Friday, Oct 12, 11:07 GMT
U.S. Trading Newsletter
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The Brokers (re) Evolution: NFA Regulation
Jean Meneveau, Head of Marketing at Synthesis Bank: "These new measures will strengthen the credibility of our industry" by FXstreet.com
"We all have an interest in FX becoming a true asset class and these new measures will strengthen the credibility of our industry."
- Tha last minute of the story on the Special Coverage by FXstreet.com editors team: CFTC approves approves changes requested by the NFA
- Read the interviews with some of the main Forex Brokers' CEOs
Live Sessions Schedule
Live Trading
Expert: Tony Juste
Start: Fri, Oct 12, 14:00 GMT
Type of Session: Webinar
Trading with Tim Billups
Expert: Tim Billups
Start: Fri, Oct 12, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 12, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Oct 12, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Oct 12, 14:00 GMT | Live Trading | Tony Juste | WBN | |
| Fri, Oct 12, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Forex Technical Report − Dollar Stabilizes, Look into Retail Sales for Direction by ActionForex.com
EUR/USD retreats mildly after extending the rise from 1.4014 to as high as 1.4240. At this point, intraday bias remains on the upside as long as 1.4121 minor support holds. Since the corrective fall from 1.4281 should have completed at 1.4104 already, further rise should be seen to retest 1.4281 high and fibo resistance of 200% projection of 1.3360 to 1.3719 from 1.3550 at 1.4268.
- Know what's going on in the markets at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- 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:
Foreing Exchange − EUR: Bullish outlook after taking out 1.4150 key resistance Wednesday by Avantage Financial GMBH
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
Daily technical research by FX Instructor
Majors at a Glance
- EUR/USD
- Trades around pivot level 1.4190
10/12/2007 10:59 GMT - GBP/USD
- Back above first support level 2.0275 . Fast and slow MA are still falling
10/12/2007 10:59 GMT - USD/CHF
- Moves up toward yesterday high 1.1845 , above pivot level 1.1812
10/12/2007 10:59 GMT - USD/JPY
- Continues to trade around pivot level 117.36
10/12/2007 10:59 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 12 | 12:30 | Retail Sales (MoM) | 0.2% | 0.3% |
| Oct 12 | 12:30 | Retail Sales ex Autos (MoM) | 0.3% | -0.4% |
ECONOMIC PREVIEW: Retail Sales To Show How Consumers Are Holding Up (Dow Jones)
Those who are optimistic about the U.S. economy tend to base their hopes on the resiliency of the consumer to keep spending. So far, those hopes have been realized.
[ Full Story ]- Forex − Dollar firmer vs euro ahead of US retail sales data (Thomson Financial News)
- September retail sales expected weak (Thomson Financial News)
Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 12 | 09:00 | Industrial Production w.d.a. (YoY) | 4.3% | 2.1% | 3.9% |
| Oct 12 | 09:00 | Industrial Production s.a. (MoM) | 1.2% | 0.3% | 0.7% |
DATA SNAP: Euro−Zone Aug Indus Output Surges To 8−Month High (Dow Jones)
EMU industrial production probably remained more or less stable in August, given our forecasts for the corresponding figures from major eurozone countries.
[ Full Story ]- Read the report: Industrial production up by 1.2% in euro area at Eurostat
- UPDATE: Euro−Zone Aug Indus Output Surges To 8−Month High (Dow Jones)
- Euro zone Aug industrial output up 1.2 pct vs July, up 4.3 yr−on−yr (Thomson Financial News)
- Euro Zone Industrial Production rose higher than expected in August (FXstreet.com)
EMU economic indicators - German industrial new orders probably rebounded in August by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 11 | 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Sep) | -0.1% | 0.1% | 0.0% |
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Sep) | 1.7% | 1.9% | 1.9% | |
| Oct 12 | 05:00 | JP | Consumer Confidence (Sep) | 44.1 | 44.1 | |
| 05:00 | JP | Consumer Confidence Households (Sep) | 44.1 | 44.5 | 44.0 | |
| 09:00 | EMU | Industrial Production s.a. (MoM) (Aug) | 1.2% | 0.3% | 0.7% |
|
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Aug) | 4.3% | 2.1% | 3.9% |
|
| 12:30 | US | Producer Price Index (MoM) (Sep) | 0.4% | -1.4% | ||
| 12:30 | US | Producer Price Index (YoY) (Sep) | 3.7% | 2.2% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (MoM) (Sep) | 0.2% | 0.2% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (YoY) (Sep) | 2.2% | 2.2% | ||