Monday, Nov 10, 17:42 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- All the events of the day in our Economic Calendar
- Webinar Videos: Institutional Trading Strategies: Money Management 101 by Andrei Pehar
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Forex Blogs
The Advisor Blog: Gbp/Usd short and longer term by Valeria Bednarik
Looking at 4 hours charts, the pair is inside an almost perfect descending triangle. Although some theories said this is a continuation figure, others disagree: the figure is at the end of a clear descendant previous trend, and theoretically we could expect a break trough the base to send the pair to the zone @ 1.4400 (the high of the figure is of @ 1100 pips).
FX Market Readings: European session rise is seen by Dr. S. Sivaraman
Forex Trading Today: St. Benedict was Right by Tim Salem
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Nov 11, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Nov 11, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 10, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Nov 11, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Nov 11, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Nov 11, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Nov 11, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
USD/CHF
Mid−Day Forex Technical Report − Risk Aversion Recedes as Stocks Surge by ActionForex.com
USD/CHF continues to stay in tight range below 1.1800 today without making any progress. While some more sideway trading might still be seen, further rally is still expected as long as 1.1546 support holds. Next target is 1.1878 cluster resistance. On the downside, however, below 1.1546 will indicate that a short term top is in place and put focus back to trend line support at 1.1173.
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 ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Nov 11 | 10:00 | ZEW Survey − Economic Sentiment | -62 | -63 |
EMU economic indicators - German ZEW economic sentiment (November): down by BHF−Bank
In November, the German ZEW economic sentiment will probably have continued its downturn, but at a slower pace. All correlated indicators were obviously driven by the current financial turmoil and its potential long−term effects on economic growth. Both the ifo business expectations and the US ISM manufacturing index have deteriorated.
[ Full Story ]Top Market Movers Review
Canada HOUSING STARTS S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 10 | 13:15 | Housing Starts s.a (YoY) | 211.8K | 200.0K | 218.6K |
Canadian Housing Starts ease in October, housing market remains healthy (FXstreet.com)
Canadian housing market has not been seriously affected by the global economic slowdown so far, according to the annual rate of housing starts posted in October which showed a mild decline from the previous month, as the latest report by the Canadian Mortgage and Housing Corporation shows.
[ Full Story ]- Read the Housing Starts data at CMHC
- UPDATE 1−Canada housing starts fall 3.1 pct in October (Thomson Financial News)
- Canada housing starts fell in October (Thomson Financial News)
- Canada Housing Starts s.a decline 3.1% to 211.8K in Oct (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 10 | 13:30 | CA | New Housing Price Index (YoY) (Sep) | 2.1% | -0.1% | 2.3% |
| 14:30 | EMU | ECB Trichet's Speech | ||||
| 21:45 | NZ | Producer Price Index − Input (QoQ) (3Q) | 5.6% | |||
| 21:45 | NZ | Producer Price Index − Output (QoQ) (Oct) | 3.5% | |||
| 23:50 | JP | Adjusted Current Account (Sep) | ¥1024.1B | ¥903.2B | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Oct) | 2.2% | 2.2% | ||
| 23:50 | JP | Trade Balance − BOP Basis (Sep) | ¥236.3B | -¥236.0B | ||