Tuesday, Oct 28, 17:12 GMT
ASIA-PACIFIC 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.
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Forex Blogs
The Disciplined Trader: USD/CAD drops slightly − Is there more downside to come? by Pierre Charlebois
So far the pattern has acted as expected. However we are now at a cross roads. Usually when these patterns announce a top the reversal is more swift. So I would use caution until more conviction appears in the direction.
The Advisor Blog: Usd/Jpy for the next hours by Valeria Bednarik
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Oct 29, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Main Fundamental theme in the Currency Market
Expert: John Kicklighter
Start: Wed, Oct 29, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 29, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Oct 29, 13:00 GMT | Main Fundamental theme in the Currency Market | John Kicklighter | WBN | |
| Wed, Oct 29, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Oct 29, 16:00 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Wed, Oct 29, 17:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN |  |
Current Session: U.S.
USD/JPY
Chart of the Day − USD/JPY by FX Solutions
USD/JPY – After a remarkable plunge last week in the USD/JPY, a daily chart of which is shown, price action has finally made a major rebound during overnight trading as of Tuesday morning in New York. Due to widely reported possibilities for Japanese yen intervention as well as a substantial rebound in the Nikkei Index, which contributed to a lowering of risk aversion, this significant rebound could possibly represent the beginnings of a bottom reversal in this key pair. Or it could just be an important correction within the context of a continuing overall downtrend. At this point it is too early to tell, but traders can look towards significant support/resistance levels for guidance on potential direction.
Dow Theory principles by Valeria Bednarik, analyst and foreign manager at MolFX - Management
Trend Trading - Part 1: Elements of Trend Trading in FX and Futures Markets by Don Wilcox, Forex News Analyst Trade The News
Check out how pairs moved: Live Currency Rates & Charts
Other Topics for This Session
Mid-Day Forex Technical Report - Yen Retreat Continues in Calm Markets
Market Session Recaps - London Session by FOREX.com
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
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 29 | 06:00 | Consumer Price Index (YoY) | 2.6% | 2.9% |
| Oct 29 | 06:00 | Consumer Price Index (MoM) | -0.2% | -0.1% |
German data point to further inflation slowdown (Thomson Financial News)
German inflation likely slowed for a third consecutive month in October, dampened by a decline in the cost of oil and seasonal foods, figures from the country's most populous state showed on Tuesday.
[ Full Story ]- TABLE−German NRW Oct CPI −0.2 pct m/m, +2.3 pct y/y (Thomson Financial News)
- DATA SNAP: German N Rhine Westphalia Oct CPI −0.2%MM; +2.3%YY (Dow Jones)
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 29 | 18:15 | Fed Interest Rate Decision | 1.0% | 1.5% |
FOMC: Preview of policy meeting by Danske Bank A/S
Tomorrow at 19:15 CET the Federal Open Market Committee (FOMC) is set to announce its policy rate decision. Sentiment in global equity markets continues to be very negative and the improvement in USD money market rates has slowed to a snail's pace since Thursday.
[ Full Story ]FX Daily Update - What Will Another Rate Cut Mean for the Dollar? by FXstreet.com Independent Analyst
FOMC Preview: Coordinated Rate Cut Needed by GFT (Global Forex Trading)
Top Market Movers Review
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 28 | 14:00 | Consumer Confidence | 38.0 | 52.2 | 61.4 |
US Conference Bd Oct Consumer Confidence At Record Low 38.0 (Dow Jones)
U.S. consumer confidence fell to an all−time low in October, after a slight rise a month earlier, and expectations are even bleaker, a report released Tuesday said.
[ Full Story ]- Read the Consumer Confidence data at the Conference Board
- FINEWS−Consumer confidence numbers 'awful' − economist (Thomson Financial News)
- UPDATE: US Conf Bd: Oct Cons Confidence At Record Low 38.0 (Dow Jones)
- FOREX−US dollar trims gains vs yen after consumer confidence (Thomson Financial News)
Trading News Report - U.S. Dollar: Consumer Confidence on Tap − Can the Greenback Hold Its Gains? by FXCM
US economic indicators - The Conference Board's consumer confidence rose slightly again to 59.8 in September by BHF−Bank
US S&P/CASE−SHILLER HOME PRICE INDICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 28 | 13:00 | S&P/Case−Shiller Home Price Indices | -16.6% | -16.6% | -16.3% |
S&P Case−Shiller: Home Prices Continued Decline In August (Dow Jones)
The S&P/Case−Shiller home−price indexes, a closely watched gauge of U.S. home prices, showed prices in August continue to decline, with areas along the Sun Belt being hit hardest.
[ Full Story ]- Read the HPI data at S&P/Case−Shiller
- UPDATE 1−US home prices plunge record 16.6 pct in August−S&P (Thomson Financial News)
- Aug S&P/Case−Shiller 20−city home price index down a record 16.6% yr−over−yr (Thomson Financial News)
- US home prices plunge record 16.6 pct in August −S&P (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 28 | 14:00 | US | Consumer Confidence (Oct) | 38.0 | 52.2 | 61.4 |
| 14:00 | US | Richmond Fed Manufacturing Index (Oct) | -26 | -21 | -18 | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Oct 26) | -50 | |||
| 21:45 | NZ | Trade Balance (Sep) | -632M | -750M | ||
| 23:50 | JP | Industrial Production (MoM) (Sep)  | 0.5% | -3.5% | ||
| 23:50 | JP | Industrial Production (YoY) (Sep) | -0.3% | -6.9% | ||
| Oct 29 | 00:00 | ES | International Traders Conference (ITC) | |||