Free Forex Trading Signals For 10.31.2016

Free Forex Signals#UDSX          98.60—-98.00              Sell at the Top,                  Stop Loss 30 pips,         Target at the Buttom
EUR/USD     1.1030—-1.0940          Buy at the Buttom,            Stop Loss 40 pips,         Target at the Top
GBP/USD     1.2230—-1.2130           Buy at the Buttom,            Stop Loss 40 pips,         Target at the Top
USD/CHF     0.9900—-0.9820        Sell at the Top,                  Stop Loss 40 pips,         Target at the Buttom
USD/JPY      105.00—-104.0            Sell at the Top,                  Stop Loss 40 pips,         Target at the Buttom
AUD/USD     0.7640—-0.7560        Buy at the Buttom,            Stop Loss 40 pips,         Target at the Top
USD/CAD     1.3470—-1.3350          Sell at the Top,                  Stop Loss 40 pips,         Target at the Buttom
GOLD            1287.00—1265.00       Buy at the Buttom,             Stop Loss 5 $,                Target at the Top
Silver             18.00—17.60                Buy at the Buttom,             Stop Loss 0.15 $,            Target at the Top
Oil                   49.50—48.10               Buy at the Buttom,             Stop Loss 0.50 $,            Target at the Top

Keywords:Forex Trading Signals,Forex Trading Strategy,Forex Trading System,Free Forex Analysis,Forex Forecast
If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

The Economic Week Ahead for 10.31.2016

economic-week-sept16-1

Main Macro Events This Week

FBI’s Comey dropped a bombshell on the markets late Friday as he announced the agency would be reviving the Clinton email probe after learning, via a separate investigation, of the existence of apparently “pertinent” messages on a PC owned by Anthony Weiner (estranged husband of Clinton advisor Huma Abedin). In his letter, Comey reportedly told key members of Congress that his agency should take “appropriate investigative steps.” Wall Street dropped on the news, though a bounce in Biotech and Pharma shares (on the hot seat under Clinton) helped the Dow recover toward unchanged levels. The Mexican peso, the de facto election barometer, was the main casualty of the news, plunging 1.4% before closing 0.9% lower. Concurrently, bond yields closed modestly lower on short covering and risk aversion. This heightened uncertainty will make for an extraordinary run up to the November 8 election.

United States: The FOMC (Tuesday, Wednesday) will be a point of interest for the markets this week, but not quite the center of attention it usually is. The pick-up in Advance Q3 GDP to 2.9% helped clear the way for a hike in December, and implied futures were suggesting about a 75-80% probability — the November 1, 2 FOMC was never really in the running due to the election. Other data this week will have more relevance for how the markets set up for the December policy decision. Remember, the onus is on the data to keep the Fed sidelined at year end. Personal income (Monday) and PCE. Chicago PMI and  Dallas Fed index (Tuesday) and construction spending. MBA mortgage applications are on tap (Wednesday), along with the ADP employment survey set to increase 160k in October. Q3 productivity (Thursday) along with. Initial jobless claims, ISM services and factory goods orders.  The employment report will highlight on Friday, with October nonfarm payrolls expected to increase by 174k vs 156k in September, with a 160k private payroll gain. The unemployment rate is expected to tick back down to 4.9% from 5.0% in September. The workweek is expected to hold at 34.4 for a second month. Hourly earnings are expected to be up 0.2% which would leave a 2.5% y/y rise. Hours-worked should be 0.1% for the month following a 0.4% increase last month.

The Q3 earnings announcements continue this week. So far, most of the S&P companies which have announced have beaten estimates.  This week includes Electronic Arts, Pfizer, Alibaba, Allergan, Facebook, Fitbit, Time Warner, Kraft Heinz, Adidas, Liberty Global, Starbucks and BMW.

Canada: A heavy slate of economic data this week: The industrial product price index (Monday), GDP (Tuesday), Employment (Friday) is projected to fall 15.0k in October, but after the stunning 67.2k surge in September. The unemployment rate is seen steady at 7.0%. The trade deficit also (Friday) is expected to narrow to -C$1.8 bln in September from -C$1.9 bln in August, as Canada’s trade position continues to gradually improve. The October RBC manufacturing PMI (Tuesday) and October Ivey PMI (Friday) are also due.

