Monday, Nov 09, 12:12 GMT
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Forex Blogs
Tech Trading: GBP/USD Breaks 1,6740 by César B. Leiceaga
Cable has just breached a meaningful resistance level at 1,6740 unleashing a stream of stop−loss orders pushing price to 1,6800. This kind of moves should be exploited by a breakout traders! This level now becomes a support area and unless it's only represents a upward stop hunt, buyers may push sterling to 1,7000 psychological level over the coming sessions.
Francesc's Weblog: FXstreet.net - The Russian Site for FXstreet.com by Francesc Riverola
FX Market Readings: Week beginning -false moves by Dr. S. Sivaraman
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Nov 9, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Nov 9, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 9, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Nov 9, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Nov 9, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Nov 9, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
Current Session: Europe − U.S.
Risk Appetite Supported By US Unemployment After Knee−Jerk Correction
ACM − Advanced Currency Markets − The breakout of the short term downtrend at 1.4930 / 50 and subsequent strong rally at the start of the Asian session above those levels means the medium term uptrend looks to be back in play. The last hope for EURUSD bears that this move is merely a retracement of the 1.5060−1.4625 move seems to be under threat as the pair teeters around/above 1.4970 (which represents 78.6% fibonacci retracement).
AUD/USD
We have met the target for an ABC correction at 0.9255 by Turtle Futures
We have met the target for an ABC correction at 0.9255 and are still pushing higher. 161.8% extension would take us to 0.9287 where we should expect some resistance.
GOLD
Gold Reaches $1,100 an Ounce! by ForexYard
Gold prices rose significantly in the last week and peaked at $1103.25 for an ounce. However, the 4−hour chart's RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Financial Trend Analysis , KBC , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Event of the Day
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 9 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | -12.9% | - | -15.8% |
| Nov 9 | 11:00 | Industrial Production s.a. (MoM) | 2.7% | 1.3% | 1.8% |
DATA SNAP: German Indus Output Climbs in September (Dow Jones)
[ Full Story ]EMU economic indicators - Output in the German producing sector (September): up by BHF−Bank
Friday Notes - Industrial Production: Will continue to recover by UniCredit Group
Event of the Week
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 13 | 13:30 | Trade Balance | - | -$32.0 | -$30.7B |
Friday Notes - Trade deficit to widen again slightly by UniCredit Group
Crude oil prices fell by about 4% between August and September. But this should have been more than offset by a rebound in the quantity of imported oil, which dropped by more than 10% in August.
[ Full Story ]US economic indicators - Trade balance (Sep): widening deficit by BHF−Bank
The Week Ahead - Jobless Claims, Federal Budget, UMI Sentiment and Trade Balance by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 9 | 00:30 | AU | ANZ Job Advertisements (Oct) | -1.7% | 4.4% | |
| 00:30 | AU | Home Loans (Sep) | 5.1% | 3.1% | -1.9% |
|
| 07:00 | DE | Trade Balance (Sep) | 10.6B | 12.3B | 8.1B |
|
| 09:30 | EMU | Sentix Investor Confidence (Nov) | -7.0 | -9.8 | -12.6 | |
| 11:00 | DE | Industrial Production s.a. (MoM) (Sep) | 2.7% | 1.3% | 1.8% |
|
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Sep) | -12.9% | -15.8% |
||
| 13:15 | CA | Housing Starts s.a (YoY) (Oct) | 157.0K | 150.1K | ||
| 21:34 | NZ | Credit Card Spending (Oct) | -2.3% | |||
| 23:50 | JP | Adjusted Current Account (Sep) | ¥1.53T | ¥1233.60B | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Oct) | 3.2% | 3.0% | ||
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