Monday, Oct 20, 07:40 GMT
EUROPEAN Trading Newsletter
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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 beginning expected moves... by Dr. S. Sivaraman
EURO and GBP are expected to make volatile moves and firm up for week beginning. Early Japanese session a rise and then slide towards close of late Japanese session and then a dip and rise from Early European session and quick rise during late European session are the expected moves.
FxBootcamp: Pre London Outlook October 20th 2008 by Wayne McDonell
Forex Trading Today: Greetings and Welcome! by Tim Salem
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Oct 20, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, Oct 20, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 20, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Oct 20, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Oct 20, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Mon, Oct 20, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
USD/JPY
Daily Technical Analysis − Consolidating in a sort of ‘triangle' consolidation formation by Mizuho Corporate Bank
Consolidating in a sort of ‘triangle' consolidation formation; admittedly a big one. Expect prices to try and hols above October's low at 97.91 this week and possibly until the end of the month. Later this quarter we favour a re−test of March's low at 95.77. Prices should probably top somewhere between 103.00 and 104.50.
Strategy: Possibly attempt small shorts at 102.25 but only if prepared to add to 103.00; stop above 104.50. First target 100.00, then 98.00.
- From Mickey Mouse to the Federal Reserve by Jerry Furst, Director at Investors Education Network
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
EUR/USD Daily Outlook − EUR/USD Daily Outlook by AceTrader
USD/JPY Daily Outlook − USD/JPY Daily Outlook by AceTrader
Daily Forex and Dow Jones Recommended Levels − Fxtechtrade by FXtechtrade
Weekly Outlook
FXA Column − $/yen, more ranging but eventual new lows.... by FXA
Analysts' Blogs
Week beginning expected moves… by Dr. S. Sivaraman, of i−knowindices.com
Pre London Outlook October 20th 2008 by Wayne McDonell, FxBootcamp.com
Forex Signals
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Moves upwards with low volatility aiming for resistance at 1.3538. Intra-day support is seen at 1.3385.
10/20/2008 06:32 GMT - GBP/USD
- Moves upwards with high volatility. Support is seen at 1.7350 while resistance is seen at 1.7635.
10/20/2008 06:34 GMT - USD/CHF
- Continues to move sideways with low volatility. Support is seen at 1.1288 while intra resistance is seen at 1.1395
10/20/2008 06:34 GMT - USD/JPY
- Rises with moderate volatility after hitting support at 100.56. Intraday resistance is seen at 103.00.
10/20/2008 06:37 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
US LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 20 | 14:00 | Leading Indicators (MoM) | -0.2% | -0.5% |
Friday Notes - More weakness ahead for US economy by HVB Group
September data for seven of the ten components are out. Five show declines, some steep, such as stock prices and initial claims for unemployment compensation. Only consumer expectations (U of Michigan version) and the ISM vendor deliveries index showed improvement.
[ Full Story ]Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 20 | 06:00 | Producer Price Index (MoM) | 0.3% | - | -0.6% |
| Oct 20 | 06:00 | Producer Price Index (YoY) | 8.3% | - | 8.1% |
UPDATE: German Sep Producer Prices Higher Than Expected (Dow Jones)
German factory gate prices were higher than expected in September, indicating that earlier sharp price increases for oil and other raw materials continue to drive up production costs, data from the Federal Statistics Office showed Monday.
[ Full Story ]- Read the PPI data at German Statistics
- DATA SNAP: German Sep Producer Prices Higher Than Expected (Dow Jones)
- German PPI grows 8.3%on the year in September (FXstreet.com)
- Germany Producer Price Index increase to 0.3% in Sep; 8.3% up year on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 20 | 05:00 | JP | Coincident Index (Aug) | 100.6% | 103.5% | |
| 05:00 | JP | Leading Economic Index (Aug) | 89.0 | 91.4 | ||
| 06:00 | DE | Producer Price Index (MoM) (Sep) | 0.3% | -0.6% | ||
| 06:00 | DE | Producer Price Index (YoY) (Sep) | 8.3% | 8.1% | ||
| 08:30 | UK | M4 Money Supply (MoM) (Sep)  | 0.9% | 1.4% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Sep) | 11.3% | 11.5% | ||
| 08:30 | UK | M4 Sterling Lending (Sep) | £22.5B | |||
| 08:30 | UK | Public Sector Net Borrowing (Sep) | £6.6B | £10.4B | ||
| 12:30 | CA | Canadian Investment in Foreign Securities (Aug) | -$1.274B | |||
| 12:30 | CA | Foreign investment in Canadian securities (Aug) | -$5.59B | |||