Friday, Nov 13, 11:56 GMT
U.S. Trading Newsletter
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To Get Started
- Learning Center. Chapter C01 - Developing a Trading System has been released
- Real-Time Economic Calendar: New 2.0 Design with upgraded charts and sound notifications
- Financial Trend Analysis leads the Top 10 reports on FXstreet.com. Read the full comment.
- WEBINAR VIDEOS: Economic and Technical View of the Currency Market by Rob Booker
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Forex Blogs
Tech Trading: USD/CHF Moves away from parity by César B. Leiceaga
Support area at 1,0030 capped any bearish implications for the moment on usd/chf. It seems like players want to hold the pair above parity showing technical traders a possible double bottom formation. Daily RSI shows a clear bullish divergence although price action remains below the 30,50 and 100 daily SMA these low USD levels invite me to start building a long position for a mid/long term trade.
Francesc's Weblog: FXstreet’s Walls… What the hell are they doing to my precious office? by Francesc Riverola
Trade Setuos: Clean Chart/Messy Chart by Phil Newton
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Live Sessions Schedule
Tracking the forex market together / Part II
Expert: Dr.S.Sivaraman
Start: Fri, Nov 13, 15:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Nov 13, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Nov 13, 12:00 GMT | Understanding Your Competition  | Sam Seiden | WBN |  |
| Fri, Nov 13, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Fri, Nov 13, 14:00 GMT | Live Trading Set Ups with Chart Patterns and Market Cycles | Raghee Horner | WBN | |
| Fri, Nov 13, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
EUR / USD is ready for a recovery
Swiss e Trade AG − The EUR / USD downward correction from recent highs at 1.5050 began Wednesday in European trading and accelerated yesterday to a low of 1.4821. Overnight the Asian market pushed the pair up and in early European trading it reached its current price of 1.4890. We think that the low for today has been seen already at 1.4821 and the EUR / USD is ready for a recovery. Share prices still dominate FX trading so we are watching equity markets, as well, for any signs of stabilizing.
GBP/USD
The bounce in GBP USD came a little higher than the expected 1.6484 support by ACM − Advanced Currency Markets
The bounce in GBP USD came a little higher than the expected 1.6484 support, attracting bids in the 1.6510 region as shorts covered at the lower end of the short term downtrend.
USD/JPY
USD/JPY: Dollar plunges to 89.70, pares Thursday's gains by FXstreet.com
The Dollar has failed to break above 90.40 level on early European session, and the pair has plunged to 89.70 low, giving away all the ground taken on Thursday's rally.
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
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
Event of the Week
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 10 | 10:00 | ZEW Survey − Economic Sentiment | 51.1 | 54.0 | 56.0 |
Top Fundamental Stories - Euro zone ZEW survey for economic sentiment declines by ecPulse.com
The euro zone's ZEW survey, regarding economic sentiment, slipped after rising lately; this meant that European confidence was still shaky, despite latest measures taken by the government and European Central Bank (ECB).
[ Full Story ]- Read the Economic Sentiment data at ZEW Institute
- Forex: EUR/USD sheds some gains as German business sentiment drops (FXstreet.com)
- UPDATE: Nov ZEW Econ Expectations 51.1 Vs 56.0 In Oct (Dow Jones)
- DATA SNAP: Nov ZEW Econ Expectations 51.1 Vs 56.0 In Oct (Dow Jones)
Daily Forex Strategy Briefing - EUR/USD at Important Resistance by CMS Forex
Fundamental Currencies Comments - The Dollar Inches Up After European Data by ecPulse.com
European Market Update - German ZEW suggest that recovery is fragile by TradeTheNews.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 13 | 07:00 | DE | Gross Domestic Product n.s.a (YoY) (3Q)  | -4.7% | -5.0% | -7.0% |
| 07:00 | DE | Gross Domestic Product s.a (QoQ) (3Q) | 0.7% | 0.8% | 0.4% |
|
| 08:15 | CH | Producer and Import Prices (MoM) (Oct) | -0.4% | 0.1% | 0.2% | |
| 08:15 | CH | Producer and Import Prices (YoY) (Oct) | -4.7% | -4.1% | -4.9% | |
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (3Q) | 0.4% | 0.6% | -0.2% | |
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (3Q) | -4.1% | -3.9% | -4.8% | |
| 13:30 | US | Import Price Index (MoM) | 1.1% | 0.1% | ||
| 13:30 | US | Import Price Index (YoY) | -5.5% | -12.0% | ||
| 13:30 | CA | International Merchandise Trade (Sep) | -$0.8B | -$2.0B | ||
| 13:30 | US | Trade Balance | -$32.0 | -$30.7B | ||
Educational Resources
Indicators have both their advantages and their disadvantages. Most new traders think that all that is needed to be consistently profitable in the Forex markets is to follow the signals of when to buy and sell when the indicator gives them, and then the rest will just work itself out. Ask any veteran trader if they do things like this, however, and I am sure the answer will likely come back as a resounding no! Read Sam Evans' article!
Also in this week's Lessons From the Pros
Your Belief System is Highly Correlated with Your Results by Diana Hill