(click on the above graph to view a larger version)

The British pound exhibited a firmer tone following the announcement by the Bank of England that it would expand its quantitative easing program by £25B, less than the market consensus of a £50B increase. That fundamental news, in combination with prior visual support, moving averages on multiple time frames, a trendline, and a Fibonacci retracement level, contributed to a trade plan for buying the GBP/USD currency pair soon after the U.S. equity market open. The long trade on cable yielded up to 70 pips [depending on exit strategy].

Curt Wehrley
FX Bootcamp’s Quantitative Analyst

Hey everyone, very simple and concise video today. In this presentation I take a look at the Euro USD. I conduct a top down analysis of this pair. I talk about potential movements for the next few weeks as well as an intraday outlook. It’s an interesting video in that I employ lots of EMA use today, not something I typically do. Good luck and enjoy!! David Pegler

Very sweet session indeed on quite a few pairs today. In this video I focus on just one reload entry of one of these moves, the short on the GBP/USD. We had opened London and extended right down to our daily M1 pivot point/4 hour 200 ema combination. In this video I essentially show you the plan for a re-entry into this short yet again off of a combination of Fibonacci levels, hourly 5ema, daily S1 pivot point, and 4 hour 5 ema, and targeting our S2 pivot point today around 1.6250 or so.. This entry although planned well in advance by using 15m. 1hr. 4hr charts, ultimately was taken from a zoomed in 1 minute chart watching price action at our expected resistance area. With a risk of about 20 pips we snagged a nice 60+ pip reload here around 1.6328 without much difficulty. All pairs included though, today was just Sweet!

FXBootcamp London Currency Coach-
Christian Stephens

Hey everyone. For this outlook I concentrate on the Aussie USD since we have an Aussie rate statement scheduled today. It’s a fairly tough technical read for me as a result I have defined general support and resistance and some key levels to trade around and look out for. I also take a brief technical look at Cable. Quite simple analysis employed today, price action, fibs and general support and resistance. Good luck!! David Pegler

Currency Correlation Matrix
October 2009

(click on the above graph to view a larger version)

Chart Key:

- strong positive correlation
- moderate positive correlation
- negligible correlation
- moderate negative correlation
- strong negative correlation

The correlation table shown above is based on correlation coefficients derived from 15-minute chart closing prices on GFT’s DealBook 360 platform, from October 1 through 30, 2009.

Weekly Pivot Points*
November 2 - 6, 2009

* - Based on a trading week starting on Sunday at 21:00 GMT and ending on Friday at 21:00 GMT, using price data from GFT’s DealBook 360 platform. To convert GMT to your local time, go here.

Weekly Pivot Points spreadsheet - This spreadsheet contains the weekly pivot points displayed above. The data can be downloaded in any one of several file formats by clicking the Export option on the spreadsheet’s menu bar.

Printable version - This is a printable version of the weekly pivot point tables displayed above.

Monthly Pivot Points*
November 2009

* - Based on GFT DealBook 360 price data from October 1 to 30, 2009

Monthly Pivot Points spreadsheet - This spreadsheet contains the monthly pivot points displayed above. The data can be downloaded in any one of several file formats by clicking the Export option on the spreadsheet’s menu bar.

Printable version - This is a printable version of the monthly pivot point tables displayed above.

Average Daily Ranges*
for use during the trading week of
November 2 - 6, 2009

* - Based on GFT DealBook 360 price data from October 5 to October 30, 2009. “Upper BB” predicts the maximum daily range for 95 of every 100 trading days, and is calculated by adding 2 standard deviations [of the ranges over the October 5 to October 30 period] to the average daily range.

Selling of stocks and buying of dollars had been the prevalent theme during the first three trading days of the week. After a one-day hiatus fueled by a better than expected headline figure from yesterday’s U.S. GDP report, risk aversion returned on Friday. Short trade setups on the EUR/USD currency pair produced profits between 80 to 120 pips [depending on entry and exit strategies].

Curt Wehrley
FX Bootcamp’s Quantitative Analyst