Friday, Sep 11, 11:26 GMT
U.S. Trading Newsletter
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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: Forex Basics Series - Technical Figures by Valeria Bednarik
- All the events of the day in our Economic Calendar
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Forex Blogs
Tech Trading: EUR/USD Bullish sentiment by César B. Leiceaga
Looking at the daily chart, the pair has reached the 61,80% Fibonacci level at 1,4621 (purple line on the chart) from the whole drop 1,6037 − 1,2327.
The Trader’s Edge: EUR/USD Outlook and Comments by Ross Yamashita
Trading for a living: Trading the Asian Channel in Cable by David Aranzabal
Sponsored by 
Live Sessions Schedule
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Sep 11, 15:00 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Sep 14, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 11, 13:00 GMT | FX Market Pulse  | Raghee Horner | WBN |  |
| Fri, Sep 11, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Sep 14, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Sep 14, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
Dollar down across the board, gold back above $1000/Oz
FXstreet.com − Dollar continues extending loses across the board, as gold regain the $ 1000/oz, after a short correction to $ 982.00 support past Thursday. The commodity, that has been leading the way since early this week, has send both Australian and New Zealand dollars above the 61.8% Fibonacci retracement of each one monthly fall; this signals further appreciation for both currencies.
EUR/USD
EUR: Buy at 1.4620, adding to 1.4500; stop well below 1.4450 by Mizuho Corporate Bank
This week's fifth best performing currency (Swedish krona's top dog) posting a new high for this year at 1.4622 (and hard to believe we started the week at 1.4290).
USD/JPY
The Best Cross to Trade now − GBP/USD by Easy Forex
We prefer to LONG near 16680 with a STOP @ 16610 with a profit target of 16760−16860 levels. If the pullback is not seen and the price hits our target first then we let go this trade as it has reached...
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 Review
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 11 | 08:30 | Producer Price Index − Output (MoM) n.s.a | 0.2% | - | 0.3% |
| Sep 11 | 08:30 | Producer Price Index − Input (YoY) n.s.a | -7.5% | - | -12.2% |
| Sep 11 | 08:30 | Producer Price Index − Input (MoM) s.a | 2.2% | - | -1.4% |
| Sep 11 | 08:30 | Producer Price Index − Output (YoY) n.s.a | -0.4% | - | -1.3% |
UK PPI improves in August, Pound remains at monthly highs (FXstreet.com)
[ Full Story ]- Read Producer Price Index data at National Statistics
- DATA SNAP: UK Aug PPI Rises Less Than Expected (Dow Jones)
- UK Aug Output PPI advances 0.2% MoM; slides 0.4% YoY (FXstreet.com)
- UK Aug PPI − Input rises 2.2%; drops 7.5% YoY (FXstreet.com)
Germany WHOLESALE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 11 | 07:14 | Wholesale Price Index (MoM) | 0.7% | - | -0.5% |
- Wholesale prices in August 2009 at Statistisches Bundesamt Deutschland
Japan GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 23:50 | Gross Domestic Product (QoQ) | 0.6% | - | 0.9% |
Japan Apr−Jun Revised Real GDP +0.6% Q/Q; Prelim +0.9% (Dow Jones)
[ Full Story ]- Read the GDP data at ESRI
- Japanese Q2 GDP +0.6% QoQ versus expectations +0.9% (Forex Live)
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 13:00 | BoC Interest Rate Decision | 0.25% | 0.25% | 0.25% |
- Read the official statement at BoC
- Forex: USD/CAD reacts down and tests 1.0800 after BoC decision (FXstreet.com)
- BoC keeps the overnight target rate unchanhed at 0.25% (FXstreet.com)
- Canada Afternoon: C$ Settles Slightly Lower Ahead Of BOC Thu (Dow Jones)
Daily U.S. Forex Summary - Bank of Canada is expected to keep rates on hold by Union Bank of California
Preview of BOE & BOC policy meetings by Easy Forex
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 12:30 | Trade Balance | -$31.96B | -$27.10B | -$27.49B |
- U.S. International Trade Data at U.S. Census Bureau
- Forex: USD/JPY: Dollar breaks lower hits 91.43; 7−month low (FXstreet.com)
- Forex: EUR/USD: Euro hits session high at 1.4605 on U.S. data (FXstreet.com)
- Forex: GBP/USD: Pound extends rally above 1.6650 on U.S. data (FXstreet.com)
US economic indicators - Trade balance (Jul): Imports lifted by temporary surge in car demand by BHF−Bank
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. On the other hand, the MPC held the Asset Purchase Facility program at 175 billion pounds.
[ Full Story ]- Read the official statement at BoE
- Forex: GBP/USD breaks 1.6600 resistance after BoE statement (FXstreet.com)
- 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)
Currency Trading News - British Pound Rallies after BoE holds Rates at Record Low, Maintains QE by DailyFX
US Morning Notes - GBP higher, BOE leaves rates and QE unchanged by Easy Forex
Daily World Market Update - Bank of England Preview by World First UK Ltd
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 11 | n/a | DE | Wholesale Price Index (YoY) (Aug) | 8.3% | -10.6% | |
| n/a | DE | Wholesale Price Index (MoM) (Aug) | 0.7% | -0.5% | ||
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (Aug) | 2.2% | -1.4% | ||
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Aug) | -7.5% | -12.2% | ||
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Aug) | 0.2% | 0.3% | ||
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (Aug) | -0.4% | -1.3% | ||
| 12:30 | US | Import Price Index (MoM) (Aug) | -0.7% | |||
| 12:30 | US | Import Price Index (YoY) (Aug) | -19.3% | |||
| 12:30 | CA | New Housing Price Index (MoM) (Jul) | -0.2 | |||
| 12:30 | CA | New Housing Price Index (YoY) (Jul) | -3.3% | |||