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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
The Advisor Blog: Eur/Usd intraday by Valeria Bednarik
No matter how big the chart is, I can't find still a decent bottom for the pair. My first target zone around 1.29 was passed trough without too much noise, and around actual price...
FX Market Readings: Expected market moves for week end by Dr. S. Sivaraman
FxBootcamp: Pre London Outlook October 24th 2008 by Wayne McDonell
Live Sessions Schedule
FX Market Pulse
Expert: Raghee Horner
Start: Fri, Oct 24, 13:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Oct 24, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 24, 12:30 GMT | Dan Blystone's Daily Briefing  | Dan Blystone | WBN |  |
| Fri, Oct 24, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Oct 24, 14:00 GMT | Banging around the Bands | Chris Capre | WBN | |
| Fri, Oct 24, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
USD/JPY
Daily Forex News − Forex − Dollar and Yen are surging as investors sharply reduced riskier assets by ACM − Advanced Currency Markets
UsdJpy Market broke down the lower trendline on September−October downtrend accelerating drop to 92.77 low this morning. Further pressure might open the way down to 96.00 Nov 1994 and 79.70 April 1995 low. On the upside, only a recovery over 103 upper trendline and 105 pivot point will put focus again on 108 and 110.67 15th August high.
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
The Advisor Weblog − Eur/Usd intraday by Valeria Bednarik, analyst and foreign manager at MolFX − Management
Forex Technical Report - EURUSD At Support
Currencies at a glance
- EUR/USD
- Continues to moves downward with low volatility. Support is seen at 1.2719 while resistance is seen at 1.2946.
10/24/2008 06:39 GMT - GBP/USD
- Slides gradually with moderate volatility. Immediate support is seen at 1.5734. MAs are declining gradually.
10/24/2008 06:40 GMT - USD/CHF
- Moves upward with low volatility. Support is seen at 1.1582 while resistance is at 1.1738.
10/24/2008 06:41 GMT - USD/JPY
- Continues to move downward with low volatility Support is seen at 94.00. Intraday resistance is seen at 96.86.
10/24/2008 06:43 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
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 24 | 14:00 | Existing Home Sales | 497.00M | 4.91M |
| Oct 24 | 14:00 | Existing Home Sales (MoM) | 1.2% | -2.2% |
US economic indicators - Existing home sales (Sep): stabilization on a very low level by BHF−Bank
Thus the index reached its highest level since June 2007, which indicates that home sales could soon be bottoming out, and existing home sales could have risen to 5.05m in September. However, partly due to the large amount of foreclosures, the stock of existing homes for sale remains elevated. We therefore expect median home prices to continue their downward trend.
[ Full Story ]Top Market Movers Review
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 24 | 08:30 | Gross Domestic Product (YoY) | 0.3% | 0.5% | 1.5% |
| Oct 24 | 08:30 | Gross Domestic Product (QoQ) | -0.5% | -0.2% | 0.0% |
DATA SNAP: UK 3Q GDP −0.5% QQ; 1st Contraction Since 1992 (Dow Jones)
The U.K. became the latest developed nation to experience an economic contraction, with output falling much more than expected in the third quarter.
[ Full Story ]- Read the GDP data at National Statistics
- UK gilts surge, GDP data boosts recession fears (Thomson Financial News)
- UPDATE 1−UK economy shrinks more than expected in Q3 (Thomson Financial News)
- UPDATE: UK 3Q GDP −0.5% QQ; 1st Contraction Since 1992 (Dow Jones)
Daily Forex Technical Report − Yen Dominates Risk Averse Markets by ActionForex.com
Trading News Report - U.K. GDP on Tap − Will the Pound Plunge Further? by FXCM
Daily Market Briefing - Euro, British Pound Show Signs of Bottoming − UK GDP Provides Heavy Event Risk by FXCM
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 24 | 08:00 | Purchasing Manager Index Manufacturing | 41.3 | 44.0 | 45.0 |
| Oct 24 | 08:00 | Purchasing Manager Index Services | 46.9 | 47.0 | 48.4 |
Euro−Zone Oct Composite PMI 44.8 Vs 46.9 In Sep − Sources (Dow Jones)
Activity in the euro−zone economy contracted in line with expectations in October, although the performance of the manufacturing sector was weaker than expected, data showed Friday.
[ Full Story ]- NTC Economics homepage
- UPDATE: Euro−Zone Composite PMI Plummets To Record Low In Oct (Dow Jones)
- INSTANT VIEW 4−Euro zone PMIs show record lows on orders, moral (Thomson Financial News)
- INSTANT VIEW 2−Euro zone PMIs show record lows on orders, morale (Thomson Financial News)
Morning Report - US initial jobless claims rose 15k to 478kIn its monetary policy report, the Bank of CanadaEuropean industrial orders fell 1.2% in AugustEuropean business confidence falling by Westpac Institutional Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 24 | 08:30 | UK | Gross Domestic Product (QoQ) (3Q)  | -0.5% | -0.2% | 0.0% |
| 08:30 | UK | Index of Services (Aug) | -0.3% | -0.1% | -0.1% |
|
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Sep) | 0.4% | 0.3% | 0.3% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Sep) | 1.7% | 1.7% | 1.7% | |
| 11:00 | CA | Consumer Price Index (MoM) (Sep) | 0.1% | -0.2% | -0.2% | |
| 11:00 | CA | Consumer Price Index (YoY) (Sep) | 3.4% | 3.3% | 3.5% | |
| 14:00 | US | Existing Home Sales (Sep) | 497.00M | 4.91M | ||
| 14:00 | US | Existing Home Sales (MoM) (Sep) | 1.2% | -2.2% | ||
| Oct 26 | 23:50 | JP | Corporate Service Price (YoY) (Sep) | 1.4% | ||
| Oct 27 | 06:00 | DE | Consumer Price Index (MoM) (Oct) | -0.1% | ||