Tuesday, Nov 17, 08:41 GMT
EUROPEAN Trading Newsletter
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- 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
The Trader's Edge: EUR/USD − Have we seen the last of the bulls? by Ross Yamashita
Greetings. Welcome back to another week of trading. Pulling up the EUR/USD, it seems the bulls are running out of steam and the bears are slowly gaining control. Look for a potentialy continued push to the downside − keeping in mind we may see some more testing upwards.
Chartology: EUR/USD Sets Up Fibonacci Pattern Resistance Short by Raghee Horner
FxBootcamp: FOREX VIDEO - European Outlook November 17th 2009 by David R Pegler
Sponsored by 
Live Sessions Schedule
Todays' Trading Signals Report Explained
Expert: Kim Cramer Larsson
Start: Tue, Nov 17, 10:00 GMT
Type of Session: Webinar
Topics
− Intraday Support and resistance
− How do I understand the symbols and colours
− What is important − stops !!
− How to trade using TTS/ATS
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Nov 17, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 17, 09:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN |  |
| Tue, Nov 17, 10:00 GMT | Todays' Trading Signals Report Explained | Kim Cramer Larsson | WBN | |
| Tue, Nov 17, 14:00 GMT | Fundamental Analysis − Looking forward  | Adam Rosen | WBN | |
| Tue, Nov 17, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
EUR/USD: (1.4956) In channel off 1.3832
KBC Bank − Pair currently back above the inverted daily channel top off June low (1.4975 today) with the daily Uptrendline off March low at 1.4867 today.
Support area at 1.4946/.4933 (reaction low hourly/ daily Short Term Moving Average→), with next levels at 1.4884 (daily Bollinger midline + daily envelope bottom), ahead of 1.4878/ 4867 (current week low + daily Medium Term Moving Average↑/ see above), where pause favored.
GBP/USD
9−day moving average pushes Cable higher by Mizuho Corporate Bank
The fourth highest daily close this year as the 9−day moving average pushes Cable higher. It is still worth less than half of 2007's peak, while other currencies are trading closer to 75% Fibonacci retracement levels.
USD/JPY
Forex: USD/JPY: Dollar entering levels below 89.00 by FXstreet.com
Despite a slight pick up to levels above 89.00 during Asian session, the Dollar is going down to levels around 88.85 right ahead of Frankfurt opening times.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Event of the Day
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 17 | 14:15 | Industrial Production (MoM) | - | 0.4% | 0.7% |
| Nov 17 | 14:15 | Capacity Utilization | - | 70.9% | 70.5% |
US economic indicators - Industrial production (Oct): Moderate rise by BHF−Bank
[ 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 16 | 17:15 | US | Fed's Bernanke Speech | |||
| 23:50 | JP | Tertiary Industry Index (MoM) (Sep) | -0.5% | 0.1% | 0.3% | |
| Nov 17 | 00:30 | AU | RBA Meeting's Minutes | |||
| 08:15 | CH | Adjusted Real Retail Sales (YoY) (Sep) | -1.6% | 1.1% | -1.0% | |
| 09:30 | UK | Consumer Price Index (MoM) (Oct) | 0.1% | 0.0% | ||
| 09:30 | UK | Consumer Price Index (YoY) (Oct) | 1.4% | 1.1% | ||
| 09:30 | UK | Core Consumer Price Index (YoY) (Oct) | 1.7% | 1.7% | ||
| 09:30 | UK | Retail Price Index (MoM) (Oct) | 0.4% | |||
| 09:30 | UK | Retail Price Index (YoY) (Oct) | -0.9% | -1.4% | ||
| 10:00 | EMU | Trade Balance n.s.a. (Sep) | -€4B | |||
Educational Resources
Today, there literally are hundreds of technical studies. For this reason, some of the more traditional studies are starting to work again. Doug Dawson outlines the benefits of using Pivot Point analysis to trade the markets. Read Doug Dawson's article !
Related Resources
Pivot Point Analysis - Report by Don Dawson
Different methods for calculating pivot points - Q&A Session Transcript by Dan Johnson
Pivot Points in Forex - Report by Raul Lopez
Chapter B01: Technical Indicators - from our Learning Center