Tuesday, Oct 27, 08:35 GMT
EUROPEAN Trading Newsletter
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- EUR/USD to reach levels below 1.35 or above 1.75? Whatch the videos with the experts forecasts
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Forex Blogs
FX Market Readings: Swing and more slide moves by Dr. S. Sivaraman
EURO and GBP made the drop ywesterday during US session as expected.They have made a drop and firmed up to slide during close of Japanese session.then firm up again during early European session and slide towards close of European session.Swing and slide moves are expected again during US session.
The Day Job Trader: GBP/USD Stopped at Resistance, Support at $1.6100? by Ryan O'Keefe
FxBootcamp: FOREX VIDEO - European Outlook October 27th 2009 by David R Pegler
The Disciplined Trader: EUR/USD makes larget one day move in over a month by Pierre Charlebois
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Oct 27, 14:00 GMT
Type of Session: Webinar
Trading Price−Oscillator Divergences in the Forex Market
Expert: James Chen
Start: Tue, Oct 27, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 27, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN |  |
| Tue, Oct 27, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Oct 27, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Oct 27, 15:00 GMT | Trading Price−Oscillator Divergences in the Forex Market | James Chen | WBN | |
Current Session: Europe
Lower stock markets caused euro's decline to 1.4820/50 support zone
InnerFX − Yesterday's losses in equities caused the euro's decline into the key support zone into the 1.4820/50 region. Former resistance around 1.4830 which is the top side of September provides support and while it holds, uptrend will remain intact, despite yesterday's decline of 220 points which is probably corrective. Although the euro recovered throughout today's Asian session, downside risk remain high as the equities may resume the decline later today, therefore keep an eye on the 1.4820/50 support zone until the euro will get back into a 'safer zone', eventually – above the 1.5000 mark.
USD/JPY
Pair remains above support at 92.05 and 91.90 by ecPulse.com
Up to this moment, the pair failed to breach the key support for the trend as the 20 and 50 MA's at 92.05 and 91.90 respectively, are still protecting the uptrend above the 38.2% correction...
GOLD
GOLD: Corrective Declines To Target The 1,030 Level by FXTechstrategy
As the commodity has halted its run to an all−time high of 1,070.37 and activated corrective pullbacks, all eyes are now on the 1,030.85 level, its 2008 high where a reversal of roles is expected.
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
Event of the Day
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 27 | 14:00 | Consumer Confidence | - | 53.6 | 53.1 |
US economic indicators - Consumer confidence indicators (Oct): No improvement by BHF−Bank
The Conference Board's consumer confidence unexpectedly fell slightly by 1.4 points to 53.1. Although it is already at a relatively low level, we expect consumer confidence to have remained unchanged in October: the University of Michigan's (UMI) preliminary consumer sentiment dropped by about 4 points to 69.4, as uncertainty about the economic outlook increased.
[ Full Story ]Event of the Week
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 12:30 | Gross Domestic Purchases Price Index | - | 1.2% | -1.4% |
| Oct 29 | 12:30 | Gross Domestic Product Annualized | - | 3.1% | -0.7% |
Friday Notes - A strong third quarter by UniCredit Group
[ Full Story ]GDP Observatory - US: Recovery will take hold in 3Q09 by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 27 | 07:00 | CH | UBS Consumption Indicator (Sep) | 0.63 | 0.63 | 0.62 |
| 09:00 | EMU | M3 (YoY) (Sep) | 2.2% | 2.5% | ||
| 11:00 | UK | CBI Distributive Trades Survey − Expected (MoM) (Oct) | 36% | |||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Oct) | 6 | 3 | ||
| 13:00 | US | S&P/Case−Shiller Home Price Indices (Aug) | -11.9% | -13.3% | ||
| 14:00 | US | Consumer Confidence (Oct) | 53.6 | 53.1 | ||
| 14:00 | US | Richmond Fed Manufacturing Index (Oct) | 14 | 14 | ||
| 16:00 | US | Treasury's Geithner Speech | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Oct 25) | -49 | -50 | ||
| 23:50 | JP | Retail Trade (YoY) (Sep) | -1.5% | -1.8% | ||
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!