Wednesday, Oct 14, 07:38 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
Tech Trading: Intraday outlook: Euro and Pound by César B. Leiceaga
EUR/USD: stop hunt above 1,4843 until 1,4875. The drop may continue until 23,60 % Fib at 1,4780's and 38,20 % Fib at 1,4720's. GBP/USD: stop hunt below previous low (1,5726). Rebounds from 1,5705 until 1,5850. Short term support located in 1,5775 (50 % Fib from 1,5705 − 1,5850).
The Disciplined Trader: Addressing Jen’s comment by Pierre Charlebois
FxBootcamp: FOREX VIDEO - European Outlook October 14th 2009 by David R Pegler
Sponsored by 
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Oct 14, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Oct 14, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 14, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Oct 14, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Oct 14, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Oct 14, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
Yesterday's close above 1.4800 suggests start of next leg of a long term rally
Mizuho Corporate Bank − Just one of many currencies hitting a new high for the year against the Euro. Yesterday's close above 1.4800 suggests we have started the next leg of a long term rally; a weekly close above here would confirm. Bullish momentum is good though the Euro is overbought – but does anyone care?
GBP/USD
A break above 1.5960/70 will confirm the positive structure by InnerFX
Cable recovered on yesterday and reached the short−term resistance at 1.5960/70 earlier today, the said barrier being tested while writing this report. A break out is likely and will confirm the positive structure which is being developed.
CRUDE OIL
Crude Oil: Violation Of The 74.97 Level To Trigger MT Uptrend by FXTechstrategy
With Crude Oil presently seen on the offensive following its recent declines to as low as 65.03 in late Sept'09, a retarget of its YTD high at 74.97 is now envisaged.
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 CLAIMANT COUNT RATE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 08:30 | Claimant Count Rate | 5.1% | 5.0% |
| Oct 14 | 08:30 | Jobless Claims Change | 25.1K | 24.4K |
US RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 12:30 | Retail Sales (MoM) | -2.0% | -0.2% |
| Oct 14 | 12:30 | Retail Sales ex Autos (MoM) | 0.2% | -0.5% |
US economic indicators - Retail sales (Sep): Dropping sharply after CARS ended by BHF−Bank
Retail sales went up by 2.7% mom in August, largely due to a sharp rise in auto sales triggered by the government's CARS program.
[ Full Story ]- US retail sales probably fell in September (Forex Live)
Friday Notes - Retail Sales: Payback time as cash for clunkers program ended by UniCredit Group
US FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 18:00 | FOMC Minutes | - | - |
Forex Market Video - FOMC Meeting Minutes to Move the Market by ForexYard
FOMC Meeting Minutes to Move the Market. Video by Greg Holden.
[ Full Story ]US CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 15 | 12:30 | Consumer Price Index (MoM) | 0.2% | 0.4% |
| Oct 15 | 12:30 | Consumer Price Index (YoY) | -1.4% | -1.5% |
| Oct 15 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.4% | 1.4% |
| Oct 15 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.1% | 0.1% |
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 13 | 21:00 | US | ABC/Washington Post Consumer Confidence | -45 | -45 | |
| Oct 14 | 00:00 | AU | Westpac Consumer Confidence (Oct 11) | 1.7% | 5.2% | |
| 04:00 | JP | BoJ Interest Rate Decision | 0.1% | 0.1% | 0.1% | |
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Aug) | 1.9% | 2.2% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Aug) | 1.4% | 2.5% | ||
| 08:30 | UK | Claimant Count Rate (Sep) | 5.1% | 5.0% | ||
| 08:30 | UK | ILO Unemployment Rate (3M) (Aug) | 8.0% | 7.9% | ||
| 08:30 | UK | Jobless Claims Change (Sep) | 25.1K | 24.4K | ||
| 09:00 | EMU | Industrial Production s.a. (MoM) (Aug) | 1.0% | -0.3% | ||
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Aug) | -15.5% | -15.9% | ||
Educational Resources
A Smart Trading Group, Getting Smarter
Sam Seiden can always tell how much someone knows about trading and markets and how well they are doing by listening to their questions. With each new year, questions, in general, have become more and more intelligent which means the competition is getting stronger. Recently, some important questions have been sent to him by OTA students. For your benefit, he thought he would share them and the answers with you in this piece. . Read Sam Evans' article
From the Lessons From the Pros as well:
FX Fundamentals & News: The Good, The Bad and The Ugly by Sam Evans