Tuesday, Sep 30, 11:12 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Institutional Trading Strategies: The Indicators by Andrei Pehar
- Special Coverage - Financial Crisis: Bailout Plan stopped for now by FXstreet.com
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International Traders Conference 2008 − October 29−31
8 experts, 3 days, 9 hours of Live Trading, 8 hours of speeches and much more!
"I will be using the very short term charts, so that we'll be seeing movement as we talk, and discussing the decisions as the market moves."
Rob Booker about Live Trading Sessions
Book your seat before it's too late... Register deadline is October 10!
- Speeches Schedule
- Speakers Panel
- Haven't you decided to go yet? − View all 2007 videos
Forex Blogs
The Disciplined Trader: With the failure of the bailout plan the JPY charts should plumet by Pierre Charlebois
In times of uncertainty the Carry Trade unwinds. The carry trade is where investors borrow from Japanese banks and re−invest in higher yielding markets like savings and stock in another country.
FX Market Readings: Month end expected moves by Dr. S. Sivaraman
1st on Forex: PLAN DENIED − POLITICS REIGNS − ACCUSATIONS FLY by Jerry Furst
Live Sessions Schedule
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Tue, Sep 30, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Sep 30, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 30, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Sep 30, 12:30 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Tue, Sep 30, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Sep 30, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
USD/JPY
Daily Trading Forecast − USD Stable Despite "Nay" to Bailout Plan by Swiss e Trade AG
With big losses in world stock exchanges and a record high of 3.5% of LIBOR over U.S. T−Bills after the House rejected the financial rescue bill, the USD's stability held up surprisingly well, showing low volatility.
Having tested a support low at 103.60, the dollar gained strength against the yen in Asian and early European trading hours and is currently priced at 105.05. The resistance level at 105.80 could be tested in today's remaining trading hours, while a setback to support at 104.70 is likely first.
- Plan denied − Politics reign − Accusations Fly by Jerry Furst, Director at Investors Education Network
- 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:
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
Daily FX Report − The JPY rose to its highest in almost two weeks against the EUR by Varengold Wertpapierhandelsbank AG
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Daily Technical Strategist − EURUSD: EUR Takes Out The 1.4542/71 Zone, Risk Has Opened Up Towards the 1.4152 Level by FXTechstrategy
Weekly Outlook
FX Weekly Commentary − Traders Gave Their Answer to Rescue Plan Rejection by Causing Mayhem in the Financial Markets…What ‘s Next? by FXGreece
Forex Analysts' Blog
Month end expected moves by Dr. S. Sivaraman, of i−knowindices.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves sideways with low volatility . Support is seen at 1.4344
09/30/2008 09:56 GMT - GBP/USD
- Moves up with low volatility . Immediate resistance is seen at 1.8185
09/30/2008 09:59 GMT - USD/CHF
- Moves up gradually. Resistance is seen at 1.1087
09/30/2008 10:02 GMT - USD/JPY
- Moves up above 105.00 level . MAs are rising gradually
09/30/2008 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 PRESIDENT BUSH SPEAKS ABOUT BAILOUT PLAN
| Date (GMT) | Event | Cons. | Previous | |
| Sep 30 | 12:45 | President Bush Speaks About Bailout Plan | - | - |
Daily Forex Technical Report − Uncertainties ahead after TARP Defeat by ActionForex.com
There are a large amount of uncertainty for the moment, depending on how Bush and colleagues will modify the plan before House meets against on Thursday. The vote was just 228 to 205 and some cosmetic changes might be good enough to win 13 votes to get the bill passed.
[ Full Story ]Forex Trading Strategies - Equity market swoon on TARA failure smacks carry trades for enormous losses by Saxo Bank
Daily Currency Market Focus - House Kills the Bailout Plan and the US Dollar by GFT (Global Forex Trading)
Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 30 | 09:00 | Consumer Price Index (YoY) | 3.6% | 3.6% | 3.8% |
UPDATE: Euro−Zone Sep CPI Rate Falls For 2nd Straight Mo (Dow Jones)
The rate of euro−zone consumer price inflation eased for the second month in a row in September, confirming that, while price pressures remain high, the peak has passed.
[ Full Story ]- Read the CPI data at Eurostat
- DATA SNAP: OECD Inflation Rate Fell Slightly In August (Dow Jones)
- Euro Zone inflation expected to ease for second month in a row in September (FXstreet.com)
- EU preliminary Consumer Price Index falls to 3.6% in Sep vs 3.8% in Aug (FXstreet.com)
EMU economic indicators - EMU inflation (September) flash estimate: decline to 3.7 % yoy by BHF−Bank
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 30 | 08:30 | Gross Domestic Product (YoY) | 1.5% | 1.4% | 2.3% |
| Sep 30 | 08:30 | Gross Domestic Product (QoQ) | 0.0% | 0.0% | 0.2% |
DATA SNAP: UK Economy Stagnates In Q2; GDP +1.5% On Year (Dow Jones)
The U.K. economy stagnated in the second quarter as previously reported although there was a slight upward revision to the annual growth rate, data from Office for National Statistics showed Tuesday.
[ Full Story ]- Read the GDP data at National Statistics
- UK GDP slows down to standstill in the Second Quarter (FXstreet.com)
- UK Q2 GDP flat, c/a widens markedly (Thomson Financial News)
- NSTANT VIEW 1−UK Q2 final GDP flat, c/a widens sharply (Thomson Financial News)
Germany UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 30 | 07:55 | Unemployment Change | -29K | -18K | -39K |
| Sep 30 | 07:55 | Unemployment Rate s.a. | 7.6% | 7.6% | 7.7% |
DATA SNAP: German Sep Adj Jobless Rate 7.6% Vs 7.7% In Aug (Dow Jones)
Germany's job market improved further in September, seemingly unbowed by the financial market crisis and a slowing of Europe's largest economy, Federal Labor Agency data showed Tuesday.
[ Full Story ]- Read the Employment data at Bundesagentur für Arbeit [text in German]
- INSTANT VIEW 1−German jobless down more than expected (Thomson Financial News)
- TABLE−German Sept adj. jobless total −29,000 m/m (Thomson Financial News)
- German Sept adj. jobless −29,000 m/m−source (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 30 | 08:30 | UK | Current Account (2Q) | £-11.0B | -£10.1B | -£5.5B |
| 08:30 | UK | Gross Domestic Product (QoQ) (2Q) | 0.0% | 0.0% | 0.2% | |
| 08:30 | UK | Gross Domestic Product (YoY) (2Q) | 1.5% | 1.4% | 2.3% | |
| 08:30 | UK | Total Business Investment (QoQ) (2Q) | -1.0% | -1.9% | -1.8% | |
| 08:30 | UK | Total Business Investment (YoY) (2Q) | 1.2% | 1.9% | 4.5% | |
| 09:00 | EMU | Consumer Price Index (YoY) (Sep)  | 3.6% | 3.6% | 3.8% | |
| 12:30 | CA | Gross Domestic Product (MoM) (Jul) | 0.1% | 0.1% | ||
| 12:30 | CA | Industrial Product Price (MoM) (Aug) | -0.5% | 0.4% | ||
| 12:45 | US | President Bush Speaks About Bailout Plan | ||||
| 13:00 | US | S&P/Case−Shiller Home Price Indices (Jul) | -16.0% | -15.9% | ||