Thursday, Oct 15, 11:41 GMT
U.S. Trading Newsletter
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ITC Barcelona 2009
Our staff is twitting! Follow the last minute right from the ITC on FXstreet.com's twitter.
ITC: Day 2 by FXstreet.com
Few hours later, we were back on tracks… you know. markets never close ;−) This morning, we have started with Live Trading Session…
The staff, the speakers… Making friends by FXstreet.com
The really special thing of this conference is to meet the people that you have been contributing for years with. This year I am specially excited since I could finally meet some of our veteran collaborators.
To Get Started
- Do you know it all about FX? Test yourself! Learning Center Practice A is out!
- Rates&Charts Section: Get the most updated data on FX, commodities, Indices... Go Now!
- WEBINAR VIDEOS: Looking at economic data by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Massive rise in GBP/USD by Dr. S. Sivaraman
Players have made in a hurry a massive rise of 280 pips positve net change in GBP when holding euro− to drop massively euro/gbp.During US session they are expected to drop EURO massively and later drop GBP as well.
Tech Trading: GBP/USD Strong resistance ahead by César B. Leiceaga
FxBootcamp: FOREX VIDEO - European Outlook October 15th 2009 by David R Pegler
Sponsored by 
Live Sessions Schedule
Pip Movement Ranges for Better Trade Management − Free Access Day
Expert: Raghee Horner
Start: Thu, Oct 15, 13:00 GMT
Type of Session: Webinar
Back to Basics − Moving Averages − Free Access Day
Expert: Adam Rosen
Start: Thu, Oct 15, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 15, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Oct 15, 13:00 GMT | Pip Movement Ranges for Better Trade Management − Free Access Day | Raghee Horner | WBN |  |
| Thu, Oct 15, 14:00 GMT | Back to Basics − Moving Averages − Free Access Day | Adam Rosen | WBN | |
| Thu, Oct 15, 15:00 GMT | The Three Faces of Gold − Free Access Day | Joseph Trevisani | WBN | |
Current Session: Europe − U.S.
Equities Determining Currency Prices
Swiss e Trade − The move above 10,000 in the Dow Jones Index has given confidence to investors seeking risk and has translated into a sharp dollar fall against the majors and commodity currencies. The Greenback has recovered some of its losses in early European trading but sentiment is still firmly set for continued dollar weakness. Of all the factors affecting currency trading, equity prices remain the most important and should be considered when trading currencies.
GBP/USD
The cross is currently recording very bullish behavior in the past 2 days by ForexCycle.com
The Slow Stochastic of the daily chart shows a fresh bearish cross, and that a further upward move for today is imminent. Going long with tight stops may turn out to be a...
Commodities
Commodity movements are mixed this morning by InnerFX
Commodity movements are mixed this morning: gold has fallen back a little after briefly hitting USD1,070 yesterday whereas oil has continued its surge and is now trading above USD75.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis, KBC, Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 15 | 12:30 | Initial Jobless Claims | 525K | 521K |
| Oct 15 | 12:30 | Continuing Jobless Claims | 6060K | 6040K |
Forex Daily Analysis - Forex Trading − U.S. Unemployment Claims to Be at the Forefront of Today's Trading by ForexYard
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% |
US economic indicators - Import prices and CPI (Sep): annual rates still in negative territory by BHF−Bank
All in all, we predict that consumer prices will have risen modestly by 0.2% mom (–1.4% yoy). Given high unemployment and low capacity utilisation rates, core CPI could have again increased by a mere 0.1% mom, leaving the yearly rate at 1.4%.
[ Full Story ]Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 15 | 09:00 | Consumer Price Index (YoY) | -0.3% | -0.3% | -0.3% |
| Oct 15 | 09:00 | Consumer Price Index − Core (YoY) | 1.2% | 1.2% | 1.3% |
| Oct 15 | 09:00 | Consumer Price Index (MoM) | 0.0% | 0.1% | 0.3% |
Top Fundamental Stories - CPI in the Euro Zone Fell in September Amid Signs of Econmic Recovery by ecPulse.com
[ Full Story ]- Read the CPI data at Eurostat
- UPDATE: Euro−Zone Consumer Prices Fall Again On Year In Sep (Dow Jones)
- Euro Zone Sep CPI stays unchanged on month, −0.3% on year (FXstreet.com)
- DATA SNAP: Euro−Zone Consumer Prices Fall On Year In Sep (Dow Jones)
US FOMC MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 14 | 18:00 | FOMC Minutes | - | - | - |
Forex: Dollar pulls back from year low after FOMC (FXstreet.com)
[ Full Story ]- Read the Minutes data at Federal Reserve
- Forex: Dollar plunges across the board after FOMC minutes (FXstreet.com)
US: FedWatch - FOMC Minutes from September 22−23, 2009 by BBVA Bancomer
Daily Global Commentary - Minutes of September 22−23 FOMC Meeting – More of the Same by Northern Trust
Forex Market Video - FOMC Meeting Minutes to Move the Market by ForexYard
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 14 | 12:30 | Retail Sales (MoM) | -1.5% | -2.0% | 2.2% |
| Oct 14 | 12:30 | Retail Sales ex Autos (MoM) | 0.5% | 0.2% | -0.5% |
Top Fundamental Stories - Retail Sales Stronger than Expected but Remain Weak, While JPMorgan Reports Profits that Beat Market Estimates! by ecPulse.com
Retail sales dropped in September, as the effect from the government's "Cash for Clunkers" program faded; whereas the program was designed to help auto sales.
[ Full Story ]- Read the Retail Sales data at the Census Bureau
- CURRENCIES: Dollar Hits 14−month Low; Retail Sales Up (Dow Jones)
- CURRENCIES: Dollar Hits 14−month Low; Retail Sales Up (Dow Jones)
- CURRENCIES: Dollar Down As Retail Sales Beat Estimates (Dow Jones)
KBC News Picks - US: Core retail sales up for the second straight month by KBC Bank
Flash Comment - US: Setback in retail sales masks positive details by Danske Bank A/S
U.S:Retail Sales Slackened, but Core Spending Still Positive by Wells Fargo Investments, LLC
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 15 | 08:00 | EMU | ECB Monthly Report (Oct) | |||
| 09:00 | EMU | Consumer Price Index − Core (YoY) (Sep) | 1.2% | 1.2% | 1.3% | |
| 09:00 | EMU | Consumer Price Index (MoM) (Sep) | 0.0% | 0.1% | 0.3% | |
| 09:00 | EMU | Consumer Price Index (YoY) (Sep) | -0.3% | -0.3% | -0.3% | |
| 09:00 | CH | ZEW Survey − Expectations (Oct) | 65 | 58 | ||
| 11:25 | EMU | ECB Trichet's Speech | ||||
| 12:30 | US | Consumer Price Index (YoY) (Sep) | -1.4% | -1.5% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Sep) | 0.1% | 0.1% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Sep) | 1.4% | 1.4% | ||
| 12:30 | US | Initial Jobless Claims (Oct 10) | 525K | 521K | ||
Educational Resources
The Latest Indicators are Out...
...So Where is the Residential Real Estate Market? This week we'll focus our attention on the following three indexes and indicators: The Case − Shiller Home Price Index, Pending U.S. Home Sales Index, and the Housing Starts and New Permits. Read Diana Hill's article
From the Lessons From the Pros as well:
Scrutinizing an Option Trade by Josip Causic
Discipline Transcends Trading by Gabe Velázquez