FOREX INFORMER - Sep 28, 2007

Friday, Sep 28, 17:17 GMT

FOREX INFORMER

The Week Ahead

The weakness of both USD and JPY becomes strongly apparent by FXstreet.com

The Japanese Economic data did not encourage the JPY. Neither, the US data gave a hand to the USD.The USD is edging down.
Will Growing Yen carry trade weaken the JPY again?
Also, will coming economic events during the Week (Oct 1st to Oct 5th) add further attack on the USD?
The week (Oct 1st to Oct 5th) has many significant events. On schedule we have German PMI, US ISM,
the RBA, the BoE and the ECB announcing their interest rate decisions,
and the big Nonfarm Payrolls (NFP) on Friday, which will generate extreme volatility for the USD against the other majors.

[ Full Story ]

In−Depth

• Friday Notes − Ailing USD hurts sentiment by HVB Group
• Weekly Focus − Has the global business cycle been killed off by the credit crunch? by Danske Bank A/S

To get started

• TRENDEX: Real−time market comments and trading tips. Get your Trial Account now!
• Forex Chat Room: Share your trading ideas and comments with fellow traders
• FXstreet.com 1st International Traders Conference − Come and meet our renowned Speakers

Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.

Forex Forum

• NFA Forex Dealer Dead Pool: The news about the NFA shaking up the forex industry by dramatically raising capital requirements has kicked off a lot of speculation. So I gathered everything I have learned about this new NFA proposal and am posting here for your review.
• GBP/USD and EUR/USD DAILY GOAL: Hi Friends, Iâ?Tm trader same as you. And I learned (painfully) to â?oDonâ?Tt ever force your trades against the market naturalâ?Ts waveâ?. It includes main trend, support (bottom) and resistance level.
• Gbp: Cable analysis by Andrusha.
• London cements FX market dominance over New York: It looks like we will have to trade only from 8.00 h to 17.00 h. CET...
• FX Trader of the Year Contest 2007: This is the last week of the contest, and it looks like Ekaram is the master traders, but who are the second and third top traders? The answer, next Monday.

Editor's Pick

Weekly Market Commentary - The US dollar continues under serious pressure by Mizuho Corporate Bank
Fri, Sep 28 2007, 15:36 GMT

The Brokers (re) Evolution: The CEO's reply - FXDD Response to the Second Open Letter by FXstreet.com
Thu, Sep 27 2007, 14:59 GMT

Live Sessions Schedule

Becoming a Professional Trader (Part 4): The 10 Power Principles of Successful Trading Systems
Expert: Markus Heitkoetter
Start: Tue, Oct 2, 16:00 GMT
Sponsored by: 
Type of Session: Webinar

SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 17th Edition
Expert: Wayne McDonell
Start: Fri, Oct 5, 12:00 GMT
Sponsored by: 
Type of Session: Webinar

Sponsored by
Mon, Oct 1, 10:00 GMT	What Moves Currencies? − Preview of the Week Ahead	Tony Juste	WBN
Mon, Oct 1, 11:00 GMT	Weekly Webinar: 1st on Forex − The Week Ahead	Jerry Furst	WBN
Mon, Oct 1, 13:00 GMT	FX Instructor Live Trading Room	Nader Moustafa	WBN
Mon, Oct 1, 14:00 GMT	Derek Frey's Outlook	Derek Frey	WBN
Mon, Oct 1, 15:00 GMT	Advanced Methods for Finding Dominant Trends in Forex Markets	Steve Primo	WBN
Mon, Oct 1, 16:00 GMT	Trading with Tim Billups	Tim Billups	WBN

[ View All ]

New On FXstreet.com

Day Trading the GBP/JPY - Day Trading System by JCL Capital
Fri, Sep 28 2007, 17:04 GMT

FX Daily Commentary - Dollar's Future Determined This Week! by FXGreece
Fri, Sep 28 2007, 13:40 GMT

Spot Forex Trades - Euro Retracement ahead of NFP, next week by ForexSurvivor
Fri, Sep 28 2007, 12:33 GMT

Forex Technical Report - Forex Technical Report USD/CHF by iFOREX.bg
Fri, Sep 28 2007, 11:48 GMT

Intra−day forex market trend - Intra−day forex market trend by i−knowindices.com
Fri, Sep 28 2007, 11:10 GMT

Press Releases

Press Releases

FXCM's Sentiment Aggressive Forex Managed Funds Up Over 25%

After a successful launch, FXCM's Sentiment Aggressive Managed Funds are up over 25% in its first two months since inception. (www.fxcm.com)*

[ Full Story ]

FX Solutions Introduces GTS Pro Forex Trading Platform for Faster Trading

FX Solutions (www.fxsol.com), an IT−driven online foreign exchange broker auto−executing almost 99 percent of customer trades*, today introduced GTS Pro (www.fxsol.com/gtspro), a next−generation forex trading platform designed to meet the needs of today's currency traders.

