Wednesday, Jun 24, 11:08 GMT
U.S. Trading Newsletter
To Get Started
- Learning Center: New chapter online, Fundamental Analysis is out. Check it out!
- WEBINAR VIDEOS: Fundamental analysis: FED meetings and their influence on trading by Valeria Bednarik
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a living: Asian channel breakout at the european opening by David Aranzabal
Today we got a very clear pattern that happens very often at the European opening. The price was playing through the boundaries of the Asian channel and finally broke the Asian resistance.
The Advisor Weblog: Majors’s sentiment for today by Valeria Bednarik
Forex Trading Today: Ranges of Accumulation Seen Moving Forward by Tim Salem (CVJ)
Sponsored by 
Live Sessions Schedule
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Jun 24, 14:00 GMT
Type of Session: Webinar
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Wed, Jun 24, 17:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jun 24, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Jun 24, 13:00 GMT | Main Fundamental theme in the Currency Market | John Kicklighter | WBN |  |
| Wed, Jun 24, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jun 24, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
Current Session: Europe − U.S.
GBPUSD −We are struggling to break through the main trend line at 1.6567
FXstreet.com Independent Analyst Team − DAILY: We are still in the up channel. The moving averages are ‘in order' to buy. We have MACD above the ascending trend line and momentum is back above the trigger line. We are still making higher lows with a good hammer candle forming yesterday. The ascending trend line and the 20 SMA held up well yesterday. We are still in an ascending triangle formation (bullish formation). We have a previous high at 1.6672.
GBP/USD
The GBP/USD pair has been very volatile lately by ForexYard
The pair reached as high as the 1.4100 level today, before dropping down to the 1.4080 level. This recent bullishness may continue according to the weekly chart's MACD and RSI.
USD/CHF
Dollar to Lose Some Territory Today by Swiss e Trade AG
A weak market for the dollar against the Swiss franc is consolidating its lower levels, currently priced at 1.0650. After some recovery moves setting in soon, we see more of the weakness in this market coming
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 DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Jun 24 | 12:30 | Durable Goods Orders | -0.9% | 1.9% |
| Jun 24 | 12:30 | Durable Goods Orders ex Transportation | -0.5% | 0.8% |
Friday Notes - Durable goods orders by UniCredit Group
Erratic month−to−month swings in durable goods orders mostly reflect fluctuations in orders for civilian aircraft, but lately the automobile sector has also registered wide movements. The pattern is likely to continue for the next several months until a more lasting improvement is discernible later this year.
[ Full Story ]Top Market Movers Review
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 24 | 10:00 | CBI Distributive Trades Survey − Realized (MoM) | -17 | - | -17 |
UK CBI retail sales remain at −17 in Jun; Pound eases (FXstreet.com)
UK CBI retail sales volume has remained unchanged from May, at a balance of −17 between shoppers reporting higher sales in June and those experiencing sales below the average level for this time of the year.
[ Full Story ]- Read the official data at Confederation of British Industry
- CORRECT: UK CBI: June Retail Sales Volume −17 Vs −17 In May (Dow Jones)
- UK CBI: June Retail Sales Volume −17 Vs −17 In May (Dow Jones)
- United Kingdom CBI Distributive Trades Survey − Realized (MoM) remains at −17 in Jun (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 23 | 23:50 | JP | Corporate Service Price (YoY) (May) | -3.0% | -2.8% | -2.4% |
| Jun 24 | 02:00 | NZ | Westpac Consumer Confidence (2Q) | 106 | 96 | 96 |
| 06:30 | JP | BoJ's Governor Shirakawa Speech | ||||
| 08:00 | EMU | Current Account n.s.a | €-9.2B | -€4.0B |
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| 08:00 | EMU | Current Account s.a | €-5.9B | -€7.0B |
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| 10:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Jun) | -17 | -17 | ||
| 12:30 | US | Durable Goods Orders (May) | -0.9% | 1.9% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (May) | -0.5% | 0.8% | ||
| 14:00 | US | New Home Sales (May) | 360K | 352K | ||
| 14:00 | US | New Home Sales (MoM) (May) | 2.3% | 0.3% | ||
Educational Resources
The Fed and The FOMC Committee
The Federal Reserve is the Central Bank of the United States, setting Monetary Policy and broadly ensuring the stability and development of the US Financial System. Read this new report written by Tim Salem. The "Fundamental Forex Foundations" is a new series to introduce some of the key and major data release concepts that affect us in the Foreign Exchange World with the most impact.
Related Resources
Central Bank Review - Webinar recording with Adam Rosen
Learning Center - Section about "Interest Rates" in the Fundamental Chapter
Live Coverage of this month's FOMC Meeting with Nick Nasad from the Homepage of FXstreet.com: Wednesday 24th at 18:00 GMT - 14:00 EST