Tuesday, Nov 18, 08:44 GMT
EUROPEAN Trading Newsletter
Rates and charts new section
Chart Station by Netdania/FXCM micro in the place!
Compare up to 22 different pairs at the same time, detach them, move them around, see them full screen size... and much more!
7 chart types, 13 different time frames, flexible line tools and 23 technical indicators that can be laid over the price action.
To Get Started
- Webinar Videos: Trading Break Out's And Other Market Views by Phil Newton
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
Forex Trading Today: Our relationship may be "Crude"... but it works for Us! by Tim Salem
OK... back to the First Lady of my love Triangle... Crude Oil! (Yes... Gold will be fine... she's cheating on me anyway... with some guy named I.M.A. Hedge Fund... Monday, we saw Price action continue to weaken about 2% or so off of Friday's Close.
FxBootcamp: Pre London Outlook November 18th 2008 by Wayne McDonell
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Nov 18, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Nov 18, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 18, 11:00 GMT | Tell me the Fibonacci ratios don't work − Harmonic Patterns  | Sunil Mangwani | WBN |  |
| Tue, Nov 18, 12:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Tue, Nov 18, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Nov 18, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − Euro continues to consolidate and look for direction by E−Forex
The climb to 1.2740 on yesterday doesn't provide any clue regarding further price action as the Euro continues to consolidate and look for direction. Intraday resistance is formed at 1.2740 followed by 1.2800 and 1.2920. Support starts at 1.2600 backed by 1.2525 and 1.2420. Daily sentiment is neutral while intraday studies are slightly bullish at the time of this writing.
.
GBP/USD
Daily Currency Market Focus − Undervalued currency sees strong rebound by GFT (Global Forex Trading)
Since the middle of July, the British pound has fallen more than 27 percent. In past editions of the Daily Currency Focus we said that 1.55 is the approximate fair value level for the GBP/USD.
GBP/USD
Daily Currency Market Focus − Yen Gains as Stocks Fall by GFT (Global Forex Trading)
Since the middle of July, the British pound has fallen more than 27 percent. In past editions of the Daily Currency Focus we said that 1.55 is the approximate fair value level for the GBP/USD.
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
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Nov 18 | 09:30 | Consumer Price Index (MoM) | 0.1% | 0.5% |
| Nov 18 | 09:30 | Consumer Price Index (YoY) | 4.9% | 5.2% |
UK DATA WEEKAHEAD−Inflation, BoE minutes and retail sales (Thomson Financial News)
Economists expect a fall in the CPI inflation rate for October, a reversal in inflation pressures from last month when CPI reached its highest level on record since 1997.
[ Full Story ]Daily Forex Technical Report − Focusing Turning to UK CPI by ActionForex.com
Trading News Report - GBPUSD: Trading the U.K. Consumer Price Index by FXCM
Top Market Movers Review
Switzerland ADJUSTED REAL RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 18 | 08:15 | Adjusted Real Retail Sales (YoY) | 6.4% | 0.0% | 0.0% |
Swiss retail sales pick up strongly in September (FXstreet.com)
The global economic slowdown does not seem to be seriously affecting Swiss consumption, retail sales have posted a strong increase in September, according to figures released by the Swiss Statistics Office.
[ Full Story ]- Read the Retail Sales data at Swiss Federal Statistical Office
- TABLE−Swiss retail sales up 6.4 pct in Sept yr/yr (Thomson Financial News)
- Switzerland Adjusted Real Retail Sales increase 6.4% in Sep after flat in August (FXstreet.com)
Australia RBA MEETING'S MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 18 | 00:30 | RBA Meeting's Minutes | - | - | - |
Aussie dlr slips as RBA frets over economic risks (Thomson Financial News)
The Australian dollar eased further on Tuesday as dovish comments from the country's central bank were taken as leaving the door open for further sharp cuts in interest rates. Minutes of the Reserve Bank of Australia's (RBA) November meeting showed it was increasingly worried about the impact that a deteriorating global outlook and the destruction of household wealth were having on business and consumer confidence.
[ Full Story ]- Read the RBA Meeting at Reserve Bank of Australia
- UPDATE 1−Australia c.bank shows sense of urgency in easing (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 18 | 00:30 | AU | RBA Meeting's Minutes (Nov) | |||
| 05:00 | JP | Coincident Index (Sep) | 100.9% | 100.6% | ||
| 05:00 | JP | Leading Economic Index (Sep) | 89.4 | 89.0 | ||
| 08:15 | CH | Adjusted Real Retail Sales (YoY) (Sep) | 6.4% | 0.0% | 0.0% | |
| 09:30 | UK | Consumer Price Index (MoM) (Oct) | 0.1% | 0.5% | ||
| 09:30 | UK | Consumer Price Index (YoY) (Oct) | 4.9% | 5.2% | ||
| 09:30 | UK | Core Consumer Price Index (YoY) (Oct) | 2.2% | 2.2% | ||
| 09:30 | UK | Retail Price Index (MoM) (Oct) | 0.1% | 0.6% | ||
| 09:30 | UK | Retail Price Index (YoY) (Oct) | 4.6% | 5.0% | ||
| 10:00 | EMU | Construction Output s.a (MoM) (Oct) | 0.1% | |||