Friday, Sep 28, 16:44 GMT
ASIA-PACIFIC Trading Newsletter
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The Brokers (re) Evolution: NFA Regulation
Sep 27, 15:14 GMTThe CEOs' Reply: FXDD, GFT and FXCM answer to the Second Open Letter sent by FXstreet.com's CEO Francesc Riverola
The new NFA standards will not only affect the brokers but the whole industry and could even produce a big shake out in the retail FX industry.
Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Oct 1, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Oct 1, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 1, 10:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Oct 1, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Oct 1, 13:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN |  |
| Mon, Oct 1, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Oct 1, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN |  |
GBP/USD
Daily technical research by FX Instructor
Cable moved higher on Thursday almost touching the 2.0300 level but it retraced in the overnight trading hours and it retested the 2.0200 level now turned into support; this move might be the signal the market looked for to shift the bias to the long side. Breaking above 2.0300 today or at the start of next week will bring us closer to the 2.0365 resistance level and intermediary bullish target before the 2.0460 early August double top.
- Read the latest Technical Comments on Majors by Tony Juste
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Majors Technical Analysis − ProPipper AUD Update by Pro Pipper
Daily Technical Analysis − Again holding neatly just below the new record high at 1.4190 by Mizuho Corporate Bank
Forex Technical Report GBP/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Trades around second resistant level 1.4220
09/28/2007 16:00 GMT - GBP/USD
- Trades around second resistant level 2.0379
09/28/2007 16:01 GMT - USD/CHF
- Trades below first support level 1.1692
09/28/2007 16:01 GMT - USD/JPY
- Trades below first support level 115.17
09/28/2007 16:01 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
UK PMI MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 1 | 08:30 | PMI Manufacturing Index | - | 56.3 |
Friday Notes - Ailing USD hurts sentiment by HVB Group
After a marked increase in August, we expect the UK manufacturing PMI to have edged down to 55 in September. The persistent turmoil in the money market and the shocking events related to the Northern Rock debacle are likely to start weighing on sentiment.
[ Full Story ]Top Market Movers Review
US CORE PERSONAL CONSUMPTION EXPENDITURE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 28 | 12:30 | Core Personal Consumption Expenditure (YoY) | 1.8% | 1.8% | 1.9% |
| Sep 28 | 12:30 | Personal Income | 0.3% | 0.4% | 0.5% |
| Sep 28 | 12:30 | Core Personal Consumption Expenditure (MoM) | 0.1% | 0.1% | 0.1% |
| Sep 28 | 12:30 | Personal Spending | 0.6% | 0.4% | 0.4% |
DATA SNAP: US Aug Personal Income Up Less Than Expected (Dow Jones)
The income of Americans grew less than expected during August, but their spending surged and a key gauge of inflation receded. Personal income increased at a seasonally adjusted rate of 0.3% compared to the month before, the Commerce Department said Friday.
[ Full Story ]- Reat the Personal Income and Outlays data at Commerce Department
- Forex − Euro breaches record high 1.42 mark against dollar after US data (Thomson Financial News)
- Euro Above $1.420 Vs Dollar For First Time After US Data (Dow Jones)
- U.S. Personal income rose lower than expected in August (FXstreet.com)
US economic indicators - Durable goods orders have probably corrected downwards in August by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 28 | 13:45 | US | Chicago Purchasing Managers' Index (Sep) | 54.2 | 53.0 | 53.8 |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Aug) | 83.4 | 84.0 | 83.4 |
|
| Oct 1 | 07:30 | CH | SVME − Purchasing Managers' Index | 65.1 | ||
| 07:55 | DE | PMI Manufacturing Index (Sep) | 56 | |||
| 08:00 | EMU | PMI Manufacturing Index (Sep) | 54.3 | |||
| 08:30 | UK | Net Lending to Individuals | £10.3B | |||
| 08:30 | UK | PMI Manufacturing Index (Sep) | 56.3 | |||