Monday, Oct 26, 12:06 GMT
U.S. Trading Newsletter
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- EUR/USD to reach levels below 1.35 or above 1.75? Whatch the videos with the experts forecasts.
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Forex Blogs
Tech Trading: EUR/JPY Near strong resistance by César B. Leiceaga
Eur/Jpy has been range trading since March 2009 (six months) coinciding with the stock market's lows. 138,80 − 139,30 and 140,00 psychological zone adduces a tough resistance area. A retrace is likely bearing in mind daily studies at extreme overbought conditions. Take a look at Fibonacci levels to help you setup your profit targets if you're bearish on the pair.
The Advisor Weblog: Eur/Usd technical points by Valeria Bednarik
Francesc's Weblog: EUR/USD to 1.35 or above 1.75? by Francesc Riverola
FX Market Readings: last week of the month- expected volatile moves for today by Dr. S. Sivaraman
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Oct 26, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Beginners guide to trading forex
Expert: Adam Rosen
Start: Mon, Oct 26, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 26, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Oct 26, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Oct 26, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Oct 26, 15:00 GMT | Beginners guide to trading forex | Adam Rosen | WBN | |
Current Session: Europe − U.S.
GBPUSD head and shoulders may well still be intact
ACM − Advanced Currency Markets − We mentioned last week that the GBPUSD head and shoulders may well still be intact with 1.6663 as the level where sellers would be expected and after toying with the level for a couple of hours the pair has sold off a full 4 figures in less than 2 days. The next level of major support and uptrend buying is not expect until 1.6038 with some consolidation between 1.6272 and 1.6484 in the meantime. The more the pair consolidates before making another leg down the better the chances are of breaking the 10 month uptrend and the neckline down at 1.5724 / 5801.
EUR/USD
EURUSD still good for buying by Automaticx
A very good support is present around 1.4970 level and a good buy is seen around that level as EURUSD will be expected to make another move towards 1.5050 and then extend its move to 1.5100 level.
USD/JPY
The bullish trend is loosing its steam by ForexYard
The bullish trend is loosing its steam and the pair seems to consolidate around the 91.90 level. The daily chart's RSI is already floating in an overbought territory suggesting that a recent upwards trend is loosing steam.
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
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 26 | 07:00 | Gfk Consumer Confidence Survey | 4.0 | 4.5 | 4.2 |
German GfK Nov Consumer Sentiment At 4.0 vs 4.2 In Oct (Dow Jones)
German market−research group GfK's forward−looking consumer climate index fell to 4.0 points for November, Reuters news agency said Monday.
[ Full Story ]Top Fundamental Stories - Europe Ahead: Tranquil start as Germany consumer confidence rises by ecPulse.com
EMU economic indicators - The German GfK consumer confidence for November will probably only have stabilised by BHF−Bank
Event of the Week
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 12:30 | Gross Domestic Product Annualized | - | 3.1% | -0.7% |
| Oct 29 | 12:30 | Gross Domestic Purchases Price Index | - | 1.2% | -1.4% |
Friday Notes - A strong third quarter by UniCredit Group
The GDP numbers for the third quarter being released this coming Thursday should show that the US has emerged with gusto from the most severe recession of the post World War II era. We expect growth at an annual rate of 3¾%
[ Full Story ]GDP Observatory - US: Recovery will take hold in 3Q09 by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 26 | 00:30 | AU | Producer Price Index (QoQ) (3Q) | 0.1% | 0.3% | -0.8% |
| 00:30 | AU | Producer Price Index (YoY) (3Q) | 0.2% | 0.5% | 2.1% |
|
| 07:00 | DE | Gfk Consumer Confidence Survey (Nov) | 4.0 | 4.5 | 4.2 |
|
| Oct 27 | 07:00 | CH | UBS Consumption Indicator (Sep) | 0.66 | ||
| 09:00 | EMU | M3 (3M Avg) (Sep) | ||||
| 09:00 | EMU | M3 (YoY) (Sep) | 2.5% | |||
| 11:00 | UK | CBI Distributive Trades Survey − Expected (MoM) (Oct) | 36% | |||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Oct) | 3 | |||
| 14:00 | US | Consumer Confidence (Oct) | 53.1 | |||
| 14:00 | US | Richmond Fed Manufacturing Index (Oct) | 14 | |||
Educational Resources
Volatility Illuminated by Mark Whistler
Volatility Illuminated presents durable up−to−the−minute strategies for intraday and swing traders (institutional and retail). Readers will learn the importance of subset distribution compression, expansion, acceleration, force and mass, all pulled together in a simple, easy−to−understand format.
Alberto Muñoz said about the book that it is "full of very innovative trading ideas and theories, which will probably open your mind to new views about how financial markets work. The writing style is catchy and holds interest, and explanations are very clear and enjoyable."
Read more about Mark Whistler's new book!
Related Resources
Volatility Trading Strategies to Perceive and Defeat FX Volatility through Traditional Indicators - Live Session on Mon, Nov 2 2009 at 16:00 GMT - Register Here
Check his author's page to know more about him and his contributions!