Thursday, Oct 09, 11:14 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Outlook for the major currencies this week by Ian Copsey
- Special Coverage: Markets reacting to global rate cut by FXstreet.com
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Forex Blogs
FX Market Readings: Is it reversals in Commodity pairs? by Dr. S. Sivaraman
AUD has gained from the new low they set yesterday and and USD/CAD has rised to reach parity with USD/CHF.Are these moves the start of the reversals in them?….If we consider that the players make sequential reversals, then true.
1st on Forex: Unprecdented Times − I'm Going to Disney World! by Jerry Furst
FX Path: Unprecedented Times by James Chen
Live Sessions Schedule
Trading and Identifying Volatility in the Forex
Expert: John Jagerson
Start: Thu, Oct 9, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Thu, Oct 9, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 9, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Oct 9, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Thu, Oct 9, 12:30 GMT | Trading and Identifying Volatility in the Forex | John Jagerson | WBN | |
| Thu, Oct 9, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
USD/JPY
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
The pair is in the second part of the broad consolidation since 95.75 short−term bottom, aiming at 97.63. Trading is situated below the 50− and 200−day SMA, currently projected at 107.61 and 105.76.
With yesterday's low at 98.59 the pair has entered a larger corrective phase, that should take us back again in the 103.21−55 resistance zone. Intraday expect upward pressure, towards 102.15.
Today's strategy: Stand aside.
- New rates aroudn the world by Valeria Bednarik, analyst and foreign manager at MolFX − Management
- 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 Technical Report − EURUSD Triangle Play by ForexHound.com
Daily Trading Forecast − The Aftermath of Ferocious Wednesday by Swiss e Trade AG
Currency on the Day − EUR/USD by Forex−Trends.com
Daily FX Report − Central banks around the globe cutting interest rates to stabilize the world wide economy by Varengold Wertpapierhandelsbank AG
Weekly Outlook
Weekly Forex Focus by Trading Central
Monthly Performance
Today's Technical Trading Points − Performance September 2008 by Danske Bank A/S
Analysts' Blogs
Is it reversals in Commodity pairs? by Dr. S. Sivaraman, of i−knowindices.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
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 WHOLESALE INVENTORIES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 9 | 14:00 | Wholesale Inventories | 0.4% | 1.4% |
US economic indicators - We expect wholesale inventories to have increased by 0.4% mom by BHF−Bank
Wholesale inventories increased sharply by 1.4% mom in July, particularly due to motor vehicles which were produced after the strike activities ended. However, we expect wholesale inventories to have increased by 0.4% mom only in August, as energy prices dropped significantly.
[ Full Story ]Top Market Movers Review
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 08:30 | Goods Trade Balance | -£8.2B | -£7.6B | -£7.7B |
| Oct 9 | 08:30 | Total Trade Balance | -4.70B | -4.45B | -4.80B |
DATA SNAP: UK August Trade Deficit Flat At Record GBP8.2B (Dow Jones)
The U.K. global goods deficit was unchanged at a record GBP8.2 billion in August, as exports to countries outside the European Union dropped to a two−year low, the Office for National Statistics said Thursday.
[ Full Story ]- Read the Trade Balance data at National Statistics
- TABLE−UK Aug trade deficit 8.198 bln stg (Thomson Financial News)
- INSTANT VIEW 1−UK Aug goods trade gap worse than expected (Thomson Financial News)
- UK goods trade deficit worse than expected in Aug (Thomson Financial News)
EMU ECB MONTHLY REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 08:00 | ECB Monthly Report | - | - | - |
ECB Bulletin: Prices have eased in the Euro Area, uncertainty remains high (FXstreet.com)
The European Central Bank has published its monthly report today after the coordinate action with other main Central Banks to cut interest rates in order to give some air to companies and families to avoid the worst consequences of the financial turmoil.
[ Full Story ]- ECB says EU needs coordinated approach on banks (Thomson Financial News)
- Inflation risks decreased further−ECB bulletin (Thomson Financial News)
- EURO GOVT−Bonds slump as central banks stir appetite for risk (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 9 | 00:00 | G7 Meeting | ||||
| 08:00 | EMU | ECB Monthly Report (Oct) | ||||
| 08:00 | UK | Halifax House Prices (MoM) (Sep) | -1.3% | -1.8% | ||
| 08:00 | UK | Halifax House Prices (YoY) (Sep) | -12.4% | -10.9% | ||
| 08:30 | UK | Goods Trade Balance (Aug) | £-8.2B | -£7.6B | -£7.7B | |
| 08:30 | UK | Total Trade Balance (Aug) | -4.70B | -4.45B | -4.80B |
|
| 12:30 | US | Continuing Jobless Claims (Sep 27) | 3591K | |||
| 12:30 | US | Initial Jobless Claims (Oct 4) | 475K | 497K | ||
| 14:00 | US | Wholesale Inventories (Sep) | 0.4% | 1.4% | ||
| 23:50 | JP | Bank Lending (YoY) (Sep) | 2% | |||