Friday, Oct 19, 11:08 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Live Trading
Expert: Tony Juste
Start: Fri, Oct 19, 14:00 GMT
Type of Session: Webinar
G7 and Currency Market Outlook
Expert: Don Wilcox
Start: Fri, Oct 19, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 19, 10:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN |  |
| Fri, Oct 19, 14:00 GMT | Live Trading | Tony Juste | WBN |  |
| Fri, Oct 19, 15:00 GMT | G7 and Currency Market Outlook | Don Wilcox | WBN | |
| Fri, Oct 19, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Daily technical research − Cable pushed higher but lost strength by FX Instructor
Cale also pushed higher, it broke above 2.0500 yesterday but it lacked the strength to stay above it and started to slip lower, on the daily chart we can see that today's bar is an inside bar and until we break out things could go either way; on the other hand the overall momentum is still bullish and if the Sterling can find some additional energy we may see the pair close the week above 2.0500.
- 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:
Preview Strategies for − Preview Strategies for US SESSION 19/10/2007 by AKforex
Forex Trading Strategies − USD likely at important pivot point − will we see a continued rout or a strong medium−term rebound? by Saxo Bank
KBC Alert − EURCZK= (27.3000) New historic low and retesting broken weekly channel top off 2004 high by KBC Bank
Majors at a Glance
- EUR/USD
- Back around opening price level 1.4293 , above pivot level 1.4266
10/19/2007 10:59 GMT - GBP/USD
- Back around pivot level 2.0446
10/19/2007 10:59 GMT - USD/CHF
- Back around opening price level 1.1696 , below pivot level 1.1721
10/19/2007 10:59 GMT - USD/JPY
- Continues to trade around first support level 115.04
10/19/2007 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 FED'S BERNANKE SPEAKS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 19 | 14:00 | Fed's Bernanke Speaks | - | - |
Wakeup Call on Forex Markets - USD weakness continues and Crude Oil trading at $89.5/bbl by Saxo Bank
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "There's uncertainty about Ben Bernanke's speech. Will he speak about the G7 topics or will he refer to the US economy? Still, his words may cause a lot of volatility to the markets." − FXstreet.com
Top Market Movers Review
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 19 | 08:30 | Gross Domestic Product (QoQ) | 0.8% | 0.7% | 0.8% |
| Oct 19 | 08:30 | Gross Domestic Product (YoY) | 3.3% | 3.1% | 3.1% |
UK Q3 GDP up quarterly 0.8 pct, 7th consecutive quarter of above−trend growth (Thomson Financial News)
The UK economy grew above its long−run average for the seventh quarter running and by more than anticipated during the third quarter of the year, pushed along once again by the services sector.
[ Full Story ]- Read the GDP Growth at National Statistics
- 2nd UPDATE: UK 3Q GDP Growth Highest In Over 3 Years (Dow Jones)
- Forex − Pound gets boost from strong UK Q3 GDP data UPDATE (Thomson Financial News)
- UPDATE: UK 3Q GDP Highest Annual Growth Rate In Over 3 Years (Dow Jones)
Friday Notes - Banks tightening lending standards by HVB Group
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 19 | 06:00 | Producer Price Index (MoM) | 0.2% | 0.4% | 0.1% |
| Oct 19 | 06:00 | Producer Price Index (YoY) | 1.5% | 1.8% | 1.0% |
German Sept PPI up 0.2 pct from Aug, up 1.5 pct yr−on−yr (Thomson Financial News)
Producer prices in Germany rose 0.2 in September from August and increased 1.5 pct from September last year, the Federal Statistics Office said.
[ Full Story ]- Read the Producer prices September 2007 at German Statistics
- DATA SNAP: German September PPI +0.2% On Month, +1.5% On Yr (Dow Jones)
- German PPI increases 0.2%b in September; 1.5% up on the year (FXstreet.com)
- Germany Sep Producer Price Index (MoM) rises to 0.2%; 1.5% up on the year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 19 | 08:30 | UK | Gross Domestic Product (QoQ) (3Q)  | 0.8% | 0.7% | 0.8% |
| 08:30 | UK | Gross Domestic Product (YoY) (3Q) | 3.3% | 3.1% | 3.1% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Sep) | 0.4% | 0.2% | 0.1% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Sep) | 2.0% | 1.9% | 2.2% | |
| 11:00 | CA | Consumer Price Index (MoM) (Sep) | 0.2% | 0.2% | -0.3% | |
| 11:00 | CA | Consumer Price Index (YoY) (Sep) | 2.5% | 2.5% | 1.7% | |
| 14:00 | US | Fed's Bernanke Speaks | ||||
| Oct 22 | 01:30 | AU | Producer Price Index (QoQ) | 1% | ||
| 06:00 | DE | Import Price Index (MoM) | -0.7% | |||
| 06:00 | DE | Import Price Index (YoY) | -0.6% | |||