Tuesday, Oct 20, 11:12 GMT
U.S. Trading Newsletter
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- Exclusive video Interview: The ultimate explanation about the NFA new regulation with Rob Booker
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- WEBINAR VIDEOS: Pip Movement Ranges for Better Trade Management by Raghee Horner
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a living: Tricky start of the day by David Aranzabal
Today Cable started the day at the Frankfurt Opening on the upside. We were long on the breakout but the price started to make a consolidation pattern (123). Only money management techniques can avoid a loss on situations like this.
Francesc's Weblog: OzForex Incorporates FXstreet’s EcoCalPro to its web site by Francesc Riverola
Tech Trading: GBP/USD Reversing at trendline resistance? by César B. Leiceaga
FX Market Readings: Extreme levels for reverse by Dr. S. Sivaraman
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Oct 20, 14:00 GMT
Type of Session: Webinar
Economic and Technical View of the Currency Market − Live from Barcelona!
Expert: Rob Booker
Start: Tue, Oct 20, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 20, 12:30 GMT | Anticipating the 4th quarter  | Adam Rosen | WBN |  |
| Tue, Oct 20, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Oct 20, 15:00 GMT | Economic and Technical View of the Currency Market − Live from Barcelona! | Rob Booker | WBN | |
| Tue, Oct 20, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
Current Session: Europe − U.S.
Deeper drowning is on the run,targeting 89.70 dynamic support
www.deltastock.com − Wit the recent break below 90.40 support a deeper drowning is on the run, that will target 89.70 dynamic support before next leg upwards, for 92.10 resistance. Intraday bias is negative with resistance around 90.40 and crucial/trigger level at 90.80.
A short−term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated below the 50− and 200−day SMA, currently projected at 94.86 and 94.84.
GBP/USD
Next target is now the top of the recent range up at 1.6740 by Avantage Financial GMBH
Bullish reversal after hitting 1.5720 (Dec 08 high) support Tuesday last week, which is basically very bullish development. Next target is now for a run back towards the top of the recent range up at 1.6740.
EUR/GBP
Prices back below the 0.9300 level and leaving a large Engulfing candlestick pattern by Chart−Workshop
EUR/GBP Weekly Candlestick Chart. Prices back below the 0.9300 level and leaving a large Engulfing candlestick pattern on the weekly chart.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis, Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US HOUSING STARTS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 20 | 12:30 | Housing Starts (YoY) | 0.62M | 0.60M |
| Oct 20 | 12:30 | Building Permits (MoM) | 0.59M | 0.58M |
US economic indicators - Housing starts (Sep): Moderate upward trend continuing by BHF−Bank
[ Full Story ]US PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 20 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 2% | 6% |
| Oct 20 | 12:30 | Producer Price Index (YoY) | -4.2% | -4.3% |
| Oct 20 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.1% | 0.2% |
| Oct 20 | 12:30 | Producer Price Index (MoM) | 0.1% | 1.7% |
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 20 | 13:00 | BoC Interest Rate Decision | 0.25% | 0.25% |
The Currency Futures Report - Will Canada Raise Rates? by Alaron
[ Full Story ]UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 21 | 08:30 | Bank of England Minutes | - | - |
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 23 | 08:00 | IFO − Business Climate | 92.1 | 91.3 |
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 23 | 14:00 | Existing Home Sales (MoM) | 5.0% | -2.7% |
| Oct 23 | 14:00 | Existing Home Sales | 5.35M | 5.10M |
Friday Notes - Existing Home Sales: Rebound in home sales continues by UniCredit Group
Existing home sales have rebounded from the all−time low reached in January. Despite their 23⁄4% decline in August, they are still up an annualized 361⁄4% during the last six months.
[ Full Story ]Top Market Movers Review
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 20 | 08:30 | Public Sector Net Borrowing | £14.8B | £15.0B | £14.7B |
- DATA SNAP: UK Sep PSNB Hits GBP14.8B In Line With Forecast (Dow Jones)
- UK PSNB falls to £14.8B in Sep from £14.7B (FXstreet.com)
Top Fundamental Stories - Europe Ahead: UK government budget deficit widens further by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 20 | 06:00 | DE | Producer Price Index (MoM) (Sep) | -0.5% | 0.0% | 0.5% |
| 08:30 | UK | CML Gross Mortgage Lending s.a. (Sep) | £12.5B | £12.6B | ||
| 08:30 | UK | M4 Money Supply (MoM) (Sep) | 0.7% | 0.5% | 0.0% |
|
| 08:30 | UK | M4 Money Supply (YoY) (Sep) | 11.3% | 11.4% | 12.1% |
|
| 08:30 | UK | Public Sector Net Borrowing (Sep) | £14.8B | £15.0B | £14.7B |
|
| n/a | EMU | Construction Output s.a (MoM) (Aug) | -0.4% | -2.0% | ||
| 12:30 | US | Housing Starts (YoY) (Sep) | 0.62M | 0.60M | ||
| 12:30 | US | Producer Price Index (YoY) (Sep) | -4.2% | -4.3% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (YoY) (Sep) | 2% | 6% | ||
| 12:30 | CA | Wholesale Sales (MoM) (Aug) | -0.4% | 2.8% | ||
Educational Resources
Important Resources for Futures Traders
This week Sam Seiden will give you some reasons why the Futures asset class is so attractive to both retail and professional market speculators. He also give you some web resources that in her opinion, you can trust, find very important information in, and be comfortable with. Read Sam Seiden's article
From the Lessons From the Pros as well:
Like Minds, Individual Approach by Sam Evans