Thursday, Sep 11, 07:39 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: Longer-term Support and Resistance Trading: Setups and Rules by Dave Murphy
- Analyst Comments - Market commentaries and opinions from the pros
- Exclusive report - Perceiving Forex Volatility through Descriptive Statistics − Part 1 by Mark Whistler
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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
Chartology: Webinar on Multiple Timeframe Trading by Raghee Horner
I'm sitting in Salt Lake City Intl airport waiting for my flight to Vegas and thought I would share a few ideas from the past couple days. I was talking with a friend of mine and greattrader… and we were discussion economics and their place within an overall trade set up.
The Disciplined Trader: Looking For Key Support and Resistance Using Candlesticks by Pierre Charlebois
FX Path: Webinar on Multiple Timeframe Trading by James Chen
Live Sessions Schedule
FX Instructor Live Trading Room − Free Access Day
Expert: Mark De La Paz
Start: Thu, Sep 11, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Trending Markets with Moving Averages − Free Access Day
Expert: Adam Rosen
Start: Thu, Sep 11, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 11, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN | |
| Thu, Sep 11, 12:00 GMT | US Pre−Market Open − Free Access Day | Ed Ponsi | WBN |  |
| Thu, Sep 11, 12:30 GMT | Trading Trending Markets with Moving Averages − Free Access Day | Adam Rosen | WBN | |
| Thu, Sep 11, 13:30 GMT | US Session Open − Free Access Day | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar rallied across the board on Wednesday by GFT (Global Forex Trading)
The dollar rallied across the board on Wednesday on ongoing unwinding of shorts, this time along the US equity indices, while the oil dragged the CRB Index down and the carry trades fell further. The dollar should experience more strength today. The US trade deficit is due and the number will likely improve.
- Harmonics on Gold by Sunil Mangwani, CEO at FibForex123.
- 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
Other Topics for this Session:
Start the Day − Brazil raises Selic interest rate 75 bp to 13.75% to fight inflation by Mizuho Corporate Bank
Currencies at a Glance
- EUR/USD
- Trades around first support level 1.3932
09/11/2008 06:52 GMT - GBP/USD
- Trades around opening price level 1.7529 , below pivot level 1.7575
09/11/2008 06:53 GMT - USD/CHF
- Trades around opening price level 1.1364 , above pivot level 1.1326
09/11/2008 06:54 GMT - USD/JPY
- Trades around pivot level 107.41
09/11/2008 06:55 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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 11 | 12:30 | Trade Balance | -$58.0B | -$56.8B |
US economic indicators - Trade balance (July): wider deficit despite ongoing strength in exports by BHF−Bank
We expect nominal imports to have gone up by a similar rate in July, as import prices rose by 1.7% mom. Exports are unlikely be as buoyant as in June, but the marked rise in capital goods orders and the still high level of the ISM export component indicate that they could have risen by about 2% mom. We expect the nominal trade deficit to have widened from $56.8bn to $57.5bn in July. The real trade deficit will not have risen as markedly, and net exports could thus prevent the GDP growth rate from turning negative in the 3rd quarter.
[ Full Story ]Top Market Movers Review
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 11 | 01:30 | Employment Change | 14.6K | 5.9K | 10.9K |
| Sep 11 | 01:30 | Unemployment Rate | 4.1% | 4.4% | 4.3% |
DATA SNAP: Australian Aug Unemployment Rate 4.1% (Dow Jones)
Australia's unemployment rate fell to a better−than−expected seasonally adjusted 4.1% in August from 4.3% in July. The number of employed rose 14,600, the Australian Bureau of Statistics said Thursday. Economists on average had expected an unemployment rate of 4.4% in August, with the number of employed up 5,000.
[ Full Story ]- Read the Labour Force report at Australian Bureau of Statistics
- Aussie dollar pressured despite upbeat jobs data (Thomson Financial News)
- INSTANT VIEW−Australia jobless rate shows surprise fall (Thomson Financial News)
- Australia employment rises by 14,600 in August (Thomson Financial News)
New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 21:00 | RBNZ Interest Rate Decision | 7.50% | 7.75% | 8.00% |
Reserve Bank of NZ cuts cash rate to 7.50 pct (Thomson Financial News)
New Zealand's central bank cut interest rates by half a point to 7.5 percent on Thursday, the second consecutive reduction, saying the slowing economy would rein in strong inflation pressures, leaving room for further cuts. All 17 economists in a Reuters poll had forecast a cut, with one predicting a half−percentage point cut.
[ Full Story ]- Read the Official Casht Rate report at Reserve Bank of New Zealand
- WRAPUP 2−NZ c.bank opts for big rate cut, kiwi tumbles (Thomson Financial News)
- NZ dollar at 23−month low after rate cut; bonds up (Thomson Financial News)
- WRAPUP 1−NZ c.bank cuts rates by half a point, kiwi tumbles (Thomson Financial News)
Weekly Market View - RBNZ Interest Rate Announcement by FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 10 | 23:50 | JP | Core Machinery Orders (MoM) (Jul) | -3.9% | -4.0% | -2.6% |
| Sep 11 | 01:00 | AU | Consumer Inflation Expectation (Aug) | 4.4% | 4.9% | |
| 01:30 | AU | Employment Change (Aug) | 14.6K | 5.9K | 10.9K | |
| 01:30 | AU | Unemployment Rate (Aug) | 4.1% | 4.4% | 4.3% | |
| 08:00 | EMU | ECB Monthly Report (Sep) | ||||
| 08:30 | UK | Inflation Expectations | 4.3% | |||
| 08:45 | UK | MPC Treasury Committee Hearings | ||||
| 09:45 | EMU | European Comission's Economic Growth Forecasts | ||||
| 12:30 | US | Continuing Jobless Claims (Aug 30) | 3440K | 3435K | ||
| 12:30 | US | Import Price Index (MoM) (Aug) | -1.5% | 1.7% | ||