Tuesday, Oct 21, 11:14 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.
DISCOVER THE NEW CAG
Forex Blogs
The Advisor Blog: Starting the day by Valeria Bednarik
Hello everybody hope you are fine. Greenbank is back, leading the market with Japanese yen, after FED's President, Ben Bernanke said they are ready to do what it takes to limit any further slowdown; meaning sentiment ruling market again, as investors understood the U.S. may recover from the global economic slowdown quicker than other countries.
The Trader's Edge: CHF/JPY Trade Set Up by Ross Yamashita
FX Market Readings: Where the market is heading? by Dr. S. Sivaraman
Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Tue, Oct 21, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Oct 21, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 21, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Oct 21, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Oct 21, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Tue, Oct 21, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Forex News − Forex − Dollar rallied after Bernanke's testimony before Congress by ACM − Advanced Currency Markets
The Dollar rallied on Monday despite an improvement in risk appetite and a drop in interbank lending rates as companies bought the US currency to meet their operational needs.
GbpUsd In the last two weeks, Market dropped as low as 1.6786 strong support. It recovered last Tuesday at 1.7631 high. Trading range holds 1.6786 − 1.7631. On the upside, strong resistance holds 1.7697 last weeks high ahead of 1.8304 former support. But renewed downtrend may look for 1.6568 November 2003 low and 61.8% retracement of 1.3682–2.1161 advances). Following supports are 1.4560 trendline and 1.3682 March 2001 low.
- 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:
Daily Trading Forecast − Another Upleg for the Greenback by Swiss e Trade AG
Forex Technical Report − USDCHF Pushed Above 1.1485 by ForexHound.com
Currency on the Day − EUR/USD by Forex−Trends.com
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Weekly Outlook
Weekly Technical Commentary by Mizuho Corporate Bank
Weekly Update − The peso began last week at a three−week low of 12.25 vs. USD by Union Bank of California
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Signals
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a glance
- EUR/USD
- Declines gradually with low volatility. Dynamic support is seen at 1.3090, while resistance is seen at 1.3360.
10/21/2008 11:01 GMT - GBP/USD
- Moves down with low volatility. Immediate support is seen at 1.6989, while intra resistance is seen at 1.7200.
10/21/2008 11:02 GMT - USD/CHF
- Continues to move upwards with low volatility. MAs are rising gradually.
10/21/2008 11:04 GMT - USD/JPY
- Moves downwards with low volatility. Support is seen at 100.56 while intraday resistance is seen at 102.42.
10/21/2008 11:05 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
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 21 | 13:00 | BoC Interest Rate Decision | 2.0% | 2.5% |
Trading News Report - Canadian Dollar: BoC Expected to Cut 50bp − Can the Loonie Hold Its Ground? by FXCM
The Bank of Canada is widely expected to lower the benchmark interest rate by another 50bp to 2.00% following the unexpected rate cut on October 8th. The coordinated rate cut initiated by the FOMC earlier this month paired with the downturn in the financial market has certainly increased speculation that Governor Mark Carney will ease policy further as fears of a global recession intensify.
[ Full Story ]Top Market Movers Review
UK CBI INDUSTRIAL TRENDS SURVEY − ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 21 | 10:00 | CBI Industrial Trends Survey − Orders (MoM) | -39 | -30 | -26 |
DATA SNAP: UK CBI: Oct Indus Output −31;Lowest Since Jul 1980 (Dow Jones)
U.K. industrial output slumped to the lowest level in over 28 years in October as both domestic and overseas orders have been hit by the global economic slowdown, a survey showed Tuesday.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 21 | 00:30 | AU | New Motor Vehicle Sales (MoM) (Sep) | 0.4% | -3.5% | |
| 00:30 | AU | New Motor Vehicle Sales (YoY) (Sep) | -8.2% | -7.2% | ||
| 00:30 | AU | RBA Meeting's Minutes (Oct) | ||||
| 02:00 | NZ | Credit Card Spending (Sep) | 2.7% | 2.7% |
||
| 06:15 | CH | Trade Balance (Sep) | 1.440B | 1.200B | 1.427B | |
| 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Oct) | -39 | -30 | -26 | |
| 13:00 | CA | BoC Interest Rate Decision | 2.0% | 2.5% | ||
| 19:10 | UK | BoE's Governor King Speech | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Oct 19) | -43 | |||
| 21:45 | NZ | Visitor Arrivals (Sep) | -0.5% | |||