Wednesday, Oct 07, 11:00 GMT
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Forex Blogs
FX Market Readings: Exploitation under induced fear by Dr. S. Sivaraman
AUD/USD ,Gold, and USD/YEN are making extreme moves to create fear and exploit the traders.they induce pressure when no big data release is expected.We will know the intentions of them from mid European session.
The Trader's Edge: EUR/USD Quickie by Ross Yamashita
Trading for a living: Trading the range at the european opening by David Aranzabal
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Live Sessions Schedule
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Oct 7, 14:00 GMT
Type of Session: Webinar
An introduction to Price Behaviour: Part 1
Expert: Mike Baghdady
Start: Wed, Oct 7, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 7, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
| Wed, Oct 7, 12:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Oct 7, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
| Wed, Oct 7, 15:00 GMT | An introduction to Price Behaviour: Part 1 | Mike Baghdady | WBN | |
Current Session: Europe − U.S.
USDJPY broke yesterday's triangle formation to the downside
ACM − Advanced Currency Markets − USDJPY broke yesterday's triangle formation to the downside, and on the open today took out support at 88.60. Minor support at 88.20 seems to have slowed the sell−off for now but a close below this 88.60 level opens up the 87.10/15 lows, with stops en route below 88.00.
EUR/USD
EUR/USD has rebounded from last week's oversold RSI base by Informa Global Markets
EUR/USD has rebounded from last week's oversold RSI base and has surged through the formerly resistant 10−day MA. A key Fibonacci retracement at 1.4768 (78.6% of latest downleg) is the only viable resistance.
GOLD
The break of 1035 has shifted the bias to the topside in Gold by Charmer Charts.com
The break of 1035 has shifted the bias to the topside now in Gold and we have to use Fibonachhi extensions to find new resistance levels.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 8 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% |
ECB and BOE: meetings Thursday, RBA hikes first by Easy Forex
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 8 | 11:45 | ECB Interest Rate Decision | 1% | 1% |
EMU economic indicators - ECB council: No policy change by BHF−Bank
The ECB Council is holding its regular monthly meeting on Thursday. The interest rate decision will be announced at 13:45hrs, the press conference is scheduled for 14:30hrs. Over the last few weeks, policymakers have repeatedly stated that it is too early to withdraw stimulus and declare the crisis over.
[ Full Story ]ECB and BOE: meetings Thursday, RBA hikes first by Easy Forex
Forex Trading Strategies - ECB, EuroZone politicians clearly fed up with Euro strength by Saxo Bank
US TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 9 | 12:30 | Trade Balance | -$32.70B | -$31.96B |
US economic indicators - Trade balance (Aug): Rising slightly due to higher prices by BHF−Bank
Top Market Movers Review
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 7 | 10:00 | Factory Orders s.a. (MoM) | 1.4% | 1.2% | 3.1% |
| Oct 7 | 10:00 | Factory Orders n.s.a. (YoY) | -20.4% | -19.9% | -20.1% |
- Germany Aug Factory Orders rise 1.4% MoM, fall 20.4% YoY (FXstreet.com)
- DATA SNAP:German Mfg Orders Rise In August On Foreign Demand (Dow Jones)
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 7 | 09:00 | Gross Domestic Product s.a. (QoQ) | -0.2% | -0.1% | -2.5% |
| Oct 7 | 09:00 | Gross Domestic Product s.a. (YoY) | -4.8% | -4.7% | -4.9% |
Top Fundamental Stories - Euro Zone Second Quarter GDP Revised Downwards by ecPulse.com
[ Full Story ]- Read the GDP data at Eurostat
- UPDATE: Euro−Zone 2Q GDP Contraction Sharper Than Expected (Dow Jones)
- Eurozone Q2 GDP downwardly revised; Euro not affected (FXstreet.com)
- Euro Zone 2Q GDP down 0.2% QoQ and 4.8% YoY (FXstreet.com)
Top Fundamental Stories - Europe Ahead: GDP in the Euro Zone is Expected to Remain Unchanged by ecPulse.com
EMU economic indicators - EMU GDP is unlikely to be revised significantly by BHF−Bank
Switzerland UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 7 | 05:45 | Unemployment Rate | 3.9% | - | 3.8% |
| Oct 7 | 05:45 | Unemployment Rate s.a. | 4.1% | 4.1% | 4.0% |
Switzerland Sep Unemployment Rate increases to 3.9% from 3.8% (FXstreet.com)
[ Full Story ]- Read the Employment data at SECO [text in German]
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 7 | 00:00 | IMF Meeting | ||||
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (2Q) | -4.8% | -4.7% | -4.9% | |
| 09:30 | UK | BRC Shop Price Index (MoM) (Sep) | 0.00% | -0.02% | ||
| 09:30 | UK | BRC Shop Price Index (YoY) (Sep) | -0.1% | -0.1% | ||
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Aug) | -20.4% | -19.9% | -20.1% |
|
| 10:00 | DE | Factory Orders s.a. (MoM) (Aug) | 1.4% | 1.2% | 3.1% |
|
| 11:00 | US | MBA Mortgage Applications (Oct 2) | -2.8% | |||
| 14:30 | US | EIA Crude Oil Stocks change | 2.0M | 2.8M | ||
| 19:00 | US | Consumer Credit (Aug) | -$10.0B | -$21.6B | ||
| 19:00 | US | Monthly Budget Statement (Sep) | -111.4B | |||