Thursday, Nov 05, 11:57 GMT
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Forex Blogs
The Advisor Weblog: Eur/Usd Technical perspective by Valeria Bednarik
If we place a Fibo in the last daily downleg, from 1.5062 to the 1.4625 lows, yesterday's spike reached the 61.8% retracement. Now pair is hovering around the 50%, with indicators pointing to the downside, yet price moving above every MA.
FX Market Readings: Expected market moves before and after BOE and ECB rate announcements events by Dr. S. Sivaraman
Tech Trading: EUR/USD Steps back from 61,80% Fib by César B. Leiceaga
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Nov 5, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Nov 5, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 5, 11:00 GMT | Back To Basics With Supply and Demand | Sam Seiden | WBN |  |
| Thu, Nov 5, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Nov 5, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Thu, Nov 5, 14:00 GMT | Pip Movement Ranges for Better Trade Management | Raghee Horner | WBN | |
Current Session: Europe − U.S.
GBPUSD: The 1.6602/92 Levels Seen As Next Targets
FXTechstrategy −Although a two−day rally started off the 1.6260 level has put GBP on an upside offensive, a decisive break and hold above the 1.6602 level, its Oct 29'09 high and the 1.6692 level, its Oct 23'09 high must occur to reduce its current SH downside risk. If this materializes the 1.6740 level, its Sept 11'09 high will be targeted with an eventual loss of there setting the stage for a retarget of its YTD high at 1.7041.
EUR/USD
Downtrend is still fully intact unless 4 hour close above 1.4950 happens by ACM − Advanced Currency Markets
The downtrend is still fully intact and only a 4 hour close above 1.4950 should be considered otherwise. Today's test will be to see if the 12 month uptrend line at 1.4780 offers any support
USD/JPY
The level 90.00 represents an important support zone by Swiss e Trade AG
The level 90.00 represents an important support zone, which we think will not be broken today. We rather see upmoves setting in, towards the 91.30 mark again.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , Financial Trend Analysis , KBC , Mizuho , Varengold
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Event of the Day
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 5 | 12:45 | ECB Interest Rate Decision | - | 1% | 1% |
BOE and ECB: Preview of Thursday's meetings by Easy Forex
The European Central Bank (ECB) will also hold policy meeting on Thursday November 5th. No policy change is expected.
[ Full Story ]- Forex: EUR/USD: Hovering below 1.4855 ahead of ECB (FXstreet.com)
- European markets awaiting BoE and ECB at negative levels; Euro and Pound bouncing up (FXstreet.com)
- GLOBAL MARKETS: European Stocks Decline Ahead Of BOE And ECB (Dow Jones)
Preview: ECB November rate decision and press conference by RANsquawk
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
Event of the Week
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 6 | 13:30 | Nonfarm Payrolls | - | -175K | -263K |
US nfp job losses likely moderated in October by Easy Forex
Stability in recent US jobless claims data, a sharp rise in Q3 GDP, improvement in the employment index of the October manufacturing ISM and a continued decline in the ADP unemployment index points to a slowdown in nfp job losses during October.
[ Full Story ]Thoughts on the global economy and FX markets - Don't expect much movement out of current ranges until after the payrolls report by Econometer.org
The Week Ahead - Non−farm payrolls are expected to decline further in October by BBVA Bancomer
US economic indicators - We forecast that non−farm payrolls will have declined at a somewhat slower pace of –220k in October by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 5 | 09:30 | UK | Industrial Production (YoY) (Sep) | -10.3% | -11.2% | -11.5% |
| 09:30 | UK | Manufacturing Production (MoM) (Sep) | 1.7% | 1.1% | -2.0% |
|
| 09:30 | UK | Manufacturing Production (YoY) (Sep) | -9.3% | -11.3% | -11.6% |
|
| 10:00 | IS | CBI Interest Rate Decision | 11% | 12% | ||
| 10:00 | EMU | Retail Sales (MoM) (Sep) | -0.7% | 0.2% | -0.2% | |
| 10:00 | EMU | Retail Sales (YoY) (Sep) | -3.6% | -2.4% | -2.6% | |
| 12:00 | UK | BoE Interest Rate Decision | 0.5% | 0.5% | ||
| 12:45 | EMU | ECB Interest Rate Decision | 1% | 1% | ||
| 13:30 | CA | Building Permits (MoM) (Sep) | 1.6% | 7.2% | ||
| 13:30 | US | Unit Labor Costs (3Q)  | -3.2% | -5.9% | ||
Educational Resources
A Little Something to Take the Emotion Out
Without the right set of rules and more importantly the right attitude, attaining a successful trading career can and will be an uphill struggle from the very start. This week we will look at how each and every new trader needs to understand that the thorn in the side of many a failed speculator lies in the emotional game. Read Sam Evans' article !
Related Resources
Emotion Management System - Report by Dima Chernovolov
Trading and Emotions - Report by Tomas Cedavicius
Mastering Emotions In Trading - Q&A Session Transcript by Jay Lakhani