Tuesday, Oct 13, 11:11 GMT
U.S. Trading Newsletter
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Forex Blogs
Tech Trading: USD/JPY Losing momentum? by César B. Leiceaga
The 23,60 % Fibonacci resistance at 90,30 − 90,50 of the whole bear leg from 97,82 to 87,96 has capped any further rallies in usd/jpy. The rebound from support has lost strength and the false trendline breakout could indicate a re−test of 88,00 zone over the coming sessions.
Francesc's Weblog: Venture Firms Making Bets On Forex Start-Ups by Francesc Riverola
Trading for a living: Pound is punished again at the european opening by David Aranzabal
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Oct 13, 14:00 GMT
Type of Session: Webinar
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Oct 13, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 13, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Oct 13, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Oct 13, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Oct 13, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
Current Session: Europe − U.S.
Dollar had a doji day yesterday on the Daily chart against Yen
Turtle Futures − We warned yesterday of a possible correction lower. 1hr we can get a good count on Elliott Wave with us now being in wave 5. We are above the 20 SMA and the move lower did look corrective. I am bullish but would need a break of the previous high to signal the next move up to the 91.60 area. This was a previous resistance zone. A break below 89.63 would tune us bearish to 89.30
USD/CAD
Currency Trading News − Canadian Dollar Reaches Measured Objective Above 1.0300 by DailyFX
The US dollar's losing ways continue as the USDCAD trades at a 2009 low. The only pair that offers reversal evidence is the NZDUSD − which should be monitored closely given its incredible advance since March.
NZD/USD
Forex Trading Strategies − NZ retail sales data boosts the NZD but other currencies mostly static by Saxo Bank
A relatively quiet o/n session in FX markets yesterday, with both the US and Canada enjoying public holidays. The dollar spent most of the session giving back gains made early on in Asia...
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 12:30 | Retail Sales (MoM) | -2.0% | -0.2% |
| Oct 14 | 12:30 | Retail Sales ex Autos (MoM) | 0.2% | -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 ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 13 | 09:00 | ZEW Survey − Economic Sentiment | 56.0 | 58.8 | 57.7 |
| Oct 13 | 09:00 | ZEW Survey − Economic Sentiment | 56.9 | 61.3 | 59.6 |
European Market Update - German ZEW improves but below market expectations by TradeTheNews.com
[ Full Story ]- Read full survey at the ZEW Institute
- DATA SNAP: German ZEW Econ Expectations Fall In Oct (Dow Jones)
- Euro falls under 1.4770 after ZEW survey (FXstreet.com)
- Euro Zone Oct ZEW Economic Sentiment decreases to 56.9 from 59.6 (FXstreet.com)
Top Fundamental Stories - The Decline in Prices is Raising Concerns in the U.K., While ZEW Survey Slips in the Euro Zone by ecPulse.com
EMU economic indicators - German ZEW economic sentiment (October): remaining stable at best by BHF−Bank
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 13 | 08:30 | Consumer Price Index (MoM) | 0.0% | 0.3% | 0.4% |
| Oct 13 | 08:30 | Consumer Price Index (YoY) | 1.1% | 1.3% | 1.6% |
- 2nd UPDATE: UK CPI Sinks To 7−Year Low Of 1.1% YY In Sep (Dow Jones)
- UK inflation decreases more than expected; GBP reacts down (FXstreet.com)
- Pound Pops Lower After Weak Inflation Reading (Dow Jones)
UK: CPI and BOE policy− EUR/GBP at six month high by Easy Forex
Top Fundamental Stories - The Decline in Prices is Raising Concerns in the U.K., While ZEW Survey Slips in the Euro Zone by ecPulse.com
Daily World Market Update - Further Lows For The Pound, Can CPI Help? by World First UK Ltd
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 13 | 08:30 | UK | Consumer Price Index (MoM) (Sep) | 0.0% | 0.3% | 0.4% |
| 08:30 | UK | Consumer Price Index (YoY) (Sep) | 1.1% | 1.3% | 1.6% | |
| 08:30 | UK | Core Consumer Price Index (YoY) (Sep) | 1.7% | 1.7% | 1.8% | |
| 08:30 | UK | Retail Price Index (MoM) (Sep) | 0.4% | 0.3% | 0.5% | |
| 09:00 | DE | ZEW Survey − Economic Sentiment (Oct) | 56.0 | 58.8 | 57.7 | |
| 09:00 | EMU | ZEW Survey − Economic Sentiment (Oct) | 56.9 | 61.3 | 59.6 | |
| 12:30 | CA | New Housing Price Index (MoM) (Aug) | 0.2 | 0.3 | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence | -45 | |||
| Oct 14 | 00:00 | AU | National Australia Bank's Business Confidence (3Q) | 18 | ||
| 00:00 | AU | Westpac Consumer Confidence (Oct 11) | 5.2% | |||
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