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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!
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: London Session Scenarios on GBPUSD & GBPJPY by Mihai Marinescu
- All the events of the day in our Economic Calendar
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Forex Blogs
1st on Forex: FOMC − on the Text Watch by Jerry Furst
Ben Bernanke and team are widely expected to leave interest rates unchanged. But the reaction will likely take place about 5 minutes after the text statement is digested.
Tech Trading: EUR/GBP Reversing by César B. Leiceaga
FX Market Readings: Quick rise in GBP by Dr. S. Sivaraman
Sponsored by 
Live Sessions Schedule
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Sep 23, 14:00 GMT
Type of Session: Webinar
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Wed, Sep 23, 17:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 23, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Sep 23, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Sep 23, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
| Wed, Sep 23, 17:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN | |
Current Session: Europe − U.S.
Dollar Decline Unlikely To Halt For FOMC
ACM − Advanced Currency Markets − The release of the BoE minutes spurred GBPUSD higher, threatening the top of the larger downtrend (see today's chart). But last week's 1.6454 high will pose a considerable headwind to a GBP rally, there should be some support below through 1.6350 and further down at 1.6300.
EUR/USD
Stuck in a sideways channel at the moment (1.4844 – 1.4770) by FXstreet.com Independent Analyst Team
We are stuck in a sideways channel at the moment (1.4844 – 1.4770). We have the previous high from September 2008 at 1.4865 which will hold some resistance.
NZD/USD
NZD has been trading in a bullish trend channel since early September by ecPulse.com
Since the beginning of September, the NZD has been trading in a bullish trend channel versus the USD. It always rebounded when it touched the upper line and dropped at least again.
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
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 23 | 18:15 | Fed Interest Rate Decision | 0.25% | 0.25% |
FOMC: preview of policy meeting by Danske Bank A/S
Economic data have continued to improve and we believe that this will be noted in the FOMC statement. Inflation pressures on the other hand remain subdued.
[ Full Story ]- European markets, advance ahead of Fed; Euro and Pound remain strong (FXstreet.com)
- Asian markets decline ahead of FOMC; Euro and Pound consolidate gains (FXstreet.com)
Fundamental Currencies Comments - Dollar Depreciate In Markets Ahead of FOMC by ecPulse.com
European Session: Market Wait for BoE Minutes then FOMC by ACM − Advanced Currency Markets
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 24 | 14:00 | Existing Home Sales (MoM) | 2.1% | 7.2% |
| Sep 24 | 14:00 | Existing Home Sales | 5.35M | 5.24M |
US G20 MEETING
| Date (GMT) | Event | Cons. | Previous | |
| Sep 25 | 00:00 | G20 Meeting | - | - |
Daily FX Market Commentary - G20 meeting in Pittsburgh this week by Danske Bank A/S
World Bank president Robert Zoellick urges leaders of the G−20 at the Pittsburgh−meeting held this week (see home page) to set "an ambitious agenda for responsible globalisation.
[ Full Story ]- Asian market mixed, caution dominates ahead of Fed, G−20; Euro and Yen bounce up (FXstreet.com)
- Asian Shares Mixed; Caution Before Fed, G−20 Meetings (Dow Jones)
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Sep 25 | 12:30 | Durable Goods Orders ex Transportation | 0.8% | 0.8% |
| Sep 25 | 12:30 | Durable Goods Orders | 0.3% | 4.9% |
Top Market Movers Review
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 23 | 08:30 | Bank of England Minutes | - | - | - |
European Market Update - BOE minutes express some optimism in outlook by TradeTheNews.com
Top Fundamental Stories - BoE voted unanimously for leaving rates steady and not changing APF program by ecPulse.com
European Session: Market Wait for BoE Minutes then FOMC by ACM − Advanced Currency Markets
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 23 | 08:00 | Purchasing Manager Index Services | 50.6 | 50.5 | 49.9 |
| Sep 23 | 08:00 | Purchasing Manager Index Manufacturing | 49.0 | 49.8 | 48.2 |
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 23 | n/a | EMU | Purchasing Manager Index Manufacturing (Sep)  | 49.0 | 49.8 | 48.2 |
| 08:30 | UK | Bank of England Minutes | ||||
| 08:30 | UK | BBA Mortgage Approvals (Aug) | 38.10K | 41.10K | 38.18K | |
| 09:00 | EMU | Industrial New Orders (YoY) (Jul) | -24.3% | -25.0% | -25.7% |
|
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Jul) | 2.6% | 2.0% | 4.0% |
|
| 11:00 | US | MBA Mortgage Applications (Sep 18) | 12.8% | -8.6% | ||
| 13:30 | US | Treasury's Geithner Speech | ||||
| 14:30 | US | EIA Crude Oil Stocks change | -1.4M | -4.7M | ||
| 18:15 | US | Fed Interest Rate Decision | 0.25% | 0.25% | ||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Aug) | ¥180.0B | ¥194.5B | ||
Educational Resources
The Federal Reserve and The FOMC Committee
The Fed is the Central Bank of the United States, setting Monetary Policy and broadly ensuring the stability and development of the US Financial System. Its mandate is the following: the setting of monetary policy; to ensure economic growth and currency stability; to regulate US Banking institutions and to maintain the macro−stability of the US financial system; and to provide financial Services to the US Government.Read whole article!
Related Resources
Learning Center - Interest Rates section in Chapter B02
Forex 30-day Trading Program Course - The Central Banks
How to Trade a News Breakout - Article from The Forex Journal