Thursday, Sep 18, 07:44 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: How long will this USD trend last? by Adam Rosen
- US Financial Crisis goes on: AIG makes Fed reverse its position by FXstreet.com
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Forex Blogs
Currencies for today
FX Market Readings: Expected moves happened − What next? by Dr. S. Sivaraman
EURO and GBP made the unassuming rise after very volatile up and down moves seen during Early US session. Now EURO and GBP are expected to slide during late Japanese and firm up moderately during Early European session.
The Traders Edge: AUD/CAD Trade by Ross Yamashita
Trade Setups: Forex Video | Set ups 17 Aug ‘08 | Analysis by Phil Newton
Live Sessions Schedule
MONTHLY WEBINAR: Part 1: Common Sense Fundamentals and Technicals for Real Traders
Expert: Mark Whistler
Start: Thu, Sep 18, 12:30 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Sep 19, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 18, 12:30 GMT | MONTHLY WEBINAR: Part 1: Common Sense Fundamentals and Technicals for Real Traders | Mark Whistler | WBN |  |
| Thu, Sep 18, 15:00 GMT | MONTHLY WEBINAR: Part 2: Perceiving Volatility through Descriptive Statistics  | Mark Whistler | WBN | |
| Fri, Sep 19, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Sep 19, 12:00 GMT | Improving your trading in congestion zones | Valeria Bednarik | WBN | |
Current Session: Europe
EUR/USD
Technical Analysis − EUR/USD: (1.4338) Sharp rebound reapproaching channel top off 1.5944 by KBC Bank
Sharp rebound after having tested Long Term daily Uptrendline off 2002 (1.3945 today), with reversal day at the low: 1st Support area at 1.4305 (today's low?), with next levels at 1.4253/ .4235 (daily Short Term Moving Average↑/ broken daily Medium Term Moving Average↓), ahead of 1.4197 (daily envelope bottom): tough on 1st attempts.
If wrong, next level at 1.4096/ .4074 (reaction low hourly/ current week low) and 1.4051 (weekly envelope bottom), where pause favored.
- 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:
Pairs to Range Trade − UPDATE − Growth, Rates Outlook Sees Euro Hold Range Against the Pound by FXCM
Daily Market Commentary − The dollar fell across the board on Wednesday by GFT (Global Forex Trading)
Trading News Report − Will A Rebound In U.K. Retail Sales Boost the Pound? by FXCM
Market Session Recaps − Asia Session by FOREX.com
Banks' Analysis
Daily Forex Commentary − Not a Positive Day in Sight by Jyske Bank
Forex Analysts' Blog
If you don't think trader sentiment is what moves the markets by Pierre Charlebois, Senior Trading Coach at www.TradingPostFinancial.com
Forex Signals
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.4324 , above pivot level 1.4261
09/18/2008 06:46 GMT - GBP/USD
- Trades around opening price level 1.8171 , above pivot level 1.8067
09/18/2008 06:47 GMT - USD/CHF
- Trades around opening price level 1.1028 , below pivot level 1.1089
09/18/2008 06:47 GMT - USD/JPY
- Trades around opening price level 104.64 , below pivot level 105.24
09/18/2008 06:48 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 18 | 08:30 | Retail Sales (MoM) | -0.4% | 0.8% |
| Sep 18 | 08:30 | Retail Sales (YoY) | 1.6% | 2.1% |
Friday Notes - We expect −1% in August by HVB Group
Smoothing out the high volatility seen over the last three months, UK retail sales dynamic has been modest, but actually not disastrous as we would have expected. As retail sector surveys continue to point to a more pronounced weakness and consumption fundamentals are darkening by the day, retail sales should enter a clear downward trajectory over the next few months. We expect −1% in August.
[ Full Story ]Top Market Movers Review
Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 18 | 06:15 | Trade Balance | 1.427B | - | 2.370B |
Swiss trade surplus narrowed in August (FXstreet.com)
Swiss surplus in goods and services trade with the rest of the world has narrowed considerably in August, as exports declined larger than imports, as the latest survey by the Swiss Confederation shows.
[ Full Story ]- Swiss Confederation official site
- INSTANT VIEW 1−Swiss adjusted exports rise in August (Thomson Financial News)
- TABLE−Swiss trade surplus narrows to 1.4 bln Sfr in Aug (Thomson Financial News)
- Switzerland Trade surplus narrows to 1.427B in Aug from 2.37B in Jul (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 18 | 05:00 | JP | Bank of Japan Monthly Economic Survey | |||
| 05:30 | JP | Nationwide Department Sales (YoY) (Aug) | -3.1% | -2.5% | ||
| 06:00 | JP | Machine Tool Orders (YoY) (Aug) | -13.9% | -14.2% | ||
| 06:15 | CH | Trade Balance (Aug) | 1.427B | 2.370B | ||
| 08:30 | UK | M4 Money Supply (MoM) (Aug)  | 0.7% | 0.9% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Aug) | 10.6% | 11.2% | ||
| 08:30 | UK | M4 Sterling Lending (Aug) | £14.2B | £12.4B | ||
| 08:30 | UK | Public Sector Net Borrowing (Aug) | £9.0B | -£4.8B | ||
| 08:30 | UK | Retail Sales (MoM) (Aug) | -0.4% | 0.8% | ||
| 08:30 | UK | Retail Sales (YoY) (Aug) | 1.6% | 2.1% | ||