Wednesday, Oct 31, 08:22 GMT
EUROPEAN Trading Newsletter
To Get Started
- Get FXstreet's Economic Calendar for your own site
- 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
- Fed - 31st October Meeting Preview by FXstreet.com
- The Advisor Blog: At the Open. USD against the ropes.
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
What Moves Currencies? − Preview of the FOMC
Expert: Tony Juste
Start: Wed, Oct 31, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Wed, Oct 31, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 31, 10:00 GMT | What Moves Currencies? − Preview of the FOMC | Tony Juste | WBN | |
| Wed, Oct 31, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Wed, Oct 31, 14:00 GMT | Dynamic Technical Analysis  | Valeria Bednarik | WBN |  |
| Wed, Oct 31, 17:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN | |
Current Session: Europe
EUR/USD
Daily Forex Technical Report − Huge Day for Dollar, Focus on FOMC and Q3 GDP by ActionForex.com
EUR/USD edges to new record high of 1.4452 today and at this point, intraday bias remains on the upside as long as 1.4373 support holds. As discussed before, current rally from 1.3360 is expected to extend to next upside target of 1.4535 cluster resistance (95 high and 200% projection of 1.3262 to 1.3851 from 1.3360 at 1.4538).
- Technical Trigger: GBP/USD 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 Trend Trade − Daily Trend Trade by FX Trend Trader
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Preview Strategies for − Preview Strategies for EUROPEAN SESSION 31/10/2007 by AKforex
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level 1.4439 , above pivot level 1.4419
10/31/2007 06:57 GMT - GBP/USD
- Moves up above yesterday high 2.0703 , toward first resistant level 2.0734
10/31/2007 06:58 GMT - USD/CHF
- Stays below pivot level 1.1606
10/31/2007 07:04 GMT - USD/JPY
- Continues to trade around pivot level 114.68
10/31/2007 07:08 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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 31 | 09:00 | Consumer Confidence | -5 | -5 |
EMU economic indicators - EMU industrial confidence and economic sentiment are expected to have deteriorated in October by BHF−Bank
As the national climate indicators showed mixed results, EMU industrial confidence and economic sentiment are likely to have deteriorated in October, but not as sharply as before.
[ Full Story ]Top Market Movers Review
UK NATIONWIDE HOUSING PRICES S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 31 | 07:00 | Nationwide Housing Prices s.a (MoM) | 1.1% | 0.2% | 0.7% |
| Oct 31 | 07:00 | Nationwide Housing Prices n.s.a (YoY) | 9.7% | 8.5% | 9.0% |
DATA SNAP: UK October House Prices +1.1%MM, +9.7%YY (Dow Jones)
U.K. house prices remained buoyant in October and rose by a level equal to the highest monthly level this year as a lack of available property for sale continues to lend some support to house prices, the Nationwide Building Society said Wednesday.
[ Full Story ]- Read the Nationwide Housing report at Nationwide
- UK house prices rise sharply in October − Nationwide (Thomson Financial News)
- UK housing prices increase higher than expected in October (FXstreet.com)
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 31 | 06:00 | Retail Sales (MoM) | 2.3% | 0.8% | -1.6% |
German Sept retail sales up 2.3 pct vs Aug, down 2.2 pct year−on−year (Thomson Financial News)
German retail sales rose 2.3 pct in real terms in September compared with August and fell 2.2 pct from September last year, according to preliminary figures from the Federal Statistics Office.
[ Full Story ]- Read the Turnover in retail trade in September 2007: In real terms −2.2% to September 2006 at German Statistics
- UPDATE: German Sep Retail Sales +2.3% MM, −2.2.% YY (Dow Jones)
- DATA SNAP: German Sep Retail Sales +2.3% MM, −2.2.% YY (Dow Jones)
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 31 | 03:00 | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% |
Bank of Japan votes 8−1 to keep overnight call rate unchanged (Thomson Financial News)
The Bank of Japan kept its overnight call rate target unchanged at 0.5 percent for the tenth straight meeting, a decision that was widely expected.
[ Full Story ]- Read the Interest Rate decision report at Bank of Japan
- Bank of Japan cuts FY GDP forecast but sees steady recovery in next FY − UPDATE (Thomson Financial News)
- Bank of Japan cuts FY real GDP forecast but sees steady recovery in next FY (Thomson Financial News)
- Bank of Japan votes 8−1 to keep overnight call rate unchanged − UPDATE (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 31 | 06:00 | DE | Retail Sales (MoM) (Sep) | 2.3% | 0.8% | -1.6% |
| 06:00 | DE | Retail Sales (YoY) (Sep) | -2.2% | -0.6% | -2.2% | |
| 07:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Oct) | 9.7% | 8.5% | 9.0% | |
| 07:00 | UK | Nationwide Housing Prices s.a (MoM) (Oct) | 1.1% | 0.2% | 0.7% | |
| 09:00 | EMU | Consumer Confidence (Oct) | -5 | -5 | ||
| 10:00 | EMU | Consumer Price Index Estimate (YoY) | 2.1% | |||
| 10:00 | EMU | Economic Confidence (Oct) | 106.5 | 107.1 | ||
| 10:00 | EMU | Unemployment Rate (Sep) | 6.9% | 6.9% | ||
| 10:30 | UK | Gfk Consumer Confidence (Oct) | -8 | -7 | ||
| 10:30 | CH | KOF Swiss Leading Indicator (Oct) | 2.10 | 2.14 | ||