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Forex Blogs
FX Market Readings: week end moves by Dr. S. Sivaraman
There is low liquidity prevail in the market leading to huge drops and big moves. As explained earlier less drop in EURO and more drop in GBP are seen for beginning of the (week end) day.
FxBootcamp: Forex Video | News Trade Alert | October 10, 2008 by Wayne McDonell
Live Sessions Schedule
FX Market Pulse
Expert: Raghee Horner
Start: Fri, Oct 10, 13:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Oct 10, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 10, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Oct 10, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Fri, Oct 10, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Oct 10, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
USD/CHF
Daily Trading Forecast − More Stop Loss Buying for the USD by Swiss e Trade AG
In Asian and early European trading, the USD was buoyed again by stop loss buying forces, triggered by the release of an ugly German industry new orders statistics for June 2008 yesterday.
The dollar quickly tested the 1.1180 support level against the Swiss franc in late Asian hours, currently recovering in early European trading to now 1.1205. We see the recovery move continuing, but being limited at 1.1235, and the support level 1.1180 eventually broken on the downside to next support at 1.1145.
- Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com − Management
- 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 Technical Strategist − EURUSD: Failure Ahead of The 1.3852/82 zone Suggests A Retest of The 1.3443 Level by FXTechstrategy
Currency on the Day − EUR/USD by Forex−Trends.com
DaiForex Technical Report − USDCHF Triangle by ForexHound.com
Currency Technical Report − Currency Technical Report by FXGreece
Banks' Analysis
Daily Technical Analysis − EUR: Possibly attempt tiny longs at 1.3525; stop below 1.3400 by Mizuho Corporate Bank
Weekly Outlook
Technical analysis: EuroDollar Futures − Eurodollar Future – Dec 2008 by Mizuho Corporate Bank
Analysts' Blogs
Week end moves by Dr. S. Sivaraman, of i−knowindices.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 10 | 12:30 | Trade Balance | -$59.3B | -$62.2B |
US economic indicators - Trade balance (August): narrower deficit due to oil price correction by BHF−Bank
The total trade deficit rose from –$58.8bn to –$62.2bn in July, but this was an oil−related surge, because the deficit ex petroleum fell to the lowest level since the beginning of 2001. Given the drop in import prices by 3.7% mom, we forecast that the trade deficit will have fallen sharply to about –$58.5bn in August.
[ Full Story ]Top Market Movers Review
Canada UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 10 | 11:00 | Unemployment Rate | 6.1% | 6.2% | 6.1% |
| Oct 10 | 11:00 | Net Change in Employment | 106.9K | 12.5K | 15.2K |
Canadian employment rose in September, Unemployment rate, steady at 6.1% (FXstreet.com)
Canada posted a considerable increase in employment in September, after a slight increase in August and a decline in July, while the unemployment rate remained unchanged at 6.1%, according to data released by Statistics Canada.
[ Full Story ]- Read the Employment data at Statistics Canada
- Canada Unemployment Rate stays unchanged at 6.1% in Sep (FXstreet.com)
- Canada dollar slides on uncertainty ahead of data (Thomson Financial News)
Switzerland UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 10 | 05:45 | Unemployment Rate | 2.4% | 2.4% | 2.4% |
| Oct 10 | 05:45 | Unemployment Rate s.a. | 2.6% | 2.5% | 2.5% |
Swiss unemployment ticks up, adds to economy woes (Thomson Financial News)
Swiss unemployment edged up unexpectedly in September, highlighting the risk that consumer spending −− the last pillar of Swiss economic growth −− might start to falter. The unemployment rate ticked up to 2.6 percent from 2.5 percent when adjusted for seasonal swings, the State Secretariat for Economic Affairs (SECO) said on Friday.
[ Full Story ]- Read the unemployment data at SECO
- Switzerland Unemployment Rate s.a. edges up to 2.6% in Sep (FXstreet.com)
- TABLE−Swiss unadj. jobless rate stable at 2.4 pct in Sept (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 10 | 00:00 | G7 Meeting | ||||
| 05:00 | IN | RBI Interest Rate Decision | 7.5% | 8.5% | ||
| 05:45 | CH | Unemployment Rate (Sep) | 2.4% | 2.4% | 2.4% | |
| 05:45 | CH | Unemployment Rate s.a. (Sep) | 2.6% | 2.5% | 2.5% | |
| 11:00 | CA | Net Change in Employment (Sep) | 106.9K | 12.5K | 15.2K | |
| 11:00 | CA | Unemployment Rate (Sep) | 6.1% | 6.2% | 6.1% | |
| 12:30 | US | Import Price Index (MoM) (Sep) | -2.5% | -3.7% | ||
| 12:30 | US | Import Price Index (YoY) (Sep) | 16% | |||
| 12:30 | CA | International Merchandise Trade (Aug) | $4.7B | $4.9B | ||
| 12:30 | CA | New Housing Price Index (YoY) (Aug) | 0.0% | 2.7% | ||