Tuesday, Nov 11, 08:28 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Institutional Trading Strategies: Money Management 101 by Andrei Pehar
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: EURO and GBP are expected to swing and firm up by Dr. S. Sivaraman
EURO and GBP made the swing moves during yesterday US session for week beginning. Today they have made the swing near yesterday close levels with quick downward stop hunt moves during early Japanese session. They are expected to swing and rise during European session.
1st on Forex: The Week Ahead - Currencies Pause Before... by Jerry Furst
FxBootcamp: Pre London Outlook November 11th 2008 by Wayne McDonell
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Nov 11, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Nov 11, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 11, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Nov 11, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Nov 11, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Nov 11, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
EUR/USD
Daily Forex Technical Report − Triangle Breakout in EUR/USD Due? by ActionForex.com
EUR/USD weakens again after recovering to 1.2927 yesterday and is now pressing an inner trend line support. While EUR/USD is still staying in range, it's possible to interpret the mentioned triangle consolidation as completed at 1.2927. Hence, we're cautiously bearish on EUR/USD as long as 1.2927 minor resistance holds. Break of 1.2653 support will add more credence to the case that recent down trend is resuming and will bring retest of 1.2329 low first.
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AUD/USD
Daily Recommended Trades − Recent break of support at .6780 brings the downside back on focus by E−Forex
Recent break of support at .6780 brings the downside back on focus and the bullish structure remains fragile while trading near support at .6630. Below .6630, support is also seen at .6510 − the 50% retracement of last upward move to .7010. A potential break below the said support will re−establish bearish momentum on the daily studies.
WEEKLY OUTLOOK
Weekly Technical Commentary by Mizuho Corporate Bank
USD/JPY: Little to add as we continue in correction and consolidation mode, here and in all variants of the ‘carry trade'. This may continue for another week and possibly for most of November.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Nov 11 | 10:00 | ZEW Survey − Economic Sentiment | -62 | -63 |
EMU economic indicators - German ZEW economic sentiment (November): down by BHF−Bank
In November, the German ZEW economic sentiment will probably have continued its downturn, but at a slower pace. All correlated indicators were obviously driven by the current financial turmoil and its potential long−term effects on economic growth. Both the ifo business expectations and the US ISM manufacturing index have deteriorated.
[ Full Story ]Daily Forex Technical Report − Triangle Breakout in EUR/USD Due? by ActionForex.com
Trading News Report - German ZEW Survey on Tap − How Will The Euro React? by FXCM
Top Market Movers Review
UK RICS HOUSE PRICE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 11 | 00:01 | RICS House Price Balance | -82.0% | -86.0% | -84.2% |
DATA SNAP:UK RICS Oct House Price Balance Up, Sales Weaken (Dow Jones)
Sentiment in the housing market in England and Wales improved marginally in October, but sales fell to a record low as the lack of mortgage availability continued to throttle activity in the market, the Royal Institution of Chartered Surveyors said Tuesday. The latest RICS housing market survey showed the seasonally−adjusted net balance of surveyors reporting falling rather than rising prices was −81.8 percentage points in October, compared with −84.5 percentage points in September.
[ Full Story ]- Read the RICS House Price at Royal Institution of Chartered Surveyors
- UK house price falls ease, sales at record low −RICS (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 11 | 00:01 | UK | RICS House Price Balance (Oct) | -82.0% | -86.0% | -84.2% |
| 00:30 | AU | National Australia Bank's Business Conditions (Oct) | -11 | -8 | ||
| 05:00 | JP | Eco Watchers Survey: Current (Oct) | 22.6 | 27.4 | 28.0 | |
| 05:00 | JP | Eco Watchers Survey: Outlook (Oct) | 25.2 | 32.1 | ||
| 09:30 | UK | DCLG House Price Index (YoY) (Sep) | -5.5% | -3.4% | ||
| 09:30 | UK | Goods Trade Balance (Sep) | -£8.0B | -£8.2B | ||
| 09:30 | UK | Total Trade Balance (Sep) | -4.6B | -4.7B | ||
| 10:00 | DE | ZEW Survey − Economic Sentiment (Nov) | -62 | -63 | ||
| 23:30 | AU | Westpac Consumer Confidence (Dec) | -11% | |||
| Nov 12 | 00:30 | AU | Wage Price Index (QoQ) (3Q) | 1.0% | 1.2% | |