Friday, Nov 20, 08:37 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
FX Market Readings: Expected market moves for week end by Dr. S. Sivaraman
EURO and GBP made quick dip yesterday during early US session and later firmed up as envisaged. they are expected to make a slide and drop during japanese session. Quick rise during early European session and then drop are expected moves during European session.
FX Path: EUR/JPY - Near Bottom of Large Triangle by James Chen
Francesc's Weblog: Education is going to dramatically change the brokers landscape says Forex Magnates’ Michael Greenberg by Francesc Riverola
The Disciplined Trader: EUR/USD consolidation will lead to break out - The question is “which way” by Pierre Charlebois
Sponsored by 
Live Sessions Schedule
MONTHLY WEBINAR − Part 1: How to manage risk using Price Behaviour analysis
Expert: Mike Baghdady
Start: Fri, Nov 20, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Nov 20, 12:30 GMT | MONTHLY WEBINAR − Part 1: How to manage risk using Price Behaviour analysis | Mike Baghdady | WBN |  |
| Fri, Nov 20, 14:30 GMT | MONTHLY WEBINAR − Part 2: Using Price Behaviour to identify the hierarchy of different trades  | Mike Baghdady | WBN | |
| Mon, Nov 23, 10:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Mon, Nov 23, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: Europe
Consolidating neatly under year high at 1.5064
Mizuho Corporate Bank − Little to add as we consolidate neatly under this year's high at 1.5064 and above the 26−day moving average. Rising trendline and the Ichimoku ‘cloud' will provide support and suggest a long position for a break to new highs later on. In the meantime allow for more sideways wor
GBP/USD
GBPUSD: Will Bear Start Controlling? by ForexSurvivor
GBPUSD has slightly broken the support trendline yesterday with parameters oct−nov and it remains in the bear farm. A close today below yesterday's low confirm a top is in place and the price should step down toward 16300 level.
USD/JPY
The dollar versus the yen continued its narrow trading by ecPulse.com
The dollar versus the yen continued its narrow trading while constantly fluctuating around the previously breached minor support that had turned into resistance at 89.05.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , Financial Trend Analysis , KBC , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Event of the Day
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 20 | 07:00 | Producer Price Index (YoY) | -7.6% | -7.4% | -7.6% |
| Nov 20 | 07:00 | Producer Price Index (MoM) | 0.0% | 0.2% | -0.5% |
DATA SNAP: German Producer Prices Flat In Oct Vs Sep (Dow Jones)
German factory−gate prices held steady in October after September's drop, as a slight rise in energy prices offset falls elsewhere, the Federal Statistics Office said Friday.
[ Full Story ]- Read the PPI data at German Statistics
- German Oct PPI stays on hold on the month, −7.6% on the year (FXstreet.com)
Event of the Week
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 18 | 13:30 | Consumer Price Index (MoM) | 0.3% | 0.2% | 0.2% |
| Nov 18 | 13:30 | Consumer Price Index (YoY) | -0.2% | -0.3% | -1.3% |
US: Consumer Prices Rose More Than Expected in October by Wells Fargo Investments, LLC
[ Full Story ]- Read the CPI data at Labor Department
- UPDATE: US Oct CPI, Housing Starts Point To Sluggish Economy (Dow Jones)
- DATA SNAP: US Consumer Prices Rise By 0.3% In October (Dow Jones)
- US CPI Ex Food & Energy up 0.2% MoM and 1.7% YoY in Oct (FXstreet.com)
Inflation Observatory - The decline in headline prices eases by BBVA Bancomer
Currency Trading News - US Dollar Mixed on Signs of Deterioration in Housing, Dovish Comments from Fed's Bullard by DailyFX
Daily Global Commentary - Higher Prices for Cars and Energy Lifted CPI in October by Northern Trust
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 20 | 02:00 | NZ | Credit Card Spending (Oct) | -0.4% | -2.3% |
|
| 04:00 | JP | BoJ Interest Rate Decision | 0.1% | 0.1% | 0.1% | |
| 07:00 | DE | Producer Price Index (MoM) (Oct) | 0.0% | 0.2% | -0.5% | |
| 07:00 | DE | Producer Price Index (YoY) (Oct) | -7.6% | -7.4% | -7.6% | |
| 10:30 | EMU | ECB Trichet's Speech | ||||
| Nov 22 | 21:45 | NZ | Visitor Arrivals (Oct) | 3.8% | ||
| Nov 23 | 00:30 | AU | New Motor Vehicle Sales (MoM) (Oct) | 2.9% | ||
| 00:30 | AU | New Motor Vehicle Sales (YoY) (Oct) | -2% | |||
| 08:30 | DE | Purchasing Manager Index Manufacturing (Nov) | 51 | |||
| 08:30 | DE | Purchasing Manager Index Services (Nov) | 50.7 | |||
Educational Resources
Currencies' valuations change when money crosses borders. Money flows around the world as businesses and banks conduct their normal day−to−day activities. Money also flows from one market to another as investors put their money to work around the world. Wayne McDonell provides analysis of the currency market: currency correlations. Read Wayne McDonell's article.
Related Resources
Currency Relations - Report by Sunil Mangwani
Using Currency Correlations in Forex Trading - Q&A Session Transcript by Dan Blystone
Currency Correlations - Wayne McDonell's Blog FxBootcamp