Wednesday, Oct 29, 08:37 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: MONTHLY WEBINAR: Learning to Read Price Action by Chris Capre
- All the events of the day in our Economic Calendar
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Check out the new CAG!
The currencies revolution arrives at FXstreet.com
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
FX Market Readings: Why big recoveries?− japanese session moves by Dr. S. Sivaraman
EURO and GBP were looking so weak for 2 days as if they are expected to make range bound swings. But the players made the huge rise in them towards close of US session and gap time and made the upward extended stop hunt and then now holding around the middle level for the traders to enter long.
Forex Trading Today: ...And what a Breakout it Was!... by Tim Salem
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Oct 29, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Main Fundamental theme in the Currency Market
Expert: John Kicklighter
Start: Wed, Oct 29, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 29, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Oct 29, 13:00 GMT | Main Fundamental theme in the Currency Market | John Kicklighter | WBN | |
| Wed, Oct 29, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Oct 29, 16:00 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: Europe
USD/JPY
Daily Technical Analysis − EUR: Attempt small longs at 1.2745 but only if prepared to add to 1.2400 by Mizuho Corporate Bank
The tiniest little rallyette from 1.2329 while one−month at−the−money implied remains terribly high. During this week we shall allow for a corrective bounce where short squeezes could be vicious.
Attempt small longs at 1.2745 but only if prepared to add to 1.2400; stop below 1.2300. First target 1.2875/1.2910 and probably 1.3000.
Dow Theory principles by Valeria Bednarik, analyst and foreign manager at MolFX - Management
Trend Trading - Part 1: Elements of Trend Trading in FX and Futures Markets by Don Wilcox, Forex News Analyst Trade The News
Check out how pairs moved: Live Currency Rates & Charts
Other Topics for This Session
Daily Forex Technical Report − FOMC in Focus, 50bps Cut Expected by ActionForex.com
Start the Day - Hungary gets $25B from the EU, IMF and World Bank 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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 29 | 06:00 | Consumer Price Index (YoY) | 2.6% | 2.9% |
| Oct 29 | 06:00 | Consumer Price Index (MoM) | -0.2% | -0.1% |
German data point to further inflation slowdown (Thomson Financial News)
German inflation likely slowed for a third consecutive month in October, dampened by a decline in the cost of oil and seasonal foods, figures from the country's most populous state showed on Tuesday.
[ Full Story ]- TABLE−German Saxony Oct CPI −0.1 pct m/m, +2.7 pct y/y (Thomson Financial News)
- German data due−Saxony Oct CPI due 0800 GMT (Thomson Financial News)
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 29 | 18:15 | Fed Interest Rate Decision | 1.0% | 1.5% |
FOMC: Preview of policy meeting by Danske Bank A/S
Tomorrow at 19:15 CET the Federal Open Market Committee (FOMC) is set to announce its policy rate decision. Sentiment in global equity markets continues to be very negative and the improvement in USD money market rates has slowed to a snail's pace since Thursday.
[ Full Story ]- GLOBAL MARKETS−Stocks up on rate cut hopes, but outlook grim (Thomson Financial News)
FX Daily Update - What Will Another Rate Cut Mean for the Dollar? by FXstreet.com Independent Analyst
FOMC Preview: Coordinated Rate Cut Needed by GFT (Global Forex Trading)
Top Market Movers Review
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 28 | 23:50 | Industrial Production (YoY) | 0.4% | -0.3% | -6.9% |
| Oct 28 | 23:50 | Industrial Production (MoM) | 1.2% | 0.5% | -3.5% |
DATA SNAP: Japan Sep Indus Output +1.2% On Month (Dow Jones)
Japanese industrial production posted a better−than−expected 1.2% rise in September from the previous month, the government said Wednesday. Economists surveyed by Dow Jones Newswires and Nikkei had expected output to rise 0.5% during the month after a 3.5% drop in August.
[ Full Story ]- Read the Industrial Production data at METI
- Japan September Industrial Output Table Of Data (Dow Jones)
- INSTANT VIEW−Japan output up but manufacturers' outlook bleak (Thomson Financial News)
- POLL−Japan Sept industrial output, CPI, jobless (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 29 | 00:00 | ES | International Traders Conference (ITC) | |||
| 08:37 | DE | Consumer Price Index (MoM) (Oct)  | -0.2% | -0.1% | ||
| 08:37 | DE | Consumer Price Index (YoY) (Oct) | 2.6% | 2.9% | ||
| 09:30 | UK | M4 Money Supply (MoM) (Sep) | 1.5% | |||
| 09:30 | UK | M4 Money Supply (YoY) (Sep) | 11.5% | |||
| 09:30 | UK | M4 Sterling Lending (Sep) | £23.4B | |||
| 09:30 | UK | Mortgage Approvals (Sep) | 32K | 32K | ||
| 09:30 | UK | Net Consumer Credit (Sep) | £1.1B | £1.2B | ||
| 09:30 | UK | Net Lending to Individuals (Sep) | £1.4B | |||
| 12:30 | US | Durable Goods Orders (Sep) | -0.9% | -4.5% | ||