Wednesday, Nov 12, 12:20 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
- The Forex Journal: Important Things to know about your Currencies by Sunil Mangwani
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
The Advisor Blog: Starting the day by Valeria Bednarik
Hi! Welcome to another day in forex markets. Despite a new dollar high at the beginning of Asian session, majors become a correction, yet let's remember the concept of a down trend: lower lows, lower highs; so despite logical corrections we could expect the dollar to continue his actual trend.
Forex Trading Today: Is Her Majesty in Her Twighlight Years? by Tim Salem
FX Market Readings: Market testing patience of traders... by Dr. S. Sivaraman
Live Sessions Schedule
Profiting from Fear and Greed by trading against the crowd
Expert: David Rodríguez
Start: Wed, Nov 12, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Nov 12, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 12, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Nov 12, 14:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN | |
| Wed, Nov 12, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Nov 12, 15:00 GMT | Live Day Trading Session | Markus Heitkoetter | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Trading Forecast − Another Run Up to Down Correction in USD by Swiss e Trade AG
After another attempt to recover, cable fell back again and is currently trading at 1.5260. In narrow trading ranges, we see an upmove first to levels around 1.5420 before renewed weakness leads to a new day's low near the 1.5250 level.
.
USD/JPY
Daily Forex News − Forex − Dollar rallied to a 2−week high in light trading Veteran's day by ACM − Advanced Currency Markets
Market is holding slightly below 99.80 September−October trendline resistance following two weeks ago drop to 90.91 on Friday 24th October. Initial resistance holds 99.48 Monday high.
USD
Daily Analysis − Banks say dollar rally might come to an end next year as economy worsens by Finotec Group Inc.
The Greenbacks gain is ``increasingly at risk'' toward the year−end as declining credit−market rates switch investors' focus to the slowing economy, according to Bank of America Corp.
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 GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Nov 13 | 07:00 | Gross Domestic Product s.a (QoQ) | -0.2% | -0.5% |
| Nov 13 | 07:00 | Gross Domestic Product n.s.a (YoY) | 1.6% | 3.1% |
| Nov 13 | 07:00 | Gross Domestic Product w.d.a (YoY) | 1.0% | 1.7% |
EMU economic indicators - German, French, Italian and EMU GDP growth (Q3): down by BHF−Bank
German GDP probably has decreased slightly quarter−on−quarter in Q3 2008, just like output in the producing sector and retail sales did. The previous quarters' data might be revised. On 13 November, Destatis (the German Federal Statistical Office) is publishing a "flash release" on German GDP of Q3; a detailed breakdown of the components will follow on 25 November.
[ Full Story ]Top Market Movers Review
UK BANK OF ENGLAND QUARTERLY INFLATION REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 12 | 10:30 | Bank of England Quarterly Inflation Report | - | - | - |
UPDATE 1−BoE says UK to shrink sharply, signals rate cuts (Thomson Financial News)
The British economy will shrink sharply next year and inflation could fall to just below 1 percent in two years, the Bank of England predicted on Wednesday, suggesting further interest rates to come.
[ Full Story ]- Read the Quarterly Inflation Report at Bank of England
- INSTANT VIEW−BoE sees CPI inflation below 1 pct in 2yrs (Thomson Financial News)
- INSTANT VIEW−BoE sees CPI inflation below 1 pct in 2yrs (Thomson Financial News)
- HIGHLIGHTS−Bank of England November Inflation Report (Thomson Financial News)
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 12 | 10:00 | Industrial Production w.d.a. (YoY) | -2.4% | -1.4% | -0.7% |
| Nov 12 | 10:00 | Industrial Production s.a. (MoM) | -1.6% | -1.2% | 0.8% |
DATA SNAP: Euro−Zone Industrial Output Slumps In September (Dow Jones)
Industrial production in the 15 countries that use the euro slumped in September, with the year−on−year number falling by the most in five and a half years.
[ Full Story ]- Read the Industrial Production data at Eurostat
- UPDATE 1−Euro zone industry output falls more than expected (Thomson Financial News)
- INSTANT VIEW 3−Euro zone Sept industry output down 2.4 pct y/y (Thomson Financial News)
- INSTANT VIEW 2−Euro zone Sept industry output down 2.4 pct y/y (Thomson Financial News)
EMU economic indicators - EMU industrial production (September): down by BHF−Bank
UK JOBLESS CLAIMS CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 12 | 09:30 | Claimant Count Rate | 3.0% | 3.0% | 2.9% |
| Nov 12 | 09:30 | Jobless Claims Change | 36.0K | 38.0 | 31.8K |
| Nov 12 | 09:30 | ILO Unemployment Rate (3M) | 5.8% | 5.8% | 5.7% |
DATA SNAP: UK Oct Jobless Posts Biggest Gain Since Dec 1992 (Dow Jones)
The U.K.'s claimant count jobless figure rose at its fastest pace for nearly 16 years in October and looks set to rise further as the economic slowdown weighs on the labor market, data from Office for National Statistics showed Wednesday.
[ Full Story ]- Read the Labour Market data at UK Statistics
- UPDATE 1−UK jobless level highest for more than a decade (Thomson Financial News)
- INSTANT VIEW 8−UK claimant count surges in Oct (Thomson Financial News)
- INSTANT VIEW 7−UK claimant count surges in Oct (Thomson Financial News)
Trading News Report - U.K. Jobless Claims Expected to Rise 40.0K, Will the Pound Fall Further? by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 12 | 09:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Sep) | 3.6% | 3.6% | 3.6% |
| 09:30 | UK | ILO Unemployment Rate (3M) (Oct) | 5.8% | 5.8% | 5.7% | |
| 10:00 | EMU | Industrial Production s.a. (MoM) (Sep) | -1.6% | -1.2% | 0.8% |
|
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Sep) | -2.4% | -1.4% | -0.7% | |
| 10:30 | UK | Bank of England Quarterly Inflation Report | ||||
| 10:30 | UK | BoE's Governor King Speech | ||||
| 18:00 | EMU | ECB Trichet's Speech | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Nov 9) | -50 | -48 | ||
| 21:45 | NZ | Retail Sales (MoM) (Sep) | 0.4% | |||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Sep) | 0.8% | |||