Friday, Nov 21, 17:09 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Tell me the Fibonacci ratios don't work - Harmonic Patterns by Sunil Mangwani
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Essentials Course
21 lessons to get started in the Forex Market by LearningMarkets.com
From the Basics to the Portfolio Management, going through key topics for your learning such as Margin and Leverage, Support and Resistance, Fibonacci Analysis or Reversal Patterns. Specially built for beginners and for those who want to refresh their knowledge.
Definitely an extensive review of the Forex that you can't miss.
More educational resources in the education section
Forex Blogs
The Advisor Blog: What will happen in the American session? by Valeria Bednarik
In a few minutes, Dow Jones will open, and the index is weighting to much to be ignored: being at this lows, is expecting to open to the upside, mostly to due to the financial giant Citigroup, that is considering putting itself on the block.
Forex Trading Today: Why I still Love my Nemesis…Gold by Tim Salem
FxBootcamp: FOREX Training Video - London Session November 21, 2008 by Wayne McDonell
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Nov 24, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Nov 24, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 24, 11:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Nov 24, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Nov 24, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Nov 25, 11:00 GMT | Trade What Is Real, Not What You Feel: Quantifying Supply (resistance) and Demand (support) In The Forex Markets | Sam Seiden | WBN |  |
| Tue, Nov 25, 12:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
Current Session: U.S.
USD/CAD
Mid−Day Forex Technical Report − Dollar and Yen Continue to Retreat as Improved Sentiments by ActionForex.com
The recovery of the EUR / USD from a low of 1.2424 in Asian trading was enforced this European morning and the pair is currently trading at 1.2620, near a broader resistance zone. We expect trading to move into this zone, eventually meeting the upper limit at 1.2690 for today.
.
GBP/USD
Currency Majors Technical Analysis − GBP USD broke 1,4890 resistance by Mataf.net
GBP USD broke 1,4890 resistance. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated.
WEEKLY OUTLOOK
Weekly Market Commentary − Currencies also sidelined although some Yen crosses dipped below October's low by Mizuho Corporate Bank
More investors and different markets are reacting to the ‘credit crunch' and are beginning to really understand the ramifications of unwinding the ‘carry trade'.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Nov 24 | 09:00 | IFO − Business Climate | - | 90.2 |
| Nov 24 | 09:00 | IFO − Expectations | - | 81.4 |
Friday Notes - German IFO: Nosediving by HVB Group
Over the last few months, the overall Ifo index fell like a stone. Business expectations even hit their lowest level since August 1982 after the second oil price shock. Given the further weakening of the global economy and substantial problems in the German auto industry, we expect this pattern to continue.
[ Full Story ]Top Market Movers Review
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 21 | 12:00 | Consumer Price Index (MoM) | -1.0% | -0.2% | 0.1% |
| Nov 21 | 12:00 | Consumer Price Index (YoY) | 2.6% | 3.4% | 3.4% |
| Nov 21 | 12:00 | Bank of Canada Consumer Price Index Core (YoY) | 1.7% | 1.9% | 1.7% |
| Nov 21 | 12:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.0% | 0.0% | 0.4% |
Canada consumer prices tumble in October on fuel (Thomson Financial News)
Canadian consumer prices dropped dramatically in October from September, falling 1 percent for the biggest monthly decline in almost 50 years as gasoline prices plummeted from high levels, Statistics Canada said on Friday.
[ Full Story ]- Read the CPI data at Statistics Canada
- UPDATE 1−Canada inflation eases sharply in October (Thomson Financial News)
- Canadian CPI slowed down sharply in October (FXstreet.com)
- Canada Consumer Price Index declines increased 2.6% on the year in Oct; Core CPI 1.7% up (FXstreet.com)
Mid−Day Forex Technical Report − Dollar and Yen Continue to Retreat as Improved Sentiments by ActionForex.com
Daily Forex Technical Report − Dollar and Yen Pare Overnight Gains as Stocks Rebound by ActionForex.com
Trading News Report - USD/CAD: Trading the Canadian Consumer Price Index by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 21 | 12:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Oct) | 0.0% | 0.0% | 0.4% |
| 13:00 | EMU | ECB Trichet's Speech | ||||
| 17:15 | US | Philadelphia Fed's Plosser speech | ||||
| Nov 24 | 09:00 | EMU | Current Account n.s.a (Sep) | -7.9B | ||
| 09:00 | EMU | Current Account s.a (Sep) | -8.4B | |||
| 09:00 | DE | IFO − Business Climate (Nov) | 90.2 | |||
| 09:00 | DE | IFO − Expectations (Nov) | 81.4 | |||