Tuesday, Nov 13, 12:12 GMT
U.S. Trading Newsletter
To Get Started
- Get FXstreet's Economic Calendar for your own site
- For beginners: An Introduction to Foreign Currencies in the Education section
- Missed the ITC? Check out the image coverage we made!
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.
Live Sessions Schedule
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Nov 13, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Nov 13, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 13, 12:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
| Tue, Nov 13, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN |  |
| Tue, Nov 13, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Nov 13, 17:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 2.0649 − 13 November by iFOREX.bg
GBP/USD Open 2.0537 High 2.0754 Low 2.0516 Close 2.0605
The correction of the British Pound against the US Dollar which continued from friday was stopped at the key support level 2.0530, which is a cross point of the 50% correction of the climb 1.9880 − 2.1150 and the middle term trend line.
- Extreme OB/OS levels at this hour at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Preview Strategies for − Preview Strategies for US SESSION 13/11/2007 by AKforex
Weekly Forex Market Commentary − The US economic calendar will begin on Wednesday with the pending home sales report for September by Global Forex Trading
Daily Analysis − The pound fall to a two week low on stock market tumble by Finotec Group Inc.
Majors at a Glance
- EUR/USD
- Trades around pivot level 1.4577
11/13/2007 12:05 GMT - GBP/USD
- Continues to trade above pivot level 2.0642
11/13/2007 12:07 GMT - USD/CHF
- Trades around pivot level 1.1267
11/13/2007 12:08 GMT - USD/JPY
- Trades above pivot level 109.77
11/13/2007 12:09 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US PENDING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Nov 13 | 20:00 | Pending Home Sales (MoM) | -2.5% | -6.5% |
The Week Ahead - The tightening in credit markets continues and the adjustments in the housing sector are not over yet by BBVA Bancomer
The tightening in credit markets continues and the adjustments in the housing sector are not over yet. We forecast a reduction of 3.0 percent in the number of pending home sales during September.
[ Full Story ]Sunrise Market Commentary: Currencies - EUR/USD continues correction lower by KBC Bank
Top Market Movers Review
Germany ZEW SURVEY − CURRENT SITUATION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 13 | 10:00 | ZEW Survey − Economic Sentiment | -30 | -20 | -19 |
| Nov 13 | 10:00 | ZEW Survey − Current Situation | 70.2 | 67.0 | 70.2 |
DATA SNAP: German ZEW Econ Sentiment Lowest Since Feb 93 (Dow Jones)
Sentiment among German analysts and institutional investors notably deteriorated in November on fears of a considerable economic downturn in the U.S., a surging euro and soaring oil prices, a survey from the Center for European Economic Research showed Tuesday.
[ Full Story ]- Readt the ZEW Indicator of Economic Sentiment − Subprime crisis is extending at ZEW
- UPDATE: German ZEW Econ Sentiment Lowest Since Feb 93 (Dow Jones)
- European govt bonds rise as ZEW falls by more than expected (Thomson Financial News)
- German ZEW Nov economic expectations index −32.5 pts vs −18.1 in Oct UPDATE (Thomson Financial News)
Daily Forex Technical Report − Carry Trade Unwinding Calms Down, Focus Turns to UK CPI & German ZEW by ActionForex.com
EMU economic indicators - German ZEW economic sentiment is expected to decline further in October by BHF−Bank
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 13 | 10:00 | Industrial Production w.d.a. (YoY) | 3.5% | 4.5% | 4.3% |
| Nov 13 | 10:00 | Industrial Production s.a. (MoM) | -0.7% | -0.4% | 1.2% |
DATA SNAP: Euro−Zone Factory Output Fell In September (Dow Jones)
Factory output in the 13 countries that use the euro fell more sharply than expected in September, led by a collapse in the manufacture of durable consumer goods.
[ Full Story ]- Read the report: Industrial production down by 0.7% in euro area at Eurostat
- Euro zone Sept industrial output down 0.7 pct vs Aug, up 3.5 pct year−on−year (Thomson Financial News)
- EU Oct Industrial Production s.a. declines to −0.7%; 3.5% up on the year (FXstreet.com)
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 13 | 09:30 | Core Consumer Price Index (YoY) | 1.5% | 1.7% | 1.5% |
| Nov 13 | 09:30 | Consumer Price Index (MoM) | 0.5% | 0.3% | 0.1% |
| Nov 13 | 09:30 | Consumer Price Index (YoY) | 2.1% | 1.9% | 1.8% |
DATA SNAP:UK CPI Jumps Back Above BoE Target In Oct;+2.1% YY (Dow Jones)
U.K. consumer price inflation rose above the Bank of England's target for the first time in four months in October, as gains in fuel and food prices and air fares accelerated, data released Tuesday showed.
[ Full Story ]- Read the CPI data at National Statistics
- UK Oct annual CPI inflation 2.1 pct, above BoE target for first time since June (Thomson Financial News)
- UK Consumer price index rose higher than expected in October (FXstreet.com)
- United Kingdom Core Consumer Price Index increases 1.5% in Oct (FXstreet.com)
Daily Forex Technical Report − Carry Trade Unwinding Calms Down, Focus Turns to UK CPI & German ZEW by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 13 | 09:30 | UK | Consumer Price Index (MoM) (Oct) | 0.5% | 0.3% | 0.1% |
| 10:00 | EMU | Industrial Production s.a. (MoM) (Oct) | -0.7% | -0.4% | 1.2% | |
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Oct) | 3.5% | 4.5% | 4.3% | |
| 10:00 | DE | ZEW Survey − Current Situation (Nov) | 70.2 | 67.0 | 70.2 | |
| 10:00 | DE | ZEW Survey − Economic Sentiment (Nov) | -32.5 | -20.0 | -18.1 | |
| 10:00 | EMU | ZEW Survey − Economic Sentiment (Nov) | -30 | -20 | -19 | |
| 20:00 | US | Pending Home Sales (MoM) (Sep) | -2.5% | -6.5% | ||
| 21:45 | NZ | Producer Price Index − Input (QoQ) (3Q) | 1.1% | 1.3% | ||
| 21:45 | NZ | Producer Price Index − Output (QoQ) (3Q) | 1.1% | 1.2% | ||
| 22:00 | US | ABC Consumer Confidence (Nov 11) | -15 | |||