Wednesday, Oct 29, 20:20 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- All the events of the day in our Economic Calendar
- Webinar Videos: MONTHLY WEBINAR: Learning to Read Price Action by Chris Capre
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International Traders Conference
Oct 29, 17:25 GMTLive trading to finish the day 1
The Live Trading sessions with our experts closed the first day of the ITC… nervous, tired but generally satisfied after an intensive day of speeches and Live Trading. More ITC tomorrow!
Have a look at our pictures!
Forex Blogs
FX Market Readings: Expected moves during US session by Dr. S. Sivaraman
Today US session is considered by many as inportant day for the market to pick up the clues and move further − the FOMC interest rate decision is to be annouced by 18:15 GMT. I am expecting the market to make small swings till the announcement time and then drop quickly about 50−70 pips before the rate announcement and then quickly rise there after for the day.
FX Path: Dollar Weakness − Euro Strength by James Chen
Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Oct 30, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Oct 30, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 30, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, Oct 30, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Thu, Oct 30, 16:00 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Fri, Oct 31, 08:00 GMT | The Forex Basic Training Program − Chapter VIII | Wayne McDonell | WBN | |
| Fri, Oct 31, 12:30 GMT | Dan Blystone's Daily Briefing  | Dan Blystone | WBN | |
Current Session: U.S.
EUR/USD
Limited currencies reaction to the FED Rate Cut by (FXstreet.com)
The Euro and British Pound have been both rallying the whole day . The Euro has climbed from 1.2736 to 1.2947 right before the Fed decision was published, to fall to 1.2823 afterwards. Similar move has been made by the Pound climbing from 1.6047 to 1.6436 right before the release of the Fed decision to fall to 1.6313 shortly afterwards.
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 - Markets Steady ahead of FOMC, NZD and CAD Rebound by ActionForex.com
The Commodities Report - Brent returns above 60$/b level by KBC Bank
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 UNEMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 30 | 08:55 | Unemployment Rate s.a. | 7.6% | 7.6% |
| Oct 30 | 08:55 | Unemployment Change | -10 | -29K |
Friday Notes - A strong decline in non−adjusted unemployment is expected by HVB Group
The normal autumn recovery should have continued with a strong decline in non−adjusted unemployment in October. Even adjusted for seasonal factors, unemployment was likely down once again. The strong economic downswing already being observed should increasingly impact job growth. The recent drastic turnaround in corporate hiring plans should also end the upswing on the labor market soon.
[ Full Story ]Top Market Movers Review
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 18:15 | Fed Interest Rate Decision | 1.0% | 1.0% | 1.5% |
The Federal Reserve cuts its Fund Rate by 0.50% to 1 % (FXstreet.com)
The Federal Reserve's Monetary Policy Committee has decided to cut interest rates by 50 basis points to 1 %, to rescue markets from the global economic slowdown.
[ Full Story ]- Read the FOMC statement
- US Fed Establishes Swap Lines With Four Central Banks (Dow Jones)
- US FED: Fed Announces Temporary Swap Lines With Brazil, Mexico, Korea, Singapore (Thomson Financial News)
- 2nd UPDATE: Fed Cuts Key Rate To 1%; Door Open To More Cuts (Dow Jones)
Mid−Day Forex Technical Report − Markets Steady ahead of FOMC, NZD and CAD Rebound by ActionForex.com
European Market Update - Markets await FOMC decison; BOJ rate cut speculation circulating by TradeTheNews.com
FX Daily Update - Crucial FED Decision for Dollar Direction… by FXstreet.com Independent Analyst
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 29 | 00:00 | ES | International Traders Conference (ITC) | |||
| 18:15 | US | Fed Interest Rate Decision | 1.0% | 1.0% | 1.5% | |
| 21:45 | NZ | Building Permits (MoM) (Sep) | -7.9% | |||
| 23:00 | AU | Conference Board Australia Leading Index (Aug) | 0% | |||
| Oct 30 | 00:00 | ES | International Traders Conference (ITC) | |||
| 02:00 | NZ | Business Confidence (Oct) | 1.6 | |||
| 06:00 | DE | ILO Unemployment Rate (Sep) | 7.2% | 7.2% | ||