Friday, Oct 31, 08:27 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, 17:22 GMTSunil Mangwani, Derek Frey, Rob Booker and we are done for today!
Rob Booker was the one who closed this intensive second day with the topic: ‘Developing the Trader's Mind: Strategies for Long Term Success'.Look at the pictures.
Forex Blogs
1st on Forex: Trick or Treat − Low Rates and Other Good Numbers? by Jerry Furst
The past few days have seen the US Dollar give back a small portion of it's historic rally − save the Yen… This despite factors that fundamentally − "in normal times" − should have hammered the greenback. The biggest factor being the FOMC dropping rates to 1%, and GDP coming in an anemic 0.3%.
Forex Trading Today: GBP/JPY… and Why I did Nothing over the last Two Days by Tim Salem
Live Sessions Schedule
Banging around the Bands
Expert: Chris Capre
Start: Fri, Oct 31, 14:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Oct 31, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 31, 08:00 GMT | The Forex Basic Training Program − Chapter VIII | Wayne McDonell | WBN |  |
| Fri, Oct 31, 12:30 GMT | Dan Blystone's Daily Briefing  | Dan Blystone | WBN | |
| Fri, Oct 31, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Oct 31, 14:00 GMT | Banging around the Bands | Chris Capre | WBN | |
Current Session: Europe
EUR/JPY
Daily Forex Technical Report − Dollar and Yen Rebound Despite BoJ Cut by ActionForex.com
EUR/JPY's sharp fall from 131.02 with 4 hours MACD dragged below signal line indicates that an intraday top is in place. Outlook is turned neutral for the moment. As discussed before, break of 121.38 support will indicate that rebound has completed and flip intraday bias back to the downside for retesting 113.63 low. On the upside, while some more recovery cannot be ruled out, we'd still expect upside to be limited by 132.18 resistance.
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 Technical Analysis - EUR: Attempt small longs at 1.2700; stop below 1.2300 by Mizuho Corporate Bank
Currency Majors Technical Analysis by Mataf.net
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
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 31 | 10:00 | Consumer Price Index (YoY) | 3.3% | 3.6% |
EMU economic indicators - EMU inflation (October) flash estimate: decline to 3.1 % yoy by BHF−Bank
The Eurostat flash estimate is likely to show that euro area inflation has decreased to 3.1% yoy in October. This would correspond with unchanged prices in unadjusted terms.
[ Full Story ]Top Market Movers Review
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 31 | 07:00 | Retail Sales (MoM) | -2.3% | - | 3.1% |
| Oct 31 | 07:00 | Retail Sales (YoY) | 1.2% | - | -3.0% |
DATA SNAP: German Sep Retail Sales −2.3% MM, +1.2% YY (Dow Jones)
German retail sales fell more sharply than anticipated in September from the previous month, according to data provided by the Federal Statistics Office Friday. Retail sales declined 2.3% from August in real, adjusted terms, the statistics office said.
[ Full Story ]- German retail sales fall more than expected in Sept (Thomson Financial News)
- TABLE−German retail sales fall 2.3 pct m/m in Sept (Thomson Financial News)
- German retail sales tumble in September (FXstreet.com)
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 31 | 04:30 | BoJ Interest Rate Decision | 0.3% | 0.5% | 0.5% |
WRAPUP 3−Divided Bank of Japan trims rates as crisis bites (Thomson Financial News)
A divided Bank of Japan cut interest rates for the first time in seven years on Friday, under government pressure to join the global response to the worst financial crisis in 80 years.
[ Full Story ]- Read the Official Statement at BoJ
- JGBs gain after first BOJ rate cut in 7 years (Thomson Financial News)
- TEXT−BOJ cuts interest rates to 0.3 pct from 0.5 pct (Thomson Financial News)
- TOPWRAP 2−Japan cuts rates to stem crisis, Europe to follow (Thomson Financial News)
Market Session Recaps - Asia Session by FOREX.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 31 | 00:00 | ES | International Traders Conference (ITC) | |||
| 07:00 | DE | Retail Sales (MoM) (Sep) | -2.3% | 3.1% | ||
| 07:00 | DE | Retail Sales (YoY) (Sep) | 1.2% | -3.0% | ||
| 08:26 | JP | BoJ Press Conference | ||||
| 10:00 | EMU | Consumer Price Index (YoY) (Oct)  | 3.3% | 3.6% | ||
| 10:00 | EMU | Unemployment Rate (Sep) | 7.5% | |||
| 10:30 | CH | KOF Leading Indicator (Oct) | 0.49 | 0.62 | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Sep) | 0.1% | 0.2% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Sep) | 2.5% | 2.6% | ||
| 12:30 | US | Employment Cost Index (3Q) | 0.7% | 0.7% | ||