Tuesday, Nov 11, 12:11 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
The Advisor Blog: Starting the day by Valeria Bednarik
Greenback dissolved it early loses yesterday during the American session, and close the day in positive territory against most rivals, followed by the Japanese yen, that also continues strong across the board. Good to notice, market continues in trend.
FX Market Readings: Subdued moves during European session by Dr. S. Sivaraman
1st on Forex: The Week Ahead - Currencies Pause Before... by Jerry Furst
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Nov 11, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Nov 11, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 11, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Nov 11, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Nov 11, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Nov 11, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe − U.S.
EUR/GBP
Daily Analysis − The Sterling trades at a record low versus the Euro by Finotec Group Inc.
The British pound traded near a record low against the euro as an industry report showed U.K. home sales dropped last month to the lowest level in at least three decades, adding to evidence the economy is in a recession. The sterling slid yesterday to 82.09 pence per euro, the weakest since the debut of the single currency in 1999.
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USD/CHF
Daily Forex News − Forex − Major currencies remain trapped in range awaiting G20 next weekend Washington meeting by ACM − Advanced Currency Markets
Market hit 1.1804 high yesterday. Further advance may open the way to 1.1895 October 2007 high and strong resistance. Strong resistance holds 1.1780. On the downside, renewed weakness below 1.1203 Friday low would undermine the current uptrend and reverse through 1.0692 22nd September low and down to 1.0500 and 1.0375.
GBP/USD
Daily Trading Forecast − USD See−Sawing Ahead of G8 Plus 12 Summit by Swiss e Trade AG
Trading near good support now, cable is currently priced at 1.5599. We do not see much more downside risk in today's trading, perhaps only the 1.5560 level being tested. An upside move could emerge soon, bringing cable to 1.5750 resistance.
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
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Nov 12 | 10:00 | Industrial Production w.d.a. (YoY) | -1.4% | -0.7% |
| Nov 12 | 10:00 | Industrial Production s.a. (MoM) | -1.2% | 1.1% |
EMU economic indicators - EMU industrial production (September): down by BHF−Bank
Italian and EMU industrial production are likely to have suffered a setback in September, because most of the correlated climate indicators deteriorated.
[ Full Story ]Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 11 | 10:00 | ZEW Survey − Economic Sentiment | -53 | -62 | -63 |
DATA SNAP: German ZEW Econ Expectations Pick Up In November (Dow Jones)
Sentiment among German financial analysts and institutional investors picked up in November, albeit from near−record lows, on the government's financial rescue package and global interest rate cuts, the Center for European Economic Research, or ZEW, said Tuesday.
[ Full Story ]- Read the Economic Sentiment data at ZEW
- UPDATE 1−German investor morale picks up but remains weak (Thomson Financial News)
- INSTANT VIEW 5−German ZEW investor sentiment index improves (Thomson Financial News)
- INSTANT VIEW 4−German ZEW investor sentiment index improves (Thomson Financial News)
Daily Forex Technical Report − Triangle Breakout in EUR/USD Due? by ActionForex.com
Trading News Report - German ZEW Survey on Tap − How Will The Euro React? by FXCM
Market Session Recaps - New York Session by FOREX.com
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 11 | 09:30 | Goods Trade Balance | -£7.5B | -£8.0B | -£8.2B |
| Nov 11 | 09:30 | Total Trade Balance | -3.9B | -4.6B | -4.4B |
DATA SNAP: UK Sep Trade Deficit Shrinks More Than Expected (Dow Jones)
The U.K.'s global goods deficit narrowed more than expected in September as the growth of exports outpaced that of imports, data from the Office for National Statistics showed Tuesday.
[ Full Story ]- Read the Trade Balance data at UK Statistics
- 2nd UPDATE:UK Trade Deficit Narrows More Than Expected In Sep (Dow Jones)
- UPDATE 1−UK Sept trade deficit narrows more than expected (Thomson Financial News)
- INSTANT VIEW 4−UK Sept trade gap narrows (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 11 | 05:00 | JP | Eco Watchers Survey: Current (Oct) | 22.6 | 27.4 | 28.0 |
| 05:00 | JP | Eco Watchers Survey: Outlook (Oct) | 25.2 | 32.1 | ||
| 09:30 | UK | DCLG House Price Index (YoY) (Sep) | -5.5% | -3.4% | ||
| 09:30 | UK | Goods Trade Balance (Sep) | £-7.5B | -£8.0B | -£8.2B | |
| 09:30 | UK | Total Trade Balance (Sep) | -3.9B | -4.6B | -4.4B |
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| 10:00 | DE | ZEW Survey − Economic Sentiment (Nov) | -53 | -62 | -63 | |
| 20:00 | NZ | RBNZ Financial Stability Report | ||||
| 23:30 | AU | Westpac Consumer Confidence (Dec) | -11% | |||
| Nov 12 | 00:30 | AU | Wage Price Index (QoQ) (3Q) | 1.0% | 1.2% | |
| 05:00 | JP | Consumer Confidence (Oct) | 31.8 | |||