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Wednesday, Oct 01, 11:10 GMT

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Current Session: Europe

GBP/USD Forecast: next support at 1.6100

GBPUSD chart

UK Manufacturing PMI ticked lower, down to 51.6 from previous 52.5, which put some further pressure on the GBP, trading now below 1.6200 against the greenback. Dollar remains king amongst currencies, albeit movements are limited as expected, ahead of ECB and US employment figures later on the week.

Trader’s eye on majors, short term

Valeria BednarikValeria Bednarik – Weak local data along with rumors of an SNB intervention weighting on European currencies

EUR/USD Forecast: looking for fresh lows below 1.2570 by FXStreet

GBP/USD Forecast: next support at 1.6100 by FXStreet

GBPJPY in a longer & short term bull trend by DayTradeIdeas.com

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Live Webinars

Yohay ElamPreparing for the ECB and the NFP in the wake of Q4
Expert: Yohay Elam
Start: Wed, Oct 1, 14:00 GMT

Type of Session: Webinar

Andrei KnightInstitutional Trading Strategies
Expert: Andrei Knight
Start: Wed, Oct 1, 16:00 GMT

Type of Session: Webinar

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Wed, Oct 1, 13:00 GMTUS Session Open Ed PonsiWBNSponsored by FXStreet
Wed, Oct 1, 14:00 GMTPreparing for the ECB and the NFP in the wake of Q4Yohay ElamWBNSponsored by
Wed, Oct 1, 16:00 GMTInstitutional Trading StrategiesAndrei KnightWBNSponsored by
Thu, Oct 2, 11:15 GMTECB Meeting and Interest Rate Announcement LiveMark De La PazWBNSponsored by
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LAST WEBINAR RECORDING: Fibonacci Friday by Andrei Knight

Educational Resources

Candles or White Space, Where is Your Focus?

One thing that has puzzled me over the years when reading what trading books have to offer, books on candlesticks, trading education on the internet, and trading education anywhere for that matter is the main focus of the education. Always, the focus is on the chart and volume. There are books written solely about candlesticks and others that deal only with volume because conventional wisdom says...

Why Do You Want to Trade Forex?

Costly Trading Lessons to Learn

Keep Your Trading On Track

Forex has complicated jargon. Check out our Forex Glossary for all trading-related words definitions.

Latest from the Forex Social Network

photoFrancesc Riverola has a new status 14 minutes ago BofAML: EURUSD is on track to test the confluence of long-term support @1.2470/1.2450. This has been a pivot since Dec 1987

photoFrancesc Riverola has a new status 19 minutes ago BofAML: $/¥ is breaking free from the 12yr trendline (now 109.23), targeting 110.67, ahead of 112.42.

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