Tuesday, Sep 29, 07:34 GMT
EUROPEAN Trading Newsletter
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International Traders Conference
REGISTER DEADLINE IS VERY CLOSE!
Rob Booker, James Chen, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi, Andrei Pehar and Valeria Bednarik will be in Barcelona for FXstreet.com's conference... They will LIVE TRADE next to you!
Don't miss it! Deadline to register is OCTOBER 2nd!
Visit our website and 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: London Session Scenarios on GBPUSD & GBPJPY by Mihai Marinescu
- All the events of the day in our Economic Calendar
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Forex Blogs
The Disciplined Trader: Time for a look at the USD Index by Pierre Charlebois
Last week market the first time volaitlity turned the conner and stopped decending and and daily moves were greater than the last 100 day average. Volatility tipicaly increases at pivot points and break−outs. At this point because we have struck and reversed of the decending trend−line I would expect the probability of another thrust lower in the coming days.
FX Market Readings: Asian session: Live market analysis on 29th Sep by Dr. S. Sivaraman
FxBootcamp: FOREX VIDEO - Pre London Outlook September 29th 2009 by David R Pegler
Sponsored by 
Live Sessions Schedule
London Session Scenarios on GBPUSD & GBPJPY
Expert: Mihai Marinescu
Start: Tue, Sep 29, 08:00 GMT
Type of Session: Webinar
Getting ready to trade October
Expert: Adam Rosen
Start: Tue, Sep 29, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 29, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN |  |
| Tue, Sep 29, 13:00 GMT | Getting ready to trade October | Adam Rosen | WBN | |
| Tue, Sep 29, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Sep 29, 15:00 GMT | Unlocking the Forex broker selection confusion | Javier Paz | WBN | |
Current Session: Europe
USD/JPY: Prices will hold above its low at 88.23 today and probably all week
Mizuho Corporate Bank − A massive ‘hammer' candle yesterday suggests prices will hold above its low at 88.23 today and probably all week. This morning the corrective bounce has been capped by the 9−day moving average at 90.39 and we may hover around here for much of today. Rallies towards 91.50 are seen as medium term selling opportunities for an eventual test of January's low at 87.10.
EUR/USD
Euro Short Term Bearish Target at 1.4450 by DailyFX
The US dollar rally continues and evidence continues to mount that the recent US dollar low is significant. A short term EURUSD bearish target is 1.4450.
GBP/USD
GBP USD is in an downtrend directed by 1H exponential moving averages by Mataf.net
GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration.
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 GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Cons. | Previous | |
| Sep 29 | 08:30 | Gross Domestic Product (YoY) | -5.4% | -5.6% |
| Sep 29 | 08:30 | Gross Domestic Product (QoQ) | -0.6% | -2.4% |
EMU CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 29 | 09:00 | Consumer Confidence | -21 | -22 |
| Sep 29 | 09:00 | Industrial Confidence | -24 | -26 |
| Sep 29 | 09:00 | Economic Confidence | 82.5 | 80.6 |
EMU economic indicators - EMU industrial confidence and economic sentiment (September): up by BHF−Bank
Italian business confidence will probably have continued improving in September, but not as much as before. The same goes for EMU economic sentiment and industrial confidence in September, as the corresponding national figures have sent mixed signals so far.
[ Full Story ]Friday Notes - EMU, Economic Confidence: Getting close to the expansionary threshold by UniCredit Group
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 29 | 14:00 | Consumer Confidence | 57.0 | 54.1 |
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 30 | 12:15 | ADP Employment Change | -194K | -298K |
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Oct 1 | 14:00 | ISM Manufacturing | 53.9 | 52.9 |
Weekly Focus - US ISM and employment data is the main event next week by Danske Bank A/S
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 2 | 12:30 | Nonfarm Payrolls | -188K | -216K |
Friday Notes - Monthly employment report: Still not out of the woods by UniCredit Group
As the recession ended and production keeps rising, the number of job losses has declined appreciably. The ongoing downward trend in initial jobless claims corroborates that, in particular, the pace of layoffs is slowing down.
[ Full Story ]Weekly Focus - US ISM and employment data is the main event next week by Danske Bank A/S
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 29 | 03:00 | NZ | M3 Money Supply (YoY) (Aug) | 3.5% | 3.8% | |
| 06:00 | DE | Import Price Index (MoM) (Aug) | 1.3% | 0.8% | -0.9% | |
| 06:00 | DE | Import Price Index (YoY) (Aug) | -10.9% | -11.5% | -12.6% | |
| 06:00 | CH | UBS Consumption Indicator (Aug) | 0.66 | 0.75 |
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| 08:30 | UK | Consumer Credit (Aug) | £0.1B | |||
| 08:30 | UK | Current Account (2Q) | -£7.7B | -£8.5B | ||
| 08:30 | UK | Gross Domestic Product (QoQ) (2Q) | -0.6% | -2.4% | ||
| 08:30 | UK | Gross Domestic Product (YoY) (2Q) | -5.4% | -5.6% | ||
| 08:30 | UK | M4 Money Supply (MoM) (Aug) | 1.3% | |||
| 08:30 | UK | M4 Money Supply (YoY) (Aug) | 14.4% | |||
Educational Resources
Featured Educator: Valeria Bednarik
Valeria Bednarik has been an active Forex trader for the last 5 years, specializing in the International Foreign Exchange Market. She'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 her author's page to know more about her and her contributions!
Related Resources
Trading Day's Live Wrap Up Live Session at 22:30 GMT Tuesday,29 Sep.- Register Here
Key Speaker at the ITC 09 Barcelona on October 14-16 - Register deadline is October 2nd!