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NEWSLETTER ASIAN SESSION 20/11/2007

By:   AKforex
  • 20-11-2007
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A) CALENDAR

-GMT 07:00 GER PPI (m/m), (Oct) EST 0.3% PREVIOUS 0.2%
-GMT 07:00 GER PPI (y/y), (Oct) EST 1.6% PREVIOUS 1.5%
Definition
The PPI gauges the average changes in prices received by domestic producers for their output at all stages of processing. The PPI data is compiled from most sectors of the economy, such as manufacturing, mining and agriculture.


B) SUPPORT-RESISTANCE

EURO/USD   USD/JPY   GBP/USD
R3 1.4750      110.60        2.0575
R2 1.4720      110.40        2.0560
R1 1.4690      110.20        2.0535
S1 1.4650      109.30        2.0480
S2 1.4625      109.10        2.0450
S3 1.4600      108.85        2.0400

C) WATCH
-Interest Rates



D) TRADING TIPS

CANDLESTICKS
The bullish engulfing pattern (bullish tsutsumi) consists of a second-day long white candlestick whose body surrounds the previous day\'s black body. The bearish engulfing pattern (the bearish tsutsumi ) is a second-day long black candlestick whose body "engulfs" the previous day\'s small white body, closing lower than the low of the first day.

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Next Analysis: US Housing report should push the dollar above 1.4750 today
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.



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