Tuesday, Jun 23, 12:53 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
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
CEO's Weblog: Reads for the Day − Is this the death of the dollar? by Francesc Riverola
Border guards in Chiasso see plenty of smugglers and plenty of false−bottomed suitcases, but no one in the town, which straddles the Italian−Swiss frontier, had ever seen anything like this. Trussed up in front of the police in the train station were two Japanese men, and beside them a suitcase with a booty unlike any other.
The advisor Blog: Majors's sentiment for today by Valeria Bednarik
Forex Trading Today: Mixed Sentiment is Seen as Risk-Aversion May Find Correction by Tim Salem
Sponsored by 
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jun 23, 14:00 GMT
Type of Session: Webinar
Simplifying W.D.Gann
Expert: Lea Peters
Start: Tue, Jun 23, 19:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jun 23, 13:00 GMT | Fundamental analysis: FED meetings and their influence on trading  | Valeria Bednarik | WBN |  |
| Tue, Jun 23, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Jun 23, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Tue, Jun 23, 19:00 GMT | Simplifying W.D.Gann | Lea Peters | WBN | |
Current Session: Europe − U.S.
USD Overbought Again; Consider Today's Short Opportunities
FXstreet.com − The pair is on recovery course this European morning, currently trading at 1.3930. We expect some downward correction now, but not below levels around 1.3880 − which will serve as a springboard to further upmoves, to a maximum of 1.3970 in today's trading.
GBP/USD
Forex: GBP/USD: The Pound bounces at 1.6205 and breaks above 1.6300 by FXstreet.com
Sterling's decline from 1.6560 high on Friday has reached resistance area at 1.6185/10, and the Pound has bounced at 1.6205 low reaching levels above 1.6300 at the time of writing.
USD/JPY
USDJPY: Outlook Continues To Point Lower by FXTechstrategy
Weakness continues to be seen in early trading today pushing the pair further lower and opening up threats towards the 94.45 level, its Jun 01'09 low though a potential hammer is now shaping up.
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 EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jun 23 | 14:00 | Existing Home Sales | 4.80M | 4.68M |
| Jun 23 | 14:00 | Existing Home Sales (MoM) | 2.6% | 2.9% |
The Week Ahead - Existing home sales are expected to increase by BBVA Bancomer
Existing home sales are expected to increase for the second month in a row to 4.83M from 4.68M due to falling prices, favorable mortgage rates and the new tax credit for first time buyers. In fact, pending home sales, a leading indicator for existing home sales, has increased for the past three months.
[ Full Story ]US ABC/WASHINGTON POST CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Jun 23 | 21:00 | ABC/Washington Post Consumer Confidence | - | -49 |
US economic indicators - The weekly ABC consumer comfort poll deteriorated by BHF−Bank
We expect UMI's final June consumer sentiment to be revised down to about 68.0, as the weekly ABC consumer comfort poll deteriorated. As the graph shows, it is currently at a relatively low level compared to the UMI indicator, and the gap could narrow.
[ Full Story ]Top Market Movers Review
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 23 | 08:00 | Purchasing Manager Index Manufacturing | 42.4 | 42.0 | 40.7 |
| Jun 23 | 08:00 | Purchasing Manager Index Services | 44.5 | 45.6 | 44.8 |
Euro Zone Jun Manufacturing PMI improves to 42.4 while Services PMI goes down to 44.5 (FXstreet.com)
[ Full Story ]- Markit Economics homepage
- UPDATE: Euro−Zone June Output Drop Weakest For Nine Months (Dow Jones)
- DATA SNAP: Euro−Zone Economic Contraction Slows In June (Dow Jones)
EMU economic indicators - PMI manufacturing indices Germany and EMU (June): up by BHF−Bank
Germany PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 23 | 07:30 | Purchasing Manager Index Manufacturing | 40.5 | 40.9 | 39.6 |
| Jun 23 | 07:30 | Purchasing Manager Index Services | 44.3 | 46.0 | 45.2 |
DATA SNAP: German Flash Jun Composite PMI 43.4 Vs May 44.0 (Dow Jones)
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 23 | 06:15 | CH | Trade Balance (May) | 2.01B | 1.86B | 2.55B |
| 07:30 | DE | Purchasing Manager Index Manufacturing (Jun)  | 40.5 | 40.9 | 39.6 | |
| 07:30 | DE | Purchasing Manager Index Services (Jun) | 44.3 | 46.0 | 45.2 | |
| 08:00 | EMU | Purchasing Manager Index Manufacturing (Jun) | 42.4 | 42.0 | 40.7 | |
| 08:00 | EMU | Purchasing Manager Index Services (Jun) | 44.5 | 45.6 | 44.8 | |
| 08:30 | UK | BBA Mortgage Approvals | 31.2K | 29.5K | 29.0K |
|
| 14:00 | US | Existing Home Sales (May) | 4.80M | 4.68M | ||
| 14:00 | US | Existing Home Sales (MoM) (May) | 2.6% | 2.9% | ||
| 14:00 | US | Housing Price Index (MoM) (May) | -0.3% | -1.1% | ||
| 14:00 | US | Richmond Fed Manufacturing Index (Jun) | 6 | 4 | ||