Monday, Oct 27, 12:14 GMT
U.S. Trading Newsletter
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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
FX Market Readings: Big moves again for week beginning by Dr. S. Sivaraman
EURO and GBP firmed up for week end to fall again for week beginning.As the spreads are increasing the jumps are rather wild in all markets. It is last week of the month and also a week before US elections. Players are expected to make wild moves using various excuses.
The Advisor Blog: Starting the day by Valeria Bednarik
FxBootcamp: Pre London Outlook October 27th 2008 by Wayne McDonell
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 27, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Oct 27, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 27, 12:00 GMT | Bollinger Bands and RSI  | Valeria Bednarik | WBN |  |
| Mon, Oct 27, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Mon, Oct 27, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Oct 27, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
Current Session: Europe − U.S.
USD/JPY
Daily Trading Forecast − Euro: Like it Was a Hot Potato by Swiss e Trade AG
For today's trading, we expect further calming of the current buying binge in the dollar, but still reckon with downside risk in the GBP and EUR pairs. There, a real upward correction will most probably not set in before further substantial interest rate cuts have become a fact. Note the 15:00 CET data release of U.S. new home sales for September, where an improvement is expected.
Again, the dollar was in a downmove against the yen in Asian trading. Currently trading at 92.41, the downmove seems to be continuing. We expect the testing of the 91.00 level in today's trading.
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 FX Report - The USD/JPY is up to 94.13 after touching a day−low at 91.88 and a peak of 94.48 by Varengold Bank Research Team
Weekly Outlook
Weekly Review and Outlook − FOMC and US GDP in Focus after a Historical Week by ActionForex.com Team
- EUR/USD
- Continues to moves downward with low volatility. Support is seen at 1.2330 while resistance is seen at 1.2718.
10/27/2008 07:39 GMT - GBP/USD
- Slides gradually with moderate volatility. Immediate support is seen at 1.5386. MAs are declining gradually.
10/27/2008 07:40 GMT - USD/CHF
- Moves upward with low volatility. Support is seen at 1.1582 while resistance is at 1.1750.
10/27/2008 07:41 GMT - USD/JPY
- Continues to move downward with low volatility Support is seen at 91.81. Intraday resistance is seen at 94.91.
10/27/2008 07:42 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 NEW HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 27 | 14:00 | New Home Sales | 455K | 460K |
| Oct 27 | 14:00 | New Home Sales (MoM) | -1.1% | -11.5% |
Friday Notes - Builders see nothing but gloomy prospects by HVB Group
The latest National Association of Home Builders, NAHB, Housing Market Index was reported last week. It came in at a pitiful 14, a new record low. Buyer traffic and expected demand both sank. The gloomy assessment of current conditions points to another substantial drop in new single family home sales in September.
[ Full Story ]Top Market Movers Review
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 27 | 09:00 | IFO − Expectations | 81.4 | 85.0 | 86.5 |
| Oct 27 | 09:00 | IFO − Business Climate | 90.2 | 91.0 | 92.9 |
German Ifo Business Climate Index dips lower in September, economic expectations plunge (FXstreet.com)
Business climate has worsened somewhat sharper than expected in Germany in September for their fifth consecutive month, while the economic expectations have slumped considerably from September, according to data released by the Ifo Institute for Economic Studies.
[ Full Story ]- Read the Survey at Ifo Institute
- INSTANT VIEW 5−Ifo index falls more than expected in Oct (Thomson Financial News)
- INSTANT VIEW 3−Ifo index falls more than expected in Oct (Thomson Financial News)
- UPDATE 1−German business morale drops to 5−1/2 year low (Thomson Financial News)
Daily Forex Technical Report − Yen Intervention Talk Builds Up by ActionForex.com
Trading News Report - EURUSD: German Business Sentiment Expected to Falter − Can the Euro Hold Its Ground? by FXCM
Friday Notes - Strong deterioration in business sentiment by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 26 | 23:50 | JP | Corporate Service Price (YoY) (Sep) | 0.1% | 1.4% | |
| Oct 27 | 09:00 | DE | IFO − Business Climate (Oct) | 90.2 | 91.0 | 92.9 |
| 09:00 | DE | IFO − Expectations (Oct) | 81.4 | 85.0 | 86.5 | |
| 09:00 | EMU | M3 (YoY) (Sep) | 8.6% | 8.5% | 8.8% | |
| 14:00 | US | New Home Sales (Sep) | 455K | 460K | ||
| 14:00 | US | New Home Sales (MoM) (Sep) | -1.1% | -11.5% | ||
| 14:00 | US | Treasury Secretary Paulson speech | ||||
| 23:50 | JP | Large Retailer's Sales (Sep) | -2.7% | -2.2% | ||
| 23:50 | JP | Retail Trade (YoY) (Sep) | 0.0% | 0.7% | ||
| 23:50 | JP | Retail Trade s.a (MoM) (Sep) | -0.2% | 0.7% | ||