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U.S. Trading Newsletter
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The Brokers (re) Evolution: NFA Regulation
Sep 29, 13:05 GMTCFTC approves approves changes requested by the NFA by FXstreet.com
NFA has received notice that the Commodity Futures Trading Commission has approved changes to NFA Financial Requirements Section 11 and the Interpretive Notice entitled "Forex Transactions." The amendments increase the minimum net capital requirement for Forex Dealer Members (FDMs) to $5,000,000.
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 1, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Oct 2, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 1, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Oct 1, 13:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN |  |
| Mon, Oct 1, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Oct 1, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
GBP/USD Open 2.0466 High 2.0285 Low 2.01133 Close 2.0271
In upward direction resistance is 2.0463, followed by 2.0564, and than comes the the 26 year top at 2.0643. Support is the broken resistance at 2.0363, followed by 2.0104, which is 61.5% correction of the climb 1.9876 − 2.0462.
- Sterling may just be storing up trouble − Dow Jones at Tony Juste's blog
- 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:
Weekly Analysis − Sterling hitting two−month highs against the USD by Finotec Group Inc.
Daily Analysis − Dollar hits lows against Euro by Finotec Group Inc.
Weekly Forex Market Commentary − The Factory Goods Orders report for August is due on Thursday by Global Forex Trading
Majors at a Glance
- EUR/USD
- Continues to trade around pivot level 1.4229
10/01/2007 11:01 GMT - GBP/USD
- Moves down toward pivot level 2.0386
10/01/2007 11:01 GMT - USD/CHF
- Continues to trade around pivot level 1.1665
10/01/2007 11:02 GMT - USD/JPY
- Trades slightly below last week high 115.88 , above first resistant level 115.42
10/01/2007 11:02 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 ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Oct 1 | 14:00 | ISM Manufacturing | 52.5 | 52.9 |
Friday Notes - Ailing USD hurts sentiment by HVB Group
Was the Fed's bigger−than−expected rate cut sufficient to lift confidence among manufacturers? Or were the continuing problems in the housing sector and this week's strike at GM bad enough to sour sentiment? The ISM index, the first look at how business attitudes are unfolding coming into October, will help answer those questions. A small further decline is likely.
[ Full Story ]Top Market Movers Review
UK NET LENDING TO INDIVIDUALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 1 | 08:30 | Net Lending to Individuals | £9.5B | - | £10.0B |
| Oct 1 | 08:30 | Net Consumer Credit | 1.0 | 0.9B | 1.1B |
DATA SNAP: UK Aug Mortgage Lending +GBP8.5 Bln Vs +GBP8.9B (Dow Jones)
U.K. consumers' appetite for secured debt slipped amid still high interest rates in August as mortgage lending fell to an 18− month low. Total consumer lending growth slowed to GBP9.5 billion in August from a revised GBP10.0 billion in July, figures from the Bank of England showed Monday. The sharpness of the slowdown came as a surprise. Economists were expecting a gain of GBP9.9 billion.
[ Full Story ]- Read the Lending to Individuals report at Bank of England
- UK Consumer lending decreases to 9.5B in Aug.. from 10.0B in Jul. (FXstreet.com)
- UK mortgage lending on downward trend in Aug as market worries kicked off − BoE (Thomson Financial News)
EMU PMI MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 1 | 08:00 | PMI Manufacturing Index | 53.2 | 53.2 | 54.3 |
Euro Zone's PMI decreases to 53.2 in September (FXstreet.com)
Euro Zone's purchasing Managers index has decreased to 53.2 in September from 54.3 in August, and the decrease has been broad based among countries as most of them have posted declines on a monthly basis.
[ Full Story ]- NTC Economics Homepage
- Euro zone Sept final manufacturing PMI 53.2, unchanged from previous estimate (Thomson Financial News)
- Euro−Zone Sep Manufacturing PMI 53.2 Vs Aug 54.3 − Sources (Dow Jones)
- EU Sep PMI Manufacturing Index falls to 53.2 from 54.3 in August (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 1 | 08:00 | EMU | PMI Manufacturing Index (Sep) | 53.2 | 53.2 | 54.3 |
| 08:30 | UK | M4 Money Supply (MoM) (Aug) | 1.2% | 1.0% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Sep) | 13.5% | 13.0% | ||
| 08:30 | UK | Net Consumer Credit (Aug) | 1.0 | 0.9B | 1.1B |
|
| 08:30 | UK | Net Lending to Individuals | £9.5B | £10.0B |
||
| 08:30 | UK | PMI Manufacturing Index (Sep) | 55.1 | 55.6 | 56.1 |
|
| 14:00 | US | ISM Manufacturing (Sep) | 52.5 | 52.9 | ||
| Oct 2 | 05:45 | CH | Consumer Price Index (MoM) (Sep) | -0.1% | ||
| 05:45 | CH | Consumer Price Index (YoY) (Sep) | 0.4% | |||
| 09:00 | EMU | Producer Price Index (MoM) (Aug) | 0.3% | |||