Friday, Nov 14, 12:10 GMT
U.S. Trading Newsletter
Rates and charts new section
Chart Station by Netdania/FXCM micro in the place!
Compare up to 22 different pairs at the same time, detach them, move them around, see them full screen size... and much more!
7 chart types, 13 different time frames, flexible line tools and 23 technical indicators that can be laid over the price action.
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 Blog: Eur/Usd for today by Valeria Bednarik
One of the things that get's me into forex market is that you can never get bored here. Always some different pair or time frame to look. Instead of the classic 4 hours charts, today I will try to follow, at least for the next hours, this 30 minutes chart you can see after the explanation.
1st on Forex: Dollar Acting Schizoid Ahead of G20 by Jerry Furst
Forex Trading Today: Ahoy There, Your Majesty! by Tim Salem
Live Sessions Schedule
FX Market Pulse
Expert: Raghee Horner
Start: Fri, Nov 14, 14:00 GMT
Type of Session: Webinar
Banging around the Bands
Expert: Chris Capre
Start: Fri, Nov 14, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Nov 14, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Nov 14, 14:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Nov 14, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Nov 14, 15:00 GMT | Banging around the Bands | Chris Capre | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Trading Forecast − G20 Ad Portas by Swiss e Trade AG
In very low volatility (and in sharp contrast to the previous days), cable is caught in a narrow trading range this European morning between 1.4890 and 1.4820. We expect the downside support at 1.4820 to be broken in today's trading, leading to prices around 1.4700.
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EUR/USD
Currency Technical Report − High volatility is a result of low liquidity by FXGreece
Technically, the price moves within the ranges of the wider sideways consolidation that is being formed. Its ranges are really wide, between 1,2350−2450 and 1,3270−3330 area.
JPY
Daily Analysis − Yen rises before G20 meeting as global economy enters into a recession by Finotec Group Inc.
The Japanese yen rose, heading for weekly gains against the dollar and the euro. Japan's currency climbed this week against the Australian and New Zealand dollars on speculation a Group of 20 nations summit starting today will fail to reach a consensus.
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Nov 14 | 13:30 | Retail Sales (MoM) | -1.4% | -1.2% |
| Nov 14 | 13:30 | Retail Sales ex Autos (MoM) | -1.0% | -0.6% |
Trading News Report - U.S. Dollar: Retail Sales on Tap − How Will the Greenback React? by FXCM
Economic activity is expected to weaken further in the U.S. as market participants anticipate retail spending to fall 2.1% in October. A fourth consecutive monthly decline in sales would certainly heighten the downside risks to growth as private−sector consumption.
[ Full Story ]Daily Forex Technical Report − Markets Indecisive after Dramatic Reversal by ActionForex.com
Daily Currency Market Focus - Has the US Dollar Hit a Top or is this a Mirage? by GFT (Global Forex Trading)
Top Market Movers Review
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 14 | 10:00 | Gross Domestic Product s.a. (QoQ) | -0.2% | -0.1% | -0.2% |
| Nov 14 | 10:00 | Gross Domestic Product s.a. (YoY) | 0.7% | 0.7% | 1.4% |
DATA SNAP: Euro−Zone Economy In Recession For First Time (Dow Jones)
The euro−zone economy is in recession, with output having contracted in two consecutive quarters for the first time since the currency area was formed in 1999.
[ Full Story ]- UPDATE 1−Euro zone in recession, boosting case for ECB rate cut (Thomson Financial News)
- TOPWRAP 4−Euro zone in recession, world leaders head for summit (Thomson Financial News)
- INSTANT VIEW 6−Euro zone plunged into recession in Q3 (Thomson Financial News)
Daily Forex Technical Report − Markets Indecisive after Dramatic Reversal by ActionForex.com
Sunrise Market Commentary - euro zone calendar contains the first estimate of Q3 GDP growth and the October CPI figures by KBC Bank
EMU economic indicators - German, French, Italian and EMU GDP growth (Q3): down by BHF−Bank
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 14 | 10:00 | Consumer Price Index (MoM) | 0.0% | 0.1% | 0.2% |
| Nov 14 | 10:00 | Consumer Price Index − Core (YoY) | 1.9% | - | 1.9% |
| Nov 14 | 10:00 | Consumer Price Index (YoY) | 3.2% | 3.2% | 3.6% |
DATA SNAP: Euro−Zone CPI Slows Again In Oct, +3.2% On Year (Dow Jones)
The annual rate of euro−zone inflation fell again in October as the year−on−year rate of energy and food price increases slowed. Prices in the 15 countries that share the euro were unchanged on the month and were up 3.2% on the year in October.
[ Full Story ]- Read the CPI data at Eurostat
- UPDATE: Euro−Zone Oct CPI Falls To 9−Mo Low Of +3.2% On Year (Dow Jones)
- Euro Area CPI continued moderating in October (FXstreet.com)
- TABLE−Harmonised EMU−15/EU−27 inflation for October (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 14 | 07:00 | DE | Consumer Price Index (MoM) (Oct) | -0.2% | -0.2% | -0.1% |
| 10:00 | EMU | Consumer Price Index − Core (YoY) (Oct) | 1.9% | 1.9% | ||
| 10:00 | EMU | Consumer Price Index (MoM) (Oct) | 0.0% | 0.1% | 0.2% | |
| 10:00 | EMU | Consumer Price Index (YoY) (Oct) | 3.2% | 3.2% | 3.6% | |
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (3Q)  | -0.2% | -0.1% | -0.2% | |
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (3Q) | 0.7% | 0.7% | 1.4% | |
| 13:30 | EMU | ECB Trichet's Speech | ||||
| 13:30 | US | Fed's Bernanke Speech (Oct) | ||||
| 13:30 | US | Import Price Index (MoM) (Oct) | -4% | -3% | ||
| 13:30 | US | Import Price Index (YoY) (Oct) | 18.7% | |||