Friday, Sep 19, 07:31 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Multiple Timeframe Trading by James Chen
- Special Coverage: Central Banks move its forces to beat the global (US) problem
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Forex Blogs
Currencies for today
FX Market Readings: Week end moves by Dr. S. Sivaraman
EURO and GBP made the rise and drop again during US session and dropped further during Early Japanese session when the short sellers covered their shorts during rise and turn long.Now Early European session EURO and GBP are expected to dip below low and then rise from mid European session.
FX Bootcamp: Forex Video | London Session Review | September 18, 2008 by Wayne McDonell
The Disciplined Trader: The USD is taking a hit as expected by Pierre Charlebois
Live Sessions Schedule
Advanced APF Methods To Determine The Price Momentum
Expert: Sunil Mangwani
Start: Fri, Sep 19, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Sep 19, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Fri, Sep 19, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Sep 19, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar fell across the board on Wednesday by GFT (Global Forex Trading)
Euro/dollar rallied on Wednesday, as expected, and my model remains long. It should attempt to pad its gains today. Initial resistance is at 1.4400. Above 1.4482, resistance is still seen at 1.4545. Above 1.4625, resistance is at 1.4810. Immediate support comes at 1.4270. The next strong level remains at 1.4145. Below 1.4088, the low on Monday, support is still 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
Technical Trader Closing Brief − Big Reversal Day! by The Technical Trader
Banks' Analysis
Forex Trading Strategies − More market fireworks as Paulson plan for troubled US assets triggers enormous rally in risk appetite by Saxo Bank
Daily Forex Commentary − IS the Crisis over? by Jyske Bank
Forex Technical Analysis − EUR/USD: (1.4164) Sharp rebound reapproaching channel top off 1.5944 by KBC Bank
Forex Analysts' Blog
Week end moves by Dr. S. Sivaraman, of i−knowindices.com
Forex Signals
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Trades around first support level 1.4236
09/19/2008 06:51 GMT - GBP/USD
- Moves down towards second support level 1.7994
09/19/2008 06:52 GMT - USD/CHF
- Moves up above first resistant level 1.1136
09/19/2008 06:52 GMT - USD/JPY
- Moves up above second resistant level 106.86
09/19/2008 06:53 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 Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 19 | 06:00 | Producer Price Index (MoM) | -0.6% | -0.5% | 2.0% |
| Sep 19 | 06:00 | Producer Price Index (YoY) | 8.1% | 8.3% | 8.9% |
German Producer Prices Index declines in August on energy prices (FXstreet.com)
Inflation seems to have started to moderate in the last two months due to the significant decline in oil prices, and this moderation has been felt at factory levels in Germany in August, with the producer prices index posting a considerable decline month on month, for the first time this year.
[ Full Story ]- Producer prices August 2008 by German Statistics
- TABLE−German Aug PPI −0/6 pct m/m, +8.1 pct y/y (Thomson Financial News)
- Germany Producer Price Index down 0.6% in Aug; 8.1% down year on year (FXstreet.com)
Weekly Market View - The Mighty Swell Of Changing Times by FXstreet.com
New Zealand CURRENT ACCOUNT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 18 | 22:45 | Current Account | -3.91B | -3.50B | -2.20B |
INSTANT VIEW−NZ current account gap hits record high in Q2 (Thomson Financial News)
New Zealand's annual current account deficit widened to record levels in the second quarter on higher imports and increased earnings by foreign investors. The annual deficit stood at NZ$14.97 billion ($10.11 billion) in the June quarter compared with a revised NZ$14.21 billion deficit in the previous quarter, data showed on Friday. Analysts in a Reuters poll had forecast an annual deficit of NZ$14.09 billion.
[ Full Story ]- Read the Current Account report at Statistics New Zealand
- NZ dollar eases on record current account deficit (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 19 | 05:00 | JP | Coincident Index (Jul) | 103.5% | 103.3% | |
| 05:00 | JP | Leading Economic Index (Jul) | 91.4 | 92.9 | ||
| 06:00 | DE | Producer Price Index (MoM) (Aug) | -0.6% | -0.5% | 2.0% | |
| 06:00 | DE | Producer Price Index (YoY) (Aug) | 8.1% | 8.3% | 8.9% | |
| Sep 21 | 23:01 | UK | Rightmove House Price Index (MoM) (Sep) | -2.3% | ||
| 23:01 | UK | Rightmove House Price Index (YoY) (Sep) | -4.8% | |||
| 23:50 | JP | All Industry Activity Index (MoM) (Jul) | -0.9% | |||
| 23:50 | JP | BoJ Minutes (Aug) | ||||
| Sep 22 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Aug) | -3.4% | ||
| 01:30 | AU | New Motor Vehicle Sales (YoY) (Aug) | -4.1% | |||