Friday, Nov 20, 16:26 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
The Advisor Weblog: Gold bounces up by Valeria Bednarik
And dollar bounces down. EUR/USD is testing the 1.4850 area, unable to break lower, while GBP continues under heavy pressure and can't regain the upside. I will wait for U.S. opening now, as seems the mood is a bit "violent" a this point.
Francesc's Weblog: Gold & Silver Live Quotes Now Available at FXstreet.com Rates&Charts Section by Francesc Riverola
Tech Trading: EUR/GBP Rebounds from solid support by César B. Leiceaga
FX Market Readings: US session - expected moves by Dr. S. Sivaraman
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Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Nov 23, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Nov 23, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 23, 10:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Nov 23, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Nov 23, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Mon, Nov 23, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Nov 23, 16:00 GMT | Honing in on Oscillator Analysis | James Chen | WBN | |
Current Session: U.S.
Cable suffered a bout of weakness in early European trading
Swiss e Trade AG − Cable suffered a bout of weakness in early European trading, plunging to its support at 1.6515, and is trading around 1.6528 right now. We expect a consolidation to set in soon, and later in today`s market some strength again, testing eventually the 1.6630 resistance zone.
EUR/USD
The range trade continues as we consolidate between 1.4800 and 1.4990 by ACM − Advanced Currency Markets
The range trade continues as we consolidate between 1.4800 and 1.4990; and with very little momentum provided by the light news calendar, there remains decent support and resistance building up at those levels.
AUD/USD
AUD/USD: Aussie breaks below 0.9130; approaching 0.9100 by FXstreet.com
Australian Dollar decline from 0.9215 intra−day high has extended on European trade below 0.9130 (Nov 19 low) and the pair approaches 0.9100 area at the moment of writing; 0.77% below its day opening level.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , 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
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 20 | 07:00 | Producer Price Index (YoY) | -7.6% | -7.4% | -7.6% |
| Nov 20 | 07:00 | Producer Price Index (MoM) | 0.0% | 0.2% | -0.5% |
DATA SNAP: German Producer Prices Flat In Oct Vs Sep (Dow Jones)
German factory−gate prices held steady in October after September's drop, as a slight rise in energy prices offset falls elsewhere, the Federal Statistics Office said Friday.
[ Full Story ]- Read the PPI data at German Statistics
- German Oct PPI stays on hold on the month, −7.6% on the year (FXstreet.com)
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 22 | 21:45 | NZ | Visitor Arrivals (Oct) | 3.8% | ||
| Nov 23 | 00:30 | AU | New Motor Vehicle Sales (MoM) (Oct) | 2.9% | ||
| 00:30 | AU | New Motor Vehicle Sales (YoY) (Oct) | -2% | |||
| 08:30 | DE | Purchasing Manager Index Manufacturing (Nov) | 51.7 | 51.0 | ||
| 08:30 | DE | Purchasing Manager Index Services (Nov) | 51.2 | 50.7 | ||
| 09:00 | EMU | Purchasing Manager Index Manufacturing (Nov) | 51.5 | 50.7 | ||
| 09:00 | EMU | Purchasing Manager Index Services (Nov) | 52.7 | 52.6 | ||
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
Forex Trading Correlation Strategies - Q&A Session Transcript by Dan Blystone
Using Currency Correlations in Forex Trading - Q&A Session Transcript by Dan Blystone
Currency Correlations - Wayne McDonell's Blog FxBootcamp