following its usual seasonal pattern, the EMU current account is likely to have deteriorated in April. French Q1 GDP might be revised downwards.
[ Full Story ]Top Market Movers Review
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 24 | 18:15 | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% |
FOMC says economic contraction is slowing by Easy Forex
[ Full Story ]- Forex: GBP/USD back at 1.6400; down 0.30% for the day (FXstreet.com)
- Brazil Real Closes Slightly Weaker On FOMC Standing Pat (Dow Jones)
- FOMC keeps refi rate and Treasury program unchanged on gradual recovery ahead (FXstreet.com)
Morning Report - The key event last night was the US Fed's FOMC meeting by Westpac Institutional Bank
Daily Global Commentary - FOMC Meeting – Fed Chooses to Leave Plans to Purchase Securities Unchanged by Northern Trust
European and US summary - FOMC Unchanged by Forexnews.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 24 | 22:45 | NZ | Current Account (1Q) | -1.25B | -1.31B | -4.10B |
| Jun 25 | 00:00 | AU | Conference Board Australia Leading Index (Apr) | 0.7% | 0.6% |
|
| 07:38 | UK | Nationwide Housing Prices n.s.a (YoY) (Jun) | -10.1% | -11.3% | ||
| 07:38 | UK | Nationwide Housing Prices s.a (MoM) (Jun) | -0.4% | 1.2% | ||
| 09:00 | EMU | Industrial New Orders (YoY) (Apr) | -32.8% | -26.9% | ||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Apr) | 0.0% | -0.8% | ||
| 12:30 | US | Continuing Jobless Claims (Jun 13) | 6714K | 6687K | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (1Q) | 0.3% | |||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (QoQ) (1Q) | 1.5 | 1.5 | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (1Q) | 1.9% | |||