Thursday, Nov 12, 17:02 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
The Advisor Weblog: U.S. data halt dollar rally by Valeria Bednarik
Better than expected U.S. unemployment data, showing unemployment clains fell y 12K to 502K. halted dollar rally, sending stocks slightly up, at a first reaction. Let's see if it holds.
Tech Trading: EUR/GBP Range trade? by César B. Leiceaga
FX Market Readings: Market is gaining momentum by Dr. S. Sivaraman
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Live Sessions Schedule
Live Look at Today's Markets − Free Access Day
Expert: Derek Frey
Start: Thu, Nov 12, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Nov 12, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 12, 17:00 GMT | Combining Candlesticks with Western Technical Analysis − Free Access Day | James Chen | WBN |  |
| Thu, Nov 12, 18:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
| Thu, Nov 12, 22:30 GMT | Trading Day's Live Wrap Up − Free Access Day | Valeria Bednarik | WBN | |
| Thu, Nov 12, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Fri, Nov 13, 09:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
U.S. Update: Things are starting to change
FXstreet.com Independent Analyst Team − U.S. indexes opened to the downside and remain in negative territory, while gold lost some ground and quotes around $ 1112/oz, as gloomy global sentiment still prevails, helping the dollar to make gains against most other counterparts, still a corrective movement and far from a trend change: dollar bearish tone due to general speculation that its status as the world's dominant reserve currency may be lost is not yet over, particularly after past week unemployment rate 10.2% reading.
USD/JPY
Above 90.30 area pair should accelerate, to hold the bias by FXstreet.com Independent Analyst Team
Bigger time frames however, support further upside recoveries, as current candle is crossing 20 SMA with strength to support bias.
GBP/USD
GBPUSD: Pressured To The Downside by FXTechstrategy
The pair could be on its way to a third−day of weakness as its loss of upside momentum at the 1.6842 level, its Nov 09'09 high continues to put it under pressure. It was seen in early trading today...
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Event of the Day
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 12 | 10:00 | Industrial Production w.d.a. (YoY) | -12.9% | -14.2% | -15.1% |
| Nov 12 | 10:00 | Industrial Production s.a. (MoM) | 0.3% | 0.6% | 1.2% |
DATA SNAP: Euro−Zone Sep Indus Output Rises For Fifth Month (Dow Jones)
[ Full Story ]- Forex: EUR/USD edges up from 1.4925 as Industrial production increases (FXstreet.com)
- Euro Zone Sep Industrial Production rises 0.3% MoM, falls 12.9% YoY (FXstreet.com)
Top Fundamental Stories - Europe Ahead: Euro Zone Will Release Important Data Ahead of the GDP by ecPulse.com
EMU economic indicators - EMU industrial production (September): Unchanged 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 12 | 16:00 | US | EIA Crude Oil Stocks change (Nov 6) | 1.8 | -4.0M | |
| 16:30 | US | Treasury's Geithner Speech | ||||
| 19:00 | EMU | ECB Trichet's Speech | ||||
| 19:00 | US | Monthly Budget Statement | -152.5B | -46.6B | ||
| Nov 13 | 04:30 | JP | Capacity Utilization (Sep) | 2.3 | ||
| 04:30 | JP | Industrial Production (MoM) | 1.4% | 1.6% | ||
| 04:30 | JP | Industrial Production (YoY) | -19% | |||
Educational Resources
Indicators have both their advantages and their disadvantages. Most new traders think that all that is needed to be consistently profitable in the Forex markets is to follow the signals of when to buy and sell when the indicator gives them, and then the rest will just work itself out. Ask any veteran trader if they do things like this, however, and I am sure the answer will likely come back as a resounding no! Read Sam Evans' article!
Also in this week's Lessons From the Pros
Your Belief System is Highly Correlated with Your Results by Diana Hill