Friday, Sep 26, 11:01 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- Special Coverage - Will the Bailout Plan save US economy? by FXstreet.com
- Streaming Forex Charts - 22 currency pairs and 21 technical indicators, FREE! by Netdania/FXCM
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Forex Blogs
Trade Setups − Should I stay or should I go now... by Phil Newton
Today is one of those days where I look at the charts and thing stuff it. Price activity in the overnight or Asian trading range is not in the best place to be taking trades on as far as I'm concerned [...]
Chartology − The U.S. Dollar sits and waits for D.C. by Raghee Horner
FX Market Readings − Now week end opposite of week beginning move by Dr. S. Sivaraman
Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Fri, Sep 26, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Sep 26, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 26, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Fri, Sep 26, 13:00 GMT | FX Market Pulse  | Raghee Horner | WBN |  |
| Fri, Sep 26, 14:00 GMT | Banging around the Bands | Chris Capre | WBN | |
| Fri, Sep 26, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast − Downward Correction of USD Completed? by Swiss e Trade AG
Astonishing as it is, the Greenback did not weaken further after breaking news that Congress is now split over the financial rescue developed by Paulson/Bernanke, with the money market seizing up. On the contrary, the U.S. currency gained renewed strength in the majors.
The pair lost further ground in late Asian and early European trading and is currently priced at 1.4570 near the support for today at 1.4545. We see an upmove in the making, to 1.4650 and, in later U.S. trading, the full range between support at 1.4545 and 1.4650 being filled.
- The U.S. Dollar sits and waits for D.C. by Raghee Horner, trader and author at Raghee.com
- 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 on the Day − EUR/USD by Forex−Trends.com
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Forex Analysis on Majors − EUR falls with positions correction by British banks by Forex Ltd
Banks' Analysis
Today's Technical Trading Points − UPDATE by Danske Bank A/S
Technical analysis: EuroDollar Futures − Eurodollar Future – Dec 2008 by Mizuho Corporate Bank
Forex Analysts' Blog
GBPand EUR vs USD Still unclear by Pierre Charlebois, Senior Trading Coach at www.TradingPostFinancial.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves down below opening price level 1.4608 , below pivot level 1.4645
09/26/2008 10:08 GMT - GBP/USD
- Continues to trade around opening price level 1.8371 , below pivot level 1.8448
09/26/2008 10:09 GMT - USD/CHF
- Moves up above pivot level 1.0882
09/26/2008 10:09 GMT - USD/JPY
- Trades below first support level 105.67
09/26/2008 10:10 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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Sep 26 | 12:30 | Gross Domestic Purchases Price Index | 1.2% | 3.5% |
| Sep 26 | 12:30 | Gross Domestic Product Annualized | 3.3% | 0.9% |
US economic indicators - Q2 GDP was revised up substantially, from an annualised 1.9% to 3.3% by BHF−Bank
This was mainly due to an even bigger contribution from net exports and a smaller decline in inventories. The final results will probably more or less confirm the preliminary figures.
[ Full Story ]Trading News Report - U.S. GDP on Tap, How Will the Dollar React? by FXCM
Top Market Movers Review
Switzerland KOF LEADING INDICATOR
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 26 | 09:30 | KOF Leading Indicator | 0.62 | 0.55 | 0.73 |
Swiss KOF barometer points out to further economic slowdown in September (FXstreet.com)
Swiss KOF forward looking indicator has anticipated some further slowdown for Swiss Gross Domestic Product over the forthcoming months. The KOF economic barometer has declined to 0.62 points in September, from 0.73 points in August, revised up from the previously estimated 0.68 reading.
[ Full Story ]- Read the Leading Indicator data at KOF
- Swiss KOF growth barometer at new 5−year low in Sept (Thomson Financial News)
- INSTANT VIEW 1−Swiss KOF hits new 5−yr low in Sept (Thomson Financial News)
- TABLE−Swiss KOF indicator falls to 0.62 in Sept (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 25 | 23:30 | JP | Tokyo CPI ex Food, Energy (YoY) (Aug) | 0.5% | 0.2% | 0.2% |
| Sep 26 | 06:00 | DE | Import Price Index (MoM) (Aug) | -0.8% | -1.0% | 0.6% |
| 06:00 | DE | Import Price Index (YoY) (Aug) | 9.3% | 9.3% | ||
| 09:30 | CH | KOF Leading Indicator (Sep) | 0.62 | 0.55 | 0.73 |
|
| 11:01 | DE | Consumer Price Index (MoM) (Sep)  | -0.2% | -0.3% | ||
| 11:01 | DE | Consumer Price Index (YoY) (Sep) | 2.8% | 3.1% | ||
| 12:30 | US | Gross Domestic Product Annualized (2Q) | 3.3% | 0.9% | ||
| 12:30 | US | Gross Domestic Purchases Price Index (2Q) | 1.2% | 3.5% | ||
| 12:30 | US | Personal Consumption Expenditure (QoQ) (2Q) | 1.7% | 1.5% | ||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Sep) | 71 | 63 | ||