Wednesday, Nov 18, 11:58 GMT
U.S. Trading Newsletter
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Forex Blogs
Tech Trading: GBP/JPY Warns a breakout by César B. Leiceaga
The big triangular pattern and narrowing bollinger bands are warning a breakout that could easily happen today after the BOE's Minutes is released.
FX Market Readings: Mid week -volatile moves by Dr. S. Sivaraman
Chartology: Intraday EUR/USD Rallies Towards 1.4900 by Raghee Horner
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Live Sessions Schedule
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Nov 18, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Nov 18, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 18, 14:00 GMT | Short term trading strategies  | Valeria Bednarik | WBN |  |
| Wed, Nov 18, 15:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
| Wed, Nov 18, 17:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
| Wed, Nov 18, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe − U.S.
A downward correction could set in now, but not below the 1.4910 mark
Swiss e Trade AG − The pair continues its uptrend in early European trading, right now at 1.4942 testing the 1.4950 minor resistance mark after yesterday`s lows around 1.4810. A downward correction could set in now, but not below the 1.4910 mark. Later, another upmove is in the cards, breaking the 1.4950 level, leading to a test of the 1.5020 major resistance.
GBP/USD
Cable dropped from 1.6824 to an intraday low of USD1.6758 on Boe Minutes by FOREX.com
Cable dropped from USD1.6824 ahead of the data to an intraday low of USD1.6758 before bouncing. It is presently little changed from the London open. The bounce in EUR/GBP following the data failed at GBP0.8910.
GOLD
Gold's rally is still in progress and reaches as high as 1148.4 by Oil N' Gold
Gold's rally is still in progress and reaches as high as 1148.4 so far. At this point, intraday bias remains on the upside and further rally should be seen to 161.8% projection of 985.5 to 1072 from 1026.9 at 1166.9 next.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Event of the Day
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% |
US economic indicators - Consumer prices (Oct): another slight increase at the core level by BHF−Bank
Energy prices rose markedly in October, which will have had a major impact on inflation data. Import prices rose 0.7% mom, and we expect producer prices to have gone up by 0.6% mom, and consumer prices by up to 0.3% mom in October.
[ Full Story ]Friday Notes - No inflation pressure in sight by UniCredit Group
Event of the Week
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 16 | 13:30 | Retail Sales (MoM) | 1.4% | 0.9% | -2.3% |
| Nov 16 | 13:30 | Retail Sales ex Autos (MoM) | 0.2% | 0.4% | 0.4% |
US: Retail Sales Increased in October by Wells Fargo Investments, LLC
Retail sales climbed 1.4 percent after dropping a revised 2.3 percent in September.
[ Full Story ]- Read the Retail Sales data at the Census Bureau
- CURRENCIES: Dollar Decline Continues After U.S. Data (Dow Jones)
- DATA SNAP: US Oct Retail Sales Up More Than Forecast (Dow Jones)
- Dollar edges up on better than expected U.S retail sales (FXstreet.com)
US: Update Retail Sales by BBVA Bancomer
Fundamental News Summary - US Session News Summary by ecPulse.com
US: Discretionary spending leads rebound in retail sales by National Bank of Canada
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 18 | 09:00 | EMU | Current Account n.s.a (Sep) | €-5.0B | -€3.5B |
|
| 09:00 | EMU | Current Account s.a (Sep) | €-5.4B | €0.6B | €0.6B |
|
| 09:30 | UK | Bank of England Minutes | ||||
| 10:00 | EMU | Construction Output s.a (MoM) (Sep) | -1.1% | 0.1% |
||
| 10:00 | EMU | Construction Output w.d.a (YoY) (Sep) | -8.0% | -11.3% |
||
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Oct) | -45 | -47 | -51 | |
| 12:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Oct) | 0.0% | 0.3% | ||
| 12:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Oct) | 1.7% | 1.5% | ||
| 12:00 | CA | Consumer Price Index (MoM) (Oct) | 0.2% | 0.0% | ||
| 12:00 | CA | Consumer Price Index (YoY) (Oct) | 0.1% | -0.9% | ||
Educational Resources
When Trading Becomes Gambling...
Can we class trading as gambling? Are these two activities more similar than we think and is profitable trading simply down to a run of luck? Sam Evans will discuss this in detail this week.
Read Sam Evans' article.
Related Resources
Managing Your Trade with ATR by Don Dawson