Tuesday, Jun 30, 07:39 GMT
EUROPEAN Trading Newsletter
To Get Started
- Learning Center: New chapter online: Fundamental Analysis Read it now!
- Webinar Videos: Monthly Webinar: What Traders Need to Know About Today's Forex by Mark Whistler
- All the events of the day in our Economic Calendar
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Forex Blogs
The Trader's Edge: EUR/USD Analysis and Elliott Education 101 by Ross Yamashita
Hello and welcome back to another week of trading. Pulling up the EUR/USD hourly chart, we have a couple things to point out.
Trade Setups: Fun and Games expected later this week by Phil Newton
FX Market Readings: EURO and GBP are expected to make month end big moves by Dr. S. Sivaraman
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Live Sessions Schedule
Forex Fundamentals − What To Watch
Expert: Steve Misic
Start: Tue, Jun 30, 11:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jun 30, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 30, 11:00 GMT | Forex Fundamentals − What To Watch | Steve Misic | WBN |  |
| Tue, Jun 30, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Tue, Jun 30, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Jun 30, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
Daily Technical Analysis − EUR: Attempt longs at 1.4100, adding to 1.4000
Mizuho Corporate Bank − Rallying slowly from retracement support and looking set to move a little higher again today. Only a weekly close above 1.4200 will really get things going and another big round of short−covering. Hopefully a whole host of other currencies will join in with this move adding momentum.
GBP/USD
Cable finally has broke higher by Charmer Charts.com
The break of 1.6665 has taken this to the next level of 1.6720. Here this should halt a little before continuing its upward journey.
Dollar
Asian markets advances on commodities and oil; Dollar under pressure by CMS Forex
Stocks in Asia are rising today's Tuesday session on commodities and oil higher, extending its record quaterly gains and Wall Street yesterday's gains.
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 M3
| Date (GMT) | Event | Cons. | Previous | |
| Jun 30 | 08:00 | M3 (YoY) | 4.6% | 4.9% |
Friday Notes - EMU, M3: Severe credit downturn by UniCredit Group
M3 growth has been on a slowing trend for one year and a half. Looking at lending dynamics, in April the flow of credit to the private sector was negative for the fourth time in the last five months: household lending is at a standstill while corporate lending continues its deceleration from April 2008's peak. As economic activity continues to shrink, in May we see a further easing in M3 growth and slower loans growth, particularly to firms.
[ Full Story ]Top Market Movers Review
UK NATIONWIDE HOUSING PRICES S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 30 | 06:02 | Nationwide Housing Prices n.s.a (YoY) | -9.3% | -10.1% | -11.3% |
| Jun 30 | 06:01 | Nationwide Housing Prices s.a (MoM) | 0.9% | -0.4% | 1.3% |
DATA SNAP: Nationwide: UK House Prices Rise Again In June (Dow Jones)
[ Full Story ]- Read the HPI data at Nationwide
- UK Nationwide HPI rises 0.9% in Jun, −9.3% YoY (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 30 | 05:00 | JP | Construction Orders (YoY) (May) | -41.9% | -25.9% | |
| 06:00 | CH | UBS Consumption Indicator (May) | 0.77 | 0.91 |
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| 06:01 | UK | Nationwide Housing Prices s.a (MoM) (Jun) | 0.9% | -0.4% | 1.3% |
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| 06:02 | UK | Nationwide Housing Prices n.s.a (YoY) (Jun) | -9.3% | -10.1% | -11.3% | |
| 07:55 | DE | Unemployment Change (Jun) | 45K | 1K | ||
| 07:55 | DE | Unemployment Rate s.a. (Jun) | 8.3% | 8.2% | ||
| 08:00 | EMU | M3 (YoY) (May) | 4.6% | 4.9% | ||
| 08:30 | UK | Current Account (1Q) | -£6.7B | -£7.6B | ||
| 08:30 | UK | Gross Domestic Product (QoQ) (1Q) | -2.1% | -1.9% | ||
| 08:30 | UK | Gross Domestic Product (YoY) (1Q) | -4.3% | -4.1% | ||
Educational Resources
Forex trading system is the subsystem of the forex trading plan which controls when and at which price you open and close your trades. Any currency trading system prevents information overload by filtering the universe of technical and/or fundamental signals in such a way that only the most reliable signals or signal combinations are acted upon. Check ForexHit's report!
Related Resources
System Building - Report by FX Engines
Forex Trading Systems - Report by StraightForex
Building a Trading System in the Forex - Webinar recording by John Jagerson
Trading Systems - Transcript session by Dan Blystone