Wednesday, Oct 07, 07:36 GMT
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Forex Blogs
Tech Trading: GBP/USD Towards 1,5800? by César B. Leiceaga
Cable has made a false brake through yesterdays lows at 1,5875 and is now nearing 1,5900 resistance. I'm expecting the pair to roll over and retest 1,5800 area over the coming days unless 1,5940 − 1,5950 (38,20% and 50,00% Fibonacci's) are taken.
FX Market Readings: Less rise and more drops for a day by Dr. S. Sivaraman
Chartology: USD/CHF swing set up on 30 and 60 minute charts by Raghee Horner
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Oct 7, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
An introduction to Price Behaviour: Part 1
Expert: Mike Baghdady
Start: Wed, Oct 7, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 7, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Oct 7, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
| Wed, Oct 7, 12:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Oct 7, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
Current Session: Europe
A test of this year's low at 87.10, and critical long term support at 85.00 is imminent
Mizuho Corporate Bank − Going as planned with ‘triangle' consolidation under trendline resistance with the 9−day moving average pushing prices lower. The US dollar is slightly oversold and bearish momentum has increased. A test of this year's low at 87.10, and then critical long term support at 85.00, is imminent.
AUD/USD
The .9000 psychological level is the next upside objective by InnerFX
The long−term upward trend line into the .8700 zone has been broken, providing a key confirmation of current uptrend. The .9000 psychological level is the next upside objective
GBP/USD
Yesterday's cap at 1.6049 suggests that we're not going to see it this high again by FX−Forecaster.com
Yesterday's cap at 1.6049 appears to suggest that we're not going to see it this high again for a while. Thus, only a break above 1.6006−1.6046 will resurrect the full retracement target at 1.6169.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Oct 7 | 09:00 | Gross Domestic Product s.a. (QoQ) | -0.1% | -2.5% |
| Oct 7 | 09:00 | Gross Domestic Product s.a. (YoY) | -4.7% | -4.9% |
EMU economic indicators - EMU GDP is unlikely to be revised significantly by BHF−Bank
Following their usual seasonal pattern, the German trade balance and current account are expected to have deteriorated in August. Q2 EMU GDP is unlikely to be revised significantly.
[ Full Story ]Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Oct 7 | 10:00 | Factory Orders s.a. (MoM) | 1.2% | 3.5% |
| Oct 7 | 10:00 | Factory Orders n.s.a. (YoY) | -19.9% | -19.8% |
US CONSUMER CREDIT
| Date (GMT) | Event | Cons. | Previous | |
| Oct 7 | 19:00 | Consumer Credit | -$10.0B | -$21.6B |
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
Switzerland UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 7 | 05:45 | Unemployment Rate | 3.9% | - | 3.8% |
| Oct 7 | 05:45 | Unemployment Rate s.a. | 4.1% | 4.1% | 4.0% |
Switzerland Sep Unemployment Rate increases to 3.9% from 3.8% (FXstreet.com)
[ Full Story ]- Read the Employment data at SECO [text in German]
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 7 | 00:00 | IMF Meeting | ||||
| 01:30 | AU | Home Loans (Aug) | -0.6% | -0.5% | -2.2% |
|
| 05:00 | JP | Leading Economic Index (Aug)  | 83.3 | 83.4 | 82.5 |
|
| 05:45 | CH | Unemployment Rate (Sep) | 3.9% | 3.8% | ||
| 05:45 | CH | Unemployment Rate s.a. (Sep) | 4.1% | 4.1% | 4.0% | |
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (2Q) | -0.1% | -2.5% | ||
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (2Q) | -4.7% | -4.9% | ||
| 09:30 | UK | BRC Shop Price Index (MoM) (Sep) | 0.10% | -0.02% | ||
| 09:30 | UK | BRC Shop Price Index (YoY) (Sep) | -0.1% | -0.1% | ||
| 10:00 | DE | Factory Orders s.a. (MoM) (Aug) | 1.2% | 3.5% | ||