Monday, Oct 19, 07:41 GMT
EUROPEAN Trading Newsletter
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To Get Started
- Exclusive video Interview: The Euro reach the last year's highest level at 1.60? with Rob Booker
- Do you know it all about FX? Test yourself! Learning Center Practice A is out!
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- WEBINAR VIDEOS: Looking at economic data by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
Chartology: Short Term EUR/USD Fibonacci Projections and Resistance by Raghee Horner
My notes are right on the charts as I look to use Fibonacci as one way of identifying the near term high on the intraday EUR/USD.
ForexHedge: European Breakouts for week # 43 by Ron Schelling
Francesc's Weblog: The ITC is over by Francesc Riverola
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Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Oct 19, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 19, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 19, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Oct 19, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Oct 19, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Mon, Oct 19, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
Very long term trend for Cable is higher
Mizuho Corporate Bank − Last week's rally from first medium term Fibonacci retracement support (38%) formed a large ‘bullish engulfing' candle on the weekly chart, culminating in a close above the ‘neckline' of an irregular ‘head−and−shoulders'. This pretty much cancels out the downside pressure supplied by this chart formation and underlines the fact that the very long term trend for Cable is higher.
EUR/USD
EU approaches its big psycho level at 1.5000 by FXTechstrategy
A second week of upside gains the past week saw the pair wiping out its corrective losses and breaking above the 1.4844 level to print a new high of 1.4968, its highest price since Sept 22'08.
EUR/JPY
Longer term charts are beginning to turn down on the stochastics by Charmer Charts.com
Euro/Yen has already broken to 134.73 but we have climbed back above 135.12. Now however the longer term charts are beginning to turn down on the stochastics, so care is needed if wanting to go long.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis, KBC, Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
Canada FOREIGN INVESTMENT IN CANADIAN SECURITIES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 19 | 12:30 | Canadian Investment in Foreign Securities | - | $0.53B |
| Oct 19 | 12:30 | Foreign investment in Canadian securities | $2.97B | $0.35B |
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 19 | 17:00 | NAHB Housing Market Index | 20 | 19 |
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 23 | 08:00 | IFO − Business Climate | 92.1 | 91.3 |
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 23 | 14:00 | Existing Home Sales (MoM) | - | -2.7% |
| Oct 23 | 14:00 | Existing Home Sales | - | 5.1M |
Friday Notes - Existing Home Sales: Rebound in home sales continues by UniCredit Group
Existing home sales have rebounded from the all−time low reached in January. Despite their 23⁄4% decline in August, they are still up an annualized 361⁄4% during the last six months.
[ Full Story ]Top Market Movers Review
UK RIGHTMOVE HOUSE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 18 | 23:01 | Rightmove House Price Index (MoM) | 2.8% | - | 0.6% |
| Oct 18 | 23:01 | Rightmove House Price Index (YoY) | 0.2% | - | -1.5% |
DATA SNAP: UK Rightmove Oct House Prices +2.8% MM, +0.2% YY (Dow Jones)
[ Full Story ]- Read the House data at Rightmove
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 18 | 23:01 | UK | Rightmove House Price Index (YoY) (Oct) | 0.2% | -1.5% | |
| 23:50 | JP | BoJ Minutes | ||||
| 23:50 | JP | Tertiary Industry Index (MoM) (Aug) | 0.3% | 0.1% | 0.6% | |
| Oct 19 | 01:00 | US | Fed's Bernanke Speech | |||
| 12:30 | CA | Canadian Investment in Foreign Securities (Sep) | $0.53B | |||
| 12:30 | CA | Foreign investment in Canadian securities (Aug) | $2.97B | $0.35B | ||
| 15:00 | US | Fed's Bernanke Speech | ||||
| 17:00 | US | NAHB Housing Market Index (Oct) | 20 | 19 | ||
| Oct 20 | 05:00 | JP | Leading Economic Index (Aug) | 82.5 | ||
| 06:00 | DE | Producer Price Index (MoM) (Sep) | 0.5% | |||
Educational Resources
ITC 2009 comes to the end: 3 days of trading, learning and making friends
The city of Barcelona has been the scenario of the most educational event of the year for the last three days. FXstreet.com is proud to have hosted the ITC 2009 and to offer the atendees the opportunity to trade with the experts and put into practice all the theory acquired during the speeches as well as exchange opinions with other traders and with the experts themselves. This way, we have seen different systems and styles… and we are going to return home with a mix of everything, after picking around our favourite tips and strategies. Read our CEO's blog!
Related Resources
FXstreet.com International Traders Conference website