Wednesday, Nov 11, 08:33 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
FX Bootcamp: FOREX VIDEO − New York Session Review − November 10, 2009 by Curt Wehrley
The clue to the best move of the day on the EUR/USD currency pair came from U.S. dollar index futures during today's New York session. A 50−pip short trade on the euro was the highlight of an otherwise humdrum ending to the trading day.
FX Path: USD/JPY - Triangle Consolidation within Downtrend by James Chen
The disciplined trader: EUR/USD at important trend line - More trading 101 by Pierre Charlebois
Sponsored by 
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Nov 11, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Nov 11, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 11, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Nov 11, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Nov 11, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Nov 11, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
Forex Ltd − USD/JPY Current price: 89.93. The estimated test of key resistance range levels for implementation of the pre−planned short positions has not exactly been confirmed, however the result of the previous trading day marked by OsMA trend indicator gives grounds for preservation of earlier designed trading plans with slight adjustment. Namely, as earlier we can assume probability of rate return to channel line 2 at 90,00/20 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval.
EUR/USD
EUR/USD marked at 1.5015 by FOREX.com
The initial wave of dollar selling pushed the EUR/USD to highs that were shy of the 1.5015 mark.
GBP/USD
Currency Trading News by DailyFX
The British pound, while ultimately closing the session close to where it began, was one of the most active currencies for the day...
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
UK BANK OF ENGLAND QUARTERLY INFLATION REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 11 | 10:30 | Bank of England Quarterly Inflation Report | - | - | - |
Economics Weekly - Focus on EU economic trends and BoE Inflation Report by Lloyds TSB Financial Markets
UK financial market attention will be focused on the Quarterly Inflation Report, where we look for justification for the MPC decision to leave rates on hold and increase QE by £25bn.
[ 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. Excluding petroleum products, the trade balance was probably little changed as exports and imports were both lifted by the solid recovery of the US and global economy in autumn.
[ 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 | 23:30 | AU | Westpac Consumer Confidence (Nov) | -2.5% | 1.7% | |
| 23:50 | JP | Core Machinery Orders (MoM) (Oct) | 10.5% | 4.2% | 0.5% | |
| Nov 11 | 00:00 | CA | Remembrance Bank Holiday | |||
| 00:00 | US | Veterans Day Bank Holiday | ||||
| 09:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Sep) | 1.8% | 1.9% | ||
| 09:30 | UK | Claimant Count Rate | 5.1% | 5.0% | ||
| 09:30 | UK | ILO Unemployment Rate (3M) (Sep) | 8.0% | 7.9% | ||
| 09:30 | UK | Jobless Claims Change | 20.2K | 20.8K | ||
Educational Resources
Properly Thinking the Forex Market
One of the main problems new traders have when they begin their journey down the education path to self empowerment is that they skip the most important first step: How to properly "think" money and markets. Today, let's take a walk through the history of one of the best trending markets in the world, Forex. It is an important first step in properly thinking the Forex markets which is key when attaining an edge in anything we do. The more prepared we are, the more we understand, the better the results. Read Sam Seiden's article
Also in this week's Lessons From the Pros
The Latest Indicators are Out and this Could be an Opportunity of a Lifetime by Diana Hill