Wednesday, Nov 11, 17:02 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
Chartology: Intraday EUR/USD Uptrend to Double Top by Raghee Horner
With the 1.5062 high and prices currently with 20 pips of that peak, the 240 minute EUR/USD is setting up a double as the trend is still up. If prices are rejected from this area again, I'm looking for a correction to the 1.4950 level.
Trading for a living: From resistance to support, and from support to resistance... by David Aranzabal
Francesc’s Weblog: Live Free Access Day tomorrow by Francesc Riverola
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Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Wed, Nov 11, 22:30 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis − Free Access Day
Expert: Dr.S.Sivaraman
Start: Thu, Nov 12, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 11, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Nov 11, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Thu, Nov 12, 05:00 GMT | Asian Session: Live Market Analysis − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Nov 12, 09:00 GMT | London Session Scenarios on GBPUSD & GBPJPY − Free Access Day | Mihai Marinescu | WBN | |
| Thu, Nov 12, 11:00 GMT | Trading Break Out's And Other Market Views − Free Access Day | Phil Newton | WBN |  |
Current Session: U.S.
FastBrokersFX − EUR/USD Current price: 1.4975. The EUR/USD is trading a bit off of intraday highs after nearly hitting October highs, and the currency pair is presently trying to hold strong above its psychological 1.50 level. Meanwhile, our important 3rd tier downtrend line continues to play a key technical role since it runs through these important October highs. Therefore, although the EUR/USD may be on the cusp of a near−term breakout, the two key downside technicals (3rd tier and Oct. highs) are still in play. That being said, the EUR/USD has several uptrend lines serving as technical supports along with 11/10 and 11/09 lows.
GBP/USD
Currencies Report by ecPulse.com
The cable achieved a sharp downside move after touching the horizontal resistance at 1.6790 and touch the main support at 1.6670.
USD/CHF
Chart of the Day by FX Solutions
Price action on USD/CHF, a daily chart of which is shown, has dropped to within just a few pips shy of the 15−month low (1.0030)
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Event of the Day
UK BANK OF ENGLAND QUARTERLY INFLATION REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 11 | 10:30 | Bank of England Quarterly Inflation Report | - | - | - |
Forex: GBP/USD collapses as BOE sees slow recovery (FXstreet.com)
The Sterling is falling quickly against the Dollar on the back of the BoE quarterly inflation report released today and the Mervin King comments. The GBP/USD has fallen around 200 pips after reaching 1.6800 level as daily high ahead the report to test 1.6600 level.
[ Full Story ]- Read the Inflation Report at BoE
- CURRENCIES: Dollar Mostly Lower; BOE Pressures British Pound (Dow Jones)
Preview: BoE Quarterly Inflation Report by RANsquawk
Daily Forex News - Forex − Sterling Benefits From ILO Unemployment Data, Market Awaits BoE Report by ACM − Advanced Currency Markets
Economics Weekly - Focus on EU economic trends and BoE Inflation Report by Lloyds TSB Financial Markets
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 11 | 00:00 | CA | Remembrance Bank Holiday | |||
| 00:00 | US | Veterans Day Bank Holiday | ||||
| 21:30 | NZ | Business NZ PMI | 47 | |||
| 21:45 | NZ | Retail Sales (MoM) | 0.5% | 1.1% | ||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Sep) | 0.4% | 1.2% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Oct) | -0.1% | 0.0% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) | -6.0% | -8.5% | ||
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
Also in this week's Lessons From the Pros
The Latest Indicators are Out and this Could be an Opportunity of a Lifetime by Diana Hill