Tuesday, Oct 28, 12:07 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Facts, Fiction and Truth About Day Trading by Markus Heitkoetter
- FXstreet.com International Traders Conference 2008 Final Countdown: 1 day left before the event starts!
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Check out the new CAG!
The currencies revolution arrives at FXstreet.com
New Currencies at a Glance with all the technical studies you need for your trading plan. Review the market info of the top 31 currency pairs including the hottest pairs of the past week: EUR/USD, GBP/USD, USD/JPY and EUR/CHF.
Moreover data such as live market quotes, forecast, analysts comments, breaking stories and Economic Calendar can be extremely efficient tools for your trading plan.
DISCOVER THE NEW CAG
Forex Blogs
The Advisor Blog: Starting the day by Valeria Bednarik
Hello everybody hope you are fine! A choppy Monday to begin the week, but with greenback again being the winner, yet with majors more calm ahead of bigger events this week, starting tomorrow, with the FOMC rate decision in the U.S.
Forex Trading Today: As we go "Fractally" Along... by Tim Salem
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Oct 28, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Oct 28, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 28, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Tue, Oct 28, 13:00 GMT | Fibonacci − Begginers to Advanced  | Adam Rosen | WBN | |
| Tue, Oct 28, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Oct 28, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
USD/JPY
Daily Trading Forecast − Keeping an Eye on Oil by Swiss e Trade AG
The dollar managed to recoup some of its recent losses against the yen, trading at 94.65 in early European hours. We see the current bid tone for the USD easing around the 95.50 level, opening room for a downturn to support at 93.50.
Dow Theory principles by Valeria Bednarik, analyst and foreign manager at MolFX - Management
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com
Check out how pairs moved: Live Currency Rates & Charts
Other Topics for This Session
Currency Technical Report - Currency Technical Report by FXGreece
Weekly Outlook
Weekly Technical Commentary by Mizuho Corporate Bank
- EUR/USD
- Continues to moves downward with low volatility. Support is seen at 1.2330 while resistance is seen at 1.2718.
10/27/2008 14:25 GMT - GBP/USD
- Slides gradually with moderate volatility. Immediate support is seen at 1.5386. MAs are declining gradually.
10/27/2008 14:28 GMT - USD/CHF
- Moves upward with low volatility. Support is seen at 1.1582 while resistance is at 1.1750.
10/27/2008 14:29 GMT - USD/JPY
- Continues to move downward with low volatility Support is seen at 91.81. Intraday resistance is seen at 94.91.
10/27/2008 14:32 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, GFT (Global Forex Trading), Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 28 | 14:00 | Consumer Confidence | 52.2 | 59.8 |
US economic indicators - The Conference Board's consumer confidence rose slightly again to 59.8 in September by BHF−Bank
Together with the deterioration in economic indicators, rising unemployment, falling house prices and the credit crunch, this is likely to have caused a sharp decline in consumer confidence to 49.0 in October.
[ Full Story ]Trading News Report - U.S. Dollar: Consumer Confidence on Tap − Can the Greenback Hold Its Gains? by FXCM
Top Market Movers Review
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 28 | 11:00 | CBI Distributive Trades Survey − Realized (MoM) | -27 | -35 | -27 |
DATA SNAP: UK Oct Sales Volume −27 Vs Sep −27 − CBI (Dow Jones)
Sales volume at U.K. retailers were better than expected in October, but remained weak as the credit crunch, higher inflation and weaker consumer confidence continued to depress activity, a survey by the Confederation of British Industry showed Tuesday.
[ Full Story ]- Read the Trades Survey at CBI
- UPDATE: UK Sales Volumes Stay Weak In October − CBI (Dow Jones)
- UK CBI October retail sales volume, unchanged from September (FXstreet.com)
- United Kingdom CBI Distributive Trades Survey − Realized remains at −27 in Oct (FXstreet.com)
Iceland CBI INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 28 | 09:00 | CBI Interest Rate Decision | 18% | - | 12% |
UPDATE 1−Iceland c.bank hikes key rate by 6 pct points (Thomson Financial News)
Crisis−hit Iceland's central bank raised interest rates by a massive 6 percentage points to 18 percent on Tuesday, just two weeks after it had eased policy to soften the blow from the country's financial meltdown.
[ Full Story ]- Read the Official Statement at CBI
- Iceland cbank's Oddsson−rate rise part of IMF deal (Thomson Financial News)
- WRAPUP 2−Iceland hikes rate 6 points in policy U−turn (Thomson Financial News)
- TOPWRAP 5−Iceland raises rates sharply, others poised to cut (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 28 | 07:00 | DE | Gfk Consumer Confidence Survey (Nov) | 1.9 | 1.5 | 1.8 |
| 09:00 | IS | CBI Interest Rate Decision | 18% | 12% | ||
| 09:00 | CH | UBS Consumption Indicator (Sep) | 1.67 | 1.62 | ||
| 10:00 | SE | Riksbank Interest Rate Decision | 3.75% | 4.25% | ||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Oct) | -27 | -35 | -27 | |
| 11:00 | SK | Interest Rate Decision | 3.75% | 4.25% | ||
| 13:00 | US | S&P/Case−Shiller Home Price Indices (Aug) | -16.6% | -16.3% | ||
| 14:00 | US | Consumer Confidence (Oct) | 52.2 | 59.8 | ||
| 14:00 | US | Richmond Fed Manufacturing Index (Oct) | -21 | -18 | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Oct 26) | -50 | |||