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EUROPEAN Trading Newsletter
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1st FXStreet.com International Conference − Oct. 25−27th
Oct 26, 07:00 GMTSecond day at the ITC 2007 by FXstreet.com
Check out our Live coverage from the ITC!
Review the pictures of the event, such as Nicole Elliott and Wayne McDonell in their presentation at the conference, the attendees relaxing in the coffee break or some of the FXstreet.com's staff stressed out.
- ITC Homepage
- Discuss your trading plann with Rob Booker live from the ITC at the Forum
Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Oct 29, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Oct 29, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Mon, Oct 29, 13:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN |  |
| Mon, Oct 29, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
EUR/USD
Daily Forex Commentary − A light calendar ahead of the weekend by Jyske Bank
The USD weakened further during Thursday's European trading session and as a consequence EURUSD broke through 143 and tested the all time high. Fundamentally we still believe in a stronger USD but so far the 21−day moving average on EURUSD seems to provide a reasonable support.
- Read the latest technical comments on majors' crosses 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:
Market Session Recaps − Asia Session by FOREX.com
Daily Market Commentary − Rumors of an emergency Fed rate cut remained in place by Global Forex Trading
Forex Technical Analysis − EUR/USD: (1.4337) In inverted channel off 1.4015 by KBC Bank
Currencies at a Glance
- EUR/USD
- Moves up above first resistant level 1.4362
10/26/2007 07:04 GMT - GBP/USD
- Back below first resistant level 2.0561
10/26/2007 07:04 GMT - USD/CHF
- Moves down toward first support level 1.1617
10/26/2007 07:05 GMT - USD/JPY
- Continues to move up toward first resistant level 114.56
10/26/2007 07:05 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 REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 26 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 82.0 | 83.4 |
Friday Notes - Strong Q3 GDP Growth – A False Dawn by HVB Group
Daily polling by the Rasmussen consumer survey shows a definite improvement in consumer sentiment during the past several days. If that is mirrored in the U of Michigan survey, as is often the case, the recent erosion of confidence will be partially reversed.
[ Full Story ]Top Market Movers Review
EMU M3
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 26 | 08:00 | M3 (YoY) | 11.3% | 11.4% | 11.6% |
Euro Zone's M3 annual rate of growth eases to 11.3% in September from 11.6% in August (FXstreet.com)
The M3 annual rate of growth has edged down to 11.3% in September from 11.6% in August, while the three−month average increased to 11.5% in the July –September period from 11.4% in June−August, according to the latest report by the European Central Bank.
[ Full Story ]- Read the Monetary developments in the Euro Area: September 2007 report at ECB
- EU M3 edges down to 11.3% in Sep from 11.6% in August (FXstreet.com)
Friday Notes - Strong Q3 GDP Growth – A False Dawn by HVB Group
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 26 | 06:00 | Gfk Consumer Confidence Survey | 4.9 | 6.5 | 6.7 |
Gfk Consumer confidence falls more than expected (FXstreet.com)
Consumer confidence index is expected to fall to the level of 4.9 points in November, following an upwardly revised 6.7 points in October, according to the latest report by Gfk Group.
[ Full Story ]- Read the Consumer Confidence Survey report at Gfk Website
- Germany's GfK sees Nov consumer climate index at 4.9 vs 6.7 in Oct (Thomson Financial News)
- German GfK Nov Consumer Sentiment 4.9 Vs 6.7 in Oct −Reuters (Dow Jones)
Friday Notes - Strong Q3 GDP Growth – A False Dawn by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 26 | 06:00 | DE | Gfk Consumer Confidence Survey (Nov) | 4.9 | 6.5 | 6.7 |
| 07:15 | CH | Producer and Import Prices (MoM) (Sep) | -0.3% | 0.3% | 0.3% | |
| 07:15 | CH | Producer and Import Prices (YoY) (Sep) | 2.4% | 2.9% | 2.7% | |
| 08:00 | EMU | M3 (YoY) (Sep) | 11.3% | 11.4% | 11.6% | |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Oct) | 82.0 | 83.4 | ||
| Oct 29 | 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) | 9% | ||
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) | 0.7% | |||
| Oct 31 | 18:15 | US | Fed Interest Rate Decision | 4.75% | 4.75% | |