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U.S. Trading Newsletter
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International Traders Conference
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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.
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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
FX Market Readings: Expected market moves before and after BOE rate decision by Dr. S. Sivaraman
EURO and GBP made the ephoric moves during early US session above high yesterday − a simple upward stop hunt strategy of the players. As explained during Asian session: Live market analysis webinar they made the swings between high and low during Japanese session.
The Advisor Weblog: Majors’s sentiment for today by Valeria Bednarik
Tech Trading: USD/CHF Testing significant support by César B. Leiceaga
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Live Sessions Schedule
Examining Non Farm Payrolls − Free Access Day
Expert: Adam Rosen
Start: Thu, Sep 10, 12:30 GMT
Type of Session: Webinar
New NFA Regulations: How Currency Trading Will Be Affected − Free Access Day
Expert: Rob Booker
Start: Thu, Sep 10, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 10, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Sep 10, 12:30 GMT | Examining Non Farm Payrolls − Free Access Day | Adam Rosen | WBN |  |
| Thu, Sep 10, 15:00 GMT | New NFA Regulations: How Currency Trading Will Be Affected − Free Access Day | Rob Booker | WBN | |
| Thu, Sep 10, 17:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN |  |
Current Session: Europe − U.S.
US Dollar dropped to fresh 11−month lows as Gold crossed above $1,000
Informa Global Markets − The DXY lost key trendline support as the EUR/USD broke above trendline resistance and the formerly resistant June swing pivot high at 1.4338. The subsequent Dollar weakness has led to a test of a key Fibonacci retracement near 1.46 (61.8% of the 2008 highs to the 2009 lows).
USD/JPY
Current rebound is corrective in nature, preceding next slide towards 90.35 by www.deltastock.com
Yesterday's corrective phase peaked at 92.60 and the pair broke below 92.04, reaching temporary low at 91.61. Current rebound is corrective in nature, preceding next slide towards 90.35.
GBP/USD
Another bad day for the USD by FXstreet.com Independent Analyst Team
As we can see 1.6000−1.7000 is the range that we have been in for a while. This could turn out to be a pause before the next break higher over the 1.7000 level or we could be looking at a possible Head and Shoulders formation.
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
US TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 10 | 12:30 | Trade Balance | -$27.10B | -$27.01B |
US economic indicators - Trade balance (Jul): Imports lifted by temporary surge in car demand by BHF−Bank
As the graph shows, the US trade deficit has been falling sharply since last autumn, and the deficit ex petroleum has dropped to a long−term low of just under $10bn. However, in June, the trade deficit rose by more than $1bn, mainly due to a surge in import prices. These went down in July, however,which is likely to have dampened nominal imports. On the other hand, imports of foreign cars are likely to have been high due to the car allowance rebate system.
[ Full Story ]Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 10 | 13:00 | BoC Interest Rate Decision | 0.25% | 0.25% |
Daily U.S. Forex Summary - Bank of Canada is expected to keep rates on hold by Union Bank of California
[ Full Story ]Preview of BOE & BOC policy meetings by Easy Forex
Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% | 0.5% |
Top Fundamental Stories - Bank of England holds interest rate unchanged for the sixth month by ecPulse.com
Policy makers at the Bank of England (BoE) opted to keep their key interest rate at its record low of 0.5%. The announced rate came analogous to both median expectations and August's rate.
[ Full Story ]- Read the official statement at BoE
- Forex: GBP/JPY rises to test 152.90 resistance after BoE decision (FXstreet.com)
- Forex: EUR/GBP drops to 0.8750 after BoE rate decision (FXstreet.com)
- UPDATE: BOE Left Bond Buying Program Unchanged At GBP175 Bln (Dow Jones)
Daily World Market Update - Bank of England Preview by World First UK Ltd
Top Fundamental Stories - Europe Ahead: Bank of England will hold interest rate at 0.5% and Asset Purchase Program at 175 billion pounds by ecPulse.com
Friday Notes - UK, BoE: Repo rate on hold by UniCredit Group
Australia CONSUMER INFLATION EXPECTATION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 01:00 | Consumer Inflation Expectation | 3.5% | - | 3.5% |
Australian Inflation Expectations Unchanged At +3.5% In Sep (Dow Jones)
[ Full Story ]- Read the Inflation data at Melbourne Institute
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 10 | 01:30 | AU | Employment Change (Aug) | -27.1K | -14.3K | 33.6K |
| 01:30 | AU | Unemployment Rate (Aug) | 5.8% | 5.9% | 5.8% | |
| 08:00 | EMU | ECB Monthly Report | ||||
| n/a | UK | Halifax House Prices (MoM) | 0.8% | 0.5% | 1.1% | |
| n/a | UK | Halifax House Prices (YoY) | -10.1% | -10.1% | -12.1% | |
| 11:00 | UK | BoE Interest Rate Decision | 0.5% | 0.5% | 0.5% | |
| 12:30 | CA | Canadian Investment in Foreign Securities (Jul) | -$1.4B | |||
| 12:30 | US | Continuing Jobless Claims (Aug 29) | 6200K | 6234K | ||
| 12:30 | CA | Foreign investment in Canadian securities (Jul) | $10.51B | |||
| 12:30 | US | Initial Jobless Claims (Sep 5) | 560K | 570K | ||