Thursday, Sep 25, 07:17 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
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Forex Blogs
FX Path: The Self−Fulfilling Prophecy by James Chen
A quick note about the important role of the "self−fulfilling prophecy" in forex trading and technical analysis. One of the key reasons that many aspects of technical analysis, especially such important concepts as support and resistance, often seem to work remarkably well has to do with this phenomenon.
FX Path: EUR/USD Update − Pullback Before Possible Upside Break? by James Chen
Trade Setups: Forex Video | Set ups 24 Sept ‘08 | Analysis by Phil Newton
Live Sessions Schedule
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Sep 25, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Sep 25, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 25, 10:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN |  |
| Thu, Sep 25, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Thu, Sep 25, 13:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Thu, Sep 25, 14:00 GMT | Combining Multiple Time Frames to Pin−Point Low Risk / High Reward Opportunity in Forex | Sam Seiden | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − Daily Technical Outlook − Thursday 09.25.2008 by E−Forex Team
The Euro dipped as low as 1.4603 on yesterday, before pushing above the 1.47 mark to 1.4730 overnight. Intraday resistance is seen at 1.4740/50 followed by 1.4800 and 1.4860. Current gains may extend towards the 1.4860 region during the upcoming sessions as the upside remains favored for now. On the downside, support starts at 1.4690 backed by 1.4600/20 and 1.4540/50. The hourly studies are bullish at the time of this writing. Current quote is 1.4729 @06:27 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:
FX Technical Strategy − Dollar slide is crude by Lloyds TSB Financial Markets
Daily Market Commentary − The dollar cannot do much more than consolidate by GFT (Global Forex Trading)
Market Session Recaps − Asia Session by FOREX.com
Banks' Analysis
Forex Technical Analysis − EUR/USD: (1.4720) Sharp rebound above channel top off 1.5944 by KBC Bank
Weekly Outlook
Weekly Forex Focus by Trading Central
Forex Analysts' Blog
Subdued moves by Dr. S. Sivaraman, of i−knowindices.com
Forex Signals
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Moves up towards second resistant level 1.4794
09/25/2008 06:58 GMT - GBP/USD
- Moves up towards second resistant level 1.8658
09/25/2008 06:58 GMT - USD/CHF
- Moves down towards second support level 1.0764
09/25/2008 06:59 GMT - USD/JPY
- Moves down below first support level 105.52
09/25/2008 07:00 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 M3
| Date (GMT) | Event | Cons. | Previous | |
| Sep 25 | 08:00 | M3 (YoY) | 9.0% | 9.3% |
EMU economic indicators - M3 growth (July): slowed to 9% yoy by BHF−Bank
In view of high short−term interest rates increasing economic uncertainty, flows into time deposits are expected to have remained strong in August. However, other components of M3 (e.g. overnight and saving deposits, money market funds) are increasing only moderately, if at all. M3 growth is therefore likely to have slowed further, to about 9.0% yoy in August, down from 9.3 % in July.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 25 | 06:10 | Gfk Consumer Confidence Survey | 1.8 | 1.3 | 1.6 |
German GfK Oct Consumer Sentiment 1.8 Vs 1.6 Sep − Reuters (Dow Jones)
German market research group GfK's forward−looking consumer climate index edged higher to 1.8 points in October from an upwardly revised 1.6 points in September, Reuters news agency said Thursday.
[ Full Story ]- Read the Confidence Survey at Gfk Group
- German GfK consumer confidence rises against expectations in October (FXstreet.com)
- German consumer morale unexpectedly rises − GfK (Thomson Financial News)
- UPDATE: Falling Oil Price Helps German Consumer Sentiment (Dow Jones)
Japan MERCHANDISE TRADE BALANCE TOTAL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 24 | 23:50 | Merchandise Trade Balance Total | -¥324.0B | -¥290.0B | ¥91.1B |
| Sep 24 | 23:50 | Adjusted Merchandise Trade Balance | -¥113.3B | ¥112.5B | ¥172.4B |
Japan logs trade deficit of 324.0 bln yen in Aug (Thomson Financial News)
Japan logged a trade deficit of 324.0 billion yen ($3.06 billion) in August, Ministry of Finance data showed on Thursday. That compared with economists' median forecast of a trade deficit of 400 billion yen.
[ Full Story ]- Read the Trade Statistics report at Japan Ministry of Finance
- INSTANT VIEW−Japan Aug trade balance slips into deficit (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 24 | 23:50 | JP | Adjusted Merchandise Trade Balance (Aug) | ¥-113.3B | ¥112.5B | ¥172.4B |
| 23:50 | JP | Corporate Service Price (YoY) (Aug) | 1.4% | 1.2% | 1.3% | |
| 23:50 | JP | Merchandise Trade Balance Total (Aug) | ¥-324.0B | -¥290.0B | ¥91.1B | |
| Sep 25 | 06:10 | DE | Gfk Consumer Confidence Survey (Oct) | 1.8 | 1.3 | 1.6 |
| 08:00 | EMU | M3 (YoY) (Aug) | 9.0% | 9.3% | ||
| 12:30 | US | Continuing Jobless Claims (Sep 13) | 3478K | |||
| 12:30 | US | Durable Goods Orders (Aug) | -1.5% | 1.3% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Aug) | -0.4% | 0.7% | ||
| 12:30 | US | Initial Jobless Claims (Sep 20) | 455K | |||
| 14:00 | US | New Home Sales (Aug) | 510K | 515K | ||