Tuesday, Nov 10, 08:44 GMT
EUROPEAN Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
To Get Started
- Learn forex trading and put in practice your skills with the Learning Center. New Chapter available!: C01 - Developing a Trading System
- Real-Time Economic Calendar: New 2.0 Design with upgraded charts and sound notifications
- WEBINAR VIDEOS: Asian Session: Live Market Analysis by Dr.S.Sivaraman
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
FX Market Readings: The week beginning false move of yesterday is now understood by Dr. S. Sivaraman
EURO and GBP made quick rises for week beginning.The rise was identified as the players were rising and takeing sell positions before the drop.But that gave the impression that market could rise further.
The Day Job Trader: GBP/USD Trading Along Key Resistance at $1.67 by Ryan O'Keefe
The Disciplined Trader: Trading 101 - Stick to the basics. You’ll find great trade opportunities by Pierre Charlebois
Sponsored by 
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Nov 10, 15:00 GMT
Type of Session: Webinar
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Nov 10, 17:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 10, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Nov 10, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Nov 10, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Nov 10, 17:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
Current Session: Europe
Very close to this year's high at 1.5064 amid generalised US dollar weakness
Mizuho Corporate Bank − Very close to this year's high at 1.5064 amid generalised US dollar weakness. The Euro is not overbought and bullish pressure has increased slightly, as should implied volatility. High futures volume over the last two weeks suggest many are new to the party.
Strategy: Attempt small longs at 1.5000, adding to 1.4950; stop below 1.4750. Short term target this year's high at 1.5064, then more
GBP/USD
Cable lost 150 points as Fitch Agency said UK could lose the AAA rating by InnerFX
Yesterday's gains have been cleared by current pullback, short−term sentiment remains bullish and fresh buying opportunities emerged into the lower 1.6600 territory.
OIL
Crude has bounced off its short term, 38% fib level at 78.85 by Charmer Charts.com
Crude has bounced off its short term, 38% fib level at 78.85 and if gains can be maintained above here this market will trade higher. The short and longer term charts are both showing a move to the topside.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Event of the Day
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 10 | 10:00 | ZEW Survey − Economic Sentiment | - | 55.2 | 56.0 |
EMU economic indicators - German ZEW economic sentiment (November): slight rebound by BHF−Bank
The German ZEW economic sentiment is likely to have rebounded in November.
[ 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 ]US economic indicators - Trade balance (Sep): widening deficit by BHF−Bank
The Week Ahead - Jobless Claims, Federal Budget, UMI Sentiment and Trade Balance by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 10 | 05:00 | JP | Eco Watchers Survey: Outlook (Oct) | 42.8 | 44.5 | |
| 06:00 | JP | Machine Tool Orders (YoY) (Oct)  | -42.6% | -62.1% | ||
| 07:00 | DE | Consumer Price Index (MoM) (Oct) | 0.1% | 0.1% | -0.4% | |
| 07:00 | DE | Consumer Price Index (YoY) (Oct) | 0.0% | 0.0% | -0.3% | |
| 09:30 | UK | DCLG House Price Index (YoY) (Sep) | -4.9% | -5.6% | ||
| 09:30 | UK | Goods Trade Balance (Sep) | -£6.1B | -£6.2B | ||
| 09:30 | UK | Visible Trade Balance (Sep) | -£6.1B | -£6.3B | ||
| 10:00 | DE | ZEW Survey − Economic Sentiment (Nov) | 55.2 | 56.0 | ||
| 10:00 | EMU | ZEW Survey − Economic Sentiment (Nov) | 58.9 | 56.9 | ||
| 21:45 | NZ | Food Price Index (MoM) (Oct) | -0.7% | |||
Educational Resources
They can... what about me? Forex opportunities
Today everyone is trying to earn as much money as they can and most of them do forget all the other things that matter in life. Even though some of them succeed by becoming millionaires, greed acts an important role on their life. How do we cope with greed, our emotions depend on our personal characteristics. Read Tomas Cedavicius' article
Related Resources
Man vs. Market - Ebook by Rob Booker
The Psychology of Trading − The Mind of the Market - Report by Joseph Trevisani