Friday, Oct 10, 07:54 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Outlook for the major currencies this week by Ian Copsey
- CAG: Integrated market info and technical studies of top 31 currency pairs
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Forex Blogs
FX Market Readings: week end moves by Dr. S. Sivaraman
There is low liquidity prevail in the market leading to huge drops and big moves. As explained earlier less drop in EURO and more drop in GBP are seen for beginning of the (week end) day.
FxBootcamp: Forex Video | News Trade Alert | October 10, 2008 by Wayne McDonell
Live Sessions Schedule
Advanced APF Methods To Determine The Price Momentum
Expert: Sunil Mangwani
Start: Fri, Oct 10, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Oct 10, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 10, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN | |
| Fri, Oct 10, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Fri, Oct 10, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Fri, Oct 10, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
Current Session: Europe
AUDUSD
Daily Recommended Trades − Resistance emerges at .6800 and may limit the upside by E−Forex
Resistance emerges at .6800 and may limit the upside on potential pullbacks, while support starts at 0.6530 being followed by .6430 lower. Both intraday and daily studies are bearish. The pair continues to trade on large ranges, the average trading range for the last 5 days being 470 points. Current quote is .6632 @06:45 GMT.
- Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com − 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 Minors/Crosses − Forex Market Outlook on Minors/Crosses by AceTrader
Currency Majors Technical Analysis − Currency Majors Technical Analysis by Mataf.net
Daily Forex and Dow Jones Recommended Levels − Fxtechtrade by FXtechtrade
USD/JPY Daily Outlook − USD/JPY Daily Outlook by AceTrader
Banks' Analysis
Forex Technical Analysis − EUR/USD: (1.3523) Back in channel off 1.4867 by KBC Bank
Weekly Outlook
Weekly Forex Focus by Trading Central
Analysts' Blogs
PRE LONDON OUTLOOK OCTOBER 10TH 2008 by Wayne McDonell, FxBootcamp.com
Forex Signals
Daily FX Forecast by S.A.F.E. Ltd
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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 10 | 12:30 | Trade Balance | -$59.3B | -$62.2B |
US economic indicators - Trade balance (August): narrower deficit due to oil price correction by BHF−Bank
The total trade deficit rose from –$58.8bn to –$62.2bn in July, but this was an oil−related surge, because the deficit ex petroleum fell to the lowest level since the beginning of 2001. Given the drop in import prices by 3.7% mom, we forecast that the trade deficit will have fallen sharply to about –$58.5bn in August.
[ Full Story ]Top Market Movers Review
Japan BOJ MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 23:50 | BoJ Minutes | - | - | - |
BOJ board warns of slower grwoth return − minutes (Thomson Financial News)
The timing for a recovery in Japan's growth may be delayed, some Bank of Japan board members said at the central bank's Sept. 16−17 policy meeting, minutes released on Friday showed. One member said at the scheduled meeting there was a need to watch how the failure of U.S. investment banks and the global market turmoil could affect the lending attitude of Japanese banks.
[ Full Story ]- Read the Minutes of the Monetary Policy Meetings at Bank of Japan
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 9 | 23:50 | JP | BoJ Minutes (Sep 17) | |||
| Oct 10 | 05:00 | IN | RBI Interest Rate Decision | 7.5% | 8.5% | |
| 05:45 | CH | Unemployment Rate (Sep) | 2.4% | 2.4% | 2.4% | |
| 05:45 | CH | Unemployment Rate s.a. (Sep) | 2.6% | 2.5% | 2.5% | |
| 11:00 | CA | Net Change in Employment (Sep) | 12.5K | 15.2K | ||
| 11:00 | CA | Unemployment Rate (Sep) | 6.2% | 6.1% | ||
| 12:30 | US | Import Price Index (MoM) (Sep) | -2.5% | -3.7% | ||
| 12:30 | US | Import Price Index (YoY) (Sep) | 16% | |||
| 12:30 | CA | International Merchandise Trade (Aug) | $4.7B | $4.9B | ||
| 12:30 | CA | New Housing Price Index (YoY) (Aug) | 0.0% | 2.7% | ||