Thursday, Nov 20, 12:03 GMT
U.S. Trading Newsletter
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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
Despite yesterday's high near to 1.2810, the pair remains bearish in bigger charts, and from a technical perspective, forming a continuation triangle: final objective for this figure, will be close to 1.1800.
Forex Trading Today: The Other Woman I Love... Gold by Tim Salem
FX Market Readings: Quick drp in GBP and AUD by Dr. S. Sivaraman
Live Sessions Schedule
MONTHLY WEBINAR: Forex in Five: Full time strategies for part time traders − Part 1
Expert: Raghee Horner
Start: Thu, Nov 20, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 20, 14:00 GMT | MONTHLY WEBINAR: Forex in Five: Full time strategies for part time traders − Part 1 | Raghee Horner | WBN |  |
| Thu, Nov 20, 16:00 GMT | MONTHLY WEBINAR: Forex in Five: Full time strategies for part time traders − Part 2  | Raghee Horner | WBN | |
| Fri, Nov 21, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Nov 21, 11:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Daily Forex News − Forex − Worries grew about US auto industry and Fed warning about deflation t by ACM − Advanced Currency Markets
Market dropped as low as 1.4558 last Thursday in current 3−month downtrend dropping from late October 1.6673 high. Strong supports hold 1.4560 trendline and 1.3682 March 2001 low. On the upside, strong resistance holds 1.6673 30th October high ahead of 1.7080 (38.2% retracement of 2.1161 – 1.4558). Further resistance holds 1.7860 (50% retracement). Yesterday volatile market hit 1.5250 high before reversing to 1.4973.
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EUR/USD
Technical Summary for Majors − Retreating sharply from Wednesday's rejection of a falling trendline drawn off 1.3300 by Windsor Brokers Ltd
Retreating sharply from Wednesday's rejection of a falling trendline drawn off 1.3300, 30 Oct recovery high, while a potential falling wedge continues to unfold.
JPY
Daily Analysis − Worries over global recession, credit markets remain bearish, Yen rises by Finotec Group Inc.
Yen−buying gained steam in the afternoon as a slide in the Nikkei share average accelerated, with Japan's benchmark index tumbling 6.9 percent.
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 INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Nov 20 | 13:30 | Continuing Jobless Claims | - | 3897K |
| Nov 20 | 13:30 | Initial Jobless Claims | 508K | 516K |
US economic indicators - Initial jobless claims jumped by 32k to 516k in the week ending November by BHF−Bank
Initial jobless claims jumped by 32k to 516k in the week ending November, the highest level since September 2001 in the aftermath of the terrorist attacks. We expect jobless claims to remain above 500k in the near future, and they might only have fallen slightly to 510k in the week ending 15 November.
[ Full Story ]Top Market Movers Review
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 20 | 09:30 | Retail Sales (MoM) | -0.1% | -0.8% | -0.5% |
| Nov 20 | 09:30 | Retail Sales (YoY) | 1.9% | 1.5% | 1.7% |
DATA SNAP: UK Oct Retail Sales −0.1%MM, Better Than Expected (Dow Jones)
U.K. monthly retail sales fell again in October, but by less than expected, data from the Office for National Statistics showed Thursday.
[ Full Story ]- Read the Retail Sales data at UK Statistics
- UPDATE 1−UK retail sales fall less than expected in Oct (Thomson Financial News)
- INSTANT VIEW 8−UK Oct retail sales, public finances data (Thomson Financial News)
- UPDATE: UK Oct Retail Sales −0.1%MM, Better Than Expected (Dow Jones)
Trading News Report - GBP/USD: Trading the U.K. Retail Sales Release by FXCM
Friday Notes - Spending set to contract further by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 20 | 09:30 | UK | CML Gross Mortgage Lending s.a. | £18.7B | £17.5B |
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| 09:30 | UK | M4 Money Supply (MoM) (Oct)  | 2.3% | 0.8% | 1.5% | |
| 09:30 | UK | M4 Sterling Lending (Oct) | £52.8M | £33.1B | ||
| 09:30 | UK | Public Sector Net Borrowing (Oct) | £1.4B | £0.5 | £8.1B | |
| 09:30 | UK | Retail Sales (MoM) (Oct) | -0.1% | -0.8% | -0.5% |
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| 09:30 | UK | Retail Sales (YoY) (Oct) | 1.9% | 1.5% | 1.7% |
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| 13:30 | US | Continuing Jobless Claims (Nov 8) | 3897K | |||
| 13:30 | US | Initial Jobless Claims (Nov 15) | 508K | 516K | ||
| 13:30 | CA | Wholesale Sales (MoM) (Sep) | -0.5% | -1.5% | ||
| 15:00 | US | Leading Indicators (MoM) (Oct) | -0.6% | 0.3% | ||