Wednesday has lots of news ahead of NFP

US News Scheduled For Wednesday is loaded  as we lead up to Friday’s Non Farm Payroll report. ADP Job numbers come out at 8:15 followed by the GDP and Corporate Profits report at 8:30am. Chicago PMI then follows at 9:45am.

Tune in to my US GDP report  webinar here on FX Street starting at 7:30am where we will look at the fundamentals and technical’s  before during and after the news!   See Link Below to register

Charts of Future Past - Before and After - Click to Enlarge Chart Images

Below are three of my recent posted charts before and after - side by side.  

GBP-Yen Sept 18-29 Daily Chart - Shows the completion of the Double Top and “M” pattern that is continuing to trade to the downside inside a nice trend channel.

GBP –USD Sept  18 – 29 Daily Chart - Shows the Head and Shoulder Pattern completing the formation that was in progress back on Sept 18 has now gone “to and through”  the “Neck Line”.  The question now is: Will the Sterling bounce and correct to retest the neckline, or continue to the 200% extension target of the Pattern… or go sideways..?

AUD-JPY Sept 23-29 4 Hour Chart – Triangle with Inverse Head and Shoulder Pattern worked out beautifully to the Downside as it now looks more like a Double Top and “M” formation – The previous post from September 23 is now complete! Price has now retraced quickly back to the trend line.

Tune in to the “1^ston Forex” Webinars on FX Street

Every Monday - The Week Ahead at 16:00 GMT (12 Noon Eastern)- Click Here to Register

FOMC Announcement - Live Webinar This Wed Sept 23 Click Here to Register

US GDP Report – Live Webinar – Wed Sep 30 Click Here to Register

Text Watch from the Fed - Watch Live Webinar Coverage

Ben Bernanke and team are widely expected to leave interest rates unchanged

But the reaction will likely take place about 5 minutes after the text statement is digested.

Click Here to Register for Live Webinar Coverage

This comes a week after Bernanke went out on the limb by stating that the recession in the US is probably over and that we have seen the bottom. He then heads out to Pittsburgh for the G20 meeting

Triangle and Inverse Head and Shoulders on the Aussie – Yen

Sept 22, 2009 Aussie Yen shows a Triangle and Inverse Head and Shoulder on the 4 hour chart as we await the FOMC interest rate - policy announcement (Click to Enlarge)

Tune in to the “1^ston Forex” Webinars on FX Street

Every Monday - The Week Ahead at 16:00 GMT (12 Noon Eastern)- Click Here to Register

FOMC Announcement - Live Webinar This Wed Sept 23 Click Here to Register

US GDP Report – Live Webinar – Wed Sep 30 Click Here to Register

Jerry Furst  is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients  Click Here for a Free Self Evaluation Survey.

Search for Safe Havens - Dollar Again?

Although the US Dollar has been under pressure for the past few months - Is it time for a greenback rebound? The search for safe haven leaves little hiding places. Gold has now settled comfortably above the $1,000 mark and predictions of $1,250 are now being bantered around.

Pound Sterling Technical Analysis - September 19, 2009

The Sterling -Dollar and Sterling Yen are showing some bearish patterns on the Daily charts.

Pound Sterling - US Dollar - Daily Chart September 18, 2009

GBP-USD Daily Chart shows a “Head and Shoulder” pattern nearing completion with potential targets after the Neck Line is Hit. (Click to enlarge)

Pound Yen - Daily Chart - September 18, 2009

GBP-JPY Daily Chart has more room to go down before completeing this pattern - but this daily chart might be viewed as bearish to aggressive traders of the Sterling Yen pair. (Click to enlarge)

Tune in to the “1^ston Forex” Webinars on FX Street

Every Monday - The Week Ahead at 16:00 GMT (12 Noon Eastern)- Click Here

FOMC Announcement - Live Webinar This Wed Sept 23 Click Here to Register

Jerry Furst  is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients  Click Here for a Free Self Evaluation Survey.