Friday, Oct 23, 07:58 GMT
EUROPEAN Trading Newsletter
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To Get Started
- Video Interview: EUR/USD to reach 1.75 early 2010; Oil prices close to $200/barrel with Kim Cramer
- 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: Week end expected big moves by Dr. S. Sivaraman
EURO and GBP are making very volatile moves around the high during start of Japanese session.They are expected to swing and firm up to cut the high during late Japanese session and quickly drop towards close of the session and during early European session.
The Disciplined Trader: EUR/USD 1.5059 could be significant by Pierre Charlebois
Chartology: USD/JPY Rising Wedge: Continuation or Reversal? by Raghee Horner
Francesc Weblog: Range Bars Charts for Metatrader MT4. Here you have by Francesc Riverola
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Live Sessions Schedule
Monthly Webinar − Part I: Divergence
Expert: Sunil Mangwani
Start: Fri, Oct 23, 11:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 23, 11:00 GMT | Monthly Webinar − Part I: Divergence | Sunil Mangwani | WBN |  |
| Fri, Oct 23, 12:45 GMT | Monthly Webinar − Part II: Harmonic Patterns  | Sunil Mangwani | WBN | |
| Mon, Oct 26, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Oct 26, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
Current Session: Europe
Another new high for this year at 1.5061
Mizuho Corporate Bank − Another new high for this year at 1.5061 with the 9−day moving average rising quickly. The Euro is slightly overbought and bullish momentum is fairly strong and might increase on a weekly close above the psychological 1.5000 level.
GBP/USD
Overnight we have seen the Pound drift higher to 1.6680 by Charmer Charts.com
Cable held 1.6640 during the day session, but overnight we have seen this drift higher to 1.6680 possibly on stops, and it is now currently back below 1.6640 and quite happy to be so at the moment.
AUD/USD
We have made a high at 0.9300 at the moment by Turtle Futures
Well we have made a high at 0.9300 at the moment so not too bad. Where to from here? On the daily chart we are definitely still in an uptrend. The channel bottom is not until 0.8850.
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
Event of the Day
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 |
Daily Global Commentary - Home Sales – A Preview by Northern Trust
[ Full Story ]Live Daily Broadcast - Today's Live Show: EUR and GBP: Will Tomorrow's Data Extend the Rally vs. USD? by AllThingsForex
US: Housing market recovery may be slowing by Easy Forex
U.S:Housing Finance Initiative by BBVA Group
Event of the Week
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 21 | 08:30 | Bank of England Minutes | - | - | - |
Top Fundamental Stories - The BoE voted unanimously to keep the interest rate unchanged by ecPulse.com
[ Full Story ]- Read full minutes at BoE
- European markets, on a slight sell tone; Pound soars after BoE minutes (FXstreet.com)
- 2nd UPDATE: Pound Up As BOE Shows No Asset−Purchase Split (Dow Jones)
- UPDATE: Pound Up As BOE Minutes Show No Asset−Purchase Split (Dow Jones)
Daily World Market Update - Dovish Minutes Send Sterling Soaring by World First UK Ltd
Top Fundamental Stories - Europe Ahead: BoE Minutes reveal unanimous vote on rates and APF by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 22 | 16:00 | US | Fed's Lockhart speech | |||
| Oct 23 | 00:30 | AU | Export Price Index (QoQ) (3Q) | -9.6% | -4.7% | -20.6% |
| 00:30 | AU | Import Price Index (QoQ) (3Q) | -3.0% | -2.7% | -6.4% | |
| 08:00 | DE | IFO − Business Climate  | 92.1 | 91.3 | ||
| 08:00 | DE | IFO − Expectations (Oct) | 95.7 | |||
| 08:30 | UK | Gross Domestic Product (QoQ) (Aug) | 0.2% | -0.6% | ||
| 08:30 | UK | Gross Domestic Product (YoY) (Sep) | -4.6% | -5.5% | ||
| 08:30 | UK | Index of Services (Aug) | -0.2% | |||
| 09:00 | EMU | Industrial New Orders (YoY) (Aug) | -22.5% | -24.3% | ||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Aug) | 1.2% | 2.6% | ||
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