Wednesday, Oct 28, 17:11 GMT
ASIA-PACIFIC Trading Newsletter
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- Learn forex trading and put in practice your skills with the Learning Center. Practice B is now available!
- EUR/USD to reach levels below 1.35 or above 1.75? Watch the videos with the experts forecasts
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- Real-Time Economic Calendar: New 2.0 Design with upgraded charts and sound notifications
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Forex Blogs
FX Path: AUD/USD − Uptrend Correction by James Chen
Price action on AUD/USD, a daily chart of which is shown, has displayed some significant U.S. dollar strengthening in the past several trading days, much in the same manner as other dollar−based currency pairs. But the strong uptrend in AUD/USD, which has been firmly in place since early March, is currently still very much intact.
FX Market Readings: False firming up before data by Dr. S. Sivaraman
Francesc's Weblog: Learning Center: Practice Unit A and B Now Available by Francesc Riverola
The Advisor Weblog: Best pair to trade now: Eur/Usd key points by Valeria Bednarik
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Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Wed, Oct 28, 22:30 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Thu, Oct 29, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 28, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Wed, Oct 28, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Thu, Oct 29, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Thu, Oct 29, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN |  |
| Thu, Oct 29, 13:00 GMT | Pip Movement Ranges for Better Trade Management  | Raghee Horner | WBN | |
Current Session: U.S.
U.S. Update: Another wave of risk aversion
FXstreet.com Independent Analyst Team − Dollar and yen continue strength as global shares extend their slide. Investors are quickly reducing risk exposure, more after gold finally break lower, quoting under 1031 support level, previous historical high. While GBP/USD remains consolidating between 1.6310/1.6410, EUR/USD is quickly approaching to a key support zone: 1.4700 level, 61.8% of last daily rally, from 1.4480 to 1.5063. Crossing now 200 EMA in the 4 hours charts, a daily close under that level could trigger more selling pressure in the sessions to come, thus a short term upside bounce since likely if the level is reached in the next couple of hours.
EUR/USD
With stocks falling and gold at 1031/oz, the Euro likely to extend decline by FXstreet.com Independent Analyst Team
Trend remains bearish in the pair, so an acceleration under 1.4740 will likely drive the pair first to the 1.4705 area and then to 1.4680. If the last gives up, 1.4650 and 1.4620 are next supports in line.
GBP/USD
Pound, unable to clearly break under 38.2% Fibonacci retracement of last daily up leg by Valeria Bednarik
Pair continues unable to clearly break under the 38.2% Fibonacci retracement of the last daily up leg, creating a congestion zone between 1.6300/30 that won't be easy to break.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , 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 DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 28 | 12:30 | Durable Goods Orders ex Transportation | 0.9% | 0.7% | -0.3% |
| Oct 28 | 12:30 | Durable Goods Orders | 1.0% | 1.5% | -2.6% |
DATA SNAP: Durable Goods Orders Up Below Expectations (Dow Jones)
[ Full Story ]- Read the Durable Goods Orders data at the Census Bureau
- U.S. Durable Goods Orders increase less than expected; Dollar, steady (FXstreet.com)
- US Sep Durable Goods Orders increase 1% (FXstreet.com)
- Table Of Data On Durable Goods From Commerce (Dow Jones)
US: Durable Goods Bounced Back in September by Wells Fargo Investments, LLC
Top Fundamental Stories - Durable Goods Orders Rise in the United States, as the Recovery Continues by ecPulse.com
US economic indicators - Durable goods orders (Sep): rising slightly after August plunge 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 ]US: Big gain advance Q3 GDP expected by Easy Forex
GDP Observatory - US: Recovery will take hold in 3Q09 by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 28 | n/a | DE | Consumer Price Index (YoY) (Oct)  | 0.0% | 0.0% | -0.3% |
| 15:00 | NO | Norges Bank Interest Rate Decision | 1.50% | 1.25% | ||
| 20:00 | NZ | RBNZ Interest Rate Decision | 2.5% | 2.5% | ||
| Oct 29 | 08:55 | DE | Unemployment Change (Oct) | 16K | -12K | |
| 08:55 | DE | Unemployment Rate s.a. (Oct) | 8.3% | 8.0% | ||
| 09:30 | UK | M4 Money Supply (YoY) (Sep) | 11.3% | |||
| 09:30 | UK | Net Lending to Individuals (Sep) | £0.7B | £0.7B | ||
Educational Resources
Market Traps, Novice Traders Beware
This week we will look at two of Sam Seiden's favorite market opportunities − the Bull Trap and Bear Trap. It is important that you understand how to properly think this setup. Read Sam Seiden's article !
From Lessons from the Pros as well:
Start as You Mean to Go On by Sam Evans
Vertical Spreads: Part II by Josip Causic