Wednesday, Oct 31, 12:25 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Dynamic Technical Analysis
Expert: Valeria Bednarik
Start: Wed, Oct 31, 14:00 GMT
Type of Session: Webinar
Topics
− Dynamic and fixed supports and resistances
− Indicators dinamic
− Projecting trend lines
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Wed, Oct 31, 17:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 31, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Wed, Oct 31, 14:00 GMT | Dynamic Technical Analysis  | Valeria Bednarik | WBN |  |
| Wed, Oct 31, 17:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN | |
| Thu, Nov 1, 10:00 GMT | What Moves Currencies? − Getting ready for the NFP | Tony Juste | WBN |  |
Current Session: Europe − U.S.
USD/JPY
USD/JPY Daily Technical Forex − USD/JPY Daily Technical Forex by Stoploss.ch
Current level at 11:27 CET is 115.14, trading above the daily pivot point level of 114.70, having broken above first resistance at 114.98 and targeting second resistance at 115.34. Overall short−term picture remains constructive with 50 and 100 hour EMA s poised to the upside.
- GBP/USD falls off trigger; USD/CHF does the same off extreme OB level 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:
Weekly Update − The dollar will take its cues from the Federal Reserve meeting on Wednesday by Union Bank of California
Preview Strategies for − Preview Strategies for US SESSION 31/10/2007 by AKforex
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
Majors at a Glance
- EUR/USD
- Moves up back toward first resistant level 1.4464
10/31/2007 11:58 GMT - GBP/USD
- Stays around first resistant level 2.0734
10/31/2007 11:58 GMT - USD/CHF
- Moves down back below pivot level 1.1606
10/31/2007 11:58 GMT - USD/JPY
- Trades above first resistant level 114.97
10/31/2007 11:59 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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Oct 31 | 12:30 | Gross Domestic Product Annualized | 3.1% | 3.8% |
US: GDP Observatory (3Q07) by BBVA Bancomer
We estimate that real GDP growth moderated to 3.4% in 3Q07 from 3.8% in 2Q07. Our GDP forecast implies a 2.5% year−over−year growth rate in 3Q07, the highest since 4Q06. Third quarter GDP growth will primarily reflect a rebound in personal consumption expenditures (PCE) and a sustained expansion of net exports.
[ Full Story ]- Special Webinar: Watch Live Coverage of the US GDP with Jerry Furst
- Ahead of the Bell: 3Q GDP (Thomson Financial News)
Daily Forex Technical Report − Huge Day for Dollar, Focus on FOMC and Q3 GDP by ActionForex.com
Top Market Movers Review
UK GFK CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 31 | 10:30 | Gfk Consumer Confidence | -8 | -8 | -7 |
UK Oct Gfk/NOPE consumer confidence drops to −8, lowest since March (Thomson Financial News)
Consumer confidence slipped further during October as the summer's financial turmoil coupled with a rise in borrowing costs dented people's willingness to spend, a leading pollster found.
[ Full Story ]- Read the Consumer Confidence report at Gfk NOP
- UK Consumer confidence falls in line with expectations in October (FXstreet.com)
- United Kingdom Oct Gfk Consumer Confidence falls to −8 vs −7 in Sept (FXstreet.com)
- DATA SNAP: UK Consumer Confidence Weakened In October (Dow Jones)
- Rachel Joy, Gfk/NOP spokeswoman: "We suspect this to be a knock−on effect of Christmas just being round the corner, on top of a reluctance to spend large amounts of money at a time when higher interest rates are beginning to take effect." − Thomson Financial News
EMU CONSUMER PRICE INDEX ESTIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 31 | 10:00 | Consumer Price Index Estimate (YoY) | 2.6% | 2.3% | 2.1% |
DATA SNAP: Euro−Zone Inflation Powers Ahead In October (Dow Jones)
The annual rate of euro−zone consumer−price inflation powered ahead in October, rising faster than economists had expected toa 25−month high and remaining above the European Central Bank's 2% target for the second straight month.
[ Full Story ]- Read the report: Euro area inflation estimated at 2.6% at Eurostat
- UPDATE: Euro−Zone Inflation Powers To 25−Month High In Oct (Dow Jones)
- Euro zone Oct prov HICP up 2.6 pct vs 2.1 in Sept (Thomson Financial News)
- Euro Zone CPI increases sharply in October (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 31 | 10:00 | EMU | Consumer Confidence (Oct) | -6 | -5 | -6 |
| 10:00 | EMU | Consumer Price Index Estimate (YoY) (Oct) | 2.6% | 2.3% | 2.1% | |
| 10:00 | EMU | Unemployment Rate (Sep) | 7.3% | 6.9% | 7.4% | |
| 10:30 | UK | Gfk Consumer Confidence (Oct) | -8 | -8 | -7 | |
| 10:30 | CH | KOF Swiss Leading Indicator (Oct) | 2.02 | 2.10 | 2.04 |
|
| 12:15 | US | ADP Employment Change (Oct) | 106 | 60K | 58 | |
| 12:30 | US | Core Personal Consumption Expenditure (QoQ) (3Q)  | 1.5% | 1.4% | ||
| 12:30 | US | Gross Domestic Product Annualized (3Q) | 3.1% | 3.8% | ||
| 13:45 | US | Chicago Purchasing Managers' Index (Oct) | 53.0 | 54.2 | ||
| 14:00 | US | Construction Spending (MoM) (Sep) | -0.5% | 0.2% | ||