Friday, Oct 16, 11:25 GMT
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ITC Barcelona 2009
Our staff is twitting! Follow the last minute right from the ITC on FXstreet.com's twitter.
When will the economy recover? − ITC pannel discussion by FXstreet.com
The ITC's final panel discussion is going on right now with the topic of the international crisis and financial markets. Eight currency traders experts are sharing with us their thoughts about the actual economic situation and their forecasts about USD, Oil, Gold, Stocks and Bonds in the next months.
ITC 2009 Day 3, More Live trading and the round table about the markets situation by FXstreet.com
We continued the intense live trading sessions in the morning of the 3rd day of the conference. During these 3 trading sessions with the experts we've had the opportunity to put in practice all the theory acquired during the speeches and also exchange opinions with other traders and with the experts themselves.
To Get Started
- Exclusive video Interview: Will the Euro reach the last year's highest level at 1.60? with Rob Booker
- 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: An introduction to Price Behaviour: Part 2 by Mike Baghdady
- All the events of the day in our Economic Calendar
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Forex Blogs
The Trader's Edge: EUR/GBP Revisited by Ross Yamashita
The EUR/GBP seemed to be a currency of interest so let's head back to that particular pair and see what has unfolded thus far. You can refer to our post on this pair from October 6 here.
FX Market Readings: One sided moves in crosses by Dr. S. Sivaraman
Tech Trading: GBP/USD Trend continuation? by César B. Leiceaga
Sponsored by 
Live Sessions Schedule
US Pre−Market Open
Expert: Ed Ponsi
Start: Fri, Oct 16, 12:00 GMT
Type of Session: Webinar
Live Trading Set Ups with Chart Patterns and Market Cycles
Expert: Raghee Horner
Start: Fri, Oct 16, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 16, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Oct 16, 13:00 GMT | Live Trading Set Ups with Chart Patterns and Market Cycles | Raghee Horner | WBN | |
| Fri, Oct 16, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Oct 19, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: Europe − U.S.
There is a likelihood of some fresh USDJPY selling at 92.50 / 93.10
ACM − Advanced Currency Markets − Looking at the bigger picture today to find the next level for short interest, it is clear to see the medium term trend is still down. There is a likelihood of some fresh USDJPY selling at the upper channel which now lies in the vicinity of resistance at 92.50 / 93.10. Intraday players may want to look at 91.80 for a brief pullback and short term longs playing the uptrend can look at 89.50/70
EUR/USD
There is a fresh bearish cross forming on the daily chart's Slow Stochastic by ForexYard
There is a fresh bearish cross forming on the daily chart's Slow Stochastic indicating a bearish correction might take place in the nearest future.
GBP/USD
Asian losses were largely unwound in early London hours by FOREX.com
sian losses were largely unwound in early London hours with cable clawing back to the 1.6370 area before more selling pressure emerged. Technically, the pound may be having a reversal week.
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 NET LONG−TERM TIC FLOWS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 16 | 13:00 | Net Long−term TIC Flows | $10.9B | $15.3B |
| Oct 16 | 13:00 | Total Net TIC Flows | - | -$97.5B |
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 16 | 13:15 | Industrial Production (MoM) | 0.1% | 0.8% |
| Oct 16 | 13:15 | Capacity Utilization | 69.7% | 69.6% |
US economic indicators - Industrial production (Sep): upward trend slowing markedly by BHF−Bank
Industrial production had increased by 0.8% mom in August due to car production and utility output in particular.
[ Full Story ]Friday Notes - Industrial Production & Capacity Utilization: Car−related boost is over by UniCredit Group
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 16 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 73.6 | 73.5 |
Top Market Movers Review
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 16 | 09:00 | Trade Balance s.a. | €1.0B | €7.9B | €6.0B |
| Oct 16 | 09:00 | Trade Balance n.s.a. | -€4.0B | €2.5B | €12.3B |
Top Fundamental Stories - Surplus in European Trade Balance Turns into Deficit in August by ecPulse.com
[ Full Story ]- Read the Trade Balance data at Eurostat
- UPDATE: Euro−Zone Trade Balance Swings To Deficit In Aug (Dow Jones)
- Euro Zone Trade Surplus decreases to €1B in Aug from €6.8B (FXstreet.com)
- DATA SNAP: Euro−Zone Trade Balance Swings To Deficit In Aug (Dow Jones)
Top Fundamental Stories - Europe Ahead: Euro Zone Trade Surplus Narrows by ecPulse.com
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 15 | 12:30 | Consumer Price Index (MoM) | 0.2% | 0.1% | 0.4% |
| Oct 15 | 12:30 | Consumer Price Index (YoY) | -1.3% | -1.4% | -1.5% |
DATA SNAP:US Consumer Prices Ease In September (Dow Jones)
[ Full Story ]- Read the CPI data at Labor Department
- US CPI Ex Food & Energy up 0.2% MoM and 1.5% YoY in Sep (FXstreet.com)
- US CPI rises 0.2% MoM in Sep, −1.3% YoY (FXstreet.com)
- Table of Data On US Real Earnings From Labor Dept. (Dow Jones)
Inflation Observatory - Headline inflation slows by BBVA Bancomer
US: Preview of September CPI by Easy Forex
US economic indicators - Import prices and CPI (Sep): annual rates still in negative territory by BHF−Bank
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 16 | 09:00 | EMU | Trade Balance n.s.a. (Aug) | €-4.0B | €2.5B | €12.3B |
| 09:00 | EMU | Trade Balance s.a. (Aug) | €1.0B | €7.9B | €6.0B |
|
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Sep) | 0.3% | 0.2% | 0.1% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Sep) | 1.5% | 1.4% | 1.6% | |
| 11:00 | CA | Consumer Price Index (MoM) (Sep) | 0.0% | 0.1% | 0.3% | |
| 11:00 | CA | Consumer Price Index (YoY) (Sep) | -0.9% | -0.8% | -0.8% | |
| 13:00 | US | Net Long−term TIC Flows (Aug) | $10.9B | $15.3B | ||
| 13:00 | US | Total Net TIC Flows (Aug) | -$97.5B | |||
| 13:15 | US | Capacity Utilization (Sep) | 69.7% | 69.6% | ||
| 13:15 | US | Industrial Production (MoM) (Sep) | 0.1% | 0.8% | ||
Educational Resources
ITC 2009 comes to the end: 3 days of trading, learning and making friends
The city of Barcelona has been the scenario of the most educational event of the year for the last three days. FXstreet.com is proud to have hosted the ITC 2009 and to offer the atendees the opportunity to trade with the experts and put into practice all the theory acquired during the speeches as well as exchange opinions with other traders and with the experts themselves. This way, we have seen different systems and styles… and we are going to return home with a mix of everything, after picking around our favourite tips and strategies. We're − hopefully − all better traders today!! Read our CEO's blog!
Related Resources
FXstreet.com International Traders Conference website