Monday, Oct 26, 08:50 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
FX Market Readings: Last week of the month− expected volatile moves for today by Dr. S. Sivaraman
Now we have entered into last week of the month.The day light saving system is off in Europe and UK from now and from next week 02 Nov in US also the standard time will be used.The players also change the session times accordingly for this week as follows.From Nov.02,standard times will be followed and are given below each session.
The Disciplined Trader: EUR/USD made another new top by Pierre Charlebois
Chartology: Continuation Rising Wedge on the 240min EUR/USD by Raghee Horner
FxBootcamp: Weekly Pivot Points by Curt Wehrley
Sponsored by 
Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Oct 26, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 26, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 26, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Oct 26, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Oct 26, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Mon, Oct 26, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
Decline to 1.6300 is a reminder that the pound isn't performing so well
InnerFX − Friday's decline to as low as 1.6300 is a reminder that the pound isn't performing so well lately and shows weakness across the board, especially against euro and yen. The 390 points decline has erased most of recent gains and the weekly bar suggests a reversal, favoring downside action from now on.
EUR/USD
Upside Momentum With Cautious Hold Above 1.5000 by FXTechstrategy
A third consecutive week of upside gains saw EUR printing a 14−month high at 1.5059 and closing above its big psycho level at 1.5000 the past week.
USD/JPY
USD/JPY slid from recent highs near 92.16 to just near 91.57 by FOREX.com
The yen benefitted as well from the report, as USD/JPY slid from recent highs near 92.16 to just near 91.57 for the day. Yen crosses all dropped in favor of a stronger yen
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Financial Trend Analysis , KBC , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Event of the Day
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 26 | 07:00 | Gfk Consumer Confidence Survey | 4.0 | 4.5 | 4.2 |
German GfK Nov Consumer Sentiment At 4.0 vs 4.2 In Oct (Dow Jones)
German market−research group GfK's forward−looking consumer climate index fell to 4.0 points for November, Reuters news agency said Monday.
[ Full Story ]EMU economic indicators - The German GfK consumer confidence for November will probably only have stabilised by BHF−Bank
Event of the Week
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 12:30 | Gross Domestic Product Annualized | - | 3.1% | -0.7% |
| Oct 29 | 12:30 | Gross Domestic Purchases Price Index | - | 1.2% | -1.4% |
Friday Notes - A strong third quarter by UniCredit Group
The GDP numbers for the third quarter being released this coming Thursday should show that the US has emerged with gusto from the most severe recession of the post World War II era. We expect growth at an annual rate of 3¾%
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 26 | 00:30 | AU | Producer Price Index (QoQ) (3Q) | 0.1% | 0.3% | -0.8% |
| 00:30 | AU | Producer Price Index (YoY) (3Q) | 0.2% | 0.5% | 2.1% |
|
| 07:00 | DE | Gfk Consumer Confidence Survey (Nov) | 4.0 | 4.5 | 4.2 |
|
| Oct 27 | 07:00 | CH | UBS Consumption Indicator (Sep) | 0.66 | ||
| 09:00 | EMU | M3 (3M Avg) (Sep) | ||||
| 09:00 | EMU | M3 (YoY) (Sep) | 2.5% | |||
| 11:00 | UK | CBI Distributive Trades Survey − Expected (MoM) (Oct) | 36% | |||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Oct) | 3 | |||
| 14:00 | US | Consumer Confidence (Oct) | 53.1 | |||
| 14:00 | US | Richmond Fed Manufacturing Index (Oct) | 14 | |||
Educational Resources
Volatility Illuminated by Mark Whistler
Volatility Illuminated presents durable up−to−the−minute strategies for intraday and swing traders (institutional and retail). Readers will learn the importance of subset distribution compression, expansion, acceleration, force and mass, all pulled together in a simple, easy−to−understand format.
Alberto Muñoz said about the book that it is "full of very innovative trading ideas and theories, which will probably open your mind to new views about how financial markets work. The writing style is catchy and holds interest, and explanations are very clear and enjoyable."
Read more about Mark Whistler's new book!
Related Resources
Volatility Trading Strategies to Perceive and Defeat FX Volatility through Traditional Indicators - Live Session on Mon, Nov 2 2009 at 16:00 GMT - Register Here
Check his author's page to know more about him and his contributions!