[ Full Story ]

Iceland's Glitnir Adopts SuperDerivatives' Multi Asset Banking Platform for Trading and Sales Desks

SuperDerivatives, the benchmark for options and the leading multi−asset derivatives solution provider for real−time option pricing, independent revaluation, derivatives data, online trading and risk management systems, has announced that Glitnir Bank is deploying its pricing and analytics platform for foreign exchange currency and equity options.

[ Full Story ]

Past Issues   ·   Subscribe to other newsletters   ·   Unsubscribe

Before printing please ensure that it is absolutely necessary. Remember the environment is for all of us!

FXstreet.com Newsletter does not constitute a solicitation for the purpose of buying or selling in the foreign exchange market. Although the information contained in FXstreet.com Newsletter comes from trusted sources, FXstreet.com is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources.
© 2007 "FXstreet.com. The Forex Market" All Rights Reserved.
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ASIA-PACIFIC Trading Newsletter - Sep 28, 2007

Friday, Sep 28, 16:44 GMT

ASIA-PACIFIC Trading Newsletter

To Get Started

• The Advisor Weblog: At the Close. Loser.
• NEW Webinars Video - Access now Educational Sessions Recordings
• Forex Chat Room: Share your trading ideas and comments with fellow traders
• FXstreet.com 1st International Traders Conference â^' Come and meet our renowned Speakers

Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.

The Brokers (re) Evolution: NFA Regulation

Sep 27, 15:14 GMT

The CEOs' Reply: FXDD, GFT and FXCM answer to the Second Open Letter sent by FXstreet.com's CEO Francesc Riverola

The new NFA standards will not only affect the brokers but the whole industry and could even produce a big shake out in the retail FX industry.

[ Full Story ]

Live Sessions Schedule

What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Oct 1, 10:00 GMT
Sponsored by: 
Type of Session: Webinar

Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Oct 1, 11:00 GMT
Sponsored by: 
Type of Session: Webinar

Sponsored by
Mon, Oct 1, 10:00 GMT	What Moves Currencies? − Preview of the Week Ahead	Tony Juste	WBN
Mon, Oct 1, 11:00 GMT	Weekly Webinar: 1st on Forex − The Week Ahead	Jerry Furst	WBN
Mon, Oct 1, 13:00 GMT	FX Instructor Live Trading Room	Nader Moustafa	WBN
Mon, Oct 1, 14:00 GMT	Derek Frey's Outlook	Derek Frey	WBN
Mon, Oct 1, 15:00 GMT	Advanced Methods for Finding Dominant Trends in Forex Markets	Steve Primo	WBN

[ View All ]

GBP/USD

Daily technical research by FX Instructor

Cable moved higher on Thursday almost touching the 2.0300 level but it retraced in the overnight trading hours and it retested the 2.0200 level now turned into support; this move might be the signal the market looked for to shift the bias to the long side. Breaking above 2.0300 today or at the start of next week will bring us closer to the 2.0365 resistance level and intermediary bullish target before the 2.0460 early August double top.

[ Full Story ]

• Read the latest Technical Comments on Majors by Tony Juste
• New Webinars Video − Access now Educational Sessions Recordings
• Check out how pairs moved: Live Currency Rates & Charts
• Follow up the most relevant Economic Data in the new Real Time Economic Calendar
• Be up to date with the Latest Forex News

Other Topics for this Session:

Daily Majors Technical Analysis − ProPipper AUD Update by Pro Pipper

Daily Technical Analysis − Again holding neatly just below the new record high at 1.4190 by Mizuho Corporate Bank

Forex Technical Report GBP/USD by iFOREX.bg

Currencies at a Glance

EUR/USD

Trades around second resistant level 1.4220
09/28/2007 16:00 GMT

GBP/USD

Trades around second resistant level 2.0379
09/28/2007 16:01 GMT

USD/CHF

Trades below first support level 1.1692
09/28/2007 16:01 GMT

USD/JPY

Trades below first support level 115.17
09/28/2007 16:01 GMT

Analyst Sentiment Index (ASI)

Analysts Sentiment Index - EUR/USD

**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank

[ View ASI page ] [ View EUR/USD page ]

Charting the Market Movers

EUR USD, Hourly

USD JPY, Hourly

Top Market Movers Preview

UK PMI MANUFACTURING INDEX

Date (GMT)		Event	Cons.	Previous
Oct 1	08:30	PMI Manufacturing Index	-	56.3

Friday Notes - Ailing USD hurts sentiment by HVB Group

After a marked increase in August, we expect the UK manufacturing PMI to have edged down to 55 in September. The persistent turmoil in the money market and the shocking events related to the Northern Rock debacle are likely to start weighing on sentiment.

