Wednesday, Oct 03, 08:16 GMT
EUROPEAN Trading Newsletter
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The Brokers (re) Evolution: NFA Regulation
Oct 1, 15:51 GMTChristian Frahm at Saxo Bank A/S: "NFA regulatory changes strengthens the credibility of our industry" by FXstreet.com
"As soon as regulations kicked in, the market space changed from 600 unlicensed brokers to less than 100 licensed brokers. The clients benefited from the comfort of being serviced by a licensed counterpart and as a whole the industry benefited from a more professional service offering in margin FX."
Live Sessions Schedule
What Moves Currencies? − Carry Watch
Expert: Tony Juste
Start: Wed, Oct 3, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Wed, Oct 3, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 3, 10:00 GMT | What Moves Currencies? − Carry Watch | Tony Juste | WBN | |
| Wed, Oct 3, 11:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN |  |
| Wed, Oct 3, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
| Wed, Oct 3, 15:00 GMT | Pure Currency Analysis | Adam Rosen | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Report − EUR/USD 1.4171 − 3 October by Easy Forex
EUR/USD Open 1.4271 High 1.4284 Low 1.4212 Close 1.4238
After reaching a new historical level at 1.4280, the Euro made a significant drop with over 75 pips to 1.4207. There are no signs of trade changing for the time being, but we may witness short consolidation before we see new records being reached.
- New intraday swing: the USD fights back, Swissy looks good for a long take at Tony Juste's blog
- 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:
Currency Majors Technical Analysis by Mataf.net
Preview Strategies for − Preview Strategies for EUROPEAN SESSION 03/10/2007 by AKforex
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Currencies at a Glance
- EUR/USD
- Moves down below pivot level 1.4176
10/03/2007 08:09 GMT - GBP/USD
- Trades around pivot level 2.0411
10/03/2007 08:10 GMT - USD/CHF
- Back around pivot level 1.1734
10/03/2007 08:11 GMT - USD/JPY
- Trades around first resistant level 116.06
10/03/2007 08:11 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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 3 | 08:30 | Purchasing Manager Index Services | 56.8 | 57.6 |
Friday Notes - Ailing USD hurts sentiment by HVB Group
The services PMI so far in Q3 have shown good resilience to past increases in interest rates, with the July− August average remaining broadly in line with Q2. However, we think that the ongoing dislocation in money markets, and even more the Northern Rock crisis, should have affected sentiment particularly within the financial sector.
[ Full Story ]Top Market Movers Review
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 3 | 08:00 | Purchasing Manager Index Services | 54.2 | 54.0 | 58.0 |
Euro−Zone Sep Services PMI 54.2 Vs 58.0 In Aug (Dow Jones)
The purchasing managers index for the euro zone's dominant services sector plunged to 54.2 in September from 58.0 in August, market sources said Wednesday. The decline in the PMI, which signals a sharp slowdown in activity in the sector, was revised up from the flash estimate of 54.0.
[ Full Story ]- NTC Economics Homepage
- Euro Zone's Purchasing Manager Index Services falls to 54.2 in September from 58 in August (FXstreet.com)
Germany PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 3 | 07:55 | Purchasing Manager Index Services | 53.1 | 56.1 | 59.8 |
German Sep Services PMI 53.1 Vs 59.8 In Aug − Sources (Dow Jones)
The purchasing managers index for Germany's dominant services sector plummeted to 53.1 in September from 59.8 in August, market sources said Wednesday. The scale of the decline was much larger than expected. Economists polled by Dow Jones Newswires last week estimated that the PMI fell to 56.0.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 3 | 01:30 | AU | Retail Sales (MoM) (Aug) | 0.7% | 0.3% | 0.9% |
| 01:30 | AU | Trade Balance (Aug) | -1610 | -1400 | -756 | |
| 07:55 | DE | Purchasing Manager Index Services (Sep) | 53.1 | 56.1 | 59.8 | |
| 08:00 | EMU | Purchasing Manager Index Services (Sep) | 54.2 | 54.0 | 58.0 | |
| 08:30 | UK | Purchasing Manager Index Services (Sep) | 56.8 | 57.6 | ||
| 09:00 | EMU | Retail Sales (MoM) (Aug) | 0.4% | 0.1% | ||
| 09:00 | EMU | Retail Sales (YoY) (Aug) | 0.5% | 0.5% | ||
| 14:00 | US | ISM Non−Manufacturing (Sep) | 55.0 | 55.8 | ||
| 14:30 | US | EIA Crude Oil Stocks | -7M | |||
| Oct 4 | 11:00 | UK | BoE Interest Rate Decision | 5.75% | 5.75% | |