Monday, Nov 03, 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
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Forex Blogs
The Advisor Blog: Starting the day by Valeria Bednarik
Hi everybody how are you! Hope you enjoy the weekend (I did!). Well, November is here, along with the global crisis, and a busy week ahead that includes Presidential elections in the U.S., rates in Europe and England, and Nonfarm Payrolls in the U.S. among another fundamental factors.
1st on Forex: Week Ahead − US Election Finally − Rates and NFP by Jerry Furst
FX Market Readings: New month − expected moves by Dr. S. Sivaraman
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Nov 3, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Nov 3, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 3, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Nov 3, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Nov 4, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Nov 4, 14:00 GMT | Turning the corner on the year | Adam Rosen | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Daily Trading Forecast − Greenback in Sideways Swing Mood before U.S. Election Day by Swiss e Trade AG
Cable recovered in early European trading to a high of 1.6398 and failed to break the 1.6400 handle level, falling back to currently 1.6211. The downmove might continue right now, but not breaking the 1.6090 level on the downside. We expect rather another upmove from there, leading again to near 1.6400.
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 Sterling climbs against the greenback as risk for appetite increases by Finotec Group Inc.
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.
10/30/2008 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
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Nov 3 | 15:00 | ISM Manufacturing | 42.0 | 43.5 |
Trading News Report - U.S. ISM Manufacturing Expect to Fall Further, Can the Dollar Hold Its Ground? by FXCM
Manufacturing activity is anticipated to contract for the third consecutive month as economists forecast the ISM index to slip to 42.0 from 43.5 in September despite the decline in input prices. Falling commodity prices have helped to lower production costs.
[ Full Story ]Daily Market Briefing - US Dollar: Next Week's ISM Manufacturing, ISM Services, and NFP Releases Likely to Reiterate US Recession Risk by FXCM
US economic indicators - ISM indices (October): declining further to recession levels by BHF−Bank
Top Market Movers Review
UK PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 3 | 09:30 | Purchasing Manager Index Manufacturing | 41.5 | 40.0 | 41.2 |
DATA SNAP: UK Oct Mfg PMI Ticks Up, Stays Near Record Low (Dow Jones)
The U.K. manufacturing sector contracted for the sixth consecutive month in October, but less sharply than expected.
[ Full Story ]- CIPS homepage
- UPDATE: UK Oct Mfg PMI Ticks Up, Stays Near Record Low (Dow Jones)
- TEXT−UK CIPS/Markit October manufacturing PMI (Thomson Financial News)
- UK manufacturing shrinks for 6th month in Oct−CIPS (Thomson Financial News)
Friday Notes - Depressed sentiment both in the manufacturing... by HVB Group
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 3 | 09:00 | Purchasing Manager Index Manufacturing | 41.1 | 41.3 | 45.0 |
DATA SNAP:Euro−Zone Mfg PMI 41.1 In Oct; Lower Than Forecast (Dow Jones)
Manufacturing activity in the euro zone contracted for the fifth straight month in October, dropping to its lowest level on record as output, new orders and the number of purchases all fell at the sharpest rate for 11 years.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 3 | 05:30 | AU | RBA Commodity Index SDR (YoY) (Oct) | 32.4% | 42.3% |
|
| 08:30 | CH | SVME − Purchasing Managers' Index (Oct) | 47.0 | 45.5 | 47.8 | |
| 08:55 | DE | Purchasing Manager Index Manufacturing (Oct) | 42.9 | 43.3 | 47.4 | |
| 09:00 | EMU | Purchasing Manager Index Manufacturing (Oct) | 41.1 | 41.3 | 45.0 | |
| 09:30 | UK | Purchasing Manager Index Manufacturing (Oct) | 41.5 | 40.0 | 41.2 |
|
| 09:45 | EMU | European Comission's Economic Growth Forecasts | ||||
| 15:00 | US | Construction Spending (MoM) (Sep) | -0.8% | 0.0% | ||
| 15:00 | US | ISM Manufacturing (Oct) | 42.0 | 43.5 | ||
| 16:00 | UK | BoE's Governor King Speech | ||||
| Nov 4 | 00:00 | EMU | Ecofin Meeting | |||