Monday, Oct 12, 08:26 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
FX Market Readings: EURO and GBP are expected to swing and slide by Dr. S. Sivaraman
EURO and GBP made the sliide towards close of US session on Friday.They are expected to make swing and slide during Japanese session and to drop quickly during early European session.After mid european session volatile moves they are expected to swing and slide again during US session.
1st on Forex: US Dollar Index and Gold – Where Will It Go Next? by Jerry Furst
The Day Job Trade: GBP/USD Falls From $1.61 by Ryan O'Keefe
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Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Oct 12, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 12, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 12, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Oct 12, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Oct 12, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Mon, Oct 12, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR: Possibly attempt small shorts at 1.4710, adding to 1.4760
Mizuho Corporate Bank − Stuck between this year's high at 1.4845 (and a potential small ‘double top') and above the 9−day moving average as weaker currencies are hit first. We shall continue to pencil in another week or two of consolidation which would allow the Ichimoku ‘cloud' and trendline support to move closer to the Euro.
EUR/USD
EUR/USD moves to the downside by ecPulse.com
The euro versus dollar pressured the minor support levels breaching the minor ascending channel to reverse and head towards the minor support around 1.4675.
USD/JPY
USD/JPY had a strong bullish day on Friday by Turtle Futures
USDJPY had a strong bullish day on Friday after trying to break through the lower daily trend line on three occasions. We are now sitting on the 20 SMA at 90.26 (Daily).
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
New Zealand RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 12 | 21:45 | Retail Sales ex Autos (MoM) | 0.5% | -0.5% |
| Oct 12 | 21:45 | Retail Sales (MoM) | 0.6% | -0.5% |
US RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 12:30 | Retail Sales (MoM) | - | -0.2% |
| Oct 14 | 12:30 | Retail Sales ex Autos (MoM) | - | -0.5% |
Friday Notes - Retail Sales: Payback time as cash for clunkers program ended by UniCredit Group
Following the expiration of the cash for clunkers program in late August, car sales plunged 35% in September. In addition, we expect a reversal of the sales increases in most other categories that occurred in August and are not sustainable in our view.
[ Full Story ]US FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 18:00 | FOMC Minutes | - | - |
Top Market Movers Review
Germany WHOLESALE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 12 | 06:00 | Wholesale Price Index (YoY) | -8.1% | -7.7% | 8.3% |
| Oct 12 | 06:00 | Wholesale Price Index (MoM) | -0.2% | 0.2% | 0.7% |
Germany Wholesale Price Index decreases 0.2% MoM, 8.1% YoY in Sep (FXstreet.com)
[ Full Story ]- Read the WPI data at German Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 12 | 00:00 | US | Columbus Day | |||
| 00:00 | CA | Thanksgiving Day Bank Holiday | ||||
| 06:00 | DE | Wholesale Price Index (MoM) (Sep) | -0.2% | 0.2% | 0.7% | |
| 06:00 | DE | Wholesale Price Index (YoY) (Sep) | -8.1% | -7.7% | 8.3% | |
| 21:45 | NZ | Retail Sales (MoM) (Aug) | 0.6% | -0.5% | ||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Aug) | 0.5% | -0.5% | ||
| 23:00 | UK | RICS House Price Balance (Sep) | 15.1% | 10.7% | ||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Sep) | -0.1% | |||
Educational Resources
FXstreet.com is about to get the ball rolling
Next week is THE event of the year for your Forex website... In Barcelona (Spain), we will gather 7 renowned FX experts and more than 50 traders for a 3 days intensive conference, including live trading! For those of you who won't be in our hometown to experience it live, we will broadcast pictures and cover the event on our homepage and on Francesc' blog from Wednesday through Friday! Don't miss this insider coverage of the ITC.