Thursday, Oct 09, 07:52 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Outlook for the major currencies this week by Ian Copsey
- Special Coverage - Global 50bp rate cut by FXstreet.com
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Forex Blogs
FX Market Readings: Is it reversals in Commodity pairs? by Dr. S. Sivaraman
AUD has gained from the new low they set yesterday and and USD/CAD has rised to reach parity with USD/CHF.Are these moves the start of the reversals in them?….If we consider that the players make sequential reversals, then true.
1st on Forex: Unprecdented Times − I'm Going to Disney World! by Jerry Furst
Live Sessions Schedule
Trading and Identifying Volatility in the Forex
Expert: John Jagerson
Start: Thu, Oct 9, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Thu, Oct 9, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 9, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Oct 9, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Thu, Oct 9, 12:30 GMT | Trading and Identifying Volatility in the Forex | John Jagerson | WBN | |
| Thu, Oct 9, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The resistance at 1.3740/50 is still on focus by E−Forex
The resistance at 1.3740/50 is still on focus after two failed tests and a potential break may extend gains towards the 1.39 mark within the next trading sessions. Intraday studies are bullish at the time of this writing but the dailies remain highly bearish. Support starts at 1.3640 backed by 1.3550 and 1.3500. Resistance follows 1.3750 at 1.3800 and 1.3900. Current quote is 1.3695 @06:40 GMT
- New rates aroudn the world by Valeria Bednarik, analyst and foreign manager at MolFX − Management
- 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:
Forex Market Outlook on Majors − Forex Market Outlook on Majors by AceTrader
Currency Majors Technical Analysis − 1,3645. EUR USD is in an downtrend directed by 4H exponential moving averages by Mataf.net
USD/JPY Daily Outlook − USD/JPY Daily Outlook by AceTrader
Monthly Performance
Today's Technical Trading Points − Performance September 2008 by Danske Bank A/S
Bank's Analysis
Today's Technical Trading Points by Danske Bank A/S
Analysts' Blogs
The EUR Outlook by Ross Yamashita,of Pro Pipper Trading
Forex Signals
Recent Recommended Trades by AceTrader
Currencies at a Glance
- EUR/USD
- Continues to trade below first resistant level 1.3727
10/08/2008 15:51 GMT - GBP/USD
- Continues to move down below first support level 1.7295
10/08/2008 15:52 GMT - USD/CHF
- Moves down below second support level 1.1285
10/08/2008 15:52 GMT - USD/JPY
- Trades around second support level 99.73
10/08/2008 15:53 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
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 9 | 14:00 | Wholesale Inventories | 0.4% | 1.4% |
US economic indicators - We expect wholesale inventories to have increased by 0.4% mom by BHF−Bank
Wholesale inventories increased sharply by 1.4% mom in July, particularly due to motor vehicles which were produced after the strike activities ended. However, we expect wholesale inventories to have increased by 0.4% mom only in August, as energy prices dropped significantly.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 06:00 | Trade Balance | 10.6 | 12.0B | 13.9B |
DATA SNAP: German Aug Trade Surplus EUR10.6B Vs EUR13.8B (Dow Jones)
Germany's trade surplus narrowed again to EUR10.6 billion in August from EUR13.8 billion in July and is 2.5% below the surplus of a year ago, data from the Federal Statistics Office showed Thursday.
[ Full Story ]- Read the Trade Balance data at German Statistics
- INSTANT VIEW 1− German trade surplus widens in August (Thomson Financial News)
- TABLE−German Aug trade surplus widens to 13.1 bln euros (Thomson Financial News)
- German Trade Surplus decreases to 10.6 B in Aug from 13.9B in Jul (FXstreet.com)
EMU economic indicators - The German trade balance might have rebounded somewhat by BHF−Bank
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 00:30 | Unemployment Rate | 4.3% | 4.3% | 4.1% |
| Oct 9 | 00:30 | Employment Change | 2.2K | 0.0K | 14.6K |
DATA SNAP: Australian Sep Unemployment Rate 4.3% (Dow Jones)
Australia's unemployment rate rose to an as−expected seasonally adjusted 4.3% in September from a revised 4.1% in August. The number of employed rose 2,200, the Australian Bureau of Statistics said Thursday. Economists on average had expected an unemployment rate of 4.3% in September, with the number of employed unchanged.
[ Full Story ]- Read the Labour Force report at Australian Bureau of Statistics
- Australia employment rises by 2,200 in September (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 9 | 00:00 | G7 Meeting | ||||
| 03:00 | TW | BoT Interest Rate Decision | 3.25% | 3.50% | ||
| 06:00 | JP | Machine Tool Orders (YoY) (Sep) | -4.8% | -13.9% | ||
| 06:00 | DE | Trade Balance (Aug) | 10.6 | 12.0B | 13.9B | |
| 08:00 | EMU | ECB Monthly Report (Oct) | ||||
| 08:00 | UK | Halifax House Prices (MoM) (Sep) | -1.8% | |||
| 08:00 | UK | Halifax House Prices (YoY) (Sep) | -10.9% | |||
| 08:30 | UK | Goods Trade Balance (Aug) | -£7.6B | -£7.7B | ||
| 08:30 | UK | Total Trade Balance (Aug) | -4.45B | -4.60B | ||
| 12:30 | US | Continuing Jobless Claims (Sep 27) | 3591K | |||