Tuesday, Sep 08, 11:14 GMT
U.S. Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
International Traders Conference
LAST SEATS AVAILABLE!
Don't miss the third edition of FXstreet.com's International Traders Conference (ITC) on October 14-16, 2009 in Barcelona. Live Trading next to the experts.
This year's key speakers panel: Valeria Bednarik, Rob Booker, James Chen, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi and Andrei Pehar.
Limited to 60 seats! Register now!
To Get Started
- WEBINAR VIDEOS: Drilling down, Support and Resistance by Triffany Hammond
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
Trading for a living: Pound breaking all the resistance levels by David Aranzabal
Today the Pound has broken the Asian Sesion resistance, testerday's high and one week's high. 200 pips in just 3 hours. Pound moves very quickly at the european Start.
Tech Trading: EUR/USD Nearing 1,4500 by César B. Leiceaga
CEO's Blog: The girl who silenced the world for 5 minutes by Francesc Riverola
Sponsored by 
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Sep 8, 14:00 GMT
Type of Session: Webinar
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Sep 8, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 8, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Sep 8, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Sep 8, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Sep 8, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
Current Session: Europe − U.S.
Forex: EUR/USD: Euro breaks 1.4445; fresh 2009 high at 1.4495
FXstreet.com − The Euro as soared on European trading times, and, from levels right below 1.4350, the Euro has jumped to break above 1.4445 year to date high to hit a fresh high at 1.4495. At the moment, the Euro trades at 1.4475; 1.0% above its day opening price.
At the moment, the Euro trades at 1.4475/80 resistance area (Trendline resistance from Aug 13 high), and above here, next resistance levels lie at 1.4500 and 1.4520. On the downside, initial support lies at previous 2009 high at 1.4445, and below here 1.4380 and 1.4345/60.
GBP/USD
Pair has caught some support from one of the long term lower down trend channels at 1.6115 by ACM − Advanced Currency Markets
After the pairs rally to back above 1.6435, we can say that for now the visit to 1.6115 is close enough for a neckline. The top of the shoulder on this head and shoulders would come in between 1.6663 and 1.6745
GOLD
Gold's rally extends further to as high as 1009.4 so far today by Oil N' Gold
Gold's rally extends further to as high as 1009.4 so far today and break of 1007.7 resistance confirms that rise from 681 has resumed for next target of 1033.9 high
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 10 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% |
Friday Notes - UK, BoE: Repo rate on hold by UniCredit Group
The BoE should keep the repo rate unchanged this month, and introduce no changes to the outstanding APF. The August Inflation Report clearly indicated that market expectations (for a first rate hike in Q1 2010) were too aggressive, given that nominal demand remains very much subdued despite the ongoing QE program.
[ Full Story ]US TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 10 | 12:30 | Trade Balance | - | -$27.01B |
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 10 | 13:00 | BoC Interest Rate Decision | - | 0.25% |
Daily U.S. Forex Summary - Bank of Canada is expected to keep rates on hold by Union Bank of California
[ Full Story ]Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 8 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | -17.0% | -15.8% | -17.6% |
| Sep 8 | 10:00 | Industrial Production s.a. (MoM) | -0.9% | 1.6% | 0.8% |
DATA SNAP: German Indus Output Eases Unexpectedly In July (Dow Jones)
[ Full Story ]- Read the Industrial Production data at BMWi [text in German]
- UPDATE: German Industrial Output Eases Unexpectedly In July (Dow Jones)
- Germany Jul Industrial Production falls 0.9% MoM and 17% YoY (FXstreet.com)
EMU economic indicators - Output in the German producing sector (July): rebound by BHF−Bank
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 8 | 08:30 | Industrial Production (MoM) | 0.4% | 0.3% | 0.6% |
UPDATE: UK Jul Mfg Strongest Rise For 3 Yrs, Autos Surge (Dow Jones)
Rising auto production boosted U.K. manufacturing output to its strongest level of growth in over three years in July, with mo
[ Full Story ]- UK Statistics homepage
- DATA SNAP: UK Jul Mfg Strongest Rise For 3 Yrs, Autos Surge (Dow Jones)
- UK Manufacturing Production up 0.9% MoM in Jul, down 10.1% YoY (FXstreet.com)
- UK Industrial Production rises 0.4% MoM in Jul, −9.9% YoY (FXstreet.com)
Top Fundamental Stories - Manufacturing and Industrial Production Surge in United Kingdom by ecPulse.com
Friday Notes - UK Industrial production: Edging up by UniCredit Group
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 8 | 06:00 | Trade Balance | 13.9B | 11.2B | 12.1B |
UPDATE: German July Adj Exports +2.3% MM; Up 3rd Mo In A Row (Dow Jones)
[ Full Story ]- Read the Trade Balance data at German Statistics
- DATA SNAP: German Adj Exports +2.3% MM In July, Imports Unch (Dow Jones)
- Germany Jul Trade surplus rises to 13.9B from 12.1B (FXstreet.com)
Top Fundamental Stories - German Exports Soar for the Third Month by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 8 | 08:30 | UK | Industrial Production (MoM) (Jul) | 0.4% | 0.3% | 0.6% |
| 08:30 | UK | Industrial Production (YoY) (Jul) | -9.9% | -10.1% | -10.7% |
|
| 08:30 | UK | Manufacturing Production (MoM) (Jul) | 0.9% | 0.3% | 0.6% |
|
| 08:30 | UK | Manufacturing Production (YoY) (Jul) | -10.1% | -11.1% | -11.3% |
|
| 10:00 | DE | Industrial Production s.a. (MoM) (Jul) | -0.9% | 1.6% | 0.8% |
|
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jul) | -17.0% | -15.8% | -17.6% |
|
| 12:30 | CA | Building Permits (MoM) (Jul) | 0.5% | 1.0% | ||
| 19:00 | US | Consumer Credit (Jul) | -$3.8B | -$10.3B | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Sep 6) | -45 | |||
| 22:45 | NZ | Credit Card Spending (Aug) | -2% | |||
Educational Resources
Video Forex Trading Program: Day 27
4Xlounge.com's 30−day Trading Program is an EXCLUSIVE course made of 30 short movies. From technical indicators to strategies and risk management, through major economic data and trendlines, all the basics of Forex are covered. Watch today's lesson: Day 27 − Trading Techniques − How much can I make
Related Resources
Watch previous lessons of Forex 30-day Trading Program by 4Xlounge
Forex Jump-Start: Beginners Video Course by 4xLounge