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The currencies revolution arrives at FXstreet.com
New Currencies at a Glance with all the technical studies you need for your trading plan. Review the market info of the top 31 currency pairs including the hottest pairs of the past week: EUR/USD, GBP/USD, USD/JPY and EUR/CHF.
Moreover data such as live market quotes, forecast, analysts comments, breaking stories and Economic Calendar can be extremely efficient tools for your trading plan.
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Forex Blogs
FX Market Readings: Volatile moves continue by Dr. S. Sivaraman
EURO and GBP recovered after Japanese session initial fall and then recovered to high to drop again − typical wide range swings between high and low as free floating moves.Low volume and uncertanities bring this sort of moves in the market.
FX Path: Consolidation in the Majors by James Chen
The Trader's Edge: AUD/JPY Trade Set Up by Ross Yamashita
Live Sessions Schedule
Live Look at Today's Markets − Free Access Day
Expert: Derek Frey
Start: Thu, Oct 16, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Fri, Oct 17, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 16, 16:00 GMT | Dan Blystone's Daily Briefing − Free Access Day | Dan Blystone | WBN |  |
| Thu, Oct 16, 17:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
| Fri, Oct 17, 09:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Fri, Oct 17, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Oct 17, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Markets Consolidate in Tight Range by ActionForex.com
USD/JPY recovers strongly after fall from 103.06 was contained at 99.27. Though, further decline is still mildly in favor as long as 101.73 minor resistance holds, targeting 97.91 first. Break will confirm recent decline has resumed for retesting 95.77 low. On the upside, above 101.73 will argue that consolidation from 97.91 is still in progress for and another test of 103.06 could be seen. Nevertheless, focus remains on 103.49/54 resistance. As long as this resistance zone holds, the fall from 110.66 should still be in progress. However, sustained break of 103.54 will argue that fall from 110.66 has completed and focus will turn to 106.14 resistance for confirmation.
- Sneak preview of the Live Technical Analysis Workshop in Barcelona, Spain Sunil Mangwani, CEO at FibForex123.
- Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Daily Technical Strategist − EURUSD: Keeps Focus On Its Year−To−Date Low by FXTechstrategy
Currency Majors Technical Analysis by Mataf.net
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Daily Trading Forecast − EUR / USD: 8 Days of Consolidation is Not Enough by Swiss e Trade AG
Weekly Outlook
Weekly Forex Focus by Trading Central
Analysts' Blogs
Consolidation in the Majors by James Chen, Chief Technical Analyst at FX Solutions.
Market recovery by Dr. S. Sivaraman, of i−knowindices.com
Forex Signals
Trade Signals − Matsys D Trade Signals by Fxwintrades
Currencies at a Glance
- EUR/USD
- Moves down with moderate volatility. Intra resistance is seen at 1.3538. while support is seen at 1.3344.
10/16/2008 14:06 GMT - GBP/USD
- Moves sideways with low volatility. Support is seen at 1.7127 while resistance is seen at 1.7355
10/16/2008 14:08 GMT - USD/CHF
- Trades above support level at 1.1278. MAs are moving sideways. Resistance is seen at 1.1458
10/16/2008 14:13 GMT - USD/JPY
- Moves downwards after htting immediate resistance level at 101.38 . MAs are moving in a mixed direction.
10/16/2008 14:20 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Danske Bank A/S, FXstreet.com, GFT (Global Forex Trading)
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 16 | 17:00 | NAHB Housing Market Index | 17 | 18 |
US economic indicators - NAHB index of homebuilding activities improved by BHF−Bank
The NAHB index of homebuilding activities improved by 2 points to 18 in September, but it is expected to decline again to 17 in October, as the turning point for the housing market is not yet reached.
[ Full Story ]Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 16 | 13:15 | Capacity Utilization | 76.4% | 77.9% | 78.7% |
| Oct 16 | 13:15 | Industrial Production (MoM) | -2.8% | 0.9% | -1.0% |
DATA SNAP: US Sep Indus Production −2.8%; Capacity Use 76.4% (Dow Jones)
Production by U.S. industries took its deepest plunge in nearly 34 years during September because of two hurricanes and labor unrest. Industrial production decreased 2.8%, following an upwardly revised 1.0% drop in August, the Federal Reserve said Thursday.
[ Full Story ]- Read the Industrial Production data at the Federal Reserve
- US Industrial production plunges unexpectedly in September (FXstreet.com)
- Table Of Data On US Industrial Production (Dow Jones)
- Table Of Data On US Capacity Utilization (Dow Jones)
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 16 | 12:30 | Consumer Price Index (YoY) | 4.9% | 5.1% | 5.4% |
| Oct 16 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.5% | 2.5% | 2.5% |
| Oct 16 | 12:30 | Consumer Price Index (MoM) | 0.0% | 0.1% | -0.1% |
| Oct 16 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.1% | 0.2% | 0.2% |
DATA SNAP: US CPI Flat; Suggests Rapid Disinflation Trend (Dow Jones)
U.S. consumer prices were flat in September, a government report showed, the latest indication that falling energy prices and the economic downturn are rapidly easing pressure on inflation.
[ Full Story ]- Read the CPI data at Department of Labor
- US CPI remains flat in September, inflation eases as energy prices drop (FXstreet.com)
- Summary Of U.S. Consumer Price Data From Labor Dept. (Dow Jones)
- US Consumer Price Index rises 4.9% on the year in Sep; core CPI 2.5% up (FXstreet.com)
Trading News Report - Easing Consumer Prices May Weigh On Dollar by FXCM
US economic indicators - Consumer prices declined slightly by 0.1% mom in August, and they might have fallen again in September by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 16 | 13:15 | US | Industrial Production (MoM) (Sep) | -2.8% | 0.9% | -1.0% |
| 14:00 | US | Philadelphia Fed Manufacturing Survey (Oct) | -37.5 | -9.4 | 3.8 | |
| 17:00 | US | NAHB Housing Market Index (Oct) | 17 | 18 | ||
| 23:50 | JP | Tertiary Industry Index (MoM) (Sep) | -0.8% | 1.2% | ||
| Oct 17 | 01:30 | AU | Import Price Index (QoQ) (2Q) | 1.4% | ||
| 09:00 | EMU | Trade Balance n.s.a. (Aug) | -€2.3 | |||
| 09:00 | EMU | Trade Balance s.a. (Aug) | -€6.4B | |||