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Monday, October 31, 2011

[Slashdot] Stories for 2011-10-31

======================================================================
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Why? It contains a definitive record of application performance, security
threats, fraudulent activity, and more. Splunk takes this data and makes
sense of it. IT sense. And common sense.
http://p.sf.net/sfu/splunk-sdnws
======================================================================

Slashdot Daily Newsletter

In this issue:
* How Can I Justify Using Red Hat When CentOS Exists?
* Schools In Portugal Moving To OSS
* $25 PC Prototype Gets Award At ARM TechCon
* Dennis Ritchie Day
* Fish Evolve Immunity To Toxic Sludge
* Ohio Emergency Responders Stage Mock Zombie Invasion
* Helping the FBI Track You
* Apple Building Solar Farm In North Carolina
* iPhone 4S Has Been Jailbroken, Hack Enables Siri on iPhone 4
* Hybrid Technology Could Bring 'Quantum Information Systems'
* Microsoft Drops Suit Against Firm In Botnet Case
* Can Open Hardware Transform the Data Center?

+--------------------------------------------------------------------------------------------------------
| How Can I Justify Using Red Hat When CentOS Exists?
| from the a-litte-help-please dept.
| posted by samzenpus on Sunday October 30, @17:21 (Businesses)
| with 376 comments
| https://linux.slashdot.org/story/11/10/30/203242/how-can-i-justify-using-red-hat-when-centos-exists?utm_source=newsletter&utm_medium=email
+--------------------------------------------------------------------------------------------------------

Bocaj writes "I recently spec'd out a large project for our company that
included software from Red Hat. It came back from the CIO with everything
approved except I have to use CentOS. Why? Because 'it's free Red Hat.'
Personally I really like the CentOS project because it puts enterprise
class software in the hands of people who might not otherwise afford it.
We are not those people. We have money. In fact, I questioned the
decision by asking why the CIO was willing to spend money on another very
similar project and not this one. The answer was 'because there is no
free alternative.' I know this has come up before and I don't want to
beat a dead horse, but this is still a very persistent issue. Our CIO is
convinced that technical support for any product is worthless. He's
willing to spend money on 'one-time' software purchases, but nothing that
is an annual subscription. There is data to support that the Red Hat
subscription is cheaper that many other up-front paid software products
but not CentOS. The only thing it lacks is support, which the CIO doesn't
want. Help?"

Discuss this story at:
https://linux.slashdot.org/story/11/10/30/203242/how-can-i-justify-using-red-hat-when-centos-exists?utm_source=newsletter&utm_medium=email#commentlisting

+--------------------------------------------------------------------------------------------------------
| Schools In Portugal Moving To OSS
| from the seize-the-opportunity dept.
| posted by Soulskill on Sunday October 30, @02:17 (Education)
| with 265 comments
| https://yro.slashdot.org/story/11/10/30/024228/schools-in-portugal-moving-to-oss?utm_source=newsletter&utm_medium=email
+--------------------------------------------------------------------------------------------------------

New submitter thyristor pt writes "In light of massive national budget
cuts, the Portuguese government [0]will force public schools to move to
free/open source software (Google translation of [1]original in
Portuguese). Schools with some 50,000 outdated computers won't see their
software licenses renewed, the main reason being the cost of hardware
upgrade inherent to mostly Microsoft software updates. Will the Euro debt
crisis be a driving force to the spread of open source software?"

Discuss this story at:
https://yro.slashdot.org/story/11/10/30/024228/schools-in-portugal-moving-to-oss?utm_source=newsletter&utm_medium=email#commentlisting

Links:
0. http://translate.google.com/translate?u=http%3A//www.publico.pt/Educa%25C3%25A7%25C3%25A3o/governo-quer-software-gratis-nos-computadores-mais-antigos-das-escolas-1518785&hl=en&langpair=auto%7Cen&tbb=1&ie=UTF-8
1. http://www.publico.pt/Educa%C3%A7%C3%A3o/governo-quer-software-gratis-nos-computadores-mais-antigos-das-escolas-1518785

+--------------------------------------------------------------------------------------------------------
| $25 PC Prototype Gets Award At ARM TechCon
| from the pcs-have-never-been-so-delicious dept.
| posted by Soulskill on Saturday October 29, @23:12 (Open Source)
| with 221 comments
| https://linux.slashdot.org/story/11/10/30/006256/25-pc-prototype-gets-award-at-arm-techcon?utm_source=newsletter&utm_medium=email
+--------------------------------------------------------------------------------------------------------

