Friday, Oct 17, 07:35 GMT
EUROPEAN Trading Newsletter
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- Webinar Videos: Conventional Chart Patterns and Forex by Sam Seiden
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Check out the new CAG!
The currencies revolution arrives at FXstreet.com
New Currencies at a Glance with all the technical studies you need for your trading plan. Review the market info of the top 31 currency pairs including the hottest pairs of the past week: EUR/USD, GBP/USD, USD/JPY and EUR/CHF.
Moreover data such as live market quotes, forecast, analysts comments, breaking stories and Economic Calendar can be extremely efficient tools for your trading plan.
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Forex Blogs
FX Market Readings: Week end expected moves by Dr. S. Sivaraman
Players made the higher level swings for two days during this week beginning and for another two days lower level swings for those who bought at higher levels during rise to sell nervously, and for week end they intend to slowly swing and rise.
FxBootcamp: Currency Correlations by Wayne McDonell
Chartology: Another look at the cable by Raghee Horner
Live Sessions Schedule
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Fri, Oct 17, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Oct 17, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 17, 09:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Fri, Oct 17, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Oct 17, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Fri, Oct 17, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
Current Session: Europe
GBP/USD
Currency Majors Technical Analysis − 1,7317. There is an horizontal range between 1,7140 and 1,7390 by Mataf.net
1,7317. There is an horizontal range between 1,7140 and 1,7390. Support and resistance are given by Bollinger bands. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. If the support is broken then the target will be 1,6900 (417 pips).
We are waiting for a break of the support to take a short position.
- Sneak preview of the Live Technical Analysis Workshop in Barcelona, Spain Sunil Mangwani, CEO at FibForex123.
- 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
Pairs to Range Trade − USDCHF A Good Range Trade In Recent High Volatility Conditions by FXCM
Banks' Analysis
Forex Technical Analysis − EUR/USD: (1.3492) Back in channel off 1.4867 by KBC Bank
Weekly Outlook
Trading News Report − U. of Michigan Consumer Confidence Expected to Fall − Will It Drag on the Dollar? by FXCM
Analysts' Blogs
Pre London Outlook October 17th 2008 by Wayne McDonell, FxBootcamp.com
Forex Signals
Forex Market Outlook on Minors/Crosses − Forex Market Outlook on Minors/Crosses by AceTrader
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Moves up with low volatility, aiming for Intra resistance at 1.3538. Intra support is seen at 1.3344.
10/17/2008 06:34 GMT - GBP/USD
- Moves sideways with moderate volatility. Support is seen at 1.7274 while resistance is seen at 1.7373
10/17/2008 06:53 GMT - USD/CHF
- Tradesabove support level at 1.1319. MAs are moving sideways. Immediate resistance is seen at 1.1395
10/17/2008 06:46 GMT - USD/JPY
- Declines gradually with low volatility . Immediate resistance is seen at 101.84 while support is seen at 100.76
10/17/2008 06:51 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Danske Bank A/S, FXstreet.com, GFT (Global Forex Trading)
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Oct 17 | 09:00 | Trade Balance n.s.a. | - | -€2.3 |
| Oct 17 | 09:00 | Trade Balance s.a. | - | -€6.4B |
EMU economic indicators - Likely to have worsened by BHF−Bank
EMU industrial production has probably increased significantly in August, just like most of the corresponding national figures. The EMU trade balance is likely to have deteriorated in August, similar to the corresponding German figure.
[ Full Story ]Top Market Movers Review
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 16 | 17:00 | NAHB Housing Market Index | 14 | 17 | 18 |
NAHB: US Home Builders Confidence Drops in October (Dow Jones)
Home builders' bad mood darkened in October, with financial market turmoil sending their confidence down further. The National Association of Home Builders released results Thursday of a monthly survey of builders' thoughts on market prospects. Its latest, October index for sales of new, single−family homes tumbled to 14 from a downwardly revised 17 in September. Originally, NAHB gave a September reading of 18.
[ Full Story ]- Read the Housing Market Index report at NAHB website
US economic indicators - NAHB index of homebuilding activities improved by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 16 | 14:00 | US | Philadelphia Fed Manufacturing Survey (Oct) | -37.5 | -9.4 | 3.8 |
| 17:00 | US | NAHB Housing Market Index (Oct) | 14 | 17 | 18 | |
| 23:50 | JP | Tertiary Industry Index (MoM) (Sep) | -1.4% | -0.8% | 1.2% | |
| Oct 17 | 01:30 | AU | Import Price Index (QoQ) (2Q) | 5.0% | 1.4% | |
| 09:00 | EMU | Trade Balance n.s.a. (Aug) | -€2.3 | |||
| 09:00 | EMU | Trade Balance s.a. (Aug) | -€6.4B | |||
| 12:30 | US | Building Permits (MoM) (Sep) | 0.840M | 0.854M | ||
| 12:30 | US | Housing Starts (YoY) (Sep) | 0.878M | 0.895M | ||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Oct)  | 67.0 | 70.3 | ||
| Oct 19 | 23:01 | UK | Rightmove House Price Index (MoM) (Oct) | -1% | ||