Tuesday, Sep 30, 08:16 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- Special Coverage - Financial Crisis: Bailout Plan stopped for now 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
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- Speeches Schedule
- Speakers Panel
- Haven't you decided to go yet? − View all 2007 videos
Forex Blogs
1st on Forex: PLAN DENIED − POLITICS REIGNS − ACCUSATIONS FLY by Jerry Furst
The drama just got turned up a notch, as the US House voted 228 against vs. 205 for approval of the $700 Billion crisis. Stocks initially cratered over 700 points with more floor traders in the NYSE than has been seen in years.
FX Market Readings: Month end expected moves by Dr. S. Sivaraman
FX Path: Dollar Erases Gains on Monday Late NY Session by James Chen
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Sep 30, 08:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Tue, Sep 30, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 30, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Sep 30, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Sep 30, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Tue, Sep 30, 12:30 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The Euro is again under pressure, leaving the 1.45 zone behind by E−Forex
The Euro is again under pressure, leaving the 1.45 zone behind. Support is seen at 1.4300 backed by 1.4260 and 1.4160. Resistance starts at 1.4430 followed by 1.4500 and 1.4615. Daily momentum is losing strength and may turn bearish soon if the pair Euro continues to weaken and fall below 1.4260. The hourly studies are bearish at the time of this writing. Current quote is 1.4365 @06:30 GMT
- Plan denied − Politics reign − Accusations Fly by Jerry Furst, Director at Investors Education Network
- 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 − Historic Sell−Off! by The Technical Trader
Market Session Recaps − Asia Session by FOREX.com
Daily Market Commentary − The appetite for risk imploded on Monday by GFT (Global Forex Trading)
Currency Majors Technical Analysis by Mataf.net
Banks' Analysis
Start the Day − US $700B rescue package rejected by politicians by Mizuho Corporate Bank
Forex Technical Analysis − EUR/USD: (1.4364) by KBC Bank
Forex Analysts' Blog
With the failure of the bailout plan the JPY charts should plumet by Pierre Charlebois, Senior Trading Coach at www.TradingPostFinancial.com
Forex Signals
Recent Recommended Trades by AceTrader
Currencies at a Glance
- EUR/USD
- Trades above 1.4400 , below third support level 1.4429
09/30/2008 07:20 GMT - GBP/USD
- Trades below 1.8050 , below third support level 1.8213
09/30/2008 07:24 GMT - USD/CHF
- Moves sideways above MAs. Support is seen at 1.0830
09/30/2008 07:34 GMT - USD/JPY
- Moves up above 104.00 level . MAs are still falling gradually
09/30/2008 07:41 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 PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Sep 30 | 09:00 | Consumer Price Index (YoY) | 3.6% | 3.8% |
EMU economic indicators - EMU inflation (September) flash estimate: decline to 3.7 % yoy by BHF−Bank
The Eurostat flash estimate is likely to show that euro area inflation has decreased to 3.7% yoy in September. This would correspond with a monthly rate of 0.2% in unadjusted terms.
[ Full Story ]Top Market Movers Review
Germany ILO UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 30 | 06:00 | ILO Unemployment Rate | 7.2% | - | 7.3% |
German labour market continues in good shape (FXstreet.com)
Unemployment has continued declining in Germany in August and at a larger than expected extent, according to the latest labour force survey published by German Statistics.
[ Full Story ]- Read the ILO Employment data at German Statistics
- German Sep Adj Jobless Fell More Than Expected −Spokesman (Dow Jones)
- TABLE−German Aug adj. numbers in work +42,000 m/m (Thomson Financial News)
- Germany ILO Unemployment Rate falls to 7.2% in Aug on a 42 K increase in employment (FXstreet.com)
Australia RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 30 | 01:30 | Retail Sales (MoM) | 0.3% | 0.1% | 0.1% |
DATA SNAP: Australia Aug Trend Retail Sales Rise 0.3% Vs Jul (Dow Jones)
Australian retail sales rose a higher−than−expected 0.3% in trend terms to A$18.38 billion in August from A$18.32 billion in July and rose from A$17.81 billion a year earlier, the Australian Bureau of Statistics said Tuesday. Economists surveyed ahead of the announcement on average had expected a 0.1% rise in sales for August.
[ Full Story ]- Read the Retail Trade Trends report at Australian Bureau of Statistics
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 29 | 23:50 | Industrial Production (YoY) | -6.9% | -6.3% | 2.4% |
| Sep 29 | 23:50 | Industrial Production (MoM) | -3.5% | -2.4% | 1.3% |
Japan Aug industrial output −3.5 pct mth/mth (Thomson Financial News)
Japan's industrial output fell 3.5 percent in August from a month earlier, below a median market forecast of a 2.9 percent decline, government data showed on Tuesday. Manufacturers' output, the core component of production, is expected to rise 1.6 percent in September but to decline 0.1 percent in October, data from the Ministry of Economy, Trade and Industry showed.
[ Full Story ]- Read the Industrial Production report at Japan Ministry of Economy, Trade and Industry
- TABLE−Japan Aug industrial output −3.5 pct mth/mth (Thomson Financial News)
- Japan Aug Indus Output −3.5% On Mo; Mkt Expected −3.0% (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 30 | 07:55 | DE | Unemployment Change (Sep) | -29K | -18K | -39K |
| 07:55 | DE | Unemployment Rate s.a. (Sep) | 7.6% | 7.6% | 7.7% |
|
| 08:00 | CH | UBS Consumption Indicator (Aug) | 1.848 | |||
| 08:04 | DE | Retail Sales (YoY) (Aug) | -3.25% | 0.00% | ||
| 08:30 | UK | Current Account (2Q) | -£10.1B | -£8.4B | ||
| 08:30 | UK | Gross Domestic Product (QoQ) (2Q) | 0% | 0% | ||
| 08:30 | UK | Gross Domestic Product (YoY) (2Q) | 1.4% | 1.4% | ||
| 08:30 | UK | Total Business Investment (QoQ) (2Q) | -1.9% | -1.8% | ||
| 08:30 | UK | Total Business Investment (YoY) (2Q) | 1.9% | 4.5% | ||
| 09:00 | EMU | Consumer Price Index (YoY) (Sep)  | 3.6% | 3.8% | ||