Monday, Sep 28, 07:54 GMT
EUROPEAN Trading Newsletter
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To Get Started
- Use our brand new performance table! See ranges for main pairs in % or pips from 5 min to YTD. Go Now!
- WEBINAR VIDEOS: London Session Scenarios on GBPUSD & GBPJPY by Mihai Marinescu
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Trend reversal time by Dr. S. Sivaraman
EURO and GBP made the lower level swings − oump and dump moves of the players on Friday to drop again today during Japanese session.Their intention is revealed now.EURO and GBP are expected to drop during Japanese session.
ForexHedge: USA Bank failure # 95 by Ron Schelling
FX Path: USD/CAD - Trendline Breakout after Double-Bottom by James Chen
Sponsored by 
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Sep 28, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Sep 28, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 28, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Sep 28, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Tue, Sep 29, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Tue, Sep 29, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
Current Session: Europe
Currency Majors Technical Perspective
FXstreet.com Independent Analyst Team − GBP/USD Current price: 1.5820. Pair keeps printing lower lows in the hourly charts, accelerating the fall with the risk aversion dollar rally triggered by local shares. Rally seems over extended both in 1 and 4 hours charts, yet no signs of reversal or upside corrections yet. Break under 1.5800 level, will find next supports at 1.5754, past May 22th daily low, followed by the 1.5710 area. Support levels: 1.5800 1.5754 1.5710. Resistance levels: 1.5860 1.5920 1.5990
EUR/USD
Drop from 1.4845 retesting broken channel top from 1.3832 by KBC Bank
Drop from 1.4845 (bearish Dark Cloud) retesting the broken channel off 1.3832 and currently back in the inverted channel off June low (top at 1.4716 today), with 1.4611 being tested.
USD/JPY
Forecast on USD Majors − Hourly price is creeping lower by CMS Forex
Hourly Trend is Sideways Down while 9020 holds and Daily Trend is also Sideways Down while 9245 holds, so expect the price to make Lower Lows but the Downside may be limited.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Sep 28 | 06:00 | Consumer Price Index (MoM) | - | 0.2% |
| Sep 28 | 06:00 | Consumer Price Index (YoY) | - | 0% |
EMU economic indicators - German retail sales (August): Unchanged by BHF−Bank
The preliminary results for national German CPI for September are due to be released on Monday. We expect German consumer prices to have decreased month−on−month; the annual rate would then return into negative territory at –0.1 %.
[ Full Story ]EMU ECB TRICHET'S SPEECH
| Date (GMT) | Event | Cons. | Previous | |
| Sep 28 | 14:30 | ECB Trichet's Speech | - | - |
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 2 | 12:30 | Nonfarm Payrolls | - | -216K |
Friday Notes - Monthly employment report: Still not out of the woods by UniCredit Group
As the recession ended and production keeps rising, the number of job losses has declined appreciably. The ongoing downward trend in initial jobless claims corroborates that, in particular, the pace of layoffs is slowing down.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 28 | n/a | DE | Consumer Price Index (MoM) (Sep)  | 0.2% | ||
| n/a | DE | Consumer Price Index (YoY) (Sep) | 0% | |||
| 14:30 | EMU | ECB Trichet's Speech | ||||
| 22:45 | NZ | Building Permits (MoM) (Aug) | 5% | |||
| 23:30 | JP | National Consumer Price Index (YoY) (Aug) | -2.2% | |||
| 23:30 | JP | National CPI Ex Food, Energy (YoY) (Aug) | -0.9% | |||
| 23:30 | JP | National CPI Ex−Fresh Food (YoY) (Aug) | -2.2% | |||
| 23:30 | JP | Tokyo Consumer Price Index (YoY) (Sep) | -1.6% | |||
| 23:30 | JP | Tokyo CPI ex Food, Energy (YoY) (Sep) | -1.1% | |||
| 23:30 | JP | Tokyo CPI ex Fresh Food (YoY) (Sep) | -1.9% | |||
Educational Resources
Losing To Win, It's All In Your Perception
This week Sam Seiden will demonstrate that like sports, trading is all about attitude. The winning attitude almost always beats the losing attitude. You have to be a good loser in order to win. Taking a small loss in trading is not wrong at all, it's the right thing to do and a MUST if you are ever to enjoy gains. Read whole Sam Seiden's article!
Other articles of this week's Lessons from the Pros
When It's Time to Take a Break from a Great Relationship... - Article by Sam Evans
TIC − Real Estate Without Daily Management - Article by Diana Hill