Monday, Nov 09, 08:47 GMT
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Forex Blogs
FX Market Readings: Week beginning −false moves by Dr. S. Sivaraman
EURO and GBP made the risk aversion move (drop) after NFP data and subsequently made usd weakening move (rise) towards close for week end. EURO and GBP made the quick rise during gap time and swing and rise during early and mid Japanese session.They are expected to slide after breif upward stop hunt duyring late Japanese session.
FxBootcamp: FOREX VIDEO - European Outlook November 9th 2009 by David R Pegler
ForexHedge: US Dollar Funding Carry Trade by Ron Schelling
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Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Nov 9, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Nov 9, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 9, 10:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Nov 9, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Nov 9, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Mon, Nov 9, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EURUSD: Looks To Trade Towards The 1.5000 Level & Beyond
FXTechstrategy − Risk continues to build to the upside having halted its corrective declines initiated off the 1.5062 level.
The current price development is coming on the back of a turn ahead of its rising LT trendline drawn off the 1.2456 level. The mentioned strength has taken back half of its declines from 1.5062 to 1.4626 and suggests that a follow through higher could seen the coming. This view comes with one caveat which is EUR's present shaky hold above the 1.4844 level must be solidified to validate our upside scenario and bring further gains towards its psycho level at 1.5000 ahead of its YTD high at 1.5062.
GBP/USD
A weekly close above 1.6835 will really increase bullish momentum by Mizuho Corporate Bank
Almost, but not quite, a weekly close above important resistance around 1.6665. As other currencies are doing something similar we shall hope for a weekly close above 1.6835 which will really increase bullish momentum.
YEN CROSSES
The Yen was dumped in Asia as well by FOREX.com
The Yen was dumped in Asia as well, with the crosses well bought throughout the day. USD/JPY was back over the 90.00 level for most of the session, looking to enter into the London trade day right at the figure.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , Financial Trend Analysis , KBC , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Event of the Day
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 9 | 11:00 | Industrial Production s.a. (MoM) | - | 1.3% | 1.7% |
| Nov 9 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | - | - | -16.8% |
Friday Notes - Industrial Production: Will continue to recover by UniCredit Group
The order situation in manufacturing has recovered strongly in recent months.
[ Full Story ]Event of the Week
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 13 | 13:30 | Trade Balance | - | -$32.0 | -$30.7B |
Friday Notes - Trade deficit to widen again slightly by UniCredit Group
Crude oil prices fell by about 4% between August and September. But this should have been more than offset by a rebound in the quantity of imported oil, which dropped by more than 10% in August.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 9 | 00:30 | AU | ANZ Job Advertisements (Oct) | -1.7% | 4.4% | |
| 00:30 | AU | Home Loans (Sep) | 5.1% | 3.1% | -1.9% |
|
| 00:30 | AU | Investment Lending (Sep) | -0.1% | 7.6% | ||
| 07:00 | DE | Trade Balance (Sep) | 10.6B | 12.3B | 8.1B |
|
| 09:30 | EMU | Sentix Investor Confidence (Nov) | -9.8 | -12.6 | ||
| 11:00 | DE | Industrial Production s.a. (MoM) (Sep) | 1.3% | 1.7% | ||
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Sep) | -16.8% | |||
| 13:15 | CA | Housing Starts s.a (YoY) (Oct) | 157.0K | 150.1K | ||
| 21:34 | NZ | Credit Card Spending (Oct) | -2.3% | |||
| 23:50 | JP | Money Supply M2+CD (YoY) (Oct) | 3.2% | 3.0% | ||
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