Thursday, Sep 17, 07:30 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: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Expected market moves for today by Dr. S. Sivaraman
EURO and GBP made nominal firming up move during late Japanese session to dip during gap time and firm up to high during early European session to slide slowly during rest of European session.from 12;00 −13:00 GMT they are expected to slide and drop as market surprise for US session.
Chartology: USD/CHF: Looking at two time frames for set ups by Raghee Horner
The Disciplined Trader: EUR/USD moves up as 4 hour candles forcasted by Pierre Charlebois
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Sep 17, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Sep 17, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 17, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Sep 17, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Sep 17, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Fri, Sep 18, 09:00 GMT | Trading the Harmonic patterns | Sunil Mangwani | WBN |  |
Current Session: Europe
EUR/USD: (1.4732) New recovery high above channel from 1.3832
KBC Bank − New recovery high above channel off 1.3832 (see graph), above the inverted channel top off June low (1.4670 today) and trying to extend above 1.4719 (Dec 18 2008 high + neckline of massive daily Double Bottom).
Support area at 1.4670/ .4658 (daily envelope bottom + see above/ daily Short Term Moving Average↑), with next levels at 1.4621 (break−up hourly): ideal area to stay above to keep current short term mood on €..
GBP/USD
Dollar Remains Pressured − Pound Patterns Warn of Reversal by Easy Forex
On the daily, a potential head and shoulders top is evident (although the pattern can not be confirmed until price breaks below the neckline − which is near 1.6200).
USD/JPY
Daily ForexSto (Modified Stochastic) indicate a bearish pressure by Mataf.net
ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis, KBC, Mataf.net, Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 17 | 08:30 | Retail Sales (MoM) | 0.3% | 0.4% |
| Sep 17 | 08:30 | Retail Sales (YoY) | 2.8% | 3.3% |
Switzerland SNB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 17 | 12:00 | SNB Interest Rate Decision | 0.25% | 0.25% |
US HOUSING STARTS
| Date (GMT) | Event | Cons. | Previous | |
| Sep 17 | 12:30 | Housing Starts (YoY) | 0.59M | 0.58M |
US economic indicators - Housing starts (August): continuing to stabilise by BHF−Bank
Despite the modest upward trend in the NAHB index, housing starts fell by 1% mom in July. However, singlefamily starts continued to rise for the fifth consecutive month. We predict that housing starts will have gone up by 3.3% to at least 600k in August. Building permits, which had also fallen back in July, are likely to have increased too, from 560k to 580k.
[ Full Story ]Top Market Movers Review
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 17 | 04:00 | BoJ Interest Rate Decision | 0.1% | 0.1% | 0.1% |
- Read the Rate data at Bank of Japan
- BOJ leave rates unchanged (Forex Live)
Top Fundamental Stories - The BOJ kept interest rates at 0.10% and raised its assessment for the economy by ecPulse.com
Asia Market Update - BOJ raises assessment after strong industrial sector data by TradeTheNews.com
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 16 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.1% | 0.1% | 0.1% |
| Sep 16 | 12:30 | Consumer Price Index (YoY) | -1.5% | -1.7% | -2.1% |
| Sep 16 | 12:30 | Consumer Price Index (MoM) | 0.4% | 0.4% | 0.0% |
| Sep 16 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.4% | 1.4% | 1.5% |
Top Fundamental Stories - CPI Increases more than Estimates in August, as Housing, Food, and Transportation Prices Rise! by ecPulse.com
[ Full Story ]- Read the CPI data at Labor Department
- Summary Of U.S. Consumer Price Data From Labor Dept (Dow Jones)
- DATA SNAP: US CPI Rises On Energy Prices, Core Up Slightly (Dow Jones)
- U.S. CPI grows 0.4% on energy prices; Dollar edges up (FXstreet.com)
Daily Global Commentary - The Energy Price Index Lifts Consumer Price Index in August by Northern Trust
Top Fundamental Stories - Further economic enhancement expected to be witnessed in the U.S throughout today's news… by ecPulse.com
The Week Ahead - Business Inventories, CPI, IP, Retail Sales and Housing Starts by BBVA Bancomer
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)
KBC News Picks - US: Retail sales show biggest increase since January 2006 by KBC Bank
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
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 16 | 23:50 | JP | BSI Large Manufacturing (QoQ) (3Q) | 15.5 | -11.4 | -13.2 |
| 23:50 | JP | Tertiary Industry Index (MoM) (Jul) | 0.6% | 0.6% | 0.2% |
|
| Sep 17 | 01:30 | AU | RBA Foreign Exchange Transaction (Aug) | 576M | 705M | |
| 04:00 | JP | BoJ Interest Rate Decision | 0.1% | 0.1% | 0.1% | |
| 08:30 | UK | Retail Sales (MoM) (Aug) | 0.3% | 0.4% | ||
| 08:30 | UK | Retail Sales (YoY) (Aug) | 2.8% | 3.3% | ||
| 09:00 | EMU | Construction Output s.a (MoM) (Jul) | -1.1% | |||
| 09:00 | EMU | Construction Output w.d.a (YoY) (Jul) | -8.8% | |||
| 09:00 | EMU | Trade Balance n.s.a. (Jul) | €6.4B | €4.6B | ||
| 09:00 | EMU | Trade Balance s.a. (Jul) | €1.2B | €1.0B | ||
Educational Resources
This week Sam Seiden will argue that within the pages of Principia Mathmatica by Isaac Newton lie the most key ingredients of a successful plan for speculating in markets. Read whole Sam Seiden's article!
Other articles of this week's Lessons from the Pros
It's All In Your Head... - Article by Sam Evans
Real Estate: Its History and Cycles - Article by Diana Hill
Naked Chart Reading and Option Trading - Article by Josip Causic
One Year Removed - Article by Gabe Velazquez