Thursday, Oct 22, 07:31 GMT
EUROPEAN Trading Newsletter
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To Get Started
- Video Interview: Euro and AUD will continue strengthening against the US Dollar with James Chen
- Real-Time Economic Calendar: New 2.0 Design with upgraded charts and sound notifications
- WEBINAR VIDEOS: Back to Basics - Moving Averages by Adam Rosen
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Forex Blogs
FX Market Readings: Market reversal by Dr. S. Sivaraman
When every one is expecting the market to reverse ,the players make slow rise and induce restlessness among traders.the players also know well no one will make a buy near the high for the season− but they do making circular traders only to attract margin call in lower equity accounts and to induce short covering from over traders.
Chartology: EUR/USD Swing Set Up on the 30min by Raghee Horner
ForexHedge: AUD/USD strong trend by Ron Schelling
The Disciplined Trader: EUR/USD making new highs - Index new lows - Will it continue? by Pierre Charlebois
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Live Sessions Schedule
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Thu, Oct 22, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Oct 22, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 22, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Thu, Oct 22, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Oct 22, 13:00 GMT | Pip Movement Ranges for Better Trade Management | Raghee Horner | WBN |  |
| Thu, Oct 22, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe
EURUSD bulls remain with more activity
Investija.com − EURUSD bulls remain with more activity, however slowly bears are taking further actions in order to push prices under ex−resistance level (1.4952). While candles still stay above resistance – buying possibilities are better to look into. Positive trend is strong enough to enter above 1.5000 price level
USD/JPY
USD/JPY broke the neckline for the bullish technical pattern at 91.00 by ecPulse.com
The USD/JPY pair was able to breach the neckline for the bullish technical pattern yesterday at 91.00 to slightly incline, yet returned to fluctuate around the neckline.
GBP/USD
Cable holds yesterday's gains and trades around the 1.6600 handle by InnerFX
Cable is conserving yesterday's gains of 290 points and currently trades around the 1.6600 handle. Current uptrend is strong and the sterling does not show signs of correction.
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
EMU CURRENT ACCOUNT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 22 | 08:00 | Current Account s.a | - | €4.3B | €6.6B |
| Oct 22 | 08:00 | Current Account n.s.a | - | - | €8.8B |
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 22 | 08:30 | Retail Sales (YoY) | - | 2.8% | 2.1% |
| Oct 22 | 08:30 | Retail Sales (MoM) | - | 0.6% | 0.0% |
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 22 | 12:30 | Continuing Jobless Claims | - | 5990K | 5992K |
| Oct 22 | 12:30 | Initial Jobless Claims | - | 516K | 514K |
US LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 22 | 14:00 | Leading Indicators (MoM) | - | 0.9% | 0.6% |
US economic indicators - Leading indicators (Sep): sharply increasing for the sixth consecutive month by BHF−Bank
Leading indicators are likely to have gone up significantly for the sixth consecutive month in September, by 0.7% mom. Thus the year−on−year rate will rise to 2.4%, and the annualised 6−month rate could even reach a six−year high of 10.5%. Most components will have had a favourable impact.
[ Full Story ]Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 23 | 08:00 | IFO − Business Climate | - | 92.1 | 91.3 |
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 23 | 14:00 | Existing Home Sales (MoM) | - | 5.0% | -2.7% |
| Oct 23 | 14:00 | Existing Home Sales | - | 5.35M | 5.10M |
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 ]Daily Global Commentary - Home Sales – A Preview by Northern Trust
U.S:Housing Finance Initiative by BBVA Group
Top Market Movers
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 20 | 13:00 | BoC Interest Rate Decision | 0.25% | 0.25% | 0.25% |
BOC Keeps Rate At 0.25%,On Hold To 2Q 2010,Warns Of Strong C$ (Dow Jones)
[ Full Story ]- Read the official statement at BoC
- Canada Afternoon: C$ Plummets On Dovish BOC Rate Statement (Dow Jones)
- UPDATE: BOC Keeps Rate At 0.25%,On Hold To 2Q 2010,Warns Of Strong C$ (Dow Jones)
- Forex: USD/CAD: Dollar soars to 1.0400 area after BoC rate statement (FXstreet.com)
European Session: Dovish BoC Disappoint Bulls, But RBNZ Turn Hawkish by ACM − Advanced Currency Markets
Market Insights - Risky Assets Pared Gains amid BOC's Strong CAD Warning and Disappointing Eco Data by Oil N' Gold
European and US summary - CAD Slumps on BoC by Forexnews.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 21 | 23:50 | JP | Adjusted Merchandise Trade Balance (Sep) | ¥58.6M | ¥375.0 | ¥173.5B |
| 23:50 | JP | Merchandise Trade Balance Total (Sep) | ¥520.6M | ¥625.3M | ¥183.3B |
|
| Oct 22 | 04:30 | JP | All Industry Activity Index (MoM) (Aug) | 0.9% | 0.4% | 0.5% |
| 06:15 | CH | Trade Balance (Sep) | 1.92B | 1.59B | 1.72B |
|
| 08:00 | EMU | Current Account n.s.a (Aug) | €8.8B | |||
| 08:00 | EMU | Current Account s.a (Aug) | €4.3B | €6.6B | ||
| 08:30 | UK | Retail Sales (MoM) (Sep) | 0.6% | 0.0% | ||
| 08:30 | UK | Retail Sales (YoY) (Sep) | 2.8% | 2.1% | ||
| 12:30 | US | Initial Jobless Claims (Oct 17) | 516K | 514K | ||
| 12:30 | CA | Retail Sales (MoM) (Aug) | 0.4% | -0.6% | ||
Educational Resources
Basics of Conventional Loans and What Do Fannie and Freddie Have to Do With It
Understanding how loans work specifically related to real estate is very important whether you're purchasing a home, investing directly in real estate, or trading mortgage backed securities (MBS). So this week, Diana Hill ll outline the basics of conventional financing and Fannie and Freddie. Read Diana Hill's article !
From Lessons from the Pros as well:
Like Minds, Individual Approach by Sam Evans
Vertical Spreads: Part I by Josip Causic
Important Resources for Futures Traders by Sam Seiden