Wednesday, Nov 19, 12:17 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
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: Eur/Usd for today by Valeria Bednarik
Today will be a busy day as we have the BoE, CPI and FOMC Minutes coming out. Let's take a look at the EUR/USD. As you can see, the pair has been pretty stagnant right before the opening hours of the European session.
The Trader's Edge: EUR/USD and the Economic Calendar by Ross Yamashita
Forex Trading Today: Crude Oil and I... A Marriage? or a Passing Fling?
Live Sessions Schedule
Main Fundamental theme in the Currency market
Expert: Terri Belkas
Start: Wed, Nov 19, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
The FX Bootcamp Guide to Strategic and Tactical Forex Trading − Book Presentation
Expert: Wayne McDonell
Start: Wed, Nov 19, 15:00 GMT
Type of Session: Showroom
| Sponsored by | ||||
| Wed, Nov 19, 12:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Wed, Nov 19, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Wed, Nov 19, 14:00 GMT | Main Fundamental theme in the Currency market | Terri Belkas | WBN | |
| Wed, Nov 19, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
GBP/USD
Technical Summary for Majors − New 6−year low at 1.4560 on 13 Nov, followed by upswing to 1.5093 by Windsor Brokers Ltd
The 5−wave decline from 1.8672, 25 Sep reaction high, has set a new 6−year low at 1.4560 on 13 Nov, followed by upswing to 1.5093. Correction shy of 1.5260, 24 Oct old pivot low, warns the 5th wave from 1.6675, 30 Oct lower high, may extend towards its limit at 1.4303, equality of 1.7632/1.5260 downleg. Clearing 1.5260 would spur 38.2% retracement of 1.6675/1.4560 fall at 1.5368.
.
JPY
Daily Analysis − Japanese yen accelerate vs. the dollar, risk aversion by Finotec Group Inc.
The yen rose against the dollar and euro on Wednesday as investors continued to worry over a deepening global recession and sought safety in the Japanese currency, while Asian shares tumbled despite a rally on Wall Street yesterday. The yen is currently trading at 96.60 against the green back and at 121.80 versus the euro.
WEEKLY OUTLOOK
Weekly Update − The Chinese yuan is lower vs. the dollar at 6.8303 by Union Bank of California
America's currency continued to benefit from the recent trend of "safe−haven" flows as uncertainty in the global economic landscape and volatility in the equity markets left market participants skittish and risk averse.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Nov 19 | 13:30 | Consumer Price Index (MoM) | -0.8% | 0.0% |
| Nov 19 | 13:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.1% |
| Nov 19 | 13:30 | Consumer Price Index (YoY) | 4.1% | 4.9% |
| Nov 19 | 13:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.4% | 2.5% |
Daily Forex Technical Report − A Busy Day Featuring BoE and FOMC Minutes by ActionForex.com
Headline CPI in US is expected to moderate drop sharply by −0.8% mom in Oct, with year−over−year rate steeply down from 4.9% to 4.0%. Core CPI is expected to rose 0.2% with year−over−year rate down to 2.4%, after plateau at 2.5% for three consecutive months from Jul to Sep.
[ Full Story ]- U.S. futures sink; eyes on banks, autos, CPI, FOMC (Thomson Financial News)
US economic indicators - PPI and CPI (Oct): sharp declines due to correction in energy prices by BHF−Bank
Top Market Movers Review
UK CBI INDUSTRIAL TRENDS SURVEY − ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 19 | 11:00 | CBI Industrial Trends Survey − Orders (MoM) | -38 | -41 | -39 |
UK factory orders fall sharply in Nov,outlook grim (Thomson Financial News)
British factory orders continued to fall sharply in November and manufacturers are their most gloomy about future output in nearly 30 years, a survey showed on Wednesday.
[ Full Story ]- Read the Industrial Trends Survey at CBI
- UK CBI industrial trends survey shows output at 18−year low in November (FXstreet.com)
- TABLE−UK November factory orders fall (Thomson Financial News)
- United Kingdom CBI Industrial Trends Survey − Orders index edge up to −38 in Nov vs −39 in Oct (FXstreet.com)
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 19 | 09:30 | Bank of England Minutes | - | - | - |
BoE voted 9−0 for 150 bps Nov cut, considered more (Thomson Financial News)
Bank of England policymakers voted unanimously for this month's 150 basis point cut in interest rates, and even considered a bigger reduction given the sharp deterioration in prospects for inflation and the economy.
[ Full Story ]- Read full Minutes at the BoE
- BOE Agents Report Increase In Business Borrowing Costs (Dow Jones)
- U.S. futures sink; eyes on banks, autos, CPI, FOMC (Thomson Financial News)
- UPDATE 1−BoE voted 9−0 for 150 bps Nov cut, considered more (Thomson Financial News)
Daily Forex Technical Report − A Busy Day Featuring BoE and FOMC Minutes by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 19 | 00:30 | AU | New Motor Vehicle Sales (MoM) (Oct) | -0.5% | 0.4% | |
| 00:30 | AU | New Motor Vehicle Sales (YoY) (Oct) | -10.6% | -8.2% | ||
| 09:30 | UK | Bank of England Minutes | ||||
| 09:30 | AU | RBA's Governor Glenn Stevens Speech | ||||
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Nov) | -38 | -41 | -39 | |
| 12:00 | US | MBA Mortgage Applications (Oct) | -6.2% | 11.9% | ||
| 13:30 | US | Building Permits (MoM) (Oct) | 0.775M | 0.786M | ||
| 13:30 | CA | Canadian Investment in Foreign Securities (Sep) | $0.172B | |||
| 13:30 | US | Consumer Price Index (MoM) (Oct) | -0.8% | 0.0% | ||
| 13:30 | US | Consumer Price Index (YoY) (Oct) | 4.1% | 4.9% | ||