Thursday, Nov 12, 08:40 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: The Weather Report: Ichimoku Cloud Trading by Chris Capre
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: Expected breakout on the consolidation by Dr. S. Sivaraman
EURO and GBP made the swing and slide during yesterday US session to make again gain of levels to slide during start of japanese session. Euro and GBP are expected to make swings between high and low during start of European session and slide till mid European session to drop quickly from mid till end of European session.
Chartology: USD/CAD Heading Lower as Trend Continues… by Raghee Horner
FX Path: USD/CHF - Bearishness Approaches 15-Month Low by James Chen
Sponsored by 
Live Sessions Schedule
London Session Scenarios on GBPUSD & GBPJPY − Free Access Day
Expert: Mihai Marinescu
Start: Thu, Nov 12, 09:00 GMT
Type of Session: Webinar
US Pre−Market Open − Free Access Day
Expert: Ed Ponsi
Start: Thu, Nov 12, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 12, 05:00 GMT | Asian Session: Live Market Analysis − Free Access Day | Dr.S.Sivaraman | WBN |  |
| Thu, Nov 12, 09:00 GMT | London Session Scenarios on GBPUSD & GBPJPY − Free Access Day | Mihai Marinescu | WBN | |
| Thu, Nov 12, 11:00 GMT | Trading Break Out's And Other Market Views − Free Access Day | Phil Newton | WBN |  |
| Thu, Nov 12, 12:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
Current Session: Europe
Cable is holding above immediate trendline support and 9−day moving average
Mizuho Corporate Bank − Sterling sold across the board as the Bank of England governor again suggests a weak pound will help economic recovery. Nevertheless Cable is holding above immediate trendline support and the 9−day moving average. Expect it to try and hold above here today and move back toward 1.6750 again.
EUR/USD
Daily Forex Outlook − The Euro, under correction mode expected to move close to 1.4880 by India Forex Advisors
The Euro looks under a correction mode and expected to move close to 1.4880 levels in a day or two. Cautious buyings can be done close to those levels.The resistance of 1.5050 should hold for few sessions at least.
AUD/USD
AUD/USD exploded from 0.9310 to finally fizzle out near 0.9370 by FOREX.com
AUD/USD exploded from 0.9310 to finally fizzle out near 0.9370 after the data, while AUD/JPY jumped 60 pips to 84.20 and AUD/NZD flew from 1.2550 to eventual highs in the 1.2630 neighborhood.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Event of the Day
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 12 | 10:00 | Industrial Production w.d.a. (YoY) | - | -14.2% | -15.4% |
| Nov 12 | 10:00 | Industrial Production s.a. (MoM) | - | 0.6% | 0.9% |
EMU economic indicators - EMU industrial production (September): Unchanged by BHF−Bank
[ 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 11 | 23:50 | JP | Domestic Corporate Goods Price Index (YoY) | -6.7% | -6.0% | -8.0% |
| Nov 12 | 00:30 | AU | Employment Change | 24.5K | -10.1K | 39.8K |
| 00:30 | AU | Unemployment Rate | 5.8% | 5.8% | 5.7% |
|
| 04:00 | JP | Tokyo Condominium Sales (YoY) (Oct) | -20.0% | -6.2% | ||
| 09:00 | EMU | ECB Monthly Report | ||||
| 10:00 | EMU | Industrial Production s.a. (MoM) | 0.6% | 0.9% | ||
| 10:00 | EMU | Industrial Production w.d.a. (YoY) | -14.2% | -15.4% | ||
| 10:00 | CH | ZEW Survey − Expectations | 65 | |||
| 13:30 | US | Continuing Jobless Claims (Oct 31) | 5700K | 5749K | ||
| 13:30 | CA | New Housing Price Index (MoM) | 0.2 | 0.1 | ||
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