New submitter [0]gbl08ma writes "The [1]Raspberry Pi project, which aims
to [2]create a $25 Linux box, won an [3]award for the category 'Best in
Show for Hardware Design' at ARM TechCon, even though they haven't yet
released any final product (the release will be sometime in late
November). Eben Upton demonstrated the capabilities of one of the
prototypes that have been built. From advanced graphics at 1080p
resolution to simple web browsing and desktop productivity, the small
boards with ARM-based processors and PoP SDRAM have proven to be very
versatile, fast and durable."

Discuss this story at:
https://linux.slashdot.org/story/11/10/30/006256/25-pc-prototype-gets-award-at-arm-techcon?utm_source=newsletter&utm_medium=email#commentlisting

Links:
0. http://gbl08ma.com/
1. http://www.raspberrypi.org/
2. http://tech.slashdot.org/story/11/05/06/122233/a-25-pc-on-a-usb-stick
3. http://www.eetimes.com/electronics-news/4230191/ARM-TechCon-celebrates-design-with-awards

+--------------------------------------------------------------------------------------------------------
| Dennis Ritchie Day
| from the celebrate-the-C dept.
| posted by samzenpus on Sunday October 30, @09:41 (Unix)
| with 219 comments
| https://news.slashdot.org/story/11/10/30/1158204/dennis-ritchie-day?utm_source=newsletter&utm_medium=email
+--------------------------------------------------------------------------------------------------------

mikejuk writes "Today we celebrate [0]Dennis Ritchie Day, an idea
proposed by Tim O'Reilly. Ritchie, who died earlier this month, made
contributions to computing that are so deeply woven into the fabric that
they impact us all. We now have to remark on the elephant in the room. If
Dennis Ritchie hadn't died just after Steve Jobs, there would probably
have been no suggestion of a day to mark his achievements. We have to
admit that it is largely a response to the perhaps over-reaction to Steve
Jobs which highlighted the inequality in the public recognition of the
people who really make their world work."

Discuss this story at:
https://news.slashdot.org/story/11/10/30/1158204/dennis-ritchie-day?utm_source=newsletter&utm_medium=email#commentlisting

Links:
0. http://radar.oreilly.com/2011/10/dennis-ritchie-day.html

+--------------------------------------------------------------------------------------------------------
| Fish Evolve Immunity To Toxic Sludge
| from the what-does-not-kill-me dept.
| posted by samzenpus on Sunday October 30, @15:48 (Earth)
| with 181 comments
| https://science.slashdot.org/story/11/10/30/1758220/fish-evolve-immunity-to-toxic-sludge?utm_source=newsletter&utm_medium=email
+--------------------------------------------------------------------------------------------------------

RedEaredSlider writes "Fish in the Hudson River and the harbor in New
Bedford, Mass., have [0]evolved resistance to PCBs. In the Hudson, a
species of tomcod has evolved a way for a very specific protein to simply
not bind to PCBs, nearly eliminating the toxicity. In New Bedford, the
Atlantic killifish has proteins that bind to the toxin (just as they do
in mammals) but the fish aren't affected despite high levels of PCBs in
their cells. Why the killifish survive is a mystery."

Discuss this story at:
https://science.slashdot.org/story/11/10/30/1758220/fish-evolve-immunity-to-toxic-sludge?utm_source=newsletter&utm_medium=email#commentlisting

Links:
0. http://www.economist.com/node/21534749

+--------------------------------------------------------------------------------------------------------
| Ohio Emergency Responders Stage Mock Zombie Invasion
| from the rick-grimes-appoved dept.
| posted by samzenpus on Sunday October 30, @11:10 (Government)
| with 173 comments
| https://science.slashdot.org/story/11/10/30/126238/ohio-emergency-responders-stage-mock-zombie-invasion?utm_source=newsletter&utm_medium=email
+--------------------------------------------------------------------------------------------------------

[0]destinyland writes "An Ohio Emergency Management Agency [1]staged a
mock zombie attack using more than 225 volunteers dressed as zombies at
an Ohio college. 'Organizers hoped the theme would attract more
volunteers than previous simulations of industrial accidents or train
crashes,' the AP reports, quoting a spokesman for the agency as saying
that 'People got zombie fever here in Delaware.' The exercise included
decontamination procedures for hazardous materials, and was inspired by
an '[2]emergency preparedness' post on the CDC web site citing the
popular fascination with zombies. Now, 'Dozens of agencies have embraced
the idea,' the AP reports, 'spreading the message that if you're prepared
for a zombie attack, you're prepared for just about anything.'"

