Resistance and Support, news for june 18 currency trading

Resistance & support

EURUSD GBPUSD USDJPY USDCHF 1.4090 1.6630 97.20 1.0990 1.4020 1.6510 96.40 1.0890 1.3910 1.6370 96.00 1.0830 1.3840 1.6250 95.20 1.0730 1.3740 1.6110 94.70 1.0670

Economic calendar

Date Time (GMT) Currency Impact Actual Forecast Previous Thu Jun 18 1:30am AUD RBA Monthly Bulletin 7:30am CHF Libor Rate 0.25% 0.25% 0.25% 7:30am CHF SNB Monetary Policy Assessment 7:30am CHF SNB Press Conference 7:30am CHF SNB Financial Stability Report 8:00am EUR Italian Trade Balance -0.28B -0.02B 0.08B 8:30am GBP Retail Sales m/m -0.6% 0.4% 0.9% 8:30am GBP Public Sector Net Borrowing 19.9B 18.9B 8.5B 8:30am GBP Prelim M4 Money Supply m/m 0.2% 0.7% 0.1% 10:00am GBP CBI Industrial Order Expectations -45 -56 11:00am CAD Core CPI m/m 0.1% 0.1% 11:00am CAD CPI m/m 0.4% -0.1% 12:30pm USD Unemployment Claims 608K 601K 1:30pm USD Treasury Sec Geithner Speaks 2:00pm USD Philly Fed Manufacturing Index -17.6 -22.6 2:00pm USD CB Leading Index m/m 0.8% 1.0% 2:30pm USD Natural Gas Storage 104B 106B 5:30pm USD Treasury Sec Geithner Speaks 6:15pm CAD BOC Gov Carney Speaks 7:30pm CAD BOC Gov Carney Speaks 11:50pm JPY Monetary Policy Meeting Minutes

Day trading system

Learn how to trade futures

China is growing, stocks as refuge? Investor set up.

The yen and the dollar fell after the World Bank raised its growth forecast for China, fueling gains in stocks and sapping demand for the currencies as a refuge from the economic slump. The World Bank said the Chinese economy will expand 7.2 percent this year, up from a previous forecast of 6.5 percent. The dollar also dropped as traders pared bets that the Federal Reserve will increase interest rates by year-end. The Swiss franc weakened after the nation's central bank said it will act "decisively" to curb the currency's gains.

The yen weakened to 133.67 per euro as of 8:54 a.m. in London, from 133.50 yesterday in New York. It was at 95.84 per dollar, from 95.75. The dollar traded at $1.3946 per euro, from $1.3942. The U.K. pound advanced against the dollar to trade 0.3 percent higher at $1.6454 as of 8:10 a.m. in London.

The World Bank joins Goldman Sachs Group Inc., Morgan Stanley and UBS AG in raising growth forecasts for China after a 4 trillion-yuan ($585 billion) stimulus package triggered record loans and surging investment in the world's biggest contributor to growth last year.

Traders cut bets the Fed will raise its target rate for overnight loans this year before a U.S. report that may show the Philadelphia region's manufacturing shrank for a ninth month. The odds of a rate increase dropped to 45 percent, from 64 percent odds a week ago, Fed fund futures trading showed.

Day trading system

Learn how to trade futures