Wednesday, Nov 19, 08:41 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
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Forex Blogs
1st on Forex: CPI − Housing Starts − FOMC Minutes − To Break Trend? by Jerry Furst
The Dollar may be poised to retrace as several bad numbers are out again so far this week, GM is still teetering on either Bankruptcy or Bailout, and Wednesday is bringing CPIand Housing Data that may poke the charts around a bit.
FxBootcamp: Pre London Outlook November 19th 2008 by Wayne McDonell
Forex Trading Today: Crude Oil and I... A Marriage? or a Passing Fling?
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Nov 19, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
The FX Bootcamp Guide to Strategic and Tactical Forex Trading − Book Presentation
Expert: Wayne McDonell
Start: Wed, Nov 19, 15:00 GMT
Type of Session: Showroom
| Sponsored by | ||||
| Wed, Nov 19, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Nov 19, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
| Wed, Nov 19, 12:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Wed, Nov 19, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.2623) Could not sustain below 1.2527 by KBC Bank
Drop from 1.3294 could not sustain below 1.2527 and toying with channel top off 1.4867 (see graph): Support area at 1.2565/ .2544 (reaction lows hourly), with next levels at 1.2512/ .2503 (current week low/ daily envelope bottom): tough on 1st attempts.
If wrong, next levels at 1.2448 (reaction low hourly) and 1.2396/ .2388 (daily Bollinger bottom/ last week low).
.
GBP
Daily U.S. Forex Summary − The British pound fell against the dollar and euro today with UK inflation data by Union Bank of California
The British pound fell against the dollar and euro today with UK inflation data.
Data showed that annual CPI eased to 4.5% in October from a 16−year high of 5.2% in September. This gives the Bank of England more room to further cut interest rates in order to bolster the economy.
EUR/CHF
Pairs to Range Trade − Clear Wedge Boundaries And Balanced Fundamentals Set Up EURCHF Range by FXCM
EURCHF is in a state of flux. The dominant trend still holds with the three month bear trend. At the same time, the correction since late October has been significant and developed into a clear ascending wedge.
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
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Nov 19 | 13:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.1% |
| Nov 19 | 13:30 | Consumer Price Index (YoY) | 4.1% | 4.9% |
| Nov 19 | 13:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.4% | 2.5% |
| Nov 19 | 13:30 | Consumer Price Index (MoM) | -0.8% | 0.0% |
US economic indicators - PPI and CPI (Oct): sharp declines due to correction in energy prices by BHF−Bank
Falling energy prices will have had a major impact on October inflation data. We already know that import prices fell by 4.7% mom. The annual rates are falling rapidly, and CPI could be below 2% yoy at the end of Q1/2009.
[ Full Story ]Top Market Movers Review
Australia NEW MOTOR VEHICLE SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 19 | 00:30 | New Motor Vehicle Sales (MoM) | -0.5% | - | 0.4% |
Australia motor vehicle sales fell 0.5 pct in Oct (Thomson Financial News)
Sales of new motor vehicles in Australia fell 0.5 percent in October, the Australian Bureau of Statistics said on Wednesday, the fourth straight month of falls as turmoil in financial markets turned consumers cautious. In October, 80,366 vehicles were sold on a seasonally adjusted basis, down from 80,762 in September. Sales were down a steeper 10.6 percent from the same month a year earlier.
[ Full Story ]- Read the Vehicle Sales (MoM) at Australian Bureau of Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 18 | 22:00 | US | ABC/Washington Post Consumer Confidence (Nov 16) | -52 | -49 | -50 |
| 23:50 | JP | All Industry Activity Index (MoM) (Sep) | -0.1% | -0.1% | -1.8% | |
| Nov 19 | 00:30 | AU | New Motor Vehicle Sales (MoM) (Oct) | -0.5% | 0.4% | |
| 00:30 | AU | New Motor Vehicle Sales (YoY) (Oct) | -10.6% | -8.2% | ||
| 09:30 | UK | Bank of England Minutes | ||||
| 09:30 | AU | RBA's Governor Glenn Stevens Speech | ||||
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Nov) | -41 | -39 | ||
| 12:00 | US | MBA Mortgage Applications (Oct) | 11.9% | |||
| 13:30 | US | Building Permits (MoM) (Oct) | 0.775M | 0.786M | ||
| 13:30 | CA | Canadian Investment in Foreign Securities (Sep) | $0.172B | |||