Discuss this story at:
https://science.slashdot.org/story/11/10/30/126238/ohio-emergency-responders-stage-mock-zombie-invasion?utm_source=newsletter&utm_medium=email#commentlisting

Links:
0. http://www.destinyland.org/
1. http://www2.nbc4i.com/news/2011/oct/29/ohio-mock-zombie-outbreak-inspired-cdc-message-ar-807679/
2. http://www.bt.cdc.gov/socialmedia/zombies_blog.asp

+--------------------------------------------------------------------------------------------------------
| Helping the FBI Track You
| from the here-is-a-list-of-my-favorite-socks dept.
| posted by Soulskill on Sunday October 30, @08:18 (Privacy)
| with 155 comments
| https://yro.slashdot.org/story/11/10/30/066237/helping-the-fbi-track-you?utm_source=newsletter&utm_medium=email
+--------------------------------------------------------------------------------------------------------

Hasan M. Elahi writes in the NY Times about his run-in with the FBI
several months after September 11th, 2001. They'd received an erroneous
report that he had explosives and had fled the country, so they were
surprised when he showed up at an airport and was flagged by watch-list
software. Elahi chose not to fight the investigation, and provided the
FBI with enough detail about his life to convince them that he was a
lawful citizen. But then, he kept going, providing more and more
information about his life, [0]documenting his every move and making it
available online. His experience has been that providing too much
information affords almost the same privacy blanket as too little.
Quoting: "On my Web site, I compiled various databases that show the
airports I���ve been in, food I���ve eaten at home, food I���ve eaten on the
road, random hotel beds I���ve slept in, various parking lots off
Interstate 80 that I parked in, empty train stations I saw, as well as
very specific information like photos of the tacos I ate in Mexico City
between July 5 and 7, and the toilets I used. ... A lot of work is
required to thread together the thousands of available points of
information. By putting everything about me out there, I am
simultaneously telling everything and nothing about my life. Despite the
barrage of information about me that is publicly available, I live a
surprisingly private and anonymous life."

Discuss this story at:
https://yro.slashdot.org/story/11/10/30/066237/helping-the-fbi-track-you?utm_source=newsletter&utm_medium=email#commentlisting

Links:
0. http://www.nytimes.com/2011/10/30/opinion/sunday/giving-the-fbi-what-it-wants.html?pagewanted=all

+--------------------------------------------------------------------------------------------------------
| Apple Building Solar Farm In North Carolina
| from the working-on-sunshine dept.
| posted by samzenpus on Sunday October 30, @12:47 (Power)
| with 142 comments
| https://hardware.slashdot.org/story/11/10/30/1458251/apple-building-solar-farm-in-north-carolina?utm_source=newsletter&utm_medium=email
+--------------------------------------------------------------------------------------------------------

[0]jfruhlinger writes "Apple's [1]North Carolina data center will, it
appears, be turning greener: the company is building a [2]dedicated solar
farm to power it. That would be a welcome turnaround for proponents of
green energy, as Apple was lured to North Carolina in part by the promise
of cheap electricity from coal-fired plants."

Discuss this story at:
https://hardware.slashdot.org/story/11/10/30/1458251/apple-building-solar-farm-in-north-carolina?utm_source=newsletter&utm_medium=email#commentlisting

Links:
0. http://joshreads.com/
1. http://apple.slashdot.org/story/10/12/28/1630256/apples-1-billion-data-center-mystery
2. http://www.itworld.com/data-centerservers/217417/apple-tills-solar-farm-power-its-data-center

+--------------------------------------------------------------------------------------------------------
| iPhone 4S Has Been Jailbroken, Hack Enables Siri on iPhone 4
| from the making-changes dept.
| posted by samzenpus on Sunday October 30, @18:53 (Iphone)
| with 95 comments
| https://apple.slashdot.org/story/11/10/30/2043214/iphone-4s-has-been-jailbroken-hack-enables-siri-on-iphone-4?utm_source=newsletter&utm_medium=email
+--------------------------------------------------------------------------------------------------------

