The Fusion Media Network:

Real-Time Quotes:

Home

Analysis

General Overview

Fundamental

Technical

Futures

Central Banks

Forex Brokers

Trading Tools

Crosses

European Session 15/11/2007

By:

AKforex

2007-15-11

votes

View Comments (0)

Previous Analysis | Next Analysis

	Text Size
	Print
	Email
	Add a Comment

A) CALENDAR

-GMT 09:30 UK Retail sales (m/m), (Oct) EST 0.1% PREVIOUS 0.6%
-GMT 09:30 UK Retail sales (y/y), (Oct) EST 4.8% PREVIOUS 6.3%
Definition
The retail sales report is a measure of the total receipts of retail stores from samples representing all sizes and kinds of business in retail trade throughout the nation. It is the most timely indicator of broad consumer spending patterns and is adjusted for normal seasonal variation, holidays, and trading-day differences. Retail sales include durable and nondurable merchandise sold, and services and excise taxes incidental to the sale of merchandise. Excluded are sales taxes collected directly from the customer. It also excludes spending for services, a large component of consumer expenditures. Retail sales is a the first picture of consumer spending for a given month. Retail sales are often viewed ex-autos, as auto sales can move sharply from month-to-month. Also, gas and food component changes are often a result of price changes rather than shifting consumer demand. Retail sales can be quite volatile and the advance reports are subject to large revisions.

-GMT 10:00 EU HICP core (y/y), (Oct) EST 1.9% PREVIOUS 1.8%
Definition
This indicator is a derivative of the CPI that excludes the volatile Food and Energy items.

-GMT 10:00 EU HICP final (m/m), (Oct) EST 0.5% PREVIOUS 0.4%
-GMT 10:00 EU HICP final (y/y), (Oct) EST 2.6% PREVIOUS 2.6%
Definition
The consumer price index (CPI) gauges the average change in retail prices for a fixed market basket of goods and services. The CPI data is compiled from a sample of
prices for food, shelter, clothing, fuel, transportation and medical services that people purchase on daily basis.

B) SUPPORT-RESISTANCE
EURO/USD   USD/JPY    GBP/USD
R3 1.4785      112.00         2.0740
R2 1.4750      111.80         2.0680
R1 1.4715      111.65         2.0620
S1 1.4655      111.05         2.0505
S2 1.4620      110.80         2.0480
S3 1.4590      110.30         2.0450

C) WATCH
-Interest Rates
-GMT 09:30 UK Retail sales
-GMT 10:00 EU HICP final
-GMT 10:00 EU HICP Core

D) TRADING TIPS
CANDLESTICKS REVERSAL PATTERNS
Evening Star: The Evening Star is a bearish reversal candle pattern, as its name suggests. The first day of this pattern is a long white candlestick which fully enforces the current uptrend. On the open of the second day, prices gap up above the body of the first day. Trading on this second day is somewhat restricted and the close price is near the open price while remaining above the body of the first day. The body for the second day is small. This type of day following a long day is referred to as a Star pattern. A Star is a small body day that gaps away from a long body day. The third and last day of this pattern opens with a gap below the body of the star and closes lower with the close price below the midpoint of the first day.

Digg

Del.icio.us

Mixx it!

Reddit!

Wikio

Next Analysis:

Content Provided by:

AKforex
AKforex offers online forex trading as an Introducing Broker for Royal Division of IKON GM.The Royal Division is part of IKON GLOBAL MARKETS, Inc. a member of the National Futures Association (NFA) and registered with the Commodity Futures Trading Commission (CFTC) as a Forex Dealer Member/Futures ...

Disclaimer:

While AKFOREX attempts to ensure the accuracy of these data by using sources it believes to be reliable, release dates, times, items included and content are frequently subject to change, error and ommissions. These data shall not be construed as a recommendation to buy or sell any security. AKFOREX shall not assume any legal liability or responsibility for any incorrect, misleading or altered information contained herein.

Our trading platform provides sophisticated order entry and tracking of orders. All stop-loss, limit and entry orders are guaranteed against slippage except in extraordinary volatile market conditions. Trading on-line, no matter how convenient or efficient does not necessarily reduce risks associated with currency trading.

News

Quotes

Forex Analysis

Forex Brokers

Forex Software

Live Events

Charts

Education

Forex Forums

Languages

Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All stock prices, indexes, futures and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.