Tuesday, Sep 09, 07:36 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: How to profit in today's globalization 3.0 credit bubble economy by John W O'Donnell
- Special Coverage - US Treasuries take over Freddie Mac and Fannie Mae by FXstreet.com
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International Traders Conference 2008 − October 29−31
Don't miss the FX event of the year
This year's topics are Trading Psychology, Emerging Markets Currencies, Hidden Divergence, Risk Management, Range Trading, Support and Resistance, Break Out Trading Strategies and Sentiment Indicators.
And there will be 3 LIVE TRADING sessions coached by our guest speakers!
Book now your seat for the ITC 2008 and Enjoy our LAST CALL OFFER: 550 €
- Speeches Schedule
- Speakers Panel
- Haven't you decided to go yet? − View all 2007 videos
Forex Blogs
Readings about USD
FX Market Readings: USD gaining all the way by Dr. S. Sivaraman
EURO and GBP are being sold at every level. USD is gaining every minute.Market appears to be under rerating of the currencies. Since they have shown new low in EURO and GBP there could be further speculative selling taking advantage of the free fall.
The Advisor Blog: Non stop by Valeria Bednarik
The Trader's Edge: USD − Long term buy against the Canadian? by Ross Yamashita
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Sep 9, 14:00 GMT
Type of Session: Webinar
Longer−term Support and Resistance Trading: Setups and Rules
Expert: Rob Booker
Start: Tue, Sep 9, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 8, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Sep 9, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Sep 9, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Sep 9, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.4088) New reaction low by KBC Bank
Drop from 1.6040 has sent the pair to a new reaction low: 1st Support area at 1.4046 (today's low?), with next levels at 1.40000/ .3990 (psycho/ 76.4% 1.3358 to 1.6040), ahead of 1.3974 (daily envelope bottom + daily Starc bottom): tough on 1st attempts.
If wrong, next levels at 1.3925 (Long Term daily Uptrendline off 2002 low), where pause favored, amid oversold readings.
Resistance at 1.4189 (breakdown hourly), with next levels at 1.4203 (daily envelope top) and 1.4243 (daily Short Term Moving Average↓).
- USD gaining all the way by Dr. S. Sivaraman, of i−knowindices.com
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Check out how pairs moved: Live Currency Rates & Charts
Banks' Analysis
Forex Trading Strategies − Unprecedented USD move picks up speed after market decides that Fannie and Freddie bailout is a mere bump in the road by Saxo Bank
Weekly Report
Weekly Update − The Chinese yuan is lower at 6.8433 vs. the dollar amid broad dollar strength by Union Bank of California
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.4127 , below pivot level 1.4203
09/09/2008 06:44 GMT - GBP/USD
- Trades around opening price level 1.7579 , below pivot level 1.7675
09/09/2008 06:45 GMT - USD/CHF
- Trades around opening price level 1.1315 , above pivot level 1.1272
09/09/2008 06:45 GMT - USD/JPY
- Moves down below first support level 107.65
09/09/2008 06:46 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, GFT (Global Forex Trading), Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US PENDING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 9 | 14:00 | Pending Home Sales (MoM) | -1.3% | 5.3% |
Weekly Market View - In the U.S. Pending Home Sales is a remarkable event to monitor by FXstreet.com
The currency markets seem poised to retrace some of the US Dollars recent gains − but the trend is with the US Dollar as larger geo−political issues are taking place off most people radar screens.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 9 | 06:00 | Trade Balance | 13.9 | 17.8 | 19.9B |
German Trade surplus narrowed more than expected in July (FXstreet.com)
German trade surplus has narrowed considerably in July, as exports declined on the month and imports rose, as the latest report by German Statistics shows.
[ Full Story ]- UPDATE 1−German July trade data stoke recession fears (Thomson Financial News)
- INSTANT VIEW 1−German July trade surplus narrows sharply (Thomson Financial News)
- TABLE−German July trade surplus narrows to 11.8 bln euros (Thomson Financial News)
EMU economic indicators - German trade balance is likely to have deteriorated by BHF−Bank
Australia RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 9 | 01:30 | Retail Sales (MoM) | 0.1% | 0.5% | -1.0% |
DATA SNAP:Australian Jul Trend Retail Sales +0.1% Vs Jun (Dow Jones)
A trend estimate of Australian retail sales rose a higher−than−expected 0.1% to A$18.23 billion in July from A$18.21 billion in June and rose from A$17.68 billion a year earlier, the Australian Bureau of Statistics said Tuesday. The trend estimate further smoothes seasonally adjusted numbers, which the bureau has stopped publishing in printed form.
[ Full Story ]- Read the Retail Sales report at Australian Bureau of Statistics
- INSTANT VIEW−Australia retail sales rebound in August (Thomson Financial News)
- Australia July retail sales rose 1.4 pct (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 9 | 01:30 | AU | Investment Lending (Jul) | 2.3% | -0.3% | |
| 01:30 | AU | National Australia Bank's Business Conditions (Aug) | -7 | -5 | ||
| 06:00 | JP | Machine Tool Orders (YoY) (Aug) | -14.2% | -2.5% | ||
| 06:00 | DE | Trade Balance (Jul) | 13.9 | 17.8 | 19.9B |
|
| 08:30 | UK | Industrial Production (MoM) (Jul) | -0.1% | -0.2% | ||
| 08:30 | UK | Industrial Production (YoY) (Jul) | -1.4% | -1.6% | ||
| 08:30 | UK | Manufacturing Production (MoM) (Jul) | -0.1% | -0.5% | ||
| 08:30 | UK | Manufacturing Production (YoY) (Jul) | -1.1% | -1.3% | ||
| 12:15 | CA | Housing Starts s.a (YoY) (Aug) | 190.0K | 186.5K | ||
| 13:00 | US | Fed's Bernanke Speech | ||||