Friday, Nov 21, 11:56 GMT
U.S. Trading Newsletter
Forex Essentials Course
21 lessons to get started in the Forex Market by LearningMarkets.com
From the Basics to the Portfolio Management, going through key topics for your learning such as Margin and Leverage, Support and Resistance, Fibonacci Analysis or Reversal Patterns. Specially built for beginners and for those who want to refresh their knowledge.
Definitely an extensive review of the Forex that you can't miss.
More educational resources in the education section
To Get Started
- Webinar Videos: Tell me the Fibonacci ratios don't work - Harmonic Patterns by Sunil Mangwani
- 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
The pair is slightly bullish in 4 hours charts, yet with no signs of breaking to the upside, just in continuing the lateralization: with a first resistance at 1.2646, above this point the pair could came close to 1.2700, and above this to the most important zone @ 1.2740.
Forex Trading Today: Why I still Love my Nemesis…Gold by Tim Salem
FX Market Readings: European session started as expected by Dr. S. Sivaraman
Live Sessions Schedule
Introduction to Trading Risk Control
Expert: Carlos Rocha
Start: Fri, Nov 21, 13:00 GMT
Type of Session: Webinar
Topics
− Diversify Positions
− Proper Trading Position
| Sponsored by | ||||
| Fri, Nov 21, 12:00 GMT | Moving Averages  | Valeria Bednarik | WBN |  |
| Fri, Nov 21, 13:00 GMT | Introduction to Trading Risk Control | Carlos Rocha | WBN | |
| Fri, Nov 21, 14:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Nov 21, 15:00 GMT | Banging around the Bands | Chris Capre | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast − USD Buoyed Again by Swiss e Trade AG
The recovery of the EUR / USD from a low of 1.2424 in Asian trading was enforced this European morning and the pair is currently trading at 1.2620, near a broader resistance zone. We expect trading to move into this zone, eventually meeting the upper limit at 1.2690 for today.
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GBP/USD
Daily Forex News − Forex − Currency market remains nervous about $25 billion automakers request by ACM − Advanced Currency Markets
Market dropped as low as 1.4558 last week in current 3−month downtrend dropping from late October 1.6673 high. Strong supports hold 1.4560 trendline and 1.3682 March 2001 low.
USD
Daily Analysis − US Dollar Shows Stability as Economy worries Grow by Finotec Group Inc.
The Dollar is trading around the levels of 1.2540 against the Euro, around the levels of 95.05 against the Yen and around the levels of 1.4865 against the sterling.
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
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Nov 21 | 12:00 | Consumer Price Index (MoM) | -0.2% | 0.1% |
| Nov 21 | 12:00 | Bank of Canada Consumer Price Index Core (YoY) | 1.9% | 1.7% |
| Nov 21 | 12:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.0% | 0.4% |
| Nov 21 | 12:00 | Consumer Price Index (YoY) | 3.4% | 3.4% |
Trading News Report - USD/CAD: Trading the Canadian Consumer Price Index by FXCM
Prices pressures in Canada are expected to weaken further as economists forecast the consumer price index to slip to an annual reading of 3.1% from 3.4% in September. Falling oil prices paired with the slowdown in the economy has certainly helped to curb the upside risks for inflation, and may weaken further over the coming months as commodity prices continues to tumble lower.
[ Full Story ]Daily Forex Technical Report − Dollar and Yen Pare Overnight Gains as Stocks Rebound by ActionForex.com
Top Market Movers Review
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 21 | 09:00 | Purchasing Manager Index Manufacturing | 36.2 | 40.5 | 41.1 |
| Nov 21 | 09:00 | Purchasing Manager Index Services | 43.3 | 45.2 | 45.8 |
Euro Zone manufacturing PMI dips lower in November (FXstreet.com)
Activity in Euro Zone's manufacturing as well as services sector has weakened further in November according to the Flash estimate Purchasing Managers Index.
[ Full Story ]- UPDATE 1−Eurozone PMIs plummet, calls grow for larger ECB cut (Thomson Financial News)
- INSTANT VIEW 4−Markit Nov Eurozone flash PMIs hit record lows (Thomson Financial News)
- INSTANT VIEW 2−Markit Nov Eurozone flash PMIs hit record lows (Thomson Financial News)
Daily Forex Technical Report − Dollar and Yen Pare Overnight Gains as Stocks Rebound by ActionForex.com
EMU economic indicators - RBS PMI manufacturing indices Germany and EMU (November): down by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 21 | 04:46 | JP | BoJ Interest Rate Decision | 0.3% | 0.3% | |
| 08:30 | DE | Purchasing Manager Index Manufacturing (Nov)  | 36.7 | 42.0 | 42.9 | |
| 08:30 | DE | Purchasing Manager Index Services (Nov) | 46.2 | 47.8 | 48.3 | |
| 09:00 | EMU | Purchasing Manager Index Manufacturing (Nov) | 36.2 | 40.5 | 41.1 | |
| 09:00 | EMU | Purchasing Manager Index Services (Nov) | 43.3 | 45.2 | 45.8 | |
| 11:56 | JP | BoJ Press Conference | ||||
| 12:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Oct) | 0.0% | 0.4% | ||
| 12:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Oct) | 1.9% | 1.7% | ||
| 12:00 | CA | Consumer Price Index (MoM) (Oct) | -0.2% | 0.1% | ||
| 12:00 | CA | Consumer Price Index (YoY) (Oct) | 3.4% | 3.4% | ||