Monday, Oct 01, 07:32 GMT
EUROPEAN Trading Newsletter
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The Brokers (re) Evolution: NFA Regulation
Sep 29, 13:05 GMTCFTC approves approves changes requested by the NFA by FXstreet.com, the CEO's weblog
NFA has received notice that the Commodity Futures Trading Commission has approved changes to NFA Financial Requirements Section 11 and the Interpretive Notice entitled "Forex Transactions." The amendments increase the minimum net capital requirement for Forex Dealer Members (FDMs) to $5,000,000.
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 |  |
Current Session: Europe
EUR/USD
Daily Technical Analysis − A very strong monthly and a quarterly close above 1.4000 is an important upside break by Mizuho Corporate Bank
A very strong monthly and a quarterly close above 1.4000 is an important upside break and should see bullish momentum increase yet further. It is also almost two standard deviations from the mean of the last twenty years (based on Deutschemark equivalent).
- 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:
The Word of Majors − EUR/USD: on track to 1.4500, only slipping below 1.4230 hints of a correction lower by FXstreet.com
Pairs to Range Trade − EUR/GBP − The Pair to Short−Term Range Trade by FXCM
Daily Forex Commentary − An interesting week ahead by Jyske Bank
Currencies at a Glance
- EUR/USD
- Moves down toward pivot level 1.4229
10/01/2007 07:05 GMT - GBP/USD
- Continues to trade around opening price level 2.0475 , above pivot level 2.0386
10/01/2007 07:05 GMT - USD/CHF
- Moves up above pivot level 1.1665
10/01/2007 07:05 GMT - USD/JPY
- Moves up above pivot level 115.04
10/01/2007 07:06 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
UK PMI MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 1 | 08:30 | PMI Manufacturing Index | 55.6 | 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
Japan TANKAN LARGE MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 30 | 23:50 | Tankan Non − Manufacturing Index | 20 | 21 | 22 |
| Sep 30 | 23:50 | Tankan Large Manufacturing Index | 23 | 21 | 23 |
| Sep 30 | 23:50 | Tankan Large Manufacturing Outlook | 19 | - | 22 |
| Sep 30 | 23:50 | Tankan Non − Manufacturing Outlook | 21 | - | 23 |
BoJ Tankan − Sept large manufacturers index at plus 23, above forecast (Thomson Financial News)
Business sentiment at Japan's large manufacturers stayed flat for the second straight quarter in the third quarter to September, with the closely−watched diffusion index for the sector coming in at plus 23 in line with the headline figure in the June poll, according to the Bank of Japan's quarterly survey or Tankan.
[ Full Story ]- Read the BoJ Tankan report at Bank of Japan
- Japan's big manufacturers' confidence stalls on subprime, market uncertainty (Thomson Financial News)
- BoJ Tankan − Sept large manufacturers inventory index plus 13 vs plus 12 in June (Thomson Financial News)
- BoJ Tankan − Large manufacturers domestic demand index minus 7 vs minus 7 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 30 | 23:50 | JP | Tankan Large Manufacturing Index | 23 | 21 | 23 |
| 23:50 | JP | Tankan Large Manufacturing Outlook | 19 | 22 | ||
| 23:50 | JP | Tankan Non − Manufacturing Index | 20 | 21 | 22 | |
| 23:50 | JP | Tankan Non − Manufacturing Outlook | 21 | 23 | ||
| Oct 1 | 07:30 | CH | SVME − Purchasing Managers' Index | 57.6 | 63.0 | 65.1 |
| 07:55 | DE | PMI Manufacturing Index (Sep) | 55 | 56 | ||
| 08:00 | EMU | PMI Manufacturing Index (Sep) | 53.2 | 54.3 | ||
| 08:30 | UK | Net Lending to Individuals | £10.3B | |||
| 08:30 | UK | PMI Manufacturing Index (Sep) | 55.6 | 56.3 | ||
| 14:00 | US | ISM Manufacturing (Sep) | 52.5 | 52.9 | ||