Monday, Oct 20, 11:15 GMT
U.S. Trading Newsletter
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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.
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Forex Blogs
Forexology: Re: Comment on "Harmonics on Gold" by Sunil Mangwani
First of all, the strong moves recently in Gold certainly have been due to fundamental factors. The financial situation globally had a strong effect on the Gold prices, but in answer to your question, the technicals still work.
FX Market Readings: Week beginning expected moves... by Dr. S. Sivaraman
Forex Trading Today: Greetings and Welcome! by Tim Salem
Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, Oct 20, 12:30 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 20, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 20, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Oct 20, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Mon, Oct 20, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Oct 20, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast − USD Jogging Along Resistance Lines by Swiss e Trade AG
Narrow trading ranges in the majors have been dominating the market for 6 days now, and most probably will continue for some days to come. The USD is still consolidating its gains, repeatedly attacking the resistance lines against the majors, but to little avail so far.
The sideways trading range with a slight bid tone for the EUR / USD pair is still intact, between approximately 1.3540 and 1.3380. Currently trading at 1.3494, we expect for today another test of the upper end with resistance at 1.3540 and later again another downmove to support at 1.3400.
- From Mickey Mouse to the Federal Reserve by Jerry Furst, Director at Investors Education Network
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Forex Technical Report − GBPUSD October 20th by ForexHound.com
Daily Analysis − Japanese Yen falls against the dollar as fears ease on Bank rescues by Finotec Group Inc.
Currency on the Day − EUR/USD by Forex−Trends.com
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
Weekly Outlook
FXA Column − $/yen, more ranging but eventual new lows.... by FXA
Weekly Review and Outlook − Markets Calmed Down but the Worst is Not Over Yet by ActionForex.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Signals
Weekly Forex Signals − Trichet Urges Banks to Lend After Recovery Begins by Finotec Group Inc.
Currencies at a glance
- EUR/USD
- Moves sideways with low volatility. Intra-day support is seen at 1.3385, while immediate resistance at 1.3531.
10/20/2008 09:06 GMT - GBP/USD
- Trades above 1.7450 level with low volatility. Support is seen at 1.7350 while immediate resistance is seen at 1.7511.
10/20/2008 09:10 GMT - USD/CHF
- Continues to move sideways within a narrow range. Support is seen at 1.1288 while intra resistance is seen at 1.1395
10/20/2008 09:10 GMT - USD/JPY
- Rises gradually with low volatility. Support is seen at at 101.75, while intraday resistance is seen at 103.00.
10/20/2008 09:12 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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 20 | 14:00 | Leading Indicators (MoM) | -0.2% | -0.5% |
Friday Notes - More weakness ahead for US economy by HVB Group
September data for seven of the ten components are out. Five show declines, some steep, such as stock prices and initial claims for unemployment compensation. Only consumer expectations (U of Michigan version) and the ISM vendor deliveries index showed improvement.
[ Full Story ]Top Market Movers Review
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 20 | 08:30 | Public Sector Net Borrowing | £8.1B | £6.6B | £10.4B |
DATA SNAP: UK Government Borrowing Soars To Record For Sep (Dow Jones)
U.K. public sector net borrowing soared to a record level for the month of September, with spending outpacing receipts as the economy slowed, data from the Office for National Statistics showed Monday.
[ Full Story ]- Read the PSNB data at National Statistics
- INSTANT VIEW 3−UK PSNCR hits record high for Sept (Thomson Financial News)
- UK PSNCR hits record high for September (Thomson Financial News)
- TABLE−UK Sept PSNCR 12.646 bln stg (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 20 | 08:30 | UK | CML Gross Mortgage Lending s.a. (Sep) | £17.7B | £19.7B | |
| 08:30 | UK | M4 Money Supply (MoM) (Sep)  | 1.4% | 0.9% | 1.5% | |
| 08:30 | UK | M4 Money Supply (YoY) (Sep) | 12.2% | 11.3% | 11.5% | |
| 08:30 | UK | M4 Sterling Lending (Sep) | £30.6B | £23.4B | ||
| 08:30 | UK | Public Sector Net Borrowing (Sep) | £8.1B | £6.6B | £10.4B | |
| 09:00 | IN | RBI Interest Rate Decision | 8% | 9% | ||
| 12:30 | CA | Canadian Investment in Foreign Securities (Aug) | -$1.274B | |||
| 12:30 | CA | Foreign investment in Canadian securities (Aug) | -$5.59B | |||
| 12:30 | CA | Wholesale Sales (MoM) (Sep) | 0.3% | 2.3% | ||
| 14:00 | US | Fed's Bernanke testifies (Sep) | ||||