Thursday, Jun 18, 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
Trading for a living: Nice start at the Europan Opening. Pound Tumbles by David Aranzabal
Today we had a nice opportunity in Cable, Breaking the main ascending trendline and falling all the way down accelerated by the worst than expected Retail Sales report.
FX Market Readings: Further rise in european crosses by Dr. S. Sivaraman
CEO's Blog: NFA Rule: 2-43 (b) - Is US retail FX going to be the same ever again? CMS Forex Vera Hawkin View by Francesc Riverola
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Live Sessions Schedule
MONTHLY WEBINAR: Part 1 − What Traders Need to Know About Today's Forex Environment
Expert: Mark Whistler
Start: Thu, Jun 18, 12:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Jun 18, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 18, 12:00 GMT | MONTHLY WEBINAR: Part 1 − What Traders Need to Know About Today's Forex Environment | Mark Whistler | WBN |  |
| Thu, Jun 18, 15:00 GMT | MONTHLY WEBINAR: Part 2 − VWAP and Strategies for Intraday Traders  | Mark Whistler | WBN | |
| Thu, Jun 18, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Fri, Jun 19, 09:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
Current Session: Europe − U.S.
GBPUSD: Broader Bias Remains To The Upside
FXTechstrategy − Although corrective pullbacks continue to shape up, GBP still retains its overall medium term uptrend triggered off the 1.3502 level. With a flat price action seen on Wednesday following its Tuesday strength, GBP could be preparing to head back up with the next target standing at its 2009 high at 1.6662 where a break will clear the way for the resumption of its medium term uptrend towards the 1.7000 level, its psycho level.
USD/JPY
USD/JPY: We have had a strong move down from 98.56 15th June high by FXstreet.com Independent Analyst Team
Important day today on USDJPY. We have had a strong move down from the 15th June when we reached a high of 9856. We formed a large doji yesterday.
EUR/USD
Dollar Remaining in Sideways Market Today by Swiss e Trade AG
Having so far unsuccessfully attacked the 1.3980 resistance level in this European morning, the pair is on a slight retreat right now, trading currently at 1.3940.
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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Jun 18 | 14:00 | Leading Indicators (MoM) | 0.9% | 1.0% |
US economic indicators - Leading indicators (May): second marked increase in a row by BHF−Bank
Leading indicators could have increased by about 1% mom again in May, pushing the annualised 6− month rate into positive territory for the first time in almost two years. The slower pace of supplier deliveries will have been the biggest positive contributor, followed by the steeper yield curve, the stock market, consumer expectations and real M2. The only noticeably negative contributions will be made by aggregate manufacturing working hours and new orders.
[ Full Story ]Top Market Movers Review
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 18 | 11:00 | Consumer Price Index (YoY) | 0.1% | -0.3% | 0.4% |
| Jun 18 | 11:00 | Bank of Canada Consumer Price Index Core (YoY) | 2.0% | 1.6% | 1.8% |
| Jun 18 | 11:00 | Consumer Price Index (MoM) | 0.7% | 0.3% | -0.1% |
| Jun 18 | 11:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.4% | 0.1% | 0.1% |
Forex: USD/CAD continues its decline after the Canadian CPI data (FXstreet.com)
[ Full Story ]- Read the CPI data at Statistics Canada
- Canada May CPI rises 0.7% MoM, 0.1% YoY (FXstreet.com)
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 18 | 08:30 | Retail Sales (MoM) | -0.6% | 0.5% | 0.9% |
| Jun 18 | 08:30 | Retail Sales (YoY) | -1.6% | -0.1% | 2.6% |
DATA SNAP: UK May Retail Sales Fall On Weak Non−Food Sales (Dow Jones)
[ Full Story ]- Read the Retail Sales data at UK Statistics
- 2ND UPDATE: UK Retail Sales Seen Weakening Further In 2009 (Dow Jones)
- UPDATE: Pound Plunges On Retail Sales, Public Finance Data (Dow Jones)
- Pound Plunges On Disappointing Retail Sales, Public Fin Data (Dow Jones)
Friday Notes - UK, Retail Sales: Unwinding of the Easter effect by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 18 | 08:30 | UK | Retail Sales (MoM) (May) | -0.6% | 0.5% | 0.9% |
| 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (May) | -51 | -45 | -56 | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (May) | 0.4% | 0.1% | 0.1% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (May) | 2.0% | 1.6% | 1.8% | |
| 11:00 | CA | Consumer Price Index (MoM) (May) | 0.7% | 0.3% | -0.1% | |
| 11:00 | CA | Consumer Price Index (YoY) (May) | 0.1% | -0.3% | 0.4% | |
| 12:30 | US | Continuing Jobless Claims (Jun 6) | 6840K | 6816K | ||
| 12:30 | US | Initial Jobless Claims (Jun 13) | 610K | 601K | ||
| 13:30 | US | Treasury's Geithner Speech | ||||
| 14:00 | US | Leading Indicators (MoM) (May) | 0.9% | 1.0% | ||