Friday, Sep 19, 11:14 GMT
U.S. Trading Newsletter
To Get Started
- News from the Editor's Desk: US Federal Government is working on a final plan to tackle financial crisis
- Webinar Videos: Multiple Timeframe Trading by James Chen
- Exclusive report - Perceiving Forex Volatility through Descriptive Statistics − Part 1 by Mark Whistler
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Forex Blogs
Currencies for today
FX Market Readings: Week end moves by Dr. S. Sivaraman
EURO and GBP made the rise and drop again during US session and dropped further during Early Japanese session when the short sellers covered their shorts.
FX Bootcamp: Forex Video | London Session Review | September 18, 2008 by Wayne McDonell
The Disciplined Trader: The USD is taking a hit as expected by Pierre Charlebois
Live Sessions Schedule
Improving your trading in congestion zones
Expert: Valeria Bednarik
Start: Fri, Sep 19, 12:00 GMT
Type of Session: Webinar
Topics
− Trading oportunities and important factors to take into consideration
− Main characteristics
− Detecting congestion zones
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Sep 19, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 19, 12:00 GMT | Improving your trading in congestion zones  | Valeria Bednarik | WBN |  |
| Fri, Sep 19, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Sep 19, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Sep 22, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBPUSD has slowed down this month by ForexHound.com
GBPUSD has slowed down this month, compared to August, and traded top to bottom in a 600 point range; it retraced from the September 11th low at 1.7440 to the 61.8 Fibonacci Line of the 1.8800 −1.7440 push down. Forming a doji like candle on the daily charts on Thursday, shows signs of bearish sentiment and has a first target at the support offered by the trend line connecting Sept 11th and 16th lows, with tight stops placed above this weeks high we expect the pair to push lower, breaking the above mentioned support and aiming at the 1.7550/1.7600 area.
- 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:
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Daily FX Report − Today USD rose broadly in asian trading by Varengold Wertpapierhandelsbank AG
Currency on the Day − EUR/USD by Forex−Trends.com
IMM positioning − Net long USD positions are scaled back by Danske Bank A/S
Banks' Analysis
FX Strategy − EUR/USD after extreme USD rallies by Danske Bank A/S
Forex Analysts' Blog
Majors for today by Valeria Bednarik, analyst and foreign manager at MolFX − Management
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Signals
Spot Forex Trades − Yen Crosses to be downed! by ForexSurvivor
Majors at a Glance
- EUR/USD
- Stays around first support level 1.4236
09/19/2008 10:05 GMT - GBP/USD
- Continues to move down towards third support level 1.7900
09/19/2008 10:06 GMT - USD/CHF
- Continues to move up above second resistant level 1.1228
09/19/2008 10:06 GMT - USD/JPY
- Continues to move up towards third resistant level 107.95
09/19/2008 10:07 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 Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 19 | 06:00 | Producer Price Index (MoM) | -0.6% | -0.5% | 2.0% |
| Sep 19 | 06:00 | Producer Price Index (YoY) | 8.1% | 8.3% | 8.9% |
German Producer Prices Index declines in August on energy prices (FXstreet.com)
Inflation seems to have started to moderate in the last two months due to the significant decline in oil prices, and this moderation has been felt at factory levels in Germany in August, with the producer prices index posting a considerable decline month on month, for the first time this year.
[ Full Story ]- Producer prices August 2008 by German Statistics
- German producer price inflation eases in August (Thomson Financial News)
- TABLE−German Aug PPI −0/6 pct m/m, +8.1 pct y/y (Thomson Financial News)
- Germany Producer Price Index down 0.6% in Aug; 8.1% down year on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 18 | 22:45 | NZ | Current Account (2Q) | -3.91B | -3.50B | -2.20B |
| Sep 19 | 03:00 | NZ | Credit Card Spending (Aug) | 2.5% | 3.8% | |
| 05:00 | JP | Coincident Index (Jul) | 103.5% | 103.3% | ||
| 05:00 | JP | Leading Economic Index (Jul) | 91.4 | 92.9 | ||
| 06:00 | DE | Producer Price Index (MoM) (Aug) | -0.6% | -0.5% | 2.0% | |
| 06:00 | DE | Producer Price Index (YoY) (Aug) | 8.1% | 8.3% | 8.9% | |
| Sep 21 | 23:01 | UK | Rightmove House Price Index (MoM) (Sep) | -2.3% | ||
| 23:01 | UK | Rightmove House Price Index (YoY) (Sep) | -4.8% | |||
| 23:50 | JP | All Industry Activity Index (MoM) (Jul) | -0.9% | |||
| 23:50 | JP | BoJ Minutes (Aug) | ||||