Tuesday, Nov 11, 17:26 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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Education Recommended Readings
Speeches from FXstreet.com Conference's guest experts
Did you miss the FXstreet.om International Traders Conference held in Barcelona last month? Download now the Powerpoint presentations of the speeches given by Rob Booker, Dirk Du Toit, Sunil Mangwani, Phil Newton and Jamie Saettele.
Developing the Trader's Mind: Strategies for Long Term Success by Rob Booker
Stop those stop losses: A common sense approach to risk management by Dirk Du Toit
Trading the Hidden Divergence by Sunil Mangwani
Break Out Trading by Phil Newton
Gaining an Edge with Sentiment Indicators by Jamie Saettele
Forex Blogs
The Advisor Blog: A simple advice for novice traders by Valeria Bednarik
If you need are a newbie to this forex world, or even if you are not successful as you wish to, maybe reading this simple advices could help. Hope you enjoy it!
The Disciplined Trader: Most currency pairs poised to break-out by Pierre Charlebois
FxBootcamp: FOREX Training Video - London Session November 11, 2008 by Wayne McDonell
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Nov 12, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Nov 12, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 11, 17:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN |  |
| Tue, Nov 11, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Nov 12, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Nov 12, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Nov 12, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
Bank Recomendations − EUR/USD: The Euro has started to break down from its contracting range by Finotec Group Inc.
The Euro has started to break down from its contracting range − limits $1.2725−1.2935, with $1.2725 being eroded a retest of $1.2580 looks likely − this remains the break down point to the $1.2330 low then $1.2135, a long term Fibonacci retracement. The market will stay directly offered while capped by $1.2935. Only above here negates and will retarget $1.3117/35 then $1.3300, the 38.2 percent retracement of the move down from September (not favoured)."
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
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Nov 12 | 10:00 | Industrial Production w.d.a. (YoY) | -1.4% | -0.7% |
| Nov 12 | 10:00 | Industrial Production s.a. (MoM) | -1.2% | 1.1% |
EMU economic indicators - EMU industrial production (September): down by BHF−Bank
Italian and EMU industrial production are likely to have suffered a setback in September, because most of the correlated climate indicators deteriorated.
[ Full Story ]Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 11 | 10:00 | ZEW Survey − Economic Sentiment | -53 | -62 | -63 |
DATA SNAP: German ZEW Econ Expectations Pick Up In November (Dow Jones)
Sentiment among German financial analysts and institutional investors picked up in November, albeit from near−record lows, on the government's financial rescue package and global interest rate cuts, the Center for European Economic Research, or ZEW, said Tuesday.
[ Full Story ]- Read the Economic Sentiment data at ZEW
- UPDATE 2−German investor morale picks up but still downbeat (Thomson Financial News)
- UPDATE 1−German investor morale picks up but remains weak (Thomson Financial News)
- INSTANT VIEW 5−German ZEW investor sentiment index improves (Thomson Financial News)
Daily Forex Technical Report − Triangle Breakout in EUR/USD Due? by ActionForex.com
Trading News Report - German ZEW Survey on Tap − How Will The Euro React? by FXCM
Market Session Recaps - New York Session by FOREX.com
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 11 | 09:30 | Goods Trade Balance | -£7.5B | -£8.0B | -£8.2B |
| Nov 11 | 09:30 | Total Trade Balance | -3.9B | -4.6B | -4.4B |
DATA SNAP: UK Sep Trade Deficit Shrinks More Than Expected (Dow Jones)
The U.K.'s global goods deficit narrowed more than expected in September as the growth of exports outpaced that of imports, data from the Office for National Statistics showed Tuesday.
[ Full Story ]- Read the Trade Balance data at UK Statistics
- 2nd UPDATE:UK Trade Deficit Narrows More Than Expected In Sep (Dow Jones)
- UPDATE 1−UK Sept trade deficit narrows more than expected (Thomson Financial News)
- INSTANT VIEW 4−UK Sept trade gap narrows (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 11 | 10:00 | DE | ZEW Survey − Economic Sentiment (Nov) | -53 | -62 | -63 |
| 11:00 | SK | NBS Interest Rate Decision | 3.25% | 3.75% | ||
| 20:00 | NZ | RBNZ Financial Stability Report | ||||
| 23:30 | AU | Westpac Consumer Confidence (Dec) | -11% | |||
| Nov 12 | 00:30 | AU | Wage Price Index (QoQ) (3Q) | 1.0% | 1.2% | |
| 00:30 | AU | Wage Price Index (YoY) (3Q) | 4.2% | |||
| 05:00 | JP | Consumer Confidence (Oct) | 31.8 | |||