Monday, Jun 15, 11:20 GMT
U.S. Trading Newsletter
To Get Started
- Learning Center: Chapter 1 of Unit B: Technical Analysis is out. Check it out!
- WEBINAR VIDEOS: Economic and Technical View of the Currency Market by Rob Booker
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Asian Sectors Fall as Dollar and Yen Gain Strength by Tim Salem
Our earlier Thoughts on our last Post come to fruition as The Asian Bourses come off while The Dollar and Yen continue their Macro−Corrections… even though most Units are still considered to be in rather large Range−Bound Areas.
The Advisor Blog: Starting the day by Valeria Bednarik
Trade Setups: Forex Video - 15 June '09 - Update by Phil Newton
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 15, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jun 15, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 15, 12:00 GMT | Can I use FX to hedge my stock portfolio?  | Adam Rosen | WBN |  |
| Mon, Jun 15, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jun 15, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
| Mon, Jun 15, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
Current Session: Europe − U.S.
GBP/USD: Retreating from this month's high at 1.6664
Mizuho Corporate Bank − Retreating from this month's high at 1.6664 in what those who have missed Cable's rally (and there are an awful lot of them) are hoping is a ‘double top'. A good rule of thumb when one has missed a big move is to buy a portion now, at any price, and hope for an improvement on the second instalment, not to hold out and hope – and maybe miss the boat again
EUR/USD
EUR/USD is in a broad consolidation, after bottoming at 1.2331 by Ace Trader
As expected, the pair broke through 1.3944 "trigger" support and after brief retest of the 1.4040 resistance in Friday, the downtrend is renewed for 1.3803, en route to 1.3720 and 1.35+.
USD/JPY
USD/JPY: Market reaching the 97.80 support for today by Swiss e Trade AG
An undecided market developed in late Asian and early European trading for the dollar against the yen, resulting in a narrow sideways trend between 98.50 and 98.20.
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
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jun 15 | 17:00 | NAHB Housing Market Index | 17 | 16 |
Friday Notes - NAHB housing market index pessimism still rules among house builders by UniCredit Group
Home builders still see declining demand for new houses, but the degree of pessimism they express is easing somewhat. The implication is the overall business recession, which was presaged by the contraction in residential construction, will come to an end long before the housing market bottoms out.
[ Full Story ]Top Market Movers Review
EMU EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 15 | 09:00 | Employment Change (QoQ) | -0.8% | - | -0.4% |
| Jun 15 | 09:00 | Employment Change (YoY) | -1.2% | - | -0.1% |
DATA SNAP: Record Drop In Euro−Zone Employment During 1Q (Dow Jones)
The number of people in work in the 16 countries that use the euro fell by 1.2 million during the first three months of 2009, the largest decline since records began in 1991, data showed Monday.
[ Full Story ]- Read the Employment data at Eurostat
- CORRECT: Record Drop In Euro−Zone Employment During 1Q (Dow Jones)
- Euro Zone QoQ Employment decreases 0.8% in 1Q (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 15 | 07:15 | CH | Producer and Import Prices (MoM) (May) | -0.3% | 0.1% | -0.2% |
| 07:15 | CH | Producer and Import Prices (YoY) (May) | -5.0% | -4.7% | -3.6% | |
| 09:00 | EMU | Employment Change (QoQ) (1Q) | -0.8% | -0.4% |
||
| 09:00 | EMU | Employment Change (YoY) (1Q) | -1.2% | -0.1% |
||
| 12:30 | CA | Manufacturing Shipments (MoM) (Apr) | 0.0% | -2.7% | ||
| 12:30 | CA | New Motor Vehicle Sales (MoM) (Apr) | 0.1% | 6.3% | ||
| 12:30 | US | NY Empire State Manufacturing Index (Jun) | -6.00 | -4.55 | ||
| 13:00 | US | Net Long−term TIC Flows (Apr) | $60.1B | $55.8B | ||
| 13:00 | US | Total Net TIC Flows (Apr) | 23.2B | |||
| 17:00 | US | NAHB Housing Market Index (Jun) | 17 | 16 | ||
Educational Resources
Psychology: The Mind of a Trader
Steven Croft's new podcast about trading strategies and psychology matters: listen now! Here are the topics for this week:
− What Will You Do At The Fork In The Road?
− Climb The Mountain and Love It
− From Good to Great
More psychology resources:
Animal Spirits: Not So Good for Day Trading, or Investing for that Matter - Report by Gabe Velázquez
Man vs. Market - Ebook by Rob Booker
W.D.Gann Trading Physchology - Transcript session by David Burton