Friday, Nov 14, 08:20 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- All the events of the day in our Economic Calendar
- The Forex Journal: Choose wisely Dr. Jones, choose wisely
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Forex Blogs
1st on Forex: Dollar Acting Schizoid Ahead of G20 by Jerry Furst
The "normal" correlations of currency pairs was anything but – as the Euro surged from the 1.2500 range to over 1.2850, while the Pound Sterling lost ground most of the day closing relatively unchanged at around 1.4800.
FxBootcamp: Pre London Outlook November 14th 2008 by Wayne McDonell
Forex Trading Today: Ahoy There, Your Majesty! by Tim Salem
Live Sessions Schedule
US Pre−Market Open
Expert: Ed Ponsi
Start: Fri, Nov 14, 13:00 GMT
Type of Session: Webinar
FX Market Pulse
Expert: Raghee Horner
Start: Fri, Nov 14, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Nov 14, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Fri, Nov 14, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Fri, Nov 14, 14:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Nov 14, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Forex Technical Report − Markets Indecisive after Dramatic Reversal by ActionForex.com
EUR/USD's strong rebound from 1.2389 indicates that an intraday low is in place and more importantly, it invalidated the triangle breakout scenario and suggests that consolidation from 1.2329 is still in progress. Intraday bias is flipped back to the upside and further rebound could be seen towards 1.3290 high. Though, there is no change in the broader view that price actions from 1.2329 is merely consolidation in the larger down trend.
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AUD/USD
Daily Recommended Trades − Hourly studies are sligthly bearish by E−Forex
Interim support at .6510 provides the first intraday bottom for today, backed by .6390 and .6245 lower. A potential reversal will be signaled by breaking the resistance at .6790.
GBP
Forex Trading Strategies − Stocks stepped away from the brink in the US once again by Saxo Bank
The negative momentum that GBP has worked up at this point is getting worrisome and may demand an official response very soon if GBPUSD moves to 1.4000 and EURGBP to 0.9000. We've been taken aback at the vehemence of the moves − the GBP crosses are dangerous territory.
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
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Nov 14 | 10:00 | Gross Domestic Product s.a. (QoQ) | -0.1% | -0.2% |
| Nov 14 | 10:00 | Gross Domestic Product s.a. (YoY) | 0.7% | 1.4% |
EMU economic indicators - German, French, Italian and EMU GDP growth (Q3): down by BHF−Bank
Private consumption might have remained more or less unchanged and inventories could even have increased. The French, Italian and overall EMU GDP growth rates are likely to have decreased somewhat too in Q3.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 14 | 07:00 | Consumer Price Index (YoY) | 2.4% | 2.4% | 2.9% |
| Nov 14 | 07:00 | Consumer Price Index (MoM) | -0.2% | -0.2% | -0.1% |
German CPI continues on the path of moderation in October (FXstreet.com)
Consumer prices continue moderating their growing paces in Germany, on the back of the recent sharp decline in mineral oil prices, in October, annual inflation has dropped to the lowest level since March, according to data by German Statistics.
[ Full Story ]- Read the CPI data at German Statistics
- DATA SNAP: German Final Oct CPI −0.2% On Month; +2.4% On Yr (Dow Jones)
- TABLE−German Oct CPI confirmed at −0.2 pct m/m,+2.4 pct y/y (Thomson Financial News)
- Germany Consumer Price Index declines 0.2% in Oct; 2.4% up year on year (FXstreet.com)
EMU economic indicators - German consumer price inflation in October will probably be confirmed as well at –0.2% by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 13 | 18:30 | EMU | ECB Trichet's Speech | |||
| 19:00 | US | Monthly Budget Statement (Oct) | -237.2B | 99.0B | 45.7B | |
| Nov 14 | 07:00 | DE | Consumer Price Index (MoM) (Oct) | -0.2% | -0.2% | -0.1% |
| 07:00 | DE | Consumer Price Index (YoY) (Oct) | 2.4% | 2.4% | 2.9% | |
| 10:00 | EMU | Consumer Price Index − Core (YoY) (Oct) | 1.9% | |||
| 10:00 | EMU | Consumer Price Index (MoM) (Oct) | 0.1% | 0.2% | ||
| 10:00 | EMU | Consumer Price Index (YoY) (Oct) | 3.2% | 3.6% | ||
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (3Q)  | -0.1% | -0.2% | ||
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (3Q) | 0.7% | 1.4% | ||
| 13:30 | EMU | ECB Trichet's Speech | ||||