Thursday, Sep 11, 11:03 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Dave Murphy
- How Much Further Can the Euro Fall? by Kathy Lien, Director of Currency Research at GFT (Global Forex Trading)
- Streaming Forex Rates - High−frequency updated data on the top 24 pairs
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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
Chartology: Economics and the Charts by Raghee Horner
I'm sitting in Salt Lake City Intl airport waiting for my flight to Vegas and thought I would share a few ideas from the past couple days. I was talking with a friend of mine and greattrader… and we were discussion economics and their place within an overall trade set up.
The Disciplined Trader: Looking For Key Support and Resistance Using Candlesticks by Pierre Charlebois
FX Path: Webinar on Multiple Timeframe Trading by James Chen
Live Sessions Schedule
US Pre−Market Open − Free Access Day
Expert: Ed Ponsi
Start: Thu, Sep 11, 12:00 GMT
Type of Session: Webinar
Trading Trending Markets with Moving Averages − Free Access Day
Expert: Adam Rosen
Start: Thu, Sep 11, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 11, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Sep 11, 12:00 GMT | US Pre−Market Open − Free Access Day | Ed Ponsi | WBN |  |
| Thu, Sep 11, 12:30 GMT | Trading Trending Markets with Moving Averages − Free Access Day | Adam Rosen | WBN | |
| Thu, Sep 11, 13:30 GMT | US Session Open − Free Access Day | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Analysis − Dollar advances on news that Europe's economy will slow faster by Finotec Group Inc.
The greenback rose to a one−year high against the euro on speculation that Europe's economy will slow more than in the U.S., prompting the region's central bank ECB to cut interest rates. The U.S. currency climbed for a second day as traders increased bets on a European Central Bank rate reduction before a government report tomorrow that economists say will show industrial production in the euro area shrank. "The overall drivers of the foreign−exchange markets are positive for the U.S. dollar,'' said Sue Trinh, a currency strategist at RBC Capital Markets in Sydney
- Harmonics on Gold by Sunil Mangwani, CEO at FibForex123.
- 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 FX Report − Nevertheless by Varengold Wertpapierhandelsbank AG
Majors at a Glance
- EUR/USD
- Moves down towards second support level 1.3866
09/11/2008 09:53 GMT - GBP/USD
- Moves down below first support level 1.7474
09/11/2008 09:53 GMT - USD/CHF
- Moves up above first resistant level 1.1411
09/11/2008 09:53 GMT - USD/JPY
- Drops below first support level 106.89
09/11/2008 09:54 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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 11 | 12:30 | Trade Balance | -$58.0B | -$56.8B |
US economic indicators - Trade balance (July): wider deficit despite ongoing strength in exports by BHF−Bank
We expect nominal imports to have gone up by a similar rate in July, as import prices rose by 1.7% mom. Exports are unlikely be as buoyant as in June, but the marked rise in capital goods orders and the still high level of the ISM export component indicate that they could have risen by about 2% mom. We expect the nominal trade deficit to have widened from $56.8bn to $57.5bn in July. The real trade deficit will not have risen as markedly, and net exports could thus prevent the GDP growth rate from turning negative in the 3rd quarter.
[ Full Story ]Top Market Movers Review
UK INFLATION EXPECTATIONS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 11 | 08:30 | Inflation Expectations | 4.4% | - | 4.3% |
BoE prices expectation was revised to 4.4% over year (FXstreet.com)
Bank of England has revised its CPI projections to 4.4% over year from 4.3% inflation expected in the last report, as a energy and import cost pressures increased, according to data published in the August monthly Inflation Report.
[ Full Story ]- Inflation Report at Bank of England
- UK inflation expectations hit series high in Aug −BoE (Thomson Financial News)
- BoE revised up Inflation Expectations to 4.4% for 2008 (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 11 | 01:00 | AU | Consumer Inflation Expectation (Aug) | 4.4% | 4.9% | |
| 01:30 | AU | Employment Change (Aug) | 14.6K | 5.9K | 10.9K | |
| 01:30 | AU | Unemployment Rate (Aug) | 4.1% | 4.4% | 4.3% | |
| 08:00 | EMU | ECB Monthly Report (Sep) | ||||
| 08:30 | UK | Inflation Expectations | 4.4% | 4.3% | ||
| 08:45 | UK | MPC Treasury Committee Hearings | ||||
| 12:30 | US | Continuing Jobless Claims (Aug 30) | 3440K | 3435K | ||
| 12:30 | US | Import Price Index (MoM) (Aug) | -1.5% | 1.7% | ||
| 12:30 | US | Import Price Index (YoY) (Aug) | 20.2% | 21.6% | ||
| 12:30 | US | Initial Jobless Claims (Sep 6) | 445K | 444K | ||