Europe: Preliminary Eurozone Q3 GDP numbers and October inflation data will be in focus this week, which together with the final readings for October PMI surveys, will add to the data mix that could prove decisive for the ECB December decision on future QE purchases. Preliminary Eurozone HICP inflation (Monday) meanwhile is seen accelerating to 0.5% y/y.The data calendar also has unemployment numbers from Germany for October, (Wednesday). Eurozone September unemployment (Thursday) is seen steady at 10.2%. German retail sales and French production data are also on the slate.

UK: The BoE’s Monetary Policy Committee meets for the first time since September (announcing Thursday), and the central bank will at the same time release the latest Quarterly Inflation Report with updated growth and inflation projections. While last week brought some good news, including the solid Q3 GDP report and news that Nissan will remain committed to its manufacturing operations in Brexit-bound Britain, the outlook remains clouded by uncertainty. S&P affirmed its AA credit rating for the UK late on Friday, although the agency maintained its negative outlook and warned that Brexit “presents a significant risk to the UK’s track record of strong economic performance, and to its large financial sector in particular.” The UK data calendar is also busy this week. Monthly BoE lending data (Monday) should see lending stabilize. The October PMI surveys highlight. The manufacturing PMI release (Tuesday), the construction PMI (Wednesday) and the services PMI (Thursday). Outcomes in-line with expectations would affirm that the economy is continuing to expand in early Q4.

China: The only reports are the services and manufacturing PMI measures (both Tuesday).

Japan: The BoJ meeting (Monday, Tuesday) will be anxiously awaited amid policy uncertainties. While Governor Kuroda and Company are not expected to reveal any changes to the QE program, the markets will be watching for any shift to the Bank’s timeline for hitting its inflation goal of 2%. Data wise September preliminary industrial production, Retail sales , housing starts, construction orders and auto sales are all published  (Monday). The Nikkei/Markit October manufacturing PMI (Tuesday) is forecast at 48.0 from 48.2 previously. October consumer confidence (Wednesday) is forecast at 42.5 from 43.0 previously, while October services PMI is due Friday. The markets are closed for a holiday Thursday.

Australia: The calendar is highlighted Reserve Bank of Australia’s meeting (Tuesday), expected to result in no change to the current 1.50% setting for the policy rate. Building approvals (Wednesday), the trade deficit (Thursday), Retail sales (Friday) and finally the October Melbourne Institute inflation index (Monday) is also scheduled for release.

2016-10-31_09-02-03

2016-10-31_09-02-41

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

US Durable Goods – Weak – But USD Gains

2016-10-27_16-33-20

USDJPY, Daily               

The U.S. durables report revealed lean September orders ex-transportation with a small drop in transportation orders and a big drop for defense, alongside divergent equipment data with shipments gains that lifted Q3 prospects slightly, but with orders weakness that slightly trimmed Q4. We also saw firm shipments data and lean inventories that left no impact on  3.3% Q3 GDP forecast. Expectations are for a 2.6% (was 2.9%) contraction rate for real equipment spending in tomorrow’s GDP report, after a 2.9% rate of decline in Q2. Also expect an $11 (was $12) bln Q3 inventory addition that leaves a $2 bln accumulation rate, following five prior consecutive inventory subtractions that culminated with a $9.5 bln liquidation rate in Q2 that was the first drop since 2011.

U.S. initial jobless claims fell 3k to 258k in the week ended October 22 from a revised 261k previously (was 260k). That brought the 4-week moving average up to 253.0k from 252.0k (revised from 251.75k). Continuing claims declined 15k to 2,039k in the week ended October 15 versus the prior 4k rise to 2,054k (revised from 2,057k). The BLS said there were no special factors affecting claims last week.

The USD reacted positively to this as USDJPY hit a three month high at 104.88, EURUSD 1.0918 and Cable continues to pivot around 1.2200 at 1.2215. Gold dipped too and trades under USD 1270.00.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

EURCAD Hits Target 1 & EURAUD looks interesting

2016-10-27_12-11-38

EURAUD, Daily               

Yesterday’s EURCAD LONG post hit Target 1 (1.4620) later in the day as the trickle of news out of Europe improved and the US Oil price remained firmly below USD 50 for a short term net gain of 70 pips. Target 2 remains at the psychological 1.4700. Today’s Eurozone news is that Spanish unemployment dropped to 18.9% in Q3 from 20.0% in the second quarter. The improvement is more pronounced than expected, but levels remain high, especially among the under 25s which is also a social problem and one of the reason behind the rise in support for protest parties.

