Friday, Nov 13, 08:34 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
- Financial Trend Analysis leads the Top 10 reports on FXstreet.com. Read the full comment.
- Real-Time Economic Calendar: New 2.0 Design with upgraded charts and sound notifications
- WEBINAR VIDEOS: Economic and Technical View of the Currency Market by Rob Booker
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: Can the slide and drop continue? by Dr. S. Sivaraman
Euro and GBP made the slide and drop during yesterday US session. Can the slide and drop continue? Yes, it appears in the market − brief swings during session start,holding during mid session and slide towards close of the session could be seen in all the 3 sessions of the day.
The Disciplined Trader: EUR/USD - Is a new trend forming? by Pierre Charlebois
ForexHedge: If the Gold Price Explodes, Silver Will go SuperNova! by Ron Schelling
Sponsored by 
Live Sessions Schedule
What Traders Need to Know About Indicator Failure in Technical Analysis | Forex Trading
Expert: Mark Whistler
Start: Fri, Nov 13, 11:00 GMT
Type of Session: Webinar
Tracking the forex market together / Part II
Expert: Dr.S.Sivaraman
Start: Fri, Nov 13, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Nov 13, 09:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Fri, Nov 13, 10:00 GMT | Trading the Harmonic patterns  | Sunil Mangwani | WBN |  |
| Fri, Nov 13, 11:00 GMT | What Traders Need to Know About Indicator Failure in Technical Analysis | Forex Trading | Mark Whistler | WBN | |
| Fri, Nov 13, 12:00 GMT | Understanding Your Competition | Sam Seiden | WBN | |
Current Session: Europe
Topside is looking to be contained by resistance located at 1.4910 to 1.4940
FXstreet.com Independent Analyst Team − Eur/Usd broke lower and came down to 1.4820. You have seen the market bounce from these lows today, but the topside is looking to be contained by resistance located at 1.4910 to 1.4940. Within this band sellers will start to take an interest and will be looking to drive this lower for 1.4850/20 once more.
Within this support band cover all shorts. Sellers will look to re−sell if the market breaks 1.4805. This would provoke a move lower 1.4785 initially. This region offers good support and sellers will be looking to cover.
GBP/USD
Cable held above immediate trendline support and the 9−day moving average by Mizuho Corporate Bank
Almost too textbook to be true! Cable held above immediate trendline support and the 9−day moving average, forming a ‘doji' candle in the process. This should help it move back toward 1.6750/1.6800 again.
AUD/USD
AudUsd tested the highs of 0.9367 and supported simply by the bullish gold by India Forex Advisors
AudUsd tested the highs of 0.9367 and supported simply by the bullish gold. We are seriously overbought both in terms of gold , crude and aussie which would lead to a meltdown soon
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Event of the Day
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
Event of the Week
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 10 | 10:00 | ZEW Survey − Economic Sentiment | 51.1 | 54.0 | 56.0 |
Top Fundamental Stories - Euro zone ZEW survey for economic sentiment declines by ecPulse.com
The euro zone's ZEW survey, regarding economic sentiment, slipped after rising lately; this meant that European confidence was still shaky, despite latest measures taken by the government and European Central Bank (ECB).
[ Full Story ]- Read the Economic Sentiment data at ZEW Institute
- Forex: EUR/USD sheds some gains as German business sentiment drops (FXstreet.com)
- UPDATE: Nov ZEW Econ Expectations 51.1 Vs 56.0 In Oct (Dow Jones)
- DATA SNAP: Nov ZEW Econ Expectations 51.1 Vs 56.0 In Oct (Dow Jones)
Daily Forex Strategy Briefing - EUR/USD at Important Resistance by CMS Forex
Fundamental Currencies Comments - The Dollar Inches Up After European Data by ecPulse.com
European Market Update - German ZEW suggest that recovery is fragile by TradeTheNews.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 13 | 07:00 | DE | Gross Domestic Product n.s.a (YoY) (3Q)  | -4.7% | -5.0% | -7.0% |
| 07:00 | DE | Gross Domestic Product s.a (QoQ) (3Q) | 0.7% | 0.8% | 0.4% |
|
| 08:15 | CH | Producer and Import Prices (MoM) (Oct) | -0.4% | 0.1% | 0.2% | |
| 08:15 | CH | Producer and Import Prices (YoY) (Oct) | -4.7% | -4.1% | -4.9% | |
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (3Q) | 0.5% | -0.2% | ||
| 13:30 | US | Import Price Index (MoM) | 1.1% | 0.1% | ||
| 13:30 | US | Import Price Index (YoY) | -5.5% | -12.0% | ||
| 13:30 | CA | International Merchandise Trade (Sep) | -$0.8B | -$2.0B | ||
| 13:30 | CA | New Motor Vehicle Sales (MoM) | 0.1% | -0.3% | ||
| 13:30 | US | Trade Balance | -$32.0 | -$30.7B | ||
Educational Resources
Indicators have both their advantages and their disadvantages. Most new traders think that all that is needed to be consistently profitable in the Forex markets is to follow the signals of when to buy and sell when the indicator gives them, and then the rest will just work itself out. Ask any veteran trader if they do things like this, however, and I am sure the answer will likely come back as a resounding no! Read Sam Evans' article!
Also in this week's Lessons From the Pros
Your Belief System is Highly Correlated with Your Results by Diana Hill