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EUROPEAN Trading Newsletter
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1st FXStreet.com International Conference – Oct. 25−27th
Oct 3, 15:51 GMTThe FXstreet.com 1st International Traders Conference (ITC) offers a unique environment to meet renowned experts within the Forex industry in the gorgeous city of Barcelona by FXstreet.com
One of the key aspects of the event will be the opportunity to TRADE LIVE side−by−side with experts! The ITC is a based on a very interactive model and will offer attendees the unique opportunity of a direct contact with the speakers. LAST CALL OFFER: 210 euros!
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Oct 9, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies?
Expert: Tony Juste
Start: Tue, Oct 9, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 9, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Oct 9, 10:00 GMT | What Moves Currencies? | Tony Juste | WBN | |
| Tue, Oct 9, 11:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
| Tue, Oct 9, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD:(1.4017) Correction off 1.4283 puts pair below channel off 1.3550 by KBC Bank
Drop from 1.4283 puts the pair currently back in the Long Term daily channel off 2005 low (top at 1.4054 today) and below channel off 1.3550 (see graph).
1st Support area at 1.4005 (break−up hourly), with next levels at 1.3991/ .3987 (daily envelope bottom/ break−up daily Sept 19), ahead of 1.3956/ .48
- Know what's behind the Markets 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:
Preview Strategies for − Preview Strategies for EUROPEAN SESSION 09/10/2007 by AKforex
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Back around opening price level 1.4047 , below pivot level 1.4079
10/09/2007 07:06 GMT - GBP/USD
- Trades around yesterday low 2.0332 , below pivot level 2.0373
10/09/2007 07:06 GMT - USD/CHF
- Back around opening price level 1.1862 , above pivot level 1.1831
10/09/2007 07:07 GMT - USD/JPY
- Back around pivot level 117.32
10/09/2007 07:07 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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Oct 9 | 10:00 | Industrial Production s.a. (MoM) | 0.5% | 0.1% |
Friday Notes - Secular USD downward trend to continue by HVB Group
Industrial production has peaked. The high growth rates posted last year will undoubtedly not be repeated. But order books remain filled. Accordingly, we expect the weak monthly dynamic in the two preceding months to be followed by a robust m−o−m increase again for August.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 06:00 | Trade Balance | 14.1B | 16.2B | 17.9B |
UPDATE: German Aug Trade Surplus Narrows To EUR14.1 Bln (Dow Jones)
Germany's trade and current account surpluses in August were narrower than expected, data from the Federal Statistics Office showed Tuesday. The trade surplus in Germany, Europe's largest economy, totaled EUR14.1 billion, compared with EUR17.9 billion in July.
[ Full Story ]- View the Foreign trade data at German Statistics
- German trade surplus narrowed to 14.1 billion in August (FXstreet.com)
- German Aug trade surplus 14.1 bln eur vs 17.9 bln in July (Thomson Financial News)
- DATA SNAP: German Aug Trade Surplus Narrows To EUR14.1 Bln (Dow Jones)
Australia NATIONAL AUSTRALIA BANK'S BUSINESS CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 01:30 | National Australia Bank's Business Confidence | 7 | - | 10 |
Australian Sep Business Conditions Down 3 Pts At +16 − NAB (Dow Jones)
Australian business conditions eased for the first time in 2007 in September as businesses reported a pullback from record conditions in August and confidence softened. An index measuring business conditions fell 3 points to +16 in September, easing from a record high of +19 in August, National Australia Bank said in its monthly business survey. Business confidence fell 3 index points to +7 in September, its lowest reading since January, the survey said.
[ Full Story ]- Read the Business Survey report at National Australia Bank
- Australia's NAB business confidence index falls in September (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 8 | 23:01 | UK | BRC Retail Sales Monitor − All (YoY) | 3.0% | 1.9% | 5.1% |
| 23:01 | UK | NIESR GDP Estimate (QoQ) | 0.7% | 0.7% | ||
| Oct 9 | 01:30 | AU | National Australia Bank's Business Confidence | 7 | 10 | |
| 06:00 | DE | Trade Balance (Aug) | 14.1B | 16.2B | 17.9B | |
| 08:30 | UK | Total Trade Balance | -4.4B | |||
| 10:00 | DE | Industrial Production s.a. (MoM) (Aug) | 0.5% | 0.1% | ||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) | 3.9% | 4.6% | ||
| 12:15 | CA | Housing Starts (YoY) (Sep) | 218.0K | 226.5K | ||
| 18:00 | US | FOMC Minutes | ||||
| Oct 10 | 14:00 | US | Wholesale Inventories (Aug) | 0.3% | 0.2% | |