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Nov 21 01:07 GMT

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Forex Expos

Yen Surges on Another Day of Stock Market Crash
Nov 20 22:04 GMT, by ActionForex.com
The Japanese yen surges across the board in US session following another day of crash in the US stock markets. S&P 500 tumbles 6.7% to 752.44, breaking though 2002 bear market low of 776.76 and made a new 11 year low. After more than a month of consolidation, DOW finally brok...

Technical Outlook
USD/CAD Mid-Day Outlook EUR/JPY Mid-Day Outlook EUR/USD Mid-Day Outlook GBP/USD Mid-Day Outlook USD/JPY Mid-Day Outlook USD/CHF Mid-Day Outlook GBP/JPY Daily Outlook AUD/USD Daily Outlook

Fundamental Analysis

Daily Fundamental Reports

Dollar and Yen Soars on Liquidation and Repatriation
Nov 20 22:54 GMT, by GFT
The financial markets have been very schizophrenic today indicating that investors are still nervous. It was another roller coaster session in US equi...

Heavy Selling in Global Stocks Increases Risk Aversion Boosting Yen
Nov 20 22:13 GMT, by CMS Forex
Following the negative fundamental data in the US, stocks fell lower with the Dow Jones falling to a six-year low below the 8,000 level. However, stoc...

Stocks Crash After Democrats Send The Automakers Home Empty Handed
Nov 20 21:39 GMT, by TheLFB-Forex.com
Democratic Congressional leaders sent Detroit's big three automakers home without a deal, but left the door open to future discussions based on Detroi...

Currency Pair Overview
Nov 20 21:38 GMT, by TheLFB-Forex.com
Some of the major pairs started to trend in the European session, despite the currency market coming to a standstill during the Asian trading hours. T...

Stocks Rise Off Their Lows Despite Weak Data/Dollar Reverses
Nov 20 18:00 GMT, by TheLFB-Forex.com
Equity markets were declining on Thursday morning and bond yields were hitting record lows after the day's economic data continued to indicate the eco...

Forex Fundamental Outlook
Nov 20 17:58 GMT, by GCI Financial
The common currency gained ground on a variety of factors. First, weekly U.S. initial jobless claims surged to their highest level in nearly sixteen y...

All Daily Forex Fundamental Reports >>

Fundamental Highlights
Dollar and Yen Soars on Liquidation and Repatriation Labor Market Prospects Darken US Growth Outlook Hits Worst Streak Late 80's, Philly Manufacturing Lowest Since 1990 Rising Jobless Claims Makes 8% Unemployment Growing Possibility Pound Losses Continue As Retail Sales Fall For Second Month The Dollar And The Yen Advance Overnight

Weekly Fundamentals
Dollar Future Depends On Rates And Growth Beyond December Consumers Are Fading In the U.S. US Dollar Trading Ranges Could Break Amidst US, UK, Canadian Event Risk Market Directions: The Unnatural Dollar and the Carry Trade BoE & Fed Minutes Due as Expectations of Further Rate Cuts Rise Economics Weekly: How Low Can Sterling Go?

Technical Analysis

Daily Technical Reports

EUR/JPY - Recession Trade
Nov 20 15:40 GMT, by GFT
I have long said that EUR/JPY is one of my favorite recession trades. With the Eurozone in a recession and the need for the European Central Bank to s...

British Pound/Japanese Yen Could Break Below 139 If Dow Sustains Drop Below October 10 Lows
Nov 20 15:38 GMT, by DailyFX
As mentioned in our forex correlations report, the inverse correlation between the Japanese yen and the Dow Jones Industrial average remains strong. W...

Canadian Dollar Tumbles, DailyFX Analysts Give Their Picks From The Crosses
Nov 20 15:04 GMT, by DailyFX
Since USDCAD marked a significant, bullish breakout through the Wednesday's US session, the Canadian currency seems to have found selling pressure acr...

Euro, British Pound, Canadian and Australian Dollars Likely Headed Lower Against US Dollar
Nov 20 14:57 GMT, by DailyFX
The US Dollar looks likely to challenge key resistance levels against the Euro, British Pound, Canadian Dollar, and Australian Dollar through upcoming...

Daily Technical Strategist
Nov 20 14:38 GMT, by FXTechstrategy
EUR traded back into its symmetrical triangle Wednesday to close the session at 1.2503 after an intra day upmove pushed it to as high as 1.2814.The pa...

