Thursday, Oct 29, 17:15 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!
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- WEBINAR VIDEOS: London Session Scenarios on GBPUSD & GBPJPY by Mihai Marinescu
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Forex Blogs
FX Market Readings: Month end volatile moves are seen by Dr. S. Sivaraman
Euro and GBP made quick rise and created the fear for traders.it is month end time − the players make usually big moves to hit the stops either way in derivative markets.samrt traders can make use of such quick volatile moves to make either way profit.
FX Path: EUR/USD - Uptrend Support Line Respected by James Chen
The Advisor Weblog: Best pair to trade now: EUR/JPY by Valeria Bednarik
Tech Tradig: EUR/USD Decisive level by César B. Leiceaga
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Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Oct 29, 22:30 GMT
Type of Session: Webinar
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Fri, Oct 30, 10:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 29, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Thu, Oct 29, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Fri, Oct 30, 09:00 GMT | Trading the Harmonic patterns  | Sunil Mangwani | WBN |  |
| Fri, Oct 30, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
| Fri, Oct 30, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
U.S. Update: GDP surprise switch markets back to risk appetite
FXstreet.com Independent Analyst Team −With European session ending, stocks and gold remain to the upside, suggesting more dollar (and Yen) losses for the rest of the day. After bouncing at the 61.8% retracement of the last daily up leg, EUR/USD is slowly approach to next key level, 1.4840, 38.2% of the same rally. Fighting right now with the 20 SMA still with a bearish slope, today's close could be key for the pair: A confirmation above 1.4840 will suggest correction is over and pair will try to resume previous uptrend. Under 1.4770, pair will likely attempt to break the key 1.4700 support again.
EUR/USD
EUR/USD has buunced at key uptrend support line from March lows by FX Solutions
Today's tentative trendline bounce hints at a potential uptrend continuation, but the key level to watch for confirmation of this continuation would be the noted 1.5060 high.
Economic recovery
Ashraf Laidi: The worst of the economic crisis is behind us, 'for now' by FXstreet.com
Laidi believes that the worst of the panic is behind us "for now" as "the consumer may not be able to do for the economy what traders are doing for the stock market."
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Event of the Day
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 12:30 | Gross Domestic Purchases Price Index | 1.6% | 1.2% | -1.4% |
| Oct 29 | 12:30 | Gross Domestic Product Annualized | 3.5% | 3.2% | -0.7% |
Fundamental Currencies Comments - Optimism after the release of the U.S. GDP by ecPulse.com
[ Full Story ]- Read the GDP data at Commerce Department
- CURRENCIES: Dollar Falls As GDP Data Boosts Risk Appetite (Dow Jones)
- U.S. markets advance after stronger than expected GDP; Dollar and Yen plunge (FXstreet.com)
- CURRENCIES: Dollar Falls As GDP Data Boosts Risk Appetite (Dow Jones)
US: Business sector GDP expands 5% in Q3 by National Bank of Canada
Fundamental Currencies Comments - Majors gained ahead of the U.S GDP by ecPulse.com
US: Big gain advance Q3 GDP expected by Easy Forex
Event of the Week
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% |
US: Durable Goods Bounced Back in September by Wells Fargo Investments, LLC
Orders for durable goods at U.S. manufacturers regained some lost ground after last month's drop. Ex−transportation, orders were better than expected—business spending is showing signs of recovery.
[ Full Story ]- Read the Durable Goods Orders data at the Census Bureau
- DATA SNAP: Durable Goods Orders Up Below Expectations (Dow Jones)
- U.S. Durable Goods Orders increase less than expected; Dollar, steady (FXstreet.com)
- US Sep Durable Goods Orders increase 1% (FXstreet.com)
U.S.: Durable Goods Orders by BBVA Bancomer
Daily Global Commentary - Sales of New Homes Decline, but Inventories and Prices remain Favorable by Northern Trust
Top Fundamental Stories - Durable Goods Orders Rise in the United States, as the Recovery Continues by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 29 | 12:30 | US | Gross Domestic Purchases Price Index (3Q) | 1.6% | 1.2% | -1.4% |
| 13:30 | US | Treasury's Geithner Speech | ||||
| 21:45 | NZ | Building Permits (MoM) (Sep) | 4.0% | 1.7% | ||
| 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Oct) | 54.5 | |||
| 23:30 | JP | Jobless Rate (Sep) | 5.6% | 5.5% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Sep) | -2.2% | -2.2% | ||
| 23:30 | JP | Tokyo Consumer Price Index (YoY) (Oct) | -2% | -2% | ||
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