Wednesday, Sep 10, 07:46 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
- Streaming Forex Rates - High−frequency updated data on the top 24 pairs
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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
Recommended Readings
The Disciplined Trader: How To Read Market Sentiment In Candles by Pierre Charlebois
I like to count waves (Elliott) to get a sense of the general direction and how far a move should go. However I usually don't enter a trade unless I see a Candle or pattern of several Candles that potentially shows a reversal or continuation point.
FX Path: EUR/USD Update − Traversing a Down Channel by James Chen
FX Market Readings: Volatile mid weeks by Dr. S. Sivaraman
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Sep 10, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Profiting from Fear and Greed by trading against the crowd
Expert: David Rodríguez
Start: Wed, Sep 10, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 10, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Sep 10, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Sep 10, 13:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN | |
| Wed, Sep 10, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − Having bounced from the 1.4050 support zone brings pressure on the upside by E−Forex
Having bounced from the 1.4050 support zone brings pressure on the upside, as the Euro may continue to recover a bit versus the US dollar. However, the downside remains on focus despite the current pullback and more selling interest should emerge on the topside, towards the 1.43 region and higher, if reached. Minor support is formed at 1.4150 backed by 1.4100 and 1.4050. Resistance starts at 1.4200 followed by 1.4240/50 and 1.4270. Current quote is 1.4130 @06:08 GMT
- volatile mid week 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
Daily Technical Analysis − EUR: Possibly attempt tiny longs at 1.4150; stop below 1.4000 by Mizuho Corporate Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.4134
09/10/2008 06:52 GMT - GBP/USD
- Moves up above pivot level 1.7604
09/10/2008 06:52 GMT - USD/CHF
- Trades around pivot level 1.1281
09/10/2008 06:53 GMT - USD/JPY
- Trades around pivot level 107.31
09/10/2008 06:54 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
New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 10 | 21:00 | RBNZ Interest Rate Decision | 7.75% | 8.00% |
Weekly Market View - RBNZ Interest Rate Announcement by FXstreet.com
In New Zealand, the RBNZ Interest Rate Announcement (Current 8.00 %) is scheduled at 21:00 GMT. Be aware NZD/USD traders.
[ Full Story ]Top Market Movers Review
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 05:00 | Coincident Index | 103.3% | 102.5% | 103.3% |
| Sep 10 | 05:00 | Leading Economic Index | 91.6 | 91.9 | 92.9 |
Japan coincident indicator index +0.9 point in July (Thomson Financial News)
Japan's index of coincident economic indicators rose 0.9 point to a preliminary 103.3 in July from 102.4 in June, the government said on Wednesday. The index of leading economic indicators, compiled using data such as the number of new job offers and consumer sentiment, rose 0.6 point to a preliminary 91.6 in July from 91.0 in June.
[ Full Story ]- Read the Leading Economic Index report at Japan Cabinet Office
- Japan July Leading Indicators Table Of Data (Dow Jones)
Australia WESTPAC CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 00:30 | Westpac Consumer Confidence | 7.0% | - | 9.1% |
Australian Consumer Sentiment Index +7.0% In Sep Vs Aug (Dow Jones)
An index of consumer sentiment in Australia rose 7.0% in September from August. The index rose to 92.2 points in September in seasonally adjusted terms from 86.2 points in August, compilers Westpac Banking Corp. and the Melbourne Institute said in a statement. In annual terms, the consumer sentiment index fell 20.3% in September in seasonally adjusted terms.
[ Full Story ]- Read the Westpac Consumer Confidence report at Melbourne Institute
- Australian consumer confidence jumps as rates fall (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 10 | 00:30 | AU | Westpac Consumer Confidence (Sep) | 7.0% | 9.1% | |
| 05:00 | JP | Coincident Index (Jul)  | 103.3% | 102.5% | 103.3% | |
| 05:00 | JP | Leading Economic Index (Jul) | 91.6 | 91.9 | 92.9 | |
| 07:00 | EMU | ECB Trichet's Speech | ||||
| 08:30 | UK | Goods Trade Balance (Jul) | -£7.5B | -£7.7B | ||
| 08:30 | UK | Total Trade Balance (Jul) | -4.2B | -4.4B | ||
| 11:00 | US | MBA Mortgage Applications (Sep 5) | 7.5% | |||
| 12:30 | CA | Labor Productivity (QoQ) (2Q) | 0.3% | -0.3% | ||
| 14:35 | US | EIA Crude Oil Stocks change (Sep 6) | -1.9 | |||
| 21:00 | NZ | RBNZ Interest Rate Decision | 7.75% | 8.00% | ||