Wednesday, Jun 17, 11:13 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
FX Market Readings: Swings and rise moves are expected by Dr. S. Sivaraman by Dr. S. Sivaraman
EURO and GBP made the drop during early Japanese session and firmed up towards close of the session.The expected drop happened during Early European session.They are expected to rise again from mid European session and during US sessions.
Trading for a Living: BRIC Final Statement Steers Clear of Threats to the Dollar by David Aranzabal
Forex Trading Today: EUR/USD Sees Slight Bullish Sentiment as EuroZone Equities Look to A Lower Open by Tim Salem
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
Main Fundamental theme in the Currency market
Expert: Terri Belkas
Start: Wed, Jun 17, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Jun 17, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jun 17, 13:00 GMT | Main Fundamental theme in the Currency market | Terri Belkas | WBN | |
| Wed, Jun 17, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
| Wed, Jun 17, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
| Wed, Jun 17, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
GBP/USD: Consolidation below 1.6663 is far from its completion
www.deltastock.com − After yesterday's break above the crucial 1.6436 the pair reached high at 1.6507. We hold on to our view, that it is too early for a break beyond 1.6623 and the consolidation below 1.6663 is far from its completion, so we will expect a fast downtrend to emerge around current levels towards 1.6083, en route to 1.5778.
EUR/USD
EURUSD: Move below 1,3800 will confirm the tops formation by FXGreece
Even though the trend remains bearish, the price didn't move below 1,3800 in order to confirm the tops formation. This means that all scenarios are open…
GOLD
40−day moving average continues to provide a barrier to a deeper move by Master The Markets
Should this fail to hold then we may well see a much deeper move initially to the $922 price region and possibly even further to re−test support in the $905 price point and above.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jun 17 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.1% | 0.3% |
| Jun 17 | 12:30 | Consumer Price Index (YoY) | -0.9% | -0.7% |
| Jun 17 | 12:30 | Consumer Price Index (MoM) | 0.3% | 0.0% |
| Jun 17 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.8% | 1.9% |
Friday Notes - US CPI: Gasoline price jump pushes up inflation in May by UniCredit Group
Seasonally unadjusted gasoline prices, a major swing factor for headline CPI, were up more than 9% in May, according to the Department of Energy. The seasonally adjusted increase was about half that figure, but that is sufficient to lift the headline inflation rate. By contrast, core inflation remains pretty stable.
[ Full Story ]US economic indicators - PPI & CPI (May): upward pressure on energy prices only by BHF−Bank
Top Market Movers Review
EMU TRADE BALANCE N.S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 17 | 09:00 | Trade Balance s.a. | -€0.3B | -€1.5B | -€1.8B |
| Jun 17 | 09:00 | Trade Balance n.s.a. | €2.7B | -€1.5B | €0.4B |
DATA SNAP: Euro−Zone Trade Surplus Increased In April (Dow Jones)
[ Full Story ]- Read the Trade Balance data at Eurostat
- CORRECT: DATA SNAP: Euro−Zone Trade Surplus Increased In Apr (Dow Jones)
- EU s.a. trade deficit decreases to €0.3B in Apr from €1.8B (FXstreet.com)
UK JOBLESS CLAIMS CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 17 | 08:30 | Jobless Claims Change | 39.3K | 60.0K | 57.1K |
| Jun 17 | 08:30 | ILO Unemployment Rate (3M) | 7.2% | 7.3% | 7.1% |
DATA SNAP: Rise In UK Claimant Count Jobless Eases In May (Dow Jones)
[ Full Story ]- Read the Employment data at UK Statistics
- 3rd UPDATE: UK May Claimant Count Rise Slowest In 10 Mos (Dow Jones)
- UK jobless claims post in May the lowest increase in 10 months; Pound unsteady (FXstreet.com)
- UK May Jobless Claims rise 39.3K, unemployment rate up to 7.2% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 17 | 09:00 | EMU | Construction Output s.a (MoM) | 0.6% | 0.6% |
|
| 09:00 | EMU | Construction Output w.d.a (YoY) (Apr) | -4.7% | -8.3% | ||
| 09:00 | EMU | Trade Balance n.s.a. (Apr) | €2.7B | -€1.5B | €0.4B | |
| 09:00 | EMU | Trade Balance s.a. (Apr) | €-0.3B | -€1.5B | -€1.8B |
|
| 09:00 | CH | ZEW Survey − Expectations (Jun) | 9.7 | -3.9 | ||
| 11:00 | US | MBA Mortgage Applications (Jun 12) | -15.8% | -7.2% | ||
| 12:30 | US | Consumer Price Index (MoM) (May) | 0.3% | 0.0% | ||
| 12:30 | US | Consumer Price Index (YoY) (May) | -0.9% | -0.7% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (May) | 0.1% | 0.3% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (May) | 1.8% | 1.9% | ||
Educational Resources
New section: The Markets Channel
In this new channel, you will see presentations from some of the best and brightest in the trading industry. Money Show's video channel is updated with new interviews at least once per day.… Forex, Commodities, Stocks, Futures... In short videos of 3 to 5 minutes, the most renowned experts − as John Bollinger − comment the markets trends, some trading strategies and tips, currencies moves... A new daily audiovisual resource you can't miss!
Examples of available videos:
Secular or Cyclical Bull Market? - Interview of Veteran analyst John Bollinger
Short-Term Trading Traps - Interview of Veteran trader and fund manager Linda Raschke, Presiden of LBR Group
Too Many Dollar Bears - Interview of FOREX.com's Todd Gordon