Tuesday, Nov 04, 08:44 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Bollinger Bands and RSI by Valeria Bednarik
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Success with our Pound Yen Selling Opportunity by Tim Salem
Our initial 3−Lot position taken this pair after the Sydney Open came to fruition nicely! The Fibonacci "anchors" I had in place within our support−and−resistance Channel served their purpose well on our Hourly chart.
FX Market Readings: Expected market moves for today by Dr. S. Sivaraman
FxBootcamp: Pre London Outlook November 4th 2008 by Wayne McDonell
Live Sessions Schedule
Fundamental Review
Expert: Adam Rosen
Start: Tue, Nov 4, 14:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Nov 4, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 4, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Nov 4, 14:00 GMT | Fundamental Review | Adam Rosen | WBN |  |
| Tue, Nov 4, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Nov 4, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe
USD/CHF
Currency Majors Technical Analysis − 1,1767. USD CHF is in an uptrend supported by 1H exponential moving averages by Mataf.net
1,1767. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a support above 1,1720 (47 pips). The uptrend should continue to gather momentum.
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 FACTORY ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Nov 4 | 14:00 | Factory Orders | -1.3% | -4.0% |
US economic indicators - Factory orders (September): decrease partly due to falling energy prices by BHF−Bank
Moreover, the development of the ISM new orders component indicates a decline in factory orders, as the graph shows. We thus expect total factory orders to have fallen by about 0.5% mom in September. The August decline could be revised from –4.0% to –4.5% mom.
[ Full Story ]Top Market Movers Review
Australia RBA INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 4 | 03:30 | RBA Interest Rate Decision | 5.25% | 5.50% | 6.00% |
Australia's central bank cuts rates to 5.25 pct (Thomson Financial News)
Australia's central bank cut its key benchmark cash rate 75 basis points to 5.25 percent on Tuesday, the third easing in as many months, as it battled to save the economy from a global recession. The Reserve Bank of Australia (RBA) announced the cut in a brief statement following its monthly policy meeting.
[ Full Story ]- Read the RBA Interest Rate at Reserve Bank of Australia
- UPDATE 2−Australia central bank slashes rates, again (Thomson Financial News)
- TOPWRAP 2−Australia cuts rates; world recession gloom builds (Thomson Financial News)
- Aussie drops after aggressive rate cut, bills soar (Thomson Financial News)
Overnight Briefing - Australia cuts rates by 75 bp to 5.25 % by Jyske Bank
New Zealand ANZ COMMODITY PRICE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 4 | 02:00 | ANZ Commodity Price | -7.4% | - | -4.9% |
NZ commodity prices fall to 18−month low in October (Thomson Financial News)
New Zealand commodity prices fell in October, the third month of declines, to sit at an 18−month low, a survey from the ANZ Bank showed on Thursday. ANZ's commodity price index fell 7.4 percent on the previous month, and was down 10.9 percent on a year ago.
[ Full Story ]- Read the ANZ Commodity Price at Australia and New Zealand Banking Group Ltd.
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 4 | 00:00 | EMU | Ecofin Meeting | |||
| 00:00 | US | U.S. Presidential Election | ||||
| 06:45 | CH | Consumer Price Index (MoM) (Oct) | 0.5% | 0.4% | 0.1% | |
| 06:45 | CH | Consumer Price Index (YoY) (Oct) | 2.6% | 2.5% | 2.9% | |
| 09:30 | UK | PMI Construction (Oct) | 37.7 | 38.8 | ||
| 10:00 | EMU | Producer Price Index (MoM) (Sep) | -0.1% | -0.5% | ||
| 10:00 | EMU | Producer Price Index (YoY) (Sep) | 8.0% | 8.5% | ||
| 14:00 | US | Factory Orders (Sep) | -1.3% | -4.0% | ||
| 23:30 | JP | Monetary Base (YoY) (Oct) | 0.9% | |||
| Nov 5 | 00:01 | UK | Nationwide Consumer Confidence (Oct) | 50 | ||