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U.S. Trading Newsletter
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The Brokers (re) Evolution: NFA Regulation
Sep 27, 15:14 GMTThe CEOs' Reply: FXDD, GFT and FXCM answer to the Second Open Letter sent by FXstreet.com's CEO Francesc Riverola
The new NFA standards will not only affect the brokers but the whole industry and could even produce a big shake out in the retail FX industry.
Live Sessions Schedule
US Session Open
Expert: Ed Ponsi
Start: Fri, Sep 28, 13:30 GMT
Sponsored by: 
Type of Session: Webinar
Live Trading
Expert: Tony Juste
Start: Fri, Sep 28, 14:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 28, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Fri, Sep 28, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Sep 28, 14:00 GMT | Live Trading | Tony Juste | WBN | |
| Mon, Oct 1, 10:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Daily technical research by FX Instructor
Cable moved higher on Thursday almost touching the 2.0300 level but it retraced in the overnight trading hours and it retested the 2.0200 level now turned into support; this move might be the signal the market looked for to shift the bias to the long side. Breaking above 2.0300 today or at the start of next week will bring us closer to the 2.0365 resistance level and intermediary bullish target before the 2.0460 early August double top.
- Read the latest Technical Comments on Majors by Tony Juste
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Majors Technical Analysis − ProPipper AUD Update by Pro Pipper
Daily Technical Analysis − Again holding neatly just below the new record high at 1.4190 by Mizuho Corporate Bank
Forex Technical Report GBP/USD by iFOREX.bg
Majors at a Glance
- EUR/USD
- Moves up above first resistant level 1.4186
09/28/2007 11:01 GMT - GBP/USD
- Continues to move up toward first resistant level 2.0327
09/28/2007 11:01 GMT - USD/CHF
- Continues to move down below first support level 1.1692
09/28/2007 11:11 GMT - USD/JPY
- Moves down below first support level 115.17
09/28/2007 11:11 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US CORE PERSONAL CONSUMPTION EXPENDITURE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 28 | 12:30 | Core Personal Consumption Expenditure (YoY) | 1.8% | 1.9% |
| Sep 28 | 12:30 | Core Personal Consumption Expenditure (MoM) | 0.1% | 0.1% |
US economic indicators - Durable goods orders have probably corrected downwards in August by BHF−Bank
The PCE core deflator only went up by 0.1% mom in July. However, if, like core CPI, it has risen by just under 0.2% mom, the annual rate would nevertheless decline further to 1.8%, well within the Fed's comfort zone.
[ Full Story ]Top Market Movers Review
UK GFK CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 28 | 09:30 | Gfk Consumer Confidence | -7 | -6 | -4 |
DATA SNAP: GfK: UK Consumer Climate Hit By Northern Rock Woes (Dow Jones)
U.K. consumer confidence in September plunged to its lowest level since December 2005 as a result of the crisis at mortgage lender Northern Rock PLC (NRK.LN), a survey published Friday by market research organization GfK NOP showed.
[ Full Story ]- GfK NOP homepage
- UK Sept Gfk/NOP consumer confidence drops to −7 vs −4 in Aug (Thomson Financial News)
- UK Consumer confidence declines lower than expected (FXstreet.com)
- United Kingdom Gfk Consumer Confidence decreases to −7 in September vs −4 in August (FXstreet.com)
EMU CONSUMER PRICE INDEX ESTIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 28 | 09:00 | Consumer Price Index Estimate (YoY) | 2.1% | 2.1% | 1.8% |
DATA SNAP: Euro−Zone Sep Inflation Rate Surges Above Target (Dow Jones)
The annual rate of consumer−price inflation in the euro zone surged in September, rising above the European Central Bank's 2% target for the first time in more than a year. The annual rate of inflation across the euro zone was 2.1% in September.
[ Full Story ]- Read the Euro area inflation estimated at 2.1% at Eurostat
- Euro zone Sept prov HICP up 2.1 pct vs 1.7 pct in Aug, matches consensus (Thomson Financial News)
- Euro Zone Inflation rises above ECB target (FXstreet.com)
- UPDATE: Euro−Zone Sep Inflation Rate Surges Above Target (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 28 | 05:00 | JP | Housing Starts (YoY) | -43.3% | -16.0% | -9.9% |
| 06:00 | DE | Retail Sales (MoM) (Aug) | -1.4% | 0.3% | 0.6% | |
| 06:00 | DE | Retail Sales (YoY) (Aug) | -2.2% | -1.5% | -1.0% |
|
| 09:00 | EMU | Consumer Confidence (Sep) | -5 | -4 | -4 |
|
| 09:00 | EMU | Consumer Price Index Estimate (YoY) (Sep) | 2.1% | 2.1% | 1.8% | |
| 09:30 | UK | Gfk Consumer Confidence (Sep) | -7 | -6 | -4 | |
| 12:30 | US | Core Personal Consumption Expenditure (MoM) (Aug) | 0.1% | 0.1% | ||
| 12:30 | US | Core Personal Consumption Expenditure (YoY) (Aug) | 1.8% | 1.9% | ||
| 12:30 | CA | Gross Domestic Product (MoM) (Jul) | 0.4% | 0.2% | ||
| 12:30 | US | Personal Income (Aug) | 0.4% | 0.5% | ||