Tuesday, Nov 03, 12:05 GMT
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Forex Blogs
The Advisor Weblog: Euro and Swissy breaking lower by Valeria Bednarik
Well, I did not been able to finish AUD previous post, while price already break lower (still far from long term confirmations but well there we are) and both Euro and Swissy break previous key highs. a quick post: watch next support in Euro at 1.4640.
The Trader’s Edge: EUR/USD Snapshot - Could it hit 1.5600? by Ross Yamashita
Tech Trading: EUR/JPY Respected bearish trendline by César B. Leiceaga
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Nov 3, 15:00 GMT
Type of Session: Webinar
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Nov 3, 17:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 3, 14:00 GMT | Daily chart analysis  | Adam Rosen | WBN |  |
| Tue, Nov 3, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Nov 3, 17:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
| Tue, Nov 3, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
EUR/USD: Euro drops to 1.4630 fresh one month low
FXstreet.com − The Euro has declined sharply during European session, hit y risk aversion and negative stocks, and the pair's retreat from 1.4815 high during Asian session has broken below 1.4770 on early European session to reach 1.4630 low so far.
In case of further decline, below 1.4630 session ow, next support levels are 1.4590 and 1.4520/50. On the upside, resistance levels lie at 1.4685/00 (Oct 29, Nov 2 low), and above here, 1.4730 and 1.4770.
GBP/USD
USD: Sideways Movement With a Slight Bid Tone by Swiss e Trade AG
The pound is right now at 1.6305 this European morning, having lost considerable ground yesterday and in Asian trading. Even more oversold than the euro, we see the present levels holding in today`s trading.
USD/JPY
USDJPY continues to track daily cloud cover lower by ACM − Advanced Currency Markets
With the sharp sell−off in USDJPY after CIT bankruptcy news, Yesterday USDJPY broke below the head−and−shoulders neckline and key support at 90.10, spiking to a low of 89.20.
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
Australia RBA INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 3 | 03:30 | RBA Interest Rate Decision | 3.50% | 3.50% | 3.25% |
Forex: AUD/USD: Aussie, bearish after rate hike, drops below 0.9000 (FXstreet.com)
Reserve Bank of Australia has raised its benchmark interest rate, from 3.25% to 3.5%, ,and the Aussie experienced a bearish reaction, dropping more than 100 pips, from 0.9095 ahead of the RBA decision, to levels below 0.8985 support, reaching 0.8960 session low at European opening times.
[ Full Story ]- Read the Rate data at RBA
- Asian forex market wrap: AUD lower after RBA hikes (Forex Live)
- AUD/USD drops 30 pips after RBA raises rates by 25 bps as expected (Forex Live)
- RBA +0.25 (Forex Live)
Asia Market Update - Reserve Bank of Australia hikes rates by 25bps for second consecutive month by TradeTheNews.com
Event of the Week
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 5 | 12:45 | ECB Interest Rate Decision | - | 1% | 1% |
EMU economic indicators - ECB council: no policy change by BHF−Bank
As far as next week's ECB council meeting is concerned, however, we are expecting the policy stance to be left unchanged. The central bank will probably restrict itself to gradually becoming more upbeat in its assessment of the macroeconomic situation and gently hinting that exit will be necessary "at some point".
[ Full Story ]Euro Thoughts - No major surprises are expected on the November ECB meeting by UniCredit Group
Top Fundamental Stories - Analysts expect the rate to remain unchanged by ecPulse.com
Sunrise Market Commentary - No change in interest rates is expected by KBC Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 2 | 21:45 | NZ | Labor Cost Index (QoQ) (1Q) | 0.4% | 0.3% | |
| Nov 3 | 02:00 | NZ | ANZ Commodity Price (Oct) | 4.6 | 6.8 | |
| 03:30 | AU | RBA Interest Rate Decision | 3.50% | 3.50% | 3.25% | |
| 09:30 | UK | PMI Construction (Oct) | 46.2 | 46.7 | ||
| 15:00 | US | Factory Orders (Sep) | 1.1% | -0.8% | ||
| 22:00 | US | ABC/Washington Post Consumer Confidence (Nov 1) | -51 | |||
| 23:50 | JP | Monetary Base (YoY) (Oct) | 4.5% | |||
| Nov 4 | 00:01 | UK | Nationwide Consumer Confidence (Oct) | 72 | 71 | |
| 00:30 | AU | Building Permits (MoM) (Sep) | 2.4% | -0.1% | ||
| 00:30 | AU | Retail Sales Trend (MoM) (Sep) | 0.5% | 0.9% | ||
Educational Resources
Understand your Trading System
In today's market, a trader's problems change as quickly as he or she can solve them, which is why having a rule−based strategy is more important than ever, says Mike Baghdady. In addition to trying to make correct trading decisions, new issues have arisen that we must attend to such as anonymity to protect our orders from negative selection and executing our orders with the least possible market impact.
Read Mike Baghdady's new educational contribution!
More about Trading Systems:
Forex Trading System - Report by Dima Chernovolov
Building a Trading System in the Forex - Webinar Recording by John Jagerson
Trading Systems - Q&A Session Transcript by Dan Blystone