Wednesday, Sep 23, 07:17 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
- Use our brand new performance table! See ranges for main pairs in % or pips from 5 min to YTD. Go Now!
- WEBINAR VIDEOS: FX Market Pulse by Raghee Horner
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Moves before FOMC rate decision time by Dr. S. Sivaraman
EURO and GBP made the rise and holding high with nominal swings during yesterday US session.They were expected to make brief upward stop hunt during japanese session start and the same is seen.They are expected to swing during rest of Japanese session.
The Disciplined Trader: EUR/USD looking for a terminus by Pierre Charlebois
Chartology: EUR/USD 60min Wedge Reversal to Swing by Raghee Horner
Sponsored by 
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Sep 23, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Sep 23, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 23, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Sep 23, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Sep 23, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Sep 23, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
New high for this year at 1.4843
Mizuho Corporate Bank − A mess around midnight London time took the Euro to a new high for this year at 1.4843 (Kiwi leading the way higher). The 9−day moving average limited the downside yesterday and will hopefully do so again today. Note that we are witnessing generalised US dollar weakness rather than Euro gains.
GBP/USD
Cable saw a sharp uptrend from 1.6310 level by ForexYard
Ever since bottoming at the 1.6130 level, the cable saw a sharp uptrend, and has recently breached through the 1.6400 level.
USD/JPY
USD/JPY pair is attempting to breach the 90.70 support level by ecPulse.com
The USD/JPY pair is attempting to breach the support level pointed out yesterday, which has shifted to 90.70 as it may result in a decline today if the pair manages to close below the level on the four hour charts
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Sep 23 | 08:00 | Purchasing Manager Index Services | 50.5 | 49.9 |
| Sep 23 | 08:00 | Purchasing Manager Index Manufacturing | 49.8 | 48.2 |
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% | 0.25% |
FOMC: preview of policy meeting by Danske Bank A/S
Economic data have continued to improve and we believe that this will be noted in the FOMC statement. Inflation pressures on the other hand remain subdued.
[ Full Story ]- Asian markets decline ahead of FOMC; Euro and Pound consolidate gains (FXstreet.com)
- Asian Shares End Mixed; Caution Ahead Of Fed, G−20 Meetings (Dow Jones)
Daily Forex Outlook - USD Crumbles ahead of FOMC by Easy Forex
Daily Global Commentary - FOMC Policy Statement − Preview by Northern Trust
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 24 | 14:00 | Existing Home Sales (MoM) | 2.1% | 7.2% |
| Sep 24 | 14:00 | Existing Home Sales | 5.35M | 5.24M |
US G20 MEETING
| Date (GMT) | Event | Cons. | Previous | |
| Sep 25 | 00:00 | G20 Meeting | - | - |
Daily FX Market Commentary - G20 meeting in Pittsburgh this week by Danske Bank A/S
World Bank president Robert Zoellick urges leaders of the G−20 at the Pittsburgh−meeting held this week (see home page) to set "an ambitious agenda for responsible globalisation.."
[ Full Story ]- Asian market mixed, caution dominates ahead of Fed, G−20; Euro and Yen bounce up (FXstreet.com)
- Asian Shares Mixed; Caution Before Fed, G−20 Meetings (Dow Jones)
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Sep 25 | 12:30 | Durable Goods Orders ex Transportation | 0.8% | 0.8% |
| Sep 25 | 12:30 | Durable Goods Orders | 0.3% | 4.9% |
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 22 | 14:00 | US | Housing Price Index (MoM) (Jul) | 0.3% | 0.5% | 0.1% |
| 14:00 | US | Richmond Fed Manufacturing Index (Sep) | 14 | 16 | 14 | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Sep 20) | -46 | -49 | ||
| 22:45 | NZ | Gross Domestic Product (QoQ) (2Q) | 0.1% | -0.2% | -0.8% |
|
| Sep 23 | n/a | DE | Purchasing Manager Index Manufacturing (Sep)  | 51.0 | 49.2 | |
| n/a | DE | Purchasing Manager Index Services (Sep) | 54.0 | 53.8 | ||
| n/a | EMU | Purchasing Manager Index Manufacturing (Sep) | 49.8 | 48.2 | ||
| n/a | EMU | Purchasing Manager Index Services (Sep) | 50.5 | 49.9 | ||
| 08:30 | UK | Bank of England Minutes | ||||
| 08:30 | UK | BBA Mortgage Approvals (Aug) | 41.10K | 38.18K | ||
Educational Resources
Featured Educator: Kim Cramer Larsson
Kim Cramer Larsson has 19 years in the financial industry and 12 years experience in working with technical analysis. 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!
Related Resources
Today's Trading Signals - The most viewed report of FXstreet.com
Key Speaker at the ITC 09 Barcelona on October 14-16 - Register deadline is October 2nd!