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EUROPEAN Trading Newsletter
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What moves currencies? − Free−Access Day
Expert: Tony Juste
Start: Thu, Oct 11, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis : What You Should Have Known Before Trading − Free−Access Day
Expert: Flávio Lemos
Start: Thu, Oct 11, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 11, 10:00 GMT | What moves currencies? − Free−Access Day | Tony Juste | WBN | |
| Thu, Oct 11, 12:00 GMT | US Pre−Market Open − Free Access Day | Ed Ponsi | WBN | |
| Thu, Oct 11, 13:00 GMT | Technical Analysis : What You Should Have Known Before Trading − Free−Access Day | Flávio Lemos | WBN | |
| Thu, Oct 11, 13:30 GMT | Weekly Technical Briefing − Free Access Day | Dan Blystone | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Report − EUR/USD Open 1.4045 High 1.4116 Low 1.4012 Close 1.4110 by iFOREX.bg
Although the Euro past under the 21 day MA, it could not break 1.4005, and closed higher above that level. No signs for downward movement for the moment, but if that happens, support is expected at the 21 day MA 1.4070, followed by the psychological 1.4005, and the 38.5% Fibonacci 1.3935 of the climb 1.3360 to 1.4279.
- EUR and CHF close to extremes as GBP leads at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- 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 11/10/2007 by AKforex
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Continues to move up above first resistant level 1.4179 . Fast and slow MA are rising
10/11/2007 07:06 GMT - GBP/USD
- Moves down below first support level 2.0369 with fast and slow MA move in mixed direction
10/11/2007 07:06 GMT - USD/CHF
- Continues to move down toward first support level 1.1796
10/11/2007 07:06 GMT - USD/JPY
- Moves up above pivot level 117.25
10/11/2007 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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Oct 11 | 09:00 | Gross Domestic Product s.a. (QoQ) | 0.3% | 0.3% |
| Oct 11 | 09:00 | Gross Domestic Product s.a. (YoY) | 2.5% | 2.5% |
EMU economic indicators - German industrial new orders probably rebounded in August by BHF−Bank
EMU GDP growth in Q2 is likely to be confirmed, but the EU Commission's GDP growth forecasts might be revised down.
[ Full Story ]Top Market Movers Review
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 11 | 04:30 | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% |
Bank of Japan votes 8−1 to keep overnight call rate unchanged (Thomson Financial News)
The Bank of Japan kept its overnight call rate target unchanged at 0.5 percent for the ninth straight meeting, a decision that was widely expected. The move will give the central bank more time to see how the credit market recovers from the summer market turmoil and if they have had any impact on the US economy, one of Japan's most important trading partners.
[ Full Story ]- Read the Interest Rate Decision report at Bank of Japan
- Bank of Japan keeps economic assessment unchanged in October (Thomson Financial News)
- Forex − Dollar recovers against yen as Bank of Japan keeps rates unchanged (Thomson Financial News)
- Yen drops after Bank of Japan keeps rates steady − UPDATE (Thomson Financial News)
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 11 | 01:30 | Employment Change | 13.0K | 20.0 | 31.9 |
| Oct 11 | 01:30 | Unemployment Rate | 4.2% | 4.3% | 4.3% |
Asia Market Update - Australia's jobless rate hits lowest level since November 1974 by Trade The News
Australia's jobless rate hits lowest level since November 1974: (AU SEPT EMPLOYMENT CHANGE: 13K V 20K expected, 34.3K prior; UNEMPLOYMENT RATE: 4.2% V 4.3% expected, 4.3% prior).
[ Full Story ]- Read the Labour Force report at Australian Bureau of Statistics
- Australia's unemployment rate eases to 4.2 pct in Sept from 4.3 pct in Aug (Thomson Financial News)
- DATA SNAP: Australian Sep Unemployment Rate 4.2% (Dow Jones)
Japan MONEY SUPPLY M2+CD
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 10 | 23:50 | Money Supply M2+CD (YoY) | 1.7% | 1.8% | 1.1% |
Japan Sep Money Supply Growth 1.7% Vs Aug 1.8% Growth (Dow Jones)
Japan's money supply, M2 plus certificate of deposits, grew 1.7% in September, slower than August's 1.8% rise, the Bank of Japan said Thursday. That was slightly slower than the 1.8% growth forecast, on average, by economists surveyed by Dow Jones and Nikkei.
[ Full Story ]- Read the Money Supply report at Bank of Japan
- Japan Sept money supply up 1.7 percent yr−on−yr, misses forecast (Thomson Financial News)
- Japan September Money Supply Table Of Data (Dow Jones)
- Japan Outlook:BOJ Mtg Ends;Sony Financial Lists;Seven & I 1H (Dow Jones)
Japan CURRENT ACCOUNT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 10 | 23:50 | Current Account | ¥2081B | ¥2240B | ¥1856B |
Japan Aug Unadjusted Current Account Surplus +42.1% On Year (Dow Jones)
Japan's current account surplus rose 42.1% in August from a year earlier, increasing for the eighth straight month, the government said Thursday. The surplus, the broadest measure of Japan's trade with the rest of the world, stood at Y2.081 trillion in August before seasonal adjustment.
[ Full Story ]- Read the Current Account report at Japan Ministry of Finance
- Japan Aug Current Accout Table Of Data (Dow Jones)
- Japan Aug current account surplus rises 42.1 pct yr−on−yr, misses forecast (Thomson Financial News)
- Japan Outlook:BOJ Mtg Ends;Sony Financial Lists;Seven & I 1H (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 11 | 01:30 | AU | Employment Change (Sep) | 13.0K | 20.0 | 31.9 |
| 01:30 | AU | Unemployment Rate (Sep) | 4.2% | 4.3% | 4.3% | |
| 04:30 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% | |
| 06:30 | JP | BoJ's Governor Fukui Speaks | ||||
| 08:00 | EMU | ECB Publishes Monthly Report | ||||
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (2Q) | 0.3% | 0.3% | ||
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (2Q) | 2.5% | 2.5% | ||
| 12:30 | US | Import Price Index (MoM) (Sep) | 1.0% | -0.3% | ||
| 12:30 | US | Import Price Index (YoY) (Sep) | 1.9% | |||
| 12:30 | US | Initial Jobless Claims (Oct 6) | 315K | 317K |
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