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EUROPEAN Trading Newsletter
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Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Wed, Oct 10, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Analysis of the FOMC Minutes Impact
Expert: Tony Juste
Start: Wed, Oct 10, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 10, 09:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
| Wed, Oct 10, 10:00 GMT | What Moves Currencies? − Analysis of the FOMC Minutes Impact | Tony Juste | WBN | |
| Wed, Oct 10, 11:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN |  |
| Wed, Oct 10, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD:(1.4110) Correction off 1.4283 puts pair below channel off 1.3550 by KBC Bank
Drop from 1.4283 puts the pair below channel off 1.3550 (see graph), but currently back above the Long Term daily channel top off 2005 low (1.4057 today).
1st Support area at 1.4074/ .4071 (daily Bollinger midline/ Short term reaction low hourly), with next levels at 1.4041 (daily envelope bottom), ahead of 1.4015/ .4005.
- 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:
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Preview Strategies for − Preview Strategies for EUROPEAN SESSION 10/10/2007 by AKforex
Currencies at a Glance
- EUR/USD
- Moves up above opening price level 1.4104 , above pivot level 1.4078
10/10/2007 07:02 GMT - GBP/USD
- Continues to move up toward first resistant level 2.0424
10/10/2007 07:02 GMT - USD/CHF
- Continues to trade around opening price level 1.1836 , below pivot level 1.1850
10/10/2007 07:02 GMT - USD/JPY
- Moves up toward first resistant level 117.48
10/10/2007 07:03 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
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 10 | 14:00 | Wholesale Inventories | 0.3% | 0.2% |
US economic indicators - Trade balance could have narrowed slightly again in August by BHF−Bank
Wholesale inventories could have gone up a little more strongly by 0.3% mom in August, but growth in retail inventories might have slowed noticeably.
[ Full Story ]Top Market Movers Review
France INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 10 | 06:45 | Industrial Production (YoY) | 1.8% | 1.2% | 2.6% |
| Oct 10 | 06:45 | Industrial Production (MoM) | 0.3% | -0.3% | 1.7% |
DATA SNAP: French Aug Indus Output +0.3% On Month (Dow Jones)
French industrial production rose 0.3% on the month in August after a revised 1.7% increase in July, France's Insee national statistics office said Wednesday. The market was expecting a 0.3% decline on the month in August, after an initial reading of a 1.3% rise in July.
[ Full Story ]- Read the Industrial Production Index at Insee
- French industrial production increased unexpectedly in August (FXstreet.com)
- French Aug industrial output up 0.3 pct from July; consensus down 0.2 pct (Thomson Financial News)
- France Aug Industrial Production increases 0.3%; −0.3% expected (FXstreet.com)
US FOMC MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 18:00 | FOMC Minutes | - | - | - |
Central Banks: Fed - September 18 FOMC Minutes by FXstreet.com
The minutes of the September 18 FOMC meeting were significantly more bearish about the economy compared with the minutes of the August 7 FOMC meeting.
- Read the FOMC Minutes Meeting at US Federal Reserve
- THE FED: FOMC's Next Rate Moves To Hinge On Economy, Minutes Show (Dow Jones)
- THE FED: Yellen Keeping An Open Mind On Future Rate Cuts (Dow Jones)
- FOMC saw risk of 'significant broader weakness' at September 18 meeting UPDATE (Thomson Financial News)
Morning Report - USD rally comes to a halt after FOMC minutes by Westpac Institutional Bank
Daily Market Briefing - US Dollar: Rate Cut Expectations Drop Significantly by FXCM
Asia Market Update - Asian stocks rally on view that Fed is in control by Trade The News
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 9 | 18:00 | US | FOMC Minutes | |||
| Oct 10 | 00:30 | AU | Westpac Consumer Confidence (Oct) | -0.3% | 4.2% | |
| 06:45 | FR | Industrial Production (MoM) (Aug) | 0.3% | -0.3% | 1.7% |
|
| 06:45 | FR | Industrial Production (YoY) (Aug) | 1.8% | 1.2% | 2.6% | |
| 14:00 | US | Wholesale Inventories (Aug) | 0.3% | 0.2% | ||
| 14:30 | US | EIA Crude Oil Stocks | 1.2M | |||
| 14:30 | UK | Leading Indicator Index | -0.2% | |||
| 23:50 | JP | Current Account (Aug) | ¥2240B | ¥1856B | ||
| Oct 11 | 01:30 | AU | Employment Change (Sep) | 20.0 | 31.9 | |
| 01:30 | AU | Unemployment Rate (Sep) | 4.3% | 4.3% | ||