Wednesday, Oct 22, 07:44 GMT
EUROPEAN Trading Newsletter
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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.
DISCOVER THE NEW CAG
Forex Blogs
Forex Trading Today: Avoiding the Video Game Temptress by Tim Salem
The "Principle" in today's post is inspired by another friend and Mentor, Derek Frey.
I finally had a chance to meet Derek in person after a few years in the Webinar Rooms when he was visiting Phoenix last January.
FX Market Readings: Massive drop for start of the day by Dr. S. Sivaraman
FxBootcamp: Pre London Outlook October 22nd 2008 by Wayne McDonell
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Oct 22, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Oct 22, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 22, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Oct 22, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Oct 22, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Oct 22, 13:00 GMT | Main Fundamental theme in the Currency market | Terri Belkas | WBN |  |
Current Session: Europe
EUR/USD
Currency Majors Technical Analysis − EUR USD is in an downtrend directed by 1H exponential moving averages by Mataf.net
1,2858. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum.
From Mickey Mouse to the Federal Reserve 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:
USD/JPY Daily Outlook − USD/JPY Daily Outlook by AceTrader
Trading News Report − New Zealand Dollar: RBNZ Rate Decision on Tap − Will Governor Bollard Deliver a 100bp Rate Cut? by FXCM
Pairs to Range Trade − A Clear Range May Not Last Long For EURCAD by FXCM
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
Forex Trading Strategies − GBP collapsing on King comments by Saxo Bank
Weekly Outlook
Weekly Technical Commentary by Mizuho Corporate Bank
Forex Signals
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Bounces back at 1.3152. MAs are still declining. Resistance is seen at 1.3360.
10/21/2008 15:16 GMT - GBP/USD
- Bounces back gradually. Immediate support is seen at 1.6202, while intra resistance is seen at 1.6520.
10/22/2008 06:49 GMT - USD/CHF
- Continues to move upward with low volatility. Support is seen at 1.1550 while resistance is at 1.1696.
10/22/2008 06:51 GMT - USD/JPY
- Declines gradually with low volatility. Support is seen at 99.42 while intraday resistance is seen at 100.50.
10/22/2008 06:59 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 CURRENT ACCOUNT N.S.A
| Date (GMT) | Event | Cons. | Previous | |
| Oct 23 | 08:00 | Current Account s.a | -5.0B | -1.7 |
| Oct 23 | 08:00 | Current Account n.s.a | - | -1.1 |
EMU economic indicators - The EMU current account will probably have deteriorated in August by BHF−Bank
The EMU current account will probably have deteriorated in August, like the corresponding German figure and the EMU trade balance.
[ Full Story ]Top Market Movers Review
Australia CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 22 | 00:30 | Consumer Price Index (QoQ) | 1.2% | 1.0% | 1.5% |
DATA SNAP: Australian CPI Slowing Down (Dow Jones)
Australia's consumer price index rose 1.2% in the third quarter of 2008 from the second quarter and rose 5.0% from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists on average had expected that the CPI rose 1.0% from the previous quarter and rose 4.9% from a year earlier. In the second quarter, the CPI rose 1.5% on quarter and 4.5% on year.
[ Full Story ]- Read the CPI at Australian Bureau of Statistics
- 2nd UPDATE: Australia's High 3Q CPI Won't Derail RBA Cuts (Dow Jones)
- UPDATE 1−Australia core inflation jumps to 17−yr peak (Thomson Financial News)
- UPDATE: Australia's High 3Q CPI Won't Derail RBA Cuts (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 21 | 23:30 | US | Treasury Secretary Paulson speaks | |||
| 23:50 | JP | All Industry Activity Index (MoM) (Aug) | -1.8% | -1.7% | 0.8% | |
| Oct 22 | 00:30 | AU | Consumer Price Index (QoQ) (3Q) | 1.2% | 1.0% | 1.5% |
| 00:30 | AU | Consumer Price Index (YoY) (3Q) | 5.0% | 4.5% | ||
| 08:30 | UK | Bank of England Minutes | ||||
| 11:00 | US | MBA Mortgage Applications (Oct 17) | 5.1% | |||
| 12:30 | CA | Leading Indicators (MoM) (Sep) | 0.1% | 0.2% | ||
| 12:30 | CA | Retail Sales (MoM) (Aug) | -0.2% | 0.1% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Aug) | 0.5% | 0.4% | ||
| 14:30 | US | EIA Crude Oil Stocks change (Oct 17) | 8.1M | |||