Monday, Oct 05, 16:07 GMT
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Forex Blogs
Francesc's Weblog: FXstreet vs. Forexpros − Find the 7 differences? by Francesc Riverola
Hi guys. A few weeks ago I was complaining that there was a site out there that was copying all the ideas we had. What would you do if someone is copying everything from you?
The Advisor Weblog: Hourly perspective for majors by Valeria Bednarik
ForexHedge: EUR/CHF Hedge by Ron Schelling
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Live Sessions Schedule
Trading Around Your Day Job
Expert: Ryan O'Keefe
Start: Mon, Oct 5, 19:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Oct 5, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 5, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Oct 5, 19:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN |  |
| Mon, Oct 5, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Tue, Oct 6, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Tue, Oct 6, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
Current Session: U.S.
Pair failed to break above daily descendant trend line
FXstreet.com Independent Analyst Team − Hourly charts show pair failed to break above daily descendant trend line coming from 1.4842 high, with indicators giving selling signals, the downside seems capped by 1.4580 support zone, while current price attempts to break 20 SMA in the 4 hours charts, supporting more downside pressure. U.S. stocks in negative territory, also support the bias.
GOLD
A bearish cross has recently taken place on the hourly Slow Stochastic by ForexYard
A bearish cross has recently taken place on the hourly Slow Stochastic for this commodity, suggesting an impending downward correction is imminent. The bearish cross on the 4−hour MACD supports this notion.
USD/JPY
Pretty reasonable argument for basing action in place by Saxo Bank
For USDJPY, we now have a pretty reasonable argument for basing action in place, after the two recent hammer reversal formations, though we need to see good follow through above 90.40 to get confirmation.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 8 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% |
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 8 | 11:45 | ECB Interest Rate Decision | 1% | 1% |
EMU economic indicators - ECB council: No policy change by BHF−Bank
The ECB Council is holding its regular monthly meeting on Thursday. The interest rate decision will be announced at 13:45hrs, the press conference is scheduled for 14:30hrs. Over the last few weeks, policymakers have repeatedly stated that it is too early to withdraw stimulus and declare the crisis over.
[ Full Story ]Forex Trading Strategies - ECB, EuroZone politicians clearly fed up with Euro strength by Saxo Bank
US TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 9 | 12:30 | Trade Balance | -$32.70B | -$31.96B |
US economic indicators - Trade balance (Aug): Rising slightly due to higher prices by BHF−Bank
Top Market Movers Review
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 5 | 14:00 | ISM Non−Manufacturing | 50.9 | 50.0 | 48.4 |
DATA SNAP: US−ISM: Services End Nearly Yearlong Retreat In Sep (Dow Jones)
The nation's service sector expanded in September, ending a nearly yearlong pull back.
[ Full Story ]- Read full survey at ISM
- UPDATE: US−ISM: Services End Nearly Yearlong Retreat In Sept (Dow Jones)
- Dollar, slightly up after better than expected non manufacturing ISM (FXstreet.com)
- US Sep ISM Non−Manufacturing up to 50.9 from 48.4 (FXstreet.com)
US economic indicators - ISM non−manufacturing index (Sep): reaching the growth threshold by BHF−Bank
The Week Ahead - Non−manufacturing ISM, IJC, TB and Wholesale Inventories by BBVA Bancomer
Friday Notes - ISM Non−Manufacturing: Mood continues to normalize by UniCredit Group
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 5 | 09:00 | Retail Sales (MoM) | -0.2% | -0.4% | -0.2% |
| Oct 5 | 09:00 | Retail Sales (YoY) | -2.6% | -2.4% | -1.8% |
- UPDATE: Euro−Zone Retail Sales Fall Again In August (Dow Jones)
- Euro Zone Retail Sales down 0.2% MoM and 2.6% YoY in Aug (FXstreet.com)
- DATA SNAP: Euro−Zone Retail Sales Fall In August (Dow Jones)
Top Fundamental Stories - Services Sector Day in Europe Brings Light onto Nations by ecPulse.com
Top Fundamental Stories - Europe Ahead: PMI Services in Euro Zone remain Unchanged, While Retail Sales Raise Concerns by ecPulse.com
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 5 | 08:30 | Purchasing Manager Index Services | 55.3 | 54.6 | 54.1 |
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 5 | 14:00 | US | ISM Non−Manufacturing (Sep) | 50.9 | 50.0 | 48.4 |
| 22:00 | NZ | NZIER Business Confidence (3Q) | -25 | |||
| Oct 6 | 00:30 | AU | Trade Balance (Aug) | -910M | -1156M | |
| 03:30 | AU | RBA Interest Rate Decision | 3% | 3% | ||
| 07:15 | CH | Consumer Price Index (MoM) (Sep) | 0.2% | 0.1% | ||
| 07:15 | CH | Consumer Price Index (YoY) (Sep) | -0.8% | |||
| 08:30 | UK | Manufacturing Production (YoY) (Aug) | -9.3% | -10.1% | ||
Educational Resources
Methods of Forecasting the Behavior of the Forex Market
Trying to predict market activity is a complex exercise. Franco Shao looks at the different strategies for predicting market activity – Technical analysis and Fundamental analysis. Read the article!
Other articles from Forex Journal
Choosing an Online Account Type for Forex Trading by Michael Hiller
Top ten tips for forex success - Read first part of the Jade Gate's article