Wednesday, Nov 19, 17:01 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
Forex Today: CPI comes in Bleak…but Reactions take place for other Reasons by Tim Salem
We simply have too high of correlations to the US. Equity markets, the Dow, S&P500, etc. and our Currency work has been reflecting the overall Risk Aversion that has been blanketing the World.
The Trader's Edge: EUR/USD and the Economic Calendar by Ross Yamashita
The Advisor Blog: Euro and Gbp update
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Nov 19, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
MONTHLY WEBINAR: Forex in Five: Full time strategies for part time traders − Part 1
Expert: Raghee Horner
Start: Thu, Nov 20, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 19, 17:00 GMT | Selling FX Options | John Jagerson | WBN |  |
| Wed, Nov 19, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Nov 20, 14:00 GMT | MONTHLY WEBINAR: Forex in Five: Full time strategies for part time traders − Part 1 | Raghee Horner | WBN | |
| Thu, Nov 20, 16:00 GMT | MONTHLY WEBINAR: Forex in Five: Full time strategies for part time traders − Part 2  | Raghee Horner | WBN | |
| Fri, Nov 21, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Dollar Weakens as Consolidation Continues, FOMC Minutes Next by ActionForex.com
EUR/USD's strong rally in early US session suggests that rebound from 1.2389 is resuming. At this point, intraday bias is mildly on the upside as long as 1.2585 minor support holds. Further rise is in favor to 1.3290 high and 100% projection of 1.2329 to 1.3290 from 1.2389 at 1.3350 to complete the consolidation from 1.2329.
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USD/CHF
Currency Majors Technical Analysis − USD CHF is in an uptrend supported by 1H exponential moving averages by Mataf.net
1,2054. 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.
Trading the news
Daily Currency Market Focus − Currencies Setting Up for a Major Breakout − FOMC Minutes Could be Trigger by GFT (Global Forex Trading)
All of the major currency pairs have been consolidating since the middle of last week and the FOMC minutes could be the trigger for a major breakout.
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 FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Nov 19 | 19:00 | FOMC Minutes | - | - |
Daily Forex Technical Report − A Busy Day Featuring BoE and FOMC Minutes by ActionForex.com
FOMC minutes, on the other hand, is expected to elaborate on the perceived dovish bias of Fed and provide details of the discussions between board members, including those in the intermeeting cut before Oct 29. Markets are pricing in 90% chance of another 50bps cut from Fed on Dec 16 and the minutes will likely have little impact to this view based on current economic and inflation outlook.
[ Full Story ]- Read the FOMC Minutes at Board of Governors of the Federal Reserve
- U.S. futures sink; eyes on banks, autos, CPI, FOMC (Thomson Financial News)
Daily Currency Market Focus - Currencies Setting Up for a Major Breakout − FOMC Minutes Could be Trigger by GFT (Global Forex Trading)
Top Market Movers Review
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 19 | 13:30 | Consumer Price Index (MoM) | -1.0% | -0.8% | 0.0% |
| Nov 19 | 13:30 | Consumer Price Index Ex Food & Energy (MoM) | -0.1% | 0.2% | 0.1% |
| Nov 19 | 13:30 | Consumer Price Index (YoY) | 3.7% | 4.1% | 4.9% |
| Nov 19 | 13:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.2% | 2.4% | 2.5% |
DATA SNAP: US Consumer Prices Fall By Most In 61 Years (Dow Jones)
U.S. consumer prices took the biggest plunge in 61 years during October, pulled down by a sinking economy that evidence suggests is sending inflation into retreat. The consumer price index dropped 1.0% on a seasonally adjusted basis compared to the previous month, the Labor Department said Wednesday.
[ Full Story ]- Read the CPI data at Labor Department
- TOPWRAP 5−US prices drop at record pace, China wary of unrest (Thomson Financial News)
- WRAPUP 1−US October consumer prices, home starts plummet (Thomson Financial News)
- INSTANT VIEW 6−US CPI plunges record 1 pct in October (Thomson Financial News)
USA: Core inflation declines by Danske Bank A/S
Consumer Price Index: October 2008 by Merk Hard Currency Fund
Mid−Day Forex Technical Report − Dollar Weakens as Consolidation Continues, FOMC Minutes Next by ActionForex.com
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 19 | 13:30 | Housing Starts (YoY) | 0.791M | 0.780M | 828.000M |
| Nov 19 | 13:30 | Building Permits (MoM) | 0.708M | 0.775M | 0.805M |
US Housing starts fall again to record low in October (FXstreet.com)
Starts of new houses have dropped again in October, for the fourth consecutive month to their lowest level ever, while building permits have dropped much lower than expected, according to data by the Commerce Department.
[ Full Story ]- Read the Housing data at Census Bureau
- UPDATE 1−US October housing starts, permits at record low (Thomson Financial News)
- CORRECT: Oct 1−Family Housing Starts −3.3%, Not Home Sales (Dow Jones)
- CORRECT: US Single−Family Home Sales −3.3% In Oct, Not Sep (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 19 | 14:10 | Fed's Kohn speech | ||||
| 15:35 | US | EIA Crude Oil Stocks change (Nov 15) | 1.6M | 0.0 | ||
| 18:30 | US | Fed's Lacker speech | ||||
| 19:00 | US | FOMC Minutes | ||||
| 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Nov) | 42.2 | |||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Oct) | ¥33B | |||
| 23:50 | JP | Merchandise Trade Balance Total (Oct) | ¥95.1 | |||