Wednesday, Oct 03, 11:10 GMT
U.S. Trading Newsletter
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The Brokers (re) Evolution: NFA Regulation
Oct 1, 15:51 GMTChristian Frahm at Saxo Bank A/S: "NFA regulatory changes strengthens the credibility of our industry" by FXstreet.com
"As soon as regulations kicked in, the market space changed from 600 unlicensed brokers to less than 100 licensed brokers. The clients benefited from the comfort of being serviced by a licensed counterpart and as a whole the industry benefited from a more professional service offering in margin FX."
Live Sessions Schedule
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Wed, Oct 3, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Pure Currency Analysis
Expert: Adam Rosen
Start: Wed, Oct 3, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 3, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
| Wed, Oct 3, 15:00 GMT | Pure Currency Analysis | Adam Rosen | WBN | |
| Wed, Oct 3, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Thu, Oct 4, 09:00 GMT | How to Intraday Trade Volatile Markets Using the ADX | Matt Kirk | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily technical research − GBP/USD Technical View by FX Instructor
Cable had a slow start in the week, trading between the 2.0365 support and the 2.0460 resistance, after it bounced a couple of times of the 2.0365 support it only just now moved lower pushed by fundamental news, we will have to wait a little bit and see if this move has enough momentum to continue or the pair is gone move back above the support level.
- Read the latest technical comments on forex majors 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:
Preview Strategies for − Preview Strategies for US SESSION 03/10/2007 by AKforex
Daily Analysis − The dollar strengths ahead of the data today by Finotec Group Inc.
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
Majors at a Glance
- EUR/USD
- Moves down below pivot level 1.4176
10/03/2007 10:13 GMT - GBP/USD
- Trades around pivot level 2.0411
10/03/2007 10:13 GMT - USD/CHF
- Back around pivot level 1.1734
10/03/2007 10:13 GMT - USD/JPY
- Trades around first resistant level 116.06
10/03/2007 10:13 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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Oct 3 | 14:00 | ISM Non−Manufacturing | 55.0 | 55.8 |
Ahead of the Bell: ISM Services (Thomson Financial News)
Difficulties in banking and mortgage markets likely were a drag on economic activity in the service sector in September compared with August.
[ Full Story ]Top Market Movers Review
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 3 | 09:00 | Retail Sales (MoM) | 0.1% | 0.4% | 0.4% |
| Oct 3 | 09:00 | Retail Sales (YoY) | 1.0% | 0.5% | 1.3% |
Euro Zone retail sales post a mild increase in August (FXstreet.com)
Retail trade volume in the Euro Area has grown very mildly in August from July, and worse than expected, although between countries, most of them have seen their retail sales growing, as the latest retail trade report by Eurostat shows.
[ Full Story ]- Read the Volume of retail trade up by 0.1% in euro area report at Eurostat
- UPDATE: Euro−Zone Retail Sales +0.1% On Mo; +1.0% On Yr (Dow Jones)
- Euro zone Aug retail sales up 0.1 pct vs July, up 1.0 year−on−year (Thomson Financial News)
- DATA SNAP: Euro−Zone Retail Sales +0.1% On Mo; +1.0% On Yr (Dow Jones)
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 3 | 08:30 | Purchasing Manager Index Services | 56.7 | 56.8 | 57.6 |
UK's services PMI decreases to 56.7 in September from 57.6 in August (FXstreet.com)
British services sector's activity has slowed down its growing pace in September from August, according to the Chartered Institute of Purchasing and Supply.
[ Full Story ]- NTC Economics Homepage
- Forex − Pound falls after weak services PMI (Thomson Financial News)
- UK CIPS Sept services PMI falls to 56.7, lowest since Aug 2006 − sources UPDATE (Thomson Financial News)
- UK CIPS Sept services PMI falls to 56.7 in Sept, lowest since Aug 2006 − sources (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 3 | 01:30 | AU | Retail Sales (MoM) (Aug) | 0.7% | 0.3% | 0.9% |
| 07:55 | DE | Purchasing Manager Index Services (Sep) | 53.1 | 56.1 | 59.8 | |
| 08:00 | EMU | Purchasing Manager Index Services (Sep) | 54.2 | 54.0 | 58.0 | |
| 08:30 | UK | Purchasing Manager Index Services (Sep) | 56.7 | 56.8 | 57.6 | |
| 09:00 | EMU | Retail Sales (MoM) (Aug) | 0.1% | 0.4% | 0.4% |
|
| 09:00 | EMU | Retail Sales (YoY) (Aug) | 1.0% | 0.5% | 1.3% |
|
| 14:00 | US | ISM Non−Manufacturing (Sep) | 55.0 | 55.8 | ||
| 14:30 | US | EIA Crude Oil Stocks | -7M | |||
| Oct 4 | 11:00 | UK | BoE Interest Rate Decision | 5.75% | 5.75% | |
| 11:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||