Monday, Oct 12, 11:15 GMT
U.S. Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
Tech Trading: EUR/GBP To resume uptrend by César B. Leiceaga
The upward breakout of the triangle mentioned on earlier posts has driven eur/gbp to fresh 2009 high's.(http://blogs.fxstreet.com/techtrading/2009/10/08/intraday−outlook/) Apparently, operators have held euro and weakened cable in order to rise the pair. Next stop lays at 0,94 psychological resistance and 0,9472 (76,40 % Fib from the whole drop 0,98 − 0,84).
Trading for a living: I love mondays (again…) by David Aranzabal
The Advisor Weblog: Eur/Usd consolidating by Valeria Bednarik
Sponsored by 
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 12, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Did you Know SuperTraders Really do Exist in Forex?
Expert: Mark Whistler
Start: Mon, Oct 12, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 12, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Oct 12, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Oct 12, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Oct 12, 15:00 GMT | Did you Know SuperTraders Really do Exist in Forex? | Mark Whistler | WBN | |
Current Session: Europe − U.S.
EUR: Possibly attempt small shorts at 1.4710, adding to 1.4760
Mizuho Corporate Bank − Stuck between this year's high at 1.4845 (and a potential small ‘double top') and above the 9−day moving average as weaker currencies are hit first. We shall continue to pencil in another week or two of consolidation which would allow the Ichimoku ‘cloud' and trendline support to move closer to the Euro.
EUR/USD
Remains Pressured To The Downside, Targets The 1.5768 Level by FXTechstrategy
GBP/USD Weakness triggered off the 1.7041 level remains in place as attempts at correcting higher the past week failed and pushed the pair.
USD/JPY
USD/JPY had a strong bullish day on Friday by Turtle Futures
USDJPY had a strong bullish day on Friday after trying to break through the lower daily trend line on three occasions. We are now sitting on the 20 SMA at 90.26 (Daily).
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
New Zealand RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 12 | 21:45 | Retail Sales ex Autos (MoM) | 0.5% | -0.5% |
| Oct 12 | 21:45 | Retail Sales (MoM) | 0.6% | -0.5% |
UK RICS HOUSE PRICE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 12 | 23:00 | RICS House Price Balance | 15.1% | 10.7% |
US RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 12:30 | Retail Sales (MoM) | - | -0.2% |
| Oct 14 | 12:30 | Retail Sales ex Autos (MoM) | - | -0.5% |
Friday Notes - Retail Sales: Payback time as cash for clunkers program ended by UniCredit Group
Following the expiration of the cash for clunkers program in late August, car sales plunged 35% in September. In addition, we expect a reversal of the sales increases in most other categories that occurred in August and are not sustainable in our view.
[ Full Story ]- US retail sales probably fell in September (Forex Live)
US FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 18:00 | FOMC Minutes | - | - |
Top Market Movers Review
Germany WHOLESALE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 12 | 06:00 | Wholesale Price Index (YoY) | -8.1% | -7.7% | 8.3% |
| Oct 12 | 06:00 | Wholesale Price Index (MoM) | -0.2% | 0.2% | 0.7% |
Germany Wholesale Price Index decreases 0.2% MoM, 8.1% YoY in Sep (FXstreet.com)
[ Full Story ]- Read the WPI data at German Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 12 | 00:00 | US | Columbus Day | |||
| 00:00 | CA | Thanksgiving Day Bank Holiday | ||||
| 06:00 | DE | Wholesale Price Index (MoM) (Sep) | -0.2% | 0.2% | 0.7% | |
| 06:00 | DE | Wholesale Price Index (YoY) (Sep) | -8.1% | -7.7% | 8.3% | |
| 21:45 | NZ | Retail Sales (MoM) (Aug) | 0.6% | -0.5% | ||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Aug) | 0.5% | -0.5% | ||
| 23:00 | UK | RICS House Price Balance (Sep) | 15.1% | 10.7% | ||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Sep) | -0.1% | |||
Educational Resources
As I am writing, I am on an airplane cruising at 34,000 feet on my way home from Foolsville. This trip was such an experience, I could not wait to start writing and sharing it with you. I was there two days and really made the most of my time. In the end, I finally figured out something I have been wondering about for a long time. Read Sam Seiden's article
Related Resources
Foolsville, Part 1 by Sam Seiden
Components of a Personal Trading Plan by Don Dawson