Thursday, Sep 20, 11:07 GMT
U.S. Trading Newsletter
To Get Started
- NEW Webinars Video - Access now Educational Sessions Recordings
- The Brokers (re) Evolution: InterbankFX's Chairman and President answers to the second Open Letter to Top FX Industry CEO's
- Forex Chat Room: Share your trading ideas and comments with fellow traders
- FXstreet.com 1st International Traders Conference - Come and meet our renowned Speakers
- Monthly Webinar on Thursday 20th: 3 hours of Live Education with Sam Seiden
- New visits all-time high at FXstreet.com!! Check it out at the CEO's Blog
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.
Live Sessions Schedule
MONTHLY WEBINAR: Translating Floor Trading Emotion into Profitable Screen Based ForexTrading − Part 1
Expert: Sam Seiden
Start: Thu, Sep 20, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
MONTHLY WEBINAR: Translating Floor Trading Emotion into Profitable Screen Based ForexTrading − Part 2
Expert: Sam Seiden
Start: Thu, Sep 20, 14:30 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 20, 13:00 GMT | MONTHLY WEBINAR: Translating Floor Trading Emotion into Profitable Screen Based ForexTrading − Part 1 | Sam Seiden | WBN | |
| Thu, Sep 20, 14:30 GMT | MONTHLY WEBINAR: Translating Floor Trading Emotion into Profitable Screen Based ForexTrading − Part 2  | Sam Seiden | WBN | |
| Fri, Sep 21, 10:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN |  |
| Fri, Sep 21, 11:00 GMT | The Contest Webinar | Raghee Horner | WBN | |
Current Session: Europe − U.S.
EUR/USD
EUR/USD Daily Outlook − EUR/USD daily outlook by AceTrader
Euro's retreat after intra−day rally to 1.4066 suggests a temp. top is made n consolidation below there wud be seen b4 U.S. opening, however, as long as 1.4010 holds, bullishness remains for recent up− move to resume twd 1.4080.
- At the Open. 1.4050 prints. by Tony Juste
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Weekly Update − America's currency remained on the defensive throughout last week by Union Bank of California
Daily Analysis − The Dollar Gained On Economic Recovery Expectation by Finotec Group Inc.
Special Focus − AUDUSD: Trades Above Key Technical Levels by FXTechstrategy
Majors at a Glance
- EUR/USD
- Trades around third resistant level 1.4033
09/20/2007 11:02 GMT - GBP/USD
- Continues to trade above pivot level 2.0043
09/20/2007 11:02 GMT - USD/CHF
- Continues to move down below third support level 1.1713
09/20/2007 11:02 GMT - USD/JPY
- Trades around second support level 115.36
09/20/2007 11:02 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Sep 20 | 14:00 | Leading Indicators (MoM) | -0.1% | 0.4% |
US economic indicators - FOMC is likely to lower the fed funds rate for the first time since June 2003 by BHF−Bank
Leading indicators rebounded temporarily in July, but are likely to have suffered a major setback in August: Consumer expectations, jobless claims, the stock market and faster deliveries will have been the major negative contributors, probably causing leading indicators to fall by 0.6% mom.
[ Full Story ]- Ahead of the Bell: Leading Indicators (Thomson Financial News)
Top Market Movers Review
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 20 | 10:00 | CBI Distributive Trades Survey − Realized | 17 | - | 15 |
UPDATE: UK CBI: Sep Indus Output Balance +17 Vs Aug +13 (Dow Jones)
British industrial sector is growing at a robust pace as the latest industrial output survey released by the Confederation of British Industry has beaten the market's expectations, showing no impact from financial crisis.
[ Full Story ]- Read the Manufacturing remains robust despite financial market turbulence at CBI
- UK Sept manufacturing output volumes rise despite market turmoil − CBI (Thomson Financial News)
- UK CBI Industrial output increases to +17 in September from + 13 in August (FXstreet.com)
- DATA SNAP: UK CBI: Sep Indus Output Balance +17 Vs Aug +13 (Dow Jones)
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 20 | 08:30 | Retail Sales (YoY) | 4.9% | 4.0% | 4.4% |
| Sep 20 | 08:30 | Retail Sales (MoM) | 0.6% | 0% | 0.7% |
UK retail sales increase larger than expected in August (FXstreet.com)
Consumer spending seems to remain in good shape in the United Kingdom, despite the recent financial crisis, as retail sales have increased at a pace similar to the previous month, instead of remaining flat, as the analysts had advanced.
[ Full Story ]- Read the Underlying growth in retail sales remains firm report at National Statistics
- Forex − Pound picks up on stronger−than−expected UK retail sales data (Thomson Financial News)
- UK August retail sales grow strongly, but still driven by discounts (Thomson Financial News)
- DATA SNAP: UK Retail Sales Stronger Than Expected In August (Dow Jones)
Friday Notes - The US growth motor is not stalling by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 20 | 08:30 | UK | M4 Money Supply (MoM) (Aug)  | 1.2% | 0.8% | 1.0% |
| 08:30 | UK | M4 Money Supply (YoY) (Aug) | 13.5% | 12.9% | 13.0% | |
| 08:30 | UK | M4 Sterling Lending (Aug) | £23.0B | £15.1 | £25.3B | |
| 08:30 | UK | Retail Sales (MoM) (Aug) | 0.6% | 0% | 0.7% | |
| 08:30 | UK | Retail Sales (YoY) (Aug) | 4.9% | 4.0% | 4.4% | |
| 10:00 | UK | CBI Distributive Trades Survey − Realized (Sep) | 17 | 15 | ||
| 12:30 | EMU | ECB's Trichet Speaks | ||||
| 12:30 | US | Initial Jobless Claims (Sep 15) | 325K | 319K | ||
| 14:00 | US | Fed's Bernanke Speaks | ||||
| 14:00 | US | Leading Indicators (MoM) (Aug) | -0.1% | 0.4% | ||