Thursday, Nov 13, 17:19 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- Important Things to know about your Currencies by The Forex Journal
- All the events of the day in our Economic Calendar
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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 Ranges by Derek Frey
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 Weblog: Eur/Gbp Special Coverage by Valeria Bednarik
Why I choose to talk about this pair today? Because Gbp is probably the weaker currency these days, and is falling against all other majors, including the Euro, although both pair usually move the same way...
FX Market Readings: Is Market trying to find bottom? by Dr. Sivaraman
Live Sessions Schedule
Live Look at Today's Markets − Free Access Day
Expert: Derek Frey
Start: Thu, Nov 13, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Fri, Nov 14, 08:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 13, 16:00 GMT | How to Get Started Trading Forex − Free Access Day | Mark Whistler | WBN |  |
| Thu, Nov 13, 18:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
| Fri, Nov 14, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Nov 14, 11:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Nov 14, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
USD/CHF
Currency Majors Technical Analysis − USD CHF is in an uptrend supported by 1H exponential moving averages by Mataf.net
1,1879. USD CHF is in an uptrend supported by 1H exponential moving averages. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue on 1,2000 resistance (121 pips). We won't take a position. The risk/reward ratio is too high to take a position.
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USD/CAD
Mid−Day Forex Technical Report − Dollar Firm Despite Poor Job Data by ActionForex.com
USD/CAD's rise from 1.1464 extends further to as high as 1.2418 before turning sideway. At this point, intraday bias remains on the upside as long as 1.2150 minor support holds.
JPY CROSSES
Market Session Recaps − London Session by FOREX.com
Risk aversion was not evident in the JPY crosses either as these rallied. USD/JPY was up more than 50 pips near 96.00/10 while EUR/JPY saw a more sizeable 225 point increase towards the 120.90/95 area.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Nov 14 | 07:00 | Consumer Price Index (MoM) | -0.2% | -0.1% |
| Nov 14 | 07:00 | Consumer Price Index (YoY) | 2.4% | 2.9% |
EMU economic indicators - German consumer price inflation in October will probably be confirmed as well at –0.2% by BHF−Bank
Final HICP inflation in the eurozone is likely to be confirmed at 3.2% in October. The monthly inflation rate is expected to be 0.1%. German consumer price inflation in October will probably be confirmed as well at –0.2% mom and 2.4% yoy. Price pressures have eased significantly due to markedly lower prices for gasoline and heating oil.
[ Full Story ]Top Market Movers Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 13 | 13:30 | Trade Balance | -$56.47B | - | -$59.08B |
DATA SNAP: US Sep Trade Gap Shrinks More Than Expected (Dow Jones)
The U.S. trade deficit narrowed sharply in September as the wilting economy sent purchases of foreign oil, cars, and other goods made overseas tumbling.
[ Full Story ]- Read the GDP data at Commerce Department
- UPDATE 1−US trade gap narrows as imports, exports shrink (Thomson Financial News)
- US trade gap narrows as imports, exports shrink (Thomson Financial News)
- US Trade deficit narrowed in September (FXstreet.com)
Mid−Day Forex Technical Report − Dollar Firm Despite Poor Job Data by ActionForex.com
US economic indicators - Trade balance (September): narrower deficit despite fall in exports by BHF−Bank
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 13 | 13:30 | Continuing Jobless Claims | 3897K | - | 3843K |
| Nov 13 | 13:30 | Initial Jobless Claims | 516K | - | 481K |
UPDATE 1−US jobless claims reach 516,000, highest in 7 years (Thomson Financial News)
The number of U.S. workers filing new claims for jobless benefits rose last week to 516,000, the highest level since the weeks following the Sept. 11, 2001 attacks, the Labor Department reported on Thursday.
[ Full Story ]- Read the Jobless Claims data at Labor Department
- WRAPUP 1−US jobless claims hit 25−year high, imports plunge (Thomson Financial News)
- INSTANT VIEW 5−US jobless claims higher than expected (Thomson Financial News)
- INSTANT VIEW 4−US jobless claims higher than expected (Thomson Financial News)
Jobless Claims Highlight Seismic Challenges Facing US Economy by GFT (Global Forex Trading)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 13 | 13:30 | CA | International Merchandise Trade (Sep) | $4.49B | $5.63B |
|
| 16:00 | US | EIA Crude Oil Stocks change (Nov 7) | 0 | 0 | ||
| 18:30 | EMU | ECB Trichet's Speech | ||||
| 19:00 | US | Monthly Budget Statement (Oct) | 99.0B | 45.7B | ||
| Nov 14 | 07:00 | DE | Consumer Price Index (MoM) (Oct) | -0.2% | -0.1% | |
| 07:00 | DE | Consumer Price Index (YoY) (Oct) | 2.4% | 2.9% | ||
| 08:00 | EMU | ECB Trichet's Speech | ||||