Tuesday, Nov 17, 16:55 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- Learning Center: Chapter C02 - Understand Statistics has been released
- Real-Time Economic Calendar: New 2.0 Design with upgraded charts and sound notifications
- WEBINAR VIDEOS: Combining Candlesticks with Western Technical Analysis by James Chen
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Forex Blogs
The Advisor Weblog: Yellen given dollar more support by Valeria Bednarik
Fed's Yellen is on the wires, saying recession in U.S. is probably over, and that the U.S. economy is growing, slow, but growing. Dollar is rising further across the board even against Japanese yen. EUR/USD is quiclky approaching to strong 1.4820/30 area. Watch that level: break under will accelerate the fall.
Tech Trading: AUD/USD Holds above 200 SMA on 1 hour chart by César B. Leiceaga
Francesc's Weblog: Forex Mobile Site Breaks 2,000 Unique Visitors Level First-Time Ever by Francesc Riverola
FXstreet.com FORUM: Share your comments and opinions with fellow traders
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Live Sessions Schedule
Leading and Lagging Indicators
Expert: Lea Peters
Start: Tue, Nov 17, 20:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Tue, Nov 17, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 17, 17:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN |  |
| Tue, Nov 17, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Nov 17, 20:00 GMT | Leading and Lagging Indicators | Lea Peters | WBN | |
| Tue, Nov 17, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Wed, Nov 18, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
Euro, on correction while above 1.4800/10
FXstreet.com Independent Analyst Team − Pair lost momentum after failing again to regain the 1.5000 area, and turned bearish in the hourly. Momentum points for further falls, while RSI approaches to oversold levels, still pair has room to fall under today's low zone, 1.4850 and first support zone to consider. Under 20 SMA (red) and 200 EMA (violet), as long as above 1.4800/10 current movement could be understood as just corrective; break under this last should bring some downside acceleration as bigger time frames support the bias
U.S. Update
Swings in mood by Valeria Bednarik
Corrective movements are due both in currencies and stocks markets. Gold also seems to be ready for some short term corrections, after reaching a fresh record high around $1145/oz.
GBP/USD
Pair Weakens After Setting New November Highs by FastBrokersFX
The Cable is experiencing a little selling pressure after briefly trading beyond November highs. The Cable added onto gains...
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , Financial Trend Analysis , KBC , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Event of the Day
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 17 | 14:15 | Industrial Production (MoM) | 0.1% | 0.4% | 0.6% |
| Nov 17 | 14:15 | Capacity Utilization | 70.7% | 70.7% | 70.5% |
US: Industrial Production Increased Slightly in October by Wells Fargo Investments, LLC
[ Full Story ]- Read the Industrial Production data at the Fed
- UPDATE: US Oct Data Point To Low Inflation, Slow Recovery (Dow Jones)
- US October Industrial Production +0.1%; Consensus +0.3% (Dow Jones)
- U.S. Industrial Production increase below expectations; Dollar, slightly lower (FXstreet.com)
US economic indicators - Industrial production (Oct): Moderate rise by BHF−Bank
Event of the Week
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 18 | 13:30 | Consumer Price Index (YoY) | - | -0.3% | -1.3% |
| Nov 18 | 13:30 | Consumer Price Index (MoM) | - | 0.2% | 0.2% |
Friday Notes - No inflation pressure in sight by UniCredit Group
Seasonally adjusted gasoline prices rose mildly in October, but natural gas prices surged by about 30%. As a result of the monthly 0.2% increase, the yoy inflation rate would rise further to −1⁄4%, which is the highest since March.
[ Full Story ]US economic indicators - Consumer prices (Oct): another slight increase at the core level by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 17 | 14:15 | US | Capacity Utilization (Oct) | 70.7% | 70.7% | 70.5% |
| 14:15 | US | Industrial Production (MoM) (Oct) | 0.1% | 0.4% | 0.6% |
|
| 18:00 | US | NAHB Housing Market Index (Nov) | 19 | 18 | ||
| 22:00 | US | ABC/Washington Post Consumer Confidence (Nov 15) | -46 | |||
| Nov 18 | 00:00 | AU | Westpac Leading Index (MoM) (Sep) | 1.1% | ||
| 00:30 | AU | Wage Price Index (QoQ) (3Q) | 0.7% | 0.8% | ||
| 00:30 | AU | Wage Price Index (YoY) (3Q) | 3.6% | 3.8% | ||
Educational Resources
When Trading Becomes Gambling...
Can we class trading as gambling? Are these two activities more similar than we think and is profitable trading simply down to a run of luck? Sam Evans will discuss this in detail this week.
Read Sam Evans' article.
Related Resources
Managing Your Trade with ATR by Don Dawson