Thursday, Oct 16, 11:29 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Trading and Identifying Volatility in the Forex by John Jagerson
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Check out the new CAG!
The currencies revolution arrives at FXstreet.com
New Currencies at a Glance with all the technical studies you need for your trading plan. Review the market info of the top 31 currency pairs including the hottest pairs of the past week: EUR/USD, GBP/USD, USD/JPY and EUR/CHF.
Moreover data such as live market quotes, forecast, analysts comments, breaking stories and Economic Calendar can be extremely efficient tools for your trading plan.
DISCOVER THE NEW CAG
Forex Blogs
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
The pair remains moving in range in 4 hours charts, although the bearish sentiment weights more: after breaking the ascendant trend line we saw yesterday, the pair finally fill the gap at the beginning of the Asian session and even approach to the the key level around 1.3320, the monthly Fibo level posted a few days ago.
The Trader's Edge: AUD/JPY Trade Set Up by Ross Yamashita
The Disciplined Trader: USD/CAD trade produces 200 pips − What's next? by Pierre Charlebois
Live Sessions Schedule
Longer−term Support and Resistance Trading: Setups and Rules − Free Access Day
Expert: Rob Booker
Start: Thu, Oct 16, 14:00 GMT
Type of Session: Webinar
Dan Blystone's Daily Briefing − Free Access Day
Expert: Dan Blystone
Start: Thu, Oct 16, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 16, 12:00 GMT | How to create a trading system − Free Access Day | Valeria Bednarik | WBN |  |
| Thu, Oct 16, 13:00 GMT | Tracking the forex market together / Part II − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Oct 16, 14:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules − Free Access Day | Rob Booker | WBN | |
| Thu, Oct 16, 15:00 GMT | How to Get Started Trading Forex − Free Access Day | Mark Whistler | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast − EUR / USD: 8 Days of Consolidation is Not Enough by Swiss e Trade AG
The expected downward correction of the USD, as a reaction to its sharp upmove that ended 2 weeks ago, has not appeared and trading is in a consolidation phase within a broader trading range. A shortage of dollars in the overnight money markets (still somewhat gummed−up in the wake of financial crisis) may be the explanation for the Greenback strength.
The EUR / USD just tested the lower end of its longer−term broad trading rnge at 1.3350 and is currently in an upmove, priced now at 1.3480. We expect this upmove to continue in today's trading, at least to 1.3550. Right now, a downward correction to support at 1.3420 can set in.
- Sneak preview of the Live Technical Analysis Workshop in Barcelona, Spain Sunil Mangwani, CEO at FibForex123.
- 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
Forex Technical Report − USDCHF Double Top by ForexHound.com
Daily Analysis − Japanese Yen soars as investors pull out by Finotec Group Inc.
Daily Forex News − Forex − Yen rallied on strong carry trade unwinding as risk appetite fades by ACM − Advanced Currency Markets
Weekly Outlook
Weekly Forex Focus by Trading Central
Analysts' Blogs
AUD/JPY Trade Set Up by Ross Yamashita,of Pro Pipper Trading
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Signals
Australian Dollar special report − AUD Bullish by FxMax
Currencies at a glance
- EUR/USD
- Moves sideways with low volatility under intra resistance level 1.3518. Support is seen at 1.3344.
10/16/2008 10:59 GMT - GBP/USD
- Declines gradually with low volatility. Support is seen at 1.7127 while resistance is seen at 1.7355
10/16/2008 11:03 GMT - USD/CHF
- Moves downwards with low volatility. MAs are declining gradually.
10/16/2008 11:14 GMT - USD/JPY
- Continues to move up with low volatility, heading to immediate resistance level at 100.75
10/16/2008 11:15 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 16 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.5% | 2.5% |
| Oct 16 | 12:30 | Consumer Price Index (MoM) | 0.1% | -0.1% |
| Oct 16 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.2% |
US economic indicators - Consumer prices declined slightly by 0.1% mom in August, and they might have fallen again in September by BHF−Bank
However, the seasonal adjustment will factor in most of the decrease in gasoline prices. We thus forecast that consumer prices will have remained unchanged in September. The annual rate could fall just under 5% for the first time since May. Core CPI could have risen modestly by 0.1% mom, leaving the annual rate stable at 2.4%.
[ Full Story ]Trading News Report - Easing Consumer Prices May Weigh On Dollar by FXCM
Top Market Movers Review
Switzerland ADJUSTED REAL RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 16 | 07:15 | Adjusted Real Retail Sales (YoY) | 0.0% | - | 2.3% |
Swiss retail sales remain flat in August (FXstreet.com)
Retail sales have remained flat in August as the decline on clothing and complements sales have outweighed lower increases in other products, according to figures from the Swiss Statistics Office.
[ Full Story ]- Read the Retail Sales data at Swiss Statistics [text in German]
- Swiss retail sales flat in August (Thomson Financial News)
- Switzerland: Adjusted Real Retail Sales 0% real year on year in August: 1.3% up in nominal terms (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 15 | 17:00 | US | Fed's Bernanke Speech | |||
| 18:00 | US | Fed's Beige Book | ||||
| 23:00 | NZ | Business NZ PMI (Sep) | 47.0 | 45.7 | ||
| Oct 16 | 01:30 | AU | RBA Foreign Exchange Transaction | 407M | 307M | |
| 07:15 | CH | Adjusted Real Retail Sales (YoY) (Aug) | 0.0% | 2.3% | ||
| 09:00 | CH | ZEW Survey − Expectations (Oct) | -91.1 | -44.4 | ||
| 12:30 | US | Consumer Price Index (MoM) (Sep) | 0.1% | -0.1% | ||
| 12:30 | US | Consumer Price Index (YoY) (Sep) | 5.1% | 5.4% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Sep) | 0.2% | 0.2% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Sep) | 2.5% | 2.5% | ||