Thursday, Oct 25, 07:33 GMT
EUROPEAN Trading Newsletter
To Get Started
- D-day: The ITC starts today!!
- NEW Webinars Video - Access now Educational Sessions Recordings
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- Long-term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- Special Coverage - G7 Meeting Review by FXstreet.com
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Live Sessions Schedule
What Moves Currencies? − Focus on carry trade
Expert: Tony Juste
Start: Wed, Oct 24, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Wed, Oct 24, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 25, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN |  |
| Thu, Oct 25, 16:00 GMT | Trading with Tom Flora  | Tom Flora | WBN | |
| Mon, Oct 29, 10:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Oct 29, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
EUR/USD
EUR/USD: (1.4268) Bearish engulfing at Long Term high by KBC Bank
New high but bearish engulfing top.
1st Support area at 1.4220 (daily channel bottom off 1.3358), with next levels at 1.4197/ .4191 (daily envelope bottom/ daily Bollinger midline), ahead of 1.4162 (daily projection band bottom).
1.4126/ .4105 = reaction low off 1.4349/ daily Long Term Moving Average↑: failure to hold would warn of need of larger correction of recent € gains.
- Timid USD reaction post−data 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 Commentary − Home Sales Still in Focus by Jyske Bank
Preview Strategies for − Preview Strategies for EUROPEAN SESSION 25/10/2007 by AKforex
Daily Recommended Trades − EUR/USD daily outlook by AKforex
Currencies at a Glance
- EUR/USD
- Moves down toward pivot level 1.4241 after hit 1.4288
10/25/2007 06:52 GMT - GBP/USD
- Trades around pivot level 2.0480
10/25/2007 06:52 GMT - USD/CHF
- Back around opening price level 1.1720 after bounced at 1.1696
10/25/2007 06:53 GMT - USD/JPY
- Trades below opening price level 114.24 , below pivot level 114.34
10/25/2007 06:53 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
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 25 | 08:00 | IFO − Business Climate | 103.8 | 104.2 |
EMU economic indicators - Germany confidence indices expected to decline by BHF−Bank
In October, the German ifo business climate index might decrease again somewhat. The US ISM index has declined further, and the German ZEW economic sentiment has just remained stable.
[ Full Story ]Economics Weekly - US housing data and eurozone confidence surveys feature this week by Lloyds TSB Financial Markets
Top Market Movers Review
Germany IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 25 | 06:00 | Import Price Index (MoM) | 0.6% | 0.4% | -0.7% |
| Oct 25 | 06:00 | Import Price Index (YoY) | 1.3% | 1.2% | -0.6% |
German Sept import prices up 0.6 pct vs Aug; up 1.3 pct year−on−year (Thomson Financial News)
German import prices rose 0.6 pct in September from August, compared with the forecast for an increase of 0.5 pct, according to the Federal Statistics Office.
[ Full Story ]- Read the Import prices in September 2007 at German Statistics
- Germany Import Price Index increases 1.3% on the year in September (FXstreet.com)
Japan CORPORATE SERVICE PRICE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 24 | 23:50 | Corporate Service Price (MoM) | 0.7% | - | 1.0% |
| Oct 24 | 23:50 | Corporate Service Price (YoY) | 1.4% | - | 1.0% |
Japan Sep Corporate Service Prices +0.7% On Mo, +1.4% On Yr (Dow Jones)
The Bank of Japan's corporate service price index for September was 94.5, up 0.7% from August and up 1.4% from a year earlier, the central bank said Thursday.
[ Full Story ]- Read the Corporate Service Price Index report at Bank of Japan
- Japan Sept corporate services price index up 1.4 percent yr−on−yr (Thomson Financial News)
- Japan Outlook: Sony, Sharp 1H Earnings, Sep Corp Svc Price (Dow Jones)
New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 24 | 21:00 | RBNZ Interest Rate Decision | 8.25% | 8.25% | 8.25% |
New Zealand central bank leaves rates on hold (Thomson Financial News)
New Zealand's central bank left interest rates on hold Thursday but warned the government that increased spending or tax cuts would raise the risk of further hikes. Reserve Bank of New Zealand Governor Alan Bollard left the official cash rate (OCR) at 8.25 percent, one of the highest official rates in the developed world.
[ Full Story ]- Read the Official Cash Rate decision at Reserve Bank of New Zealand
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 24 | 23:50 | JP | Corporate Service Price (MoM) | 0.7% | 1.0% | |
| 23:50 | JP | Corporate Service Price (YoY) | 1.4% | 1.0% | ||
| Oct 25 | 06:00 | DE | Import Price Index (MoM) (Sep) | 0.6% | 0.4% | -0.7% |
| 06:00 | DE | Import Price Index (YoY) (Sep) | 1.3% | 1.2% | -0.6% | |
| 08:00 | DE | IFO − Business Climate (Oct) | 103.8 | 104.2 | ||
| 12:30 | US | Durable Goods Orders (Sep) | 1.5% | -4.9% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Sep) | 0.7% | -1.8% | ||
| 12:30 | US | Initial Jobless Claims (Oct 20) | 320K | 337K | ||
| 14:00 | US | New Home Sales (Sep) | 775K | 795K | ||
| 14:00 | US | New Home Sales (MoM) (Sep) | -2.5% | -8.3% | ||