The EURAUD also looks interesting on the daily chart. Yesterday’s large wick on the candle to a 17 month intra-day low of 1.4126 was quickly bid up to close the day at 1.4255.  The overnight rally to 1.4300 prompted a long position for a short term Target 1, a little over the rising 14 DATR (0.0140), at 1.4410. The Target 2 is a little north of the 38.2 Fibonacci level and 20 DMA at the psychological 1.4500.  The RSI remains positive at 40 and rising, the short-term stochastics are positive and rising and the Parabolic SAR turn positive yesterday too.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Macro Events & News for 10.28.2016

2016-10-27_09-06-50

FOREX News Today

European Outlook: Asian stock markets headed broadly lower, as investors remain focused on the earnings season, with Canon Inc. the biggest drag on the index. U.K. and U.S. stock futures are also down, following on from losses yesterday. Oil prices are up from lows, but the front end WTI (USOil) futures remains firmly below USD 50 per barrel, as U.S. East and Gulf coast stockpiles rose and the country’s production picked up. In Europe Deutsche Bank reports earnings today and the calendar has U.K. Q3 GDP growth data, which is expected to show a sharp deceleration in the quarterly growth rate to 0.3%. The Eurozone has M3 money supply growth and Italian consumer and business confidence data. Elsewhere Norges Bank is expected to keep the deposit rate unchanged at 0.50%. Core European bond futures declined in tandem with stock markets yesterday, as the focus remains on the U.S. rate outlook and the U.S. Presidential Election.

US Earnings – the busiest day : Earnings will remain the focal point again today with several more heavy hitters on tap. The calendar features Alphabet, Amazon, Twitter, Amgen, Baidu, Dow Chemical, Dr Pepper Snapple, Ford Motor, Aetna, Blackstone, Bristol-Myers Squibb, Brunswick, ConocoPhillips, Celgene, Raytheon, Expedia, Choice Hotels, Colgate-Palmolive, VW, Deckers, Hanesbrands, HealthSouth, LinkedIn, MGM Resorts, Nokia, Samsung Electronics, SolarCity, and Stanley Black & Decker.

US Data reports: Revealed big upside September surprises in the advance indicator report for the trade deficit and inventories alongside a 3.1% September new home sales rise that unfortunately followed big downward revisions over the prior three months that trimmed the summer sales spike. The trade and inventory surprises lifted Q3 GDP growth estimates sharply to 3.3% from 2.5%, though there were reductions in Q4 GDP growth to 2.0% from 2.5% as the expected Q4 inventory bounce was “pulled forward” into September. Expectations are now for a September drop in the goods and services trade gap to $36.5 bln from $40.7 bln in August. Also a 0.2% September business inventory increase that incorporates yesterday’s gains of 0.2% for wholesalers and 0.3% for retailers, alongside an assumed 0.1% factory inventory rise.

Germany’s Schaeuble: U.K. can’t have Brexit “A La Carte”. Nothing really new there, with the German finance minister repeating again that single market membership requires the acceptance of the EU’s four freedoms. He also said that the EU can’t show much flexibility, which confirms again that boths sides are heading for a hard Brexit scenario and Schaeuble’s hope that the economic damage for the EU and the U.K should be kept to a minimum, may be hard to achieve.

