Wednesday, Sep 16, 07:34 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: New NFA Regulations: How Currency Trading Will Be Affected by Rob Booker
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: EUR/JPY − 131.00 Support Bounce by James Chen
Price action on EUR/JPY, a daily chart of which is shown, has just made yet another pronounced bounce up off the highly significant 131.00 support level, which has served both as support and as resistance on numerous occasions in the past.
FX Market Readings: Mid US session handling crosses by Dr. S. Sivaraman
The Disciplined Trader: More technical ananlysis on EUR/USD using candles by Pierre Charlebois
Sponsored by 
Live Sessions Schedule
London Session Scenarios on GBPUSD & GBPJPY
Expert: Mihai Marinescu
Start: Wed, Sep 16, 08:00 GMT
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Sep 16, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 16, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN |  |
| Wed, Sep 16, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Sep 16, 10:00 GMT | Money Management and Scenario Analysis | Phil Newton | WBN |  |
| Wed, Sep 16, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
Current Session: Europe
Sustained break above 1.6750 will kick−start a squeeze to 1.6800
Mizuho Corporate Bank − Struggling badly with the daily Ichimoku ‘cloud' as sterling is the worst performing currency except the US dollar. Allow for more hesitation inside the ‘cloud' today, noting that only a sustained break above 1.6750 will kick−start a squeeze to 1.6800, and eventually a rally through this year's high at 1.7044.
GBP/AUD
AUD is the Strongest Cross and GBP is the Weakest Cross by Precise Trader
The Hourly Trend is Sideways Down while 19170 level holds. AUD is the Strongest Cross and GBP is the Weakest Cross now during Asian Session .The Hourly Oscillators are Bearish but Oversold but ADX is Rising.
USD/JPY
The price should continue to move in 90,20 / 91,65 by Mataf.net
ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should continue to move in 90,20 / 91,65
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 CLAIMANT COUNT RATE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 16 | 08:30 | Claimant Count Rate | 5.0% | 4.9% |
| Sep 16 | 08:30 | Jobless Claims Change | 24.8K | 24.9K |
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Sep 16 | 09:00 | Consumer Price Index (MoM) | 0.3% | -0.7% |
| Sep 16 | 09:00 | Consumer Price Index − Core (YoY) | 1.2% | 1.3% |
| Sep 16 | 09:00 | Consumer Price Index (YoY) | -0.2% | -0.7% |
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
[ 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% |
Top Market Movers Review
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 15 | 12:30 | Retail Sales ex Autos (MoM) | 1.1% | 0.4% | -0.5% |
| Sep 15 | 12:30 | Retail Sales (MoM) | 2.7% | 1.7% | -0.2% |
US: Retail Sales Jumped Higher in August by Wells Fargo Investments, LLC
Retailers turned in a surprisingly strong month in August; sales were up 2.7 percent. Even excluding the cash−for−clunkers−fueled results at auto dealers, sales rose 1.1 percent, the best gain since February.
[ Full Story ]- Read the Retail Sales data at the Census Bureau
- CURRENCIES: Dollar Gains After Retail Sales, Price Data (Dow Jones)
- CURRENCIES: Dollar Adds To Gain After Retail Sales, Price Data (Dow Jones)
- CURRENCIES: Dollar Adds To Gain After Retail Sales, Price Data (Dow Jones)
Daily Global Commentary - Autos and Non−auto Components Lift Retail Sales in August by Northern Trust
US: Good news on underlying consumption by Danske Bank A/S
FX View - Strength in U.S. retail sales boosts dollar – but for how long? by Interactive Brokers LLC
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 15 | 20:30 | US | API Crude Oil Inventories (Sep 11) | 631K | -7216K | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Sep 13) | -49 | -45 | -48 | |
| Sep 16 | 01:00 | AU | Westpac Leading Index (MoM) (Aug) | -1.1% | 0.9% |
|
| 07:15 | CH | Adjusted Real Retail Sales (YoY) (Jul) | 1.0% | 1.1% | 0.9% | |
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Jul) | 2.5% | |||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Jul) | 2.0% | 2.5% | ||
| 08:30 | UK | Claimant Count Rate (Aug) | 5.0% | 4.9% | ||
| 08:30 | UK | ILO Unemployment Rate (3M) (Jul) | 8.0% | 7.8% | ||
| 08:30 | UK | Jobless Claims Change (Aug) | 24.8K | 24.9K | ||
| 09:00 | EMU | Consumer Price Index − Core (YoY) (Aug) | 1.2% | 1.3% | ||