Monday, Nov 17, 17:14 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Trading Break Out's And Other Market Views by Phil Newton
- 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/Gpb for the next hours by Valeria Bednarik
Things are changing and while Gbp (against Usd dollar) is attempting to break higher, the Euro remains under selling pressure, and clearly seen in the Eur/Gbp.
The Disciplined Trader: New FX Weekly report published on the majors by Pierre Charlebois
FxBootcamp: Pre London Outlook November 17th 2008 by Wayne McDonell
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Nov 18, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Nov 18, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 17, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Nov 18, 11:00 GMT | Tell me the Fibonacci ratios don't work − Harmonic Patterns  | Sunil Mangwani | WBN |  |
| Tue, Nov 18, 12:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Tue, Nov 18, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Nov 18, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Markets Stay in Range after Mixed US Data by ActionForex.com
GBP/USD's recovery from 1.4557 extends further today and with 4 hours MACD staying well above signal line, an intraday low should be in place. Some more consolidation is in favor. Above 1.4557 will encourage stronger recovery towards 4 hours 55 EMA (now at 1.5327). But upside should be limited below 1.5600 support turned resistance and bring fall resumption. On the downside, below 1.4557 will target mentioned 100% projection of 1.7630 to 1.5269 from 1.6671 at 1.4310.
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EUR/USD
Technical Summary for Majors − Regain of 1.2800/57 will to turn short−term focus higher by Windsor Brokers Ltd
Dipped to 1.2331 on 28 Oct, following downleg off 1.4864, 22 Sep lower top. Bounce to 1.3300 was seen on 30 Oct, followed by tightening range as a larger bear triangle develops.
USD
Daily Currency Market Focus − Dollar Hangs Tight on GM Risk by GFT (Global Forex Trading)
Signs of stability in the US manufacturing sector has failed to turn around the market's risk appetite. Although the US dollar has weakened marginally against all of the major currencies, if US stocks continue to sell off, we could see the dollar regain strength.
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
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Nov 18 | 09:30 | Consumer Price Index (MoM) | 0.1% | 0.5% |
| Nov 18 | 09:30 | Consumer Price Index (YoY) | 4.9% | 5.2% |
UK DATA WEEKAHEAD−Inflation, BoE minutes and retail sales (Thomson Financial News)
Economists expect a fall in the CPI inflation rate for October, a reversal in inflation pressures from last month when CPI reached its highest level on record since 1997.
[ Full Story ]Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 17 | 14:15 | Industrial Production (MoM) | 1.3% | -0.2% | -3.7% |
| Nov 17 | 14:15 | Capacity Utilization | 76.4% | 76.4% | 75.5% |
DATA SNAP: US Oct Industrial Production +1.3%, Cap Use 76.4% (Dow Jones)
Production by U.S. industries climbed strongly in October following an enormous drop − the biggest in 62 years − that was caused by hurricanes and labor unrest. Industrial production increased 1.3% compared with the month before, the Federal Reserve said Monday.
[ Full Story ]- Read the Industrial Production data at the Fed
- UPDATE 1−US Oct industrial output rebounds, but trend weak (Thomson Financial News)
- WRAPUP 1−US industry rebounds in Oct but factory outlook grim (Thomson Financial News)
- US Industrial Production increased unexpectedly in October (FXstreet.com)
Weekly Economic and Financial Commentary - It's Official: Euro−zone Recession by Wachovia
Friday Notes - Modest lift after huge output declines by HVB Group
EMU TRADE BALANCE N.S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 17 | 10:00 | Trade Balance n.s.a. | -€5.6B | -€6.0B | -€9.4B |
| Nov 17 | 10:00 | Trade Balance s.a. | -€5.7B | -€5.7B | -€5.7B |
DATA SNAP: Euro−Zone Trade Deficit Eased In September (Dow Jones)
The euro zone's deficit on its trade in goods with the rest of the world eased in September as exports rose slightly faster than imports. The European Union's statistics agency Monday said the euro zone's deficit in its trade in goods narrowed to EUR5.6 billion from EUR9.4 billion in August.
[ Full Story ]- Read the Trade Balance data at Eurostat
- UPDATE 1−Euro zone Sept trade in deficit, exports outlook poor (Thomson Financial News)
- UPDATE: Euro−Zone Trade Deficit Eased In September (Dow Jones)
- INSTANT VIEW 2−Euro zone Sept trade deficit 5.6 bln euros (Thomson Financial News)
EMU economic indicators - Likely to improve by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 17 | 14:15 | US | Capacity Utilization (Oct) | 76.4% | 76.4% | 75.5% |
| 14:15 | US | Industrial Production (MoM) (Oct) | 1.3% | -0.2% | -3.7% |
|
| 23:30 | US | Treasury Secretary Paulson speaks | ||||
| Nov 18 | 00:30 | AU | RBA Meeting's Minutes (Nov) | |||
| 05:00 | JP | Coincident Index (Sep) | 100.6% | |||
| 05:00 | JP | Leading Economic Index (Sep) | 89 | |||
| 08:15 | CH | Adjusted Real Retail Sales (YoY) (Sep) | 0% | 0% | ||