Friday, Oct 17, 11:00 GMT
U.S. Trading Newsletter
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- Webinar Videos: Conventional Chart Patterns and Forex by Sam Seiden
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Check out the new CAG!
The currencies revolution arrives at FXstreet.com
New Currencies at a Glance with all the technical studies you need for your trading plan. Review the market info of the top 31 currency pairs including the hottest pairs of the past week: EUR/USD, GBP/USD, USD/JPY and EUR/CHF.
Moreover data such as live market quotes, forecast, analysts comments, breaking stories and Economic Calendar can be extremely efficient tools for your trading plan.
DISCOVER THE NEW CAG
Forex Blogs
FX Market Readings: Week end expected moves by Dr. S. Sivaraman
Players made the higher level swings for two days during this week beginning and for another two days lower level swings for those who bought at higher levels during rise to sell nervously, and for week end they intend to slowly swing and rise.
FxBootcamp: Pre London Outlook October 17th 2008 by Wayne McDonell
Chartology: Another look at the cable by Raghee Horner
Live Sessions Schedule
FX Market Pulse
Expert: Raghee Horner
Start: Fri, Oct 17, 13:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Oct 17, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 17, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Fri, Oct 17, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Fri, Oct 17, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Oct 17, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
USD/JPY
Daily Forex News − Forex − Dollar rose against the Yen boosted by higher US stocks by ACM − Advanced Currency Markets
Downtrend started in September is still running and hit 97.91 low last Friday. Tuesday market 103.07 rebound marks initial resistance. On the further upside, recovery over 105 pivot point will put focus again on 108 and 110.67 15th August high. On the downside, renewed pressure may open the way to 95.75 17th March low. Current downtrend will stand below 103 upper trendline resistance.
- Sneak preview of the Live Technical Analysis Workshop in Barcelona, Spain Sunil Mangwani, CEO at FibForex123.
- 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 − Volatilty Shrinks in Major Pairs by Swiss e Trade AG
Daily Analysis − Dollar down before consumer and housing reports by Finotec Group Inc.
Currency Technical Report − Currency Technical Report by FXGreece
Daily FX Report − The USD holds steady against the EUR by Varengold Wertpapierhandelsbank AG
Weekly Outlook
Trading News Report − U. of Michigan Consumer Confidence Expected to Fall − Will It Drag on the Dollar? by FXCM
Analysts' Blogs
Currency Correlations by Wayne McDonell, FxBootcamp.com
Currency performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Signals
Support, Resistance and Range Forecast by AceTrader
Currencies at a glance
- EUR/USD
- Moves sideways with low volatility. Intra resistance is seen at 1.3538 while ijmmeidate support is seen at 1.3416.
10/17/2008 08:56 GMT - GBP/USD
- Bounces back at 1.7248. Intra resistance is seen at 1.7383.
10/17/2008 08:59 GMT - USD/CHF
- Continues to move sideways above support level at 1.1319. Intra resistance is seen at 1.1395
10/17/2008 09:06 GMT - USD/JPY
- Rises gradually after hitting support at 100.88. Intra resistance is seen at 101.84.
10/17/2008 09:11 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Danske Bank A/S, FXstreet.com, GFT (Global Forex Trading)
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US HOUSING STARTS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 17 | 12:30 | Building Permits (MoM) | 0.840M | 0.854M |
| Oct 17 | 12:30 | Housing Starts (YoY) | 0.878M | 0.895M |
US economic indicators - Housing starts and building permits fell much more markedly than expected in August, by 6.2% mom and 8.5% respectively by BHF−Bank
The downward trend does not seem to have come to an end, but we forecast only slight further decreases in September: housing starts could have gone down from 895k to 890k, and building permits from 857k to 850k.
[ Full Story ]- TREASURIES−Bonds gain before U.S. housing, consumer data (Thomson Financial News)
Top Market Movers Review
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 17 | 09:00 | Trade Balance n.s.a. | -€9.3 | - | -€2.0 |
| Oct 17 | 09:00 | Trade Balance s.a. | -€6.1 | - | -€6.7B |
Euro Area's trade deficit widened in August (FXstreet.com)
Euro Zone's goods and services trade deficit with the rest of the world has increased above expectations in August, with imports increasing and exports declining compared to the previous month, as the latest report by Eurostat shows.
[ Full Story ]- Read the Trade Balance data at Eurostat
- Euro zone swings to wide trade deficit in August (Thomson Financial News)
- TABLE−Euro zone Aug trade deficit 9.3 bln euros (Thomson Financial News)
- EU Aug Trade deficit rises to 9.3B in Aug from 2B in Jul (FXstreet.com)
EMU economic indicators - Likely to have worsened by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 16 | 14:00 | US | Philadelphia Fed Manufacturing Survey (Oct) | -37.5 | -9.4 | 3.8 |
| 17:00 | US | NAHB Housing Market Index (Oct) | 14 | 17 | 18 | |
| 23:50 | JP | Tertiary Industry Index (MoM) (Sep) | -1.4% | -0.8% | 1.2% | |
| Oct 17 | 01:30 | AU | Import Price Index (QoQ) (2Q) | 5.0% | 1.4% | |
| 09:00 | EMU | Trade Balance n.s.a. (Aug) | €-9.3 | -€2.0 |
||
| 09:00 | EMU | Trade Balance s.a. (Aug) | €-6.1 | -€6.7B |
||
| 12:30 | US | Building Permits (MoM) (Sep) | 0.840M | 0.854M | ||
| 12:30 | US | Housing Starts (YoY) (Sep) | 0.878M | 0.895M | ||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Oct)  | 67.0 | 70.3 | ||
| Oct 19 | 23:01 | UK | Rightmove House Price Index (MoM) (Oct) | -1% | ||