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Forex Blogs
Chartology: Getting comfortable with CRAZY by Raghee Horner
I'm not an active GBP/JPY trader mainly because it's, well, you know, CRAZY! But I've been getting to know this pair and studies like the PowerStats have helped.
FX Bootcamp: FOREX VIDEO - European Outlook October 30th 2009 by David R Pegler
FX Market Readings: Month end -expected market moves by Dr. S. Sivaraman
The Disciplined Trader: What is the most likely path for the EUR/USD next? by Pierre Charlebois
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Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Fri, Oct 30, 10:00 GMT
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Nov 2, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 30, 09:00 GMT | Trading the Harmonic patterns  | Sunil Mangwani | WBN |  |
| Fri, Oct 30, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Fri, Oct 30, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Fri, Oct 30, 13:00 GMT | Live Trading Set Ups with Chart Patterns and Market Cycles | Raghee Horner | WBN | |
Current Session: Europe
Weekly close above 1.6665 should add some much−needed bullish momentum
Mizuho Corporate Bank − Cable has crawled its way above a very thin Ichimoku ‘cloud'. It is no longer overbought though momentum is zero and futures volume remains very high suggesting massive speculation. Allow for more of the same today noting that the longer we hold above 1.6200 the more upside pressure ought to build for an eventual break above pivotal resistance around 1.6665. A weekly close above here should add some much−needed bullish momentum.
EUR/USD
Eur/Usd has a little double top on the hourly charts at 1.4862 by Charmer Charts.com
Eur/Usd has a little double top on the hourly charts at 1.4862 and this currently is keeping a lid on prices. The short and longer term stochastics do still point lower and therefore a break of 1.4815 this morning would make the market weaker
USD/JPY
4−hour chart's Slow Stochastic is indicating a fresh bearish cross by ForexYard
The daily chart is showing mixed signals with its RSI fluctuating in the neutral territory. However, the 4−hour chart's Slow Stochastic is indicating a fresh bearish cross suggesting that a downwards correction might take place
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Event of the Day
US PERSONAL INCOME
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 30 | 12:30 | Personal Consumption Expenditures | - | -0.5% | 1.3% |
| Oct 30 | 12:30 | Personal Consumption Expenditure Deflator | - | -0.5% | -0.5% |
| Oct 30 | 12:30 | Personal Income (MoM) | - | 0.1% | 0.2% |
US economic indicators - The PCE core deflator is likely to have gone up by a mere 1.5% qoq in Q3 by BHF−Bank
Given the modest rise in average hourly earnings and the slight drop in working hours, we forecast that personal income will have increased by a mere 0.1% mom in September.
[ Full Story ]Event of the Week
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 12:30 | Real Personal Consumption Expenditures (QoQ) | 3.4% | - | -0.9% |
| Oct 29 | 12:30 | Gross Domestic Purchases Price Index | 1.6% | 1.2% | -1.4% |
| Oct 29 | 12:30 | Gross Domestic Product Annualized | 3.5% | 3.2% | -0.7% |
Fundamental Currencies Comments - Optimism after the release of the U.S. GDP by ecPulse.com
[ Full Story ]- Read the GDP data at Commerce Department
- CURRENCIES: Dollar Falls As GDP Data Boosts Risk Appetite (Dow Jones)
- U.S. markets advance after stronger than expected GDP; Dollar and Yen plunge (FXstreet.com)
- CURRENCIES: Dollar Falls As GDP Data Boosts Risk Appetite (Dow Jones)
US: Business sector GDP expands 5% in Q3 by National Bank of Canada
Fundamental Currencies Comments - Majors gained ahead of the U.S GDP by ecPulse.com
US: Big gain advance Q3 GDP expected by Easy Forex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 30 | 07:00 | DE | Retail Sales (MoM) (Sep) | -0.5% | 0.8% | -1.5% |
| 07:00 | DE | Retail Sales (YoY) (Sep) | -3.9% | -2.2% | -2.6% | |
| n/a | UK | Nationwide Housing Prices s.a (MoM) (Oct) | 0.4% | 0.6% | 0.9% | |
| n/a | UK | Nationwide Housing Prices n.s.a (YoY) (Oct) | 2.0% | 1.8% | 0.0% | |
| 10:00 | EMU | Consumer Price Index (YoY) (Oct)  | -0.1% | -0.3% | ||
| 10:00 | EMU | Unemployment Rate (Sep) | 9.7% | 9.6% | ||
| 10:30 | CH | KOF Leading Indicator (Oct) | 1.16 | 0.85 | ||
| 12:30 | CA | Gross Domestic Product (MoM) (Aug) | 0.1% | 0.0% | ||
| 12:30 | US | Personal Consumption Expenditure Deflator (Sep) | -0.5% | -0.5% | ||
| 12:30 | US | Personal Consumption Expenditures (Sep) | -0.5% | 1.3% | ||