Wednesday, Nov 11, 12:03 GMT
U.S. Trading Newsletter
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Forex Blogs
The Advisor Weblog: Gold technical perspective by Valeria Bednarik
I have been following gold for a long time now, as we have been talking about how is one of the main reasons of dollar weakness. Before the metal broke the previous historical high of 1031, I draw a Fibonacci expansion in the daily chart, and if you take a look, levels had been acting quite well as support and resistance.
The Trader’s Edge: EUR/USD Outlook by Ross Yamashita
Francesc’s Weblog: A Custody Battle in the Currencies Market by Francesc Riverola
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Live Sessions Schedule
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Nov 11, 15:00 GMT
Type of Session: Webinar
Forex Basics Series: Chapter 7 − Average True Range
Expert: Valeria Bednarik
Start: Wed, Nov 11, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 11, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Nov 11, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Nov 11, 15:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
| Wed, Nov 11, 16:00 GMT | Forex Basics Series: Chapter 7 − Average True Range | Valeria Bednarik | WBN | |
Current Session: Europe − U.S.
ACM − Advanced Currency Markets − GBP/USD Current price: 1.6667. We spoke yesterday of waiting for fresh short signals and hey presto, the daily chart yesterday printed a ‘hanging man' candle which are topping candles. The last time we saw one we had a 4 figure drop in one day. It is interesting to note that this formation is occuring right on the 2 year downtrend line and is accompanied by some notable RSI divergence, so while it may well be prudent to wait for some confirmation before getting short given the recent action in risk assets over the last few days, I most definitely would not be long no matter how many others are telling me to do so.
EUR/USD
EUR/USD marked at 1.5030 by Swiss e Trade AG
Trading currently at 1.5030, the pair seems to attack the 1.5050 level. We do not expect this mark to be broken substantially today
AUD/USD
Daily Technical Strategist by FXTechstrategy
The pair was seen strengthening today shrugging off its Tuesday negative close and leaving further upside risk …
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Event of the Day
UK BANK OF ENGLAND QUARTERLY INFLATION REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 11 | 10:30 | Bank of England Quarterly Inflation Report | - | - | - |
Forex: GBP/USD collapses as BOE sees slow recovery (FXstreet.com)
The Sterling is falling quickly against the Dollar on the back of the BoE quarterly inflation report released today and the Mervin King comments. The GBP/USD has fallen around 200 pips after reaching 1.6800 level as daily high ahead the report to test 1.6600 level.
[ Full Story ]- Read the Inflation Report at BoE
Preview: BoE Quarterly Inflation Report by RANsquawk
Daily Forex News - Forex − Sterling Benefits From ILO Unemployment Data, Market Awaits BoE Report by ACM − Advanced Currency Markets
Economics Weekly - Focus on EU economic trends and BoE Inflation Report by Lloyds TSB Financial Markets
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. Excluding petroleum products, the trade balance was probably little changed as exports and imports were both lifted by the solid recovery of the US and global economy in autumn.
[ 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 11 | 00:00 | CA | Remembrance Bank Holiday | |||
| 00:00 | US | Veterans Day Bank Holiday | ||||
| 09:30 | UK | Average Earnings including Bonus (3Mo/Yr) | 1.2% | 1.5% | 1.6% | |
| 09:30 | UK | Claimant Count Rate | 5.1% | 5.1% | 5.0% | |
| 09:30 | UK | ILO Unemployment Rate (3M) (Sep) | 7.8% | 8.0% | 7.9% | |
| 09:30 | UK | Jobless Claims Change | 12.9K | 20.2K | 20.8K | |
| 10:30 | UK | Bank of England Quarterly Inflation Report | ||||
| 10:30 | UK | BoE's Governor King Speech | ||||
| 21:30 | NZ | Business NZ PMI | 47 | |||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Sep) | 0.4% | 1.2% | ||
Educational Resources
Properly Thinking the Forex Market
One of the main problems new traders have when they begin their journey down the education path to self empowerment is that they skip the most important first step: How to properly "think" money and markets. Today, let's take a walk through the history of one of the best trending markets in the world, Forex. It is an important first step in properly thinking the Forex markets which is key when attaining an edge in anything we do. The more prepared we are, the more we understand, the better the results. Read Sam Seiden's article
Also in this week's Lessons From the Pros
The Latest Indicators are Out and this Could be an Opportunity of a Lifetime by Diana Hill