Tuesday, Oct 23, 11:09 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Simple and Basic System for a Quick Start in Forex
Expert: Valeria Bednarik
Start: Tue, Oct 23, 12:00 GMT
Type of Session: Webinar
Topics
− Understanding basic and simple charts analysis systems: Triggers and Filters
− D'Agostino Technique: intraday trend analysis: conditions
− Setting entry point, limit and stop loss
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Oct 23, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 23, 11:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
| Tue, Oct 23, 12:00 GMT | Simple and Basic System for a Quick Start in Forex | Valeria Bednarik | WBN |  |
| Tue, Oct 23, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Oct 23, 16:00 GMT | Trading in Uncharted Territory  | Joseph Trevisani | WBN | |
Current Session: Europe − U.S.
EUR/JPY
Bank Recomendations − EUR/JPY: Outlook negative. Pair has done a 38.2% correction by Finotec Group Inc.
EUR/JPY− "Outlook negative. Pair has done a 38.2% correction of the rise of the past few weeks; quickly rebounding (the 50% is at 158.520). A rebound above 162.85 yen would argue for an upward correction, towards 163.70 or even 164.25 yen (hourly resistance line). The daily indicators are turning downside.
- Chack out the technical comments on majors 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:
Weekly Forex Market Commentary − The US economic calendar begins on Monday with the release of the Chicago PMI report for September by Global Forex Trading
Daily Analysis − U.S. stocks rebound Dollar up Against The Euro by Finotec Group Inc.
Preview Strategies for − Preview Strategies for US SESSION 23/10/2007 by AKforex
Majors at a Glance
- EUR/USD
- Stays below pivot level 1.4217
10/23/2007 10:58 GMT - GBP/USD
- Trades above pivot level 2.0381
10/23/2007 10:58 GMT - USD/CHF
- Stays above pivot level 1.1721
10/23/2007 10:58 GMT - USD/JPY
- Back around opening price level 114.54 , above pivot level 114.14
10/23/2007 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
Canada RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 23 | 12:30 | Retail Sales (MoM) | 0.5% | -0.8% |
| Oct 23 | 12:30 | Retail Sales ex Autos (MoM) | 0.3% | -0.3% |
Daily Forex Technical Report − Markets Stabilized on Stocks Recovery, Canadian Retail Sales Eyed by ActionForex.com
The main focus today will likely be on Canadian retail sales. Retail sales is expected to rebound in Aug by rising 0.5% mom, with ex−auto sales rising 0.3%.
[ Full Story ]- Ahead of the Bell: Retail Sales (Thomson Financial News)
Top Market Movers Review
UK CBI BUSINESS SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 23 | 10:00 | CBI Business Sentiment (QoQ) | -13 | - | -2 |
DATA SNAP: UK CBI Oct Indus Output Balance +10 Vs Sep +17 (Dow Jones)
U.K. industrial output slipped a little in October but remained relatively robust amid the recent credit squeeze, the Confederation of British Industry said Tuesday. Business optimism for the coming three months, however, slumped to the lowest level since January 2006.
[ Full Story ]- Read the report: UK manufacturers more pessimistic after credit squeeze, but demand stays firm at CBI
- Forex − Pound drops as credit crunch spooks UK manufacturing sector (Thomson Financial News)
- UK CBI business sentiment collapses in the third quarter (FXstreet.com)
- UK manufacturers' confidence dented by credit crunch (Thomson Financial News)
EMU INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 23 | 09:00 | Industrial New Orders s.a. (MoM) | 0.3% | 0.9% | -2.6% |
| Oct 23 | 09:00 | Industrial New Orders (YoY) | 5.1% | 6.0% | 12.0% |
DATA SNAP: Euro−Zone Aug Indus Orders At 8−Month Annual Low (Dow Jones)
Industrial orders in the euro zone grew at their slowest annual pace in eight months in August, suggesting that the strength of the euro could be causing export growth to slow.
[ Full Story ]- Read the Industrial New Orders data at Eurostat
- Euro zone Aug industrial orders up 0.3 pct vs July, up 5.1 pct yr−on−yr (Thomson Financial News)
- Euro Zone industrial new orders increase 0.3% in August (FXstreet.com)
- EU Industrial New Orders s.a. increase 0.3% in Aug; 5.1% up on the year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 23 | 06:45 | FR | Consumer Spending (MoM) (Sep) | 0.1% | -0.5% | 0.7% |
| 09:00 | EMU | Industrial New Orders (YoY) (Aug) | 5.1% | 6.0% | 12.0% |
|
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Aug) | 0.3% | 0.9% | -2.6% |
|
| 10:00 | UK | CBI Business Sentiment (QoQ) | -13 | -2 | ||
| 12:30 | CA | Retail Sales (MoM) (Aug) | 0.5% | -0.8% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Aug) | 0.3% | -0.3% | ||
| 14:00 | US | Richmond Fed Manufacturing Index (Oct 21) | 8 | 14 | ||
| 21:00 | US | ABC Consumer Confidence (Oct 21) | -13 | |||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Sep) | ¥916.300B | ¥1144.909B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Sep) | ¥1470.000B | ¥743.238B | ||