Wednesday, Nov 14, 08:45 GMT
EUROPEAN Trading Newsletter
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- The Advisor Blog: At the Open. Carry cows back on track.
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Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Wed, Nov 14, 10:00 GMT
Type of Session: Webinar
What Moves Currencies? − A Look at the Carry Trade
Expert: Tony Juste
Start: Wed, Nov 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 14, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Wed, Nov 14, 11:00 GMT | What Moves Currencies? − A Look at the Carry Trade | Tony Juste | WBN | |
| Wed, Nov 14, 12:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN |  |
| Wed, Nov 14, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
The Euro has confirmed the intra−day support at 1.4590 on yesterday and recovered, especially during today's Asian session, getting past the 1.4630 resistance established on yesterday's EU session. Support is now seen at 1.4630 backed by 1.4590 and 1.4560.
- Extreme OB/OS levels at this hour at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Forex Commentary − Stocks rally and risk appetite increases by Jyske Bank
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Daily Forex Technical Report − Focus Turning Back to Economic Data as Risk Aversion Calmed by ActionForex.com
Currencies at a Glance
- EUR/USD
- Trades around first resistant level 1.4649
11/14/2007 08:05 GMT - GBP/USD
- Back below first resistant level 2.0803
11/14/2007 08:05 GMT - USD/CHF
- Moves up back above first support level 1.1236
11/14/2007 08:06 GMT - USD/JPY
- Continues to move up above first resistant level 111.51
11/14/2007 08:06 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Nov 14 | 10:00 | Gross Domestic Product s.a. (YoY) | 2.6% | 2.5% |
| Nov 14 | 10:00 | Gross Domestic Product s.a. (QoQ) | 0.6% | 0.3% |
EMU economic indicators - EMU GDP gained momentum in Q3 by BHF−Bank
German GDP growth probably accelerated to about 0.5% quarter−on−quarter in Q3 2007. Output in the producing sector increased as well as retail sales. On 14 November, Destatis (the German Federal Statistical Office) is publishing a "flash release" on German GDP; a detailed breakdown of the components will follow on 22 November.
[ Full Story ]Top Market Movers Review
Germany GROSS DOMESTIC PRODUCT N.S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 14 | 07:00 | Gross Domestic Product w.d.a (YoY) | 2.5% | 2.5% | 2.5% |
| Nov 14 | 07:00 | Gross Domestic Product s.a (QoQ) | 0.7% | 0.7% | 0.3% |
| Nov 14 | 07:00 | Gross Domestic Product n.s.a (YoY) | 2.4% | 2.6% | 2.5% |
DATA SNAP: German Economic Activity Strongly Rebounds In 3Q (Dow Jones)
German economic activity strongly rebounded in the third quarter on healthy investment in machinery, equipment and construction, data from the Federal Statistics Office showed Wednesday. On the quarter, real gross domestic product rose 0.7%, after increasing 0.3% in the second quarter.
[ Full Story ]- Read the GDP data at German Statistics
- German economic growth accelerates in the 3Q (FXstreet.com)
- German Q3 preliminary GDP growth 0.7 pct vs 0.3 pct in Q2; consensus 0.7 pct (Thomson Financial News)
Australia WESTPAC CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 13 | 23:30 | Westpac Consumer Confidence | -4.2% | - | -0.3% |
Australia's Nov Westpac consumer sentiment index down 4.2 pct (Thomson Financial News)
The Westpac−Melbourne Institute Consumer Sentiment Index fell 4.2 percent to 110.5 in November from 115.3 in October following the central bank's decision to raise interest rates by a quarter percentage point last week, Westpac said Wednesday.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 13 | 23:30 | AU | Westpac Consumer Confidence (Nov) | -4.2% | -0.3% | |
| Nov 14 | 07:00 | DE | Gross Domestic Product n.s.a (YoY) (3Q)  | 2.4% | 2.6% | 2.5% |
| 07:00 | DE | Gross Domestic Product s.a (QoQ) (3Q) | 0.7% | 0.7% | 0.3% | |
| 07:00 | DE | Gross Domestic Product w.d.a (YoY) (3Q) | 2.5% | 2.5% | 2.5% | |
| 09:00 | US | Fed's Fisher speaks on U.S. Outlook | ||||
| 09:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Sep) | 3.8% | 3.7% | ||
| 09:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Sep) | 4.0% | 3.7% | ||
| 09:30 | UK | Claimant Count Rate (Oct) | 2.6% | 2.6% | ||
| 09:30 | UK | ILO Unemployment Rate (Oct) | 5.4% | 5.4% | ||
| 09:30 | UK | Jobless Claims Change (Oct) | -6.0 | -12.8K | ||