Monday, Nov 24, 17:05 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: MONTHLY WEBINAR: Forex in Five: Full time strategies for part time traders by Raghee Horner
- All the events of the day in our Economic Calendar
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Forex Essentials Course
21 lessons to get started in the Forex Market by LearningMarkets.com
From the Basics to the Portfolio Management, going through key topics for your learning such as Margin and Leverage, Support and Resistance, Fibonacci Analysis or Reversal Patterns. Specially built for beginners and for those who want to refresh their knowledge.
Definitely an extensive review of the Forex that you can't miss.
More educational resources in the education section
Forex Blogs
The Advisor Blog: Swiss Franc leading the way by Valeria Bednarik
The Usd/Chf is fighting the 4 hours ascendant channel base, and attempting to break lower: turn the 4 hours chart into 1 hour one. A candle opening under 1.2040, will probably trigger more selling pressure there, as the zone between 1.2040/55 seems to be a really tough support.
Chartology: Crude Oil Analysis on Multiple Time Frames by Raghee Horner
FX Path: EUR/USD - Tentative Bullish Consolidation Breakout by James Chen
Live Sessions Schedule
Trade What Is Real, Not What You Feel: Quantifying Supply (resistance) and Demand (support) In The Forex Markets
Expert: Sam Seiden
Start: Tue, Nov 25, 11:00 GMT
Type of Session: Webinar
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Tue, Nov 25, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 24, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Nov 25, 11:00 GMT | Trade What Is Real, Not What You Feel: Quantifying Supply (resistance) and Demand (support) In The Forex Markets | Sam Seiden | WBN |  |
| Tue, Nov 25, 12:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Tue, Nov 25, 14:00 GMT | High−Probability Forex Pattern Trading | James Chen | WBN | |
| Tue, Nov 25, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
EUR/USD
1,2765. EUR USD broke 1,2680 resistance
1,2765. EUR USD broke 1,2680 resistance. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,2800 (35 pips). The price should consolidate. We won't take a position. The risk/reward ratio is too high to take a position
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USD/CAD
Mid−Day Forex Technical Report − Dollar Retreats on Stock Rally Despite Poor Housing Data by ActionForex.com
USD/CAD's retreat from 1.2984 continues as expected and at this point, intraday bias remains mildly on the downside for 4 hours 55 EMA (now at 1.2439). However, note that downside should be contained above 1.2098 support and bring rally resumption.
WEEKLY OUTLOOK
Weekly Technical Commentary − GBP/JPY: Dipping to a new recent low at 137.65 by Mizuho Corporate Bank
Dipping to a new recent low at 137.65, just below October's low at 139.00, and it should try and hold above here early this week. A monthly close below 150.00 should signal a renewed downside attack which should take us down to the 1995 all−time low at 128.20, possibly even further.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Nov 25 | 07:00 | Gross Domestic Product n.s.a (YoY) | 1.3% | 3.1% |
| Nov 25 | 07:00 | Gross Domestic Product w.d.a (YoY) | 0.8% | 1.7% |
| Nov 25 | 07:00 | Gross Domestic Product s.a (QoQ) | -0.4% | -0.5% |
Friday Notes - Last week's GDP flash of −0.5% q−o−q will be confirmed by HVB Group
Last week's GDP flash of −0.5% q−o−q will be confirmed. Hence, it is now official that the German economy is in a recession, as GDP in spring contracted as well. We think that this pattern will continue at year−end and in H1 2009. The Federal Statistical Office already pointed out that private and public consumer spending bolstered GDP as well as a buildup in inventories. In contrast, a heavy growth drag came from shrinking net exports.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 24 | 15:00 | Existing Home Sales | 4.98M | 5.00M | 5.18M |
| Nov 24 | 15:00 | Existing Home Sales (MoM) | -3.1% | -3.5% | 5.5% |
US Oct Existing Home Sales Dn 3.1% To 4.98 Mln Rate (Dow Jones)
Existing−home sales resumed falling in October, while the median price suffered its largest drop on record. Home resales fell to a 4.98 million annual rate, a 3.1% decrease from September's revised 5.14 million annual pace, the National Association of Realtors said Monday.
[ Full Story ]- Existing−Home Sales Soften on Economic Volatility at NAR
- UPDATE 1−U.S. existing home sales, prices fall in October (Thomson Financial News)
- U.S. existing home sales drop 3.1 pct in Oct (Thomson Financial News)
- TABLE−U.S. Oct existing home sales fell 3.1 pct (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Retreats on Stock Rally Despite Poor Housing Data by ActionForex.com
Existing Home Sales Drop 3.1% by GFT (Global Forex Trading)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 24 | 15:30 | UK | Pre−Budget Report | |||
| 17:00 | US | Barack Obama Speech | ||||
| 23:50 | JP | Corporate Service Price (YoY) (Oct) | -0.5% | 0.1% | ||
| Nov 25 | 02:00 | NZ | RBNZ Inflation Expectations q/q (4Q) | 3 | ||
| 06:00 | JP | Bank of Japan Monthly Economic Survey | ||||
| 07:00 | DE | Gross Domestic Product n.s.a (YoY) (3Q) | 1.3% | 3.1% |
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| 07:00 | DE | Gross Domestic Product s.a (QoQ) (3Q) | -0.4% | -0.5% |
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