Wednesday, Sep 17, 07:51 GMT
EUROPEAN Trading Newsletter
To Get Started
- The FED leaves Rates Unchanged. View the Live Coverage Transcript with Valeria Bednarik
- Webinar Videos: How long will this USD trend last? by Adam Rosen
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Forex Blogs
Ahead the Fed
The Disciplined Trader: Now what after the FOMC announcement? − EUR/USD recovering? by Pierre Charlebois
After much gyration in the price immediately following the FOMC minutes release, we are now back at a greater level prior to the news.
FX Path: GBP/USD Alert − Near the Top of a Wedge/Pennant by James Chen
The Advisor Blog: After the FOMC by Valeria Bednarik
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Sep 17, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Sep 17, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 17, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Sep 17, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Sep 17, 13:00 GMT | Main Fundamental theme in the Currency market | Terri Belkas | WBN |  |
| Wed, Sep 17, 14:00 GMT | Multiple Timeframe Trading | James Chen | WBN |  |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar edged up on Tuesday on consolidation by GFT (Global Forex Trading)
Euro/dollar closed lower on Tuesday, but my model remains long. It should now attempt to recover those losses. Initial resistance is at 1.4270. This is followed by 1.4330. Above 1.4482, the high on Monday, resistance is still seen at 1.4545. Above 1.4625, resistance is at 1.4810. Immediate support remains at 1.4145. Below 1.4088, the low on Monday, support is now seen at 1.4004. A pivot low is at 1.3883.
- Fed Special Coverage Transcript by Valeria Bednarik
- Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Market Session Recaps − Asia Session by FOREX.com
Currency Majors Technical Analysis by Mataf.net
Weekly Forex Outlook − Lehman Brothers Rock Markets. Oil below $100 by Easy Forex
Banks' Analysis
Daily Forex Commentary − Fed Funds Unchanged at 2% by Jyske Bank
Forex Analysts' Blog
GBP/USD Alert − Near the Top of a Wedge/Pennant by James Chen, Chief Technical Analyst at FX Solutions
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Forex Signals
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Continues to trade below pivot level 1.4270
09/16/2008 21:29 GMT - GBP/USD
- Stays around first support level 1.7800
09/16/2008 21:29 GMT - USD/CHF
- Trades above pivot level 1.1163
09/16/2008 21:29 GMT - USD/JPY
- Conitnues to move up above first resistant level 106.19
09/16/2008 21:29 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
UK ILO UNEMPLOYMENT RATE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 17 | 08:30 | Average Earnings excluding Bonus (3Mo/Yr) | 3.6% | 3.7% |
| Sep 17 | 08:30 | Average Earnings including Bonus (3Mo/Yr) | 3.4% | 3.4% |
| Sep 17 | 08:30 | ILO Unemployment Rate (3M) | 5.4% | 5.4% |
| Sep 17 | 08:30 | Claimant Count Rate | 2.8% | 2.7% |
| Sep 17 | 08:30 | Jobless Claims Change | 22.5K | 20.1K |
PREVIEW−UK jobless expected to jump again in August (Thomson Financial News)
More than twenty thousand people joined the queue for jobless benefits in Britain last month, analysts say, and official data could also show a fall in overall employment as the economic downturn gathers pace. Analysts expect official data to show the claimant count rose 22,300 in August −− the third month in a row the count will have increased by at least 20,000 and the biggest jump since the economic slump of the early 1990s.
[ Full Story ]Top Market Movers Review
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 17 | 04:00 | BoJ Interest Rate Decision | 0.5% | - | 0.5% |
BOJ keeps rates on hold,says economy still sluggish (Thomson Financial News)
The Bank of Japan kept interest rates unchanged on Wednesday and maintained its assessment on the economy, which it said was still sluggish. In a widely expected move, the central maintained its overnight call rate target at 0.5 percent by a unanimous vote. "Tensions in global financial markets have increased and there are downside risks to the world economy," the BOJ said.
[ Full Story ]- Read the Interest Rate decision report at Bank of Japan
- TEXT−BOJ statement after Sept 16−17 meeting (Thomson Financial News)
- UPDATE 1−BOJ on guard over markets, keeps rates on hold (Thomson Financial News)
- INSTANT VIEW−BOJ keeps rates, sticks to view on economy (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 16 | 21:00 | US | ABC/Washington Post Consumer Confidence | -41 | -47 | |
| Sep 17 | 00:30 | AU | Westpac Leading Index (MoM) (Jul) | 0.2% | 0.1% | |
| 03:30 | AU | RBA's Governor Glenn Stevens Speech | ||||
| 04:00 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | ||
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Jul) | 3.6% | 3.7% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Jul) | 3.4% | 3.4% | ||
| 08:30 | UK | Bank of England Minutes | ||||
| 08:30 | UK | Claimant Count Rate (Aug) | 2.8% | 2.7% | ||
| 08:30 | UK | ILO Unemployment Rate (3M) (Jul) | 5.4% | 5.4% | ||
| 08:30 | UK | Jobless Claims Change (Aug) | 22.5K | 20.1K | ||