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U.S. Trading Newsletter
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Live Sessions Schedule
Main Fundamental theme in the Currency market
Expert: Boris Schlossberg
Start: Wed, Nov 21, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Tracking the forex market together / Part II: Review
Expert: Dr.S.Sivaraman
Start: Wed, Nov 21, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 21, 13:00 GMT | Main Fundamental theme in the Currency market | Boris Schlossberg | WBN | |
| Wed, Nov 21, 15:00 GMT | Tracking the forex market together / Part II: Review  | Dr.S.Sivaraman | WBN |  |
| Wed, Nov 21, 16:00 GMT | Price Patterns | S. Wade Hansen | WBN | |
| Wed, Nov 21, 17:00 GMT | Spotting Short−Term reversal points | Adam Rosen | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
GBP/USD Open 2.0659 High 2.0694 Low 2.0462 Close 2.0659.
The Sterling created a base just above 1.0450 against the US Dollar and recovered to 2.0695, which is 38% Fibonacci of the drop from 2.1160, than started to correct. Next resistance for today is expected at 2.0770, followed by 2.0845. If droping supports are expected at 2.0555, followed by 2.0445, and 2.0360.
- GBP/USD intraday chart− the beauty of TA 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 Analysis − Fed outlook pushed dollar to a record low vs. euro by Finotec Group Inc
Daily technical research − EurUsd pushed higher by FX Instructor
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Majors at a Glance
- EUR/USD
- Continues to trade above pivot level 1.4775
11/21/2007 12:04 GMT - GBP/USD
- Moves up back around pivot level 2.0600
11/21/2007 12:05 GMT - USD/CHF
- Continues to trade around opening price level 1.1057 , below pivot level 1.1095
11/21/2007 12:05 GMT - USD/JPY
- Back above third support level 108.39
11/21/2007 12:05 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
Canada RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Nov 21 | 13:30 | Retail Sales ex Autos (MoM) | 0.3% | 0.3% |
| Nov 21 | 13:30 | Retail Sales (MoM) | 0.1% | 0.7% |
Trading News Report - How To Trade Canadian Retail Sales After The BoC's Comments And Weak CPI Data by FXCM
Looking back over the market's reaction to the last three retail sales reports from Canada, it is clear that there needs to be more at work than a mere surprise between the actual number and the official forecast to trade this event risk successful.
[ Full Story ]Top Market Movers Review
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 21 | 09:30 | Bank of England Minutes | - | - | - |
BoE MPC voted 7−2 to keep rates at 5.75 pct, Blanchflower, Gieve called for cut (Thomson Financial News)
The Bank of England's rate−setting body voted 7−2 to keep its benchmark interest rate unchanged at 5.75 pct at its last meeting on November 8, with deputy governor John Gieve joining David Blanchflower in calling for an immediate quarter point cut.
[ Full Story ]- Read full MPC Minutes − November 2007 at BoE
- UPDATE: Bank Of England Voted Seven−to−two To Hold Rates (Dow Jones)
- Forex − Pound dips after BoE minutes reveal Gieve called for rate cut UPDATE (Thomson Financial News)
- Forex − Pound dips after BoE minutes reveal Gieve called for rate cut (Thomson Financial News)
Weekly Forex Outlook - Focus on BoE and FOMC minutes by Easy Forex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 20 | 23:50 | JP | Adjusted Merchandise Trade Balance (Oct) | ¥1072.6B | ¥1079.0B | ¥1034.3B |
| 23:50 | JP | All Industry Activity Index (MoM) (Sep) | -1.6% | -1.5% | 1.0% | |
| 23:50 | JP | Merchandise Trade Balance Total (Oct) | ¥1018.60B | ¥1052.80B | ¥1635.87B | |
| Nov 21 | 02:00 | NZ | Credit Card Spending (Oct) | 7.8 | 9.4 |
|
| 09:30 | UK | Bank of England Minutes | ||||
| 12:00 | US | MBA Mortgage Applications (Nov 16) | -3.6% | 5.5% | ||
| 13:30 | US | Continuing Jobless Claims (Nov 10) | 2568K | |||
| 13:30 | US | Initial Jobless Claims (Nov 17) | 330K | 339K | ||
| 13:30 | CA | Retail Sales (MoM) (Sep) | 0.1% | 0.7% | ||
| 13:30 | CA | Retail Sales ex Autos (MoM) (Sep) | 0.3% | 0.3% | ||