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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: Expected market moves for week end by Dr. S. Sivaraman
EURO and GBP recovered towards close yesterday and then dropped quickly today the last day of the week to induce long liquidation till early European session.
Chartology: Watching for a Breakdown in the Canada by Raghee Horner
FxBootcamp: FOREX Training Video | London Session October 23, 2008 by Wayne McDonell
Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Fri, Oct 24, 12:30 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Oct 24, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Fri, Oct 24, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Oct 24, 14:00 GMT | Banging around the Bands | Chris Capre | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − Daily Technical Outlook − Friday 10.24.2008 by E−Forex
Downside is under renewed pressure after testing offers on the 1.3 handle on yesterday. The Euro already lost its gains from yesterday and the decline is likely to accelerate lower once the support into the 1.2730/50 region will be cleared out. Both daily and intraday studies are bearish and support at 1.2660, below 1.2730/50, is on focus. Looking even lower, key support is also seen into the 1.2450/70 region, formed by a bottom of 2006 which has been intact for 5 months. On the upside, resistance is seen at 1.2830 followed by 1.2875, 1.2910 and 1.3. Bearish structure is not affected by yesterday's spike to 1.3 as the Euro lost strength pretty fast. Current quote is 1.2766 @06:25 GMT.
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
Daily Market Commentary - Once again, the dollar rallied further on Thursday versus the European currencies GFT (Global Forex Trading)
Banks' Analysis
Forex Technical Analysis - EUR/USD: (1.2802) New reaction low below channel off 1.4867
Currencies at a Glance
- EUR/USD
- Continues to moves downward with low volatility. Support is seen at 1.2719 while resistance is seen at 1.2946.
10/24/2008 06:39 GMT - GBP/USD
- Slides gradually with moderate volatility. Immediate support is seen at 1.5734. MAs are declining gradually.
10/24/2008 06:40 GMT - USD/CHF
- Moves upward with low volatility. Support is seen at 1.1582 while resistance is at 1.1738.
10/24/2008 06:41 GMT - USD/JPY
- Continues to move downward with low volatility Support is seen at 94.00. Intraday resistance is seen at 96.86.
10/24/2008 06:43 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
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Cons. | Previous | |
| Oct 24 | 08:30 | Gross Domestic Product (YoY) | 0.5% | 1.5% |
| Oct 24 | 08:30 | Gross Domestic Product (QoQ) | -0.2% | 0.0% |
Trading News Report - U.K. GDP on Tap − Will the Pound Plunge Further? by FXCM
The advanced GDP reading for the U.K. could weight on the British pound as the economy is expected to contract 0.2% in the third quarter. In addition, the annual rate of growth is anticipated to decline to 0.5% from 1.5%, which will be the lowest reading since September 1992.
[ Full Story ]- PREVIEW−British GDP seen falling in Q3 as recession looms (Thomson Financial News)
Top Market Movers Review
Germany PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 24 | 07:30 | Purchasing Manager Index Manufacturing | 43.3 | 46.0 | 47.4 |
| Oct 24 | 07:30 | Purchasing Manager Index Services | 49.7 | 48.8 | 50.2 |
German Services and Manufacturing PMI decline further in October (FXstreet.com)
Business activity has failed to expand in both services in manufacturing sectors in Germany in October, according to preliminary estimates by the Purchasing of Managers Index.
[ Full Story ]- NTC Economics homepage
- Germany Oct Purchasing Manager Index Services decreases to 49.7 vs 50.2 in Sep (FXstreet.com)
- Germany Oct Purchasing Manager Index Manufacturing down to 43.3 vs 47.4 in Sep (FXstreet.com)
EMU economic indicators - RBS PMI manufacturing indices Germany and EMU (October): down by BHF−Bank
Germany IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 24 | 06:00 | Import Price Index (MoM) | -1.0% | -0.8% | -0.8% |
| Oct 24 | 06:00 | Import Price Index (YoY) | 7.6% | 7.8% | 9.3% |
German import prices moderated in September (FXstreet.com)
Imported prices index have started to grow slower in Germany in September, as energy prices start to ease, according to figures released by German Statistics.
[ Full Story ]- Read the import prices data at German Statistics
- TABLE−German Sept import prices −1.0 pct m/m, +7.6 pct y/y (Thomson Financial News)
- Germany Import Price Index declined −1% in Sep; 7.6% up year on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 24 | 06:00 | DE | Import Price Index (MoM) (Sep) | -1.0% | -0.8% | -0.8% |
| 06:00 | DE | Import Price Index (YoY) | 7.6% | 7.8% | 9.3% | |
| 07:30 | DE | Purchasing Manager Index Manufacturing (Oct)  | 43.3 | 46.0 | 47.4 | |
| 07:30 | DE | Purchasing Manager Index Services (Oct) | 49.7 | 48.8 | 50.2 | |
| 08:00 | EMU | Purchasing Manager Index Manufacturing (Oct) | 44 | 45 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Oct) | 47.0 | 48.4 | ||
| 08:30 | UK | Gross Domestic Product (QoQ) (3Q) | -0.2% | 0.0% | ||
| 08:30 | UK | Gross Domestic Product (YoY) (3Q) | 0.5% | 1.5% | ||
| 08:30 | UK | Index of Services (Aug) | -0.1% | 0.6% | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Sep) | 0.3% | 0.3% | ||