Wednesday, Nov 12, 17:07 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
- Important Things to know about your Currencies by The Forex Journal
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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
Trading Ranges by Derek Frey
Forex Blogs
The Advisor Blog: Eur/Usd in small charts by Valeria Bednarik
The pair remains bearish and under strong pressure. In 30 minutes charts we can see an inverted triangle that the pair has just attempt to break, right now @ 1.2495. Also the pair has reached again the daily minimum.
Forex Trading Today: Is Her Majesty in Her Twighlight Years? by Tim Salem
FxBootcamp: Forex Video - New York Session Review - November 11, 2008 by Wayne McDonell
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Nov 12, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room − Free Access Day
Expert: Mark De La Paz
Start: Thu, Nov 13, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 12, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Nov 13, 12:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN | |
| Thu, Nov 13, 13:00 GMT | US Pre−Market Open − Free Access Day | Ed Ponsi | WBN |  |
| Thu, Nov 13, 14:30 GMT | US Session Open − Free Access Day | Ed Ponsi | WBN | |
| Thu, Nov 13, 15:00 GMT | The New Forex Trend − Free Access Day | Adam Rosen | WBN | |
Current Session: U.S.
EUR/USD
Forex Technical Report − Lower Demand from China Signals Wider, Deeper Global Recession by ForexHound.com
Technically, the EUR USD is in a downtrend and making lower−tops and lower−bottoms. The only thing that can change the pattern and the trend to up will be a breakout above one or both swing tops at 1.3116 and 1.3296. On the downside, the downtrend will resume on moves through 1.2525 and 1.2339. The pair of ranges that have been established have created pivot prices at 1.2813 and 1.2821.
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GBP/USD
Market Session Recaps − London Session by FOREX.com
One of the major movers was Cable. GBP/USD plunged more than −170 pips and was sitting near 1.5250 as the NY session kicked off. This was on the back of extremely dovish comments from Bank of England Governor King.
EUR/GBP
Daily Currency Market Focus − Global Unwind Continues − Will the UK Become the Next Japan? by GFT (Global Forex Trading)
When the Bank of England cut interest rates by 150bp last week, I turned aggressively bullish EUR/GBP on the belief that interest rates are headed below 2%. The currency pair has now hit a record high as the market realizes that not only will UK interest rates fall below 2%, but could be headed to Japanese levels.
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 GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Nov 13 | 07:00 | Gross Domestic Product s.a (QoQ) | -0.2% | -0.5% |
| Nov 13 | 07:00 | Gross Domestic Product n.s.a (YoY) | 1.6% | 3.1% |
| Nov 13 | 07:00 | Gross Domestic Product w.d.a (YoY) | 1.0% | 1.7% |
EMU economic indicators - German, French, Italian and EMU GDP growth (Q3): down by BHF−Bank
German GDP probably has decreased slightly quarter−on−quarter in Q3 2008, just like output in the producing sector and retail sales did. The previous quarters' data might be revised. On 13 November, Destatis (the German Federal Statistical Office) is publishing a "flash release" on German GDP of Q3; a detailed breakdown of the components will follow on 25 November.
[ Full Story ]Top Market Movers Review
UK BANK OF ENGLAND QUARTERLY INFLATION REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 12 | 10:30 | Bank of England Quarterly Inflation Report | - | - | - |
UPDATE 1−BoE says UK to shrink sharply, signals rate cuts (Thomson Financial News)
The British economy will shrink sharply next year and inflation could fall to just below 1 percent in two years, the Bank of England predicted on Wednesday, suggesting further interest rates to come.
[ Full Story ]- Read the Quarterly Inflation Report at Bank of England
- WRAPUP 1−BoE signals UK rate cuts, unemployment rises sharply (Thomson Financial News)
- GLOBAL MARKETS−Sterling sinks after BoE; oil tumbles (Thomson Financial News)
- UPDATE 2−BoE signals more rate cuts as economy shrinks (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 12 | 10:30 | UK | Bank of England Quarterly Inflation Report | |||
| 15:30 | US | Treasury Secretary Paulson speaks | ||||
| 18:00 | EMU | ECB Trichet's Speech | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Nov 9) | -50 | -48 | ||
| 21:45 | NZ | Retail Sales (MoM) (Sep) | 0.4% | |||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Sep) | 0.8% | |||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Oct) | -0.9% | -0.4% | ||