Thursday, Oct 22, 11:33 GMT
U.S. Trading Newsletter
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To Get Started
- Video Interview: Euro and AUD will continue strengthening against the US Dollar with James Chen
- Real-Time Economic Calendar: New 2.0 Design with upgraded charts and sound notifications
- WEBINAR VIDEOS: An introduction to Price Behaviour: Part 3 by Mike Baghdady
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Forex Blogs
Tech Trading: EUR/GBP Rebound from solid support by César B. Leiceaga
The 0,8980 − 0,9000 area is a critical support region that can determine overall bias for the pair. EUR/GBP has just tested the first significant resistance at 0,9070 and 0,9080 (200 SMA on 4 hour chart) offers a tough resistance level for euro bulls. Keep an eye on these levels!
The Trader's Edge: Will the EUR/USD continue to rise and C2 Trade Sheet Information by Ross Yamashita
FX Market Readings: Market reversal by Dr. S. Sivaraman
Chartology: EUR/USD Swing Set Up on the 30min by Raghee Horner
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Oct 22, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 22, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Oct 22, 13:00 GMT | Pip Movement Ranges for Better Trade Management | Raghee Horner | WBN |  |
| Thu, Oct 22, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Oct 23, 11:00 GMT | Monthly Webinar − Part I: Divergence | Sunil Mangwani | WBN | |
Current Session: Europe − U.S.
Lower Expansion in China Helps Dollar
Swiss e Trade AG − The pound fell in early European trading after disappointing U.K. retail sales were reported. Currently trading at 1.6531, we see important support at 1.6350 which may be reached in today's or tomorrow's trading. The GBP / USD is presently oversold in the short−term and we expect a minor correction to around 1.6580 where we will consider entering into a short position in today's trading for a goal of 1.6470.
EUR/USD
Eur/Usd came higher for 1.5040 but these gains have not been maintained by Charmer Charts.com
Eur/Usd came higher for 1.5040 but these gains have not been maintained and the market is looking a little under pressure this morning. Short term support is at 1.4965.
USD/JPY
90.20 is looking like the level for intraday long entry and sellers expected at 92.50 by ACM − Advanced Currency Markets
USD JPY relationship has changed as the USD is just as much a carry currency these days as the JPY. Anyway, 90.20 is looking like the level for intraday long entry and sellers expected at 92.50.
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
Event of the Day
US LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 22 | 14:00 | Leading Indicators (MoM) | - | 0.9% | 0.6% |
US economic indicators - Leading indicators (Sep): sharply increasing for the sixth consecutive month by BHF−Bank
Leading indicators are likely to have gone up significantly for the sixth consecutive month in September, by 0.7% mom. Thus the year−on−year rate will rise to 2.4%, and the annualised 6−month rate could even reach a six−year high of 10.5%. Most components will have had a favourable impact.
[ Full Story ]Event of the Week
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | 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 ]US: Housing market recovery may be slowing by Easy Forex
Daily Global Commentary - Home Sales – A Preview by Northern Trust
U.S:Housing Finance Initiative by BBVA Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 22 | 04:30 | JP | All Industry Activity Index (MoM) (Aug) | 0.9% | 0.4% | 0.5% |
| 06:15 | CH | Trade Balance (Sep) | 1.92B | 1.59B | 1.72B |
|
| 08:00 | EMU | Current Account n.s.a (Aug) | €-5.0B | €9.3B |
||
| 08:00 | EMU | Current Account s.a (Aug) | €-1.3B | €2.0B | €3.7B |
|
| 08:30 | UK | Retail Sales (MoM) (Sep) | 0.0% | 0.5% | 0.0% | |
| 08:30 | UK | Retail Sales (YoY) (Sep) | 2.4% | 2.7% | 2.1% | |
| 12:30 | US | Continuing Jobless Claims (Oct 10) | 5990K | 5992K | ||
| 12:30 | US | Initial Jobless Claims (Oct 17) | 516K | 514K | ||
| 12:30 | CA | Retail Sales (MoM) (Aug) | 0.4% | -0.6% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Aug) | 0.5% | -0.8% | ||
Educational Resources
Basics of Conventional Loans and What Do Fannie and Freddie Have to Do With It
Understanding how loans work specifically related to real estate is very important whether you're purchasing a home, investing directly in real estate, or trading mortgage backed securities (MBS). So this week, Diana Hill ll outline the basics of conventional financing and Fannie and Freddie. Read Diana Hill's article !
From Lessons from the Pros as well:
Like Minds, Individual Approach by Sam Evans
Vertical Spreads: Part I by Josip Causic
Important Resources for Futures Traders by Sam Seiden