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EUROPEAN 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? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Sep 28, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
The Contest Webinar
Expert: Raghee Horner
Start: Fri, Sep 28, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 28, 10:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Sep 28, 11:00 GMT | The Contest Webinar  | Raghee Horner | WBN | |
| Fri, Sep 28, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Fri, Sep 28, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Report EUR/USD by iFOREX.bg
In August the Euro made a correction, after which the upward trend renewed. In force remains the middle term upward channel with bottom limit 1.3447 and upper limit 1.4375. Last week the EUR/USD sharply rose and overcame the resistance level 1.3935 and the psychological level 1.4005, after which it reached new historical level.
- 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:
Today's Technical Trading Points by Danske Bank A/S
Daily Forex and Dow Jones Recommended Levels by FXtechtrade
Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Stays above pivot level 1.4155
09/28/2007 07:00 GMT - GBP/USD
- Trades below pivot level 2.0231
09/28/2007 07:01 GMT - USD/CHF
- Continues to trade around pivot level 1.1716
09/28/2007 07:01 GMT - USD/JPY
- Continues to trade around first support level 115.17
09/28/2007 07:01 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
GBP USD, Hourly
Top Market Movers Preview
EMU CONSUMER PRICE INDEX ESTIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 28 | 09:00 | Consumer Price Index Estimate (YoY) | 2.1% | 1.8% |
Friday Notes - Fed Eases, ECB Pauses by HVB Group
After one year within the ECB's comfort zone, eurozone CPI should climb above 2% in September. An unfavorable base effect on energy, together with accelerating food and oil prices, explains the big jump that should take inflation up to 2.2%.
[ Full Story ]Top Market Movers Review
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 28 | 06:00 | Retail Sales (MoM) | -1.4% | 0.3% | 0.6% |
| Sep 28 | 06:00 | Retail Sales (YoY) | -2.2% | -1.5% | -1.0% |
DATA SNAP: German Aug Retail Sales −1.4% MM, −2.2% YY (Dow Jones)
German retail sales fell in August, bucking market expectations of a rise, Federal Statistics Office data showed Friday. Retail sales fell 1.4% in August in real, adjusted terms, and declined 2.2% on the year, the statistics office said.
[ Full Story ]- Read the Turnover in retail trade in August 2007: − 2.2% in real terms on August 2006 at German Statistics
- German Aug retail sales down 1.4 pct vs July, down 2.2 pct year−on−year (Thomson Financial News)
Japan HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 28 | 05:00 | Housing Starts (YoY) | -43.3% | -16.0% | -9.9% |
Japan August Housing Starts Down 43.3% On Year (Dow Jones)
Japanese housing starts fell 43.3% in August from a year earlier to 63,076 units, down for the second straight month, the Ministry of Land, Infrastructure and Transport said Friday.
[ Full Story ]- Read the Construction Statistics report at Japan Ministry of Land, Infrastructure and Transport
- Japan August housing starts down 43.3 pct yr−on−yr, decline bigger than forecast (Thomson Financial News)
- Japan August orders received by 50 largest contractors down 14.2 pct yr−on−yr (Thomson Financial News)
- Japan August Construction Orders Down 14.2% On Year (Dow Jones)
Japan NATIONAL CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 27 | 23:30 | Tokyo Consumer Price Index (YoY) | -0.2% | -0.1% | -0.3% |
| Sep 27 | 23:30 | National Consumer Price Index (YoY) | -0.2% | -0.2% | -0.1% |
| Sep 27 | 23:30 | Tokyo CPI ex Fresh Food (YoY) | -0.1% | 0% | 0% |
| Sep 27 | 23:30 | National CPI Ex−Fresh Food (YoY) | -0.1% | -0.1% | -0.1% |
Japan August core CPI down 0.1 pct yr−on−yr, as forecast (Thomson Financial News)
Japan's core consumer price index, which excludes volatile prices of fresh food but includes energy prices, fell 0.1 percent in August from a year earlier, declining for the seventh straight month, government data showed on Friday.
[ Full Story ]- Read the Consumer Price Index report at Japan Statistics Bureau
- TABLE: Japan August Nationwide CPI, Tokyo September CPI (Dow Jones)
- Japan core CPI down 0.1 percent in August on lower digital prices − UPDATE (Thomson Financial News)
- Japan Outlook:Jul Nationwide CPI, Aug Jobless Rate (Dow Jones)
- Tony Juste, FX Advisor at FXstreet.com: "With some BoJ officials putting pressure to hike interest rates and continue to improve the outlook of the Japanese economy, the CPI figures come out as a key element in supporting a hawkish view or not. With Tankan survey just around the corner, dealers await the CPI as a measure to better understand what the BoJ might do next. A high reading will almost surely be bullish for the Yen." − FXstreet.com
Daily Outlook - USD/JPY by Karoll
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 27 | 23:50 | JP | Retail Trade s.a (MoM) (Aug) | 3.9% | 2.6% | -2.5% |
| Sep 28 | 05:00 | JP | Housing Starts (YoY) | -43.3% | -16.0% | -9.9% |
| 06:00 | DE | Retail Sales (MoM) (Aug) | -1.4% | 0.3% | 0.6% | |
| 06:00 | DE | Retail Sales (YoY) (Aug) | -2.2% | -1.5% | -1.0% |
|
| 09:00 | EMU | Consumer Price Index Estimate (YoY) (Sep) | 2.1% | 1.8% | ||
| 12:30 | US | Core Personal Consumption Expenditure (MoM) (Aug) | 0.1% | 0.1% | ||
| 12:30 | CA | Gross Domestic Product (MoM) (Jul) | 0.4% | 0.2% | ||
| 12:30 | US | Personal Spending (Aug) | 0.4% | 0.4% | ||
| 13:45 | US | Chicago Purchasing Managers' Index (Sep) | 53.0 | 53.8 | ||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Aug) | 84.0 | 83.8 |
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