Monday, Oct 27, 08:46 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
Forex Trading Today: A New Week…So What Now? by Tim Salem (CVJ)
We have simply had perpetual cyclical continuation in the Equities markets as we move across the world from Sydney back around to Tokyo each day. The continued height of the "bouncing ball" of noise and chop across all markets seemingly gets higher and higher.
1st on Forex: Last Week and The Week Ahead by Jerry Furst
FxBootcamp: Crashing… but not the end of the world by Wayne McDonell
Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, Oct 27, 12:30 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 27, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 27, 12:00 GMT | Bollinger Bands and RSI  | Valeria Bednarik | WBN |  |
| Mon, Oct 27, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Mon, Oct 27, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Oct 27, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
USD/JPY
Currency Majors Technical Analysis − USD JPY is in an downtrend directed by 1H exponential moving averages by Mataf.net
93,31. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 95,00 (169 pips). The downtrend should continue to gather momentum.
=> We could take a short position at 93,50. We will put the stop loss above 95,00 (−150 pips). The targets are 91,00 (+250 pips, risk/reward 1:1.7), 88,00 (+550 pips, risk/reward 1:3.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative −> 4 Trend following): 3.
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 - EURUSD: German Business Sentiment Expected to Falter - Can the Euro Hold Its Ground? by FXCM
Market Session Recaps - Asia Session by FOREX.com
Currencies at a Glance
- EUR/USD
- Continues to moves downward with low volatility. Support is seen at 1.2330 while resistance is seen at 1.2718.
10/27/2008 07:39 GMT - GBP/USD
- Slides gradually with moderate volatility. Immediate support is seen at 1.5386. MAs are declining gradually.
10/27/2008 07:40 GMT - USD/CHF
- Moves upward with low volatility. Support is seen at 1.1582 while resistance is at 1.1750.
10/27/2008 07:41 GMT - USD/JPY
- Continues to move downward with low volatility Support is seen at 91.81. Intraday resistance is seen at 94.91.
10/27/2008 07:42 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
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 27 | 09:00 | IFO − Business Climate | 91.0 | 92.9 |
| Oct 27 | 09:00 | IFO − Expectations | 85.0 | 86.5 |
Friday Notes - Strong deterioration in business sentiment by HVB Group
The ongoing deterioration in the outlook for growth of its most important trade partners still argues against stabilization in business expectations. Moreover, the strong downward trend in the situation component should have continued because of the very weak development of orders since as far back as the end of last year.
[ Full Story ]Daily Forex Technical Report − Yen Intervention Talk Builds Up by ActionForex.com
Trading News Report - EURUSD: German Business Sentiment Expected to Falter − Can the Euro Hold Its Ground? by FXCM
Top Market Movers Review
Japan CORPORATE SERVICE PRICE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 26 | 23:50 | Corporate Service Price (YoY) | 0.1% | - | 1.4% |
Japan September Corporate Service Price Index Table Of Data (Dow Jones)
The following is Japan September Corporate Service Price Index Table Of Data
[ Full Story ]- Read the CSPI at Bank Of Japan
- Japan economic indicators to Nov 25 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 26 | 23:50 | JP | Corporate Service Price (YoY) (Sep) | 0.1% | 1.4% | |
| Oct 27 | 09:00 | DE | IFO − Business Climate (Oct) | 91.0 | 92.9 | |
| 09:00 | DE | IFO − Expectations (Oct) | 85.0 | 86.5 | ||
| 09:00 | EMU | M3 (YoY) (Sep) | 8.5% | 8.8% | ||
| 14:00 | US | New Home Sales (Sep) | 455K | 460K | ||
| 14:00 | US | New Home Sales (MoM) (Sep) | -1.1% | -11.5% | ||
| 14:00 | US | Treasury Secretary Paulson speech | ||||
| 23:50 | JP | Large Retailer's Sales (Sep) | -2.7% | -2.2% | ||
| 23:50 | JP | Retail Trade (YoY) (Sep) | 0.0% | 0.7% | ||
| 23:50 | JP | Retail Trade s.a (MoM) (Sep) | -0.2% | 0.7% | ||