Friday, Nov 20, 12:15 GMT
U.S. Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
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: Fundamental Analysis - Looking forward by Adam Rosen
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
The Advisor Weblog: AUD/USD testing daily trendline by Valeria Bednarik
Is not just gold; profit taking is hitting hard specially commodity currencies, and AUD/USD is the one suffering the most. Pair has hit a daily ascendant trend line at 0.9100 and remains close to it, and seems we are going to break it trough.
Francesc's Weblog: Gold & Silver Live Quotes Now Available at FXstreet.com Rates&Charts Section by Francesc Riverola
Tech Trading: EUR/GBP Rebounds from solid support by César B. Leiceaga
FX Market Readings: Expected market moves for week end by Dr. S. Sivaraman
Sponsored by 
Live Sessions Schedule
MONTHLY WEBINAR − Part 2: Using Price Behaviour to identify the hierarchy of different trades
Expert: Mike Baghdady
Start: Fri, Nov 20, 14:30 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 − U.S.
Cable suffered a bout of weakness in early European trading
Swiss e Trade AG − Cable suffered a bout of weakness in early European trading, plunging to its support at 1.6515, and is trading around 1.6528 right now. We expect a consolidation to set in soon, and later in today`s market some strength again, testing eventually the 1.6630 resistance zone.
EUR/USD
The range trade continues as we consolidate between 1.4800 and 1.4990 by ACM − Advanced Currency Markets
The range trade continues as we consolidate between 1.4800 and 1.4990; and with very little momentum provided by the light news calendar, there remains decent support and resistance building up at those levels.
AUD/USD
AUD/USD: Aussie breaks below 0.9130; approaching 0.9100 by FXstreet.com
Australian Dollar decline from 0.9215 intra−day high has extended on European trade below 0.9130 (Nov 19 low) and the pair approaches 0.9100 area at the moment of writing; 0.77% below its day opening level.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Financial Trend Analysis , KBC , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, 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) | 51.7 | 51.0 | ||
| 08:30 | DE | Purchasing Manager Index Services (Nov) | 51.2 | 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