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U.S. Trading Newsletter
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Live Sessions Schedule
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Nov 20, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Nov 20, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 20, 12:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
| Tue, Nov 20, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN |  |
| Tue, Nov 20, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Nov 20, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
Current Session: Europe − U.S.
EUR/USD
The Word of Majors − EUR/USD: bulls forged yet another all−time−high by FXstreet.com
The bulls have forged yet another all−time high as the long running uptrend expands. There is now no resistance to speak of just a projected possible top far away at 1.5100. On the downside, any eventual decline that holds above 1.4580 an especially the 1.4515 support keeps the upswing perfectly intact and the expectation on a resumption of the uptrend.
- EUR/USD hits 1.4792 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 technical research − Daily technical research by FX Instructor
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
Daily Analysis − Dollar is weak, FOMC minutes on Focus by Finotec Group Inc.
Majors at a Glance
- EUR/USD
- Trades above third resistant level 1.4759
11/20/2007 11:53 GMT - GBP/USD
- Trades above second resistant level 2.0620
11/20/2007 11:54 GMT - USD/CHF
- Back above third support level 1.1083
11/20/2007 11:54 GMT - USD/JPY
- Trades above pivot level 110.20
11/20/2007 11:54 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 HOUSING STARTS
| Date (GMT) | Event | Cons. | Previous | |
| Nov 20 | 13:30 | Building Permits (MoM) | 1.200M | 1.226M |
| Nov 20 | 13:30 | Housing Starts (YoY) | 1.200B | 1.191M |
US economic indicators - Housing starts and building permits are likely to have declined further in October by BHF−Bank
Thus, as indicated by the graph, the correction in housing starts and building permits is still far from over. We expect housing starts to have fallen to 1160k, and building permits to have declined to 1180k in October.
[ Full Story ]- Ahead of the Bell: Housing Starts (Thomson Financial News)
- Forex − Dollar weaker vs yen ahead of US housing data, release of FOMC minutes (Thomson Financial News)
Daily Global Commentary - Housing Market Index Continues to Paint a Gloomy Picture by Northern Trust
Top Market Movers Review
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 20 | 12:00 | Bank of Canada Consumer Price Index Core (YoY) | 1.8% | 2.0% | 2.0% |
| Nov 20 | 12:00 | Consumer Price Index (MoM) | -0.3% | 0.2% | 0.2% |
| Nov 20 | 12:00 | Consumer Price Index (YoY) | 2.4% | 2.8% | 2.5% |
| Nov 20 | 12:00 | Bank of Canada Consumer Price Index Core (MoM) | -0.2% | 0.1% | 0.4% |
Canadian CPI increases 2.4% on the year on higher gasoline prices (FXstreet.com)
Consumer prices have jumped 2.4% on the year in Canada during the month of October pushed by Gasoline prices, according to data by StatsCan. Gasoline and accommodation prices are to blame on such a high annual increase.
[ Full Story ]- Read the CPI data at Statistics Canada
- Canada Oct Consumer Price Index increases 2.4% on the year; Core CPI 1.8% up (FXstreet.com)
- Canada Oct Consumer Price Index decreases 0.3%; core CPI 0.2% down (FXstreet.com)
UK CBI INDUSTRIAL TRENDS SURVEY − ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 20 | 11:00 | CBI Industrial Trends Survey − Orders (MoM) | 8% | - | 6% |
UK Nov manufacturing order book rebounds to +8 from minus 6 in Oct − CBI (Thomson Financial News)
UK manufacturers saw their order books unexpectedly rebound in November from a month earlier, a leading business lobby group said today. In its monthly industrial survey, the Confederation of British Industry revealed the total new order book balance rose to +8 pct, up from minus 6 in October.
[ Full Story ]- Read the Industrial Trends Survey at CBI
- Forex − Pound strengthens slightly after strong CBI survey (Thomson Financial News)
- CORRECT: UK CBI: Nov Indus Orders Seen At −7,Not Indus Output (Dow Jones)
- Demand for manufactured goods stabilize in the UK in November (FXstreet.com)
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 20 | 09:30 | Public Sector Net Borrowing | -£1.0B | -£3.0B | £6.9B |
UK Oct PSNB −1.0 bln stg, lowest October figure since 2005 (Thomson Financial News)
The UK government's finances weakened in October this year, due to softer corporate tax receipts and higher costs of interest rates, official data showed today.
[ Full Story ]- Read the Public Sector data at National Statistics
- DATA SNAP: UK Oct PSNB +GBP1.0 Bln; PSNCR +GBP4.8 Bln (Dow Jones)
- United Kingdom Oct Public Sector Net Borrowing −1.0B; −2.8B expected (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 20 | 09:30 | UK | M4 Sterling Lending (Oct)  | £19.8 | £20.5 | £24.5B |
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Nov) | 8% | 6% | ||
| 12:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Oct) | -0.2% | 0.1% | 0.4% | |
| 12:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Oct) | 1.8% | 2.0% | 2.0% | |
| 12:00 | CA | Consumer Price Index (MoM) (Oct) | -0.3% | 0.2% | 0.2% | |
| 12:00 | CA | Consumer Price Index (YoY) (Oct) | 2.4% | 2.8% | 2.5% | |
| 13:30 | US | Building Permits (MoM) (Oct) | 1.200M | 1.226M | ||
| 13:30 | US | Housing Starts (YoY) (Oct) | 1.200B | 1.191M | ||
| 19:00 | US | FOMC Minutes (Oct 31) | ||||
| 22:00 | US | ABC Consumer Confidence (Nov 18) | -17 | |||