Tuesday, Nov 04, 12:04 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Bollinger Bands and RSI by Valeria Bednarik
- 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.
Forex Blogs
The Advisor Blog: Usd/Jpy for today by Valeria Bednarik
The Usd/Jpy is moving sideways, yet readyto change bias in 4 hours charts: the tough zone around 99.60/70 has been already tested today, and I believe above that value, we will have more clear signs of a bullish continuation with a first target at the zone around 100.05.
FX Market Readings: European session rise by Dr. S. Sivaraman
Forex Trading Today: Success with our Pound Yen Selling Opportunity by Tim Salem
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Nov 4, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Nov 4, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 4, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Nov 4, 14:00 GMT | Fundamental Review | Adam Rosen | WBN |  |
| Tue, Nov 4, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Nov 4, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Technical Strategist − EURUSD: Retarget Of The 1.2330 Level Continues To Dominate by FXTechstrategy
Continuation of weakness off the 1.3298 level was seen Monday opening up risk towards the pair's YTD low at 1.2330. While the dominant trend remains to the downside, a retest and break below the 1.2330 level is required to resume its medium term decline and expose the 1.2134 level, its .50 Ret (its 0.8231− 1.6038 high, monthly chart) ahead of the 1.1827 level, its Mar'06 low and then its Nov'05 low at 1.1640.The latter being the trigger for the beginning of EUR's longer term weakness.
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 FACTORY ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Nov 4 | 14:00 | Factory Orders | -1.3% | -4.0% |
US economic indicators - Factory orders (September): decrease partly due to falling energy prices by BHF−Bank
Moreover, the development of the ISM new orders component indicates a decline in factory orders, as the graph shows. We thus expect total factory orders to have fallen by about 0.5% mom in September. The August decline could be revised from –4.0% to –4.5% mom.
[ Full Story ]Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 4 | 10:00 | Producer Price Index (MoM) | -0.2% | -0.1% | -0.5% |
| Nov 4 | 10:00 | Producer Price Index (YoY) | 7.9% | 8.0% | 8.5% |
DATA SNAP: Euro−Zone Sep Producer Prices Drop For 2nd Month (Dow Jones)
Euro−zone producer prices fell for the second month in a row in September, adding weight to the view that easing inflationary pressures will allow the European Central Bank to lower its interest rates again this week, official data showed Tuesday.
[ Full Story ]- Read the PPI data at Eurostat
- UPDATE: Euro−Zone Sep PPI Drop Paves Way For ECB Rate Cut (Dow Jones)
- UPDATE 1−Energy slows euro zone Sept PPI more than expected (Thomson Financial News)
- Euro Zone producer prices eased in September (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 4 | 00:00 | EMU | Ecofin Meeting | |||
| 00:00 | US | U.S. Presidential Election | ||||
| 06:45 | CH | Consumer Price Index (MoM) (Oct) | 0.5% | 0.4% | 0.1% | |
| 09:30 | UK | PMI Construction (Oct) | 35.1 | 37.7 | 38.8 | |
| 10:00 | EMU | Producer Price Index (MoM) (Sep) | -0.2% | -0.1% | -0.5% | |
| 10:00 | EMU | Producer Price Index (YoY) (Sep) | 7.9% | 8.0% | 8.5% | |
| 14:00 | US | Factory Orders (Sep) | -1.3% | -4.0% | ||
| 23:30 | JP | Monetary Base (YoY) (Oct) | 0.9% | |||
| Nov 5 | 00:01 | UK | Nationwide Consumer Confidence (Oct) | 50 | ||
| 00:30 | AU | Building Permits (MoM) (Sep) | -1.0% | -3.7% | ||