Monday, Nov 09, 18:05 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
FX Path: AUD/USD − Reaching for New Long−Term Highs by James Chen
Substantial dollar−weakening to begin the week has just approached the 14−month high for AUD/USD, a daily chart of which is shown.
Francesc's Weblog: FXstreet.net - The Russian Site for FXstreet.com by Francesc Riverola
FX Market Readings: Extended rise Vs extended stop hunt by Dr. S. Sivaraman
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Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Tue, Nov 10, 05:00 GMT
Type of Session: Webinar
London Session Scenarios on GBPUSD & GBPJPY
Expert: Mihai Marinescu
Start: Tue, Nov 10, 09:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 10, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Tue, Nov 10, 09:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
| Tue, Nov 10, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Tue, Nov 10, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Nov 10, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
Bullish momentum is stronger than it has been since late 1990
Mizuho Corporate Bank −After a lengthy sideways bout since the summer, signs of life as Cable tests the top of a massive Ichimoku ‘cloud' and Fibonacci resistance. Moving averages are positive though the pound is slightly overbought already – but who cares when bullish momentum is stronger than it has been since late 1990. One−month at−the−money implied volatility hit 14.50% as expected, and subsequent dips towards the 11.00% area are seen as buying opportunities
NZD/USD
NZD USD rallied back to a major 50% price at .7358 by Turtle Futures
The NZD USD rallied back to a major 50% price at .7358. Gann angle resistance is at .7375. This forms a key resistance cluster. Upside momentum is expected to overtake this zone on its way to the next resistance level at .7423.
GOLD
Gold's rally extends further and made another record high of 1109.9 by Oil N' Gold
Gold's rally extends further and made another record high of 1109.9. At this point, short term outlook will remain bullish as long as 1084 support holds. Further rise should be seen to next fibonacci target of 61.8% projection of 681 to 1007.7 from 931.3 at 1133.2.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Financial Trend Analysis , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Event of the Day
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 9 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | -12.9% | -14.4% | -15.8% |
| Nov 9 | 11:00 | Industrial Production s.a. (MoM) | 2.7% | 1.3% | 1.8% |
Top Fundamental Stories - German Industrial Production Improves Ahead of GDP Data This Week by ecPulse.com
[ Full Story ]- Read the Industrial Production data at BMWi [text in German]
- DATA SNAP: German Indus Output Climbs in September (Dow Jones)
- Germany Sep Industrial Production up 2.7% MoM in Sep, −12.9% YoY (FXstreet.com)
EMU economic indicators - Output in the German producing sector (September): up by BHF−Bank
Friday Notes - Industrial Production: Will continue to recover by UniCredit Group
Event of the Week
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 13 | 13:30 | Trade Balance | - | -$32.0 | -$30.7B |
Friday Notes - Trade deficit to widen again slightly by UniCredit Group
Crude oil prices fell by about 4% between August and September. But this should have been more than offset by a rebound in the quantity of imported oil, which dropped by more than 10% in August.
[ Full Story ]US economic indicators - Trade balance (Sep): widening deficit by BHF−Bank
The Week Ahead - Jobless Claims, Federal Budget, UMI Sentiment and Trade Balance by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 9 | 13:15 | CA | Housing Starts s.a (YoY) (Oct) | 157.3K | 157.0K | 149.0K |
| 21:34 | NZ | Credit Card Spending (Oct) | -2.3% | |||
| 23:50 | JP | Adjusted Current Account (Sep) | ¥1.53T | ¥1233.60B | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Oct) | 3.2% | 3.0% | ||
| 23:50 | JP | Trade Balance − BOP Basis (Sep) | ¥303.7B | |||
| Nov 10 | 00:01 | UK | BRC Retail Sales Monitor − All (YoY) (Oct) | 2.8% | ||
| 00:01 | UK | RICS House Price Balance (Oct) | 29% | 22% | ||
Educational Resources
They can... what about me? Forex opportunities
Today everyone is trying to earn as much money as they can and most of them do forget all the other things that matter in life. Even though some of them succeed by becoming millionaires, greed acts an important role on their life. How do we cope with greed, our emotions depend on our personal characteristics. Read Tomas Cedavicius' article
Related Resources
Man vs. Market - Ebook by Rob Booker
The Psychology of Trading − The Mind of the Market - Report by Joseph Trevisani