Monday, Nov 02, 08:49 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
1st on Forex: NFP − FOMC − CIT and Familiar Chart Patterns by Jerry Furst
Last Week the VIX closed over 30 spiking to an intraday high of over 31 on Friday with the DOW dropping 250 points and the S&P 500 dropping over 30 points and the S&P 500 breaking trend line support. Looking at chart patterns is often called an art and a science. The Daily charts of the Euro and the Weekly chart of the VIX (S&P 500 Volatility Index) may give technical traders time to pause over the next two images I show.
FX Bootcamp: Weekly Pivot Points by Wayne McDonell
FX Market Readings: New month beginning -expected volatile moves by Dr. S. Sivaraman
Sponsored by 
Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Nov 2, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Nov 2, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 2, 10:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Nov 2, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Nov 2, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Mon, Nov 2, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
Trapped below 1.6665 resistance and support from the growing Ichimoku ‘cloud'
Mizuho Corporate Bank − Sterling is trapped below important resistance around 1.6665 and support from the growing Ichimoku ‘cloud' and Fibonacci retracement. This should dominate again this week so that Cable moves less than other currencies, the pound gaining against some of these though not keeping up with the Yen which should again be one of the stronger currencies this month.
EUR/USD
Pullback below 1.4800 is subject to a retracement towards the 1.4580 area by Lloyds TSB Financial Markets
This week's pullback below 1.4800 is subject to a retracement towards the 1.4580 area if equities lose further altitude, but this should be considered as a buying opportunity.
AUD/USD
The Aussie dollar recovers after finding support on the .8900 handle by InnerFX
The Aussie dollar recovers after finding support on the .8900 handle but has yet to break above .9200 to confirm uptrend resumption. Current recovery could be a result of pricing−in tomorrow's RBA Interest Rate decision
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
Australia HOUSE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 1 | 23:30 | House Price Index (QoQ) | 4.2% | - | -1.5% |
| Nov 1 | 23:30 | House Price Index (YoY) | 6.2% | - | -0.7% |
Australia 3Q House Prices Rise 4.2% Vs 2Q (Dow Jones)
[ Full Story ]- Read the House data at ABS
- Australia Q3 House Prices jump 4.2% QoQ (Forex Live)
Event of the Week
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 5 | 12:45 | ECB Interest Rate Decision | - | 1% | 1% |
EMU economic indicators - ECB council: no policy change by BHF−Bank
As far as next week's ECB council meeting is concerned, however, we are expecting the policy stance to be left unchanged. The central bank will probably restrict itself to gradually becoming more upbeat in its assessment of the macroeconomic situation and gently hinting that exit will be necessary "at some point".
[ Full Story ]Economic Events
While collecting data about the Forex market, it is important to know who the major players are. Who originally designed Forex, who are the major participants, who makes decisions that have a significant impact on the Forex market? This and more will be explored in Joseph James Gelet article. Read the full article!
Related Resources
The Main Players In The Forex Market - Chapter A02 of FXstreet.com Learning Center
The structure of FX market and the role of the retail forex broker - Report by The Forex Journal
Man vs. Market - Ebook by Rob Booker