Thursday, Oct 30, 16:58 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 30, 16:01 GMT
The hotel, the wonderful envoirment, meeting the old friends… and also the new ones. TV interviews, me finaly visiting the ITC (my vertigos let me take a rest for about one hour) and much more.
Take a look to the pictures!
Forex Blogs
Forex Trading Today: Can You REALLY be on both sides of the Fence? by Tim Salem
Yes you can!…and that's what today's topic is all about! We can continue to use our Pound Yen example we have been working with this week. After the FOMC cut the U.S. Interest Rate by .50bps…we did see some dynamic Price action…or did we???
The Advisor Blog: Usd/Jpy slow recovery by Valeria Bednarik
Live Sessions Schedule
The Forex Basic Training Program − Chapter VIII
Expert: Wayne McDonell
Start: Fri, Oct 31, 08:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Oct 31, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Fri, Oct 31, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Oct 31, 14:00 GMT | Banging around the Bands | Chris Capre | WBN | |
| Fri, Oct 31, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Markets Steady after US GDP Report by ActionForex.com
USD/JPY is still staying in tight range below 99.68 in early US session. While the intraday upside momentum is diminishing mildly, further rise is still in favor as long as 94.23 minor support holds. As discussed before, the stronger than expected rise and break of 97.91 support turned resistance mixed up the near term picture. Focus is now on 103.06 cluster resistance (61.8% retracement of 110.66 to 90.92 at 103.12). On the downside, below 94.23 will indicate that rebound from 90.92 has completed and will bring retest of this low.
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
FX Technical Strategies - USD/JPY and EUR/USD
Weekly Outlook
Weekly Forex Focus by Trading Central
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
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 31 | 10:00 | Consumer Price Index (YoY) | 3.3% | 3.6% |
EMU economic indicators - EMU inflation (October) flash estimate: decline to 3.1 % yoy by BHF−Bank
The Eurostat flash estimate is likely to show that euro area inflation has decreased to 3.1% yoy in October. This would correspond with unchanged prices in unadjusted terms.
[ Full Story ]Top Market Movers Review
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 30 | 12:30 | Gross Domestic Product Annualized | -0.3% | -0.5% | 2.8% |
| Oct 30 | 12:30 | Personal Consumption Expenditure (QoQ) | -3.1% | - | 1.2% |
| Oct 30 | 12:30 | Gross Domestic Purchases Price Index | 4.8% | 4.0% | 4.2% |
DATA SNAP: US Economy Turns In Worst Showing Since 2001 (Dow Jones)
The U.S. economy, weakened by the worst consumer spending in 28 years, contracted last summer, beginning a slump that some fear could turn into a deep recession. Gross domestic product fell a seasonally adjusted 0.3% annual rate July through September, the Commerce Department said Thursday in the first estimate of third−quarter GDP.
[ Full Story ]- Read the GDP data at Bureau of Economic Analysis
- US GDP/Corporate Profits−STATS−Historical (Dow Jones)
- US STOCKS−Futures add to gains after GDP report (Thomson Financial News)
- FOREX−Dollar extends gains vs yen after US Q3 GDP data (Thomson Financial News)
Mid−Day Forex Technical Report − Markets Steady after US GDP Report by ActionForex.com
Trading News Report - U.S. GDP on Tap − Will Fears of a Recession Drag Down the Dollar? by FXCM
Friday Notes - Weak September figures almost guarantee a sizable contraction in Q4 by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 30 | 00:00 | ES | International Traders Conference (ITC) | |||
| 12:30 | US | Gross Domestic Product Annualized (3Q)  | -0.3% | -0.5% | 2.8% | |
| 23:30 | JP | Jobless Rate (Sep) | 4.2% | 4.2% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Sep) | 2.1% | 2.1% | ||
| 23:30 | JP | National CPI Ex Food, Energy (YoY) (Sep) | 0.2% | 0.0% | ||
| 23:30 | JP | National CPI Ex−Fresh Food (YoY) (Sep) | 2.3% | 2.4% | ||
| 23:30 | JP | Overall Household Spending (YoY) (Sep) | -4% | -4% | ||