Monday, Oct 05, 07:30 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
Tech Trading: AUD/USD Still bullish by César B. Leiceaga
The pair has constantly found trendline support during it's recovery from last years low's (0,6000's). Looking at the weekly chart I'm observing some signs of exhaustion specially RSI which is in overbought territory and the 0,8900 − 0,9000 psychological resistance is going to be a tough one to brake through.
FX Market Readings: EURO and GBP are expected to make volatile moves by Dr. S. Sivaraman
ForexHedge: EUR/CHF Hedge by Ron Schelling
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Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Oct 5, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 5, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 5, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Oct 5, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Oct 5, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Oct 5, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
Momentum staying bearish while below 1.6200
Mizuho Corporate Bank − Consolidating under the 9−day moving average and the sort of ‘neckline' of a potential ‘head−and−shoulders' top (which may well never work out and turn into a very large rectangle); above the first Fibonacci support at 1.5700. Note that the Lagging Span is holding at the bottom of a good−sized Ichimoku ‘cloud' and price action last week might be a small ‘double bottom' (but then again in might also be ‘triangle' consolidation. Expect more very cautious hesitation today with momentum staying bearish while below 1.6200.
EUR/USD
Asia Session: Euro did crest just shy of 1.4650 by FOREX.com
EUR/USD opened the week 30 pips higher than Friday's close near 1.4580 on the back of good lip service from the G7. Euro did crest just shy of 1.4650, and looked to be comfortable at those levels heading into London.
GOLD
Spot gold plunged to $986 in overnight trading by MPTrader.com
Spot gold plunged to $986 in overnight trading, but has reversed with a vengeance. Let's notice that prior to the employment data, the DXY (dollar index) once again popped to 77.45...
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
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 5 | 08:30 | Purchasing Manager Index Services | 54.6 | 54.1 |
EMU RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 5 | 09:00 | Retail Sales (MoM) | -0.4% | -0.2% |
| Oct 5 | 09:00 | Retail Sales (YoY) | - | -1.8% |
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Oct 5 | 14:00 | ISM Non−Manufacturing | 50.0 | 48.4 |
Friday Notes - ISM Non−Manufacturing: Mood continues to normalize by UniCredit Group
Sentiment among purchasing managers in non−manufacturing industries most likely continued to improve in September as the economy has started to recover from recession. Their mood was lifted even further by the ongoing stock market rally and a mild retreat in gas prices.
[ Full Story ]UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 8 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% |
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 8 | 11:45 | ECB Interest Rate Decision | 1% | 1% |
Forex Trading Strategies - ECB, EuroZone politicians clearly fed up with Euro strength by Saxo Bank
Mr. Trichet said little that was new, repeating past statements that a strong USD is "extremely important", but clearly, the strong EUR − no doubt particularly against China and the other USD peggers − is rankling the central bank and finance ministers as it serves as a strong brake on the economic recovery for the bloc of nations.
[ Full Story ]US TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 9 | 12:30 | Trade Balance | -$32.70B | -$31.96B |
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 5 | 01:30 | AU | ANZ Job Advertisements (Sep) | 4.4% | 4.1% | |
| 03:00 | NZ | ANZ Commodity Price (Sep) | 6.8% | 4.3% | ||
| 07:55 | DE | Purchasing Manager Index Services (Sep) | 52.2 | 53.8 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Sep) | 50.6 | 49.9 | ||
| 08:30 | UK | Purchasing Manager Index Services (Sep) | 54.6 | 54.1 | ||
| 08:30 | EMU | Sentix Investor Confidence (Oct) | -12.0 | -14.6 | ||
| 09:00 | EMU | Retail Sales (MoM) (Aug) | -0.4% | -0.2% | ||
| 09:00 | EMU | Retail Sales (YoY) (Aug) | -1.8% | |||
| 14:00 | US | ISM Non−Manufacturing (Sep) | 50.0 | 48.4 | ||
| 22:00 | NZ | NZIER Business Confidence (3Q) | -25 | |||