Monday, Nov 10, 12:16 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Institutional Trading Strategies: Money Management 101 by Andrei Pehar
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Expected moves for week beginning... by Dr. S. Sivaraman
EURO and GBP opened higher and firmed up during Early Japanese session to slide during late Japanese session.Now during Early European session they are expected to make one more drop and then rise from mid European session through early US session and then swing either way till close of US session.
The Trader's Edge: USD/CAD Outlook by Ross Yamashita
Forex Trading Today: St. Benedict was Right by Tim Salem
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Nov 10, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Nov 10, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 10, 14:00 GMT | Turning the corner on the year  | Adam Rosen | WBN |  |
| Mon, Nov 10, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Nov 10, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Nov 11, 12:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Daily Analysis − Sterling gains against the Dollar as stocks rise by Finotec Group Inc.
The pound rose against the dollar on speculation rising stocks are reviving risk appetite, boosting demand for the U.K. currency. The U.K. government will cut taxes for families, the elderly and small businesses and maintain ``high'' public spending by increased borrowing. The GBP/USD is currently trading at $1.5740 as of 8:19am, GMT.
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USD/JPY
Daily Trading Forecast − Credit Markets Back at Work Again by Swiss e Trade AG
Against the yen, the dollar moved up in all of Asian and early European trading, a move that most probably will end soon today. Currently priced at 99.28, the upmove is about to meet resistance already. Prices above 99.35 could be the trigger for a weaker phase, towards today's support at 98.75.
AUSTRALIAN DOLLAR
Daily FX Report − The AUD rose 2.4 percent versus the USD by Varengold Wertpapierhandelsbank AG
The AUD rose 2.4 percent versus the USD to 0.6908 even after RBA cuts GDP growth forecasts. Housing data are weaker than expected, supported by a 1.3 percent gain in AUD/JPY, as Asian shares climbed and encourage investors to return to carry trades.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Nov 11 | 10:00 | ZEW Survey − Economic Sentiment | -62 | -63 |
EMU economic indicators - German ZEW economic sentiment (November): down by BHF−Bank
In November, the German ZEW economic sentiment will probably have continued its downturn, but at a slower pace. All correlated indicators were obviously driven by the current financial turmoil and its potential long−term effects on economic growth. Both the ifo business expectations and the US ISM manufacturing index have deteriorated.
[ Full Story ]Top Market Movers Review
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 10 | 09:30 | Producer Price Index − Output (MoM) n.s.a | -1.0% | -0.5% | -0.3% |
| Nov 10 | 09:30 | Producer Price Index − Output (YoY) n.s.a | 6.8% | 7.4% | 8.5% |
| Nov 10 | 09:30 | Producer Price Index − Input (MoM) s.a | -5.6% | -2.6% | -1.2% |
| Nov 10 | 09:30 | Producer Price Index − Input (YoY) n.s.a | 13.8% | 18.0% | 24.5% |
DATA SNAP: UK PPI Falls Posts Record Monthly Drop In October (Dow Jones)
U.K. factory gate prices declined at a record pace in October, as oil prices continued to fall sharply on concerns that the world economy is sliding into recession, data from the Office for National Statistics showed Monday.
[ Full Story ]- Read the PPI data at UK Statistics
- INSTANT VIEW 6−UK Oct factory costs slide at record pace (Thomson Financial News)
- UPDATE: UK PPI Falls Posts Record Monthly Drop In October (Dow Jones)
- INSTANT VIEW 5−UK Oct factory costs slide at record pace (Thomson Financial News)
Trading News Report - U.K. Producer Price Index at Hand, Can the British Pound Hold Its Ground? by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 10 | 06:45 | CH | SECO Consumer Climate (Oct) | -27 | -17 | |
| 09:30 | UK | Producer Price Index − Input (MoM) s.a (Oct) | -5.6% | -2.6% | -1.2% | |
| 09:30 | UK | Producer Price Index − Input (YoY) n.s.a (Oct) | 13.8% | 18.0% | 24.5% | |
| 09:30 | UK | Producer Price Index − Output (MoM) n.s.a (Oct) | -1.0% | -0.5% | -0.3% | |
| 09:30 | UK | Producer Price Index − Output (YoY) n.s.a (Oct) | 6.8% | 7.4% | 8.5% | |
| 09:30 | EMU | Sentix Investor Confidence (Dec) | -36.4 | -32.0 | -27.8 | |
| 13:15 | CA | Housing Starts s.a (YoY) (Oct) | 200.0K | 217.6K | ||
| 13:30 | CA | New Housing Price Index (YoY) (Sep) | -0.1% | 2.3% | ||
| 14:30 | EMU | ECB Trichet's Speech | ||||
| 21:45 | NZ | Producer Price Index − Input (QoQ) (3Q) | 5.6% | |||