Tuesday, Sep 22, 11:16 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
- Use our brand new performance table! See ranges for main pairs in % or pips from 5 min to YTD. Go Now!
- 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 Near 38,20% Fib by César B. Leiceaga
Cable's rebound from 1,6140's has opened space for further gains against the U.S. dollar. The next level to watch out for stands at 1,6365 (38,20% Fib) and 1,6400 resistance area were 30,100 and 200 simple moving averages meet.
FX Market Readings: Session start upward stop hunt without follow up by Dr. S. Sivaraman
The Trader's Edge: Will the EUR/USD continue to rise? by Ross Yamashita
Sponsored by 
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Sep 22, 14:00 GMT
Type of Session: Webinar
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Sep 22, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 22, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Sep 22, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Sep 22, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Sep 22, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
Current Session: Europe − U.S.
Rising Optimism in Asia Sends USD Lower
ACM − Advanced Currency Markets − The pair is on a breakout this morning having broken the intraday downtrend late yesterday afternoon but the timing of this move suggests it is part of an extremely large multi asset trade executed around the market open in Europe. The 4 hour RSI still continues to trend in the completely opposite direction so I would not be getting overly bullish or joining the long crowd until that changes, if at all.
USD/CHF
A sharp fall brought the dollar to the current level of 1.0235 by Mizuho Corporate Bank
A sharp fall this European morning brought the dollar to the current level of 1.0235 against the Swiss franc. We expect more of this weakness to come, but not right now. An ideal selling point would be the 1.0290 level
GBP/USD
GBP/USD: Pound reaches 1.6350 high by FXstreet.com
The Sterling has extended recovery from Monday's 2−weeks low at 1.6130, to 1.6350 resistance which has capped Pound's rally and the pair trades at 1.6320 at the moment of writing.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Canada RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 22 | 12:30 | Retail Sales ex Autos (MoM) | 0.1% | 1.0% |
| Sep 22 | 12:30 | Retail Sales (MoM) | 0.5% | 1.0% |
US HOUSING PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Sep 22 | 14:00 | Housing Price Index (YoY) | - | -5.6% |
| Sep 22 | 14:00 | Housing Price Index (MoM) | 0.5% | 0.5% |
KBC News Picks - US: Further signs of improvement in housing market by KBC Bank
Both housing under construction and housing completed dropped in August. The data provide further evidence that the US housing market is doing better, but the improvement is more remarkable in the market of new and existing homes.
[ Full Story ]UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 23 | 08:30 | Bank of England Minutes | - | - |
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 23 | 18:15 | Fed Interest Rate Decision | 0.25% | 0.25% |
Which central bank will pull the trigger first? by Easy Forex
There appears to be a rift at the Fed over how quickly to hike rates and scale back quantitative ease as the US economy recovers.
[ Full Story ]- Asian Shares End Mixed; Caution Ahead Of Fed, G−20 Meetings (Dow Jones)
- Asian market mixed, caution dominates ahead of Fed, G−20; Euro and Yen bounce up (FXstreet.com)
Forex Market Video - Ahead of US Federal Fund's Rate by ForexYard
Live Daily Broadcast - Today's Live Show: A Look at the USD, EUR, GBP and JPY Ahead of the Fed by AllThingsForex
Top Market Movers Review
Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 22 | 06:15 | Trade Balance | 1.79B | 2.03B | 2.21B |
- Switzerland Trade Balance surplus decreases to 1.79B in Aug (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 21 | 12:30 | CA | Canadian Investment in Foreign Securities (Jul) | $0.53B | -$1.40B | |
| 12:30 | CA | Foreign investment in Canadian securities (Jul) | $0.35B | $7.76B | $10.51B | |
| 14:00 | US | Leading Indicators (MoM) (Aug) | 0.6% | 0.8% | 0.9% |
|
| 22:45 | NZ | Current Account (2Q) | 0.12B | -1.88 | -0.68B |
|
| Sep 22 | 05:45 | CH | SECO Economic Forecasts | |||
| 06:15 | CH | Trade Balance (Aug) | 1.79B | 2.03B | 2.21B |
|
| 12:30 | CA | Retail Sales (MoM) (Jul) | 0.5% | 1.0% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Jul) | 0.1% | 1.0% | ||
| 14:00 | US | Housing Price Index (MoM) (Jul) | 0.5% | 0.5% | ||
| 14:00 | US | Housing Price Index (YoY) (Jul) | -5.6% | |||
Educational Resources
Featured Educator: Kim Cramer Larsson
Kim Cramer Larsson has 19 years in the financial industry and 12 years experience in working with technical analysis. He's a close contributor of FXstreet.com and will also be Key Speaker at FXstreet.com's International Traders Conference in Barcelona on October 14−16. Check his author's page to know more about him and his contributions!
Related Resources
Today's Trading Signals - The most viewed report of FXstreet.com
Key Speaker at the ITC 09 Barcelona on October 14-16 - Register deadline is October 2nd!