Thursday, Sep 18, 11:12 GMT
U.S. Trading Newsletter
To Get Started
- Central Banks News: US Crisis - Major Central Banks agree common measures to help USD
- Webinar Videos: How long will this USD trend last? by Adam Rosen
- Exclusive report - Perceiving Forex Volatility through Descriptive Statistics − Part 1 by Mark Whistler
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Forex Blogs
Currencies for today
The Advisor Blog: The Usd/Jpy by Valeria Bednarik
The pair remains under pressure, and chances continue favoring the downside, with a first support zone around 104.00/10 zone, followed by this month minimum at 103.53: any movement under it will mean a downside continuation,
1st on Forex: Amazing − Bewildering − Unprecedented − Criminal by Jerry Furst
FX Bootcamp: Pre London Review September 17th 2008 by Wayne McDonell
Live Sessions Schedule
MONTHLY WEBINAR: Part 1: Common Sense Fundamentals and Technicals for Real Traders
Expert: Mark Whistler
Start: Thu, Sep 18, 12:30 GMT
Type of Session: Webinar
MONTHLY WEBINAR: Part 2: Perceiving Volatility through Descriptive Statistics
Expert: Mark Whistler
Start: Thu, Sep 18, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 18, 12:30 GMT | MONTHLY WEBINAR: Part 1: Common Sense Fundamentals and Technicals for Real Traders | Mark Whistler | WBN |  |
| Thu, Sep 18, 15:00 GMT | MONTHLY WEBINAR: Part 2: Perceiving Volatility through Descriptive Statistics  | Mark Whistler | WBN | |
| Fri, Sep 19, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Sep 19, 12:00 GMT | Improving your trading in congestion zones | Valeria Bednarik | WBN | |
Current Session: Europe − U.S.
EUR/USD
Forex Economic Analysis − EUR/USD is in а corrective phase by www.deltastock.com
EUR/USD is in а corrective phase, after finalizing the slide from 1.6039 (15 July 2008) at 1.3882. Technical indicators are reversed and rising, and trading is situated below the 50− and 200−Day SMA, currently projected at 1.5256 and 1.5220.
After breaking above 1.4159, the pair confirmed a significant bottom, situated at 1.3882 and that currently a broader consolidation is on the run, towards 1.50+.
As expected the pair broke through the 1.4275 resistance, confirming that an uptrend is already on the run, towards our short−term target at 1.5561, en route to 1.4701.
Today's strategy: Stand aside.
- Fed Special Coverage Transcript by Valeria Bednarik
- Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Currency Technical Report − Currency Technical Report by FXGreece
Daily Trading Forecast − Weathering the Storm by Swiss e Trade AG
Currency on the Day − GBP/USD by Forex−Trends.com
Daily FX Report − The Australian Central Bank pumps extra cash into the banking system for the fourth day by Varengold Wertpapierhandelsbank AG
Forex Analysts' Blog
The Gbp/Usd in the short term 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
Recent Recommended Trades by AceTrader
Majors at a Glance
- EUR/USD
- Moves up above first resistant level 1.4447
09/18/2008 10:03 GMT - GBP/USD
- Continues to trade around opening price level 1.8171 , above pivot level 1.8067
09/18/2008 10:04 GMT - USD/CHF
- Moves down towards first support level 1.0930
09/18/2008 10:04 GMT - USD/JPY
- Back around opening price level 104.64 , below pivot level 105.24
09/18/2008 10:05 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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Sep 18 | 14:00 | Leading Indicators (MoM) | -0.2% | -0.7% |
US economic indicators - We expect another decline of up to 0.3% mom in August by BHF−Bank
Leading indicators fell sharply by 0.7% mom in July, and we expect another decline of up to 0.3% mom in August. Six of the ten components could have been negative, especially vendor performance, jobless claims, building permits and new orders. However, positive contributions will be made by the yield curve, consumer expectations, real M2 and stock prices. The annualised 6−month rate will fall back from –1.8% to –2%.
[ Full Story ]Top Market Movers Review
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 18 | 08:30 | Retail Sales (YoY) | 3.3% | 1.6% | 2.1% |
| Sep 18 | 08:30 | Retail Sales (MoM) | 1.2% | -0.4% | 0.8% |
UK retail sales grow unexpectedly in August (FXstreet.com)
Retail sales posted an unexpected and considerable increase in August driven by boosting sales of clothing and footwear, according to data released by National Statistics.
[ Full Story ]- Retail sales August 2008 at National Statistics
- UPDATE 1−UK retail sales surge unexpectedly in August (Thomson Financial News)
- UPDATE: UK Aug Retail Sales Up Unexpectedly For 2nd Month (Dow Jones)
- UK retail sales surge unexpectedly in August (Thomson Financial News)
Friday Notes - We expect −1% in August by HVB Group
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 18 | 08:30 | Public Sector Net Borrowing | £10.4B | £9.0B | -£4.8B |
DATA SNAP: UK August Government Borrowing Hits GBP10.4 Bln (Dow Jones)
The U.K. public sector borrowed a stronger than expected net GBP10.4 billion in August, with central government revenue growing at a much slower pace than expenditure as the economic slowdown bites.
[ Full Story ]- Public sector finances August 2008 at National Statistics
- UPDATE: UK August Government Borrowing Hits GBP10.4 Bln (Dow Jones)
- United Kingdom Aug Public Sector Net Borrowing rises to £10.4B (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 18 | 08:30 | UK | M4 Money Supply (MoM) (Aug)  | 1.4% | 0.7% | 0.9% |
| 08:30 | UK | M4 Money Supply (YoY) (Aug) | 11.5% | 10.6% | 11.2% | |
| 08:30 | UK | M4 Sterling Lending (Aug) | £12.3 | £14.2B | £12.4B | |
| 08:30 | UK | Public Sector Net Borrowing (Aug) | £10.4B | £9.0B | -£4.8B | |
| 08:30 | UK | Retail Sales (MoM) (Aug) | 1.2% | -0.4% | 0.8% | |
| 08:30 | UK | Retail Sales (YoY) (Aug) | 3.3% | 1.6% | 2.1% | |
| 12:00 | CH | SNB Interest Rate Decision (Aug) | 2.75% | 2.75% | ||
| 12:30 | US | Continuing Jobless Claims (Sep 6) | 3525K | |||
| 12:30 | US | Initial Jobless Claims (Sep 13) | 445K | |||
| 12:30 | CA | Leading Indicators (MoM) (Aug) | 0% | 0% | ||