[ Full Story ]

Top Market Movers Review

US CORE PERSONAL CONSUMPTION EXPENDITURE

Date (GMT)		Event	Actual	Cons.	Previous
Sep 28	12:30	Core Personal Consumption Expenditure (YoY)	1.8%	1.8%	1.9%
Sep 28	12:30	Personal Income	0.3%	0.4%	0.5%
Sep 28	12:30	Core Personal Consumption Expenditure (MoM)	0.1%	0.1%	0.1%
Sep 28	12:30	Personal Spending	0.6%	0.4%	0.4%

DATA SNAP: US Aug Personal Income Up Less Than Expected (Dow Jones)

The income of Americans grew less than expected during August, but their spending surged and a key gauge of inflation receded. Personal income increased at a seasonally adjusted rate of 0.3% compared to the month before, the Commerce Department said Friday.

[ Full Story ]

• Reat the Personal Income and Outlays data at Commerce Department
• Forex − Euro breaches record high 1.42 mark against dollar after US data (Thomson Financial News)
• Euro Above $1.420 Vs Dollar For First Time After US Data (Dow Jones)
• U.S. Personal income rose lower than expected in August (FXstreet.com)

US economic indicators - Durable goods orders have probably corrected downwards in August by BHF−Bank

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Sep 28	13:45	US	Chicago Purchasing Managers' Index (Sep)	54.2	53.0	53.8
	14:00	US	Reuters/Michigan Consumer Sentiment Index (Aug)	83.4	84.0	83.4
Oct 1	07:30	CH	SVME − Purchasing Managers' Index			65.1
	07:55	DE	PMI Manufacturing Index (Sep)			56
	08:00	EMU	PMI Manufacturing Index (Sep)			54.3
	08:30	UK	Net Lending to Individuals			£10.3B
	08:30	UK	PMI Manufacturing Index (Sep)			56.3

[ View All ]

Past Issues   ·   Subscribe to other newsletters   ·   Unsubscribe

Before printing please ensure that it is absolutely necessary. Remember the environment is for all of us!

FXstreet.com Newsletter does not constitute a solicitation for the purpose of buying or selling in the foreign exchange market. Although the information contained in FXstreet.com Newsletter comes from trusted sources, FXstreet.com is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources.
© 2007 "FXstreet.com. The Forex Market" All Rights Reserved.
Click here to unsubscribe

U.S. Trading Newsletter - Sep 28, 2007

Friday, Sep 28, 11:23 GMT

U.S. Trading Newsletter

To Get Started

• NEW Webinars Video - Access now Educational Sessions Recordings
• Forex Chat Room: Share your trading ideas and comments with fellow traders
• FXstreet.com 1st International Traders Conference - Come and meet our renowned Speakers

Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.

The Brokers (re) Evolution: NFA Regulation

Sep 27, 15:14 GMT

The CEOs' Reply: FXDD, GFT and FXCM answer to the Second Open Letter sent by FXstreet.com's CEO Francesc Riverola

The new NFA standards will not only affect the brokers but the whole industry and could even produce a big shake out in the retail FX industry.

[ Full Story ]

Live Sessions Schedule

US Session Open
Expert: Ed Ponsi
Start: Fri, Sep 28, 13:30 GMT
Sponsored by: 
Type of Session: Webinar

Live Trading
Expert: Tony Juste
Start: Fri, Sep 28, 14:00 GMT
Sponsored by: 
Type of Session: Webinar

Sponsored by
Fri, Sep 28, 12:00 GMT	US Pre−Market Open	Ed Ponsi	WBN
Fri, Sep 28, 13:30 GMT	US Session Open	Ed Ponsi	WBN
Fri, Sep 28, 14:00 GMT	Live Trading	Tony Juste	WBN
Mon, Oct 1, 10:00 GMT	What Moves Currencies? − Preview of the Week Ahead	Tony Juste	WBN

[ View All ]

Current Session: Europe − U.S.

GBP/USD

Daily technical research by FX Instructor

Cable moved higher on Thursday almost touching the 2.0300 level but it retraced in the overnight trading hours and it retested the 2.0200 level now turned into support; this move might be the signal the market looked for to shift the bias to the long side. Breaking above 2.0300 today or at the start of next week will bring us closer to the 2.0365 resistance level and intermediary bullish target before the 2.0460 early August double top.

