Monday, Sep 22, 07:56 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Multiple Timeframe Trading by James Chen
- Special Coverage - Financial Crisis: The US Government's ultimate intervention by FXstreet.com
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Forex Blogs
FX Market Readings: Week beginning upward stop hunt by Dr. S. Sivaraman
EURO and GBP made the upward stop hunt for week beginning as expected. They are expected to slide after a brief rise during European session start. Then try to make downward stop hunts before the US session rise.
The Disciplined Trader: How to choose a broker by Pierre Charlebois
1st on Forex: Looking For a Bottom − Are We There Yet? by Jerry Furst
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Sep 22, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Appreciation and Deppreciation in News Trading
Expert: Carlos Rocha
Start: Mon, Sep 22, 13:00 GMT
Type of Session: Webinar
Topics
− How will the currency react?
− What does the Market do when the News are released?
− Should I buy or sell ?
| Sponsored by | ||||
| Mon, Sep 22, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Sep 22, 13:00 GMT | Appreciation and Deppreciation in News Trading | Carlos Rocha | WBN |  |
| Mon, Sep 22, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Sep 22, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − Daily Technical Outlook − Monday 09.22.2008 by E−Forex
The Euro is stronger and it recovered some of its recent losses on Friday, after an impressive rally of 340 points. Strong resistance is formed into the 1.4570 region and a potential break should open 1.49/1.5. The short term studies are bullish while holding above 1.43. Minor support is seen at 1.4470 backed by 1.4390, 1.4350 and 1.4300. Resistance starts at 1.4500 followed by 1.4570 and 1.4650. Current quote is 1.4480 @06:45 GMT
- Fed Special Coverage Transcript by Valeria Bednarik
- Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Technical Trader Closing Brief − Stellar Follow UP Session by The Technical Trader
Daily Forex and Dow Jones Recommended Levels − Fxtechtrade by FXtechtrade
Daily Market Commentary − The European currencies should weaken by GFT (Global Forex Trading)
Market Session Recaps − Asia Session by FOREX.com
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
Forex Analysts' Blog
Week beginning upward stop hunt by Dr. S. Sivaraman, of i−knowindices.com
Weekly Pivot Points by Wayne McDonell, FxBootcamp.com
Forex Signals
Spot Forex Trades − 100pips GBPJPY Mission Completed by ForexSurvivor
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.4489 , above pivot level 1.4373
09/22/2008 06:54 GMT - GBP/USD
- Trades around opening price level 1.8337 , above pivot level 1.8218
09/22/2008 06:54 GMT - USD/CHF
- Trades below opening price level 1.1050 , below pivot level 1.1104
09/22/2008 06:55 GMT - USD/JPY
- Trades below pivot level 106.88
09/22/2008 06:55 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, GFT (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 PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 23 | 08:00 | Purchasing Manager Index Services | 48.0 | 48.5 |
| Sep 23 | 08:00 | Purchasing Manager Index Manufacturing | 47.3 | 47.6 |
Friday Notes - EMU PMIs: No Relief by HVB Group
We expect the factory PMI to resume declining in September, as the flow of new orders dries up and inventories continue climbing. We suspect manufacturing activity has not hit bottom yet.
[ Full Story ]Top Market Movers Review
Japan BOJ MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 21 | 23:50 | BoJ Minutes | - | - | - |
BOJ Aug meeting: US stagnation could be prolonged (Thomson Financial News)
U.S. economic stagnation could be prolonged due to a further slide in housing prices and because of banks' lending attitude and slowing global growth, some members of the Bank of Japan's policy board said at a meeting last month, minutes showed on Monday. "Some members said attention should be paid to possible further losses that U.S. financial institutions could incur," the minutes of the central bank's Aug. 18−19 meeting showed.
[ Full Story ]- Read the Minutes of the Monetary Policy Meetings at Bank of Japan
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 21 | 23:50 | JP | BoJ Minutes (Aug) | |||
| Sep 22 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Aug) | -3.5% | -3.4% | |
| 01:30 | AU | New Motor Vehicle Sales (YoY) (Aug) | -7.2% | -4.1% | ||
| 07:15 | EMU | ECB Trichet's Speech | ||||
| 12:30 | CA | Retail Sales (MoM) (Jul) | 0.2% | 0.5% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Jul) | 0.3% | 1.4% | ||
| Sep 23 | 02:00 | NZ | Westpac Consumer Confidence (3Q) | 81.7 | ||
| 07:30 | DE | Purchasing Manager Index Manufacturing (Sep)  | 49.2 | 49.7 | ||
| 07:30 | DE | Purchasing Manager Index Services (Sep) | 50.8 | 51.4 | ||
| 08:00 | EMU | Purchasing Manager Index Manufacturing (Sep) | 47.3 | 47.6 | ||