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FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Mon, Oct 29, 13:00 GMT
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Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 29, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 29, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Oct 29, 13:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN | |
| Mon, Oct 29, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Oct 29, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Analysis − Dollar plumbs record low as Fed rate cut awaited by Finotec Group Inc.
The Euro vaulted to a record high of $1.4426 on trading platform EBS, the highest since its launch in 1999, before retreating to $1.4420, up 0.2 percent from late U.S. trade. The Fed is widely seen cutting rates by a quarter−point to 4.5 percent on Wednesday, while expectations are building for a follow−up cut in December to limit economic damage from the housing market's downturn.
- EUR/USD: Is this the valid channel? 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:
Daily Trading Strategy − Can the EUR/USD drill 1.4500? by MVDForex
Weekly Forex Signals − US Dollar drop for new record low against Swiss Franc! by Finotec Group Inc.
Forex Trading Strategies − PBoC allows sharply stronger Yuan overnight by Saxo Bank
Majors at a Glance
- EUR/USD
- Continues to trade around first resistant level 1.4419
10/29/2007 11:06 GMT - GBP/USD
- Continues to move up toward second resistant level 2.0616
10/29/2007 11:07 GMT - USD/CHF
- Stays around opening price level 1.1621 , below pivot level 1.1640
10/29/2007 11:07 GMT - USD/JPY
- Continues to move up above first resistant level 114.53
10/29/2007 11:08 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
Germany UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Oct 30 | 08:55 | Unemployment Rate s.a. | - | 8.8% |
Friday Notes - Fed: The first cut was the deepest by HVB Group
The usual seasonal recovery in autumn probably triggered a further tangible decline in not−adjusted unemployment in October. Still clearly expansionary corporate hiring plans point to the 19th consecutive decline in the adjusted number.
[ Full Story ]Top Market Movers Review
UK NET LENDING TO INDIVIDUALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 09:30 | Net Lending to Individuals | £11.2B | - | £9.6B |
UK consumer lending increases larger than expected in September (FXstreet.com)
Consumer lending has increased by 11.2 billion pounds in September compared to the 9.6 billion pounds in August , according to the latest report by the Bank of England.
[ Full Story ]- Read the Net Lending data at Bank of England
- United Kingdom Sep Net Lending to Individuals up to £11.2B vs £9.5B in Aug (FXstreet.com)
- UK Sept mortgage lending growth jumps to 9.8 bln stg, but approvals slow − BoE (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 28 | 21:45 | NZ | Trade Balance | -0.54B | -0.70B | -0.95B |
| 23:50 | JP | Retail Trade (YoY) | 0.5% | -0.6% | 0.5% | |
| Oct 29 | 09:30 | UK | M4 Money Supply (MoM) (Sep) | 1.0% | 1.3% | |
| 09:30 | UK | M4 Money Supply (YoY) (Sep) | 12.8% | 13.5% | ||
| 09:30 | UK | Mortgage Approvals (Sep) | 102K | 102K | 108K |
|
| 09:30 | UK | Net Lending to Individuals (Sep) | £11.2B | £9.6B |
||
| 23:30 | JP | Overall Household Spending (YoY) | 1.6% | |||
| 23:30 | JP | Unemployment Rate | 3.6% | |||
| Oct 30 | 08:55 | DE | Unemployment Rate s.a. | 8.8% | ||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) | 12 | |||