Tuesday, Oct 06, 07:37 GMT
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Forex Blogs
Tech Trading: EUR/GBP Position closed by César B. Leiceaga
Yesterday I shared a trade with with you guys: (http://blogs.fxstreet.com/techtrading/2009/10/05/eurgbp−intraday−outlook/). My order got filled at 0,9194 near NY session close and decided to trade out at the same price and wait for another opportunity.
The Day Job Trader: GBP/USD Continues to Snooze Near $1.6000 by Ryan O'Keefe
FX Market Readings: Swing moves are seen by Dr. S. Sivaraman
Sponsored by 
Live Sessions Schedule
London Session Scenarios on GBPUSD & GBPJPY
Expert: Mihai Marinescu
Start: Tue, Oct 6, 08:00 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 5, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 6, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN |  |
| Tue, Oct 6, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Oct 6, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
| Tue, Oct 6, 19:00 GMT | Trading Profitably Intraday | Lea Peters | WBN | |
Current Session: Europe
An important top is in place above 1.4800
DailyFX − As long as the EURUSD is below 1.4680, my working assumption is that an important top is in place above 1.4800 (either a B wave or 2nd wave high within the bear that began at 1.6000 in 2008). Coming under 1.4480 would likely lead to an acceleration of weakness towards a 100% extension at 1.4360 and a 161.8% extension at 1.4160. Above 1.4680 would negate the short term bearish view.
GBP/USD
Consolidating in what looks like an inverted ‘pennant' under the 9−day MA by Mizuho Corporate Bank
Consolidating in what looks like an inverted ‘pennant' under the 9−day moving average and the sort of ‘neckline' of a potential ‘head−and−shoulders' top.
USD/JPY
On potential dollar gains, look for resistance into the 89.50/65 region by InnerFX
On potential dollar gains, look for resistance into the 89.50/65 region then above, at 90. A minor support is formed by an upward trend line around 88.75
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 6 | 08:30 | Industrial Production (YoY) | -8.8% | -9.9% |
| Oct 6 | 08:30 | Manufacturing Production (YoY) | -9.3% | -10.1% |
| Oct 6 | 08:30 | Industrial Production (MoM) | 0.1% | 0.4% |
| Oct 6 | 08:30 | Manufacturing Production (MoM) | 0.3% | 0.9% |
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 8 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% |
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 8 | 11:45 | ECB Interest Rate Decision | 1% | 1% |
EMU economic indicators - ECB council: No policy change by BHF−Bank
The ECB Council is holding its regular monthly meeting on Thursday. The interest rate decision will be announced at 13:45hrs, the press conference is scheduled for 14:30hrs. Over the last few weeks, policymakers have repeatedly stated that it is too early to withdraw stimulus and declare the crisis over.
[ Full Story ]Forex Trading Strategies - ECB, EuroZone politicians clearly fed up with Euro strength by Saxo Bank
US TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 9 | 12:30 | Trade Balance | -$32.70B | -$31.96B |
US economic indicators - Trade balance (Aug): Rising slightly due to higher prices by BHF−Bank
Top Market Movers Review
Australia RBA INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 6 | 03:30 | RBA Interest Rate Decision | 3.25% | 3.00% | 3.00% |
Top Fundamental Stories - The RBA decided to raise interest rates by 25 basis points by ecPulse.com
The Reserve Bank of Australia decided to raise interest rates by 25 basis points to reach 3.25% after it was kept at the low record of 3.00% for six months which was the lowest record in almost half century.
[ Full Story ]- Read the Rate data at RBA
- RBA decides to raise rates by 0.25% (Forex Live)
- AUDUSD falls ahead of RBA decision (Forex Live)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 6 | 00:30 | AU | Trade Balance (Aug) | -1524M | -910 | -1783M |
| 03:30 | AU | RBA Interest Rate Decision | 3.25% | 3.00% | 3.00% | |
| 07:15 | CH | Consumer Price Index (MoM) (Sep) | 0.0% | 0.2% | 0.1% | |
| 07:15 | CH | Consumer Price Index (YoY) (Sep) | -0.9% | -0.7% | -0.8% | |
| 08:00 | UK | Halifax House Prices (MoM) (Sep) | 0.6% | 0.8% | ||
| 08:00 | UK | Halifax House Prices (YoY) (Sep) | -10.1% | |||
| 08:30 | UK | Industrial Production (MoM) (Aug) | 0.1% | 0.4% | ||
| 08:30 | UK | Industrial Production (YoY) (Aug) | -8.8% | -9.9% | ||
| 08:30 | UK | Manufacturing Production (MoM) (Aug) | 0.3% | 0.9% | ||
| 08:30 | UK | Manufacturing Production (YoY) (Aug) | -9.3% | -10.1% | ||
Educational Resources
Methods of Forecasting the Behavior of the Forex Market
Trying to predict market activity is a complex exercise. Franco Shao looks at the different strategies for predicting market activity – Technical analysis and Fundamental analysis. Read the article!
Other articles from Forex Journal
Choosing an Online Account Type for Forex Trading by Michael Hiller
Top ten tips for forex success - Read first part of the Jade Gate's article