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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: Interventions and You by Tim Salem
Today's post is really inspired by everyone! To be more specific…everyone OUTSIDE of the markets. You know who I'm talking about…don't try to hide it from me! I'm speaking of your neighbor. Your cousin who lives overseas. Your checkout clerk at the grocery store.
Chartology: Crude Oil Below $70 by Raghee Horner
FxBootcamp: Pre London Outlook October 23rd 2008 by Wayne McDonell
Live Sessions Schedule
MONTHLY WEBINAR − Part 1: Learning to Read Price Action
Expert: Chris Capre
Start: Thu, Oct 23, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 23, 14:00 GMT | MONTHLY WEBINAR − Part 1: Learning to Read Price Action | Chris Capre | WBN |  |
| Thu, Oct 23, 15:45 GMT | MONTHLY WEBINAR − Part 2: Applying filters to determine the best trade strategies and setups  | Chris Capre | WBN | |
| Fri, Oct 24, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Oct 24, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.2775) New reaction low below channel off 1.4867 by KBC Bank
Drop from 1.4867 sent the pair the pair spiralling lower, below the channel off 1.4867 and appraoched daily Bollinger bottom (1.2709): Support area at 1.2730/ .2709 (today's low + new reaction low?/ see infra + Equality C wave off 1.4867 + daily Starc bottom), where pause favored.
If wrong on that call, risk towards 1.2678/ .2662 (76.4% 2005 low to 1.6040/ daily envelope bottom), ahead of 1.2604 (see below) and 1.2548 (5th wave projection daily charts): tough on 1st attempts, amid oversold readings.
Dow Theory principles 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
Trading News Report - U.K. Retail Sales on Tap - Will the British Pound Fall Further? by FXCM
Technical Trader Closing Brief - Nasty Session! by The Technical Trader
The Beast by Alaron
Currency Majors Technical Analysis by Mataf.net
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
Daily U.S. Forex Summary - The US dollar jumped to a two-year high against the euro by Union Bank of California
Weekly Outlook
Weekly Forex Focus by Trading Central
Forex Signals
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Moves upward with low volatility. Support is seen at 1.2724 while resistance is seen at 1.2946.
10/23/2008 06:38 GMT - GBP/USD
- Bounces slightly from support at 1.6134. MAs are still declining.
10/23/2008 06:46 GMT - USD/CHF
- Moves sideways with moderate volatility. Support is seen at 1.1582 while resistance is at 1.1715.
10/23/2008 06:47 GMT - USD/JPY
- Bounces slightly from support at 96.82 with low volatility. Intraday resistance is seen at 99.34.
10/23/2008 06:49 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
New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 22 | 20:00 | RBNZ Interest Rate Decision | 6.5% | 6.5% | 7.5% |
INSTANT VIEW 3−NZ central bank cuts rates to 6.5 pct (Thomson Financial News)
New Zealand's central bank slashed interest rates by a record one percentage point to 6.5 percent on Thursday, and said it was likely to lower them further amid slowing growth and financial market turmoil. It was the third time the bank had cut interest rates after reductions in July and September totalling 75 basis points.
[ Full Story ]- Read the Interest Rate at Reserve Bank of New Zealand
- NZ dollar pressured by risk aversion; debt softer (Thomson Financial News)
- UPDATE 2−NZ cenbank delivers record rate cut, more to come (Thomson Financial News)
- NZ dlr soft, debt mixed as RBNZ slashes rates (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 22 | 20:00 | NZ | RBNZ Interest Rate Decision | 6.5% | 6.5% | 7.5% |
| 23:50 | JP | Adjusted Merchandise Trade Balance (Sep) | ¥33.0B | ¥114.0B | -¥113.3B | |
| 23:50 | JP | Merchandise Trade Balance Total (Sep) | ¥95.1 | -¥324.0B | ||
| Oct 23 | 07:19 | US | Treasury Secretary Paulson speech | |||
| 08:00 | EMU | Current Account n.s.a (Aug) | -1.1 | |||
| 08:00 | EMU | Current Account s.a (Aug) | -5.0B | -1.7 | ||
| 08:30 | UK | BBA Mortgage Approvals (Sep) | 21.086 | |||
| 08:30 | UK | Retail Sales (MoM) (Sep) | -0.8% | 1.2% | ||
| 08:30 | UK | Retail Sales (YoY) (Sep) | 2.2% | 3.3% | ||
| 09:00 | EMU | Industrial New Orders (YoY) (Aug) | -0.4% | 1.6% | ||