Wednesday, Nov 04, 21:09 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Wed, Nov 4, 22:30 GMT
Type of Session: Webinar
Back To Basics With Supply and Demand
Expert: Sam Seiden
Start: Thu, Nov 5, 11:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 4, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Thu, Nov 5, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Thu, Nov 5, 11:00 GMT | Back To Basics With Supply and Demand | Sam Seiden | WBN | |
| Thu, Nov 5, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Nov 5, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
The FED keeps rates unchanged feeding risk appetite
FXstreet.com − The fact that FED expressed growing confident in the economic recovery, send stocks higher feeding risk appetite: gold reach a fresh historical high at 1097, EUR/USD hit 1.4900, while GBP/USD reached the 1.6600 level as expected.
Japanese yen, the other safe haven, remains however in range between 90.70/91.00 area, despite reaching an intraday high of 91.30.
EUR/USD
EUR/USD fails to break above 1.4900, pulls back to 1.4865 by FXstreet.com
The Euro failed to break above 1.4900 against the Dollar. EUR/USD jumped to 1.4909, posting a fresh one−week high after the statement of the FOMC. Later the pair pulled back and currently trades at 1.4868/71, 1.02% above today's opening price
GBP/USD
GBP/USD: Pound pulls down, unable to break 1.6600 by FXstreet.com
Pound the Pound has extended its two−day rally after the Fed's monetary Policy statement, and the pair jumped about 60 pips to attack 1.6600 resistance level, although, unable to break it and at overbought levels, the Sterling pulled back to levels around 1.6565.
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 FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 4 | 19:15 | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% |
FED Interest Retes Review: The FED keeps rates unchanged feeding risk appetite by FXstreet.com
The fact that FED expressed growing confident in the economic recovery, send stocks higher feeding risk appetite: gold reach a fresh historical high at 1097, EUR/USD hit 1.4900, while GBP/USD reached the 1.6600 level as expected.
[ Full Story ]- Lea el comunicado oficial de la Fed
- Read the Fed's official statemnet
- Forex: USD/JPY falls to 90.70 following FOMC statement (FXstreet.com)
- Forex: EUR/USD jumps to 1.4903 after the FOMC decision (FXstreet.com)
- Forex: GBP/USD: Pound choppy below 1.6600 after Fed statement (FXstreet.com)
US: The Fed reaffirms promise to keep rates low for an extended period by Easy Forex
Top Fundamental Stories - FOMC Leaves Rates Unchanged and Signals Rates to Remain at "Exceptionally Low" Levels! by ecPulse.com
Preview: FOMC November rate decision by RANsquawk
Event of the Week
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 5 | 12:45 | ECB Interest Rate Decision | - | 1% | 1% |
EMU economic indicators - ECB council: no policy change by BHF−Bank
As far as next week's ECB council meeting is concerned, however, we are expecting the policy stance to be left unchanged. The central bank will probably restrict itself to gradually becoming more upbeat in its assessment of the macroeconomic situation and gently hinting that exit will be necessary "at some point".
[ Full Story ]BOE and ECB: Preview of Thursday's meetings by Easy Forex
Euro Thoughts - No major surprises are expected on the November ECB meeting by UniCredit Group
Top Fundamental Stories - Analysts expect the rate to remain unchanged by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 4 | 19:15 | US | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% |
| 21:45 | NZ | Unemployment Rate (3Q) | 6.4% | 6.0% | ||
| 23:50 | JP | BoJ Monetary Policy Meeting | ||||
| Nov 5 | 00:30 | AU | Trade Balance (Sep) | -1524M | ||
| 08:15 | CH | Consumer Price Index (MoM) (Oct) | 0% | |||
| 08:15 | CH | Consumer Price Index (YoY) (Oct) | -0.9% | |||
| 08:55 | AU | RBA's Governor Glenn Stevens Speech | ||||
Educational Resources
A Little Something to Take the Emotion Out
Without the right set of rules and more importantly the right attitude, attaining a successful trading career can and will be an uphill struggle from the very start. This week we will look at how each and every new trader needs to understand that the thorn in the side of many a failed speculator lies in the emotional game. Read Sam Evans' article !
Related Resources
Emotion Management System - Report by Dima Chernovolov
Trading and Emotions - Report by Tomas Cedavicius
Mastering Emotions In Trading - Q&A Session Transcript by Jay Lakhani