Friday, Oct 23, 11:06 GMT
U.S. Trading Newsletter
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To Get Started
- Video Interview: EUR/USD to reach 1.75 early 2010 with Kim Cramer
- Real-Time Economic Calendar: New 2.0 Design with upgraded charts and sound notifications
- WEBINAR VIDEOS: Anticipating the 4th quarter by Adam Rosen
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Forex Blogs
Tech Trading: GBP/USD Update by César B. Leiceaga
I'm removing my orders because I didn't get filled at 1,6720. Cable has just plummeted after a worst than expected GDP data and players have taken advantage of this situation pushing sterling lower than expected in order to stop out traders long positions on the pair.
Francesc's Weblog: Fidelity(R) Expands Its International Investing Platform by Francesc Riverola
The Advisor Weblog: Majors’s sentiment for today by Valeria Bednarik
FX Market Readings: Week end expected big moves by Dr. S. Sivaraman
Sponsored by 
Live Sessions Schedule
Monthly Webinar − Part II: Harmonic Patterns
Expert: Sunil Mangwani
Start: Fri, Oct 23, 12:45 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 23, 11:00 GMT | Monthly Webinar − Part I: Divergence | Sunil Mangwani | WBN |  |
| Fri, Oct 23, 12:45 GMT | Monthly Webinar − Part II: Harmonic Patterns  | Sunil Mangwani | WBN | |
| Mon, Oct 26, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Oct 26, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
Sterling Slumps After Sixth Consecutive Quarter Of Contraction
ACM − Advanced Currency Markets − GBPUSD's close yesterday remained below 1.6663 (keeping the head and shoulders pattern alive) and after this morning's dismal GDP numbers the pair slump to test previous support around 1.6480−90. This has since crumbled and the pair looks to be targetting next downside level at 1.6320. The neckline of our head and shoulders lies at 1.5800, but before there expect support to come in at 1.6221, 1.6127 1.6750.
EUR/USD
Uptrend is renewed for 1.5104 key reversal area by www.deltastock.com
Yesterday's slide to 1.4944 was corrective and the uptrend is renewed for 1.5104 key reversal area. Intraday support comes at 1.4986, followed by the crucial 1.4944
USD/CHF
A bullish correction might take place in the nearest future by ForexYard
There is a bullish cross forming on the 4−hour chart's Slow Stochastic indicating a bullish correction might take place in the nearest future. The upward direction on the weekly chart's RSI also supports this notion.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Financial Trend Analysis , KBC , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Event of the Day
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 |
Daily Global Commentary - Home Sales – A Preview by Northern Trust
[ Full Story ]Live Daily Broadcast - Today's Live Show: EUR and GBP: Will Tomorrow's Data Extend the Rally vs. USD? by AllThingsForex
US: Housing market recovery may be slowing by Easy Forex
U.S:Housing Finance Initiative by BBVA Group
Event of the Week
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 21 | 08:30 | Bank of England Minutes | - | - | - |
Top Fundamental Stories - The BoE voted unanimously to keep the interest rate unchanged by ecPulse.com
[ Full Story ]- Read full minutes at BoE
- European markets, on a slight sell tone; Pound soars after BoE minutes (FXstreet.com)
- 2nd UPDATE: Pound Up As BOE Shows No Asset−Purchase Split (Dow Jones)
- UPDATE: Pound Up As BOE Minutes Show No Asset−Purchase Split (Dow Jones)
Daily World Market Update - Dovish Minutes Send Sterling Soaring by World First UK Ltd
Top Fundamental Stories - Europe Ahead: BoE Minutes reveal unanimous vote on rates and APF by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 23 | 08:30 | UK | BBA Mortgage Approvals | 42.1K | 39.7K | 40.8K |
| 08:30 | UK | Gross Domestic Product (QoQ) (Aug) | -0.4% | 0.2% | -0.6% | |
| 08:30 | UK | Gross Domestic Product (YoY) (Sep) | -5.2% | -4.6% | -5.5% | |
| 08:30 | UK | Index of Services (Aug) | -0.1% | 0.1% | -0.3% |
|
| 09:00 | EMU | Industrial New Orders (YoY) (Aug) | -23.1% | -22.5% | -24.9% |
|
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Aug) | 2.0% | 1.2% | 3.0% |
|
| 12:30 | US | Fed's Bernanke Speech | ||||
| 14:00 | US | Existing Home Sales (Sep) | 5.35M | 5.10M | ||
| 14:00 | US | Existing Home Sales (MoM) (Sep) | 5.0% | -2.7% | ||
| Oct 25 | 00:30 | AU | Producer Price Index (QoQ) (3Q) | 2.1% | ||
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