Wednesday, Sep 10, 11:14 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
- How to analyze the markets - Whip Inflation Now by The Forex Journal
- Streaming Forex Rates - High−frequency updated data on the top 24 pairs
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.
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 Path: EUR/USD Update − Traversing a Down Channel by James Chen
As of early Tuesday morning, New York session, price on the EUR/USD 4−hour chart, as shown, has been rising within a relatively new parallel downtrend channel. Price just established the bottom boundary of this parallel channel (with a second touch) on Monday.
The Advisor Blog: Other Majors for today by Valeria Bednarik
FX Market Readings: Volatile mid weeks by Dr. S. Sivaraman
Live Sessions Schedule
An Insider's Look at Acuity WorkStation − Live Showroom with the Software's Creator
Expert: Andrei Pehar
Start: Wed, Sep 10, 15:00 GMT
Type of Session: Showroom
| Sponsored by | ||||
| Wed, Sep 10, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Sep 10, 13:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN |  |
| Wed, Sep 10, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Sep 10, 15:00 GMT | An Insider's Look at Acuity WorkStation − Live Showroom with the Software's Creator | Andrei Pehar | SHW | |
Current Session: Europe − U.S.
USD/CHF
Daily Trading Forecast − A Day in Low Volatility by Swiss e Trade AG
The dollar, currently trading at 1.1280 against the Swiss franc, is still consolidating its higher levels, now at the middle of the three−day−old trading range. We expect the consolidation to continue in today's trading, with the dollar testing the upside 1.1300 resistance level.
- USD − Long term buy against the Canadian? by Ross Yamashita,of Pro Pipper Trading
- 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 lower as Lehman given support by Finotec Group Inc.
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Continues to trade around pivot level 1.4134
09/10/2008 09:53 GMT - GBP/USD
- Moves down below pivot level 1.7604
09/10/2008 09:54 GMT - USD/CHF
- Continues to trade around pivot level 1.1281
09/10/2008 09:54 GMT - USD/JPY
- Continues to trade around pivot level 107.31
09/10/2008 09:55 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
New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 10 | 21:00 | RBNZ Interest Rate Decision | 7.75% | 8.00% |
Weekly Market View - RBNZ Interest Rate Announcement by FXstreet.com
In New Zealand, the RBNZ Interest Rate Announcement (Current 8.00 %) is scheduled at 21:00 GMT. Be aware NZD/USD traders.
[ Full Story ]Top Market Movers Review
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 08:30 | Total Trade Balance | -4.6 | -4.2B | -5.0B |
| Sep 10 | 08:30 | Goods Trade Balance | -£7.7B | -£7.5B | -£8.0B |
DATA SNAP: UK Global Goods Trade Deficit Narrows In July (Dow Jones)
The U.K. global goods deficit narrowed less than expected to GBP7.7 billion in July from an upwardly revised GBP8.0 billion in June, the Office for National Statistics said Wednesday.
[ Full Story ]- Read UK trade − July 2008 at National Statistics
- 2nd UPDATE: UK Goods Trade Deficit Narrows As Pound Weakens (Dow Jones)
- UPDATE: UK Global Goods Trade Deficit Narrows In July (Dow Jones)
- UPDATE 1−UK goods trade gap narrows slightly (Thomson Financial News)
EMU ECB TRICHET'S SPEECH
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 07:00 | ECB Trichet's Speech | - | - | - |
ECB's Trichet sees recovery after growth trough (Thomson Financial News)
The euro zone economy should gradually recover over the coming years after a trough in growth in the second and third quarters of this year, European Central Bank President Jean−Claude Trichet said on Wednesday.
[ Full Story ]- Read the Introductory statement by Jean−Claude Trichet at the ECB
- ECB would consider bank watchdog role − Trichet (Thomson Financial News)
- Verbatim − ECB Trichet's Hearing At European −2− (Dow Jones)
- Verbatim − ECB Trichet's Hearing At European Parliament (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 10 | 05:00 | JP | Coincident Index (Jul)  | 103.3% | 102.5% | 103.3% |
| 05:00 | JP | Leading Economic Index (Jul) | 91.6 | 91.9 | 91.0 | |
| 07:00 | EMU | ECB Trichet's Speech | ||||
| 08:30 | UK | Goods Trade Balance (Jul) | £-7.7B | -£7.5B | -£8.0B |
|
| 08:30 | UK | Total Trade Balance (Jul) | -4.6 | -4.2B | -5.0B |
|
| 11:00 | US | MBA Mortgage Applications (Sep 5) | 9.5% | 7.5% | ||
| 12:30 | CA | Labor Productivity (QoQ) (2Q) | 0.3% | -0.3% | ||
| 14:35 | US | EIA Crude Oil Stocks change (Sep 6) | -1.9 | |||
| 21:00 | NZ | RBNZ Interest Rate Decision | 7.75% | 8.00% | ||
| 22:45 | NZ | Food Price Index (MoM) (Aug) | 0.6% | |||