Thursday, Oct 02, 10:53 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Risk Management by Valeria Bednarik
- Central Banks: ECB - Preview of Oct 2 Meeting by FXstreet.com
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ITC: Last Call Offer − Register deadline is October 10!
The ITC will take place in Barcelona, Woody Allen's favourite destination! by FXstreet.com
Come and enjoy the FXstreet.com International Traders Conference in one of the most exciting city of the world, Barcelona. Meet and learn from the best FX experts at the ITC, while you can visit this unequivocally Mediterranean city.
Barcelona offers you history, culture and leisure and will surely make of your stay an unforgettable experience.
Forex Blogs
The Advisor Blog: Starting the day by Valeria Bednarik
Hi everybody hope you are fine. Well, the U.S. senate approved the bank bailout package (still waiting for the final approval tomorrow at the House of representatives) pushing dollar higher.
FX Market Readings: EURO and GBP are expected to firm up for new story by Dr. S. Sivaraman
FxBootcamp: Forex Video | News Trade Alert | October 2, 2008 by Wayne McDonell
Live Sessions Schedule
What may we expect for the rest of the year?
Expert: Adam Rosen
Start: Thu, Oct 2, 12:30 GMT
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Oct 2, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 2, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Oct 2, 12:30 GMT | What may we expect for the rest of the year? | Adam Rosen | WBN |  |
| Thu, Oct 2, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Oct 2, 16:00 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Technical Strategist − EURUSD: Decisive Break and Close Below The 1.3882 Level To Expose The 1.3852 And Beyond by FXTechstrategy
EUR was seen weakening through its YTD low at 1.3882 in early morning trading today. This is coming on the back of its Wednesday losses following its recent recovery failure at the 1.4867 level on Sept 22'08.Convincingly taking out the 1.3882 level will pave the way for a run at the 1.3852 level, its July'07 high followed by its April'07 high at 1.3682 and then its Dec'04 high/August'07 low at 1.3366/61.This view remains in alignment with its medium term weakness of the 1.6038 level as well as its bearish daily studies. Resistance levels reside at the 1.4015 level, its Oct'07 low followed by its Sept 16'08 low at 1.4073 low with a turn above the latter setting the stage for a move towards the 1.4366/10 zone, its Jan'08/Dec'07 lows at first and later the 1.4542/71 zone, its Aug 26'08/Sept 18'08 lows.
- 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:
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Currency on the Day − EUR/USD by Forex−Trends.com
Currency Technical Report − Euro's decline continues and previous lows are being tested by FXGreece
Weekly Outlook
Weekly Forex Focus by Trading Central
Monthly Outlook
Monthly Technical Outlook − Monthly Technical Outlook by Mizuho Corporate Bank
Forex Analysts' Blog
EURO and GBP are expected to firm up for new story by Dr. S. Sivaraman, of i−knowindices.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Signals
Daily Scalping Tip by PipsandTips.com
Majors at a Glance
- EUR/USD
- Trades around first support level 1.3931
10/02/2008 09:56 GMT - GBP/USD
- Stays below pivot level 1.7734
10/02/2008 09:56 GMT - USD/CHF
- Moves up around first resistant level 1.1315
10/02/2008 09:56 GMT - USD/JPY
- Trades below pivot level 105.86
10/02/2008 09:57 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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 2 | 12:30 | ECB Trichet's Speech | - | - |
| Oct 2 | 11:45 | ECB Interest Rate Decision | 4.25% | 4.25% |
Central Banks: ECB - Preview of Oct 2 Meeting by FXstreet.com
ECB's Monetary Policy Committee is expected to keep rates on hold at 4,25% later today among fears of financial crisis spreading into Europe, which have increased considerably the odds for a rate cut before the end of the year.
- FACTBOX−ECB policymakers' recent rate comments (Thomson Financial News)
- FOREX−Dlr rides higher on Senate vote, ECB in spotlight (Thomson Financial News)
FX daily Commentary - Will Trichet "Save" Euros Fate or is it All Doom and Gloom? by FXGreece
ECB: Preview of meeting on October 2 by Danske Bank A/S
Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 2 | 09:00 | Producer Price Index (YoY) | 8.5% | 8.5% | 9.0% |
| Oct 2 | 09:00 | Producer Price Index (MoM) | -0.5% | -0.5% | 1.1% |
Euro Zone producer prices moderate in August on lower energy prices (FXstreet.com)
Inflation at producer level seem to have peaked some months ago and is starting to withdraw, as oil and energy prices moderate, as the latest Producer Price Index by Eurostat shows.
[ Full Story ]- Read the PPI data at Eurostat
- UPDATE 1−Cheaper energy triggers fall in Aug euro zone PPI (Thomson Financial News)
- Cheaper energy triggers fall in Aug euro zone PPI (Thomson Financial News)
- EU Producer Price Index declines 0.5% in Aug; 8.5% up year on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 2 | 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Sep) | -12.4% | -12.6% | -10.5% |
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Aug) | -1.7% | -1.7% | -1.9% | |
| 08:30 | UK | Bank of England Credit Conditions Report (2Q) | ||||
| 08:30 | UK | PMI Construction (Sep) | 38.8 | 40.5 | ||
| 09:00 | EMU | Producer Price Index (MoM) (Aug) | -0.5% | -0.5% | 1.1% | |
| 09:00 | EMU | Producer Price Index (YoY) (Aug) | 8.5% | 8.5% | 9.0% | |
| 11:45 | EMU | ECB Interest Rate Decision | 4.25% | 4.25% | ||
| 12:30 | US | Continuing Jobless Claims (Sep 20) | 3540K | 3542K | ||
| 12:30 | EMU | ECB Trichet's Speech | ||||
| 12:30 | US | Initial Jobless Claims (Sep 27) | 480K | 493K | ||