Thursday, Nov 13, 12:05 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- All the events of the day in our Economic Calendar
- The Forex Journal: Important Things to know about your Currencies by Sunil Mangwani
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Forex Blogs
The Advisor Weblog: Eur/Usd short term perspectives by Valeria Bednarik
The Eur/Usd, has reached another daily minimum last night, @ 1.2390, although still the 1.2330 zone, this year minimum at the time, needs to be broken to see the pair continuing to the downside. The importance of this 1.2390 is that the pair continues with daily lows, giving us a good idea where the market strength is.
FxBootcamp: Pre London Outlook November 13th 2008 by Wayne McDonell
Forex Trading Today: Is it Time to find another way across the Atlantic? by Tim Salem
Live Sessions Schedule
The New Forex Trend − Free Access Day
Expert: Adam Rosen
Start: Thu, Nov 13, 15:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex − Free Access Day
Expert: Mark Whistler
Start: Thu, Nov 13, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 13, 12:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Nov 13, 13:00 GMT | US Pre−Market Open − Free Access Day | Ed Ponsi | WBN |  |
| Thu, Nov 13, 14:30 GMT | US Session Open − Free Access Day | Ed Ponsi | WBN | |
| Thu, Nov 13, 15:00 GMT | The New Forex Trend − Free Access Day | Adam Rosen | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Analysis − Sterling drops below $1.50 on economic fears by Finotec Group Inc.
The British pound dropped, trading below $1.50 for a second day, as evidence accumulated Europe's second−biggest economy is in trouble. The U.K. currency breached $1.50 yesterday for the first time in more than six years. The GBP/USD is currently trading at $1.4900 as of 8:42am, GMT.
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EUR/USD
Technical Summary for Majors − The Euro continies declining by FXCM
Declined from 1.4867, 22 Sep key lower top, to reach 1.2329, 2008 low on 28 Oct, before rebounding to 1.3300 on 30 Oct. A bearish triangle formed and was completed on a break below 1.2710, trendline support. Scope is now seen to test 1.2328, 28 Oct pivot low,
GBP
Daily FX Report − The GBP fell sharply and hits a new all−time low against EUR of 0.8237 by Varengold Wertpapierhandelsbank AG
The GBP fell sharply and hits a new all−time low against EUR of 0.8237 and a 6 year low versus USD after BoE inflation report points to a sharp contraction in the economy in 2009
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
US TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Nov 13 | 13:30 | Trade Balance | - | -$59.14B |
US economic indicators - Trade balance (September): narrower deficit despite fall in exports by BHF−Bank
The trade deficit narrowed from $61.3bn to $59.1bn in August, and could have shrunk to $56.5bn in September, as imports will have fallen particularly due to the oilrelated drop in import prices by 3.0% mom. However, given global economic cooling and the dollar appreciation, exports might have gone down noticeably too, and the real trade deficit is likely to have risen.
[ Full Story ]Top Market Movers Review
Switzerland ZEW SURVEY − EXPECTATIONS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 13 | 10:00 | ZEW Survey − Expectations | -88.5 | - | -91.1 |
INSTANT VIEW 3−Swiss ZEW indicator edges up to −88.5 pts in Nov (Thomson Financial News)
The Swiss ZEW investor sentiment rose by 2.6 points in November to −88.5 points, Credit Suisse, which issues the indicator in cooperation with the German ZEW economic research institute, said on Thursday.
[ Full Story ]- Read the Expectations Survey at ZEW Institute
- INSTANT VIEW 2−Swiss ZEW indicator edges up to −88.5 pts in Nov (Thomson Financial News)
- INSTANT VIEW 1−Swiss ZEW indicator edges up to −88.5 pts in Nov (Thomson Financial News)
- TABLE−Swiss ZEW indicator edges up to −88.5 pts in Nov (Thomson Financial News)
EMU ECB MONTHLY REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 13 | 09:00 | ECB Monthly Report | - | - | - |
ECB confirms growth risks materialising − bulletin (Thomson Financial News)
Downward growth risks are materialising in the euro zone and inflation is expected to fall in the coming months, the European Central Bank said in the editorial of the November edition its monthly bulletin. As usual the editorial closely followed the monetary policy statement delivered by ECB President Jean−Claude Trichet the previous week. The ECB has cut rates by a full percentage point in the past six weeks as growth and inflation are slowing rapidly.
[ Full Story ]- Read full Monthly Bulletin at ECB
- ECB RESEARCH−Contents of ECB November bulletin (Thomson Financial News)
- The ECB monthly bulletin observes an unusually high degree of uncertainty (FXstreet.com)
- ECB: Outlook For Price Stability Has Improved Further (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 13 | 07:00 | DE | Gross Domestic Product w.d.a (YoY) (3Q)  | 0.8% | 1.0% | 1.7% |
| 08:15 | CH | Producer and Import Prices (MoM) (Oct) | -0.6% | -0.5% | -0.5% | |
| 08:15 | CH | Producer and Import Prices (YoY) (Oct) | 2.9% | 3.7% | ||
| 09:00 | EMU | ECB Monthly Report (Nov) | ||||
| 10:00 | CH | ZEW Survey − Expectations (Nov) | -88.5 | -91.1 | ||
| 12:00 | US | MBA Mortgage Applications (Nov 7) | 11.9% | |||
| 13:30 | US | Continuing Jobless Claims (Oct 31) | 3843K | |||
| 13:30 | US | Initial Jobless Claims (Nov 7) | 481K | |||
| 13:30 | CA | International Merchandise Trade (Sep) | $5.8B | |||
| 13:30 | US | Trade Balance (Sep) | -$59.14B | |||