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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: Economic and Technical View of the Currency Market by Rob Booker
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a living: Intraday running back at cable by David Aranzabal
After yesterday's storm, the european opening has been more moderate in volatility but with a medium size run on a clear pattern. In Cable the price made a 123 pattern, followed by a Support trendline broken. After that we had some opportunities to go short till yesterday's main support in 60m.
Tech Trading: GBP/USD On the way to 1,67? by César B. Leiceaga
CEO's Blog: NFA permanently bars Florida futures firm, Global Trading Center LLC by Francesc Riverola
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Live Sessions Schedule
Forex Basics Series: Chapter 5 − Technical Figures
Expert: Valeria Bednarik
Start: Wed, Sep 9, 12:30 GMT
Type of Session: Webinar
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Sep 9, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 9, 12:30 GMT | Forex Basics Series: Chapter 5 − Technical Figures | Valeria Bednarik | WBN |  |
| Wed, Sep 9, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
| Wed, Sep 9, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
| Wed, Sep 9, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
After peaking at 1.4534 the pair entered a corrective phase
Fwww.deltastock.com − EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50− and 200−Day SMA, currently projected at 1.4134 and 1.3523.
After peaking at 1.4534 the pair entered a corrective phase, that is expected to be limited above 1.4444 and a break above 1.4516 will signal, that the next upward leg is on the run, towards 1.4653.
GBP/USD
Testing the lower trend line support at 1.6500 by FXstreet.com Independent Analyst Team
We are now testing the lower trend line support at 1.6500. A break here should take us down impulsively to 1.6420 (3) followed by a move down to the previous low at 1.6317 before the potential reversal.
EUR/CAD
EUR/CAD has been moving in an upward and a horizontal trend channel by Varengold Wertpapierhandelsbank AG
EUR/CAD has been moving in an upward and a horizontal trend channel. After touching the support level around 1.5400 for the third time, the market climbed to the middle Bollinger band and touched the 1.5680 resistance.
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
New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 9 | 21:00 | RBNZ Interest Rate Decision | 2.5% | 2.5% |
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
UK GOODS TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 9 | 08:30 | Total Trade Balance | -£2.45B | -£2.00B | -£2.37B |
| Sep 9 | 08:30 | Goods Trade Balance | -£6.5B | -£6.3B | -£6.4B |
DATA SNAP:UK Jul Trade Gap Unch;Biggest Export Rise In 18 Mo (Dow Jones)
[ Full Story ]- Read the Trade Balance data at UK Statistics
- UK Goods Trade Balance increases to £6.5B in Jul from £6.4B (FXstreet.com)
Top Fundamental Stories - UK's Trade Balance shows a widened deficit for the second month in July by ecPulse.com
Daily World Market Update - Sterling Higher As GDP Forecast To Turn Positive Soon by World First UK Ltd
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 9 | 06:01 | Consumer Price Index (YoY) | 0.0% | 0.0% | -0.5% |
| Sep 9 | 06:01 | Consumer Price Index (MoM) | 0.2% | 0.2% | 0.0% |
CORRECT: DATA SNAP: German Aug CPI Confirmed +0.2% MM; 0.0% YY (Dow Jones)
[ Full Story ]- Read the CPI data at German Statistics
- DATA SNAP: German Aug CPI Confirmed +0.2% On Mo; +1.8% On Yr (Dow Jones)
- Germany Aug CPI rises 0.2% MoM, no changes on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 9 | n/a | DE | Consumer Price Index (YoY) (Aug) | 0.0% | 0.0% | -0.5% |
| 08:30 | UK | Goods Trade Balance (Jul) | £-6.5B | -£6.3B | -£6.4B |
|
| 08:30 | UK | Total Trade Balance (Jul) | £-2.45B | -£2.00B | -£2.37B |
|
| 09:30 | UK | BRC Shop Price Index (MoM) (Aug) | -0.02% | 1.30% |
||
| 09:30 | UK | BRC Shop Price Index (YoY) (Aug) | -0.1% | 0.5% | ||
| 11:00 | US | MBA Mortgage Applications (Sep 4) | 17.0% | -2.2% | ||
| 12:15 | CA | Housing Starts s.a (YoY) (Aug) | 138.0K | 132.1K | ||
| 18:00 | US | Fed's Beige Book | ||||
| 21:00 | NZ | RBNZ Interest Rate Decision | 2.5% | 2.5% | ||
| 22:45 | NZ | Terms of Trade Index (2Q) | -3% | |||