Tuesday, Nov 18, 12:13 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: Trading Break Out's And Other Market Views by Phil Newton
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
Not much change from yesterday, the pair remains under selling pressure and so, bearish in bigger charts, yet moving sideways in 4 hours charts, with a strong support/congestion zone between 1.2580/1.2600 that's holding the downside.
FxBootcamp: Pre London Outlook November 18th 2008 by Wayne McDonell
Forex Trading Today: Our relationship may be "Crude"... but it works for Us!
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Nov 18, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Nov 18, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 18, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Nov 18, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Nov 18, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Nov 18, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily FX Report − The GBP is 1.8 % advance against the USD by Varengold Wertpapierhandelsbank AG
The GBP is 1.8 % advance against the USD. Yesterday the currency experienced the biggest one day gain since Oct 29th. The EUR/GBP even realized with 1.7 % its biggest decline since 8 years, while the GBP/USD three month implied options volatility reached an all time high of 24 %.
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USD/CHF
Daily Forex News − Forex − Risk aversion remains high in currencies after weak data and lower stock markets by ACM − Advanced Currency Markets
Market hit 1.2007 new 1−year high this morning. Further strength may open the way over 1.2153 trendline resistance. Next resistance holds 1.2463.
WEEKLY OUTLOOK
Weekly Technical Chart − EUR/GBP by Chart−Workshop
GBP has experienced a sharp decline and EUR/GBP will continue to benefit from Sterling weakness against other currencies, GBP/USD eventually to 1.3600 with 1.4300 along the way and 1.5260 important resistance right now.
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 PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Nov 18 | 13:30 | Producer Price Index (MoM) | -1.8% | -0.4% |
| Nov 18 | 13:30 | Producer Price Index ex Food & Energy (YoY) | 4% | 4% |
| Nov 18 | 13:30 | Producer Price Index (YoY) | 6.2% | 8.7% |
| Nov 18 | 13:30 | Producer Price Index ex Food & Energy (MoM) | 0.1% | 0.4% |
US economic indicators - PPI and CPI (Oct): sharp declines due to correction in energy prices by BHF−Bank
As average gasoline prices went down by 18% mom, we expect producer prices to have dropped by 2% mom in October, and consumer prices might also have declined by about 1% mom. The annual rates are falling rapidly, and CPI could be below 2% yoy at the end of Q1/2009.
[ Full Story ]Top Market Movers Review
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 18 | 09:30 | Consumer Price Index (MoM) | -0.2% | 0.1% | 0.5% |
| Nov 18 | 09:30 | Consumer Price Index (YoY) | 4.5% | 4.9% | 5.2% |
| Nov 18 | 09:30 | Core Consumer Price Index (YoY) | 1.9% | 2.2% | 2.2% |
DATA SNAP: UK October Annual CPI Slows To 4.5% Vs Sep 5.2% (Dow Jones)
The U.K.'s annual consumer price inflation rate slowed more than expected in October, showing the biggest deceleration in annual price rises since 1992, the Office for National Statistics said Tuesday.
[ Full Story ]- Read the CPI data at UK Statistics
- UPDATE 1−UK Oct inflation falls at record pace to 4.5 pct (Thomson Financial News)
- INSTANT VIEW 6−UK inflation falls more than expected in Oct (Thomson Financial News)
- INSTANT VIEW 5−UK inflation falls more than expected in Oct (Thomson Financial News)
Daily Forex Technical Report − Focusing Turning to UK CPI by ActionForex.com
Trading News Report - GBPUSD: Trading the U.K. Consumer Price Index by FXCM
Switzerland ADJUSTED REAL RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 18 | 08:15 | Adjusted Real Retail Sales (YoY) | 6.4% | 0.0% | 0.0% |
Swiss retail sales pick up strongly in September (FXstreet.com)
The global economic slowdown does not seem to be seriously affecting Swiss consumption, retail sales have posted a strong increase in September, according to figures released by the Swiss Statistics Office.
[ Full Story ]- Read the Retail Sales data at Swiss Federal Statistical Office
- Adjusted Swiss retail sales growth slows in Sept (Thomson Financial News)
- INSTANT VIEW 2−Swiss retail sales up 6.4 pct in Sept yr/yr (Thomson Financial News)
- TABLE−Swiss retail sales up 6.4 pct in Sept yr/yr (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 18 | 08:15 | CH | Adjusted Real Retail Sales (YoY) (Sep) | 6.4% | 0.0% | 0.0% |
| 09:30 | UK | Consumer Price Index (MoM) (Oct) | -0.2% | 0.1% | 0.5% | |
| 09:30 | UK | Consumer Price Index (YoY) (Oct) | 4.5% | 4.9% | 5.2% | |
| 09:30 | UK | Core Consumer Price Index (YoY) (Oct) | 1.9% | 2.2% | 2.2% | |
| 09:30 | UK | Retail Price Index (MoM) (Oct) | -0.3% | 0.1% | 0.6% | |
| 09:30 | UK | Retail Price Index (YoY) (Oct) | 4.2% | 4.6% | 5.0% | |
| 13:30 | US | Producer Price Index (MoM) (Oct) | -1.8% | -0.4% | ||
| 13:30 | US | Producer Price Index (YoY) (Oct) | 6.2% | 8.7% | ||
| 13:30 | US | Producer Price Index ex Food & Energy (MoM) (Oct) | 0.1% | 0.4% | ||
| 13:30 | US | Producer Price Index ex Food & Energy (YoY) (Oct) | 4% | 4% | ||