Tuesday, Sep 15, 07:41 GMT
EUROPEAN Trading Newsletter
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International Traders Conference
LAST SEATS AVAILABLE!
Don't miss the third edition of FXstreet.com's International Traders Conference (ITC) on October 14-16, 2009 in Barcelona. Live Trading next to the experts.
This year's key speakers panel: Valeria Bednarik, Rob Booker, James Chen, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi and Andrei Pehar.
Limited to 60 seats! Register now!
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
Chartology: How to examine a set up from different angles: GBP/USD Triangle by Raghee Horner
So here are three of my favorite tools I use for trading…ofcourse first and foremost: The price chart! Here I can see the market cycle is heading sideways as my Wave movesat three o'clock. I know that I'll likely be looking for breakouts/breakdowns from support or resistance lines.
Tech Trading: EUR/USD Making new highs by César B. Leiceaga
The Disciplined Trader: Asian session offers possible resistance on EUR/USD by Pierre Charlebois
Sponsored by 
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Sep 15, 14:00 GMT
Type of Session: Webinar
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Sep 15, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 15, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN |  |
| Tue, Sep 15, 12:30 GMT | Which Central Bank is most likely to raise interest rates first?  | Adam Rosen | WBN | |
| Tue, Sep 15, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Sep 15, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
Current Session: Europe
Yen Rise Accelerates − 87.10 In Sight
DailyFX −Keep the long term outlook in perspective − "a 4th triangle ended in 2007 above 124.00 therefore the decline from that level is viewed as a 5th wave that will not be considered complete until price drops to an all−time low (below the 1995 low near 80). The rally earlier this year met former support and rolled over − which increases confidence in the bearish bias.
EUR/USD
The Euro edged up to a new high for the year (1.4654) by Mizuho Corporate Bank
The Euro edged up to a new high for the year (1.4654) and bullish momentum has increased a little. However, because the Euro is overbought and futures open interest is increasing the risk of a shake−out remains.
GBP/USD
Cable was able to trade above the key support for the ascending channel by ecPulse.com
The Cable was able to trade above the key support for the ascending channel, as we expected, after attempting to breach it to the downside; where the pair is currently facing the 1.6630 resistance level which may result in volatility
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 Preview
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Sep 15 | 08:30 | Consumer Price Index (YoY) | 1.4% | 1.8% |
| Sep 15 | 08:30 | Consumer Price Index (MoM) | 0.3% | 0.0% |
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Sep 15 | 09:00 | ZEW Survey − Economic Sentiment | 59.9 | 56.1 |
US RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 15 | 12:30 | Retail Sales ex Autos (MoM) | 0.4% | -0.6% |
| Sep 15 | 12:30 | Retail Sales (MoM) | 1.7% | -0.1% |
Weekly Focus - US retail sales will be the mover of the week by Danske Bank A/S
US retail sales will be the mover of the week. The market is still waiting for signs of a pick−up in consumer demand in the US.
[ Full Story ]The Week Ahead - Business Inventories, CPI, IP, Retail Sales and Housing Starts by BBVA Bancomer
US economic indicators - Retail sales (August): sharp increase due to vehicles by BHF−Bank
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Sep 16 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.1% | 0.1% |
| Sep 16 | 12:30 | Consumer Price Index (YoY) | -1.7% | -2.1% |
| Sep 16 | 12:30 | Consumer Price Index (MoM) | 0.4% | 0.0% |
| Sep 16 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.4% | 1.5% |
The Week Ahead - Business Inventories, CPI, IP, Retail Sales and Housing Starts by BBVA Bancomer
Increases in August energy prices are expected to result in a monthly rise in headline inflation, slowing the index's decline on a year−over−year basis.
[ Full Story ]US economic indicators - PPI & CPI (August): further decline in yearly core inflation rates by BHF−Bank
Switzerland SNB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 17 | 12:00 | SNB Interest Rate Decision | 0.25% | 0.25% |
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 15 | 01:30 | AU | Dwelling Starts (2Q) | -3.7% | 2.0% | -2.1% |
| n/a | JP | Machine Tool Orders (YoY) (Aug) | -71.5% | -72.3% | ||
| 07:15 | CH | Industrial Production (QoQ) (2Q) | 2.7% | 8.0% | -13.1% | |
| 07:15 | CH | Industrial Production (YoY) (2Q) | -14.9% | 10.6% | -9.5% | |
| 08:30 | UK | Consumer Price Index (MoM) (Aug) | 0.3% | 0.0% | ||
| 08:30 | UK | Consumer Price Index (YoY) (Aug) | 1.4% | 1.8% | ||
| 08:30 | UK | Core Consumer Price Index (YoY) (Aug) | 1.6% | 1.8% | ||
| 08:30 | UK | DCLG House Price Index (YoY) (Jul) | -9.5% | -10.7% | ||
| 08:30 | UK | Retail Price Index (MoM) (Aug) | 0.2% | 0.0% | ||
| 08:30 | UK | Retail Price Index (YoY) (Aug) | -1.5% | -1.4% | ||
Educational Resources
Rob Booker is a foreign currency trader, author of Adventures of a Currency Trader and the Currency Trader's Handbook. He's a close contributor of FXstreet.com and will also be Key Speaker at FXstreet.com's International Traders Conference in Barcelona on October 14−16. Check his author's page to know more about him and his contributions!
Economic and Technical View of the Currency Market - Live Webinar on Wed, Sep 16 2009 at 14:00 GMT- Register Here
Purchase FXstreet.com DVD Series - Support and Resistance Trading by Rob Booker and Dave Murphy
International Traders Conference (ITC 09) Barcelona - Mr. Booker will be Key Speaker at the event on October 14-16