Wednesday, Oct 01, 11:07 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Institutional Trading Strategies: The Indicators by Andrei Pehar
- Special Coverage - Will the Bailout Plan be approved today? by FXstreet.com
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Forex Blogs
FX Market Readings: Month beginning expected moves... by Dr. S. Sivaraman
EURO and GBP went for massive drop yesterday during US session and then firmed up towards close and also firmed up during Japanese session to make a dip during late Japanese and start of European session.
FxBootcamp: Average Daily Ranges by Wayne McDonell
The Disciplined Trader: USD pairs could be signaling a trend reversal is close at hand by Pierre Charlebois
Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Wed, Oct 1, 16:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Oct 1, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 1, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Oct 1, 16:00 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Wed, Oct 1, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Oct 2, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast − Euro Weakest as Dollar Moves Up by Swiss e Trade AG
The Greenback continued its now, technically−speaking, confirmed uptrend and is just consolidating the gained territory in these European morning hours. In the recent upmove, the euro was the weakest among the majors, with the market expecting the ECB to reduce interest rates by a wider margin tomorrow.
Trading as low as 1.4009 in Asian trading, the pair recovered and then consolidated in early European hours and is now at 1.4147. We are sellers at the 1.4190 level in today's trading and expect the recent lows slightly above the 1.4000 level to be tested again.
- Plan denied − Politics reign − Accusations Fly by Jerry Furst, Director at Investors Education Network
- Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Currency Technical Report − Euro posted one of its biggest one day drops in history by FXGreece
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Daily Currency Market Focus − Quarter End Flows Drives US Dollar Higher by GFT (Global Forex Trading)
Forex Technical Report − USDCHF Trading Higher by ForexHound.com
Currency on the Day − EUR/USD by Forex−Trends.com
Weekly Outlook
Long Term Forex Analysis − USDCAD rebounds sharply from 1.0297 by ForexCycle.com
Forex Analysts' Blog
Month beginning expected moves… by Dr. S. Sivaraman, of i−knowindices.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades below pivot level 1.4179
10/01/2008 10:29 GMT - GBP/USD
- Continues to trade around opening price level 1.7805 , below pivot level 1.7893
10/01/2008 10:29 GMT - USD/CHF
- Trades above pivot level 1.1117
10/01/2008 10:30 GMT - USD/JPY
- Continues to trade around opening price level 106.11 , above pivot level 105.38
10/01/2008 10:30 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, GFT (Global Forex Trading), Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Oct 1 | 14:00 | ISM Manufacturing | 49.5 | 49.9 |
Trading News Report - US ISM Manufacturing on Tap − Will the Dollar Give Back? by FXCM
The ISM manufacturing index is expected to fall to 49.5 from 49.9 in August, and may weigh on the U.S. dollar as the growth outlook for the world's largest economy turns bleak.
[ Full Story ]Top Market Movers Review
EMU UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 1 | 09:00 | Unemployment Rate | 7.5% | 7.3% | 7.4% |
DATA SNAP: Euro−Zone Jobless Rate Rose To 7.5% In Aug (Dow Jones)
The rate of unemployment in the 15 countries that use the euro rose in August as tightening credit conditions and weakening confidence led businesses to cut costs.
[ Full Story ]- Read the Employment data at Eurostat
- UPDATE: Euro−Zone Jobless Rate Rose To 7.5% In Aug (Dow Jones)
- INSTANT VIEW 1−Euro zone Aug unemployment rises to 7.5 pct (Thomson Financial News)
- Euro zone unemployment rises unexpectedly in August (Thomson Financial News)
EMU economic indicators - Harmonized EMU unemployment rate by BHF−Bank
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 1 | 08:00 | Purchasing Manager Index Manufacturing | 45.0 | 45.3 | 47.6 |
Euro−Zone Sep Mfg PMI Contracts For 4th Straight Month (Dow Jones)
Manufacturing activity in the euro zone contracted for the fourth straight month in September, as output shrank faster than expected in Germany, France, Italy and Spain. The PMI for the euro zone's factory sector fell to 45.0 in September from 47.6 in August, market sources said Wednesday, below expectations for a drop to 45.3.
[ Full Story ]- NTC Economics homepage
- UPDATE: Euro−Zone Mfg PMI 45.0 In Sep; Weaker Than Forecast (Dow Jones)
- POLL−Euro zone manufacturing PMI nears 7−year low (Thomson Financial News)
- INSTANT VIEW 1−Eurozone Sept factory PMI revised down −Markit (Thomson Financial News)
EMU economic indicators - No PMI revisions by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 1 | 08:00 | EMU | Purchasing Manager Index Manufacturing (Sep) | 45.0 | 45.3 | 47.6 |
| 08:30 | UK | Index of Services (Jul) | 0.6% | 0.2% | ||
| 08:30 | UK | Purchasing Manager Index Manufacturing (Sep) | 41.0 | 45.0 | 45.9 | |
| 09:00 | EMU | ECB Trichet's Speech | ||||
| 09:00 | EMU | Unemployment Rate (Aug) | 7.5% | 7.3% | 7.4% |
|
| 11:00 | US | MBA Mortgage Applications (Sep 26) | -23.0% | -10.6% | ||
| 12:15 | US | ADP Employment Change (Sep) | -50K | -33K | ||
| 14:00 | US | Construction Spending (MoM) (Sep) | -0.5% | -0.6% | ||
| 14:00 | US | ISM Manufacturing (Sep) | 49.5 | 49.9 | ||
| 23:30 | JP | Monetary Base (YoY) (Sep) | -0.2% | |||