ASIAN SESSION
A) CALENDAR
-29/10/2007
-GMT 23:30 JPN Household spend (m/m), (Sep) EST -1.4% PREVIOUS -0.4%
-GMT 23:30 JPN Household spend (y/y), (Sep) EST 1.0% PREVIOUS 1.6%
-GMT 23:30 JPN Unemployment (Sep) EST 3.8% PREVIOUS 3.8%
Definition
The percentage of the people classified as unemployed as compared to the total labor force.
B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4470 115.40 2.0710
R2 1.4450 115.00 2.0665
R1 1.4435 114.80 2.0650
S1 1.4410 114.50 2.0600
S2 1.4390 114.30 2.0575
S3 1.4375 114.10 2.0555
C) WATCH
-Interest Rates
- (29/10/2007) GMT 23:30 JPN Household spend
- (29/10/2007) GMT 23:30 JPN Unemployment
D) TRADING TIPS
THE ELLIOT WAVE.
In general, corrective waves are less clearly defined and as result, tend to be more difficult to identify and predict. One points that is clearly defined, however is that corrective waves can never take place in five waves. Corrective waves are threes, never fives (with the exception of triangles ).
EUROPEAN SESSION
A) CALENDAR
-GMT 08:55 GER Unemployment Change (Oct) EST -25K PREVIOUS -50K
-GMT 08:55 GER Unemployment Rate s.a. (Oct) EST % PREVIOUS 8.8%
Definition
The percentage of the people classified as unemployed as compared to the total labor force.
B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4440 115.40 2.0650
R2 1.4410 115.00 2.0625
R1 1.4390 114.75 2.0595
S1 1.4350 114.30 2.0555
S2 1.4325 114.10 2.0530
S3 1.4300 113.85 2.0485
C) WATCH
-Interest Rates
D) TRADING TIPS
THE ELLIOT WAVE.
In general, corrective waves are less clearly defined and as result, tend to be more difficult to identify and predict. One points that is clearly defined, however is that corrective waves can never take place in five waves. Corrective waves are threes, never fives (with the exception of triangles ).
US SESSION
A) CALENDAR
-GMT 14:00 USA Consumer Confidence (Oct) EST 100.0 PREVIOUS 99.8
Definition
The Consumer Confidence index attempts to gauge consumers’ feelings about the current condition of the economy and their expectations about the economy’s future direction.
B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4450 115.40 2.0745
R2 1.4435 115.20 2.0710
R1 1.4410 115.00 2.0665
S1 1.4370 114.50 2.0635
S2 1.4350 114.35 2.0595
S3 1.4325 114.10 2.0565
C) WATCH
-Interest Rates
-GMT 14:00 USA Consumer Confidence
D) TRADING TIPS
THE ELLIOT WAVE.
In general, corrective waves are less clearly defined and as result, tend to be more difficult to identify and predict. One points that is clearly defined, however is that corrective waves can never take place in five waves. Corrective waves are threes, never fives (with the exception of triangles ).