Friday, Jun 26, 07:37 GMT
EUROPEAN Trading Newsletter
To Get Started
- Learning Center: New chapter online: Fundamental Analysis Read it now!
- Webinar Videos: Fundamental analysis: FED meetings and their influence on trading by Valeria Bednarik
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: EUR/USD and Crude Higher on Asian Equities and EU Futures by Tim Salem
With another Nigerian Attack, Crude Oil holds on to Its Bullish Sentiment from Asian−Pacific Bourse Strength, as we all underlying Euro Strength and Gold Sentiment as well. The EU Futures a bidding up as we head into The Open…
FX Market Readings: Swing and rise and then slide moves for week end by Dr. S. Sivaraman
The Disciplined Trader: USD Index - Still range bound by Pierre Charlebois
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Live Sessions Schedule
US Pre−Market Open
Expert: Ed Ponsi
Start: Fri, Jun 26, 12:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jun 26, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jun 26, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Jun 26, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Jun 26, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Jun 29, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: Europe
GBP/USD: Pushing towards the apex of the ‘triangle/pennant' suggest a long position
Mizuho Corporate Bank − Pushing towards the apex of the ‘triangle/pennant' and moving averages suggest a long position. The pound is not in the slightest bit overbought and bullish momentum is among the strongest in years. A weekly close above 1.6600 is needed to take bullish momentum back up to the very strong levels of early June.
EUR/USD
EUR/USD: Price finds Resistance−becoming−Support at the 1.4039 by FXstreet.com Independent Analyst Team
Corrective Bullishness is Seen Price finds Resistance−becoming−Support at the 1.4039 Level, as the 20SMA/200SMA Hourly Bullish Cross provides Support.
USD/JPY
USD/JPY: Expect the price to make lower lows in a choppy session by Precise Trader
The patterns are pointing lower while 9635−60 level holds but very noisy, so cautious approach is needed We prefer to be Cautiously SHORT while 9635−60 level holds .
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
US PERSONAL CONSUMPTION EXPENDITURE DEFLATOR
| Date (GMT) | Event | Cons. | Previous | |
| Jun 26 | 12:30 | Personal Consumption Expenditure Deflator | - | 0.4% |
| Jun 26 | 12:30 | Personal Spending | 0.4 | -0.1 |
| Jun 26 | 12:30 | Personal Income (MoM) | 0.3% | 0.5% |
US economic indicators - PCE core deflator (May): only a small increase by BHF−Bank
After having risen by 0.3% mom, the PCE core deflator is only likely to have gone up by 0.1% mom in May, just like core CPI. The increase in medical care costs was above average, but this is likely to have been cancelled out by lower drug prescription costs. The PCE core deflator's annual rate will have declined to 1.8%. It is expected to approach the lower end of the fed's comfort zone (1–2%) in the coming months.
[ Full Story ]Top Market Movers Review
Japan NATIONAL CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 25 | 23:30 | National Consumer Price Index (YoY) | -1.1% | -1.1% | -0.1% |
Japan May Core CPI −1.1% On Year; Mkt Expected −1.1% (Dow Jones)
Japan's core consumer price index fell at its fastest pace on record in May as cheaper energy prices pushed utility charges lower and worsening job market conditions prompted consumers to rein in spending. The core CPI, which excludes volatile fresh food prices, fell 1.1% on the year in May after it declined 0.1% in April, the Ministry of Internal Affairs and Communications said Friday.
[ Full Story ]- Read the CPI data at Ministry of Internal Affairs and Communications
- Japan May, Tokyo June CPI Table Of Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 26 | 06:00 | DE | Import Price Index (MoM) (May) | 0.0% | 0.3% | -0.8% |
| 06:00 | DE | Import Price Index (YoY) (May) | -10.4% | -10.3% | -8.6% | |
| 07:37 | UK | Nationwide Housing Prices n.s.a (YoY) (Jun) | -10.1% | -11.3% | ||
| 07:37 | UK | Nationwide Housing Prices s.a (MoM) (Jun) | -0.4% | 1.2% | ||
| 09:30 | CH | KOF Leading Indicator (Jun) | -1.75 | -1.86 | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (May) | 0.1% | 0.3% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (May) | 1.8% | 1.9% | ||
| 12:30 | US | Personal Consumption Expenditure Deflator (May) | 0.4% | |||
| 12:30 | US | Personal Income (MoM) (May) | 0.3% | 0.5% | ||
| 12:30 | US | Personal Spending (May) | 0.4 | -0.1 | ||