Thursday, Nov 20, 17:00 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Tell me the Fibonacci ratios don't work - Harmonic Patterns by Sunil Mangwani
- 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: CHF against EUR and USD after SNB rate cut by Valeria Bednarik
Swiss Franc is falling after the Libor rate was cut by 1 basic point, and is pretty much close to 1.2205, the roof of the smaller channel we have been seeing these days: looking at weekly charts, we also have many important maximums and minimums @ 1.2210.
Forex Trading Today: The Other Woman I Love... Gold by Tim Salem
FX Market Readings: Quick drp in GBP and AUD by Dr. S. Sivaraman
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Fri, Nov 21, 08:30 GMT
Type of Session: Webinar
Introduction to Trading Risk Control
Expert: Carlos Rocha
Start: Fri, Nov 21, 13:00 GMT
Type of Session: Webinar
Topics
− Diversify Positions
− Proper Trading Position
| Sponsored by | ||||
| 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 | |
| Fri, Nov 21, 11:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Nov 21, 12:00 GMT | Moving Averages | Valeria Bednarik | WBN | |
| Fri, Nov 21, 13:00 GMT | Introduction to Trading Risk Control | Carlos Rocha | WBN | |
Current Session: U.S.
USD/CAD
Currency Majors Technical Analysis − USD CAD broke 1,2420 resistance by Mataf.net
1,2670. USD CAD broke 1,2420 resistance. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,3000 resistance (330 pips).
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USD/CHF
Mid−Day Forex Technical Report − Swiss Franc Sold Off after Surprised SNB 100bps Cut by ActionForex.com
USD/CHF's rise extends further to as high as 1.2226 today and at this point, intraday bias remains on the upside as long as 1.2097 minor support holds. Further rise is still expected to next target of 100% projection of 1.0693 to 1.1746 from 1.1208 at 1.2261.
JPY
Market Session Recaps − London Session by FOREX.com
USD/JPY was about 50 points higher in London trading and was near 95.80 while EUR/JPY popped about 100 pips towards the 120.15/20 zone.
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
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Nov 21 | 04:00 | BoJ Interest Rate Decision | - | - |
Forex Technical Report - Pressure Mounting for Action by the Bank of Japan by ForexHound.com
Japanese Yen traders fear an intervention by the Bank of Japan if the Yen continues to appreciate. The problem is no one knows at which level the Bank of Japan will act. Traders cite the recent forecasts by Japanese automakers of profit declines in 2009 as the main reason for the need for an intervention at this time.
[ Full Story ]Forex Technical Report - Bank of Japan Could Be a Factor if Yen Continues to Appreciate by ForexHound.com
Top Market Movers Review
US PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 20 | 15:00 | Philadelphia Fed Manufacturing Survey | -39.3 | -35.0 | -37.5 |
DATA SNAP: Phila Fed Nov Mfg Index Weakest Since Oct 1990 (Dow Jones)
Mid−Atlantic manufacturers booked their worst performance in nearly two decade in November. The Federal Reserve Bank of Philadelphia reported Thursday that its index of general business activity moved to −39.3, from −37.5 in October and 3.8 in September.
[ Full Story ]- UPDATE: Philadelphia Fed Business Index Worst Since Oct 1990 (Dow Jones)
- Philly Fed Nov factory activity hits new 18−yr low (Thomson Financial News)
- TABLE−Phila. Fed business conditions index −39.3 in Nov (Thomson Financial News)
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 20 | 13:30 | Continuing Jobless Claims | 4012K | - | 3897K |
| Nov 20 | 13:30 | Initial Jobless Claims | 542K | 508K | 515K |
US economic indicators - Initial jobless claims jumped by 32k to 516k in the week ending November by BHF−Bank
Initial jobless claims jumped by 32k to 516k in the week ending November, the highest level since September 2001 in the aftermath of the terrorist attacks. We expect jobless claims to remain above 500k in the near future, and they might only have fallen slightly to 510k in the week ending 15 November.
[ Full Story ]- WRAPUP 1−US jobs data miserable, regional factories slump (Thomson Financial News)
- UPDATE 1−US weekly jobless claims surge to 16−year high (Thomson Financial News)
- UPDATE: Dollar Drops Vs Yen On US Weekly Jobless Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 20 | 15:00 | US | Leading Indicators (MoM) (Oct) | -0.8% | -0.6% | 0.3% |
| 15:00 | US | Philadelphia Fed Manufacturing Survey (Nov) | -39.3 | -35.0 | -37.5 | |
| 19:00 | US | Treasury Secretary Paulson speech | ||||
| 21:45 | NZ | Visitor Arrivals (Oct) | -6% | |||
| Nov 21 | 02:00 | NZ | Credit Card Spending (Oct) | 2.7% | ||
| 04:00 | JP | BoJ Interest Rate Decision | ||||
| 04:00 | JP | BoJ Press Conference | ||||