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Forex Blogs
Tech Trading: EUR/GBP Drills main bearish trendline by César B. Leiceaga
On my previous post on Eur/gbp I mentioned my bearish outlook on the pair unless a close above 0,89. That close ocurred last session, invalidated my trade setup and stopped me out!
The Advisor Weblog: Starting the day by Valeria Bednarik
Chartology: USD/CHF: Looking at two time frames for set ups by Raghee Horner
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Sep 17, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Sep 17, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 17, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Sep 17, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Sep 17, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Fri, Sep 18, 09:00 GMT | Trading the Harmonic patterns | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
EUR/USD probes December swing high
Informa Global Markets − The EUR/USD has extended strength through the key (61.8%) Fibonacci retracement near 1.46 to probe the December swing high at 1.4270. This pivot is also a 1.236% extension of the 50% & 61.8% retracement levels of the 2008 high−2009 low range. Daily RSI is at severly overbought levels and is above 77 (9−period) for only the fifth time in two years. Meanwhile, the DXY (US Dollar Index) is now 7.5% below its 200−day moving average, the most since carving out a bottom 17 months ago.
GBP/USD
Cable, on the downside while below 1.6540 by Charmer Charts.com
Cable stayed range bound yesterday whipping between 1.6520 ad 1.6430. Currently however the pressure still remains to the downside and it is only a break of 1.6540 that would alter the view in the short term.
USD/JPY
The daily picture tells it all with a gravestone and a dragon fly candle by FXstreet.com Independent Analyst Team
A battle of bulls and bears. The bulls are protecting their 90.00 level. The hourly picture shows a nice formation. Is this a triangle formation or a slight descending wedge?
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis, KBC, Mataf.net, Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Switzerland SNB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 17 | 12:00 | SNB Interest Rate Decision | 0.25% | 0.25% |
US HOUSING STARTS
| Date (GMT) | Event | Cons. | Previous | |
| Sep 17 | 12:30 | Housing Starts (YoY) | 0.59M | 0.58M |
| Sep 17 | 12:30 | Building Permits (MoM) | 0.58M | 0.56M |
US economic indicators - Housing starts (August): continuing to stabilise by BHF−Bank
Despite the modest upward trend in the NAHB index, housing starts fell by 1% mom in July. However, singlefamily starts continued to rise for the fifth consecutive month.
[ Full Story ]The Week Ahead - Business Inventories, CPI, IP, Retail Sales and Housing Starts by BBVA Bancomer
Top Market Movers Review
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 17 | 08:30 | Retail Sales (MoM) | 0.0% | 0.3% | 0.2% |
| Sep 17 | 08:30 | Retail Sales (YoY) | 2.1% | 2.8% | 2.9% |
- 2nd UPDATE:UK Aug Retail Sales Flat MM;Still Implies 3Q Rise (Dow Jones)
- UPDATE: UK Aug Retail Sales Flat On Month, In Line With BRC (Dow Jones)
- UK retail sales, weaker than in August; Pound drops back to 1.6500 (FXstreet.com)
Top Fundamental Stories - Retail Sales Retreated in the U.K. For the Second Month, While Trade Balance in the Euro Zone Reached its Highest in 7 Years by ecPulse.com
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 17 | 04:00 | BoJ Interest Rate Decision | 0.1% | 0.1% | 0.1% |
- Read the Rate data at Bank of Japan
- BOJ Yamaguchi: World Econ Recovery Momentum To Last For While (Dow Jones)
- BOJ leave rates unchanged (Forex Live)
Top Fundamental Stories - The BOJ kept interest rates at 0.10% and raised its assessment for the economy by ecPulse.com
Asia Market Update - BOJ raises assessment after strong industrial sector data by TradeTheNews.com
Japan: BoJ sees signs of recovery by Danske Bank A/S
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 16 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.1% | 0.1% | 0.1% |
| Sep 16 | 12:30 | Consumer Price Index (YoY) | -1.5% | -1.7% | -2.1% |
| Sep 16 | 12:30 | Consumer Price Index (MoM) | 0.4% | 0.4% | 0.0% |
| Sep 16 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.4% | 1.4% | 1.5% |
Top Fundamental Stories - CPI Increases more than Estimates in August, as Housing, Food, and Transportation Prices Rise! by ecPulse.com
[ Full Story ]- Read the CPI data at Labor Department
- Summary Of U.S. Consumer Price Data From Labor Dept (Dow Jones)
- DATA SNAP: US CPI Rises On Energy Prices, Core Up Slightly (Dow Jones)
- U.S. CPI grows 0.4% on energy prices; Dollar edges up (FXstreet.com)
Daily Global Commentary - The Energy Price Index Lifts Consumer Price Index in August by Northern Trust
Top Fundamental Stories - Further economic enhancement expected to be witnessed in the U.S throughout today's news… by ecPulse.com
The Week Ahead - Business Inventories, CPI, IP, Retail Sales and Housing Starts by BBVA Bancomer
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 15 | 12:30 | Retail Sales ex Autos (MoM) | 1.1% | 0.4% | -0.5% |
| Sep 15 | 12:30 | Retail Sales (MoM) | 2.7% | 1.7% | -0.2% |
US: Retail Sales Jumped Higher in August by Wells Fargo Investments, LLC
Retailers turned in a surprisingly strong month in August; sales were up 2.7 percent. Even excluding the cash−for−clunkers−fueled results at auto dealers, sales rose 1.1 percent, the best gain since February.
[ Full Story ]- Read the Retail Sales data at the Census Bureau
- CURRENCIES: Dollar Gains After Retail Sales, Price Data (Dow Jones)
- CURRENCIES: Dollar Adds To Gain After Retail Sales, Price Data (Dow Jones)
- CURRENCIES: Dollar Adds To Gain After Retail Sales, Price Data (Dow Jones)
KBC News Picks - US: Retail sales show biggest increase since January 2006 by KBC Bank
Daily Global Commentary - Autos and Non−auto Components Lift Retail Sales in August by Northern Trust
US: Good news on underlying consumption by Danske Bank A/S
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 17 | 08:30 | UK | Retail Sales (MoM) (Aug) | 0.0% | 0.3% | 0.2% |
| 09:00 | EMU | Construction Output s.a (MoM) (Jul) | -2.0% | -0.3% |
||
| 09:00 | EMU | Construction Output w.d.a (YoY) (Jul) | -10.8% | -7.8% |
||
| 09:00 | EMU | Trade Balance n.s.a. (Jul) | €12.6B | €6.4B | €5.4B |
|
| 09:00 | EMU | Trade Balance s.a. (Jul) | €6.8B | €1.2B | €2.3B |
|
| 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Sep) | -48 | -49 | -54 | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Aug) | 0.1% | 0.0% | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Aug) | 1.8% | |||
| 11:00 | CA | Consumer Price Index (MoM) (Aug) | 0.3% | -0.3% | ||
| 11:00 | CA | Consumer Price Index (YoY) (Aug) | -0.9% | |||