Tuesday, Sep 29, 11:07 GMT
U.S. Trading Newsletter
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International Traders Conference
REGISTER DEADLINE IS VERY CLOSE!
Rob Booker, James Chen, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi, Andrei Pehar and Valeria Bednarik will be in Barcelona for FXstreet.com's conference... They will LIVE TRADE next to you!
Don't miss it! Deadline to register is OCTOBER 2nd!
Visit our website and Register now!
To Get Started
- Do you know it all about FX? Test yourself! Learning Center Practice A is out!
- Use our brand new performance table! See ranges for main pairs in % or pips from 5 min to YTD. Go Now!
- WEBINAR VIDEOS: FX Market Pulse by Raghee Horner
- All the events of the day in our Economic Calendar
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Forex Blogs
Tech Trading: EUR/GBP Doji? by César B. Leiceaga
Price action on the daily eur/gbp chart has drawn a flawless gravestone doji on yesterday's session indicating a possible market top is in place only if no close above previous high's occurs. The fact that RSI remains on extreme overbought conditions reinforces this approach.
FX Market Readings: Slide and drop for a day by Dr. S. Sivaraman
Francesc's Weblog: Forex.es Spanish Forex Forum reaches new highs by Francesc Riverola
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Live Sessions Schedule
Getting ready to trade October
Expert: Adam Rosen
Start: Tue, Sep 29, 13:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Sep 29, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 29, 13:00 GMT | Getting ready to trade October | Adam Rosen | WBN |  |
| Tue, Sep 29, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Sep 29, 15:00 GMT | Unlocking the Forex broker selection confusion | Javier Paz | WBN | |
| Tue, Sep 29, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
Current Session: Europe − U.S.
A good correction has been seen from 1.5770
Charmer Charts.com − As stated resistance is at 1.6020/40. If this region is breached then a return move to the break of the neckline at 1.6175 will follow. Here sellers will be out in force and it is unlikely that this resistance will be breached.
EUR/USD
EUR/USD remains between 1.4515 and 1.4730 by ACM − Advanced Currency Markets
EURUSD is likely to continue trading in a choppy fashion as we remain between 1.4515 and 1.4730. 14−day RSI currently stands at a benign 57 which does not suggest the pair is oversold after last week's correction lower
USD/JPY
The dollar is trading presently at 89.84 after a brief rally above 90.00 by Swiss e Trade AG
The dollar is trading presently at 89.84 after a brief rally which took it above the important 90.00 resistance level. The trend is pointing to another test of the 90.00 handle but we do not see prices much higher than 90.50 in today's trading.
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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 29 | 14:00 | Consumer Confidence | 57.0 | 54.1 |
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 30 | 12:15 | ADP Employment Change | -194K | -298K |
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Oct 1 | 14:00 | ISM Manufacturing | 53.9 | 52.9 |
Weekly Focus - US ISM and employment data is the main event next week by Danske Bank A/S
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 2 | 12:30 | Nonfarm Payrolls | -188K | -216K |
Friday Notes - Monthly employment report: Still not out of the woods by UniCredit Group
As the recession ended and production keeps rising, the number of job losses has declined appreciably. The ongoing downward trend in initial jobless claims corroborates that, in particular, the pace of layoffs is slowing down.
[ Full Story ]Weekly Focus - US ISM and employment data is the main event next week by Danske Bank A/S
Top Market Movers Review
EMU CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 29 | 09:00 | Consumer Confidence | -19 | -21 | -22 |
| Sep 29 | 09:00 | Industrial Confidence | -24 | -24 | -25 |
| Sep 29 | 09:00 | Economic Confidence | 82.8 | 82.5 | 80.6 |
UPDATE: Euro−Zone Sept Confidence Pickup Suggests 3Q Growth (Dow Jones)
[ Full Story ]- Read the Confidence data at the European Comission
- Eurozone consumer confidence improvement fails to cheer the Euro (FXstreet.com)
- Euro Zone Sep Industrial Confidence up to −24 from −25 (FXstreet.com)
- Euro Zone Economic Confidence rises to 82.8 in Sep from 80.6 (FXstreet.com)
Top Fundamental Stories - GDP in the U.K. to improve slightly, While Confidence is Expected to Show Further Progress in the Euro Zone by ecPulse.com
EMU economic indicators - EMU industrial confidence and economic sentiment (September): up by BHF−Bank
Friday Notes - EMU, Economic Confidence: Getting close to the expansionary threshold by UniCredit Group
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 29 | 08:30 | Gross Domestic Product (YoY) | -5.5% | -5.4% | -5.6% |
| Sep 29 | 08:30 | Gross Domestic Product (QoQ) | -0.6% | -0.6% | -2.4% |
- UPDATE: UK 2Q GDP Revised Up, Record Annual Fall Stands (Dow Jones)
- Pound remains weak after UK data (FXstreet.com)
- DATA SNAP: UK 2Q GDP Revised Up, Record Annual Fall Stands (Dow Jones)
UK Final GDP Unlikely To Be Sterling's Salvation by ACM − Advanced Currency Markets
Top Fundamental Stories - GDP in the U.K. to improve slightly, While Confidence is Expected to Show Further Progress in the Euro Zone by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 29 | 08:30 | UK | M4 Money Supply (MoM) (Aug) | 0.1% | 1.3% | |
| 08:30 | UK | M4 Money Supply (YoY) (Aug) | 12.5% | 14.4% | ||
| 09:00 | EMU | Consumer Confidence (Sep) | -19 | -21 | -22 | |
| 09:00 | EMU | Economic Confidence (Sep) | 82.8 | 82.5 | 80.6 | |
| 09:00 | EMU | Industrial Confidence (Sep) | -24 | -24 | -25 |
|
| 10:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Sep) | 3 | -15 | -16 | |
| 13:00 | US | S&P/Case−Shiller Home Price Indices (Jul) | -14.3% | -15.4% | ||
| 14:00 | US | Consumer Confidence (Sep) | 57.0 | 54.1 | ||
| 20:30 | US | API Crude Oil Inventories (Sep 25) | 276K | |||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Sep 27) | -46 | |||
Educational Resources
Featured Educator: Valeria Bednarik
Valeria Bednarik has been an active Forex trader for the last 5 years, specializing in the International Foreign Exchange Market. She'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 her author's page to know more about her and her contributions!
Related Resources
Trading Day's Live Wrap Up Live Session at 22:30 GMT Tuesday,29 Sep.- Register Here
Key Speaker at the ITC 09 Barcelona on October 14-16 - Register deadline is October 2nd!