Monday, Oct 08, 11:32 GMT
U.S. Trading Newsletter
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1st FXStreet.com International Conference – Oct. 25−27th
Oct 3, 15:51 GMTThe FXstreet.com 1st International Traders Conference (ITC) offers a unique environment to meet renowned experts within the Forex industry in the gorgeous city of Barcelona by FXstreet.com
One of the key aspects of the event will be the opportunity to TRADE LIVE side−by−side with experts! The ITC is a based on a very interactive model and will offer attendees the unique opportunity of a direct contact with the speakers. LAST CALL OFFER: 210 euros!
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 8, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Oct 9, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 8, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Oct 8, 13:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN |  |
| Mon, Oct 8, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Oct 8, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Analysis − Sterling loosing his advantage against the dollar by Finotec Group Inc.
Sterling slipped against the dollar on Monday, as traders remained pessimistic about its outlook, with markets increasingly pricing in chances of a British interest rate cut before the year end. Volume was generally thin, traders said, due to public holidays in Japan, the United States and Canada.
Most market participants are convinced there is a strong risk of a British economic slowdown, with the housing sector particularly vulnerable.
- Know what's behind the Markets 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 FX Commentary by Investica Ltd
Preview Strategies for − Preview Strategies for US SESSION by AKforex
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Majors at a Glance
- EUR/USD
- Trades below pivot level 1.4107
10/08/2007 11:02 GMT - GBP/USD
- Trades around pivot level 2.0388
10/08/2007 11:03 GMT - USD/CHF
- Trades below first resistant level 1.1843
10/08/2007 11:03 GMT - USD/JPY
- Trades above first resistant level 117.37
10/08/2007 11:03 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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Oct 9 | 10:00 | Industrial Production s.a. (MoM) | 0.5% | 0.1% |
Friday Notes - Secular USD downward trend to continue by HVB Group
Industrial production has peaked. The high growth rates posted last year will undoubtedly not be repeated. But order books remain filled. Accordingly, we expect the weak monthly dynamic in the two preceding months to be followed by a robust m−o−m increase again for August.
[ Full Story ]Top Market Movers Review
Germany FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 8 | 10:00 | Factory Orders (MoM) | 1.2% | 2.2% | -6.1% |
DATA SNAP: German Aug Mfg Orders Rebound Slightly On Month (Dow Jones)
German manufacturing orders rebounded slightly less than expected in August, after demand in July was revised upward, while foreign orders gave momentum to the rebound, data from the Ministry of Economics showed Monday.
[ Full Story ]- German Federal Ministry of Economics and Technology Homepage
- German Aug manufacturing orders up 1.2 pct vs July; consensus up 1.7 pct (Thomson Financial News)
- Germany Factory Orders (MoM) rise to 1.2% in August from −6.1% (FXstreet.com)
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 8 | 08:30 | Producer Price Index − Input (YoY) | 6.4% | 4.3% | 0.7% |
| Oct 8 | 08:30 | Producer Price Index − Output (MoM) | 0.1% | 0.2% | 0.1% |
| Oct 8 | 08:30 | Producer Price Index − Output (YoY) | 2.7% | 2.9% | 2.5% |
| Oct 8 | 08:30 | Producer Price Index − Input (MoM) | 3.2% | 1.5% | -1.4% |
UK input prices surge by 3.2 pct in Sept from Aug on high oil, wheat prices (Thomson Financial News)
Sharp rises in crude oil and wheat prices caused UK raw materials costs to jump by their highest amount in over two and a half years during September.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 8 | 08:30 | UK | Industrial Production (YoY) | 0.7% | 0.9% | 0.8% |
| 08:30 | UK | Producer Price Index − Input (MoM) | 3.2% | 1.5% | -1.4% |
|
| 08:30 | UK | Producer Price Index − Input (YoY) | 6.4% | 4.3% | 0.7% |
|
| 08:30 | UK | Producer Price Index − Output (YoY) | 2.7% | 2.9% | 2.5% | |
| 10:00 | DE | Factory Orders (MoM) | 1.2% | 2.2% | -6.1% |
|
| 10:00 | DE | Factory Orders (YoY) | 4.0% | 4.5% | 10.2% |
|
| Oct 9 | 01:30 | AU | National Australia Bank's Business Confidence | 10 | ||
| 06:00 | DE | Trade Balance (Aug) | 16.2B | 17.9B | ||
| 08:30 | UK | Total Trade Balance | -4.4B | |||
| 10:00 | DE | Industrial Production s.a. (MoM) (Aug) | 0.5% | 0.1% | ||