Thursday, Nov 20, 08:34 GMT
EUROPEAN Trading Newsletter
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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
FX Path: USD/JPY − Continued Triangle Consolidation by James Chen
As shown on the accompanying USD/JPY daily chart, price action on this key pair has formed a large triangle−type consolidation, much like the EUR/USD has been in recent days and weeks.
Forex Trading Today: The Other Woman I Love... Gold by Tim Salem
FX Market Readings: Can EURO and GBP recover again? by Dr. S. Sivaraman
Live Sessions Schedule
MONTHLY WEBINAR: Forex in Five: Full time strategies for part time traders − Part 1
Expert: Raghee Horner
Start: Thu, Nov 20, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 20, 14:00 GMT | MONTHLY WEBINAR: Forex in Five: Full time strategies for part time traders − Part 1 | Raghee Horner | WBN |  |
| Thu, Nov 20, 16:00 GMT | MONTHLY WEBINAR: Forex in Five: Full time strategies for part time traders − Part 2  | Raghee Horner | WBN | |
| Fri, Nov 21, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Nov 21, 11:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
Current Session: Europe
EUR/USD
Currency Majors Technical Analysis − EUR USD broke 1,2590 support by Mataf.net
1,2506. EUR USD broke 1,2590 support. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD.
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USD/JPY
Daily Forex Technical Report − Risk Aversion Back as Stocks Tumble on Recession and Deflation Worry by ActionForex.com
USD/JPY's break of the intraday trend line support with 4 hours MACD dragged down signal line argues that fall from 100.54 might be resuming. Intraday bias is now mildly on the downside and near term focus is turned to 94.47 minor support.
STOCK MARKETS
Technical Trader Closing Brief − Climactic−Type Selling by The Technical Trader
Net on the day the Dow closed under 8000 at 7997, down 427.47. The S&P 500 slipped 52.54 to 806.58, and the Nasdaq 100 slipped under 1090, closing at 1087.60, down 68.50.
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Nov 20 | 09:30 | Retail Sales (MoM) | -0.8% | -0.4% |
Friday Notes - Spending set to contract further by HVB Group
Following a decline in September, the growth of retail sales for Q3 pointed to a loss of momentum of retail spending. Still, survey indicators point to an even faster pace of decline. Consumption fundamentals are indeed weakening by the day, in the wake of a weak labor market and wage dynamics, falling asset prices and impaired lending availability.
[ Full Story ]Top Market Movers Review
Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 20 | 07:15 | Trade Balance | 1.84B | - | 1.44B |
INSTANT VIEW 2−Swiss exports fall 8.1 pct in Oct (Thomson Financial News)
Exports from Switzerland fell by a real 8.1 percent in October to 18.2 billion Swiss francs ($15.10 billion) on the year, the Federal Customs Office said on Thursday.
[ Full Story ]- INSTANT VIEW 1−Swiss exports fall 8.1 pct in Oct (Thomson Financial News)
- Switzerland Trade Balance rises to 1.84B in Oct from 1.44B in Sept (FXstreet.com)
US FOMC MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 19 | 19:00 | FOMC Minutes | - | - | - |
Daily Forex Technical Report − A Busy Day Featuring BoE and FOMC Minutes by ActionForex.com
FOMC minutes, on the other hand, is expected to elaborate on the perceived dovish bias of Fed and provide details of the discussions between board members, including those in the intermeeting cut before Oct 29. Markets are pricing in 90% chance of another 50bps cut from Fed on Dec 16 and the minutes will likely have little impact to this view based on current economic and inflation outlook.
[ Full Story ]- Read the FOMC Minutes at Board of Governors of the Federal Reserve
- FACTBOX−Fed staff forecasts from FOMC minutes (Thomson Financial News)
- U.S. futures sink; eyes on banks, autos, CPI, FOMC (Thomson Financial News)
Daily Market Commentary - Dollar Soars as S&P500 Hits 5 Year Lows by GFT (Global Forex Trading)
Daily Currency Market Focus - Currencies Setting Up for a Major Breakout − FOMC Minutes Could be Trigger by GFT (Global Forex Trading)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 20 | 00:30 | AU | RBA Foreign Exchange Transaction (Oct) | -3.25B | 407.00M | |
| 07:00 | DE | Producer Price Index (MoM) (Oct) | 0.0% | -0.7% | 0.3% | |
| 07:00 | DE | Producer Price Index (YoY) (Oct) | 7.8% | 7.2% | 8.3% | |
| 07:15 | CH | Trade Balance (Oct) | 1.84B | 1.44B | ||
| 09:30 | UK | M4 Money Supply (MoM) (Oct)  | 0.8% | 1.5% | ||
| 09:30 | UK | M4 Money Supply (YoY) (Oct) | 12.4% | |||
| 09:30 | UK | M4 Sterling Lending (Oct) | £33.1B | |||
| 09:30 | UK | Public Sector Net Borrowing (Oct) | £0.5 | £8.1B | ||
| 09:30 | UK | Retail Sales (MoM) (Oct) | -0.8% | -0.4% | ||
| 09:30 | UK | Retail Sales (YoY) (Oct) | 1.5% | 1.8% | ||