Friday, Jun 26, 11:14 GMT
U.S. Trading Newsletter
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- 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: Very tricky start of the European session today by David Aranzabal
Today we had a very tricky session at the Frankfurt − London window, as the price in GBP /USD retraced almost all the way down the previous leg up, so if you didn't entry at the very beggining of the trendline broken, you were stoped out. Let's review the trade.
The Trader's Edge: USD/CAD Trade Watch by Ross Yamashita
Forex Trading Today: EUR/USD and Crude Higher on Asian Equities and EU Futures by Tim Salem
Share your opinions with your fellow traders at FXstreet.com Forum
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Live Sessions Schedule
US Session Open
Expert: Ed Ponsi
Start: Fri, Jun 26, 13:30 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jun 26, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jun 26, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Jun 26, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Jun 26, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Jun 29, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: Europe − U.S.
GBP/USD: Attacking the 1.6500 resistance level again
Swiss e Trade AG −Cable traded stronger in early European trading and is right now at 1 6450, attacking the 1.6500 resistance level again. We expect that level to be surpassed, but only shortly, to a maximum of 1.6530. After that, downward corrections are in the cards, back to the 1.6400 handle level
EUR/USD
EURUSD: Hitting Its Broken Channel Top by FXTechstrategy
With a positive close printed on Thursday, EUR was seen following through higher on those gains in early trading today. This suggests that as long as the pair continues to hold above the mention pattern.
USD/JPY
USD/JPY slumped back within its recent range by ACM − Advanced Currency Markets
Overbought intraday signals prevailed yesterday and USD/JPY slumped back within its recent range. The absence of material movement suggests more ranging between 94.90 and 96.70 into next week.
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 EXPENDITURE DEFLATOR
| Date (GMT) | Event | Cons. | Previous | |
| Jun 26 | 12:30 | Personal Consumption Expenditure Deflator | - | 0.4% |
| Jun 26 | 12:30 | Personal Spending | 0.4 | -0.1 |
| Jun 26 | 12:30 | Personal Income (MoM) | 0.3% | 0.5% |
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
Switzerland KOF LEADING INDICATOR
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 26 | 09:30 | KOF Leading Indicator | -1.65 | -1.75 | -1.85 |
Swiss KOF Leading Indicator increases to −1.65 in Jun from −1.85 (FXstreet.com)
[ Full Story ]- Read full Survey at KOF Institute
Germany IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 26 | 06:00 | Import Price Index (MoM) | 0.0% | 0.3% | -0.8% |
| Jun 26 | 06:00 | Import Price Index (YoY) | -10.4% | -10.3% | -8.6% |
German Import Price Index flat MoM, −10.4% YoY (FXstreet.com)
[ Full Story ]- Read the Import Prices data at German Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 25 | 23:50 | JP | All Industry Activity Index (MoM) (Apr) | 2.6% | 2.1% | -1.8% |
| Jun 26 | 06:00 | DE | Import Price Index (MoM) (May) | 0.0% | 0.3% | -0.8% |
| 06:00 | DE | Import Price Index (YoY) (May) | -10.4% | -10.3% | -8.6% | |
| 11:13 | UK | Nationwide Housing Prices n.s.a (YoY) (Jun) | -10.1% | -11.3% | ||
| 11:13 | UK | Nationwide Housing Prices s.a (MoM) (Jun) | -0.4% | 1.2% | ||
| 09:30 | CH | KOF Leading Indicator (Jun) | -1.65 | -1.75 | -1.85 |
|
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (May) | 0.1% | 0.3% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (May) | 1.8% | 1.9% | ||
| 12:30 | US | Personal Consumption Expenditure Deflator (May) | 0.4% | |||
| 12:30 | US | Personal Income (MoM) (May) | 0.3% | 0.5% | ||
Educational Resources
Educator of the Month: James Chen
James Chen, CTA, CMT, is the Chief Technical Strategist for FX Solutions. He is also a registered Commodity Trading Advisor and a Chartered Market Technician. Mr. Chen graduated from Tufts University with a degree in social psychology, and has been a currency trader and analyst since the inception of the retail forex market. James Chen publishes research on FXstreet.com and participates to different projects. Check the links below!
Highlighted resources
Check his report Chart of the Day
Register here for his next live session on Tuesday July 14 2009 at 12:00 GMT
Follow his blog at FXstreet.com − FX Path
Read about his book - Essentials of Foreign Exchange Trading
International Traders Conference (ITC 09) Barcelona - Mr.Chen will be Key Speaker at the event