Tuesday, Oct 16, 07:33 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
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
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Oct 16, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − EUR Rise Analysis
Expert: Tony Juste
Start: Tue, Oct 16, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 16, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Oct 16, 10:00 GMT | What Moves Currencies? − EUR Rise Analysis | Tony Juste | WBN | |
| Tue, Oct 16, 11:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
| Tue, Oct 16, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN |  |
Current Session: Europe
USD/JPY
Daily Market Commentary − The dollar was mixed on Monday, despite the strong Empire State report by Global Forex Trading
Dollar/yen edged up to a new two−month high on Monday and traded sideways early Tuesday. The upside is still cautiously favored in the medium term. Above 117.95, resistance is seen at 118.25 from a 50−point pivot that targets 117.75 and 118.75.
- Techs working against the USD now 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 16/10/2007 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
- Moves up toward first resistant level 1.4243
10/16/2007 07:03 GMT - GBP/USD
- Trades above pivot level 2.0394
10/16/2007 07:03 GMT - USD/CHF
- Moves down toward first support level 1.1770
10/16/2007 07:04 GMT - USD/JPY
- Moves down below opening price level 117.42 , below pivot level 117.48
10/16/2007 07:04 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 16 | 09:00 | Consumer Price Index − Core (YoY) | 1.9% | 1.9% |
| Oct 16 | 08:30 | Consumer Price Index (MoM) | 0.3% | 0.4% |
Friday Notes - Banks tightening lending standards by HVB Group
In September, we expect UK consumer price inflation to edge marginally up to 1.9% from the 1.8% recorded in August, while core inflation is likely to remain stable at 1.8%.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 16 | 06:00 | Consumer Price Index (YoY) | 2.4% | 2.5% | 2.5% |
| Oct 16 | 06:00 | Consumer Price Index (MoM) | 0.1% | 0.2% | -0.1% |
DATA SNAP: German Sep CPI Revised Down To +2.4% YY, +0.1% MM (Dow Jones)
Germany's consumer price index for September was revised downward a notch after the federal statistics office Destatis received the full set of data from all of the country's 16 states.
[ Full Story ]- Read the Consumer prices in September 2007 at German Statistics
- UPDATE: German Sep CPI Revised Down To +2.4% YY, +0.1% MM (Dow Jones)
- German final CPI grows 2.4% year on year (FXstreet.com)
- German Sept final CPI up 0.1 pct vs Aug, up 2.4 pct yr−on−yr (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 16 | 06:00 | DE | Consumer Price Index (MoM) (Sep) | 0.1% | 0.2% | -0.1% |
| 06:00 | DE | Consumer Price Index (YoY) (Sep) | 2.4% | 2.5% | 2.5% | |
| 07:15 | CH | Adjusted Real Retail Sales (YoY) | 3.8% | 3.3% | ||
| 08:30 | UK | Consumer Price Index (MoM) (Sep) | 0.3% | 0.4% | ||
| 08:30 | UK | Consumer Price Index (YoY) (Sep) | 1.9% | 1.8% | ||
| 08:30 | UK | Core Consumer Price Index (YoY) | 1.8% | 1.8% | ||
| 08:30 | UK | Retail Price Index (MoM) (Sep) | 0.4% | 0.6% | ||
| 08:30 | UK | Retail Price Index (YoY) (Sep) | 4.0% | 4.1% | ||
| 09:00 | EMU | Consumer Price Index − Core (YoY) (Sep) | 1.9% | 1.9% | ||
| 09:00 | EMU | Consumer Price Index (MoM) (Sep) | 0.4% | 0.1% | ||