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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
How to Intraday Trade Volatile Markets Using the ADX
Expert: Matt Kirk
Start: Thu, Oct 4, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Preview of ECB and BoE
Expert: Tony Juste
Start: Thu, Oct 4, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 4, 09:00 GMT | How to Intraday Trade Volatile Markets Using the ADX | Matt Kirk | WBN | |
| Thu, Oct 4, 10:00 GMT | What Moves Currencies? − Preview of ECB and BoE | Tony Juste | WBN | |
| Thu, Oct 4, 14:15 GMT | Technical Analysis Q&A  | Tony Juste | WBN | |
| Thu, Oct 4, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Report − EUR/USD 1.4099 − 4 October by iFOREX.bg
EUR/USD Open 1.4271 High 1.4198 Low 1.4055 Close 1.4106
New resistance level is at 1.4184, followed by 1.4242. Strong resistance is the record maximum 1.4286, followed by the psychological 1.4495. The support reached is at a key level around the trend line 1.4143, followed by 1.4123.
- Read the latest technical comments on major crosses 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:
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Currency Majors Technical Analysis by Mataf.net
Forecast on Forex Majors by FX−Strategy
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level 1.4088 , below pivot level 1.4124
10/04/2007 06:14 GMT - GBP/USD
- Moves down toward first support level 2.0273
10/04/2007 06:15 GMT - USD/CHF
- Continues to trade around opening price level 1.1803 , above pivot level 1.1775
10/04/2007 06:16 GMT - USD/JPY
- Trades above pivot level 116.36
10/04/2007 06:16 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 BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 4 | 11:00 | BoE Interest Rate Decision | 5.75% | 5.75% |
Friday Notes - Ailing USD hurts sentiment by HVB Group
The BoE is likely to leave the repo rate on hold. The September minutes, as well as several remarks from MPC members, showed that the BoE, though it has definitely dropped its tightening bias, still sees the impact of the ongoing financial crisis on the economy as unclear. However, the fact that, earlier this week, the BoE Credit Conditions Survey showed that credit supply to companies will be significantly reduced in Q4 increases the chances that BoE could be forced to cut rates.
[ Full Story ]Top Market Movers Review
Australia BUILDING PERMITS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 4 | 01:30 | Building Permits (MoM) | -1.7% | -0.5% | 1.0% |
| Oct 4 | 01:30 | Building Permits (YoY) | -0.1% | - | 1.0% |
Australian Aug Bldg Approvals Fall 1.7% Vs Jul (Dow Jones)
The total number of Australian houses and apartments approved for construction fell a seasonally adjusted 1.7% in August from July, the Australian Bureau of Statistics said Thursday.
[ Full Story ]- Read the Building Approvals report at Australian Bureau of Statistics
- Australia's August building approvals fall 1.7 percent from July − UPDATE (Thomson Financial News)
- UPDATE: Australian Aug Bldg Approvals Fall 1.7% Vs Jul (Dow Jones)
- Australia's August building approvals fall 1.7 percent from July (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 4 | 01:30 | AU | Building Permits (MoM) | -1.7% | -0.5% | 1.0% |
| 01:30 | AU | Building Permits (YoY) | -0.1% | 1.0% | ||
| 11:00 | UK | BoE Interest Rate Decision | 5.75% | 5.75% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 12:00 | CA | Building Permits (MoM) (Aug) | 1.6% | -11.3% | ||
| 12:30 | EMU | ECB's Trichet Speaks | ||||
| 12:30 | US | Initial Jobless Claims (Sep 28) | 315 | 298K |
||
| 14:00 | US | Factory Orders (Aug) | -2.4% | 3.7% | ||
| 14:00 | CA | Ivey Purchasing Managers Index (Sep) | 60.0 | 58.5 | ||
| Oct 5 | 05:00 | JP | Leading Economic Index (Aug)  | 30.0 | 72.7 | |