Diggester writes "Unless their chipset has already been exploited and
jailbroken on a previous device, it takes a lot of time for the iOS
jailbreaking community to jailbreak for a new iOS device. The iPhone 4S
and iPad 2, both of which are based on a still (bootrom) unexploited
dual-core A5 chip, haven't received a jailbreak for iOS 5 yet, but it
appears that they'll be getting one soon as a certain eminent iPhone
hacker has let us know that the [0] iPhone 4s has already been jailbroken
with a jailbreak for iPad 2 in the works." In related news, Hackers have
succeeded in bringing [1]a limited port of Apple's new Siri voice
assistant feature onto jailbroken versions of the iPhone 4 and the
fourth-generation iPod touch.

Discuss this story at:
https://apple.slashdot.org/story/11/10/30/2043214/iphone-4s-has-been-jailbroken-hack-enables-siri-on-iphone-4?utm_source=newsletter&utm_medium=email#commentlisting

Links:
0. http://www.redmondpie.com/jailbreak-iphone-4s-5.0.1-ios-by-iphone-dev-team/iPhone4S
1. http://www.appleinsider.com/articles/11/10/30/jailbreak_hack_enables_siri_on_iphone_4_4th_gen_ipod_touch.html

+--------------------------------------------------------------------------------------------------------
| Hybrid Technology Could Bring 'Quantum Information Systems'
| from the small-advances dept.
| posted by Soulskill on Saturday October 29, @21:01 (Supercomputing)
| with 48 comments
| https://science.slashdot.org/story/11/10/29/2233215/hybrid-technology-could-bring-quantum-information-systems?utm_source=newsletter&utm_medium=email
+--------------------------------------------------------------------------------------------------------

An anonymous reader writes "Researchers at Purdue say the merging of
plasmonics and nanophotonics is promising the emergence of new
[0]'quantum information systems' far more powerful than today's computers.
Plasmons are quasiparticles that combine electrons and photons. And by
using them in place of the simple electrons of today's computers, they
could overcome limitations in the operational speed of conventional
integrated circuits. The technology hinges on using single photons for
switching and routing in computers that would harness the exotic
principles of quantum mechanics.'"

Discuss this story at:
https://science.slashdot.org/story/11/10/29/2233215/hybrid-technology-could-bring-quantum-information-systems?utm_source=newsletter&utm_medium=email#commentlisting

Links:
0. http://www.purdue.edu/newsroom/research/2011/111027ShalaevQuantum.html

+--------------------------------------------------------------------------------------------------------
| Microsoft Drops Suit Against Firm In Botnet Case
| from the on-second-thought dept.
| posted by samzenpus on Sunday October 30, @14:17 (Botnet)
| with 41 comments
| https://it.slashdot.org/story/11/10/30/176218/microsoft-drops-suit-against-firm-in-botnet-case?utm_source=newsletter&utm_medium=email
+--------------------------------------------------------------------------------------------------------

wiredmikey writes "[0]Microsoft has dismissed a lawsuit against a company
it contended a month ago was at the heart of [1]the now-defunct Kelihos
bonnet. In September, Microsoft named Dominique Piatti and his company
dotFree Group SRO as controllers of the botnet. The move marked the first
time Microsoft had named a defendant in one of its botnet-related civil
suits. 'Since the Kelihos takedown, we have been in talks with Mr. Piatti
and dotFree Group s.r.o. and, after reviewing the evidence voluntarily
provided by Mr. Piatti, we believe that neither he nor his business were
involved in controlling the subdomains used to host the Kelihos botnet,'
blogged Richard Domingues Boscovich, Senior Attorney for Microsoft's
Digital Crimes Unit. 'Rather, the controllers of the Kelihos botnet
leveraged the subdomain services offered by Mr. Piatti's cz.cc domain.'
In regards to Kelihos, Boscovich said Microsoft is continuing its legal
fight against the 22 'John Does' listed as co-defendants in the lawsuit."

