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EUROPEAN Trading Newsletter
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Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Wed, Nov 21, 10:00 GMT
Type of Session: Webinar
What Moves Currencies?
Expert: Tony Juste
Start: Wed, Nov 21, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 21, 10:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN |  |
| Wed, Nov 21, 11:00 GMT | What Moves Currencies? | Tony Juste | WBN | |
| Wed, Nov 21, 13:00 GMT | Main Fundamental theme in the Currency market | Boris Schlossberg | WBN |  |
| Wed, Nov 21, 15:00 GMT | Tracking the forex market together / Part II: Review | Dr.S.Sivaraman | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
The Euro surged higher versus the greenback on yesterday and it established a new record high at 1.4855. Intra−day support starts at 1.4820 and it is backed by 1.4780 and 1.4750. Resistance emerges at 1.4855 followed by the psychological barier of 1.4900. Daily sentiment remains bullish as the Euro strengthened and exited the multi−day range by breaking 1.4755.
- Technical Trigger: USD/CHF 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 − Yen Surges on Risk Aversion, Dollar Weakens on Rate Cut Speculations by ActionForex.com
Daily Forex Commentary − …Like flipping a coin by Jyske Bank
Forex Technical Analysis − EUR/USD: (1.4842) New high on rebound off broken inverted channel top off 1.4015 by KBC Bank
Currencies at a Glance
- EUR/USD
- Moves down toward pivot level 1.4775
11/21/2007 08:19 GMT - GBP/USD
- Moves down toward pivot level 2.0600
11/21/2007 08:20 GMT - USD/CHF
- Back around opening price level 1.1057 , below pivot level 1.1095
11/21/2007 08:20 GMT - USD/JPY
- Trades around second support level 108.95
11/21/2007 08:20 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 BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Nov 21 | 09:30 | Bank of England Minutes | - | - |
Weekly Forex Outlook - Focus on BoE and FOMC minutes by Easy Forex
In the UK, with talk of a possible rate cut growing in momentum, the BoE minutes out on Wednesday are sure to give markets a clearer indication on future monetary policy outcomes by the central bank and views endorsed by its MPC members.
[ Full Story ]Top Market Movers Review
Japan MERCHANDISE TRADE BALANCE TOTAL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 20 | 23:50 | Adjusted Merchandise Trade Balance | ¥1072.6B | ¥1079.0B | ¥1034.3B |
| Nov 20 | 23:50 | Merchandise Trade Balance Total | ¥1018.60B | ¥1052.80B | ¥1635.87B |
Japan trade surplus rises 66.1 pct in October, meets forecast (Thomson Financial News)
Japan's merchandise trade surplus rose 66.1 percent to 1.019 trillion yen in October from a year earlier, backed by strong exports to emerging markets and Asia, the Ministry of Finance said on Wednesday.
[ Full Story ]- Read the Trade Balance report at Japan Ministry of Finance
- Japan October trade figures with Asian countries (Thomson Financial News)
- Japan October trade figures with Asia, US and EU (Thomson Financial News)
US FOMC MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 20 | 19:00 | FOMC Minutes | - | - | - |
Daily Global Commentary - Minutes of the October FOMC Meeting: Fed Remains Biased Toward Easing by Northern Trust
The minutes of the October 30−31 meeting indicate a FOMC significantly concerned about the ramifications of the housing market weakness and the credit crunch. Despite this view, the October 31 easing was cited as a "close call."
[ Full Story ]- Read the FOMC Meeting Minutes at Federal Reserve
- THE FED: New Fed Forecast Sees Slower '08, Rise In Jobless Rate (Dow Jones)
- A 25 basis point rate cut a certainty again after release of FOMC minutes (Thomson Financial News)
- Fed cuts 2008 GDP growth forecast to 1.80−2.50 pct from 2.25−2.75 pct UPDATE (Thomson Financial News)
Daily Analysis - Dollar is weak, FOMC minutes on Focus by Finotec Group Inc.
Daily Forex Outlook - Stock prices fall ask credit woes continue. FOMC minutes set for release by Easy Forex
Weekly Forex Outlook - Focus on BoE and FOMC minutes by Easy Forex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 20 | 23:50 | JP | Adjusted Merchandise Trade Balance (Oct) | ¥1072.6B | ¥1079.0B | ¥1034.3B |
| 23:50 | JP | All Industry Activity Index (MoM) (Sep) | -1.6% | -1.5% | 1.0% | |
| 23:50 | JP | Merchandise Trade Balance Total (Oct) | ¥1018.60B | ¥1052.80B | ¥1635.87B | |
| Nov 21 | 02:00 | NZ | Credit Card Spending (Oct) | 7.8 | 9.4 |
|
| 09:30 | UK | Bank of England Minutes | ||||
| 12:00 | US | MBA Mortgage Applications (Nov 16) | 5.5% | |||
| 13:30 | US | Continuing Jobless Claims (Nov 10) | 2568K | |||
| 13:30 | US | Initial Jobless Claims (Nov 17) | 330K | 339K | ||
| 13:30 | CA | Retail Sales (MoM) (Sep) | 0.1% | 0.7% | ||
| 13:30 | CA | Retail Sales ex Autos (MoM) (Sep) | 0.3% | 0.3% | ||