Friday, Nov 14, 16:20 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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Rates and charts new section
Chart Station by Netdania/FXCM micro in the place!
Compare up to 22 different pairs at the same time, detach them, move them around, see them full screen size... and much more!
7 chart types, 13 different time frames, flexible line tools and 23 technical indicators that can be laid over the price action.
Forex Blogs
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
One of the things that get's me into forex market is that you can never get bored here. Always some different pair or time frame to look. Instead of the classic 4 hours charts, today I will try to follow, at least for the next hours, this 30 minutes chart you can see after the explanation.
1st on Forex: Dollar Acting Schizoid Ahead of G20 by Jerry Furst
Forex Trading Today: Ahoy There, Your Majesty! by Tim Salem
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Nov 17, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Nov 17, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 17, 11:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Nov 17, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Nov 17, 13:30 GMT | Trading Economic Numbers, Advanced Applications | Adam Rosen | WBN | |
| Mon, Nov 17, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Nov 17, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: U.S.
EUR/USD
Daily Technical Strategist − EURUSD: Turns Off Ahead Of The 1.2330 Level, Back Into Its Sideways Range by FXTechstrategy
EURUSD: Having turned sharply higher ahead of the 1.2330 level, its YTD low, EUR is now back into its 1.3298 and 1.2330 sideways trading range after resolving to the downside from its 4 Hourly triangle on Tuesday. Break either way is needed to create meaningful directional moves. However, we still see the pair heading lower out of the said range based on its bearish medium term trend. Resistance on a follow−through higher will expose the 1.3058/05 level
.
GBP/USD
Mid−Day Forex Technical Report − Dollar and Yen Regains Ground after Retail Sales Fell by Record Amount by ActionForex.com
GBP/USD recovers mildly after dipping to 1.4557 but upside is still limited below 1.5080 minor resistance. Intraday bias remains on the downside and further decline is still expected to mentioned target of 161.8% projection of 2.0158 to 1.7445 from 1.8668 at 1.4278.
JPY CROSSES
Market Session Recaps − London Session by FOREX.com
The Japanese yen rose, heading for weekly gains against the dollar and the euro. Japan's currency climbed this week against the Australian and New Zealand dollars on speculation a Group of 20 nations summit starting today will fail to reach a consensus.
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
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Nov 17 | 14:15 | Industrial Production (MoM) | - | -2.8% |
| Nov 17 | 14:15 | Capacity Utilization | - | 76.4% |
Friday Notes - Modest lift after huge output declines by HVB Group
Strong cross−currents were at work in October: One, hurricane−related disruption largely faded, although operations in several industries did not return to normal. Two, the strike of machinists at Boeing dragged on for a second month. It wasn't settled until early November.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 14 | 15:00 | Reuters/Michigan Consumer Sentiment Index | 57.9 | 56.0 | 57.6 |
UPDATE:Reuters/Univ Michigan Mid−Nov Sentiment 57.9; Oct 57.6 (Dow Jones)
Consumer sentiment remained downbeat as of the middle of November, though the index did tick up a touch. The preliminary November Reuters/University of Michigan Consumer Sentiment index came in at a reading of 57.9, from 57.6 the month before.
[ Full Story ]- Read the Consumer Sentiment data at Reuters
- UPDATE 1−'Stunning' price drop lifts U.S. consumers' mood (Thomson Financial News)
- UPDATE:Reuters/Univ Michigan Mid−Nov Sentiment 57.9; Oct 57.6 (Dow Jones)
- Reuters/Univ Michigan Mid−Nov Sentiment 57.9; Oct 57.6 (Dow Jones)
US economic indicators - UMI consumer sentiment (Nov): slight stabilization possible after Obama victory by BHF−Bank
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 14 | 13:30 | Retail Sales (MoM) | -2.8% | -1.4% | -1.3% |
| Nov 14 | 13:30 | Retail Sales ex Autos (MoM) | -2.2% | -1.0% | -0.6% |
DATA SNAP: US Oct Retail Sales Below Expectations (Dow Jones)
U.S. retail sales took a record dive in October as consumers afraid for their jobs continued a retreat heading into the holiday shopping season and cut back spending on a wide variety of goods ranging from cars to furniture to electronics. Retail sales tumbled 2.8% last month, the Commerce Department said Friday.
[ Full Story ]- Read the Retail Sales data at Census Bureau
- INSTANT VIEW 7−US Oct retail sales suffer record decline (Thomson Financial News)
- WRAPUP 1−US retail sales fall by record 2.8 pct in October (Thomson Financial News)
- INSTANT VIEW 6−US Oct retail sales suffer record decline (Thomson Financial News)
USA: Massive pull back in consumption by Danske Bank A/S
Mid−Day Forex Technical Report − Dollar and Yen Regains Ground after Retail Sales Fell by Record Amount by ActionForex.com
Daily Forex Technical Report − Markets Indecisive after Dramatic Reversal by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 14 | 15:00 | US | Business Inventories (Oct) | -0.2% | 0.2% | 0.3% |
| 15:00 | US | Reuters/Michigan Consumer Sentiment Index (Nov)  | 57.9 | 56.0 | 57.6 | |
| Nov 15 | 00:00 | G20 Meeting | ||||
| Nov 16 | 00:00 | G20 Meeting | ||||
| 21:30 | NZ | Food Price Index (MoM) (Oct) | 0.6% | |||
| 23:50 | JP | Gross Domestic Product (QoQ) (3Q) | -0.7% | |||
| 23:50 | JP | Gross Domestic Product Annualized (3Q) | -3% | |||