Friday, Oct 30, 17:06 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
Chartology: EUR/USD Indecision and 1.4850 ceiling by Raghee Horner
The short term charts of the 15, 30, and 60 minute EUR/USD are moving within a distribution cycle on the heels of yesterday's big rally. The Dow's strength pushed the U.S. Dollar Index lower as risk appetite in equities roared back.
FX Path: Price-Oscillator Divergences Explained by James Chen
FX Market Readings: Market may appear subdued - there is hidden agenda by Dr. S. Sivaraman
Trade Setups: FX markets are currently closed... please use diversion! by Phil Newton
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Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Nov 2, 05:00 GMT
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Nov 2, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 2, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Nov 2, 10:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Nov 2, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Nov 2, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Mon, Nov 2, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
More downside to come if y pair manages to break 1.4770 support
FXstreet.com Independent Analyst Team − Hourly indicators had turned bearish, with price currently under 20 SMA that had turned flat. Bigger time indicators remain flat, with 20 SMA still with a bearish slope, suggesting more downside to come in the next hours, y pair manages to break 1.4770 support zone.
EUR/USD
EUR/USD bulls did initiate the rebound back to Support Level at 1.4698 by Investija.com
When low trading range was broken by the lower boundary, bears overcome bulls. The Dollar against Yen stays in neutral zone, waiting choice is better to take for now.
Dollar
U.S. Update: Risk appetite didn't last by Valeria Bednarik
Dollar remains weak, but so the rest of the currencies. Today's data show EU is far away of coming out of the crisis. Rumors this week of further QE needed in the U.K...
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 PERSONAL INCOME
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 30 | 12:30 | Personal Income (MoM) | 0.0% | 0.1% | 0.2% |
| Oct 30 | 12:30 | Personal Consumption Expenditures | -0.5% | -0.5% | 1.4% |
| Oct 30 | 12:30 | Personal Consumption Expenditure Deflator | -0.5% | -0.5% | -0.5% |
DATA SNAP: US Spending In Sep Drops By Most In Nine Months (Dow Jones)
[ Full Story ]- Read the official data at Bureau of Economic Analysis
- Forex: Dollar, steady despite decline on U.S. Personal spending (FXstreet.com)
- US Sept PCE decreases −0.5% (FXstreet.com)
- Sept US Core PCE − Prices Index rises 0.1%; 1.3% YoY (FXstreet.com)
Top Fundamental Stories - U.S Income growth remains sluggish due to the ongoing job losses… by ecPulse.com
Core PCE deflator up just 1.4 percent by Wells Fargo Investments, LLC
US economic indicators - The PCE core deflator is likely to have gone up by a mere 1.5% qoq in Q3 by BHF−Bank
Event of the Week
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 12:30 | Real Personal Consumption Expenditures (QoQ) | 3.4% | - | -0.9% |
| 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
- GLOBAL MARKETS: European Stocks Seen Higher On US GDP (Dow Jones)
- 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)
Daily World Market Update - GDP figures revealed an annualised growth rate of 3.5pct versus a consensus of 3.2pct by World First UK Ltd
Market Comment - An increase of $113 billion in total GDP from the 2Q to the 3Q by Comstock Partners Inc.
Morning Report - US advance GDP grew 3.5pct annualised in Q3 by Westpac Institutional Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 30 | 13:45 | US | Chicago Purchasing Managers' Index (Oct) | 54.2 | 48.6 | 46.1 |
| 13:55 | US | Reuters/Michigan Consumer Sentiment Index (Oct) | 70.6 | 70.1 | 73.5 | |
| Nov 1 | 21:30 | AU | AiG Performance of Mfg Index (Oct) | |||
| 23:30 | AU | House Price Index (QoQ) (3Q) | 4.2% | |||
| 23:30 | AU | House Price Index (YoY) (3Q) | -1.4% | |||
| Nov 2 | 01:00 | NZ | ANZ Commodity Price (Oct) | 6.8% | ||
| 04:00 | JP | Vehicle Sales (YoY) (Oct) | 3.5% | |||
Educational Resources
While collecting data about the Forex market, it is important to know who the major players are. Who originally designed Forex, who are the major participants, who makes decisions that have a significant impact on the Forex market? This and more will be explored in Joseph James Gelet article. Read the full article!
Related Resources
The Main Players In The Forex Market - Chapter A02 of FXstreet.com Learning Center
The structure of FX market and the role of the retail forex broker - Report by The Forex Journal
Man vs. Market - Ebook by Rob Booker