Monday, Sep 15, 11:20 GMT
U.S. Trading Newsletter
To Get Started
- Special Coverage - US Crisis rebounds: Merryll Lynch and Lehman Brothers enter the fray by FXstreet.com
- Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Dave Murphy
- Exclusive report - Perceiving Forex Volatility through Descriptive Statistics − Part 1 by Mark Whistler
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Related Links
Forex Blogs
Recommended Readings
The Market Readings: This is market − expected volatile moves seen for week beginning by Dr. S. Sivaraman
As expected EURO and GBP made an huge upward stop hunt and later gave up all the gains.They have rised to hit all level stops of the short sellers and dropped when traders turn bullish and bought EURO and GBP because of weak USD sentiment.
Chartology: Back from Las Vegas! by Raghee Horner
Trade Setups: Little Jonny wants to play in the park not on the main road by Phil Newton
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Sep 15, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Sep 15, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 15, 13:00 GMT | How long will this USD trend last?  | Adam Rosen | WBN |  |
| Mon, Sep 15, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Sep 15, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
| Mon, Sep 15, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
Current Session: Europe − U.S.
EUR/USD
Technical Summary for Majors − Extended losses from 1.4909/1.4812 lower tops within downtrend from 1.6040 by Windsor Brokers Ltd
Extended losses from 1.4909/1.4812 lower tops within downtrend from 1.6040, to reach 1.3882 on 11 Sep, before recovering. Break above 1.4046/74 resistance area ended immediate fears of fresh falls, with subsequent break through 1.4146/80 confirming reversal. Market reached 1.4482 high today, before latest dip, with yet no signs of a higher low for a fresh recovery. Losing 1.4233/27 may open 1.4143/28 next.
- 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 Trading Forecast − Financial Hurricane by Swiss e Trade AG
Forex Analysis on Majors − EUR resumes targeting to 1.4500 by Forex Ltd
Daily FX Report − The oil price through the $100 level by Varengold Wertpapierhandelsbank AG
Weekly Analysis
Weekly Market Commentary − Several asset classes might continue to struggle at key chart levels, but will eventually break by Mizuho Corporate Bank
Forex Analysts' Blog
Another volatile week ahead by Valeria Bednarik, analyst and foreign manager at MolFX − Management
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Signals
Australian Dollar special report − Lehman Gold AUD by FxMax
Majors at a Glance
- EUR/USD
- Moves down below first resistant level 1.4302
09/15/2008 09:50 GMT - GBP/USD
- Moves down below opening price level 1.8053 , above pivot level 1.7814
09/15/2008 09:50 GMT - USD/CHF
- Trades around third support level 1.1161
09/15/2008 09:50 GMT - USD/JPY
- Continues to move down below 105.00 , below third support level 105.93
09/15/2008 09:51 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 ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Sep 16 | 09:00 | ZEW Survey − Economic Sentiment | -52.5 | -55.5 |
Friday Notes - Growth Expectations by HVB Group
Despite the de facto nationalization of the two large mortgage financing companies in the US, there is still no end in sight to the financial market crisis. Furthermore, the latest hard numbers have further increased the probability of a recession for the German economy. In contrast, the weaker EUR and the continuing pullback in the oil price likely had a positive impact on expectations. All in all, we expect a moderate improvement in the ZEW growth expectations to a still very low level.
[ Full Story ]Top Market Movers Review
EMU LABOR COSTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 15 | 09:00 | Labor Costs (YoY) | 2.7% | 3.4% | 3.5% |
DATA SNAP: Euro−Zone Wage Growth Slowed Sharply In 2Q (Dow Jones)
Wages in the 15 countries that use the euro grew at a much slower pace in the year to the end of June than they did in the 12 months to the end of March.
[ Full Story ]- Euro area labour costs rose by 2.7% at Eurostat
- UPDATE: Euro−Zone Wage Growth Slowed Sharply In 2Q (Dow Jones)
- INSTANT VIEW 1−Euro zone Q2 labour costs rise 2.7 pct y/y (Thomson Financial News)
- TABLE−Euro zone Q2 2008 labour costs rise 2.7 pct y/y (Thomson Financial News)
Switzerland ADJUSTED REAL RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 15 | 07:15 | Adjusted Real Retail Sales (YoY) | 2.3% | 1.1% | 0.7% |
Swiss retail sales grow above expectations in July (FXstreet.com)
Total retail sales volume has posted a considerable jump in Switzerland in July, according provisional estimations by the Federal Office for Statistics, beating widely experts estimations, who had advanced a moderate increase.
[ Full Story ]- Read the official data at Swiss Federal Statistical Office
- TABLE−Swiss retail sales up 6.2 pct yr/yr in July (Thomson Financial News)
- Switzerland Adjusted Real Retail Sales increase 2.3% on the year in Jul (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 15 | 01:30 | AU | Dwelling Starts | -3.7% | -1.0% | |
| 07:15 | CH | Adjusted Real Retail Sales (YoY) (Jul) | 2.3% | 1.1% | 0.7% | |
| 07:15 | CH | Producer and Import Prices (YoY) (Aug) | 4.0% | 4.6% | 4.9% | |
| 07:15 | CH | Producer and Import Prices (MoM) (Aug) | -0.5% | 0.1% | 0.5% | |
| 09:00 | EMU | ECB Trichet's Speech | ||||
| 09:00 | EMU | Labor Costs (YoY) (2Q) | 2.7% | 3.4% | 3.5% |
|
| 12:30 | CA | New Motor Vehicle Sales (MoM) (Jul) | 0% | -1% | ||
| 12:30 | US | NY Empire State Manufacturing Index (Sep) | 3.7 | 2.8 | ||
| 13:15 | US | Capacity Utilization (Aug) | 79.7% | 79.9% | ||
| 13:15 | US | Industrial Production (MoM) (Aug) | -0.2% | 0.2% | ||