Wednesday, Oct 14, 11:07 GMT
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Forex Blogs
Francesc's Weblog: ITC 2009, engines started and go! by Francesc Riverola
The countdown is finished ant the ITC 2009 has started early today in Barcelona with the welcome words of the webiste director Noemí Jansana and the ITC manager Maud Gilson. After the initial speech, all the attendees enjoyed Markus Heitkoetter presentation about the keys of how to trade in today's volatile markets.
The Trader's Edge: Will the EUR/USD hit 1.5000? Read on. by Ross Yamashita
Tech Trading: Cable extends gains against the USD by César B. Leiceaga
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Live Sessions Schedule
An introduction to Price Behaviour: Part 2
Expert: Mike Baghdady
Start: Wed, Oct 14, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Oct 14, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 14, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Oct 14, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Oct 14, 15:00 GMT | An introduction to Price Behaviour: Part 2 | Mike Baghdady | WBN | |
| Wed, Oct 14, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe − U.S.
Dollar Dives In Spite Of Upcoming Risk Events
ACM − Advanced Currency Markets − Risk appetite is fully intact overnight and the EUR bulls have now taken the pair through the major resistance at 1.4876. Next stop from here is 1.4967 and thereafter 1.5346. The only hope for the bears here is that the RSI rolls over on a 4 hour chart and gets back below the downtrend line asap, otherwise one has to step aside and let the bulls take it to wherever they like.
USD/CHF
USD left the trend channel and touched its support line at 1.0210 by Varengold Wertpapierhandelsbank AG
Recently, the USD left the trend channel and touched its support line at 1.0210. After touching its support it seems that the support is strong enough to hold the prices and could care for a pull back in the trend channel.
AUD/USD
We have no previous highs to look at for some time by Turtle Futures
We have no previous highs to look at for some time. 93.25 would be 261.8% of the first wave that started back in October 2008. You can make a 5 wave sequence from the chart but it's not the most orthodox one I have seen.
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% |
US: Preview of September retail sales by Easy Forex
[ Full Story ]- US retail sales probably fell in September (Forex Live)
US economic indicators - Retail sales (Sep): Dropping sharply after CARS ended by BHF−Bank
Friday Notes - Retail Sales: Payback time as cash for clunkers program ended by UniCredit Group
US FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 18:00 | FOMC Minutes | - | - |
Forex Market Video - FOMC Meeting Minutes to Move the Market by ForexYard
FOMC Meeting Minutes to Move the Market. Video by Greg Holden.
[ Full Story ]US CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 15 | 12:30 | Consumer Price Index (MoM) | 0.2% | 0.4% |
| Oct 15 | 12:30 | Consumer Price Index (YoY) | -1.4% | -1.5% |
| Oct 15 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.4% | 1.4% |
| Oct 15 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.1% | 0.1% |
Top Market Movers Review
UK CLAIMANT COUNT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 14 | 08:30 | Claimant Count Rate | 5.0% | 5.1% | 5.0% |
| Oct 14 | 08:30 | Jobless Claims Change | 20.8K | 25.1K | 23.0K |
DATA SNAP: UK Claimant Count Rises Less Than Expected In Sep (Dow Jones)
[ Full Story ]- Read the Employment data at UK Statistics
- Forex: GBP/USD: Pound bounces up to 1.5990 on improving unemployment figures (FXstreet.com)
- UK Claimant Count Rate steadies at 5% in Sep (FXstreet.com)
Top Fundamental Stories - Europe Ahead: Ongoing weakness in UK job sector as unemployment rises by ecPulse.com
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 13 | 09:00 | ZEW Survey − Economic Sentiment | 56.9 | 61.3 | 59.6 |
| Oct 13 | 09:00 | ZEW Survey − Economic Sentiment | 56.0 | 58.8 | 57.7 |
Euroland: A setback in ZEW expectations by Danske Bank A/S
[ 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)
KBC News Picks - EMU: ZEW disappoints again in October by KBC Bank
European Market Update - German ZEW improves but below market expectations by TradeTheNews.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
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 14 | 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Aug) | 1.9% | 1.9% | 2.2% |
| 08:30 | UK | Claimant Count Rate (Sep) | 5.0% | 5.1% | 5.0% | |
| 08:30 | UK | Jobless Claims Change (Sep) | 20.8K | 25.1K | 23.0K |
|
| 09:00 | EMU | Industrial Production s.a. (MoM) (Aug) | 0.9% | 1.0% | 0.2% |
|
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Aug) | -15.4% | -15.5% | -15.9% | |
| 11:00 | US | MBA Mortgage Applications (Oct 9) | -1.8% | 16.4% | ||
| 12:30 | US | Import Price Index (MoM) (Sep) | 0.2% | 2.0% | ||
| 12:30 | US | Import Price Index (YoY) (Sep) | -11.4% | -15.0% | ||
| 12:30 | CA | New Motor Vehicle Sales (MoM) (Aug) | 0.0% | 5.3% | ||
| 12:30 | US | Retail Sales (MoM) (Sep) | -2.0% | -0.2% | ||
Educational Resources
A Smart Trading Group, Getting Smarter
Sam Seiden can always tell how much someone knows about trading and markets and how well they are doing by listening to their questions. With each new year, questions, in general, have become more and more intelligent which means the competition is getting stronger. Recently, some important questions have been sent to him by OTA students. For your benefit, he thought he would share them and the answers with you in this piece. . Read Sam Evans' article
From the Lessons From the Pros as well:
FX Fundamentals & News: The Good, The Bad and The Ugly by Sam Evans