Discuss this story at:
https://it.slashdot.org/story/11/10/30/176218/microsoft-drops-suit-against-firm-in-botnet-case?utm_source=newsletter&utm_medium=email#commentlisting

Links:
0. http://www.securityweek.com/microsoft-dismisses-lawsuit-against-firm-kelihos-botnet-case
1. https://it.slashdot.org/story/11/09/27/1929236/microsoft-disables-kelihos-botnet

+--------------------------------------------------------------------------------------------------------
| Can Open Hardware Transform the Data Center?
| from the more-than-meets-the-eye dept.
| posted by Soulskill on Sunday October 30, @05:13 (Hardware)
| with 37 comments
| https://hardware.slashdot.org/story/11/10/30/0614234/can-open-hardware-transform-the-data-center?utm_source=newsletter&utm_medium=email
+--------------------------------------------------------------------------------------------------------

1sockchuck writes "Is the data center industry on the verge of a
revolution in which [0]open source hardware designs transform the process
of designing and building these facilities? This week the Open Compute
Project gained momentum and structure, forming a foundation as it touted
participation from IT heavyweights Intel, Dell, Amazon, Facebook, Red Hat
and Rackspace. That turnout is not an isolated event, but reflects a
growing focus on collaborative projects to reduce cost, timelines and
inefficiency in data center construction and operation. The Open Compute
project is just one of a handful of initiatives to bring standards and
repeatable designs to IT infrastructure."

Discuss this story at:
https://hardware.slashdot.org/story/11/10/30/0614234/can-open-hardware-transform-the-data-center?utm_source=newsletter&utm_medium=email#commentlisting

Links:
0. http://www.datacenterknowledge.com/archives/2011/10/28/can-open-hardware-transform-the-data-center/


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Action Insight Mid-Day Report 10-31-11

ActionForex.com
Action Insight Market Overview Markets Snapshot

Mid-Day Report: Yen Pares Loss after Intervention, But Beware of Second Round

After jumping from 75.56 to as high as 79.52 on Japanese intervention, USD/JPY pares more than one third of the gain as the impact of intervention fades. The Japanese yen also recover broadly against other major currencies. There are talks that the Ministry of Finance spend around JPY 5-75T to buy dollars today, even more than the then record selling of JPY 4.5T intervention back in August. While some hailed the timing of intervention, just after BoJ easing last week, there were criticism that recent volatility in the Japanese yen doesn't really warrant intervention. Some said that it would be difficult for Japan to explain to other G7 counterparts.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 75.65; (P) 75.83; (R1) 75.98; More.

After the intervention surge, USD/JPY formed a temporary top at 79.52 and retreated. Intraday bias is turned neutral for some consolidations. But we'd expect downside of retreat to be contained by 77.48 resistance turned support and bring another rise. As noted before, the strong break of near term falling trend line indicates that whole decline from 85.51 should be finished. Above 79.52 should send USD/JPY through 80.23 resistance to 61.8% retracement of 85.51 to 75.56 at 81.70.

Read more...

Forex Brokers
Advanced Currency Markets GFT FXCM
Featured Technical Report

Fed to Hold Policy Stance Unchanged, Focus on Improving Communication

At the November FOMC meeting, the Fed will likely leave the policy rate unchanged at 1% and will not announce additional easing measures as recent economic data improved. Yet, the focus lies on policymakers' discussion about ways of increasing transparency and tools to boost growth when needed. At the post-meeting press conference, Chairman Ben Bernanke will assure the market that the stimulus currently in place is sufficient and the Fed will promptly implement further easing measures should the recovery disappoint.

Read more...

Economic Indicators Update

Top trading expert speakers, analysts and exhibitors. Discover the Newest Comer to the market, analyze latest market trends explore different trading platforms, and explore a wide opportunity on future investments. The 9th ME Forex & Investment Summit 2011

Don’t miss this year’s World MoneyShow London, 11-12 November 2011 at the Queen Elizabeth II Conference Centre. Be there as recommendations and advice are revealed for how to best position your portfolio for profit—in 2011 and beyond. Don't miss out... Register Free Today!

