Monday, Sep 08, 11:15 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: How to profit in today's globalization 3.0 credit bubble economy by John W O'Donnell
- Special coverage: US Treasuries take over Freddie Mac & Fannie Mae
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International Traders Conference 2008 − October 29−31
Don't miss the FX event of the year
This year's topics are Trading Psychology, Emerging Markets Currencies, Hidden Divergence, Risk Management, Range Trading, Support and Resistance, Break Out Trading Strategies and Sentiment Indicators.
And there will be 3 LIVE TRADING sessions coached by our guest speakers!
Book now your seat for the ITC 2008 and Enjoy our LAST CALL OFFER: 550 €
- Speeches Schedule
- Speakers Panel
- Haven't you decided to go yet? − View all 2007 videos
Forex Blogs
Starting the Week
1st on Forex: Scheduled Events Calendar for September 8 − 12 by Jerry Furst
Volatility in the Oil markets will be front and center as Hurricane Ike is expected to enter the Gulf of Mexico Tuesday. This coincides with OPEC's meeting where production cuts are expected to be talked about and possibly implemented. Fannie Mae and Freddie Mac will be the topic of the day Monday.
FX Bootcamp: Weekly Pivot Points by Wayne McDonell
The Disciplined Trader: A Strong Change in Trader sentiment is happening by Pierre Charlebois
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Sep 8, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Sep 8, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 8, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Sep 8, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Sep 8, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Sep 8, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe − U.S.
USD/JPY
Daily Trading Forecast − The Dollar's Weekend Rollercoaster Ride by Swiss e Trade AG
With almost no volatility against the yen, the dollar traded in a tight range in early European trading, between 109.00 and 108.30, and is currently at 108.63. The upside resistance at 109.00 will be hard to take today if tested again. We see a downmove for today, to the 108.00 levels.
- Either way aggressive moves … by Dr. S. Sivaraman, of i−knowindices.com
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Daily Analysis − Yen falls on US Government bailout by Finotec Group Inc.
Weekly Report
Weekly Technical Strategist − EURUSD: EUR Completes The Invalidation Of The 1.4471/1.4366/10 Zone, Turns Focus To The 1.4015 Level by FXTechstrategy
Majors at a Glance
- EUR/USD
- Drops below pivot level 1.4321
09/08/2008 10:04 GMT - GBP/USD
- Drops below pivot level 1.7639
09/08/2008 10:05 GMT - USD/CHF
- Continues to move up above second resistant level 1.1258
09/08/2008 10:06 GMT - USD/JPY
- Continues to trade around first resistant level 107.85
09/08/2008 10:07 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, GFT (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
Germany TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 9 | 06:00 | Trade Balance | 17.8 | 19.7B |
EMU economic indicators - German trade balance is likely to have deteriorated by BHF−Bank
The German trade balance and current account are likely to have deteriorated, as is usually the case in July.
[ Full Story ]Top Market Movers Review
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 8 | 08:30 | Producer Price Index − Output (MoM) n.s.a | -0.6% | 0.0% | 0.4% |
| Sep 8 | 08:30 | Producer Price Index − Output (YoY) n.s.a | 9.7% | 10.0% | 10.2% |
| Sep 8 | 08:30 | Producer Price Index − Input (YoY) n.s.a | 26.2% | 29.2% | 30.1% |
| Sep 8 | 08:30 | Producer Price Index − Input (MoM) s.a | -2.0% | -1.2% | -0.6% |
UK Aug PPI output prices post record monthly fall (Thomson Financial News)
British manufacturing output prices fell in August at their sharpest monthly rate since records began in 1986 because of lower petrol and scrap metal prices, in a sign that factory gate inflation may have peaked.
[ Full Story ]- Producer prices − August 2008 at Office for National Statistics
- UPDATE: UK August Producer Prices Post Record Monthly Drop (Dow Jones)
- TABLE−UK Aug producer prices weaker than expected (Thomson Financial News)
- UK PPI growth eased in August (FXstreet.com)
Weekly Market View - Unwinding Carry Trades Roil the Markets by FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 8 | 05:45 | CH | Unemployment Rate s.a. (Aug) | 2.5% | 2.5% | |
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (Aug) | -2.0% | -1.2% | -0.6% | |
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Aug) | 26.2% | 29.2% | 30.1% | |
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Aug) | -0.6% | 0.0% | 0.4% | |
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (Aug) | 9.7% | 10.0% | 10.2% | |
| 08:30 | EMU | Sentix Investor Confidence (Sep) | -20.2 | -18.4 | -15.3 | |
| 12:30 | CA | Building Permits (MoM) (Jul) | -1.0% | -5.5% | ||
| 17:30 | US | Fed's Fisher's speech | ||||
| 19:00 | US | Consumer Credit (Jul) | $8.6B | $14.3B | ||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Aug) | -1.3% | -0.9% | ||