Friday, Sep 26, 08:20 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Understand & Use Fibonacci Ratio's Effectively by Sunil Mangwani
- Special Coverage - Financial Crisis: Will the Bailout Plan save US economy? by FXstreet.com
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Forex Blogs
Chartology: The U.S. Dollar sits and waits for D.C. by Raghee Horner
The question I keep getting is what the 700b bailout will do to the dollar. I am split on that as I think the move could be bullish OR bearish depending on perception of the bailout worldwide. Any significant cash infusion...
The Advisor Blog: Gbp/Jpy in the longer term by Valeria Bednarik
Trade Setups: Forex Video | Set ups 25 Sept ‘08 | Analysis by Phil Newton
Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Fri, Sep 26, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Sep 26, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 26, 08:00 GMT | The Forex Basic Training Program − Chapter VII | Wayne McDonell | WBN |  |
| Fri, Sep 26, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Sep 26, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Fri, Sep 26, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
Current Session: Europe
EUR/USD
Forex Trading Strategies − TARA bailout plan thrown into doubt by last minute Republican gambit by Saxo Bank
Technicals are getting a bit sloppy and the action is confusing in many pairs, but this is often the case when the market is focused exclusively on some ad hoc, headline generating main event like TARA. This is like the market action as the Iraq war was building up and got under way. Yesterday we talked about the potential for the EURUSD correction to extend higher to 1.5000, but that has been thrown into doubt by yesterday's rally−neutralizing reversal. The chart now turns more neutral and we look for the next range breakout for hints. The same goes for the JPY crosses, which have now seen 4 days of consolidation.
- The U.S. Dollar sits and waits for D.C. by Raghee Horner, trader and author at Raghee.com
- 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:
Trading News Report − U.S. GDP on Tap, How Will the Dollar React? by FXCM
FOREX−Dollar slips on U.S. bailout plan uncertainty by (Thomson Financial News)
Market Session Recaps − Asia Session by FOREX.com
Currency Majors Technical Analysis by Mataf.net
Banks' Analysis
Daily Technical Analysis − EUR: Buy at 1.4635; stop below 1.4500 by Mizuho Corporate Bank
Forex Signals
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.4645
09/26/2008 08:03 GMT - GBP/USD
- Trades around opening price level 1.8371 , below pivot level 1.8448
09/26/2008 08:03 GMT - USD/CHF
- Trades below pivot level 1.0882
09/26/2008 08:03 GMT - USD/JPY
- Moves down below first support level 105.67
09/26/2008 08:03 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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Sep 26 | 12:30 | Gross Domestic Purchases Price Index | 1.2% | 3.5% |
| Sep 26 | 12:30 | Gross Domestic Product Annualized | 3.3% | 0.9% |
US economic indicators - Q2 GDP was revised up substantially, from an annualised 1.9% to 3.3% by BHF−Bank
This was mainly due to an even bigger contribution from net exports and a smaller decline in inventories. The final results will probably more or less confirm the preliminary figures.
[ Full Story ]Top Market Movers Review
Germany IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 26 | 06:00 | Import Price Index (MoM) | -0.8% | -1.0% | 0.6% |
| Sep 26 | 06:00 | Import Price Index (YoY) | 9.3% | - | 9.3% |
German import prices index increase 9.3% yearly in August (FXstreet.com)
The index of imported prices has increased 9.3% in Germany in August, the same increase as in the previous month. Excluding crude oil and mineral oil products, imported prices have increased 4.1% in the last 12 months, according to data released by Eurostat.
[ Full Story ]- Read the Import Prices data at German Statistics
- TABLE−German Aug import prices −0.8 pct m/m, +9.3 pct y/y (Thomson Financial News)
- Germany Import Price Index declines 0.8% in Aug; 9.3% up year on year (FXstreet.com)
Japan NATIONAL CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 25 | 23:30 | National CPI Ex Food, Energy (YoY) | 0.0% | 0.2% | 0.2% |
| Sep 25 | 23:30 | Tokyo CPI ex Fresh Food (YoY) | 1.7% | 1.4% | 1.5% |
| Sep 25 | 23:30 | Tokyo Consumer Price Index (YoY) | 1.4% | 1.2% | 1.3% |
| Sep 25 | 23:30 | National CPI Ex−Fresh Food (YoY) | 2.4% | 2.4% | 2.4% |
| Sep 25 | 23:30 | National Consumer Price Index (YoY) | 2.1% | 2.1% | 2.3% |
| Sep 25 | 23:30 | Tokyo CPI ex Food, Energy (YoY) | 0.5% | 0.2% | 0.2% |
Japan Aug Core CPI +2.4% On Year; Mkt Expected +2.4% (Dow Jones)
Japan's core consumer price index rose 2.4% in August from a year earlier, the Ministry of Internal Affairs and Communications said Friday, matching the previous month's rise, which was the fastest growth in nearly 11 years. The reading matched the 2.4% gain forecast by economists polled by Dow Jones Newswires and Nikkei.
[ Full Story ]- Read the Consumer Price Index report at Japan Statistics Bureau
- UPDATE 2−Japan's inflation stuck at decade high (Thomson Financial News)
- Japan Yosano: watching price rise impact on consumers (Thomson Financial News)
- UPDATE 1−Japan's inflation stuck at decade high (Thomson Financial News)
New Zealand GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 25 | 22:45 | Gross Domestic Product (QoQ) | -0.2% | -0.4% | -0.3% |
INSTANT VIEW−NZ economy falls into recession, rates seen down (Thomson Financial News)
New Zealand's fell into recession for the first time in more than a decade, hit by drought, a weak housing sector and slower consumer demand, backing expectations of more interest−rate cuts this year. Gross domestic product fell a seasonally adjusted 0.2 percent in the second quarter, following a 0.3 percent drop in the first.
[ Full Story ]- Read the Gross Domestic Product report at Statistics New Zealand
- NZ dollar gains on weak USD, GDP data; bonds ease (Thomson Financial News)
- UPDATE 2−NZ slips into recession as global crisis deepens (Thomson Financial News)
- NZ dollar gains on GDP data, bonds lower (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 26 | 06:00 | DE | Import Price Index (MoM) (Aug) | -0.8% | -1.0% | 0.6% |
| 06:00 | DE | Import Price Index (YoY) (Aug) | 9.3% | 9.3% | ||
| 08:19 | DE | Consumer Price Index (MoM) (Sep)  | -0.2% | -0.3% | ||
| 08:19 | DE | Consumer Price Index (YoY) (Sep) | 2.8% | 3.1% | ||
| 09:30 | CH | KOF Leading Indicator (Sep) | 0.55 | 0.68 | ||
| 12:30 | US | Gross Domestic Product Annualized (2Q) | 3.3% | 0.9% | ||
| 12:30 | US | Gross Domestic Purchases Price Index (2Q) | 1.2% | 3.5% | ||
| 12:30 | US | Personal Consumption Expenditure (QoQ) (2Q) | 1.7% | 1.5% | ||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Sep) | 71 | 63 | ||
| Sep 28 | 22:45 | NZ | Trade Balance (Aug) | -781M | ||