Monday, Nov 16, 08:55 GMT
EUROPEAN Trading Newsletter
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To Get Started
- Learning Center. Chapter C02 - Understand Statistics has been released
- Real-Time Economic Calendar: New 2.0 Design with upgraded charts and sound notifications
- WEBINAR VIDEOS: Combining Candlesticks with Western Technical Analysis by James Chen
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Forex Blogs
Chartology: EUR/USD Corrects But Still Within Channel Support by Raghee Horner
Longer term charts can take the ebbs and flows of bounces and pullbacks while still trading within a pattern. A 240 minute chart will move more within a single candle than a 30 or 60 minute typically can or will. This has to do with the power of time: If given enough of it prices will cover more ground.
1st on Forex: The Week Ahead - China Raises Flags on US Carry Trade as Aussie Dollar Seeks Parity with Greenback by Jerry Furst
FxBootcamp: FOREX VIDEO - ASIAN OUTLOOK NOVEMBER 16TH 2009 by Rob Helean
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Live Sessions Schedule
Forex Basics Series: Chapter 7 − Average True Range
Expert: Valeria Bednarik
Start: Mon, Nov 16, 14:00 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Nov 16, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 16, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Nov 16, 14:00 GMT | Forex Basics Series: Chapter 7 − Average True Range | Valeria Bednarik | WBN |  |
| Mon, Nov 16, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Nov 16, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
Cable is not out of the woods yet
Mizuho Corporate Bank − Just managing the strongest weekly close this year. However, Cable is not out of the woods yet as it hovers at the upper edge of a massive Ichimoku ‘cloud', the Lagging Span hits the ‘cloud', and moving averages do not confirm. Hopefully with a little help from other currencies it will manage to break above here this week.
EUR/USD
The Euro declined 0.5% against the dollar in last week's trade by India Forex Advisors
The Euro declined 0.5% against the dollar in last week's trade as a rise in risk appetite boosted demand for higher− yielding currencies. The overall trend in the Euro continues to remain bullish.
NZD/USD
Last week's top side into the .7450 zone is under pressure by InnerFX
The US dollar index fell to 75.24 today. The long−term dollar index is near a historical low. The only time the index traded lower than the current level was in the spring and summer of 2008.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Event of the Day
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 16 | 13:30 | Retail Sales (MoM) | - | 1.0% | -1.5% |
| Nov 16 | 13:30 | Retail Sales ex Autos (MoM) | - | 0.4% | 0.5% |
Friday Notes - Rebound in car sales lifts retail sales by UniCredit Group
Retail sales continue to be dominated by huge swings in car sales even after the expiration of the cash for clunkers program. According to industry reports, total vehicle sales rebounded by 131⁄2% in October after plunging by 35% in September.
[ Full Story ]Event of the Week
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 18 | 13:30 | Consumer Price Index (YoY) | - | -0.3% | -1.3% |
| Nov 18 | 13:30 | Consumer Price Index (MoM) | - | 0.2% | 0.2% |
Friday Notes - No inflation pressure in sight by UniCredit Group
Seasonally adjusted gasoline prices rose mildly in October, but natural gas prices surged by about 30%. As a result of the monthly 0.2% increase, the yoy inflation rate would rise further to −1⁄4%, which is the highest since March.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 15 | 23:50 | JP | Gross Domestic Product (QoQ) (3Q)  | 1.2% | 0.7% | 0.7% |
| Nov 16 | 00:01 | UK | Rightmove House Price Index (MoM) (Nov) | -1.6% | 2.8% | |
| 00:01 | UK | Rightmove House Price Index (YoY) (Nov) | 1.6% | 0.2% | ||
| 00:30 | JP | BoJ's Governor Shirakawa Speech | ||||
| 10:00 | EMU | Consumer Price Index − Core (YoY) (Oct) | 1.2% | 1.2% | ||
| 10:00 | EMU | Consumer Price Index (MoM) (Oct) | 0% | |||
| 10:00 | EMU | Consumer Price Index (YoY) (Oct) | -0.1% | -0.3% | ||
| 13:30 | CA | Manufacturing Shipments (MoM) (Sep) | 0.5% | -2.1% | ||
| 13:30 | US | NY Empire State Manufacturing Index (Nov) | 29.9 | 34.6 | ||
| 13:30 | US | Retail Sales (MoM) (Oct) | 1.0% | -1.5% | ||
Educational Resources
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