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Forex Blogs
Tech Trading: EUR/GBP Range trade? by César B. Leiceaga
0,9060 resistance has been put to test during today's session. Price action stepped back from resistance and now trading 40 pips below near the 38,20% Fib support from the whole move 0,8896 − 0,9064. This level belongs to 0,9000 (also 4 hour 50 SMA), a rebound from here could indicate a further euro bull move to 0,9100 region. Otherwise trade the 100−150 pip range…
The Advisor Weblog: Gbp/Usd levels to watch by Valeria Bednarik
FX Market Readings: Market is gaining momentum by Dr. S. Sivaraman
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What Traders Need to Know About Indicator Failure in Technical Analysis | Forex Trading − Free Access Day
Expert: Mark Whistler
Start: Thu, Nov 12, 15:00 GMT
Type of Session: Webinar
Combining Candlesticks with Western Technical Analysis − Free Access Day
Expert: James Chen
Start: Thu, Nov 12, 17:00 GMT
Type of Session: Webinar
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| Thu, Nov 12, 12:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Nov 12, 13:00 GMT | US Pre−Market Open − Free Access Day | Ed Ponsi | WBN |  |
| Thu, Nov 12, 14:00 GMT | Pip Movement Ranges for Better Trade Management − Free Access Day | Raghee Horner | WBN | |
| Thu, Nov 12, 14:30 GMT | US Session Open − Free Access Day | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
GBP/USD: 1.6484 likely to provide a bounce on the way down
ACM − Advanced Currency Markets − Looking at the daily chart, the most obvious place cable is looking to go is 1.6272 with 1.6484 likely to provide a bounce on the way down. A bounce from that level back into the 1.6620 region would look like a pretty good short entry point for the counter trend traders while the momentum players will likely wait for a break below 1.6484.
EUR/USD
With the recent break below 1.4970 a top has been confirmed at 1.5049 by www.deltastock.com
With the recent break below 1.4970 a top has been confirmed at 1.5049 and the pair entered a larger corrective phase towards 1.4915, en route to 1.4836. Intraday bias is negative for 1.4915 with a risk−limit above 1.5015.
GOLD
A bearish move may be underway for Gold today by ForexYard
Gold has experienced much volatility today, as it now stands at the $1120 mark. The RSI of the daily chart shows that the commodity is floating in the overbought territory, signaling that a bearish move may be underway for Gold today.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Event of the Day
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 12 | 10:00 | Industrial Production w.d.a. (YoY) | -12.9% | -14.2% | -15.1% |
| Nov 12 | 10:00 | Industrial Production s.a. (MoM) | 0.3% | 0.6% | 1.2% |
DATA SNAP: Euro−Zone Sep Indus Output Rises For Fifth Month (Dow Jones)
[ Full Story ]- Forex: EUR/USD edges up from 1.4925 as Industrial production increases (FXstreet.com)
- Euro Zone Sep Industrial Production rises 0.3% MoM, falls 12.9% YoY (FXstreet.com)
Top Fundamental Stories - Europe Ahead: Euro Zone Will Release Important Data Ahead of the GDP by ecPulse.com
EMU economic indicators - EMU industrial production (September): Unchanged by BHF−Bank
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 12 | 04:00 | JP | Tokyo Condominium Sales (YoY) (Oct) | -20.0% | -6.2% | |
| 09:00 | EMU | ECB Monthly Report | ||||
| 10:00 | EMU | Industrial Production s.a. (MoM) (Sep) | 0.3% | 0.6% | 1.2% |
|
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Sep) | -12.9% | -14.2% | -15.1% |
|
| 10:00 | CH | ZEW Survey − Expectations (Nov) | 56.4 | 65.0 | ||
| 12:00 | US | MBA Mortgage Applications (Nov 13) | 3.2% | 8.2% | ||
| 13:30 | US | Continuing Jobless Claims (Oct 31) | 5700K | 5749K | ||
| 13:30 | CA | New Housing Price Index (MoM) | 0.2 | 0.1 | ||
| 13:30 | US | Initial Jobless Claims | 512K | 512K | ||
| 16:00 | US | API Crude Oil Inventories | 1.1M | -3.5M | ||