Main Macro Events Today                

  • UK Prelim GDP –  The first post Brexit quarterly reading. So far cable has pivoted around 1.2200, since the flash crash on October 7th. Announcement watched eagerly in Downing Street and at the BOE. Expectations are for a q/q figure of 0.3%. Last time 0.5% and the subsequently revised up to 0.7%.
  • US Core Durable Goods – September figure is seen as edging up 0.2%, after August’s revised 0.1% increase.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Free Forex Trading Signals For 10.28.2016

Free Forex Signals#UDSX          99.30—-98.60              Buy at the Buttom,            Stop Loss 30 pips,         Target at the Top
EUR/USD     1.0935—-1.0850          Sell at the Top,                  Stop Loss 35 pips,         Target at the Buttom
GBP/USD     1.2240—-1.2120           Buy at the Buttom,            Stop Loss 40 pips,         Target at the Top
USD/CHF     0.9970—-0.9910          Sell at the Top,                  Stop Loss 30 pips,         Target at the Buttom
USD/JPY      105.70—-104.60          Buy at the Buttom,            Stop Loss 40 pips,         Target at the Top
AUD/USD     0.7630—-0.7540        Sell at the Top,                  Stop Loss 40 pips,         Target at the Buttom
USD/CAD     1.3440—-1.3360         Buy at the Buttom,            Stop Loss 40 pips,         Target at the Top
GOLD            1274.00—1261.00       Sell at the Top,                   Stop Loss 4 $,                Target at the Buttom
Silver             17.75—17.45                 Sell at the Top,                   Stop Loss 0.15 $,           Target at the Buttom
Oil                  50.10—49.10               Buy at the Buttom,             Stop Loss 0.50 $,            Target at the Top

Keywords:Forex Trading Signals,Forex Trading Strategy,Forex Trading System,Free Forex Analysis,Forex Forecast
If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

US Durable Goods – Weak – But USD Gains

2016-10-27_16-33-20

USDJPY, Daily               

The U.S. durables report revealed lean September orders ex-transportation with a small drop in transportation orders and a big drop for defense, alongside divergent equipment data with shipments gains that lifted Q3 prospects slightly, but with orders weakness that slightly trimmed Q4. We also saw firm shipments data and lean inventories that left no impact on  3.3% Q3 GDP forecast. Expectations are for a 2.6% (was 2.9%) contraction rate for real equipment spending in tomorrow’s GDP report, after a 2.9% rate of decline in Q2. Also expect an $11 (was $12) bln Q3 inventory addition that leaves a $2 bln accumulation rate, following five prior consecutive inventory subtractions that culminated with a $9.5 bln liquidation rate in Q2 that was the first drop since 2011.

U.S. initial jobless claims fell 3k to 258k in the week ended October 22 from a revised 261k previously (was 260k). That brought the 4-week moving average up to 253.0k from 252.0k (revised from 251.75k). Continuing claims declined 15k to 2,039k in the week ended October 15 versus the prior 4k rise to 2,054k (revised from 2,057k). The BLS said there were no special factors affecting claims last week.

The USD reacted positively to this as USDJPY hit a three month high at 104.88, EURUSD 1.0918 and Cable continues to pivot around 1.2200 at 1.2215. Gold dipped too and trades under USD 1270.00.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

EURCAD Hits Target 1 & EURAUD looks interesting

2016-10-27_12-11-38

EURAUD, Daily               

Yesterday’s EURCAD LONG post hit Target 1 (1.4620) later in the day as the trickle of news out of Europe improved and the US Oil price remained firmly below USD 50 for a short term net gain of 70 pips. Target 2 remains at the psychological 1.4700. Today’s Eurozone news is that Spanish unemployment dropped to 18.9% in Q3 from 20.0% in the second quarter. The improvement is more pronounced than expected, but levels remain high, especially among the under 25s which is also a social problem and one of the reason behind the rise in support for protest parties.

The EURAUD also looks interesting on the daily chart. Yesterday’s large wick on the candle to a 17 month intra-day low of 1.4126 was quickly bid up to close the day at 1.4255.  The overnight rally to 1.4300 prompted a long position for a short term Target 1, a little over the rising 14 DATR (0.0140), at 1.4410. The Target 2 is a little north of the 38.2 Fibonacci level and 20 DMA at the psychological 1.4500.  The RSI remains positive at 40 and rising, the short-term stochastics are positive and rising and the Parabolic SAR turn positive yesterday too.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Macro Events & News for 10.27.2016

2016-10-27_09-06-50

FOREX News Today

European Outlook: Asian stock markets headed broadly lower, as investors remain focused on the earnings season, with Canon Inc. the biggest drag on the index. U.K. and U.S. stock futures are also down, following on from losses yesterday. Oil prices are up from lows, but the front end WTI (USOil) futures remains firmly below USD 50 per barrel, as U.S. East and Gulf coast stockpiles rose and the country’s production picked up. In Europe Deutsche Bank reports earnings today and the calendar has U.K. Q3 GDP growth data, which is expected to show a sharp deceleration in the quarterly growth rate to 0.3%. The Eurozone has M3 money supply growth and Italian consumer and business confidence data. Elsewhere Norges Bank is expected to keep the deposit rate unchanged at 0.50%. Core European bond futures declined in tandem with stock markets yesterday, as the focus remains on the U.S. rate outlook and the U.S. Presidential Election.

