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EUROPEAN Trading Newsletter
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International Traders Conference
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This year's key speakers panel: Valeria Bednarik, Rob Booker, James Chen, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi and Andrei Pehar.
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To Get Started
- WEBINAR VIDEOS: Economic and Technical View of the Currency Market by Rob Booker
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Expected market moves for week end by Dr. S. Sivaraman
EURO and GBP made the rise towards close of US session after volatile moves. They opened nominally higher for Japanese session and attracting short covering during early session for the week end.
Chartology: USD/JPY Under 92.00 Major Psychological Level by Raghee Horner
The Day Job Trader: GBP/USD rallies, $1.66 to hold support? by Ryan O'Keefe
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Live Sessions Schedule
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Sep 11, 15:00 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Sep 14, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 11, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN |  |
| Fri, Sep 11, 09:00 GMT | Trading the Harmonic patterns  | Sunil Mangwani | WBN |  |
| Fri, Sep 11, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Fri, Sep 11, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
Current Session: Europe
Currency Majors Technical Perspective
FXstreet.com Independent Analyst Team − EUR/USD Current Price: 1.4578. Having reached a fresh 9 months high at 1.4614, pair retreated to hold above the 1.4550 support zone. With indicators quite flat in the hourly, yet showing some bearish divergences in 4 hours time frames, pair needs to break under that level, to extend the downside correction to 1.4505, yesterday's low. 20 SMA in the hourly is holding the downside yet turned flat. Above 1.4620, expect the pair to regain bullish momentum mostly due to risk appetite, and rising gold and stocks. Support levels: 1.4550 1.4520 1.4480. Resistance levels: 1.4620 1.4660 1.4720.
EUR/USD
EUR: Buy at 1.4620, adding to 1.4500; stop well below 1.4450 by Mizuho Corporate Bank
This week's fifth best performing currency (Swedish krona's top dog) posting a new high for this year at 1.4622 (and hard to believe we started the week at 1.4290).
USD/JPY
The Best Cross to Trade now − GBP/USD by Easy Forex
We prefer to LONG near 16680 with a STOP @ 16610 with a profit target of 16760−16860 levels. If the pullback is not seen and the price hits our target first then we let go this trade as it has reached...
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Review
Japan GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 23:50 | Gross Domestic Product (QoQ) | 0.6% | - | 0.9% |
Japan Apr−Jun Revised Real GDP +0.6% Q/Q; Prelim +0.9% (Dow Jones)
The Japanese economy expanded less than initially reported in the April−June quarter due to a downward revision in capital expenditure, the government said Friday. The country's gross domestic product rose a price−adjusted 0.6% on quarter, or 2.3% in annualized terms, revised GDP data released by the Cabinet Office showed.
[ Full Story ]- Read the GDP data at ESRI
- Japanese Q2 GDP +0.6% QoQ versus expectations +0.9% (Forex Live)
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% | 0.5% |
Top Fundamental Stories - Bank of England holds interest rate unchanged for the sixth month by ecPulse.com
Policy makers at the Bank of England (BoE) opted to keep their key interest rate at its record low of 0.5%. The announced rate came analogous to both median expectations and August's rate.
[ Full Story ]- Read the official statement at BoE
- Forex: GBP/USD breaks 1.6600 resistance after BoE statement (FXstreet.com)
- Forex: GBP/JPY rises to test 152.90 resistance after BoE decision (FXstreet.com)
- Forex: EUR/GBP drops to 0.8750 after BoE rate decision (FXstreet.com)
US Morning Notes - GBP higher, BOE leaves rates and QE unchanged by Easy Forex
Daily World Market Update - Bank of England Preview by World First UK Ltd
Top Fundamental Stories - Europe Ahead: Bank of England will hold interest rate at 0.5% and Asset Purchase Program at 175 billion pounds by ecPulse.com
Australia CONSUMER INFLATION EXPECTATION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 01:00 | Consumer Inflation Expectation | 3.5% | - | 3.5% |
Australian Inflation Expectations Unchanged At +3.5% In Sep (Dow Jones)
[ Full Story ]- Read the Inflation data at Melbourne Institute
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 11 | 05:00 | JP | Consumer Confidence (Aug) | 40.4 | 39.7 | |
| 05:00 | JP | Consumer Confidence Households (Aug) | 40.1 | 39.4 | ||
| n/a | DE | Wholesale Price Index (YoY) (Aug) | 8.3% | -10.6% | ||
| n/a | DE | Wholesale Price Index (MoM) (Aug) | 0.7% | -0.5% | ||
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (Aug) | -1.4% | |||
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Aug) | -12.2% | |||
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Aug) | 0.3% | |||
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (Aug) | -1.3% | |||
| 12:30 | US | Import Price Index (MoM) (Aug) | -0.7% | |||
| 12:30 | US | Import Price Index (YoY) (Aug) | -19.3% | |||