Wednesday, Sep 30, 11:00 GMT
U.S. Trading Newsletter
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Forex Blogs
Tech Trading: EUR/USD 1,4525 Strong support by César B. Leiceaga
The euro still remains bearish on shorter time frames and well capped by the 100 SMA on the 4 hour chart. A break above 1,4650's could push the euro to 1,4680 −1,4700 during today's U.S. session. I've noticed the importance of 1,4500 − 1,4525 support area from the daily triangle broken the month of August. Without a doubt a level to keep an eye on.
Trade Setups: FX markets are currently closed... please use diversion! by Phil Newton
FX Market Readings: Month end volatile moves by Dr. S. Sivaraman
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Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Wed, Sep 30, 11:30 GMT
Sponsored by: 
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 | ||||
| Wed, Sep 30, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Wed, Sep 30, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
| Wed, Sep 30, 15:00 GMT | The Dance of Debt−−China and the United States | Joseph Trevisani | WBN | |
| Wed, Sep 30, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
Informa Global Markets − The GBP/USD, which found support near a key Fibonacci level (38.2% retracement of the March low to the 2009 high) was buoyed by a severely oversold daily RSI. The GBP/JPY also held up at key retracement (50% of the entire 2009 recovery). While the oversold nature of the Pound merits a temporary recovery, a retest of the recent lows may be required to build a formidable accumulation pattern.
EUR/CHF
Market trades inside the lower channel and reached the support at 1.5084 by Varengold Wertpapierhandelsbank AG
Currently, the market trades inside the lower channel and reached the support at 1.5084, but the support line was strong enough to pull back the EUR in the lower channel.
USD/JPY
USDJPY continues to gravitate towards the lower bound of its downtrend by ACM − Advanced Currency Markets
USDJPY continues to gravitate towards the lower bound of its downtrend, near term support lies at 89.15 and 88.25, whilst rallies should remain capped below 90.50.
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 ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 30 | 12:15 | ADP Employment Change | -200K | -298K |
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Sep 30 | 12:30 | Gross Domestic Product Annualized | -1.2% | -6.4% |
| Sep 30 | 12:30 | Gross Domestic Purchases Price Index | 0.0% | -1.4% |
US economic indicators - Q2 GDP could be revised downward to –1.2% qoq by BHF−Bank
[ Full Story ]Four Big Economic Indicators to Watch by Money and Markets
US: Fear of fragile US economic recovery by Easy Forex
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 PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 30 | 09:00 | Consumer Price Index (YoY) | -0.3% | -0.2% | -0.2% |
- UPDATE: Euro−Zone CPI Fall Seen Temporary,Likely Rise By '10 (Dow Jones)
- Eurozone CPI falls beyond expectations; Euro, little moved (FXstreet.com)
- Euro Zone CPI falls 0.3% in Sep (FXstreet.com)
Top Fundamental Stories - Euro Area CPI Flash Remain Negative, Yet Unemployment Rate In Germany Beat Expectations by ecPulse.com
Top Fundamental Stories - Europe Ahead: Low Inflation Rate in Euro Zone is Expected to Remain Steady in September, While Unemployment Will Rise in Germany by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 30 | 05:00 | JP | Annualized Housing Starts (Aug) | 0.676M | 0.775 | 0.746M |
| 07:55 | DE | Unemployment Change (Sep) | -12K | 19K | -5K |
|
| 07:55 | DE | Unemployment Rate s.a. (Sep) | 8.0% | 8.4% | 8.3% | |
| 08:30 | UK | Index of Services (Jul) | -0.2% | -0.5% | -0.6% | |
| 09:00 | EMU | Consumer Price Index (YoY) (Sep) | -0.3% | -0.2% | -0.2% | |
| 09:30 | CH | KOF Leading Indicator (Sep) | 0.85 | 0.33 | -0.04 | |
| 11:00 | US | MBA Mortgage Applications (Sep 25) | 12.8% | |||
| 12:15 | US | ADP Employment Change (Sep) | -200K | -298K | ||
| 12:30 | CA | Gross Domestic Product (MoM) (Jul) | 0.4% | 0.1% | ||
| 12:30 | US | Gross Domestic Product Annualized (2Q) | -1.2% | -6.4% | ||
Educational Resources
It's All in Your Head...Part 1
Sam Evans gets down to the roots of successful trading. Success does not lie in the strategy or the indicator, but rather in the application of the strategy, and the efficiency of this application lies firmly in the hands of the individual. Read whole Sam Evans' article!
Related Resources
It's All in Your Head - Part 2: The Fear of Loss - Article by Sam Evans
This week featured article Things You May Want To Know - Article by Sam Seiden