Wednesday, Oct 01, 07:53 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Institutional Trading Strategies: The Indicators by Andrei Pehar
- Special Coverage - Banks interventions: Trying to settle down global uncertainty 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
The Disciplined Trader: USD pairs could be signaling a trend reversal is close at hand by Pierre Charlebois
Most USD pairs are looking ripe for reversal. In particular I like the look of the USD/CAD on the 15 min chart. A triple top is in place and price is about to slip below support.
FxBootcamp: Average Daily Ranges by Wayne McDonell
FX Market Readings: Month beginning expected moves... by Dr. S. Sivaraman
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Oct 1, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Wed, Oct 1, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 1, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Oct 1, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Oct 1, 16:00 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Wed, Oct 1, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe
AUD/USD
Daily Forex Technical Report − Dollar Firm on Revived Bailout Plan Hope by ActionForex.com
AUD/USD dropped further to 0.7864 before recovering mildly. At this point, intraday bias remains on the downside and further decline is expected to retest 0.7802 low. Break will confirm that near term down trend from 0.9849 has resumed for next medium term support of 0.7675 first. On the upside, above 0.8097 will turn intraday outlook neutral first but further fall is still expected as long as 0.8275 minor resistance holds. However, above 0.8275 will argue that consolidation from 0.7802 is still in progress and should bring stronger rise to above 0.8519 before completion.
- 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:
Trading News Report − US ISM Manufacturing on Tap − Will the Dollar Give Back? by FXCM
Daily Recommended Trades − Daily technical Outlook − Wednesday 10.01.2008 by E−Forex
Daily Market Commentary − The dollar surged across the board on Tuesday by GFT (Global Forex Trading)
Market Session Recaps − Asia Session by FOREX.com
Banks' Analysis
Forex Technical Analysis − EUR/USD: (1.4117) by KBC Bank
Weekly Outlook
FX Weekly Commentary − Traders Gave Their Answer to Rescue Plan Rejection by Causing Mayhem in the Financial Markets…What ‘s Next? by FXGreece
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Forex Signals
Daily FX Forecast by S.A.F.E Team
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.4094 , below pivot level 1.4179
10/01/2008 06:52 GMT - GBP/USD
- Trades around opening price level 1.7805 , below pivot level 1.7893
10/01/2008 06:52 GMT - USD/CHF
- Trades around opening price level 1.1217 , above pivot level 1.1117
10/01/2008 06:52 GMT - USD/JPY
- Trades around opening price level 106.11 , above pivot level 105.38
10/01/2008 06:53 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 MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Oct 1 | 08:00 | Purchasing Manager Index Manufacturing | 45.3 | 47.6 |
EMU economic indicators - No PMI revisions by BHF−Bank
The turmoil in financial markets has intensified recently and is weighing on consumers and companies. We do not expect any significant revisions for the final RBS−PMI indices for September.
[ Full Story ]Top Market Movers Review
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 1 | 06:03 | Retail Sales (YoY) | -3.00% | -3.25% | 0.60% |
| Oct 1 | 06:03 | Retail Sales (MoM) | 3.1% | 0.5% | -1.0% |
DATA SNAP: German Aug Retail Sales +3.1% MM, Beat Forecasts (Dow Jones)
Retail sales in Germany in August rose more than expected, data from the Federal Statistics Office, or Destatis, showed Wednesday, as a rare bright spot in a gloomy economic picture.
[ Full Story ]- Read the Retail Sales data at German Statistics
- German retail sales, well above expectations in August (FXstreet.com)
- INSTANT VIEW 1−German retail sales rise strongly in August (Thomson Financial News)
- German retail sales rise 3.1 pct m/m in August (Thomson Financial News)
EMU economic indicators - German retail sales (August): decreasing further by BHF−Bank
Friday Notes - Retail sales: No trend reversal in sight by HVB Group
Japan TANKAN LARGE MANUFACTURING OUTLOOK
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 30 | 23:50 | Tankan Large Manufacturing Outlook | -4 | -3 | 4 |
| Sep 30 | 23:50 | Tankan Non − Manufacturing Outlook | -1 | 2 | 8 |
| Sep 30 | 23:50 | Tankan Large Manufacturing Index | -3 | -2 | 5 |
| Sep 30 | 23:50 | Tankan Non − Manufacturing Index | 1 | 5 | 10 |
| Sep 30 | 23:50 | Tankan Large All Industry Capex | - | 2.5% | 2.4% |
DATA SNAP:BOJ Sept Tankan Main DI Negative; 1st Time In 5 Yrs (Dow Jones)
Managers at large−scale Japanese companies grew more pessimistic about business conditions in September than they were three months ago, the Bank of Japan's latest tankan survey showed Wednesday. The headline diffusion index in the central bank's quarterly survey of corporate sentiment showed that conditions among large manufacturers worsened to minus 3 in September from plus 5 in the June survey.
[ Full Story ]- Read the Tankan Outline report at Bank of Japan
- INSTANT VIEW−Japan business mood negative, 1st time in 5 yrs (Thomson Financial News)
- Table Of BOJ September Tankan Survey (Dow Jones)
- TABLE−Japan tankan big manuf Sept sentiment index −3 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 1 | 06:03 | DE | Retail Sales (MoM) (Aug) | 3.1% | 0.5% | -1.0% |
| 06:03 | DE | Retail Sales (YoY) (Aug) | -3.00% | -3.25% | 0.60% |
|
| 06:30 | AU | RBA Commodity Index SDR (YoY) (Sep) | 43.3% | 47.0% |
||
| 07:30 | CH | SVME − Purchasing Managers' Index (Sep) | 47.8 | 51.0 | 52.5 | |
| 07:55 | DE | Purchasing Manager Index Manufacturing (Sep) | 48.1 | 49.7 | ||
| 08:00 | EMU | Purchasing Manager Index Manufacturing (Sep) | 45.3 | 47.6 | ||
| 08:30 | UK | Index of Services (Jul) | 0.2% | |||
| 08:30 | UK | Purchasing Manager Index Manufacturing (Sep) | 45.0 | 45.9 | ||
| 09:00 | EMU | ECB Trichet's Speech | ||||
| 09:00 | EMU | Unemployment Rate (Aug) | 7.3% | 7.3% | ||