Wednesday, Oct 17, 07:33 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − US CPI Preview
Expert: Tony Juste
Start: Wed, Oct 17, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Wed, Oct 17, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 17, 10:00 GMT | What Moves Currencies? − US CPI Preview | Tony Juste | WBN | |
| Wed, Oct 17, 11:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
| Wed, Oct 17, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN |  |
| Wed, Oct 17, 14:00 GMT | G7 and Currency Market Outlook | Don Wilcox | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
After it failed to break 1.4220, the Euro declined and found support at 1.4145, recovering slightly since yesterday. Support is now formed at 1.4165 backed by 1.4145 and 1.4100. Minor resistance is seen at 1.4180 and it is followed by 1.4195 and 1.4220. Higher, resistance is also noticed at 1.4240 and 1.4280.
- A bit of rollercoaster price action 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 17/10/2007 by AKforex
Currency Majors Technical Analysis by Mataf.net
Forecast on Forex Majors − Forecast on Forex Majors by FX−Strategy
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.4180
10/17/2007 07:02 GMT - GBP/USD
- Stays below opening price level 2.0331 , below pivot level 2.0353
10/17/2007 07:02 GMT - USD/CHF
- Continues to move down below first support level 1.1793
10/17/2007 07:03 GMT - USD/JPY
- Trades around first support level 116.41 . Fast and slow MA are still falling
10/17/2007 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
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 17 | 08:30 | Bank of England Minutes | - | - |
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The Bank of England Minutes should continue to show the owes of the credit crunch as well as the lower inflation fears that should be coming from recent data. All that being said, if the BoE is eager enough to call for yet another rate hike anytime soon, I guess the market will not take that as a good news. In any event, I expect the release of the last meeting minutes to be bearish for the GBP rather than bullish." − FXstreet.com
Top Market Movers Review
Australia WESTPAC LEADING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 17 | 00:30 | Westpac Leading Index (MoM) | 5.6% | - | 0.2% |
Australian Leading Economic Index +5.6% In August (Dow Jones)
A leading index of the Australian economy grew at an annualized rate of 5.6% in August, up from 5.3% in July. The index of where the economy is headed in the next three to nine months is compiled monthly by Westpac Banking Corp. and Melbourne University's Institute of Applied Economic and Social Research.
[ Full Story ]- Read the Leading Index report at Westpac Website
- Australia's August Westpac leading index up 1.5 points from July (Thomson Financial News)
Japan TERTIARY INDUSTRY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 16 | 23:50 | Tertiary Industry Index (MoM) | 1.3% | 1.0% | -0.5% |
Japan August tertiary index up 1.3 pct from July (Thomson Financial News)
Japan's tertiary index, which measures spending in the services sector, rose 1.3 percent in August from July, as the hot weather buoyed consumer spending, the Ministry of Economy, Trade and Industry said Wednesday.
[ Full Story ]- Read the Tertiary Industry Index report at Japan Ministry of Economy, Trade and Industry
- Japan tertiary index rises 1.3 pct to record level in August − UPDATE (Thomson Financial News)
- Japan Outlook: Tertiary Activity Index, Revised Machine Tool (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 16 | 21:00 | US | ABC Consumer Confidence (Oct 14) | -13 | ||
| 23:50 | JP | Tertiary Industry Index (MoM) (Aug) | 1.3% | 1.0% | -0.5% | |
| Oct 17 | 00:30 | AU | Westpac Leading Index (MoM) (Aug) | 5.6% | 0.2% | |
| 05:00 | JP | Leading Economic Index (Aug) | 27.3 | 27.3 | 72.7 | |
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Aug) | 3.6% | 3.5% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Aug) | 3.6% | 3.5% | ||
| 08:30 | UK | Bank of England Minutes | ||||
| 08:30 | UK | Claimant Count Rate (Sep) | 2.6% | 2.6% | ||
| 08:30 | UK | Jobless Claims Change (Sep) | -4.0K | -4.2K | ||
| 08:30 | UK | Unemployment Rate | 5.4% | |||