Tuesday, Oct 27, 16:54 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: Monthly Webinar: Harmonic Patterns by Sunil Mangwani
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Forex Blogs
Tech Trading: EUR/GBP Formed lower highs by César B. Leiceaga
The bounce from 0,90 support region and the break of the bearish trendline mentioned on earlier posts induced traders to long the pair. (http://blogs.fxstreet.com/techtrading/2009/10/22/eurgbp−facing−relevant−support/) Now the bulls incapability to hold 0,9080 − 0,9100 support area is warning a potential head and shoulders pattern formation on the daily chart.
FX Market Readings: Secret of holding high is revealed by Dr. S. Sivaraman
Francesc's Weblog: FXCM Applies New Margin Requirements One Week Earlier by Francesc Riverola
The Advisor Weblog: Gold continues favoring greenback by Valeria Bednarik
Sponsored by 
Live Sessions Schedule
3 aspects of long term successful trading
Expert: Lea Peters
Start: Tue, Oct 27, 19:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Tue, Oct 27, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 27, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Oct 27, 19:00 GMT | 3 aspects of long term successful trading | Lea Peters | WBN |  |
| Tue, Oct 27, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Wed, Oct 28, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Wed, Oct 28, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
Pair needs to break 1.4840 support to gain bearish momentum
FXTechstrategy − pair needs to break 1.4840 support to gain bearish momentum, while the upside remains limited by the 1.4925 level. Bigger time frames point for further falls in the next session. Stocks and gold will be key for dollar's trend.
EUR/USD
U.S. Update: Dollar favored on risk aversion by Valeria Bednarik
Despite Wall Street remains in positive territory, gold continues printing lower lows, approaching to 1031 support level. Being previous historical high, break under that level could...
GBP/USD
GBP/USD Holds Strong above our 2nd Tier Uptrend Line by FastBrokersFX
The Cable is suddenly facing four fresh downtrend lines and 1.65 is serving as a psychological barrier once again. The GBP/USD's last run topped out beneath 9/11 highs, meaning...
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Financial Trend Analysis , KBC , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Event of the Day
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 27 | 14:00 | Consumer Confidence | 47.7 | 53.6 | 53.4 |
Conf Bd: Oct US Consumer Confidence Index Down To 47.7 Vs 53.4 In Sept (Dow Jones)
U.S. consumers turned decidedly more pessimistic in October, according to a report released Tuesday.
[ Full Story ]- Read the Confidence data at The Conference Board
- CURRENCIES: Dollar Trades Higher, Playing Off Weak Confidence (Dow Jones)
- GBP/USD: Pound dips to 1.6310 support area on weak U.S. consumer confidence (FXstreet.com)
- Forex: EUR/USD: Euro plunges below 1.4800 on U.S. Consumer Confidence (FXstreet.com)
Fundamental Currencies Comments - The dollar steadies ahead of the release of U.S. consumer confidence by ecPulse.com
Top Fundamental Stories - Confidence witnessed steadily throughout the world's largest economy… by ecPulse.com
US economic indicators - Consumer confidence indicators (Oct): No improvement by BHF−Bank
Event of the Week
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 12:30 | Gross Domestic Purchases Price Index | - | 1.2% | -1.4% |
| Oct 29 | 12:30 | Gross Domestic Product Annualized | - | 3.1% | -0.7% |
Friday Notes - A strong third quarter by UniCredit Group
[ 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 | 14:00 | US | Consumer Confidence (Oct) | 47.7 | 53.6 | 53.4 |
| 16:00 | US | Treasury's Geithner Speech | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Oct 25) | -49 | -50 | ||
| 23:50 | JP | Retail Trade (YoY) (Sep) | -1.5% | -1.8% | ||
| 23:50 | JP | Retail Trade s.a (MoM) (Sep) | 0.2% | 1.0% | ||
| Oct 28 | 00:30 | AU | Consumer Price Index (QoQ) (3Q) | 0.9% | 0.5% | |
| 00:30 | AU | Consumer Price Index (YoY) (3Q) | 1.2% | 1.5% | ||
Educational Resources
Profit from trading by going back to basics
Untrained traders flooding in paired with unprecedented market volatility means the game has changed for professional traders, but the solution is simpler than others would have you believe... Read full Mike Baghdady's article !
From Mike Baghdady as well:
An introduction to Price Behaviour: Part 4 - Live Session on Wed, Oct 28 2009 at 15:00 GMT - Register Here
Webinar recordings - An introduction to Price Behaviour at his author's page