Tuesday, Jun 16, 11:13 GMT
U.S. Trading Newsletter
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- 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
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Forex Blogs
Forex Trading Today: Dollar and Yen Strength Continue as Slight Accumulation Begins by Tim Salem
The Risk−Averse Dollar and Yen are now moving into Accumulation to Consolidation from the IntraDay Perspective, as Exchange Rates begin to slow and ease.
The advisor Blog: October ITC in Barcelona by Valeria Bednarik
The Disciplined Trader: Many USD pairs look to be capitulating by Pierre Charlebois
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| Tue, Jun 16, 11:00 GMT | Understanding the simple rules of Money Management – Part II: Position sizing  | Sunil Mangwani | WBN |  |
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Current Session: Europe − U.S.
U.S. Dollar Rally Comes To a Halt Today
Swiss e Trade AG − The heavily oversold position of the pair is about to be corrected this European morning, with the market currently trading at 1.3890, after recovering from lows around 1.3750. We see this recovery continuing today, first with some down corrections to the 1.3850 levels, and then rising to 1.3950.
GBP/USD
GBP/USD: The pair is in an uptrend, after bottoming at 1.3506 by www.deltastock.com
The pair is in an uptrend, after bottoming at 1.3506. Trading is situated above the 50− and 200−day SMA, currently projected at 1.4778 and 1.5510.
EUR/GBP
EURGBP: We had a descent down day yesterday with EURGBP moving over 50 pips by FXstreet.com Independent Analyst Team
We had a descent down day yesterday with EURGBP moving over 50 pips. We have the moving averages ‘in order' to sell and they are gapped meaning we are in a strong trend.
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 PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jun 16 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.1% | 0.1% |
| Jun 16 | 12:30 | Producer Price Index (MoM) | 0.6% | 0.3% |
| Jun 16 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 3.2% | 3.4% |
| Jun 16 | 12:30 | Producer Price Index (YoY) | -4.4% | -3.7% |
US economic indicators - PPI & CPI (May): upward pressure on energy prices only by BHF−Bank
Despite the global recession, oil prices have been rising markedly since February. They were about 18% mom higher in mid−May, and we thus predict that producer prices will have increased by 0.7% mom in May. However, as oil prices went up even more sharply in the previous year, the yearly rate will probably drop from –3.7% to –4.3%.
[ Full Story ]US HOUSING STARTS
| Date (GMT) | Event | Cons. | Previous | |
| Jun 16 | 12:30 | Housing Starts (YoY) | 0.48M | 0.46M |
| Jun 16 | 12:30 | Building Permits (MoM) | - | 0.494M |
US economic indicators - Housing starts (May): NAHB index signals slight improvement by BHF−Bank
Housing starts fell by 12.8% to a new record low of 458k in April. Multi−family starts were again responsible for the plunge, whereas single−family starts have begun to stabilize in the last three months. The weakness in starts in April may have been partly due to bad weather.
[ Full Story ]Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 16 | 09:00 | ZEW Survey − Economic Sentiment | 44.8 | 35.2 | 31.1 |
German June ZEW Economic Expectations 44.8 Vs 31.1 In May (Dow Jones)
[ Full Story ]- Read the Economic Sentiment data at ZEW Institute
- UPDATE: German Jun ZEW Econ Expectations 44.8 Vs 31.1 In May (Dow Jones)
- Forex: EUR/USD: Euro returns to levels above 1.3900 after ZEW data (FXstreet.com)
- German ZEW economic expectation index soars in Jun; Euro jumps above 1.3900 (FXstreet.com)
EMU economic indicators - German ZEW economic sentiment (June): up by BHF−Bank
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 16 | 09:00 | Consumer Price Index − Core (YoY) | 1.5% | 1.6% | 1.8% |
| Jun 16 | 09:00 | Consumer Price Index (MoM) | 0.1% | 0.0% | 0.4% |
| Jun 16 | 09:00 | Consumer Price Index (YoY) | 0% | 0% | 0% |
DATA SNAP: Euro−Zone Inflation Stalls At Record Low In May (Dow Jones)
[ Full Story ]- Read the CPI data at Eurostat
- UPDATE: Euro−Zone Inflation Stalls At Record Low In May (Dow Jones)
- Euro Zone May YoY CPI flat, +0.1% MoM (FXstreet.com)
- East Europe May Inflation Rates Too High For Euro−Zone Entry (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 16 | 08:30 | UK | Retail Price Index (MoM) (May) | 0.6% | 0.2% | 0.1% |
| 09:00 | EMU | Consumer Price Index − Core (YoY) (May) | 1.5% | 1.6% | 1.8% | |
| 09:00 | EMU | Consumer Price Index (MoM) (May) | 0.1% | 0.0% | 0.4% | |
| 09:00 | EMU | Consumer Price Index (YoY) (May) | 0% | 0% | 0% | |
| 09:00 | EMU | Labor Costs (YoY) (1Q) | 3.7% | 3.0% | 3.8% | |
| 09:00 | DE | ZEW Survey − Economic Sentiment (Jun) | 44.8 | 35.2 | 31.1 | |
| 12:30 | US | Building Permits (MoM) (May) | 0.494M | |||
| 12:30 | US | Housing Starts (YoY) (May) | 0.48M | 0.46M | ||
| 12:30 | US | Producer Price Index (MoM) (May) | 0.6% | 0.3% | ||
| 12:30 | US | Producer Price Index (YoY) (May) | -4.4% | -3.7% | ||