Monday, Sep 21, 07:39 GMT
EUROPEAN Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
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
- Use our brand new performance table! See ranges for main pairs in % or pips from 5 min to YTD. Go Now!
- WEBINAR VIDEOS: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
Tech Trading: EUR/USD Top & Reversal? by César B. Leiceaga
Last week's 2009 highs at 1,4770 could possibly act as a medium term top for the euro. Although the main trend still remains bullish, on shorter time frames (1 hour chart) the euro is building lower highs. Combined with different bearish implications that offer larger time frames such as the daily chart with a RSI coming out of overbought conditions and divergent with December highs makes me a dollar bull for the coming weeks.
1st on Forex: Pound Poised for Punishment? Dollar Set for Bounce? by Jerry Furst
FX Path: Gold - Hitting New Highs by James Chen
Sponsored by 
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Sep 21, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Sep 21, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 21, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Sep 21, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Mon, Sep 21, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Sep 21, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe
Moving lower in a corrective looking trend channel. 1.4642
FXstreet.com Independent Analyst Team − We broke the wedge formation (first signaled by the break of the MACD trend line at B) and are moving lower in a corrective looking trend channel. 1.4642 would be the immediate target with a move then back up to 1.4705. Only a good break at 1.4642 would make me think we can see 1.4517 at this early stage
USD/JPY
Dollar rallies to 92.00 in thin volume session by Mizuho Corporate Bank
A three−day public holiday in Japan, and Eid al−Fitr in many others, means thin conditions in Asia so far today have allowed the US dollar to squeeze higher than last week's high (92.01 so far today).
GBP/USD
The downtrend continued to take the pair towards the 100% expansion by ecPulse.com
The downtrend continued to take the pair towards the 100% expansion as seen in the above image yet at the same time we see the pair trading below the key support for the downside channel.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis, KBC, Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
Canada FOREIGN INVESTMENT IN CANADIAN SECURITIES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 21 | 12:30 | Canadian Investment in Foreign Securities | - | -$1.4B |
| Sep 21 | 12:30 | Foreign investment in Canadian securities | $7.76B | $10.51B |
US LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Sep 21 | 14:00 | Leading Indicators (MoM) | 0.8% | 0.6% |
Friday Notes - Leading indicators rose again strongly by UniCredit Group
The Conference Board's Index of Leading Indicators (LEI) rose again strongly in August. Largest contributors were the yield curve, the stock market, vendor deliveries and building permits. Real M2 money supply, in contrast, most likely subtracted from the index.
[ Full Story ]UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 23 | 08:30 | Bank of England Minutes | - | - |
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 23 | 18:15 | Fed Interest Rate Decision | - | 0.25% |
Which central bank will pull the trigger first? by Easy Forex
There appears to be a rift at the Fed over how quickly to hike rates and scale back quantitative ease as the US economy recovers.
[ Full Story ]Live Daily Broadcast - Today's Live Show: The USD, the Fed and G20− What to Expect Next Week? by AllThingsForex
The Overnight Express: North American Edition - Fed Looking to Green Light Pay Packages at 5k Bank Holding Companies by The Overnight Express
Top Market Movers Review
UK RIGHTMOVE HOUSE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 20 | 23:01 | Rightmove House Price Index (MoM) | 0.6% | 0.6% | -2.2% |
| Sep 20 | 23:01 | Rightmove House Price Index (YoY) | -1.5% | - | -3.1% |
UK Rightmove Sep House Price Index +0.6% On Mo, −1.5% On Yr (Dow Jones)
[ Full Story ]- Read the House data at Rightmove
- Improving UK house price data supports GBP (Forex Live)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 20 | 23:01 | UK | Rightmove House Price Index (YoY) (Sep) | -1.5% | -3.1% | |
| Sep 21 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Aug) | 0.3% | -6.9% | |
| 01:30 | AU | New Motor Vehicle Sales (YoY) (Aug) | -6.2% | -10.4% | ||
| 03:00 | NZ | Credit Card Spending (Aug) | 0.1% | -1.9% |
||
| 12:30 | CA | Canadian Investment in Foreign Securities (Jul) | -$1.4B | |||
| 12:30 | CA | Foreign investment in Canadian securities (Jul) | $7.76B | $10.51B | ||
| 14:00 | US | Leading Indicators (MoM) (Aug) | 0.8% | 0.6% | ||
| 22:45 | NZ | Current Account (2Q) | -1.88B | -1.25B | ||
| Sep 22 | 06:15 | CH | Trade Balance (Aug) | 2.03B | 2.35B | |
| 12:30 | CA | Retail Sales (MoM) (Jul) | 0.5% | 1.0% | ||
Educational Resources
New NFA Regulations: How Currency Trading Will Be Affected
How do new regulations which prohibit hedging, restrict stop losses and limit orders, and the so−called "FIFO" rule, affect your trading? In this webinar Rob Booker covers the new rules, some possible new rules, and talk about ways that traders are dealing with the regulations and what you can do, too. See whole Rob Booker's webinar recording!
Related Resources
Facing the New NFA Regulation - Article by Alberto Muñoz
Leverage on focus - Article by John Putman II