GMT Ccy Events Actual Consensus Previous Revised
21:45 NZD Building Permits M/M Sep -17.10% 2.00% 12.50% 16.60%
23:15 JPY Nomura/JMMA Manufacturing PMI Oct 50.6 49.3
05:00 JPY Housing Starts Y/Y Sep -10.80% 8.60% 14.00%
09:30 GBP Mortgage Approvals Sep 51K 50.5K 52.4K
09:30 GBP M4 Money Supply M/M Sep -0.40% 0.30% -0.20% -0.40%
09:30 GBP M4 Money Supply Y/Y Sep -1.70% -0.60% -0.80%
10:00 EUR Eurozone CPI Estimate Y/Y Oct P 3.00% 2.90% 3.00%
10:00 EUR Eurozone Unemployment Rate Sep 10.20% 10.00% 10.00% 10.10%
12:30 CAD GDP M/M Aug 0.30% 0.20% 0.30%
12:30 CAD Industrial Product Price M/M Sep 0.40% 0.10% 0.50%
12:30 CAD Raw Materials Price Index M/M Sep 1.40% -2.40% -3.20%
13:45 USD Chicago PMI Oct 59 60.4
Orders and Options Watch

US Session: Orders and Options Watch

JPY: After intra-day BOJ inspired rally to 79.55, the greenback once again ran into heavy offers from exporters and has retreated from there once bids at 79.20 were filled, price then quickly slipped below 78.00 level but bids emerged again at 77.80/85, more buying interest are tipped at 77.50/55 with stops seen below 77.50 and 77.30 but more bids are located further out at 77.00/10. On the upside, offers from European names and exporters are reported at 78.40/50 and also at 79.00-10 with some stop-buy orders placed above 79.20/25 and mixtures of offers and stops are seen at 79.50-60 and further out at 80.00-10 with sizeable stops building up above 80.30 and 80.50/55.

Read more...

Forex Trade Ideas

Trade Idea Update: USD/JPY – Buy at 77.70

Dollar’s retreat after intra-day rally to 79.55 suggests a minor top has been formed there and consolidation with mild downside bias is seen for retracement to 77.65/70, reckon the Kijun-Sen (now at 77.55) would limit downside and bring another rise later. A break of 79.10/20 would suggest the pullback from 79.55 has ended and bring a retest of this level and possibly towards 80.00 but previous resistance at 80.25 should remain intact.

Read more...

Trade Idea: EUR/JPY – Buy at 107.10

The single currency rallied after brief pullback to 106.60 (just missed our entry at 106.55) and price surged to as high as 111.57, however, as euro then retreated quite sharply from 111.57, suggesting consolidation below this resistance would be seen and pullback to previous resistance at 108.14 cannot be ruled out, however, renewed buying interest should emerge above 107.00 and bring another rise later.

Read more...

Candlesticks Intraday Trade Ideas Update Schedule (GMT):
1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530
Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF

Elliott Wave Daily Trade Ideas Update Schedule (GMT):
AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500

Suggested Readings

Fundamental Highlights

Technical Highlights


Forward this report to a friend!

This email was sent to banzou.forex@blogger.com by contact@actionforex.com |  

Action Forex Company Limited | Room 1707, 17/F | Treasure Center | 42 Hung To Road | Kwun Tong | Kowloon | 852 | Hong Kong

Action Insight Daily Report 10-31-11

ActionForex.com
Action Insight Market Overview Markets Snapshot

Daily Report: Yen Tumbles as Japan Intervene for the Third Time This Year, USD/JPY Pressing 80

Japanese yen dives sharp today as Japan intervened for the third time this year. That sent USD/JPY steeply up from record low of 75.56 to as high as 79.50 within two hours. And judging from the price actions, the intervention was done in multiple shot and has been quite persistent. Finance minister confirmed the unilateral intervention and noted in a press conference that he has already warned of "decisive steps" against speculative moves, and thus, he ordered intervention at around 10:25 am Japan time. Azumi also noted that he will continue the move until he's satisfied but didn't mention the target level.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

USD/JPY Daily Outlook

Daily Pivots: (S1) 75.65; (P) 75.83; (R1) 75.98; More.

USD/JPY jumps sharply on intervention today and reaches as high as 79.52 so far. The strong break of 77.48 resistance as well as the near term falling channel indicates that whole decline from 85.51 should be finished. Near term outlook is turned bullish for 80.23 resistance first and break will target 61.8% retracement of 85.51 to 75.56 at 81.70. On the downside, in case of retreat, we'd expect strong support above 77.48 resistance turned support to contain downside and bring another rise.

