Wednesday, Oct 17, 12:05 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, Oct 17, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
G7 and Currency Market Outlook
Expert: Don Wilcox
Start: Wed, Oct 17, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 17, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN | |
| Wed, Oct 17, 14:00 GMT | G7 and Currency Market Outlook | Don Wilcox | WBN |  |
| Wed, Oct 17, 15:00 GMT | Trader Transformations | Adrienne Toghraie | WBN | |
| Wed, Oct 17, 16:00 GMT | Non−Directional Trading, the New Frontier | Reggie Henkart | SHW | |
Current Session: Europe − U.S.
GBP/USD
Forex Trading Strategies − GBP will face another test today with the release of the BOE minutes by Saxo Bank
GBPUSD has seen a multitude of momentum changes of late, but all within the 2.0500 − 2.0250 range, which has dominated the picture of late. The 55−day SMA is another key downside level around 2.0200. Momentum has completely left the scene as the stochs settle back towards 50. So the next move may be triggered once this persistent range fails. The downside generally preferred.
- Take a glimpse on the forex markets major crosses 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:
Bank Recomendations − Steven Wesiak, ABN AMRO private banking; Nicole Elliot , Mizuho Corporate Bank by Finotec Group Inc.
Daily Analysis − Dollar, Yen Rise on Risk Aversion by Finotec Group Inc.
Preview Strategies for − Preview Strategies for US SESSION 17/10/2007 by AKforex
Majors at a Glance
- EUR/USD
- Trades around pivot level 1.4180 with narrow daily range
10/17/2007 11:15 GMT - GBP/USD
- Continues to trade around opening price level 2.0331 , below pivot level 2.0353
10/17/2007 11:16 GMT - USD/CHF
- Back around opening price level 1.1823 , above pivot level 1.1819
10/17/2007 11:17 GMT - USD/JPY
- Trades below pivot level 116.94
10/17/2007 11:18 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 17 | 12:30 | Consumer Price Index (MoM) | 0.2% | -0.1% |
| Oct 17 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.1% | 2.1% |
| Oct 17 | 12:30 | Consumer Price Index (YoY) | 2.8% | 2.0% |
| Oct 17 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.2% |
Daily Forex Outlook - Crude oil reaches record high with focus shifting to US CPI by Easy Forex
Stock drop causing carry trade unwinds. Crude oil reaches record high with focus shifting to US CPI. U.S. Dollar Trading (USD) experienced a volatile session on Tuesday strengthening against a number of currencies in a market led by risk aversion.
[ Full Story ]- Special Webinar: What Moves Currencies? − US CPI Preview
- Forex − Dollar steady at lower levels; US data eyed (Thomson Financial News)
FX Daily Commentary - CPI Data Crucial for Dollars Direction. . . by FXGreece
Top Market Movers Review
UK CLAIMANT COUNT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 17 | 08:30 | Jobless Claims Change | -12.8K | -4.0K | -4.2K |
| Oct 17 | 08:30 | Unemployment Rate | 5.4% | - | 5.4% |
| Oct 17 | 08:30 | Claimant Count Rate | 2.6% | 2.6% | 2.6% |
DATA SNAP: UK Sep Jobless −12,800; Aug Avg Earnings +3.7% (Dow Jones)
The U.K.'s claimant count unemployment measure fell for the twelfth straight month in September, while the rate of wage growth picked up a little in the three months to August. The Office For National Statistics said Wednesday that the number of unemployed people fell 12,800 in September from August.
[ Full Story ]- Read the Average Earnings data at National Statistics
- Read the Employment data at National Statistics
- UPDATE: UK Sep Unemployment Falls For 12th Straight Month (Dow Jones)
- UK Jobless claims fell higher than expected in September (FXstreet.com)
- UK labour market continues to tighten in September (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 17 | 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Aug) | 3.7% | 3.6% | 3.5% |
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Aug) | 3.7% | 3.6% | 3.5% | |
| 08:30 | UK | Bank of England Minutes | ||||
| 08:30 | UK | Claimant Count Rate (Sep) | 2.6% | 2.6% | 2.6% | |
| 08:30 | UK | Jobless Claims Change (Sep) | -12.8K | -4.0K | -4.2K | |
| 08:30 | UK | Unemployment Rate | 5.4% | 5.4% | ||
| 12:30 | US | Consumer Price Index (MoM) (Sep) | 0.2% | -0.1% | ||
| 12:30 | US | Consumer Price Index (YoY) (Sep) | 2.8% | 2.0% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Sep) | 0.2% | 0.2% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Sep) | 2.1% | 2.1% | ||