Monday, Nov 03, 08:35 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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Forex Blogs
1st on Forex: Week Ahead − US Election Finally − Rates and NFP by Jerry Furst
I'm expecting the markets to be really quiet Monday and Tuesday as the world sits back and pops enough pop corn for the next few days (or maybe weeks). For Americans − It's time to decide if you are Red or Blue.
FX Market Readings: New month − expected moves by Dr. S. Sivaraman
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Nov 3, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Nov 3, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 3, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Nov 3, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Nov 4, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Nov 4, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades − Daily Technical Outlook − Monday 11.03.2008 by E−Forex
The Euro recovers some ground after finding support at 1.2700, the 61.8% retracement of the 1.2330−1.3297 move. Minor intraday support is also seen at 1.2815 while on the upside, resistance starts at 1.2925 followed by 1.3 and 1.3110. The daily studies are slightly bullish and will remain so while holding above the 1.2640−1.2700 support zone. Current quote is 1.2857 @07:40 GMT
Daily Analysis − The Yen rises as recession looms and hits high yielding currencies
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 1.2885, adding to 1.2750; stop below 1.2600 by E-Forex
Daily Forex Technical Report - Carry Trade Pairs Lead Rally against Dollar and Yen by ActionForex.com
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
UK PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Nov 3 | 09:30 | Purchasing Manager Index Manufacturing | 40 | 41 |
Friday Notes - Depressed sentiment both in the manufacturing... by HVB Group
UK manufacturing PMI should remain stable at 41.0 in October, the weakest level since 1992. At the current depressed level, the downside is limited, but we don't rule out further weakening throughout Q4. There are several factors weighing on the manufacturing sector: the credit squeeze, as well as the unfolding weakness in both domestic and external demand should keep denting the sector's confidence.
[ Full Story ]Top Market Movers Review
Australia RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 3 | 00:30 | Retail Sales (MoM) | 0.2% | - | 0.2% |
DATA SNAP:Australian Sep Trend Retail Sales Rise 0.2% Vs Aug (Dow Jones)
The trend estimate for Australian retail sales rose an as−expected 0.2% to A$18.35 billion in September from August, the Australian Bureau of Statistics said Monday. Economists surveyed ahead of the announcement on average had expected a rise of 0.2% in trend retail sales in September from August.
[ Full Story ]- Read the Retail Sales at Australian Bureau of Statistics
- TABLE−Recent Australian economic statistics (Thomson Financial News)
- Aussie lifted by better risk appetite, bills firm (Thomson Financial News)
- Australia Sept retail sales fall 1.1 pct, s/adj (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 3 | 00:30 | AU | House Price Index (QoQ) (1Q) | -1.8% | -0.3% | |
| 00:30 | AU | House Price Index (YoY) (3Q) | 2.8% | 8.2% | ||
| 00:30 | AU | Retail Sales Ex Inflation (QoQ) (3Q) | -1.1% | -0.6% | ||
| 05:30 | AU | RBA Commodity Index SDR (YoY) (Oct) | 32.4% | 42.3% |
||
| 08:30 | CH | SVME − Purchasing Managers' Index (Oct) | 47.0 | 45.5 | 47.8 | |
| 08:55 | DE | Purchasing Manager Index Manufacturing (Oct) | 43.3 | 47.4 | ||
| 09:00 | EMU | Purchasing Manager Index Manufacturing (Oct) | 41.3 | 45.0 | ||
| 09:30 | UK | Purchasing Manager Index Manufacturing (Oct) | 40 | 41 | ||
| 09:45 | EMU | European Comission's Economic Growth Forecasts | ||||
| 15:00 | US | Construction Spending (MoM) (Sep) | -0.8% | 0.0% | ||