Thursday, Nov 19, 12:06 GMT
U.S. Trading Newsletter
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To Get Started
- Learning Center. Chapter C02 - Understand Statistics has been released
- Real-Time Economic Calendar: New 2.0 Design with upgraded charts and sound notifications
- WEBINAR VIDEOS: Fundamental Analysis - Looking forward by Adam Rosen
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Forex Blogs
The Advisor Weblog: Gbp/Usd long and short term by Valeria Bednarik
Here is the weekly GBP/USD chart. I'm always asked about why i watch Fibonacci retracements in such big charts, and the fact is that I just pay attention to that levels, when we are close to them, like in this case, and wait for the weekly close, to see if i can define next week upcoming trend.
Francesc's Weblog: ETF Securities launches the world’s largest Exchange Traded Currency Platform by Francesc Riverola
Tech Trading: GBP/JPY Update by César B. Leiceaga
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Nov 19, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Nov 19, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 19, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Nov 19, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Fri, Nov 20, 12:30 GMT | MONTHLY WEBINAR − Part 1: How to manage risk using Price Behaviour analysis | Mike Baghdady | WBN | |
| Fri, Nov 20, 14:30 GMT | MONTHLY WEBINAR − Part 2: Using Price Behaviour to identify the hierarchy of different trades  | Mike Baghdady | WBN | |
Current Session: Europe − U.S.
EUR/USD: 9−period RSI triangle pattern should be watched
Informa Global Markets − Both the DXY (US Dollar Index) and EUR/USD have formed triangle patterns within their respective 9−period daily RSI indicators. A break above RSI formation resistance & above 1−week trendline resistance at 1.4990 should reinvigorate EUR/USD bulls back towards the 1.5030−65 zone, above which exposes channel & wedge resistance at 1.5190.
GBP/USD
The drowning from 1.6840 is deeper than expected by FXstreet.com
The drowning from 1.6840 is deeper than expected, but while the pair holds above 1.6627 support there is a chance for reversal, that should set the beginning of the final leg upwards, to 1.6953.
USD/JPY
The pair has been printing bullish candles on a 15 minute chart by ACM − Advanced Currency Markets
The pair has been printing bullish candles on a 15 minute chart from the 88.84 level and although there is a downtrend bearing over head, the risk reward here for longs looks impressive with stops just below at 88.65.
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 INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 19 | 13:30 | Continuing Jobless Claims | - | 5600K | 5631K |
| Nov 19 | 13:30 | Initial Jobless Claims | - | 503K | 502K |
US: Preview of US jobless claims, LEI and Philly Fed by Easy Forex
[ Full Story ]Daily Currency Report - US initial jobless claims are scheduled to be released at 1330, followed by the Philadelphia Fed at 1500 by ODL Securities
US economic indicators - We expect initial jobless claims to have remained more or less unchanged by BHF−Bank
Event of the Week
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 18 | 13:30 | Consumer Price Index (MoM) | 0.3% | 0.2% | 0.2% |
| Nov 18 | 13:30 | Consumer Price Index (YoY) | -0.2% | -0.3% | -1.3% |
US: Consumer Prices Rose More Than Expected in October by Wells Fargo Investments, LLC
[ Full Story ]- Read the CPI data at Labor Department
- UPDATE: US Oct CPI, Housing Starts Point To Sluggish Economy (Dow Jones)
- DATA SNAP: US Consumer Prices Rise By 0.3% In October (Dow Jones)
- US CPI Ex Food & Energy up 0.2% MoM and 1.7% YoY in Oct (FXstreet.com)
Inflation Observatory - The decline in headline prices eases by BBVA Bancomer
Currency Trading News - US Dollar Mixed on Signs of Deterioration in Housing, Dovish Comments from Fed's Bullard by DailyFX
Daily Global Commentary - Higher Prices for Cars and Energy Lifted CPI in October by Northern Trust
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 19 | 09:30 | UK | CML Gross Mortgage Lending s.a. (Oct) | £13.5B | £12.9B |
|
| 09:30 | UK | M4 Money Supply (MoM) (Oct)  | 1.8% | 1.0% | 0.9% |
|
| 09:30 | UK | M4 Money Supply (YoY) (Oct) | 11.0% | 9.9% | 11.6% |
|
| 09:30 | UK | Public Sector Net Borrowing (Oct) | £11.4B | £6.8B | £14.9B |
|
| 09:30 | UK | Retail Sales (MoM) (Oct) | 0.4% | 0.6% | 0.4% |
|
| 09:30 | UK | Retail Sales (YoY) (Oct) | 3.4% | 2.9% | 2.9% |
|
| 13:30 | CA | Canadian Investment in Foreign Securities (Sep) | $0.11B | |||
| 13:30 | US | Continuing Jobless Claims (Nov 7) | 5600K | 5631K | ||
| 13:30 | CA | Foreign investment in Canadian securities (Sep) | $4.10B | $5.08B | ||
| 13:30 | US | Initial Jobless Claims (Nov 14) | 503K | 502K | ||
Educational Resources
Conventional Technical Analysis Strategies, A Flawed School of Thought
Conventional technical analysis strategies have been around a long time. Some say this school of thought dates back more than one hundred years. While it is popular with traders and its rules and beliefs fill entire sections at all major book stores, this week Sam Seiden will argue that this school of thought really offers little to no edge in the world of market speculation when it comes to strategies. Read Sam Seiden's article.
Related Resources
Have We Seen the Bottom of the Commercial Real Estate Market? by Diana Hill
Vertical Spreads: Part V by Josip Causic