Read more...

Forex Brokers
Advanced Currency Markets GFT FXCM
Featured Technical Report

Fed to Hold Policy Stance Unchanged, Focus on Improving Communication

At the November FOMC meeting, the Fed will likely leave the policy rate unchanged at 1% and will not announce additional easing measures as recent economic data improved. Yet, the focus lies on policymakers' discussion about ways of increasing transparency and tools to boost growth when needed. At the post-meeting press conference, Chairman Ben Bernanke will assure the market that the stimulus currently in place is sufficient and the Fed will promptly implement further easing measures should the recovery disappoint.

Read more...

Economic Indicators Update

Top trading expert speakers, analysts and exhibitors. Discover the Newest Comer to the market, analyze latest market trends explore different trading platforms, and explore a wide opportunity on future investments. The 9th ME Forex & Investment Summit 2011

Don’t miss this year’s World MoneyShow London, 11-12 November 2011 at the Queen Elizabeth II Conference Centre. Be there as recommendations and advice are revealed for how to best position your portfolio for profit—in 2011 and beyond. Don't miss out... Register Free Today!

GMT Ccy Events Actual Consensus Previous Revised
21:45 NZD Building Permits M/M Sep -17.10% 2.00% 12.50% 16.60%
23:15 JPY Nomura/JMMA Manufacturing PMI Oct 50.6 49.3
5:00 JPY Housing Starts Y/Y Sep -10.80% 8.60% 14.00%
9:30 GBP Mortgage Approvals Sep 50.5K 52.4K
9:30 GBP M4 Money Supply M/M Sep 0.30% -0.20%
9:30 GBP M4 Money Supply Y/Y Sep -0.60%
10:00 EUR Eurozone CPI Estimate Y/Y Oct P 2.90% 3.00%
10:00 EUR Eurozone Unemployment Rate Sep 10.00% 10.00%
12:30 CAD GDP M/M Aug 0.20% 0.30%
12:30 CAD Industrial Product Price M/M Sep 0.10% 0.50%
12:30 CAD Raw Materials Price Index M/M Sep -2.40% -3.20%
13:45 USD Chicago PMI Oct 59 60.4
Orders and Options Watch

European Session: Orders and Options Watch

JPY: The pair definitely took the center stage today, after hitting record high of 75.31 this morning in thin trading, MOF/BOJ stepped up and intervened to sell yen at 01:25GMT, although the greenback retreated once after running into offers from exporters ahead of 79.00 level, Japanese officials showed their they are determined to fight against ongoing speculative action against the yen and sold yen again below 78.00 level, pushed the pair to as high as 79.55. MOF Azumi confirmed the solo intervention but did not comment on the size (traders cited the size should be massive). Traders are closely watching whether MOF is able to break through previous post-intervention high of 80.25 and offers from exporters are still noted from 79.60 up to 80.00 with stops expected above 80.30 and 80.50-60. On the downside, bids from BOJ are tipped at 79.20 and more buying interest should emerge around 78.60-70, 78.00 and also 77.60-70 with some stops seen below 77.50.

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Forex Trade Ideas

Trade Idea: GBP/USD – Sell at 1.6060

Despite Friday’s marginal rise to 1.6153, the subsequent selloff on dollar’s broad-based rebound suggests a temporary top has been formed there and consolidation with mild downside bias is seen for weakness to 1.5954/55 (38.2% Fibonacci retracement of 1.5631-1.6153 and previous minor support), however, break there is needed to add credence to this view and bring a stronger retracement of recent rise to 1.5915-20

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Trade Idea: USD/JPY – Buy at 77.80

Although the greenback slipped to a fresh record low of 75.31 (what a pity, we recommended to buy at 75.30), BOJ finally stepped up and sold yen on behalf of MOF, lifted the pair sharply higher to as high as 79.55 before easing. Current retreat suggests consolidation below said resistance would take place and pullback to 78.50 cannot be ruled out, however, the convergence of Tenkan-Sen and Kijun-Sen (now both at 77.55) should limit downside and bring another rally later.

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Candlesticks Intraday Trade Ideas Update Schedule (GMT):
1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530
Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF

Elliott Wave Daily Trade Ideas Update Schedule (GMT):
AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500

Suggested Readings

Fundamental Highlights

Technical Highlights


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