Monday, Oct 06, 11:03 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: What may we expect for the rest of the year? by Adam Rosen
- Special Coverage - Will there be a European Bailout plan? 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 cities 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
The American House of Representatives finally approve the bailout plan last Friday... and market react in consequence: trading desk are quickly leaving all risky positions (finding refugee in Japanese Yen that breaks higher all across the board, finally out of these last days range).
1st on Forex: The Week Ahead − EU Leaders Discuss Crisis − G7 Meets − Calendar − Webinar by Jerry Furst
Chartology: Guest Post: "You…Me…The "Two W's" ….and Expectation" by CVJ by Raghee Horner
Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, Oct 6, 12:30 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 6, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 6, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Oct 6, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Mon, Oct 6, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Oct 6, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe − U.S.
EUR/USD
FX daily Commentary −Euro Continues to Deteriorate Against the Dollar! by FXGreece
The week starts with euro weakness all across the board and especially against the dollar, after the pair opened on Sunday night at 1.3630 from 1.3780 Friday close. The Euro extended its losses during Asia and continues till now to trade on the downside breaking important support level of 1.3580 and printing new multi year low at 1.3540.
The fact that US government accepted the $700Billion rescue plan, after weeks of discussions, combined with the recent negative sentiment regarding the European Economy, are the main reasons why the European currency seems to suffer. Let's not forget that Trichets speech after the meeting last week basically gave the green light for rate cuts due to the slowing of the economy and easing inflationary pressures.
- What may we expect for the rest of the year? by Adam Rosen, CEO and Co−Founder at 4xLounge
- 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:
Daily Trading Forecast − Greenback Steady, Some Correction Moves by Swiss e Trade AG
FX Strategy − Factors affecting DKK by Danske Bank A/S
Currency on the Day − EUR/USD by Forex−Trends.com
Bank's Analysis
Today's Technical Trading Points by Danske Bank A/S
Weekly Outlook
Weekly Review and Outlook − Bailout Plan Approved but Investors Unconvinced, Risk Aversion Dominates by ActionForex.com
Weekly Market Commentary − Counterparty risk is at the core of current woes by Mizuho Corporate Bank
Forex Analysts' Blog
Panic reactions by Dr. S. Sivaraman, of i−knowindices.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Signals
Daily FX Forecast by S.A.F.E. Ltd
Majors at a Glance
- EUR/USD
- Trades below second support level 1.3599
10/06/2008 10:16 GMT - GBP/USD
- Continues to trade around first support level 1.7591
10/06/2008 10:18 GMT - USD/CHF
- Continues to move up towards second resistant level 1.1479
10/06/2008 10:18 GMT - USD/JPY
- Trades below second support level 103.64
10/06/2008 10:19 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
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 7 | 05:00 | BoJ Interest Rate Decision | - | 0.5% |
UPDATE − Japan econ min sceptical of any BOJ rate cut impact (Thomson Financial News)
Japan's economics minister questioned the effectiveness of any interest rate cut by the Bank of Japan on Friday, downplaying market speculation of joint rate cuts by major central banks amid worsening financial turmoil.
[ Full Story ]- JGBs climb as BOJ rate cut expectations grow (Thomson Financial News)
- Japan Outlook: BOJ 2−Day Policy Board Meeting Begins (Dow Jones)
Top Market Movers Review
EMU SENTIX INVESTOR CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 6 | 08:30 | Sentix Investor Confidence | -27.8 | - | -20.2 |
Sentix Sept euro zone sentiment index at record low (Thomson Financial News)
Investor sentiment in the 15−nation euro area fell to its lowest level on record in October, dragged down by concerns about the global financial crisis, the Sentix group said on Monday.
[ Full Story ]- Read the Confidence data at Sentix [text in German]
- EU Sentix Investor Confidence Index dips to −27.8 in Oct vs −20.2 in Sept (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 6 | 08:30 | EMU | Sentix Investor Confidence (Oct) | -27.8 | -20.2 | |
| 12:30 | CA | Building Permits (MoM) (Aug) | -1.4% | 1.8% | ||
| 14:00 | CA | Ivey Purchasing Managers Index (Sep) | 51.0 | 51.5 | ||
| 21:00 | NZ | NZIER Business Confidence (3Q) | -64 | |||
| 23:01 | UK | NIESR GDP Estimate (Sep) | -0.2% | |||
| Oct 7 | 03:30 | AU | RBA Interest Rate Decision | 6.5% | 7.0% | |
| 05:00 | JP | BoJ Interest Rate Decision | 0.5% | |||
| 05:00 | JP | Coincident Index (Aug)  | 103.5% | 103.5% | ||
| 05:00 | JP | Leading Economic Index (Aug) | 89.2 | 91.4 | ||
| 08:30 | UK | Industrial Production (MoM) (Aug) | -0.2% | -0.4% | ||