Tuesday, Oct 23, 07:33 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Oct 23, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − EUR crosses watch
Expert: Tony Juste
Start: Tue, Oct 23, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 23, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Oct 23, 10:00 GMT | What Moves Currencies? − EUR crosses watch | Tony Juste | WBN | |
| Tue, Oct 23, 11:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
| Tue, Oct 23, 12:00 GMT | Simple and Basic System for a Quick Start in Forex | Valeria Bednarik | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Report − EUR/USD Open 1.4177 High 1.4319 Low 1.4173 Close 1.4204 by iFOREX.bg
The Euro concessed from climbing to its absolute top against the US Dollar, and corrected back to 1.4128. The upward impulse remains, and the first resistance for today is the top from 15 October 1.4254, followed by 1.4325, and eventually 1.4400.
- EUR/USD and GBP/USD triggers take place at extremes 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 Recommended Trades − EUR/USD daily outlook by E−Forex
Preview Strategies for − Preview Strategies for EUROPEAN SESSION 23/10/2007 by AKforex
Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Trades below pivot level 1.4217
10/23/2007 07:00 GMT - GBP/USD
- Moves up around pivot level 2.0381
10/23/2007 07:00 GMT - USD/CHF
- Moves down toward pivot level 1.1721
10/23/2007 07:00 GMT - USD/JPY
- Stays around opening price level 114.54 , above pivot level 114.14
10/23/2007 07:00 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 INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Oct 23 | 09:00 | Industrial New Orders s.a. (MoM) | 0.9% | -4.0% |
| Oct 23 | 09:00 | Industrial New Orders (YoY) | 6.0% | 10.9% |
EMU economic indicators - Germany confidence indices expected to decline by BHF−Bank
EMU industrial new orders are expected to have rebounded in August, just like the corresponding German figure.
[ Full Story ]Top Market Movers Review
France CONSUMER SPENDING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 23 | 06:45 | Consumer Spending (MoM) | -0.5% | -0.5% | 0.7% |
Consumer spending edges up in France in September, against expectations (FXstreet.com)
Consumer spending has inched up in September in France thanks to good results in textile−leather expenditures, which outbalanced the decrease on expenditure on durable goods, according to data by the French statistics institute, Insee.
[ Full Story ]- Read the Household consumption expenditure in manufactured goods at Insee
- French Sept household consumption up 0.1 pct vs up 0.7 pct in Aug (Thomson Financial News)
- DATA SNAP: French Sep Consumer Spending +0.1% MM; +5.8% YY (Dow Jones)
- France Sep Consumer Spending increases 0.1% on the month; 5.8% up on the year (FXstreet.com)
Friday Notes - Strong Q3 GDP Growth – A False Dawn by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 22 | 18:45 | EMU | ECB's Trichet Speaks | |||
| Oct 23 | 06:45 | FR | Consumer Spending (MoM) (Sep) | -0.5% | -0.5% | 0.7% |
| 09:00 | EMU | Industrial New Orders (YoY) (Aug) | 6.0% | 10.9% | ||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Aug) | 0.9% | -4.0% | ||
| 12:30 | CA | Retail Sales (MoM) (Aug) | 0.5% | -0.8% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Aug) | 0.3% | -0.3% | ||
| 14:00 | US | Richmond Fed Manufacturing Index (Oct 21) | 8 | 14 | ||
| 21:00 | US | ABC Consumer Confidence (Oct 21) | -13 | |||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Sep) | ¥916.300B | ¥1144.909B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Sep) | ¥1470.000B | ¥743.238B | ||