Tuesday, Sep 09, 11:19 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
Recommended Readings
FX Market Readings: Participate in the Open discussion about expected moves by Dr. S. Sivaraman
EURO and GBP made the expected firming up move from late Japanese session. After the drop it is easy to say the rise was sell opportunity. Now the rise has happened. I want the viewers making comments to comment now whether EURO and GBP will fall or rise.
The Advisor Blog: Non stop by Valeria Bednarik
The Trader's Edge: USD − Long term buy against the Canadian? by Ross Yamashita
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Sep 9, 14:00 GMT
Type of Session: Webinar
Longer−term Support and Resistance Trading: Setups and Rules
Expert: Rob Booker
Start: Tue, Sep 9, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 9, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Sep 9, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN |  |
| Tue, Sep 9, 16:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN | |
| Tue, Sep 9, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Forex Technical Analysis on Majors − EUR/USD is in а downtrend from 1.6039 by www.deltastock.com
EUR/USD is in а downtrend from 1.6039 (15 July 2008). Technical indicators are descending and trading is situated below the 50− and 200−Day SMA, currently projected at 1.5256 and 1.5220.
Yesterday's break below the crucial support at 1.4224 has rejected our idea, that a more significant bottom is in place at 1.4192, so now the downtrend is renewed, with current target at 1.3901. We still hold on to our view, that current sell−off from 1.4811 is the last wave of the slide from 1.6039, but only above 1.4428 this outlook will be confirmed.
Today's strategy: Stand aside.
- Expected 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 Trading Forecast − Dollar Enthusiasm Waning by Swiss e Trade AG
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades below pivot level 1.4203
09/09/2008 10:03 GMT - GBP/USD
- Trades below pivot level 1.7675
09/09/2008 10:05 GMT - USD/CHF
- Trades around pivot level 1.1272
09/09/2008 10:05 GMT - USD/JPY
- Trades below pivot level 108.37
09/09/2008 10:06 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
US PENDING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 9 | 14:00 | Pending Home Sales (MoM) | -1.3% | 5.3% |
Weekly Market View - In the U.S. Pending Home Sales is a remarkable event to monitor by FXstreet.com
The currency markets seem poised to retrace some of the US Dollars recent gains − but the trend is with the US Dollar as larger geo−political issues are taking place off most people radar screens.
[ Full Story ]Top Market Movers Review
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 9 | 08:30 | Industrial Production (MoM) | -0.4% | -0.1% | -0.1% |
| Sep 9 | 08:30 | Manufacturing Production (MoM) | -0.2% | -0.1% | -0.5% |
| Sep 9 | 08:30 | Industrial Production (YoY) | -1.5% | -1.4% | -1.7% |
| Sep 9 | 08:30 | Manufacturing Production (YoY) | -1.4% | -1.1% | -1.3% |
UK Mfg Output, Industrial Production Fall Again In July (Dow Jones)
U.K. manufacturing output and industrial production declined again in July, raising the prospect that the U.K. economy could contract in the third quarter. Figures released by the Office for National Statistics Tuesday showed manufacturing output fell 0.4% on the month in July and 1.4% on the year.
[ Full Story ]- Index of production − July 2008 at National Statistics
- UK July manufacturing output down 0.4 pct mth−on−mth; down 1.4 pct yr−on−yr (Thomson Financial News)
- UPDATE 1−UK factory output shrinks for fifth month (Thomson Financial News)
- UPDATE: UK Mfg Output, Indus Production Fall Again In July (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 9 | 06:00 | JP | Machine Tool Orders (YoY) (Aug) | -14.2% | -2.5% | |
| 06:00 | DE | Trade Balance (Jul) | 13.9 | 17.8 | 19.9B |
|
| 08:30 | UK | Industrial Production (MoM) (Jul) | -0.4% | -0.1% | -0.1% |
|
| 08:30 | UK | Industrial Production (YoY) (Jul) | -1.5% | -1.4% | -1.7% |
|
| 08:30 | UK | Manufacturing Production (MoM) (Jul) | -0.2% | -0.1% | -0.5% | |
| 08:30 | UK | Manufacturing Production (YoY) (Jul) | -1.4% | -1.1% | -1.3% | |
| 12:15 | CA | Housing Starts s.a (YoY) (Aug) | 190.0K | 186.5K | ||
| 13:00 | US | Fed's Bernanke Speech | ||||
| 14:00 | US | Pending Home Sales (MoM) (Jul) | -1.3% | 5.3% | ||
| 14:00 | US | Wholesale Inventories (Jul) | 0.6% | 1.1% | ||