Monday, Sep 29, 07:53 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- Special Coverage - Financial Crisis: The Bailout Plan is almost there by FXstreet.com
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International Traders Conference 2008 − October 29−31
8 experts, 3 days, 9 hours of Live Trading, 8 hours of speeches and much more!
"I will be using the very short term charts, so that we'll be seeing movement as we talk, and discussing the decisions as the market moves."
Rob Booker about Live Trading Sessions
Book your seat before it's too late... Register deadline is October 10!
- Speeches Schedule
- Speakers Panel
- Haven't you decided to go yet? − View all 2007 videos
Forex Blogs
Chartology − Guest Post: "You... Me... The "Two W's"... and Expectation" by CVJ by Raghee Horner
We are facing a historical climate in the financial sectors of our country, and after all the analysts and pundits have their say... it is clearly emerging that the Citizenry of America is having their say as well. Pick up your morning newspaper... or turn on the TV at any time of day or night...
1st on Forex − Busy Week Ahead as Crisis Compromise Awaits by Jerry Furst
The Disciplined Trader − Tentative Deal for Bailout to be Voted on Monday by Pierre Charlebois
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Sep 29, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Risk Management
Expert: Valeria Bednarik
Start: Mon, Sep 29, 12:30 GMT
Type of Session: Webinar
Topics
− How to manage your capital in order to become profitable?
− Caution trading could be worthy too
− Why waiting for stop hunting and margin calls?
| Sponsored by | ||||
| Mon, Sep 29, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Sep 29, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Sep 29, 12:30 GMT | Risk Management | Valeria Bednarik | WBN | |
| Mon, Sep 29, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.4570) Reapproaching 1.4482 (see graph) by KBC Bank
Sharp rebound above channel top but currently back below daily channel off Feb 2006 (bottom at 1.4559 today) and reapproaching 1.4482 (see graph): 1st Support area at 1.4468 (today's low? + daily projection band bottom), with next levels at 1.4438/ .4425 (last week low/ daily Medium Term Moving Average↑): tough on 1st attempts.
If wrong, next levels at 1.4374/ .4364 (50% 1.3882 to 1.4867/ daily Bollinger midline), where pause favored Resistance at 1.4562 (reaction high hourly), with next levels at 1.4600/ .4610 (daily Short Term Moving Average↓/ gap hourly), ahead of 1.4658/ .4677 (reaction highs hourly): tough on 1st attempts.
- The U.S. Dollar sits and waits for D.C. by Raghee Horner, trader and author at Raghee.com
- 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 − Monday 09.29.2008 by E−Forex
Technical Trader Closing Brief − Market Rallies After Opening Down−Gap by The Technical Trader
Daily Market Commentary − The dollar consolidated on Friday by GFT (Global Forex Trading)
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
Daily Forex Commentary − How will the Plan be received? by Jyske Bank
Weekly Outlook
FX Weekly Report − How Will the Bailout Effect USD And The Currency Markets? by www.TradingPostFinancial.com
Forex Analysts' Blog
Busy Week Ahead as Crisis Compromise Awaits by Jerry Furst, Director at Investors Education Network
Forex Signals
Spot Forex Trades − Wachovia listing a fall down? by ForexSurvivor
Currencies at a Glance
- EUR/USD
- Moves down below third support level 1.4429
09/29/2008 07:02 GMT - GBP/USD
- Moves down below third support level 1.8213
09/29/2008 07:02 GMT - USD/CHF
- Moves up above third resistant level 1.1015
09/29/2008 07:03 GMT - USD/JPY
- Trades above opening price level 106.09 , above pivot level 105.91
09/29/2008 07:03 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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 29 | 09:00 | Economic Confidence | 87.2 | 88.8 |
| Sep 29 | 09:00 | Consumer Confidence | -20 | -19 |
Friday Notes - EMU, Economic Confidence: Depressed by HVB Group
The European Commission indicator of economic confidence should decline further in September, mirroring the tumble seen in the composite PMI earlier in the week. We suspect that manufacturing will remain under significant pressure, while services activity could show signs of tentative stabilization around current depressed levels.
[ Full Story ]Top Market Movers Review
Japan RETAIL TRADE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 28 | 23:50 | Large Retailer's Sales | -2.2% | - | -0.7% |
| Sep 28 | 23:50 | Retail Trade s.a (MoM) | 0.7% | - | 0.0% |
| Sep 28 | 23:50 | Retail Trade (YoY) | 0.7% | - | 2.0% |
Japan August retail sales +0.7 pct year/year (Thomson Financial News)
Japanese retail sales rose 0.7 percent in August from a year earlier, government data showed on Monday, compared with economists' median forecast for a 0.2 percent rise.
[ Full Story ]- Read the Retail Trade report at Japan Ministry of Economy, Trade and Industry
- Japan Outlook: Retail Sales Data; BOJ Deputy Governor Speaks (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 28 | 23:50 | JP | Large Retailer's Sales (Aug) | -2.2% | -0.7% | |
| 23:50 | JP | Retail Trade (YoY) (Aug) | 0.7% | 2.0% |
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| 23:50 | JP | Retail Trade s.a (MoM) (Aug) | 0.7% | 0.0% | ||
| Sep 29 | 02:00 | NZ | M3 Money Supply (YoY) (Aug) | 7.2% | 7.6% | |
| 08:30 | UK | M4 Money Supply (MoM) (Aug) | 1.4% | 0.9% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Aug) | 11.5% | 11.2% | ||
| 08:30 | UK | M4 Sterling Lending (Aug) | £22.0B | £12.4B | ||
| 08:30 | UK | Mortgage Approvals (Aug) | 30K | 33K | ||
| 08:30 | UK | Net Consumer Credit (Aug) | £1.2B | £1.1B | ||
| 08:30 | UK | Net Lending to Individuals (Aug) | £4.0B | £4.3B | ||