Thursday, Jun 25, 11:01 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
Forex Trading Today: The Majors Show Slight Appreciation as we still work in The Macro−Ranges by Tim Salem
We come off of the Asian−Pacific Sectors with their Bourses in largely Positive Territory, especially The Nikkei… as we see this "Carryover" into most Majors… either in the Form of Bullish Sentiment, or Bullish Corrective Sentiment with IntraDay Flag/Pennant Continuation Patterns.
The Advisor Blog: Starting the day by Valeria Bednarik
FX Market Readings: Volatile moves expected for a day before next slide by Dr. S. Sivaraman
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Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Jun 25, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jun 25, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 25, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, Jun 25, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Thu, Jun 25, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jun 25, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
Current Session: Europe − U.S.
Forex: GBP/USD: Sterling attempts to base at 1.6305
FXstreet.com − The Pound has dropped further on European session and decline from yesterday's high at 1.6600 has extended to 1.6305 low during European session.
Initial support level lies right at 1.6300, and in case of further decline, next support lies at the bottom of the last two−weeks trading channel at 1.6185/05 and then 1.6100. Resistance levels lie at 1.6365 (Jun 24 low) and and above here, 1.6400/15 and 1.6465/70.
EUR/USD
EUR/USD: Deep retracement below 1,4000 confirms the absence of a basic trend by FXGreece
If 1.4000 area is confirmed as resistance, and price moves below yesterday's lows, next target will be at 1,3800−40 area, but it will not be easily reached.
USD/JPY
USD/JPY: We broke out of the 1 hr triangle formation to the upside by FXstreet.com
Daily: We are still in the downward channel at an angle −18* which looks corrective. We had a doji on the 23rd of June followed by a green candle. The moving averages are mixed.
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 PERSONAL CONSUMPTION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 25 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | - | 1.9% |
| Jun 25 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | - | 0.3% |
| Jun 25 | 12:30 | Personal Consumption (QoQ) | 1.5 | 1.5 |
| Jun 25 | 12:30 | Core Personal Consumption Expenditure − Prices Index (QoQ) | 1.5 | 1.5 |
US economic indicators - PCE core deflator (May): only a small increase by BHF−Bank
After having risen by 0.3% mom, the PCE core deflator is only likely to have gone up by 0.1% mom in May, just like core CPI. The increase in medical care costs was above average, but this is likely to have been cancelled out by lower drug prescription costs. The PCE core deflator's annual rate will have declined to 1.8%. It is expected to approach the lower end of the fed's comfort zone (1–2%) in the coming months.
[ Full Story ]Top Market Movers Review
EMU INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 25 | 09:00 | Industrial New Orders s.a. (MoM) | -1.0% | 0.0% | -0.2% |
| Jun 25 | 09:00 | Industrial New Orders (YoY) | -35.5% | -32.8% | -26.5% |
DATA SNAP: Euro−Zone New Indus Orders Post Record Drop On Yr (Dow Jones)
Euro−zone industrial new orders posted their sharpest drop on the year on record in April in a sign that the single currency area's recovery from recession could be painfully slow, official data showed Thursday.
[ Full Story ]- UPDATE: Euro−Zone New Indus Orders Post Record Drop In April (Dow Jones)
- EU Apr Industrial New Orders down 1% MoM, 35.5% YoY (FXstreet.com)
EMU economic indicators - Industrial New Orders probably unchanged by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 24 | 14:30 | US | EIA Crude Oil Stocks change | -3.8M | -3.9M | |
| 18:15 | US | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% | |
| 22:45 | NZ | Current Account (1Q) | -1.25B | -1.31B | -4.10B |
|
| Jun 25 | 00:00 | AU | Conference Board Australia Leading Index (Apr) | 0.7% | 0.6% |
|
| 09:00 | EMU | Industrial New Orders (YoY) (Apr) | -35.5% | -32.8% | -26.5% |
|
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Apr) | -1.0% | 0.0% | -0.2% |
|
| 12:30 | US | Continuing Jobless Claims (Jun 13) | 6714K | 6687K | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (1Q) | 0.3% | |||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (QoQ) (1Q) | 1.5 | 1.5 | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (1Q) | 1.9% | |||