Monday, Jun 22, 12:09 GMT
U.S. Trading Newsletter
To Get Started
- Learning Center: New chapter online, Fundamental Analysis is out. Check it out!
- WEBINAR VIDEOS: The Green Revolution? by Joseph Trevisani
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: Forex Levels to Watch (Week of Jun 22−26, 2009) by James Chen
EUR/USD − Support 1.3750 / Resistance 1.4010
USD/JPY − Support 95.50 / Resistance 97.15
GBP/USD − Support 1.6185 / Resistance 1.6660
USD/CHF − Support 1.0760 / Resistance 1.0955
Forex Trading Today: Risk-Averse Behavior Clips The EUR/USD Ahead of Key Data by Tim Salem
1st on Forex: The Week Ahead: FOMC – GDP - Webinars by Jerry Furst
Sponsored by 
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 22, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jun 22, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 22, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jun 22, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jun 22, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jun 22, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe − U.S.
EUR/USD: We have held the downward trend line
ACM − Advanced Currency Markets − Slight bearish channel. Risk of a further correction to 1.3720 seems likely now. Move above 1.4170 will help reinstate bullish theme. Current bearish pennant will have traders watched for breakout opportunities. Intraday expect range bound trading between 1.3970 resistance and 1. 3730 support.
GBP/USD
Forex Still in a Kind of Equilibrium by Swiss e Trade AG
Above support levels, the pound is hovering in quiet trading in the early European hours, right now at 1.6470. We expect selling pressure to emerge today, bringing the pair down to levels around 1.6350.
USD/JPY
USD/JPY: The pair is ready for the next leg downwards by www.deltastock.com
As expected, the test of the 97.10−30 resistance zone failed and the pair is ready for the next leg downwards, to 93.58. The intraday bias is still neutral, so one more upswing to 96.64 can not be ruled out yet.
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
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Cons. | Previous | |
| Jun 23 | 06:00 | Gfk Consumer Confidence Survey | 2.5 | 2.5 |
Friday Notes - Private sector deleveraging to slow down economic recovery by UniCredit Group
The moderate upward trend in the consumer climate since last autumn, driven by strong disinflation, ground to a halt in the second quarter. Above all, the rising number of layoffs and the record−high job insecurity are overshadowing the fiscal support for households from the economic stimulus program.
[ Full Story ]US FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 24 | 18:15 | Fed Interest Rate Decision | 0.25% | 0.25% |
Weekly Economic and Financial Commentary - Lower Inflation Liberates the Fed by Wachovia
[ Full Story ]Top Market Movers Review
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 22 | 08:00 | IFO − Business Climate | 85.9 | 85.1 | 84.2 |
| Jun 22 | 08:00 | IFO − Expectations | 89.5 | 87.0 | 85.9 |
German Ifo Business climate Index improves in June; Euro, at intraday lows (FXstreet.com)
German business confidence Index has improves in June, showing that the end of the current recession is approaching, and that the worst part of it is already gone, according to the latest survey by the German Ifo Institute.
[ Full Story ]- Read the oficial data at CESifo
- Germany IFO − Business Climate improves to 85.9 in Jun from 84.2 in May (FXstreet.com)
EMU economic indicators - German ifo business climate (June): improvement by BHF−Bank
Sunrise Market Commentary - German IFO: the consensus is looking for in improvement by KBC Bank
The Trading Week - The Trading Week: June 21 − June 26 by AllThingsForex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 21 | 23:50 | JP | BSI Large Manufacturing (QoQ) (2Q) | -13.2 | -66.0 | |
| Jun 22 | 01:30 | AU | New Motor Vehicle Sales (MoM) (May) | 5.4% | 1.7% |
|
| 01:30 | AU | New Motor Vehicle Sales (YoY) (May) | -12.6% | -19.8% |
||
| 03:00 | NZ | Credit Card Spending (May) | -2.4% | -1.6% | ||
| 08:00 | DE | IFO − Business Climate (Jun) | 85.9 | 85.1 | 84.2 | |
| 08:00 | DE | IFO − Expectations (Jun) | 89.5 | 87.0 | 85.9 | |
| 12:30 | CA | Canadian Investment in Foreign Securities (Apr) | -$6.185B | |||
| 12:30 | CA | Foreign investment in Canadian securities (Apr) | $6.849B | |||
| 22:45 | NZ | Current Account (1Q) | -1.310B | -4.026B | ||
| Jun 23 | 05:00 | JP | Leading Economic Index (Apr) | 75.5 | ||