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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
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Oct 4, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 17th Edition
Expert: Wayne McDonell
Start: Fri, Oct 5, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 4, 14:15 GMT | Technical Analysis Q&A  | Tony Juste | WBN | |
| Thu, Oct 4, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, Oct 4, 16:00 GMT | Trading with Tom Flora | Tom Flora | WBN | |
| Thu, Oct 4, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 2.0309 − 4 October by iFOREX.bg
GBP/USD Open 2.0438 High 2.0305 Low 2.0373 Close 2.0317
Upwards resistance is 2.0380, which is 38.5% correction of the climb 2.0194 − 2.0485, followed by 2.0451, than comes 2.0496. In downward direction support is 2.0305, which is 61.5% correction of the climb 2.0195 − 2.0490.
- EUR/USD hits extreme OB level amid USD selling 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:
Daily Outlook − GBP/USD by Karoll
The Word of Majors − EUR/USD: prices approach strong looking 1.4064 support but only above 1.4113 is a bullish signal by FXstreet.com
Daily Trend Trade by FX Trend Trader
Majors at a Glance
- EUR/USD
- Moves up around pivot level 1.4124
10/04/2007 11:17 GMT - GBP/USD
- Moves up toward pivot level 2.0358
10/04/2007 11:18 GMT - USD/CHF
- Moves down around pivot level 1.1775
10/04/2007 11:19 GMT - USD/JPY
- Stays above pivot level 116.36
10/04/2007 11:19 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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 4 | 11:45 | ECB Interest Rate Decision | 4% | 4% |
BOE and ECB expected to keep rates unchanged (FXstreet.com)
On the ECB side, there is a widespread feeling that the Bank will keep interest rates untouched at 4.0%. The interest will be then Trichet's press conference for hints about the Bank's outlook of economy in the mid−term. The Banks decision will be influenced by downside risks of growth, with a historically strong euro and credit crisis in one side, and upside risks to inflation on the other.
[ Full Story ]- Forex − Euro, pound lower ahead of rate decisions (Thomson Financial News)
Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 4 | 11:00 | BoE Interest Rate Decision | 5.75% | 5.75% | 5.75% |
BOE keeps rates on hold at 5.75%, as expected (FXstreet.com)
The Bank of England has decided to keep interest rates unchanged at 5.75% after their monthly Policy Meeting Committee, as usual, no further explication has been given by the Bank, which refers to the meeting's minutes next wednesday 17 October.
[ Full Story ]- Read the Bank Rate maintained at 5.75% report at BoE
- UPDATE: Bank Of England Holds Rates Steady For Third Month (Dow Jones)
- BoE keeps key bank rate on hold at 5.75 pct UPDATE (Thomson Financial News)
- BoE keeps key bank rate on hold at 5.75 pct (Thomson Financial News)
Friday Notes - Ailing USD hurts sentiment by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 4 | 01:30 | AU | Building Permits (MoM) | -1.7% | -0.5% | 1.0% |
| 01:30 | AU | Building Permits (YoY) | -0.1% | 1.0% | ||
| 11:00 | UK | BoE Interest Rate Decision | 5.75% | 5.75% | 5.75% | |
| 11:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 12:00 | CA | Building Permits (MoM) (Aug) | 1.6% | -11.3% | ||
| 12:30 | EMU | ECB's Trichet Speaks | ||||
| 12:30 | US | Initial Jobless Claims (Sep 28) | 315 | 298K |
||
| 14:00 | US | Factory Orders (Aug) | -2.4% | 3.7% | ||
| 14:00 | CA | Ivey Purchasing Managers Index (Sep) | 60.0 | 58.5 | ||
| Oct 5 | 05:00 | JP | Leading Economic Index (Aug)  | 30.0 | 72.7 | |