Tuesday, Oct 30, 12:08 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Oct 30, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Tue, Oct 30, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 30, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN |  |
| Tue, Oct 30, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN | |
| Wed, Oct 31, 10:00 GMT | What Moves Currencies? − Preview of the FOMC | Tony Juste | WBN |  |
| Wed, Oct 31, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 2.0542 − 30 October by iFOREX.bg
GBP/USD Open 2.0609 High 2.0655 Low 2.0532 Close 2.0618.
After a week of consolidation the British Pound continued its upward trend, but met resistance at 2.0460. Next resistances upwards is 2.0980 and 2.1020.
- GBP/USD intraday chart − not so bullish at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Preview Strategies for − Preview Strategies for US SESSION 30/10/2007 by AKforex
EUR/JPY Daily Technical Forex − EUR/JPY Daily Technical Forex by Stoploss.ch
Daily technical research by FX Instructor
Majors at a Glance
- EUR/USD
- Moves up back above first support level 1.4385
10/30/2007 11:16 GMT - GBP/USD
- Moves up toward first resistant level 2.0673
10/30/2007 11:16 GMT - USD/CHF
- Trades above pivot level 1.1640
10/30/2007 11:16 GMT - USD/JPY
- Moves up back above pivot level 114.51
10/30/2007 11:17 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 30 | 14:00 | Consumer Confidence | 99.0 | 99.8 |
US economic indicators - Consumer confidence is likely to decline further in October by BHF−Bank
In September, the Conference Board's consumer confidence fell noticeably by almost 6 points to 99.8, and we expect it to decline again to 97.5 in October. Tighter credit conditions, lower home and higher energy prices as well as the deterioration in private employment growth will all have had a negative impact on consumers' mood.
[ Full Story ]- Ahead of the Bell: Consumer Confidence (Thomson Financial News)
Top Market Movers Review
Germany UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 30 | 08:55 | Unemployment Change | -40K | -30K | -49K |
| Oct 30 | 08:55 | Unemployment Rate s.a. | 8.7% | 8.7% | 8.8% |
German Oct Unadj Jobless Down To Below 3.5M Vs 3.54M In Sep (Dow Jones)
German unemployment declined to below 3.5 million in unadjusted terms in October, John−Philip Hammersen, a spokesman for the German labor office, said Tuesday.
[ Full Story ]- Read the report: 40 million persons in employment in September 2007 at German Statistics
- UPDATE: German Oct Adj Jobless Rate 8.7% Vs 8.8% In Sep (Dow Jones)
- German October unadjusted jobless 3.434 mln, down 110,00 from September UPDATE (Thomson Financial News)
- German October unadjusted jobless 3.434 mln, down 110,00 from September (Thomson Financial News)
Sweden RIKSBANK INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 30 | 08:45 | Riksbank Interest Rate Decision | 4.00% | - | 3.75% |
Swedish Riksbank hikes repo rate to 4.00 pct from 3.75 pct UPDATE (Thomson Financial News)
The Riksbank said it has raised its key repo rate by 25 basis points to 4.00 pct, and reiterated that the interest rate needs to be raised further in the future. During the first half of 2008 the repo rate is expected to be around 4.25 pct.
[ Full Story ]- Read the report: Repo rate raised by 0.25 percentage points to 4 per cent at Riksbank
- Forex − Swedish krona rises as Riksbank raises interest rates to 4.00 pct (Thomson Financial News)
- UPDATE: Swedish Ctrl Bank Raises Key Rate To 4% From 3.75% (Dow Jones)
- Swedish Riksbank hikes repo rate to 4.00 pct from 3.75 pct (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 29 | 23:30 | JP | Jobless Rate (Sep) | 4.0% | 3.9% | 3.8% |
| 23:30 | JP | Overall Household Spending (YoY) | 3.2% | 1.4% | 1.6% | |
| Oct 30 | 08:45 | SE | Riksbank Interest Rate Decision | 4.00% | 3.75% | |
| 08:55 | DE | Unemployment Change (Oct) | -40K | -30K | -49K |
|
| 08:55 | DE | Unemployment Rate s.a. (Oct) | 8.7% | 8.7% | 8.8% | |
| 09:00 | CH | UBS Consumption Indicator | 1.99 | 1.95 |
||
| 12:30 | CA | Industrial Product Price (MoM) (Sep) | -1% | |||
| 14:00 | US | Consumer Confidence (Oct) | 99.0 | 99.8 | ||
| 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Oct) | 50.0 | 49.8 | ||
| Oct 31 | 00:30 | AU | Building Permits (MoM) | 0.9% | -1.7% | |