Wednesday, Oct 28, 12:18 GMT
U.S. Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
To Get Started
- EUR/USD to reach levels below 1.35 or above 1.75? Whatch the videos with the experts forecasts.
- Go to the Forum and tell us if you agree with Rob Booker, Ashraf Laidi, Kim Cramer or James Chen
- Real-Time Economic Calendar: New 2.0 Design with upgraded charts and sound notifications
- WEBINAR VIDEOS: Asian Session: Live Market Analysis by Dr.S.Sivaraman
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
Tech Trading: EUR/JPY At 38,20 Fib level by César B. Leiceaga
The expected retracement from the top of the range rapidly arrived due to overbought conditions on daily studies. 134,90 represents an important support area (38,20% Fib of the whole bull move 129,00 − 138,50). 4 hour RSI suggests a short term bounce from here but if eur/usd has finally topped then the probabilities of eur/jpy to weaken remain high.
The Advisor Weblog: Deflation in Europe, my favorite subject! by Valeria Bednarik
FX Market Readings: Mid week - expected moves for the day by Dr. S. Sivaraman
FxBootcamp: FOREX VIDEO - European Outlook October 28th 2009 by David R Pegler
Sponsored by 
Live Sessions Schedule
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Oct 28, 14:00 GMT
Type of Session: Webinar
An introduction to Price Behaviour: Part 4
Expert: Mike Baghdady
Start: Wed, Oct 28, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 28, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
| Wed, Oct 28, 15:00 GMT | An introduction to Price Behaviour: Part 4 | Mike Baghdady | WBN | |
| Wed, Oct 28, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Wed, Oct 28, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
Current Session: Europe − U.S.
Outlook Bearish Below The 1.4844/1.5000 Levels
FXTechstrategy − As a follow through lower on the pair's collapse off the 1.5062 level saw it violating key support at the 1.4844 level, its Sept 23'09 high on Tuesday, threats of further downside is now seen towards the 1.4699 level, its daily 50 emaand its Oct 09'09 low at 1.4672. Its current weakness is coming on the back of its medium term run off the 1.2456 level to as high as the 1.5062 and with corrective declines triggered, an eventual loss of the 1.4699/72 levels could portend danger towards its LT trendline at 1.4556.
USD/JPY
Expect the dollar to trend lower today to levels around 90.20 / 90.10 by Swiss e Trade AG
Tthe dollar has been trending lower against the yen over the last two days. Currently priced at 90.99, we expect the dollar to trend lower today to levels around 90.20 / 90.10 in slow trading.
EUR/GBP
Stuck in a bit of a range here between 0.09085 – 0.9027 by Turtle Futures
Our MACD turned positive at X (0.9050) and although we are still in the sell zone (below zero) that is a bullish signal. I would look to stand aside at the moment and watch for breaks.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , 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 DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 28 | 12:30 | Durable Goods Orders ex Transportation | - | 0.7% | 0.8% |
| Oct 28 | 12:30 | Durable Goods Orders | - | 1.0% | -2.4% |
US economic indicators - Durable goods orders (Sep): rising slightly after August plunge by BHF−Bank
After plummeting by 2.6% mom in August, durable goods orders could have risen by about 1% mom in September.
[ Full Story ]Event of the Week
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 12:30 | Gross Domestic Purchases Price Index | - | 1.2% | -1.4% |
| Oct 29 | 12:30 | Gross Domestic Product Annualized | - | 3.1% | -0.7% |
Friday Notes - A strong third quarter by UniCredit Group
[ Full Story ]US: Big gain advance Q3 GDP expected by Easy Forex
GDP Observatory - US: Recovery will take hold in 3Q09 by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 28 | 02:00 | NZ | Business Confidence (Oct) | 48.2 | 49.1 | |
| 07:00 | DE | Import Price Index (MoM) (Sep) | -0.9% | -0.7% | 1.3% | |
| 07:00 | DE | Import Price Index (YoY) (Sep) | -11.0% | -10.7% | -10.9% | |
| 11:00 | US | MBA Mortgage Applications (Oct 23) | -12.3% | -13.7% | ||
| n/a | DE | Consumer Price Index (MoM) (Oct)  | 0.1% | -0.4% | ||
| n/a | DE | Consumer Price Index (YoY) (Oct) | 0.0% | -0.3% | ||
| 12:30 | US | Durable Goods Orders (Sep) | 1.0% | -2.4% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Sep) | 0.7% | 0.8% | ||
| 14:00 | US | New Home Sales (Sep) | 442K | 429 | ||
| 14:00 | US | New Home Sales (MoM) (Sep) | 2.6% | 0.7% | ||
Educational Resources
Profit from trading by going back to basics
Untrained traders flooding in paired with unprecedented market volatility means the game has changed for professional traders, but the solution is simpler than others would have you believe... Read full Mike Baghdady's article !
From Mike Baghdady as well:
An introduction to Price Behaviour: Part 4 - Live Session on Wed, Oct 28 2009 at 15:00 GMT - Register Here
Webinar recordings - An introduction to Price Behaviour at his author's page