FX Thoughts for the Day
Nov 20 12:50 GMT, by Kshitij Consultancy Services
GBP-USD @ 1.4863/66...Traded Bearish. Pound has traded between 1.4811 and 1.4996 during the Asian and European session. Looks bearish for the rest of...

All Daily Forex Technical Reports >>

Technical Highlights
EUR/JPY - Recession Trade British Pound/Japanese Yen Could Break Below 139 If Dow Sustains Drop Below October 10 Lows US Dollar to Sell Off Before Trend Resumes, Yen an Exception (Candlestick Weekly) Weekly Forex Signals: GBP/USD US Dollar Retracement to Offer Buying Opportunity (Fibonacci Weekly) Sterling Enters New Era

Weekly Technicals
FX Technical Strategy Weekly: Pounds to Ounces Weekly Market Outlook - Technical Picture/Pattern Analysis US Dollar to Sell Off Before Trend Resumes, Yen an Exception (Candlestick Weekly) Weekly Technical Commentary Committments of Traders Report Weekly Forex Signals: GBP/USD

Market News Updates
Closing Market Recap: S&P 500 Hits 11-Year Low, Treasury Yields at Record Lows Nov 20 22:51 GMT, by CEP News (CEP News) - Markets withered on Thursday sending U.S. stocks to their lowest levels since April 1997, and Treasury yields to their lowest on record, as a new wave of fear gripped investors.

Market News Recap
Thursday's News Recap: US Jobless Claims Soar, Stocks Plummet to New Record Lows Nov 20 21:40 GMT, by CEP News (CEP News) - Fear returned to markets in a big way today, with the S&P 500 breaking through a key support level, which sent stocks hurtling lower across the board by as much as 9%. Oil also continued to fall and dipped below $50 a barrel. Economi...

Regional Economic News
The Day Ahead Canada and U.S.: Canadian CPI, Fed Speak The Day Ahead Canada and U.S.: Canadian CPI, Fed Speak The Day Ahead Europe and UK: French PMI, German PMI, EU PMI The Day Ahead Europe and UK: French PMI, German PMI, EU PMI The Day Ahead Europe and UK: French PMI, German PMI, EU PMI

Action Insight Newsletter

Central Banks

Interest Rates

1.00%	3.25%	0.30%	3.00%
1.00%	2.25%	5.25%	6.50%

Speeches and Publications
(SNB) Further Relaxation of Monetary Policy (FED) Minutes of the Federal Open Market Committee, October 28-29, 2008 (BOE) Minutes of Monetary Policy Committee Meeting 5 and 6 November 2008 (FED) Ben S. Bernanke - Troubled Asset Relief Program and the Federal Reserve's Liquidity Facilities (RBA) Reserve Bank of Australia Minutes of the Monetary Policy Meeting of the Board, 4 November 2008

Crude Oil and Gold Analysis

Economic Data

Calendar
Eco Data 11/21/08 Eco Data 11/20/08 Eco Data 11/19/08 Eco Data 11/18/08 Eco Data 11/17/08 Summary 11/16 - 11/21

Reviews
Labor Market Prospects Darken Leading Indicators Signal Further Challenges for U.S. Economy US Growth Outlook Hits Worst Streak Late 80's, Philly Manufacturing Lowest Since 1990 Canada: Wholesale Trade Post a Surprising Gain in September Philly Fed: Manufacturing Hits 18-Year Low In November

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Technical Studies

Forex Top Movers

Pair	Rate	Chng %
NZDJPY	49.23	+0.81%
GBPJPY	138.86	+0.63%
CHFJPY	76.85	+0.47%
AUDJPY	57.46	+0.42%
USDJPY	94.08	+0.40%
EURJPY	117.12	+0.37%

	USD
EUR
JPY
GBP
CHF
CAD
AUD

Action Bias & Pivot Points

Currency	Last	Bias	S1	R1
EURUSD	1.2447	Down	1.2394	1.2553
USDJPY	94.11	Down	92.76	95.44
GBPUSD	1.4759	Down	1.4626	1.4910
USDCHF	Neutral	1.2137	1.2318
USDCAD	1.2980	Up	1.2657	1.3124
AUDUSD	0.6107	Down	0.5983	0.6324

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Educational Articles

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