Monday, Nov 23, 17:06 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
Chartology: Two Looks at the Short Term 15min EUR/USD by Raghee Horner
The intraday EUR/USD has triggered to two pattern breaks on the 15 minute chart and the subsequent Forecast area have left behind some excellent support...
Francesc's Weblog: Pay Extra Close Attention to the Dollar by Francesc Riverola
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Live Sessions Schedule
Trading Day's Live Wrap Up − With Extra Educational Contents
Expert: Valeria Bednarik
Start: Mon, Nov 23, 22:00 GMT
Type of Session: Webinar
Taking full advantage of precise trading zones
Expert: Rajoo C
Start: Tue, Nov 24, 03:00 GMT
Type of Session: Webinar
Topics
− Q&A
− Precise Trader's viable trades
− Identifying Entry, Exit & Stop Loss Levels
− How to choose the best cross to trade out of 36 currency crosses
| Sponsored by | ||||
| Mon, Nov 23, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Nov 23, 22:00 GMT | Trading Day's Live Wrap Up − With Extra Educational Contents | Valeria Bednarik | WBN |  |
| Tue, Nov 24, 03:00 GMT | Taking full advantage of precise trading zones | Rajoo C | WBN | |
| Tue, Nov 24, 09:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
| Tue, Nov 24, 12:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
Current Session: U.S.
GBP/USD: Corrective movement expected
FXstreet.com Independent Analyst Team − After reaching an intraday high of 1.6636, pair halted the rally at the 20 SMA in the 4 hours charts, from where pair should correct to the downside, as we also approach to the roof of the range. However, indicators remain strongly bullish at this point, suggesting above 1.6660 resistance area pair could extend the rally to the 1.6700 level.
EUR/USD
Expect downside corrections to remain limited by Valeria Bednarik
Quoting at daily highs, pair has break above the daily descendant trend line, pointing for further gains during next American session, supported also by record prices in gold.
USD/CHF
Dollar broken below the Support at 1.0100 by Kshitij Consultancy Service
Swiss continued its downmove during the day and has broken below the Support at 1.0100 metioned earlier. 1.0050−30 is the next significant Support region to be watched for
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , Financial Trend Analysis , Finotec
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Event of the Day
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 23 | 15:00 | Existing Home Sales (MoM) | 10.1% | 2.3% | 9.4% |
| Nov 23 | 15:00 | Existing Home Sales | 6.10M | 5.70M | 5.54M |
US Oct Existing Home Sales Up 10.1% To 6.10 Mln Rate (Dow Jones)
[ Full Story ]- U.S. markets advance after buoyant housing data; Dollar, at lower levels (FXstreet.com)
- Forex: USD/JPY rises to test 89.00 after existing home sales (FXstreet.com)
- Dollar favoured as on better than expected existing home sales (FXstreet.com)
The Week Ahead - Focus on the new home sales by X−Trade Brokers, XTB
Friday Notes - Another solid increase in home sales by UniCredit Group
Event of the Week
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 24 | 13:30 | Gross Domestic Purchases Price Index | - | 0.8% | 1.6% |
| Nov 24 | 13:30 | Gross Domestic Product Annualized | - | 3.0% | 3.5% |
Friday Notes - GDP growth less strongly than initially reported by UniCredit Group
The US economy most likely expanded less strongly than initially reported. The wider trade deficit alone likely reduced growth by 0.4 percentage point, lowering the growth contribution of net exports to close to −1pp from the initially reported −0.5pp.
[ Full Story ]US economic indicators - GDP (Q3 2nd estimate): downward revision by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 23 | 00:00 | JP | Labor Thanksgiving Day Bank Holiday | |||
| 15:00 | US | Existing Home Sales (Oct) | 6.10M | 5.70M | 5.54M |
|
| 15:00 | US | Existing Home Sales (MoM) (Oct) | 10.1% | 2.3% | 9.4% | |
| 23:00 | AU | Conference Board Australia Leading Index (Sep) | 1.8% | |||
| Nov 24 | 05:00 | JP | Bank of Japan Monthly Economic Survey | |||
| 07:00 | DE | Gross Domestic Product n.s.a (YoY) (3Q) | -4.7% | -7.0% | ||
| 07:00 | DE | Gross Domestic Product s.a (QoQ) (3Q) | 0.7% | 0.4% | ||
Educational Resources
Trading Broadening Top/Bottom Patterns
Broadening top and bottom patterns are considered reversal patterns and usually appear at the major tops/ bottoms. Suri Duddella discusses how to identify and trade these reliable chart patterns. Read Suri Duddella's article.
From Trader's Journal as well:
Being Honest With Yourself - Article by Don Dawson
Tracking Correlations Between Equities, Commodities and Currencies - Article by Steve Misic
Breakout Entries - Article by Sam Seiden