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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!
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- WEBINAR VIDEOS: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- All the events of the day in our Economic Calendar
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Forex Blogs
Tech Trading: GBP/USD Breaking 1,6350 by Ross Yamashita
Cable is plunging and breaking through one of the most significant Fib levels as expected.(http://blogs.fxstreet.com/techtrading/2009/09/14/gbpusd−trendline−broken/). The 61,8 Fib from the whole move 1,6110 − 1,6740 lays around 1,6350 area. The pound is now testing psychological support area at 1,6300.
FX Market Readings: Week end expected market moves by Dr. S. Sivaraman
The Trader's Edge: EUR/USD - Part 2 (Analysis) by Ross Yamashita
Sponsored by 
Live Sessions Schedule
Tracking the forex market together / Part II
Expert: Dr.S.Sivaraman
Start: Fri, Sep 18, 14:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Sep 18, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 18, 11:00 GMT | Three steps that help increase your odds when trading Forex  | Sam Seiden | WBN |  |
| Fri, Sep 18, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Sep 18, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Fri, Sep 18, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
A move below 1.63 would prompt a deeper selloff
ACM − Advanced Currency Markets −GbpUsd continues to sink as the price fell by roughly 80pips through the 1.64 level of support establishing new lows on the week. A move below 1.63 would prompt a deeper selloff, however we do not believe there is enough volume to push pair this low before Friday close. The price decreased 1.9% over the last several days, RSI remains at low levels (36.96).
EUR/USD
It takes more to correct this market's overheated condition, perhaps to 1.4620 by Swiss e Trade AG
The market, in a sound downward correction, is trading currently at 1.4685 from highs around 1.4750. It takes more to correct this market's overheated condition, perhaps down to levels around 1.4620 today.
USD/JPY
As long as we stay above the ascending line a break of 91.62 could happen by FXstreet.com Independent Analyst Team
If you look, we have a possible triangle formation here (bullish) with the top at 91.64 and the ascending trend line at 90.95. As long as we stay above the ascending line I am bullish and would look for a break of 91.62
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis, KBC, Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Review
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 18 | 08:30 | Public Sector Net Borrowing | £16.1B | £12.5B | £8.0B |
- UK Aug PSNB rises to £16.1B in Aug from £8B (FXstreet.com)
EMU CURRENT ACCOUNT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 18 | 08:00 | Current Account n.s.a | €8.8B | - | €0.8B |
| Sep 18 | 08:00 | Current Account s.a | €6.6B | -€4.3B | -€4.3B |
DATA SNAP: Euro−Zone Current Acct Swings Into Black In July (Dow Jones)
The euro zone's current account in July swung into surplus for the first time since February 2008, as the goods surplus widened sharply.
[ Full Story ]- Read the Current Account data at the ECB
- 2nd UPDATE: Euro−Zone Current Acct Swings Into Black (Dow Jones)
- UPDATE: Euro−Zone Current Acct Swings Into Black In July (Dow Jones)
- Euro Zone Current Account s.a increases to €6.6B surplus in Jul (FXstreet.com)
Top Fundamental Stories - Euro Zone Current Account Reveals a Surplus for First Time since the Beginning of 2008! by ecPulse.com
Top Fundamental Stories - Europe Ahead: The current account in the Euro Zone might trail the Trade Balance by ecPulse.com
EMU economic indicators - EMU trade balance and current account by BHF−Bank
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 18 | 06:00 | Producer Price Index (MoM) | 0.5% | 0.1% | -1.5% |
| Sep 18 | 06:00 | Producer Price Index (YoY) | -6.9% | -7.2% | -7.8% |
DATA SNAP: German Producer Prices Above Forecasts In August (Dow Jones)
[ Full Story ]- Read the PPI data at German Statistics [text in German]
- Germany Aug PPI up 0.5% MoM, down 6.9% YoY (FXstreet.com)
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% |
KBC News Picks - US: Retail sales show biggest increase since January 2006 by KBC Bank
In August, US retail sales rose by 2.7% M/M, the sharpest increase since January 2006. The previous figure was slightly downwardly revised from −0.1% M/M to −0.2% M/M.
[ 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)
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
FX View - Strength in U.S. retail sales boosts dollar – but for how long? by Interactive Brokers LLC
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 18 | 08:00 | EMU | Current Account n.s.a (Jul) | €8.8B | €0.8B |
|
| 08:00 | EMU | Current Account s.a (Jul) | €6.6B | -€4.3B | -€4.3B |
|
| 08:30 | UK | CML Gross Mortgage Lending s.a. | £12.6B | £16.0B | ||
| 08:30 | UK | M4 Money Supply (MoM) (Aug)  | 0.1% | 0.7% | 1.3% |
|
| 08:30 | UK | M4 Money Supply (YoY) (Aug) | 12.6% | 13.8% | 14.4% |
|
| 08:30 | UK | Public Sector Net Borrowing (Aug) | £16.1B | £12.5B | £8.0B | |
| 12:30 | CA | Wholesale Sales (MoM) (Jul) | 0.7% | 0.6% | ||
| Sep 20 | 22:45 | NZ | Visitor Arrivals (Aug) | 3.9% | ||
| 23:01 | UK | Rightmove House Price Index (MoM) (Sep) | -2.2% | |||
| 23:01 | UK | Rightmove House Price Index (YoY) (Sep) | -3.1% | |||
Educational Resources
New NFA Regulations: How Currency Trading Will Be Affected
In this webinar Rob Booker covers the new rules, some possible new rules, and talk about ways that traders are dealing with the regulations and what you can do, too. See whole Rob Booker's webinar recording!
Related Resources
Facing the New NFA Regulation - Article by Alberto Muñoz
Leverage on focus - Article by John Putman II