Tuesday, Nov 17, 12:02 GMT
U.S. Trading Newsletter
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Forex Blogs
Tech Trading: EUR/GBP Breaking 0,8900 support by César B. Leiceaga
The breakout of the trading range formed between 0,8900 and 0,9050 will probably lead the pair lower to 0,8800 − 0,8820 region (61,80% Fib reference from the whole move 0,8450−0,9400) Price action is hovering around the 100 and 200 day moving average on the daily chart, undoubtedly a convergence spot to bear in mind for the euro bulls. Keep an eye on 0,8800 area.
Francesc's Weblog: Forex Mobile Site Breaks 2,000 Unique Visitors Level First-Time Ever by Francesc Riverola
FX Market Readings: Prolonged higher level swings by Dr. S. Sivaraman
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Nov 17, 15:00 GMT
Type of Session: Webinar
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Nov 17, 17:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 17, 14:00 GMT | Fundamental Analysis − Looking forward  | Adam Rosen | WBN |  |
| Tue, Nov 17, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Nov 17, 17:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
| Tue, Nov 17, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
Below 1.4893, the Euro could decline to 1.4696
Turtle Futures − Got a good wave count here with this either being the start of wave three or wave C in an ABC sequence. Either way we should be heading lower. We have hit some resistance at 1.4920 (was resistance now support). I am expecting a break here then looking to take off half the trade at 1.4893 (which is the daily trend line). If we break there it should be impulsively and take us down to 1.4696, my third wave target, pretty quickly.
EUR/GBP
Levels to watch are 0.8830/20 and the figure 0.8800 by Chart−Workshop
EUR/GBP Weekly Candlestick Chart. Price action just approaching the target set out in last weeks paper at 0.8850. The 55 SMA, which is currently at 0.8867 should now be used for directional bias on the short term.
GBP/USD
GBPUSD: Threats Remain To The Upside0 by FXTechstrategy
The pair was seen threatening further upside in early trading today reversing its intra day losses off 1.6795 and targeting its immediate resistance residing at the 1.6875 level(Nov 16.09 high).
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , 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
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 17 | 13:30 | Producer Price Index (YoY) | - | -1.8% | -4.8% |
| Nov 17 | 13:30 | Producer Price Index (MoM) | - | 0.6% | -0.6% |
Daily Currency Report - US PPI release could impact on the major currencies this afternoon by ODL Securities
[ Full Story ]Event of the Week
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 18 | 13:30 | Consumer Price Index (YoY) | - | -0.3% | -1.3% |
| Nov 18 | 13:30 | Consumer Price Index (MoM) | - | 0.2% | 0.2% |
Friday Notes - No inflation pressure in sight by UniCredit Group
Seasonally adjusted gasoline prices rose mildly in October, but natural gas prices surged by about 30%. As a result of the monthly 0.2% increase, the yoy inflation rate would rise further to −1⁄4%, which is the highest since March.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 17 | 09:30 | UK | Core Consumer Price Index (YoY) (Oct) | 1.8% | 1.7% | 1.7% |
| 09:30 | UK | Retail Price Index (MoM) (Oct) | 0.3% | 0.0% | 0.4% | |
| 09:30 | UK | Retail Price Index (YoY) (Oct) | -0.8% | -0.9% | -1.4% | |
| 10:00 | EMU | Trade Balance n.s.a. (Sep) | €3.7B | -€2.3B |
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| 10:00 | EMU | Trade Balance s.a. (Sep) | €6.8B | -€0.9B | €2.2B |
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| n/a | UK | BoE Inflation Letter | ||||
| 13:30 | US | Producer Price Index (MoM) (Oct) | 0.6% | -0.6% | ||
| 13:30 | US | Producer Price Index (YoY) (Oct) | -1.8% | -4.8% | ||
| 13:30 | US | Producer Price Index ex Food & Energy (MoM) (Oct) | 0.1% | -0.1% | ||
| 13:30 | US | Producer Price Index ex Food & Energy (YoY) (Oct) | 1.4% | 1.8% | ||
Educational Resources
Today, there literally are hundreds of technical studies. For this reason, some of the more traditional studies are starting to work again. Doug Dawson outlines the benefits of using Pivot Point analysis to trade the markets. Read Doug Dawson's article !
Related Resources
Pivot Point Analysis - Report by Don Dawson
Different methods for calculating pivot points - Q&A Session Transcript by Dan Johnson
Pivot Points in Forex - Report by Raul Lopez
Chapter B01: Technical Indicators - from our Learning Center