Wednesday, Oct 28, 08:42 GMT
EUROPEAN Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
To Get Started
- EUR/USD to reach levels below 1.35 or above 1.75? Whatch the videos with the experts forecasts
- Go to the Forum and tell us if you agree with Rob Booker, Ashraf Laidi, Kim Cramer or James Chen
- Real-Time Economic Calendar: New 2.0 Design with upgraded charts and sound notifications
- WEBINAR VIDEOS: Monthly Webinar: Harmonic Patterns by Sunil Mangwani
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
FX Market Readings: Mid week − expected moves for the day by Dr. S. Sivaraman
EURO and GBP made a brief drop during start of Japanese session and are expected swing near high during late Japanese session.Then after a brief upward stop hunt they are expected to drop quickly during Early European session.
FxBootcamp: FOREX VIDEO - European Outlook October 28th 2009 by David R Pegler
Francesc's Weblog: FXCM Applies New Margin Requirements One Week Earlier by Francesc Riverola
Tech Tradig: EUR/GBP Formed lower highs by César B. Leiceaga
Sponsored by 
Live Sessions Schedule
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Oct 28, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Oct 28, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 28, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Wed, Oct 28, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Oct 28, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
| Wed, Oct 28, 15:00 GMT | An introduction to Price Behaviour: Part 4 | Mike Baghdady | WBN | |
Current Session: Europe
Allow for consolidation between 91.20 and 92.00 this morning
Mizuho Corporate Bank − Retreating from the 38% Fibonacci retracement resistance and the increasingly large Ichimoku ‘cloud', as expected. Allow for some more consolidation this morning, roughly between the 9−day moving average at 91.20 and the lower edge of the ‘cloud' at 92.00; then down again towards the 26−day average at 90.17.
EUR/USD
Euro's sell−off continued on yesterday as a result of equities pulling back by InnerFX
Euro's sell−off continued on yesterday as a result of equities pulling back from recent top sides. Support has been found on the 50% retracement of October's swing from 1.4480 to 1.5060
GBP/USD
The Hourly is in a Range trading with a downside bias by Precise Trader
The Hourly is in a Range trading with a downside bias and expect the price be choppy with a potential to break lower , 16410−65 are the critical levels to watch to maintain the bearish outlook.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Financial Trend Analysis , KBC
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Event of the Day
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 28 | 12:30 | Durable Goods Orders ex Transportation | - | 0.7% | 0.8% |
| Oct 28 | 12:30 | Durable Goods Orders | - | 1.0% | -2.4% |
US economic indicators - Durable goods orders (Sep): rising slightly after August plunge by BHF−Bank
After plummeting by 2.6% mom in August, durable goods orders could have risen by about 1% mom in September.
[ 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 28 | 00:30 | AU | Consumer Price Index (YoY) (3Q) | 1.3% | 1.2% | 1.5% |
| 02:00 | NZ | Business Confidence (Oct) | 48.2 | 49.1 | ||
| 07:00 | DE | Import Price Index (MoM) (Sep) | -0.9% | -0.7% | 1.3% | |
| 07:00 | DE | Import Price Index (YoY) (Sep) | -11.0% | -10.7% | -10.9% | |
| 11:00 | US | MBA Mortgage Applications (Oct 23) | -13.7% | |||
| n/a | DE | Consumer Price Index (MoM) (Oct)  | 0.1% | -0.4% | ||
| n/a | DE | Consumer Price Index (YoY) (Oct) | 0.0% | -0.3% | ||
| 12:30 | US | Durable Goods Orders (Sep) | 1.0% | -2.4% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Sep) | 0.7% | 0.8% | ||
| 14:00 | US | New Home Sales (MoM) (Sep) | 2.6% | 0.7% | ||
Educational Resources
Profit from trading by going back to basics
Untrained traders flooding in paired with unprecedented market volatility means the game has changed for professional traders, but the solution is simpler than others would have you believe... Read full Mike Baghdady's article !
From Mike Baghdady as well:
An introduction to Price Behaviour: Part 4 - Live Session on Wed, Oct 28 2009 at 15:00 GMT - Register Here
Webinar recordings - An introduction to Price Behaviour at his author's page