Monday, Oct 26, 16:46 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- EUR/USD to reach levels below 1.35 or above 1.75? Whatch the videos with the experts forecasts
- Go to the Forum and tell us if you agree with Rob Booker, Ashraf Laidi, Kim Cramer or James Chen
- Real-Time Economic Calendar: New 2.0 Design with upgraded charts and sound notifications
- WEBINAR VIDEOS: Anticipating the 4th quarter by Adam Rosen
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Forex Blogs
FX Market Readings: It may appear subdued moves by Dr. S. Sivaraman
EURO and GBP are making contrarian moves from the start of the day.Initially Euro was rising and GBP was dipping.Now during US session Euro is dipping and GBP is firming up− mainly to make upward stop hunt in EURO/GBP earlier during the day and now the players are sliding EURO/GBP.They are expected to slide both EURO and GBP during this session.
The Advisor Weblog: Gold leading the way by Valeria Bednarik
FxBootcamp: FOREX VIDEO - London Session Review - October 26, 2009 by Christian Stephens
Francesc's Weblog: EUR/USD to 1.35 or above 1.75? by Francesc Riverola
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Live Sessions Schedule
Trading Around Your Day Job
Expert: Ryan O'Keefe
Start: Mon, Oct 26, 19:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Oct 26, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 26, 19:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN |  |
| Mon, Oct 26, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Tue, Oct 27, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Tue, Oct 27, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
| Tue, Oct 27, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
Current Session: U.S.
USDJPY: Channel Top To Provide Resistance
FXTechstrategy − Outlook for USDJPY though nearer term higher, is largely bearish short and medium terms suggesting its current recovery is corrective of its declines triggered off the 101.43 level in April'09. More evidence of this view is provided by its falling channel patterns both on the weekly and daily charts and the immediate risk is for that channel resistance currently at the 92.70 level to be tested and eventually turning off the pair.
EUR/USD
EUR/USD: Euro dips below 1.4980 inta−day low by FXstreet.com
The Euro is dropping sharply on early U.S. session and retreat from 1.5060 session high has extended below 1.4980 intra−day low, as the Euro trades around 1.4970 at the moment of writing. If the Euro consolidates below 1.4980, next support levels lie at 1.4940 (Oct 22 low) and 1.4900/05.
GBP/USD
Pair is slowly gaining ground after testing key 1.6250 support by FXstreet.com Independent Analyst Team
Pair is slowly gaining ground after testing key 1.6250 support during early Asia, yet for now, 200 EMA in the hourly in capping the upside. Current upside movement could be consider corrective as long as under 1.6410 resistance area.
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
Event of the Day
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 26 | 07:00 | Gfk Consumer Confidence Survey | 4.0 | 4.5 | 4.2 |
German GfK Nov Consumer Sentiment At 4.0 vs 4.2 In Oct (Dow Jones)
German market−research group GfK's forward−looking consumer climate index fell to 4.0 points for November, Reuters news agency said Monday.
[ Full Story ]Top Fundamental Stories - Europe Ahead: Tranquil start as Germany consumer confidence rises by ecPulse.com
EMU economic indicators - The German GfK consumer confidence for November will probably only have stabilised by BHF−Bank
Event of the Week
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 12:30 | Gross Domestic Product Annualized | - | 3.1% | -0.7% |
| Oct 29 | 12:30 | Gross Domestic Purchases Price Index | - | 1.2% | -1.4% |
Friday Notes - A strong third quarter by UniCredit Group
The GDP numbers for the third quarter being released this coming Thursday should show that the US has emerged with gusto from the most severe recession of the post World War II era. We expect growth at an annual rate of 3¾%
[ Full Story ]GDP Observatory - US: Recovery will take hold in 3Q09 by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 27 | 07:00 | CH | UBS Consumption Indicator (Sep) | 0.66 | ||
| 09:00 | EMU | M3 (3M Avg) (Sep) | ||||
| 09:00 | EMU | M3 (YoY) (Sep) | 2.5% | |||
| 11:00 | UK | CBI Distributive Trades Survey − Expected (MoM) (Oct) | 36% | |||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Oct) | 3 | |||
| 14:00 | US | Consumer Confidence (Oct) | 53.1 | |||
| 14:00 | US | Richmond Fed Manufacturing Index (Oct) | 14 | |||
Educational Resources
Volatility Illuminated by Mark Whistler
Volatility Illuminated presents durable up−to−the−minute strategies for intraday and swing traders (institutional and retail). Readers will learn the importance of subset distribution compression, expansion, acceleration, force and mass, all pulled together in a simple, easy−to−understand format.
Alberto Muñoz said about the book that it is "full of very innovative trading ideas and theories, which will probably open your mind to new views about how financial markets work. The writing style is catchy and holds interest, and explanations are very clear and enjoyable."
Read more about Mark Whistler's new book!
Related Resources
Volatility Trading Strategies to Perceive and Defeat FX Volatility through Traditional Indicators - Live Session on Mon, Nov 2 2009 at 16:00 GMT - Register Here
Check his author's page to know more about him and his contributions!