Wednesday, Nov 14, 12:15 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
US Pre−Market Open
Expert: Ed Ponsi
Start: Wed, Nov 14, 13:00 GMT
Type of Session: Webinar
Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, Nov 14, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 14, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Nov 14, 14:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN | |
| Wed, Nov 14, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Nov 14, 15:00 GMT | Tracking the forex market together / Part II: Review | Dr.S.Sivaraman | WBN | |
Current Session: Europe − U.S.
USD/JPY
Daily Market Commentary − Tuesday saw the dollar make a corrective decline versus the commodity and the European currencies by Global Forex Trading
Dollar/yen made an aggressive recovery on Tuesday after plunging to a new low for the downtrend on Monday. Expect more weakness after a further recovery, but the risk here is that a bullish engulfing formation is already in place. Immediate resistance is at 111.35. Strong resistance follows at 111.60, which is also a 50−point pivot, which targets 112.10 and 111.10.
- 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:
Daily Trading Strategy − The increasingly indiscriminate dollar decline by MVDForex
Preview Strategies for − Preview Strategies for US SESSION 14/11/2007 by AKforex
Forex Trading Strategies − Carry trades snap back higher on huge equity rally, Key US inflation and Retail Sales data on tap. by ActionForex.com
Majors at a Glance
- EUR/USD
- Back below second resistant level 1.4697
11/14/2007 12:04 GMT - GBP/USD
- Drops back below pivot level 2.0665
11/14/2007 12:05 GMT - USD/CHF
- Trades around second support level 1.1196
11/14/2007 12:05 GMT - USD/JPY
- Back around opening price level 110.90 , above pivot level 110.37
11/14/2007 12:07 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Aspen Trading Group, 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Nov 14 | 13:30 | Retail Sales ex Autos (MoM) | 0.3% | 0.4% |
| Nov 14 | 13:30 | Retail Sales (MoM) | 0.2% | 0.6% |
Daily Market Briefing - Will Retail Sales Be Strong Enough to Trigger a Turn in the US Dollar? by FXCM
This dynamic will change when we receive the reports on US retail sales and producer prices tomorrow. Normally these numbers can single handedly make or break it for the US dollar but unfortunately traders these days have become very skeptical.
[ Full Story ]Asia Market Update - USD under pressure ahead of retail sales data by Trade The News
Top Market Movers Review
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 14 | 10:00 | Gross Domestic Product s.a. (YoY) | 2.6% | 2.6% | 2.5% |
| Nov 14 | 10:00 | Gross Domestic Product s.a. (QoQ) | 0.7% | 0.6% | 0.3% |
DATA SNAP: Euro−Zone Growth Recovers In 3Q, +0.7% Vs 2Q (Dow Jones)
The euro−zone economy recovered in the third quarter, expanding at a faster than expected rate and increasing the likelihood that the European Central Bank will keep the region's interest rate on hold for some time to come.
[ Full Story ]- Red the Euro area GDP up by 0.7% and EU27 up by 0.8% report at Eurostat
- Euro zone provisional Q3 GDP up 0.7 pct from Q2; consensus 0.6 (Thomson Financial News)
- Euro Zone's economic activity grows strongly in the 3Q (FXstreet.com)
- UPDATE: Euro−Zone Growth Recovers In 3Q, +0.7% Vs 2Q (Dow Jones)
EMU economic indicators - EMU GDP gained momentum in Q3 by BHF−Bank
UK ILO UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 14 | 09:30 | ILO Unemployment Rate | 5.4% | 5.4% | 5.4% |
| Nov 14 | 09:30 | Average Earnings including Bonus (3Mo/Yr) | 4.1% | 4.0% | 3.7% |
| Nov 14 | 09:30 | Jobless Claims Change | 9.9K | -6.0 | -12.8K |
| Nov 14 | 09:30 | Claimant Count Rate | 2.6% | 2.6% | 2.6% |
| Nov 14 | 09:30 | Average Earnings excluding Bonus (3Mo/Yr) | 3.7% | 3.8% | 3.7% |
UK ILO Unemployment rate unchanged in the 3 mths to September despite increase on employment (FXstreet.com)
The amount of people employed has increased in the United Kingdom and the claimant count rate has decreased somewhat in the three months to September, however, the unemployment rate remains unchanged from the three months to August, according to data by National Statistics.
[ Full Story ]- Read the Labour market statistics report at National Statistics
- Forex − Pound rises back above 2.08 usd after strong UK labour market data (Thomson Financial News)
- UK Oct claimant count falls 9,900, 13th consecutive decline (Thomson Financial News)
- United Kingdom Oct ILO Unemployment Rate stays unchanged at 5.4% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 14 | 09:30 | UK | Claimant Count Rate (Oct) | 2.6% | 2.6% | 2.6% |
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (3Q) | 0.7% | 0.6% | 0.3% | |
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (3Q) | 2.6% | 2.6% | 2.5% | |
| 10:30 | UK | Bank of England Quarterly Inflation Report | ||||
| 10:30 | EMU | ECB's Hurley Speaks at Press Conference | ||||
| 12:00 | US | MBA Mortgage Applications (Nov 9) | -1.6% | |||
| 13:30 | CA | Leading Indicators (MoM) (Oct) | 0.3% | 0.4% | ||
| 13:30 | US | Producer Price Index (MoM) (Oct) | 0.3% | 1.1% | ||
| 13:30 | US | Producer Price Index (YoY) (Oct) | 6.4% | 4.4% | ||
| 13:30 | US | Producer Price Index ex Food & Energy (MoM) (Oct) | 0.2% | 0.1% | ||