Friday, Oct 31, 12:16 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: MONTHLY WEBINAR: Learning to Read Price Action by Chris Capre
- All the events of the day in our Economic Calendar
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.
International Traders Conference
Oct 31, 09:48 GMT
We are still here, still alive, stil trading, still having fun all together! This is already the third and last day if the ITC, our conference in Barcelona as you know. Look at the pictures.
Forex Blogs
The Advisor Blog: The Eur/Usd in the long ans short term by Valeria Bednarik
Taking a look at 4 hours charts, the pair is recovering some bullish strength, after a 61.8% correction of this week rally. Momentum has turned to the upside, yet not clear signs from indicators at the moment, as the candle have just started, yet open under the 20 SMA.
FX Market Readings: Volatile moves expected for week end and month end time by Dr. S. Sivaraman
Live Sessions Schedule
FX Market Pulse
Expert: Raghee Horner
Start: Fri, Oct 31, 13:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Oct 31, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 31, 12:30 GMT | Dan Blystone's Daily Briefing  | Dan Blystone | WBN |  |
| Fri, Oct 31, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Oct 31, 14:00 GMT | Banging around the Bands | Chris Capre | WBN | |
| Fri, Oct 31, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast − EUR / USD Recovery Meets Resistance by Swiss e Trade AG
Sitting on well−secured support now, the pair is currently trading at 1.2752, having retraced yesterday in all of Asian and early European hours. Some recovery mood is setting in now, which we expect will eventually meet resistance at 1.2950. Before that, the first resistance point at 1.2850 must be broken on the upside, where we see some pausing in the upmove.
Daily Analysis − The Yen rises as recession looms and hits high yielding currencies
Trend Trading - Part 1: Elements of Trend Trading in FX and Futures Markets by Don Wilcox, Forex News Analyst Trade The News
Check out how pairs moved: Live Currency Rates & Charts
Other Topics for This Session
Daily Analysis - The Yen rises as recession looms and hits high yielding currencies by Finotec Group Inc.
Market Session Snap-Shot - Asian Session – The Bank of Japan reluctantly slashes rates by 20bps to 0.3%, Yen up, Nikkei down
- EUR/USD
- Continues to moves downward with low volatility. Support is seen at 1.2330 while resistance is seen at 1.2718.
10/30/2008 13:20 GMT - GBP/USD
- Slides gradually with moderate volatility. Immediate support is seen at 1.5386. MAs are declining gradually.
10/30/2008 13:21 GMT - USD/CHF
- Moves upward with low volatility. Support is seen at 1.1582 while resistance is at 1.1750.
10/30/2008 13:24 GMT - USD/JPY
- Continues to move downward with low volatility Support is seen at 91.81. Intraday resistance is seen at 94.91.
10/30/2008 13:26 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
Canada GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Cons. | Previous | |
| Oct 31 | 12:30 | Gross Domestic Product (MoM) | -0.3% | 0.7% |
Trading News Report - USDCAD: Will the Canadian Dollar Give Back as GDP Contracts? by FXCM
The Canadian economy expanded 0.7% in July, to reach its fastest pace of growth since March 2004. The breakdown of the report showed that manufacturing activity increased to 1.3% from the previous month, which was followed by a 3.1% gain in energy production.
[ Full Story ]Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 31 | 10:00 | Consumer Price Index (YoY) | 3.2% | 3.3% | 3.6% |
DATA SNAP: Euro−Zone Oct CPI Continues Downward Trend (Dow Jones)
The rate of euro−zone consumer price inflation declined for the third straight month in October, paving the way for the European Central Bank to cut interest rates as the economy weakens.
[ Full Story ]- Read the CPI data at Eurostat
- INSTANT VIEW 3−Euro zone Oct inflation down to 3.2 pct (Thomson Financial News)
- INSTANT VIEW 2−Euro zone Oct inflation down to 3.2 pct (Thomson Financial News)
- Euro zone inflation falls to 3.2 percent in October (Thomson Financial News)
EMU economic indicators - EMU inflation (October) flash estimate: decline to 3.1 % yoy by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 31 | 00:00 | ES | International Traders Conference (ITC) | |||
| 07:00 | DE | Retail Sales (MoM) (Sep) | -2.3% | 3.1% | ||
| 07:00 | DE | Retail Sales (YoY) (Sep) | 1.2% | -3.0% | ||
| 10:00 | EMU | Consumer Price Index (YoY) (Oct)  | 3.2% | 3.3% | 3.6% | |
| 10:00 | EMU | Unemployment Rate (Sep) | 7.5% | 7.5% | ||
| 10:30 | CH | KOF Leading Indicator (Oct) | 0.35 | 0.49 | 0.52 |
|
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Sep) | 0.1% | 0.2% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Sep) | 2.5% | 2.6% | ||
| 12:30 | US | Employment Cost Index (3Q) | 0.7% | 0.7% | ||
| 12:30 | CA | Gross Domestic Product (MoM) (Aug) | -0.3% | 0.7% | ||