Wednesday, Sep 24, 07:27 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Understand & Use Fibonacci Ratio’s Effectively by Sunil Mangwani
- Special Coverage - Bernanke's and Paulson's testimonies by FXstreet.com
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.
Forex Blogs
FX Market Readings: EURO and GBP are to drop and then rise by Dr. S. Sivaraman
Euro and GBP are now making middle level consolidation to drop again during European session and firmup during US session. Quick drops are buy opportunities and initial firming up moves are sell opportunities before the drop.
FX Path: GBP/USD Update − Continued Climb by James Chen
The Advisor Weblog: Gbp/Usd, intraday and longer term by Valeria Bednarik
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Sep 24, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Sep 24, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 24, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Sep 24, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Sep 24, 11:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Wed, Sep 24, 12:00 GMT | Central Bank Review | Adam Rosen | WBN |  |
Current Session: Europe
GBP/USD
Daily Market Commentary − The dollar made a mild recovery versus the European and the antipodean currencies on Tuesday by GFT (Global Forex Trading)
Sterling/dollar slipped on profit taking after surging a day earlier, and my model remains long. The upside remains favored in the short term, but only a break above 1.8639 would get the market excited now. Initial resistance is at 1.8550. The next levels are 1.8600 and 1.8639. Above these levels, the next resistance is now seen at 1.8722. Above 1.8800, distant resistance remains at 1.9115. Immediate support remains at 1.8475. The next level is 1.8355. Below 1.8250, distant support remains at 1.8110.
- 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:
Daily Recommended Trades − Daily Technical Outlook − Wednesday 09.24.2008 by E−Forex
Daily Market Outlook by AceTrader
Market Session Recaps − Asia Session by FOREX.com
Daily Forex Outlook − Bailout Plan hitting roadblocks, Markets cautious by Easy Forex
Banks' Analysis
Daily Forex Commentary − Markets remain nervous by Jyske Bank
Forex Analysts' Blog
EURO and GBP are to drop and then rise by Dr. S. Sivaraman, of i−knowindices.com
Forex Signals
Daily FX Forecast by S.A.F.E. Ltd
Recent Recommended Trades by AceTrader
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.4699
09/24/2008 07:03 GMT - GBP/USD
- Trades around pivot level 1.8542
09/24/2008 07:03 GMT - USD/CHF
- Trades around opening price level 1.0863 , above pivot level 1.0825
09/24/2008 07:04 GMT - USD/JPY
- Moves up towards second resistant level 106.49
09/24/2008 07:04 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 CURRENT ACCOUNT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Sep 24 | 08:00 | Current Account s.a | - | -8.2B |
| Sep 24 | 08:00 | Current Account n.s.a | - | -1B |
EMU economic indicators - The current account will probably have deteriorated in July by BHF−Bank
The EMU current account will probably have deteriorated in July, like the corresponding German figure and the EMU trade balance.
[ Full Story ]Top Market Movers Review
Japan BSI LARGE MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 23 | 23:50 | BSI Large Manufacturing (QoQ) | -10.0 | - | -15.1 |
Japan MOF: Big Co July−Sept Corp Mood Index Better On Qtr (Dow Jones)
Large Japanese companies are less pessimistic about the economy in the July−September quarter than they were during the previous quarter, according to a joint survey released by the Finance Ministry and the Cabinet Office Wednesday. The headline sentiment index for large firms, which measures the percentage of companies saying that economic conditions are better than they were a quarter earlier, was at minus 10.2 in the third quarter, the survey showed.
[ Full Story ]- Read the Business Outlook Survey report at Japan Ministry of Finance
- Japan big manufacturer sentiment improves in Jul−Sep (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 23 | 14:00 | US | Richmond Fed Manufacturing Index (Sep) | -18 | -15 | -16 |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Sep 21) | -41 | -41 | ||
| 23:50 | JP | BSI Large Manufacturing (QoQ) (3Q) | -10.0 | -15.1 | ||
| Sep 24 | 02:00 | NZ | Westpac Consumer Confidence (3Q) | 104.8 | 81.7 | |
| 08:00 | EMU | Current Account n.s.a (Jul) | -1B | |||
| 08:00 | EMU | Current Account s.a (Jul) | -8.2B | |||
| 08:00 | DE | IFO − Business Climate (Sep) | 94.1 | 94.8 | ||
| 08:00 | DE | IFO − Expectations (Sep) | 87.3 | 87.0 | ||
| 10:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Sep) | -46 | |||
| 11:00 | US | MBA Mortgage Applications (Sep 19) | 33.4% | |||