Wednesday, Oct 22, 11:46 GMT
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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
The Advisor Blog: Is there a floor for Europeans? by Valeria Bednarik
European majors collapsed in Asian session, with Euro reaching the 1.27 and GBP the 1.62 levels,making again dollar and Japanese Yen the overall winners. As commented after the last G7 meeting, the optimism triggered is coming to an end, as economic outlook worsen, and certain messures are not taken.
FX Market Readings: European session expected moves by Dr. S. Sivaraman
Forex Trading Today: Avoiding the Video Game Temptress by Tim Salem
Live Sessions Schedule
Main Fundamental theme in the Currency market
Expert: Terri Belkas
Start: Wed, Oct 22, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Back to Basics: MACD
Expert: Adam Rosen
Start: Wed, Oct 22, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 22, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Oct 22, 13:00 GMT | Main Fundamental theme in the Currency market | Terri Belkas | WBN | |
| Wed, Oct 22, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Oct 22, 14:00 GMT | Back to Basics: MACD | Adam Rosen | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Trading Forecast − Euro / Pound Weakest by Swiss e Trade AG
With fiscal and monetary policies both on an unprecedented scale of expansion worldwide, at the same time, it is hard to see economic contraction for long. The sputtering U.S. economic engine will probably start first, an expectation that lends the dollar its present lift. The euro and the British pound have lost 20 percent against the Greenback from their highs this year.
A new low for the year has been reached in cable this European morning, trading now at 1.6406 and recovering. We expect that recovery move to continue for a while in today's trading although not exceeding the 1.6490 level. Later, another downleg has to be counted on towards support at 1.6200.
Dow Theory principles by Valeria Bednarik, analyst and foreign manager at MolFX - 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 Forex News - Forex - Investors moved into the safe havens of the Dollar
Daily Technical Strategist - EURUSD: A Cut Through Layers Of Support Now Leaves EUR Exposed To Declines Towards The 1.2484 Level by FXTechstrategy
Forex Technical Report - EURUSD Freefall by ForexHound.com
Currency on the Day - EUR/USD by Forex-Trends.com
Weekly Outlook
Trading News Report - New Zealand Dollar: RBNZ Rate Decision on Tap - Will Governor Bollard Deliver a 100bp Rate Cut? by FXCM
Currency Performance
Action Bias Summary Table - Action Bias Summary Table
Currencies at a glance
- EUR/USD
- Bounces back sharply after hitting support at 1.2735. MAs are still declining. Resistance is seen at 1.3150.
10/22/2008 09:50 GMT - GBP/USD
- Bounces back gradually. Immediate support is seen at 1.6199, while intra resistance is seen at 1.6520.
10/22/2008 09:53 GMT - USD/CHF
- Moves down with low volatility. Support is seen at 1.1524 while resistance is at 1.1696.
10/22/2008 09:55 GMT - USD/JPY
- Continues to declines gradually with low volatility. Support is seen at 98.50 while intraday resistance is seen at 100.50.
10/22/2008 09:56 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
EMU CURRENT ACCOUNT N.S.A
| Date (GMT) | Event | Cons. | Previous | |
| Oct 23 | 08:00 | Current Account s.a | -5.0B | -1.7 |
| Oct 23 | 08:00 | Current Account n.s.a | - | -1.1 |
EMU economic indicators - The EMU current account will probably have deteriorated in August by BHF−Bank
The EMU current account will probably have deteriorated in August, like the corresponding German figure and the EMU trade balance.
[ Full Story ]Top Market Movers Review
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 22 | 08:30 | Bank of England Minutes | - | - | - |
BoE voted 9−0 for coordinated Oct rate cut (Thomson Financial News)
All nine Bank of England Monetary Policy Committee members voted for this month's globally co−ordinated 50 basis point emergency cut in interest rates, minutes of their Oct 8 meeting showed on Wednesday.
[ Full Story ]- Read the MPC Minutes at BoE
- FOCUS: BOE Agents Paint Bleak Picture Of U.K. Economy (Dow Jones)
- INSTANT VIEW 3−BoE voted unaminously for Oct rate cut (Thomson Financial News)
- INSTANT VIEW 2−BoE voted unaminously for Oct rate cut (Thomson Financial News)
Overnight Briefing - King: Recession in England seems likely by Jyske Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 21 | 23:50 | JP | All Industry Activity Index (MoM) (Aug) | -1.8% | -1.7% | 0.8% |
| Oct 22 | 00:30 | AU | Consumer Price Index (QoQ) (3Q) | 1.2% | 1.0% | 1.5% |
| 00:30 | AU | Consumer Price Index (YoY) (3Q) | 5.0% | 4.5% | ||
| 08:30 | UK | Bank of England Minutes | ||||
| 09:00 | HU | Interest Rate Decision | 11.5% | 8.5% | ||
| 11:00 | US | MBA Mortgage Applications (Oct 17) | -16.6% | 5.1% | ||
| 12:30 | CA | Leading Indicators (MoM) (Sep) | 0.1% | 0.2% | ||
| 12:30 | CA | Retail Sales (MoM) (Aug) | -0.2% | 0.1% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Aug) | 0.5% | 0.4% | ||
| 14:30 | US | EIA Crude Oil Stocks change (Oct 17) | 8.1M | |||