Tuesday, Nov 20, 08:17 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Nov 20, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − EUR Crosses Watch
Expert: Tony Juste
Start: Tue, Nov 20, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 20, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Nov 20, 11:00 GMT | What Moves Currencies? − EUR Crosses Watch | Tony Juste | WBN | |
| Tue, Nov 20, 12:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
| Tue, Nov 20, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.4672) Drop from 1.4753 retested broken inverted channel top off 1.4015 (see graph) by KBC Bank
Drop from 1.4753 retested the broken inverted channel top off 1.4015 (see graph).
1st Support area at 1.4636 (today's low?), with next levels at 1.4617/ .09 (current week low/ daily Medium Term Moving Average↑ + daily and weekly envelope bottoms).
- EUR/USD intraday chart − 'classic Monday pattern' negated 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 Technical Report − EUR/USD to Retest Record High ahead of FOMC Minutes by ActionForex.com
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Daily Forex Commentary − Up and Down then Back and Forth by Jyske Bank
Currencies at a Glance
- EUR/USD
- Moves up back above pivot level 1.4657
11/20/2007 08:04 GMT - GBP/USD
- Moves up above pivot level 2.0506
11/20/2007 08:04 GMT - USD/CHF
- Trades below pivot level 1.1167
11/20/2007 08:04 GMT - USD/JPY
- Moves up above pivot level 110.20
11/20/2007 08:04 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Aspen Trading Group, 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
UK M4 MONEY SUPPLY
| Date (GMT) | Event | Cons. | Previous | |
| Nov 20 | 09:30 | M4 Money Supply (YoY) | 12.8% | 12.8% |
| Nov 20 | 09:30 | M4 Money Supply (MoM) | 0.9% | 1.0% |
| Nov 20 | 09:30 | M4 Sterling Lending | £20.5 | £23.7B |
Economics Weekly - Slower growth to lead to UK rate cuts by Lloyds TSB Financial Markets
But money supply growth, chart j, remains stubbornly strong. This will cause the MPC to pause as it implies strong asset price inflation.
[ Full Story ]Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 20 | 07:00 | Producer Price Index (MoM) | 0.4% | 0.3% | 0.2% |
| Nov 20 | 07:00 | Producer Price Index (YoY) | 1.7% | 1.6% | 1.5% |
DATA SNAP: German Oct PPI +0.4% MM, +1.7% YY (Dow Jones)
German producer prices picked up in October and rose faster than expected, despite the damping effect of energy prices, data from the Federal Statistics Office showed Tuesday.
[ Full Story ]- Read the Producer prices October 2007 at German Statistics
- German Oct PPI up 0.4 pct from Sept, up 1.7 pct yr−on−yr (Thomson Financial News)
- German Producer Prices Index rises 1.7% on the year in October (FXstreet.com)
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 19 | 18:00 | NAHB Housing Market Index | 19 | 17 | 18 |
US NAHB Oct Housing Index Unchanged At 19 In Nov (Dow Jones)
The gloom didn't lift this month over U.S. home builders, worried about problems in the mortgage market and bloated inventory of unsold houses. The National Association of Home Builders' index for sales of new, single−family homes was unchanged at 19 in November, according to a news release Monday issued by the group.
[ Full Story ]- Read the Housing Market Index at NAHB website
- US November homebuilder confidence index unchanged at 19 UPDATE (Thomson Financial News)
- US November homebuilder confidence index unchanged at 19, two−decade low (Thomson Financial News)
- Forex − Dollar weaker vs yen ahead of US housing data, release of FOMC minutes (Thomson Financial News)
The Week Ahead - We expect confidence among U.S. homebuilders to fall even further in November to 16.5 by BBVA Bancomer
Friday Notes - Strong Q3 growth – Water over the dam by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 19 | 21:45 | NZ | Visitor Arrivals | -2.6% | 1.0% | |
| Nov 20 | 07:00 | DE | Producer Price Index (MoM) (Oct) | 0.4% | 0.3% | 0.2% |
| 07:00 | DE | Producer Price Index (YoY) (Oct) | 1.7% | 1.6% | 1.5% | |
| 07:15 | CH | Trade Balance (Oct) | 1.56B | 1.79B | ||
| 09:30 | UK | BSA Mortgage approvals s.a (Oct) | 4262M | |||
| 09:30 | UK | M4 Money Supply (MoM) (Oct)  | 0.9% | 1.0% | ||
| 09:30 | UK | M4 Money Supply (YoY) (Oct) | 12.8% | 12.8% | ||
| 09:30 | UK | M4 Sterling Lending (Oct) | £20.5 | £23.7B | ||
| 09:30 | UK | Public Sector Net Borrowing (Oct) | -£3.0B | £6.9B | ||
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Nov) | 6% | |||