Friday, Sep 25, 11:23 GMT
U.S. Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
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
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
Tech Trading: EUR/GBP Squeezed higher by César B. Leiceaga
Signs of a reversal on price action mentioned on an earlier post didn't work out as I expected and players are pushing prices even higher in order to blow away short sellers stop's.
FX Market Readings: Either way stop hunt is expected by Dr. S. Sivaraman
Francesc’s Weblog: NFA New Requirements - $20mio plus 5% of the amount of customer liabilities over $10mio by Francesc Riverola
Sponsored by 
Live Sessions Schedule
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Sep 25, 15:00 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Sep 28, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 25, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Sep 28, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Sep 28, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Sep 28, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe − U.S.
USD/JPY: Dollar testing 90.00 support, at 7−month low
FXstreet.com − The Dollar has weakened further and broke below 90.35 support level to test 90.00 area, after hitting 89.95, its lowest level since mid February.
In case of consolidating below 90.00 next support levels lie at 89.70 (Feb 11 low) and 89.20 (Feb 5 low). On the upside, resistance levels lie at 90.85 session high, and above here, 91.55/65 (Sept 23 high) and 92.00/15.
EUR/USD
Risk Appetite Takes Multiple Hits & USD Gains by ACM − Advanced Currency Markets
Yesterdays massive sell off quickly took the bullish tone away fro this pair. Near term focus on 1.4611 & 1.4515 support. Above the 1.4515 the pair remains constructive.
GBP/USD
Several signals point to a correction today by ForexYard
Several signals point to a correction today. The 4−hour Slow Stochastic shows a fresh bullish cross, as does the daily MACD; with the price hovering in the over−sold territory on the 2−hour, 4−hour, and daily RSI.
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 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% |
US NEW HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 25 | 14:00 | New Home Sales | 443K | 433K |
Top Market Movers Review
UK TOTAL BUSINESS INVESTMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 25 | 08:30 | Total Business Investment (QoQ) | -10.2% | - | -7.6% |
United Kingdom Total Business Investment revised to −10.2% in Q2 ; −21.8% on year (FXstreet.com)
[ Full Story ]- Read the Business Investment − revised results at National Statistics
- UK 2Q Business Investment 2nd Estimate −10.2% QQ; −21.8% YY (Dow Jones)
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 25 | 06:10 | Gfk Consumer Confidence Survey | 4.3 | - | - |
UPDATE: German Consumer Confidence Rises, Labor Mkt Caution (Dow Jones)
German consumer sentiment is set to improve further in October after recent data have indicated the economy may be on track to recovery.
[ Full Story ]- Read the consumer climate study at Gfk
- Germany Gfk Consumer Confidence Survey improves to 4.3 in Oct from 3.7 in Sept (FXstreet.com)
- German GfK Oct Consumer Confidence At 4.3 Vs 3.8 In Sep (Dow Jones)
US G20 MEETING
| Date (GMT) | Event | Actual | 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 ]- G20 to replace G8 as world economic forum (Forex Live)
- Despite Some Rifts,US Sees Key G−20 Proposals Gaining Traction (Dow Jones)
- Latest G20 update (Forex Live)
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 23 | 18:15 | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% |
FED leaves rates unchanged; Dollar plunges across the board (FXstreet.com)
[ Full Story ]- Read the official statement at the Fed
- CURRENCIES: Dollar Firms After Hitting Lows On Fed Decision (Dow Jones)
- WORLD FOREX: Dollar Manages To Gain Vs Euro After Fed Mtg (Dow Jones)
- Forex: Dollar recovers and rises above pre−FOMC levels (FXstreet.com)
U.S: The Fed does not aim at higher rates by X−Trade Brokers, XTB
Weekend Analysis - Fed Speaks Positively...Overbought Brings Market Down...Nasty Topping Candle... by SwingTradeOnline.com
U.S: FOMC keeps rates unchanged and sees sustainable economic recovery by National Bank of Canada
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 25 | 00:00 | US | G20 Meeting | |||
| n/a | DE | Import Price Index (MoM) (Aug) | -0.9% | |||
| 06:10 | DE | Gfk Consumer Confidence Survey | 4.3 | |||
| 08:00 | EMU | M3 (YoY) (Aug) | 2.5% | 2.7% | 3.0% | |
| 08:30 | UK | Total Business Investment (QoQ) (2Q) | -10.2% | -7.6% | ||
| 08:30 | UK | Total Business Investment (YoY) (2Q) | -21.8% | -9.7% | ||
| 12:30 | US | Durable Goods Orders (Aug) | 0.3% | 4.9% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Aug) | 0.8% | 0.8% | ||
| 14:00 | US | New Home Sales (Aug) | 443K | 433K | ||
| 14:00 | US | New Home Sales (MoM) (Aug) | 2.2% | 9.6% | ||
Educational Resources
Losing To Win, It's All In Your Perception
This week Sam Seiden will demonstrate that like sports, trading is all about attitude. The winning attitude almost always beats the losing attitude. You have to be a good loser in order to win. Taking a small loss in trading is not wrong at all, it's the right thing to do and a MUST if you are ever to enjoy gains. Read whole Sam Seiden's article!
Other articles of this week's Lessons from the Pros
When It's Time to Take a Break from a Great Relationship... - Article by Sam Evans
TIC − Real Estate Without Daily Management - Article by Diana Hill
Verticals and Volatility - Article by Josip Causic
Some Tips on Using Average True Range - Article by Don Dawson