Friday, Oct 30, 11:58 GMT
U.S. Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
To Get Started
- Learn forex trading and put in practice your skills with the Learning Center. Practice B is now available!
- 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: London Session Scenarios on GBPUSD & GBPJPY by Mihai Marinescu
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
The Advisor Weblog: Eur/Usd pushing higher by Valeria Bednarik
Euro remains close to daily high, forming a small continuation flag in the 4 hours chart; fighting also with the 38.2% retracement of the last upleg, and after rebounding in the 20 SMA, pair is set to continue to the upside.
Tech Trading: EUR/GBP My trade plans by César B. Leiceaga
The Trader’s Edge: EUR/USD Outlook & Happy Weekend by Ross Yamashita
FX Market Readings: Month end -expected market moves by Dr. S. Sivaraman
Sponsored by 
Live Sessions Schedule
Tracking the forex market together / Part II
Expert: Dr.S.Sivaraman
Start: Fri, Oct 30, 14:00 GMT
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Nov 2, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 30, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Oct 30, 13:00 GMT | Live Trading Set Ups with Chart Patterns and Market Cycles | Raghee Horner | WBN | |
| Fri, Oct 30, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Oct 30, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
Current Session: Europe − U.S.
EURUSD: Halts Declines, Targets The 1.4844 level
FXTechstrategy − Although its mentioned nearer term weakness has halted, EUR must build on its Thursday strength and break and hold above its strong resistance residing at the 1.4844 level, its Sept 21'09 high to signal further upside gains towards the 1.5000 level. A breach of the latter will expose its YTD high at 1.5062 with a loss of there triggering the resumption of its medium term uptrend.
GBP/USD
GBP/USD moving back in a slight down correction by Swiss e Trade AG
The pound also has lost its swing mood in early European trading and is currently moving back in a slight down correction, priced right now at 1.6530 against the dollar. Here, too, a sideways market can be expected for today`s trading hours, moving between 1.6590 and 1.6480.
USD/CHF
Swiss Franc jumps against the Euro and Dollar on possible SNB intervention by FXstreet.com
The Swissy has jumped suddenly in the last hour against the Euro and Dollar to reach intra−day high levels. The EUR/CHF has risen around 100 pips from 1.5080 to break MA55 hourly at 1.5110 and MA200 hourly at 1.5120 to hit 1−week high at 1.5172.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , 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 PERSONAL INCOME
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 30 | 12:30 | Personal Consumption Expenditures | - | -0.5% | 1.3% |
| Oct 30 | 12:30 | Personal Consumption Expenditure Deflator | - | -0.5% | -0.5% |
| Oct 30 | 12:30 | Personal Income (MoM) | - | 0.1% | 0.2% |
US economic indicators - The PCE core deflator is likely to have gone up by a mere 1.5% qoq in Q3 by BHF−Bank
Given the modest rise in average hourly earnings and the slight drop in working hours, we forecast that personal income will have increased by a mere 0.1% mom in September.
[ Full Story ]Event of the Week
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 12:30 | Real Personal Consumption Expenditures (QoQ) | 3.4% | - | -0.9% |
| Oct 29 | 12:30 | Gross Domestic Purchases Price Index | 1.6% | 1.2% | -1.4% |
| Oct 29 | 12:30 | Gross Domestic Product Annualized | 3.5% | 3.2% | -0.7% |
Fundamental Currencies Comments - Optimism after the release of the U.S. GDP by ecPulse.com
[ Full Story ]- Read the GDP data at Commerce Department
- GLOBAL MARKETS: European Stocks Seen Higher On US GDP (Dow Jones)
- CURRENCIES: Dollar Falls As GDP Data Boosts Risk Appetite (Dow Jones)
- U.S. markets advance after stronger than expected GDP; Dollar and Yen plunge (FXstreet.com)
Daily World Market Update - GDP figures revealed an annualised growth rate of 3.5pct versus a consensus of 3.2pct by World First UK Ltd
Market Comment - An increase of $113 billion in total GDP from the 2Q to the 3Q by Comstock Partners Inc.
Morning Report - US advance GDP grew 3.5pct annualised in Q3 by Westpac Institutional Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 30 | 07:00 | DE | Retail Sales (YoY) (Sep) | -3.9% | -2.2% | -2.6% |
| n/a | UK | Nationwide Housing Prices s.a (MoM) (Oct) | 0.4% | 0.6% | 0.9% | |
| n/a | UK | Nationwide Housing Prices n.s.a (YoY) (Oct) | 2.0% | 1.8% | 0.0% | |
| 10:00 | EMU | Consumer Price Index (YoY) (Oct)  | -0.1% | -0.1% | -0.3% | |
| 10:00 | EMU | Unemployment Rate (Sep) | 9.7% | 9.7% | 9.6% | |
| 10:30 | CH | KOF Leading Indicator (Oct) | 1.45 | 1.16 | 0.85 | |
| 12:30 | CA | Gross Domestic Product (MoM) (Aug) | 0.1% | 0.0% | ||
| 12:30 | US | Personal Consumption Expenditure Deflator (Sep) | -0.5% | -0.5% | ||
| 12:30 | US | Personal Consumption Expenditures (Sep) | -0.5% | 1.3% | ||
| 12:30 | US | Personal Income (MoM) (Sep) | 0.1% | 0.2% | ||