Friday, Nov 21, 08:28 GMT
EUROPEAN Trading Newsletter
Forex Essentials Course
21 lessons to get started in the Forex Market by LearningMarkets.com
From the Basics to the Portfolio Management, going through key topics for your learning such as Margin and Leverage, Support and Resistance, Fibonacci Analysis or Reversal Patterns. Specially built for beginners and for those who want to refresh their knowledge.
Definitely an extensive review of the Forex that you can't miss.
More educational resources in the education section
To Get Started
- Webinar Videos: Tell me the Fibonacci ratios don't work - Harmonic Patterns by Sunil Mangwani
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: EUR/USD − Prolonged Triangle with Bearish Bias by James Chen
This is an evening blog post after the second busy day of events at the International Traders Expo. I have been watching the rough triangle consolidation form within the past couple of weeks and days, and the borders of this triangle have been holding true thus far.
Forex Trading Today: Why I still Love my Nemesis…Gold by Tim Salem
FX Market Readings: Expected market moves for week end… by Dr. S. Sivaraman
Live Sessions Schedule
Introduction to Trading Risk Control
Expert: Carlos Rocha
Start: Fri, Nov 21, 13:00 GMT
Type of Session: Webinar
Topics
− Diversify Positions
− Proper Trading Position
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Nov 21, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Fri, Nov 21, 12:00 GMT | Moving Averages | Valeria Bednarik | WBN | |
| Fri, Nov 21, 13:00 GMT | Introduction to Trading Risk Control | Carlos Rocha | WBN | |
Current Session: Europe
EUR/USD
Currency Majors Technical Analysis − EUR USD is in an downtrend directed by daily exponential moving averages by Mataf.net
1,2524. EUR USD is in an downtrend directed by daily exponential moving averages. EUR USD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 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 − Dollar and Yen Pare Overnight Gains as Stocks Rebound by ActionForex.com
USD/JPY dives further to as low as 93.55 before recovering mildly. At this point, intraday bias remains on the downside as long as 96.24 minor resistance holds.
USD/CAD
Trading News Report − USD/CAD: Trading the Canadian Consumer Price Index by FXCM
As risk sentiment continues to drive price action in the forex market, increased selling pressures for the Canadian dollar could spark a rally in the USDCAD as investors hold a bearish outlook for the commodity bloc
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 PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Nov 21 | 09:00 | Purchasing Manager Index Services | 45.2 | 45.8 |
EMU economic indicators - RBS PMI manufacturing indices Germany and EMU (November): down by BHF−Bank
The RBS purchasing managers' index for the German and EMU manufacturing sector will probably have continued deteriorating in November, just like most of the correlated business climate indicators.
[ Full Story ]Daily Forex Technical Report − Dollar and Yen Pare Overnight Gains as Stocks Rebound by ActionForex.com
Top Market Movers Review
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 21 | 04:46 | BoJ Interest Rate Decision | 0.3% | - | 0.3% |
Forex Technical Report - Pressure Mounting for Action by the Bank of Japan by ForexHound.com
Japanese Yen traders fear an intervention by the Bank of Japan if the Yen continues to appreciate. The problem is no one knows at which level the Bank of Japan will act. Traders cite the recent forecasts by Japanese automakers of profit declines in 2009 as the main reason for the need for an intervention at this time.
[ Full Story ]- JGB futures trim gains on Nikkei's late surge, BOJ (Thomson Financial News)
- UPDATE 3−BOJ holds rates, eyes market operations (Thomson Financial News)
- UPDATE 2−BOJ holds rates, eyes market operations (Thomson Financial News)
Forex Technical Report - Bank of Japan Could Be a Factor if Yen Continues to Appreciate by ForexHound.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 20 | 21:45 | NZ | Visitor Arrivals (Oct) | 0.7% | -6.0% | |
| Nov 21 | 02:00 | NZ | Credit Card Spending (Oct) | 0.5% | 2.7% | |
| 04:46 | JP | BoJ Interest Rate Decision | 0.3% | 0.3% | ||
| 08:27 | JP | BoJ Press Conference | ||||
| 08:30 | DE | Purchasing Manager Index Manufacturing (Nov)  | 42.0 | 42.9 | ||
| 08:30 | DE | Purchasing Manager Index Services (Nov) | 47.8 | 48.3 | ||
| 09:00 | EMU | Purchasing Manager Index Manufacturing (Nov) | 40.5 | 41.1 | ||
| 09:00 | EMU | Purchasing Manager Index Services (Nov) | 45.2 | 45.8 | ||
| 11:00 | CA | Consumer Price Index (YoY) (Oct) | 3.4% | 3.4% | ||
| 12:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Oct) | 0.0% | 0.4% | ||