Thursday, Nov 19, 17:05 GMT
ASIA-PACIFIC Trading Newsletter
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- Learning Center: Chapter C02 - Understand Statistics has been released
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Forex Blogs
The Disciplined Trader: EUR/USD consolidation will lead to break out − The question is "which way" by Pierre Charlebois
The EUR/USD has been confined to narrow range over the last 20 days. The range has narrowed considerable in jus the last week so a break is due shortly. There is roughly equal argument for the direction of the break. The next 48 hours or so should give way to the range break.
Francesc's Weblog: Retail Forex Industry - Where Are You Heading To? by Francesc Riverola
The Advisor Weblog: U.S. Stocks strongly down by Valeria Bednarik
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Nov 19, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Nov 19, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 19, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Nov 19, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Fri, Nov 20, 12:30 GMT | MONTHLY WEBINAR − Part 1: How to manage risk using Price Behaviour analysis | Mike Baghdady | WBN | |
| Fri, Nov 20, 14:30 GMT | MONTHLY WEBINAR − Part 2: Using Price Behaviour to identify the hierarchy of different trades  | Mike Baghdady | WBN | |
| Mon, Nov 23, 10:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
Current Session: U.S.
Hourly indicators show the Euro correcting oversold conditions
FXstreet.com Independent Analyst Team − Hourly indicators show pair is currently correcting oversold conditions, still under 20 SMA and 200 EMA that would offer some resistance around 1.4910. 4 hours charts indicators remain bearish, so as long as the pair remains under 1.4940, chances of further rises seem limited for today; stocks and gold as usual will lead the way.
EUR/JPY
Chart of the Day – Dramatic yen strengthening by FX Solutions
Price action on EUR/JPY is displaying dramatic yen strengthening today on stock market declines that is also abundantly clear on other major yen pairs/crosses.
U.S. Update
Risk appetite fades by Valeria Bednarik
Still, movements in most majors remain inside recent ranges, without offering not new real cues on the long term destiny of greenback. In general dollar remains under pressure and is far away from a trend change, as long as rates...
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 INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 19 | 13:30 | Continuing Jobless Claims | 5611K | 5600K | 5650K |
| Nov 19 | 13:30 | Initial Jobless Claims | 505K | 503K | 505K |
DATA SNAP: US Jobless Claims Unchanged At 505K In Nov 14 Week (Dow Jones)
[ Full Story ]- Read the Jobless Claims data at Labor Department
- Forex: EUR/USD: Euro picks up above 1.4880 after jobless data (FXstreet.com)
- Forex: USD/JPY: Dollar dives to test 88.70 support after jobless claims (FXstreet.com)
- US Continuing Jobless Claims down to 5611K in Nov 7 week (FXstreet.com)
US: Preview of US jobless claims, LEI and Philly Fed by Easy Forex
Daily Currency Report - US initial jobless claims are scheduled to be released at 1330, followed by the Philadelphia Fed at 1500 by ODL Securities
US economic indicators - We expect initial jobless claims to have remained more or less unchanged by BHF−Bank
Event of the Week
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 18 | 13:30 | Consumer Price Index (MoM) | 0.3% | 0.2% | 0.2% |
| Nov 18 | 13:30 | Consumer Price Index (YoY) | -0.2% | -0.3% | -1.3% |
US: Consumer Prices Rose More Than Expected in October by Wells Fargo Investments, LLC
[ Full Story ]- Read the CPI data at Labor Department
- UPDATE: US Oct CPI, Housing Starts Point To Sluggish Economy (Dow Jones)
- DATA SNAP: US Consumer Prices Rise By 0.3% In October (Dow Jones)
- US CPI Ex Food & Energy up 0.2% MoM and 1.7% YoY in Oct (FXstreet.com)
Inflation Observatory - The decline in headline prices eases by BBVA Bancomer
Currency Trading News - US Dollar Mixed on Signs of Deterioration in Housing, Dovish Comments from Fed's Bullard by DailyFX
Daily Global Commentary - Higher Prices for Cars and Energy Lifted CPI in October by Northern Trust
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 19 | 15:00 | US | Philadelphia Fed Manufacturing Survey (Oct) | 16.7 | 12.3 | 11.5 |
| 16:00 | EMU | ECB Trichet's Speech | ||||
| Nov 20 | 00:00 | JP | Nationwide Department Sales (YoY) (Oct) | -3.1% | ||
| 02:00 | NZ | Credit Card Spending (Oct) | -0.2% | |||
| 04:00 | JP | BoJ Interest Rate Decision | 0.1% | 0.1% | ||
| 07:00 | DE | Producer Price Index (MoM) (Oct) | 0.1% | -0.5% | ||
| 07:00 | DE | Producer Price Index (YoY) (Oct) | -7.5% | -7.6% | ||
Educational Resources
Currencies' valuations change when money crosses borders. Money flows around the world as businesses and banks conduct their normal day−to−day activities. Money also flows from one market to another as investors put their money to work around the world. Wayne McDonell provides analysis of the currency market: currency correlations. Read Wayne McDonell's article.
Related Resources
Currency Relations - Report by Sunil Mangwani
Using Currency Correlations in Forex Trading - Q&A Session Transcript by Dan Blystone
Currency Correlations - Wayne McDonell's Blog FxBootcamp