Monday, Oct 15, 07:26 GMT
EUROPEAN Trading Newsletter
To Get Started
- FXstreet.com 1st International Traders Conference - Come and meet our renowned Speakers
- NEW Webinars Video - Access now Educational Sessions Recordings
- Forex Chat Room: Share your trading ideas and comments with fellow traders
- Long-term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- The Advisor Blog: At the Open. Don't look any further.
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Oct 15, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Oct 15, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 15, 10:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Oct 15, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Oct 15, 13:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN |  |
| Mon, Oct 15, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Analysis− EUR/USD:(1.4174) 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 (1.4068 today).
1st Support area at 1.4159/ .52 (daily Short term moving Average↑/ daily Medium Term moving Average↑ + daily envelope bottom + Friday's low), with next levels at 1.4123/ .19.
- Know what's going on in the markets 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:
Daily Forex Technical Report − Markets in Range, Kiwi Lower after CPI by ActionForex.com
Daily Forex Commentary − Strong Retail Sales & Higher Oil Prices by Jyske Bank
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.4181 with mixed direction on fast and slow MA
10/15/2007 07:02 GMT - GBP/USD
- Back around opening price level 2.0361 , above pivot level 2.0322
10/15/2007 07:02 GMT - USD/CHF
- Continues to trade around pivot level 1.1842
10/15/2007 07:02 GMT - USD/JPY
- Continues to move up above opening price level 117.53 , above pivot level 117.48
10/15/2007 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 NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 15 | 12:30 | NY Empire State Manufacturing Index | - | 14.7 |
Daily Market Briefing - Will the Focus on Inflation and G7 Help the US Dollar Next Week? by FXCM
In addition to CPI and the G7, we are also expecting the Empire State and Philly Fed manufacturing survey, the Treasury International Capital flow report, industrial production and the Fed's Beige Book report.
[ Full Story ]Top Market Movers Review
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 15 | 04:30 | Industrial Production (YoY) | 4.4% | - | 3.8% |
| Oct 15 | 04:30 | Industrial Production (MoM) | 3.5% | - | -0.4% |
Japan Aug Revised Indus Output +3.5% M/M Vs +3.4% Prelim (Dow Jones)
The Japanese government Monday revised industrial output data for August to show a slightly better performance in production than it had initially reported around two weeks ago, confirming demand remained solid. The Ministry of Economy, Trade and Industry said industrial output rose 3.5% on month in August, a 0.1 point increase from the preliminary data, while shipments increased 4.9%, up 0.6 point.
[ Full Story ]- Read the Industrial Production report Japan Ministry of Economy, Trade and Industry
- Japan industrial output rises 3.5 pct in August, ahead of initial estimate (Thomson Financial News)
- Japan Outlook: BOJ Branch Managers' Meeting, J. Front 1H (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 14 | 21:45 | NZ | Consumer Price Index (QoQ) (2Q) | 0.5% | 1.0% | |
| 23:01 | UK | Rightmove House Price Index (MoM) | 2.7% | -2.6% | 0.4% | |
| Oct 15 | 04:30 | JP | Industrial Production (MoM) | 3.5% | -0.4% | |
| 04:30 | JP | Industrial Production (YoY) | 4.4% | 3.8% | ||
| 12:30 | CA | Leading Indicators (MoM) | 0.3% | |||
| 12:30 | US | NY Empire State Manufacturing Index | 14.7 | |||
| Oct 16 | 06:00 | DE | Consumer Price Index (MoM) | 0.2% | ||
| 06:00 | DE | Consumer Price Index (YoY) | 1.9% | |||
| 07:15 | CH | Adjusted Real Retail Sales (YoY) | 3.3% | |||
| 08:30 | UK | Consumer Price Index (MoM) | 0.4% | |||