Tuesday, Oct 28, 08:49 GMT
EUROPEAN Trading Newsletter
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New Currencies at a Glance with all the technical studies you need for your trading plan. Review the market info of the top 31 currency pairs including the hottest pairs of the past week: EUR/USD, GBP/USD, USD/JPY and EUR/CHF.
Moreover data such as live market quotes, forecast, analysts comments, breaking stories and Economic Calendar can be extremely efficient tools for your trading plan.
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Forex Blogs
FXBootcamp: Pre London Outlook October 28th 2008 by Wayne McDonell
Flexibility is very important in this market; we are clearly consolidating for many pairs, however volatility persists. Today I examine Pound Yen in more detail again. I identify support and resistance but do not have a clear trade plan, treat everything on its merits. I hope you find the video helpful.
FX Market Readings: Expected moves for today by Dr. S. Sivaraman
Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Tue, Oct 28, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Oct 28, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 28, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Oct 28, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Oct 28, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Tue, Oct 28, 13:00 GMT | Fibonacci − Begginers to Advanced | Adam Rosen | WBN | |
Current Session: Europe
USD/JPY
Daily Forex Technical Report − Yen Retreats as Stock Rebounds, Dollar to Follow? by ActionForex.com
USD/JPY's rebound from 90.92 extends further to as high as 96.18 today and at this point, intraday bias remains mildly on the upside as long as 92.48 minor support holds. As discussed before, a short term bottom is in place at 90.92 and some further consolidation and recovery could still be seen. However, upside is expected to be limited below 97.91 resistance and bring down trend resumption. Below 92.48 will flip intraday bias back to the downside for retesting 90.92 low. Break will set the stage for 100% projection of 124.13 to 95.77 from 110.66 at 82.3.
Dow Theory principles by Valeria Bednarik, analyst and foreign manager at MolFX - Management
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com
Check out how pairs moved: Live Currency Rates & Charts
Other Topics for This Session
Forex Technical Analysis - EUR/USD: (1.2530) New reaction low below channel off 1.4867 by KBC Bank
Weekly Outlook
Weekly Technical Commentary by Mizuho Corporate Bank
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, GFT (Global Forex Trading), Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 28 | 14:00 | Consumer Confidence | 52.2 | 59.8 |
US economic indicators - The Conference Board's consumer confidence rose slightly again to 59.8 in September by BHF−Bank
Together with the deterioration in economic indicators, rising unemployment, falling house prices and the credit crunch, this is likely to have caused a sharp decline in consumer confidence to 49.0 in October.
[ Full Story ]Trading News Report - U.S. Dollar: Consumer Confidence on Tap − Can the Greenback Hold Its Gains? by FXCM
Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 28 | 07:00 | Gfk Consumer Confidence Survey | 1.9 | 1.5 | 1.8 |
UPDATE: German Nov Consumer Sentiment Beats Forecasts (Dow Jones)
German consumers' confidence improved slightly in November, beating economists' expectations of a downturn and bringing a rare bright spot among economic indicators.
[ Full Story ]- Read the Confidence Survey at Gfk
- INSTANT VIEW 4−German GfK Nov consumer indicator ticks up (Thomson Financial News)
- INSTANT VIEW 3−German GfK Nov consumer indicator ticks up (Thomson Financial News)
- INSTANT VIEW 2−German GfK Nov consumer indicator ticks up (Thomson Financial News)
EMU economic indicators - German confidence likely to decline by BHF−Bank
Japan RETAIL TRADE S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 27 | 23:50 | Retail Trade s.a (MoM) | -0.5% | -0.2% | 0.7% |
Japan Sept retail sales −0.4 pct year/year (Thomson Financial News)
Japanese retail sales fell 0.4 percent in September from a year earlier, government data showed on Tuesday, compared with economists' median forecast for a flat reading. Details were as follows (previous figures may be revised; economists' median forecast in parentheses):
[ Full Story ]- Read the Retail Trade at METI
- Japan economic indicators to Nov 25 (Thomson Financial News)
- POLL−Japan Sept industrial output, CPI, jobless (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 27 | 23:50 | JP | Large Retailer's Sales (Sep) | -3.3% | -2.7% | -2.2% |
| 23:50 | JP | Retail Trade s.a (MoM) (Sep) | -0.5% | -0.2% | 0.7% | |
| Oct 28 | 05:14 | AU | National Australia Bank's Business Confidence(QoQ) (3Q) | -7 | -8 | |
| 07:00 | DE | Gfk Consumer Confidence Survey (Nov) | 1.9 | 1.5 | 1.8 | |
| 09:00 | CH | UBS Consumption Indicator (Sep) | 1.62 | |||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Oct) | -35 | -27 | ||
| 13:00 | US | S&P/Case−Shiller Home Price Indices (Aug) | -16.6% | -16.3% | ||
| 14:00 | US | Consumer Confidence (Oct) | 52.2 | 59.8 | ||
| 14:00 | US | Richmond Fed Manufacturing Index (Oct) | -21 | -18 | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Oct 26) | -50 | |||