[ Full Story ]

• Read the latest Technical Comments on Majors by Tony Juste
• New Webinars Video − Access now Educational Sessions Recordings
• Check out how pairs moved: Live Currency Rates & Charts
• Follow up the most relevant Economic Data in the new Real Time Economic Calendar
• Be up to date with the Latest Forex News

Other Topics for this Session:

Daily Majors Technical Analysis − ProPipper AUD Update by Pro Pipper

Daily Technical Analysis − Again holding neatly just below the new record high at 1.4190 by Mizuho Corporate Bank

Forex Technical Report GBP/USD by iFOREX.bg

Majors at a Glance

EUR/USD

Moves up above first resistant level 1.4186
09/28/2007 11:01 GMT

GBP/USD

Continues to move up toward first resistant level 2.0327
09/28/2007 11:01 GMT

USD/CHF

Continues to move down below first support level 1.1692
09/28/2007 11:11 GMT

USD/JPY

Moves down below first support level 115.17
09/28/2007 11:11 GMT

Analyst Sentiment Index (ASI)

Analysts Sentiment Index - EUR/USD

**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, 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 CORE PERSONAL CONSUMPTION EXPENDITURE

Date (GMT)		Event	Cons.	Previous
Sep 28	12:30	Core Personal Consumption Expenditure (YoY)	1.8%	1.9%
Sep 28	12:30	Core Personal Consumption Expenditure (MoM)	0.1%	0.1%

US economic indicators - Durable goods orders have probably corrected downwards in August by BHF−Bank

The PCE core deflator only went up by 0.1% mom in July. However, if, like core CPI, it has risen by just under 0.2% mom, the annual rate would nevertheless decline further to 1.8%, well within the Fed's comfort zone.

[ Full Story ]

Top Market Movers Review

UK GFK CONSUMER CONFIDENCE

Date (GMT)		Event	Actual	Cons.	Previous
Sep 28	09:30	Gfk Consumer Confidence	-7	-6	-4

DATA SNAP: GfK: UK Consumer Climate Hit By Northern Rock Woes (Dow Jones)

U.K. consumer confidence in September plunged to its lowest level since December 2005 as a result of the crisis at mortgage lender Northern Rock PLC (NRK.LN), a survey published Friday by market research organization GfK NOP showed.

[ Full Story ]

• GfK NOP homepage
• UK Sept Gfk/NOP consumer confidence drops to −7 vs −4 in Aug (Thomson Financial News)
• UK Consumer confidence declines lower than expected (FXstreet.com)
• United Kingdom Gfk Consumer Confidence decreases to −7 in September vs −4 in August (FXstreet.com)

EMU CONSUMER PRICE INDEX ESTIMATE

Date (GMT)		Event	Actual	Cons.	Previous
Sep 28	09:00	Consumer Price Index Estimate (YoY)	2.1%	2.1%	1.8%

DATA SNAP: Euro−Zone Sep Inflation Rate Surges Above Target (Dow Jones)

The annual rate of consumer−price inflation in the euro zone surged in September, rising above the European Central Bank's 2% target for the first time in more than a year. The annual rate of inflation across the euro zone was 2.1% in September.

[ Full Story ]

• Read the Euro area inflation estimated at 2.1% at Eurostat
• Euro zone Sept prov HICP up 2.1 pct vs 1.7 pct in Aug, matches consensus (Thomson Financial News)
• Euro Zone Inflation rises above ECB target (FXstreet.com)
• UPDATE: Euro−Zone Sep Inflation Rate Surges Above Target (Dow Jones)

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Sep 28	05:00	JP	Housing Starts (YoY)	-43.3%	-16.0%	-9.9%
	06:00	DE	Retail Sales (MoM) (Aug)	-1.4%	0.3%	0.6%
	06:00	DE	Retail Sales (YoY) (Aug)	-2.2%	-1.5%	-1.0%
	09:00	EMU	Consumer Confidence (Sep)	-5	-4	-4
	09:00	EMU	Consumer Price Index Estimate (YoY) (Sep)	2.1%	2.1%	1.8%
	09:30	UK	Gfk Consumer Confidence (Sep)	-7	-6	-4
	12:30	US	Core Personal Consumption Expenditure (MoM) (Aug)		0.1%	0.1%
	12:30	US	Core Personal Consumption Expenditure (YoY) (Aug)		1.8%	1.9%
	12:30	CA	Gross Domestic Product (MoM) (Jul)		0.4%	0.2%
	12:30	US	Personal Income (Aug)		0.4%	0.5%

[ View All ]

Past Issues   ·   Subscribe to other newsletters   ·   Unsubscribe

Before printing please ensure that it is absolutely necessary. Remember the environment is for all of us!

FXstreet.com Newsletter does not constitute a solicitation for the purpose of buying or selling in the foreign exchange market. Although the information contained in FXstreet.com Newsletter comes from trusted sources, FXstreet.com is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources.
© 2007 "FXstreet.com. The Forex Market" All Rights Reserved.
Click here to unsubscribe