Thursday, Oct 30, 08:56 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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International Traders Conference
Oct 30, 08:13 GMTDay 2 begins with more Live Trading
Who said that sequels are worse than first episodes?
The second day of he ITC has started and after the Fed decision, Live Trading is going on more active than ever. Take a look to the pictures!
Forex Blogs
FX Market Readings: Expected moves during US session by Dr. S. Sivaraman
Today US session is considered by many as inportant day for the market to pick up the clues and move further − the FOMC interest rate decision is to be annouced by 18:15 GMT. I am expecting the market to make small swings till the announcement time and then drop quickly about 50−70 pips before the rate announcement and then quickly rise there after for the day.
FX Path: Dollar Weakness − Euro Strength by James Chen
Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Oct 30, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Oct 30, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 30, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, Oct 30, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Thu, Oct 30, 16:00 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Fri, Oct 31, 08:00 GMT | The Forex Basic Training Program − Chapter VIII | Wayne McDonell | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The recovery continues and the Euro managed to break the 1.3 barrier by E−Forex
The recovery continues and the Euro managed to break the 1.3 barrier, advancing higher to 1.33 before giving back some gains. Daily momentum is slightly bullish now, while holding above 1.3. Resistance is seen at 1.3300 followed by 1.3450 and 1.3600. Support starts at 1.3100 backed by 1.3 and 1.2850. Intraday studies are highly bullish at the time of this writing. While the extreme volatility sets daily ranges of 350 to 500 points, trading "for pips" is far from being a good idea.
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 - Dollar and Yen Weakened after Fed Cut, Focus Turns to Q3 GDP by ActionForex.com
Forex Technical Analysis - EUR/USD: (1.3220) Strong rebound puts pair back in channel off 1.4867 by KBC 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 UNEMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 30 | 08:55 | Unemployment Rate s.a. | 7.6% | 7.6% |
| Oct 30 | 08:55 | Unemployment Change | -10 | -29K |
Friday Notes - A strong decline in non−adjusted unemployment is expected by HVB Group
The normal autumn recovery should have continued with a strong decline in non−adjusted unemployment in October. Even adjusted for seasonal factors, unemployment was likely down once again. The strong economic downswing already being observed should increasingly impact job growth. The recent drastic turnaround in corporate hiring plans should also end the upswing on the labor market soon.
[ Full Story ]US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Oct 30 | 12:30 | Gross Domestic Product Annualized | -0.5% | 2.8% |
| Oct 30 | 12:30 | Gross Domestic Purchases Price Index | 4.0% | 4.3% |
Friday Notes - Weak September figures almost guarantee a sizable contraction in Q4 by HVB Group
Net exports improved further in Q3, the inventory contraction was less extreme, non−residential construction posted a mild increase, and the government sector expanded. But residential construction continued to slide, real consumption was down, and business spending on equipment and software was flat. The net result was likely a minor increase in real GDP. But weak September figures almost guarantee a sizable contraction in Q4.
[ Full Story ]- COMMODITIES−Jump on rate cuts, eyes on U.S. GDP (Thomson Financial News)
Top Market Movers Review
Australia CONFERENCE BOARD AUSTRALIA LEADING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 23:00 | Conference Board Australia Leading Index | 0.4% | - | 0.0% |
TABLE−Recent Australian economic statistics (Thomson Financial News)
Following is Table of the latest Australian economic data
[ Full Story ]- Read the CB Leading Index at The Conference Board Inc.
- POLL−Consensus of Australian economic forecasts (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 30 | 00:00 | ES | International Traders Conference (ITC) | |||
| 07:01 | UK | Nationwide Housing Prices n.s.a (YoY) (Sep) | -14.6% | -12.4% | ||
| 08:55 | DE | Unemployment Change (Oct) | -10 | -29K | ||
| 08:55 | DE | Unemployment Rate s.a. (Oct) | 7.6% | 7.6% | ||
| 10:00 | EMU | Consumer Confidence (Oct) | -21 | -19 | ||
| 10:00 | EMU | Economic Confidence (Oct) | 86.0 | 87.7 | ||
| 10:00 | EMU | Industrial Confidence (Oct) | -14 | -12 | ||
| 12:30 | US | Gross Domestic Product Annualized (3Q)  | -0.5% | 2.8% | ||
| 12:30 | US | Gross Domestic Purchases Price Index (3Q) | 4.0% | 4.3% | ||
| 12:30 | CA | Industrial Product Price (MoM) (Sep) | -0.5% | -0.2% | ||