Friday, Jun 19, 11:12 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: The Yen Crosses Set for Accumulation into Possible Appreciation by Tim Salem
We have had an Event−Filled and Volatile Week of Work this Week… especially if you Working Style is on the IntraDay Levels! While in the very−near Immediate−Term, we should see, and are seeing, some Dollar and Yen Strength as Prices move to break various minor Levels of Consolidation and Mixed Sentiment… we can step out a little bit and see Corrective Retracements now setting up for potential Bullish Builds to come back into The Markets over the next few Sessions.
CEO'S Weblog: NFA - New Rulings Coming Along Will Change The Forex Industry Forever by Francesc Riverola
The Advisor Blog: Starting the day by Valeria Bednarik
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Live Sessions Schedule
Trading this summer
Expert: Adam Rosen
Start: Fri, Jun 19, 12:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jun 19, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jun 19, 12:00 GMT | Trading this summer | Adam Rosen | WBN |  |
| Fri, Jun 19, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Fri, Jun 19, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Jun 22, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: Europe − U.S.
Cable is on the rise attacking the 1.6450 resistance level
Swiss e Trade AG − Cable is on the rise in early European trading, attacking the 1.6450 resistance level, now trading around the 1.6440 mark. As we see it, the 1.6450 reistance zone will not be broken in today's trading hours, rather giving way to downmoves to zones around 1.6320.
EUR/USD
Forex: EUR/USD: Euro re−gains 1.3900 level by FXstreet.com
The Euro has bounced at 1.3880 intra−day low, on rejection from 1.3950 earlier, and the pair has reached levels above 1.3900 with 1.3950 on sight, which could open the path towards 1.4000 level.
GBP/JPY
GBP/JPY: We broke out of the descending channel last night after some Class A divergence by FXstreet.com Independent Analyst Team
We are still in an uptrend. The moving averages are mixed but the 20 SMA is holding the support well. We have had two clear pincer bottoms through the line.
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
Canada RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jun 19 | 12:30 | Retail Sales ex Autos (MoM) | -0.1% | -0.2% |
| Jun 19 | 12:30 | Retail Sales (MoM) | -0.1% | 0.3% |
Currency Trading Majors Pairs - USD to CAD − Daily Chart by Master The Markets
[ Full Story ]Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 19 | 06:00 | Producer Price Index (YoY) | -3.6% | -3.6% | -2.7% |
| Jun 19 | 06:00 | Producer Price Index (MoM) | 0.0% | 0.0% | -1.4% |
DATA SNAP: German May PPI Flat As Energy Prices Rebound (Dow Jones)
[ Full Story ]- Read the PPI data at German Statistics
- Germany May PPI decreases 3.6% YoY, on hold on the month (FXstreet.com)
Weekly Forex Outlook - German PPI (May) is forecast by Easy Forex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 18 | 13:30 | US | Treasury's Geithner Speech | |||
| 14:00 | US | Leading Indicators (MoM) (May) | 1.2% | 0.9% | 1.1% |
|
| 14:00 | US | Philadelphia Fed Manufacturing Survey (Jun) | -2.2 | -18.0 | -22.6 | |
| 23:50 | JP | BoJ Minutes | ||||
| Jun 19 | 06:00 | DE | Producer Price Index (MoM) (May) | 0.0% | 0.0% | -1.4% |
| 06:00 | DE | Producer Price Index (YoY) (May) | -3.6% | -3.6% | -2.7% | |
| 12:30 | CA | Retail Sales (MoM) (Apr) | -0.1% | 0.3% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Apr) | -0.1% | -0.2% | ||
| Jun 21 | 22:45 | NZ | Visitor Arrivals (May) | 2.4% | ||
| 23:01 | UK | Rightmove House Price Index (MoM) (Jun) | 2.4% | |||
Educational Resources
Candlesticks and their whole picture
Popularity of the candlesticks is huge, for that reason an amount of questions about it is understandably big. All the questions in this article have a tendency to clarify which candlestick pattern works most. In this article Tomas Cedavicius gives his understanding about candlestick charting and his view about practical approach to candlestick charting.
Related Resources
Basics Of Candlesticks - Report by Geert De Boeck
Understanding The Creation Of Candles In Forex Trading - Webinar recording by Sam Seiden
Trading Candlestick Patterns - Q&A transcripts by Ron William