Tuesday, Nov 10, 17:01 GMT
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Forex Blogs
Tech Trading: GBP/USD Intraday triangle by César B. Leiceaga
Sterling has formed a triangular pattern on the 15 minute chart that is about to break to the upside. RSI offers a short term bullish signal, a break could lead cable to the japanese opening reference at 1,6785. A close below 1,6650 would invalidate this bullish setup.
The Advisor Weblog: Gbp/Usd at 20 SMA by Valeria Bednarik
FX Market Readings: Higher level swings by Dr. S. Sivaraman
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Live Sessions Schedule
Technical versus Fundamental
Expert: Lea Peters
Start: Tue, Nov 10, 20:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Tue, Nov 10, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 10, 17:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN |  |
| Tue, Nov 10, 20:00 GMT | Technical versus Fundamental | Lea Peters | WBN | |
| Tue, Nov 10, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Wed, Nov 11, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Wed, Nov 11, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
1.6640/60 static area is acting as strong support for the pair
FXstreet.com Independent Analyst Team −Pair retreat from 3 months high at 1.6842 has extended early Europe after worst than expected Trade Balance. However, 1.6640/60 static area is acting as strong support for the pair, as 4 hours 20 SMA with a bullish slope lies around that zone. Hourly indicators had a slightly bearish perspective bias, yet pair needs to clearly break mentioned zone to extend the downside. Above 1.6700, further rises are likely for the next session.
EUR/JPY
EUR/JPY: seizing stocks speed by FXstreet.com Independent Analyst Team
Hovering around 135.00, and fighting the daily 20 SMA plus the 38.2% retracement of the last daily up leg, pair needs to clearly overcome 135.65 to...
GBP/USD
Declines Following Increasing Trade Deficit and Strengthening Dollar by FastBrokersFX
The Cable has pulled back from yesterday's highs after Britan's Trade Balance came in much weaker than expected (−7.2 bill. Vs −6.1 bill forecast)...
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Event of the Day
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 10 | 10:00 | ZEW Survey − Economic Sentiment | 51.1 | 54.0 | 56.0 |
Top Fundamental Stories - Euro zone ZEW survey for economic sentiment declines by ecPulse.com
[ Full Story ]- Read the Economic Sentiment data at ZEW Institute
- UPDATE: Nov ZEW Econ Expectations 51.1 Vs 56.0 In Oct (Dow Jones)
- DATA SNAP: Nov ZEW Econ Expectations 51.1 Vs 56.0 In Oct (Dow Jones)
- Forex: EUR/USD: Euro eases from 1.5000 as Zew expectations index declines (FXstreet.com)
Fundamental Currencies Comments - The Dollar Inches Up After European Data by ecPulse.com
European Market Update - German ZEW suggest that recovery is fragile by TradeTheNews.com
EMU economic indicators - German ZEW economic sentiment (November): slight rebound by BHF−Bank
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. Excluding petroleum products, the trade balance was probably little changed as exports and imports were both lifted by the solid recovery of the US and global economy in autumn.
[ 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 10 | 14:15 | US | Fed's Lockhart speech | |||
| 21:45 | NZ | Food Price Index (MoM) (Oct) | -0.7% | |||
| 22:00 | US | ABC/Washington Post Consumer Confidence (Nov 8) | -49 | |||
| 23:30 | AU | Westpac Consumer Confidence (Nov) | 1.7% | |||
| 23:50 | JP | Core Machinery Orders (MoM) (Oct) | 4.2% | 0.5% | ||
| Nov 11 | 00:00 | CA | Remembrance Bank Holiday | |||
| 00:00 | US | Veterans Day Bank Holiday | ||||
Educational Resources
Properly Thinking the Forex Market
One of the main problems new traders have when they begin their journey down the education path to self empowerment is that they skip the most important first step: How to properly "think" money and markets. Today, let's take a walk through the history of one of the best trending markets in the world, Forex. It is an important first step in properly thinking the Forex markets which is key when attaining an edge in anything we do. The more prepared we are, the more we understand, the better the results. Read Sam Seiden's article
Related Resources
The Latest Indicators are Out and this Could be an Opportunity of a Lifetime by Diana Hill