US Earnings – the busiest day : Earnings will remain the focal point again today with several more heavy hitters on tap. The calendar features Alphabet, Amazon, Twitter, Amgen, Baidu, Dow Chemical, Dr Pepper Snapple, Ford Motor, Aetna, Blackstone, Bristol-Myers Squibb, Brunswick, ConocoPhillips, Celgene, Raytheon, Expedia, Choice Hotels, Colgate-Palmolive, VW, Deckers, Hanesbrands, HealthSouth, LinkedIn, MGM Resorts, Nokia, Samsung Electronics, SolarCity, and Stanley Black & Decker.

US Data reports: Revealed big upside September surprises in the advance indicator report for the trade deficit and inventories alongside a 3.1% September new home sales rise that unfortunately followed big downward revisions over the prior three months that trimmed the summer sales spike. The trade and inventory surprises lifted Q3 GDP growth estimates sharply to 3.3% from 2.5%, though there were reductions in Q4 GDP growth to 2.0% from 2.5% as the expected Q4 inventory bounce was “pulled forward” into September. Expectations are now for a September drop in the goods and services trade gap to $36.5 bln from $40.7 bln in August. Also a 0.2% September business inventory increase that incorporates yesterday’s gains of 0.2% for wholesalers and 0.3% for retailers, alongside an assumed 0.1% factory inventory rise.

Germany’s Schaeuble: U.K. can’t have Brexit “A La Carte”. Nothing really new there, with the German finance minister repeating again that single market membership requires the acceptance of the EU’s four freedoms. He also said that the EU can’t show much flexibility, which confirms again that boths sides are heading for a hard Brexit scenario and Schaeuble’s hope that the economic damage for the EU and the U.K should be kept to a minimum, may be hard to achieve.

Main Macro Events Today                

  • UK Prelim GDP –  The first post Brexit quarterly reading. So far cable has pivoted around 1.2200, since the flash crash on October 7th. Announcement watched eagerly in Downing Street and at the BOE. Expectations are for a q/q figure of 0.3%. Last time 0.5% and the subsequently revised up to 0.7%.
  • US Core Durable Goods – September figure is seen as edging up 0.2%, after August’s revised 0.1% increase.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Free Forex Trading Signals For 10.27.2016

Free Forex Signals#UDSX          98.90—-98.40             Sell at the Top,                  Stop Loss 20 pips,         Target at the Buttom
EUR/USD     1.0940—-1.0870          Buy at the Buttom,            Stop Loss 35 pips,         Target at the Top
GBP/USD     1.2260—-1.2170          Buy at the Buttom,            Stop Loss 40 pips,         Target at the Top
USD/CHF     0.9960—-0.9900          Sell at the Top,                  Stop Loss 40 pips,         Target at the Buttom
USD/JPY      104.75—-104.15          Sell at the Top,                  Stop Loss 30 pips,         Target at the Buttom
AUD/USD     0.7685—-0.7605         Buy at the Buttom,            Stop Loss 30 pips,         Target at the Top
USD/CAD     1.3400—-1.3330         Sell at the Top,                  Stop Loss 30 pips,         Target at the Buttom
GOLD            1274.00—1261.00      Buy at the Buttom,             Stop Loss 5 $,               Target at the Top
Silver             17.80—17.40              Sell at the Top,                   Stop Loss 0.20 $,           Target at the Buttom
Oil                  49.80—48.60              Sell at the Top,                   Stop Loss 0.50 $,           Target at the Buttom

Keywords:Forex Trading Signals,Forex Trading Strategy,Forex Trading System,Free Forex Analysis,Forex Forecast
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