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Live Sessions Schedule
MONTHLY WEBINAR: Introducing Forex Options
Expert: John Jagerson
Start: Thu, Oct 18, 12:00 GMT
Type of Session: Webinar
MONTHLY WEBINAR: Exotic Forex Options
Expert: S. Wade Hansen
Start: Thu, Oct 18, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 18, 12:00 GMT | MONTHLY WEBINAR: Introducing Forex Options | John Jagerson | WBN |  |
| Thu, Oct 18, 14:00 GMT | MONTHLY WEBINAR: Exotic Forex Options  | S. Wade Hansen | WBN | |
| Fri, Oct 19, 09:00 GMT | How to Intraday Trade Volatile Markets Using ADX | Matt Kirk | WBN | |
| Fri, Oct 19, 10:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN |  |
Current Session: Europe − U.S.
EUR/USD
KBC Alert − EUR= (1.4252) Approaching key Resistance area by KBC Bank
€ is trying to extend above the neckline of a Short Term Double Bottom (1.4243: see graph), with Key Resistance are of 1.4283/ .4293 not far off (historic high/ monthly channel top off 2005 low). In case of move to new highs, next levels would come in at 1.4333/ .4344 (weekly Bollinger top/ potential of a successful Double Bottom off 1.4243), ahead of 1.4366 (daily Starc top), where a pause would be expected.
- Read our advisor's latest comments on 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:
Hedging Range Trades − CHFJPY − Hedging Strategy of the Week (Profit Target: 200 pips) by FXCM
Forex Trading Strategies − USD again closing in on multi−year lows, CHF and JPY charging stronger by Saxo Bank
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
Majors at a Glance
- EUR/USD
- Continues to move up above second resistant level 1.4271 . Fast and slow MA are still rising
10/18/2007 11:01 GMT - GBP/USD
- Trades around first resistant level 2.0452
10/18/2007 11:03 GMT - USD/CHF
- Trades below third support level 1.1719
10/18/2007 11:03 GMT - USD/JPY
- Continues to move down toward second support level 115.66
10/18/2007 11:04 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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 18 | 14:00 | Leading Indicators (MoM) | 0.3% | -0.6% |
US economic indicators - Manufacturing indices will probably indicate further weakness in October by BHF−Bank
After having fallen by 0.6% mom in August, the leading economic indicator is expected to have increased again in September, by 0.4% mom. Initial jobless claims, the stock market performance, real money supply and ISM supplier deliveries are all expected to have made significant positive contributions.
[ Full Story ]- Ahead of the Bell: Leading Indicators (Thomson Financial News)
Top Market Movers Review
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 18 | 09:00 | Trade Balance s.a. | €4.3B | €0.2 | €0.8B |
DATA SNAP: Euro−Zone Aug Trade Balance +EUR1.3B (Dow Jones)
Euro−zone export growth remained robust in August, despite the recent strength of the region's currency against the dollar. The 13 countries that share the euro had a trade surplus of EUR1.3 billion with the rest of the world in August, European statistics agency Eurostat said Thursday.
[ Full Story ]- Read the report: Euro area external trade surplus 1.3 bn euro at Eurostat
- Euro Zone trade balance rose well above expectations in August (FXstreet.com)
- EU Trade Surplus; €1.3B in Aug from revised €5.7Bin Jul (FXstreet.com)
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 18 | 08:30 | Retail Sales (YoY) | 6.3% | 5.5% | 4.9% |
| Oct 18 | 08:30 | Retail Sales (MoM) | 0.6% | 0.1% | 0.6% |
DATA SNAP: UK Sep Retail Sales Surge; Stores Cut Prices (Dow Jones)
The volume of retail sales surged to a three−year high in September as stores continued to slash prices in order to attract shoppers. Retail sales volumes grew 0.6% on the month and 6.3% on the year, the Office for National Statistics said Thursday, beating economists forecasts of a 0.3% monthly and a 5.7% annual increase.
[ Full Story ]- Read the report: Positive retail sales growth continues at National Statistics
- Forex − Pound gets fillip from strong retail sales data (Thomson Financial News)
- UK September retail sales post highest annual growth for three years (Thomson Financial News)
- UK retail sales continue growing strong, against expectations (FXstreet.com)
Friday Notes - Banks tightening lending standards by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 18 | 08:30 | UK | M4 Money Supply (MoM) (Sep) | 1.0% | 0.9% | 1.3% |
| 08:30 | UK | M4 Money Supply (YoY) (Sep) | 12.8% | 12.5% | 13.5% | |
| 08:30 | UK | Retail Sales (MoM) (Sep) | 0.6% | 0.1% | 0.6% | |
| 08:30 | UK | Retail Sales (YoY) (Sep) | 6.3% | 5.5% | 4.9% | |
| 09:00 | EMU | Trade Balance s.a. (Aug) | €4.3B | €0.2 | €0.8B |
|
| 09:00 | CH | ZEW Survey − Expectations | -16.0 | -26.7 | ||
| 12:30 | US | Initial Jobless Claims (Oct 13) | 312K | 308 | ||
| 12:30 | CA | International Securities Transactions (Aug) | $2.8 | $1.5B | ||
| 14:00 | US | Leading Indicators (MoM) (Sep) | 0.3% | -0.6% | ||
| 16:00 | US | Philadelphia Fed Manufacturing Survey (Oct) | 7.0 | 10.9 | ||