Tuesday, Nov 25, 16:50 GMT
ASIA-PACIFIC Trading Newsletter
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
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 Blogs
The Advisor Blog: Eur/Usd 30 minutes chart and flag by Valeria Bednarik
After U.S bad data and with majors following trend, the pair is breaking above the flag we were seeing in 4 hours charts: give the pair a couple of minutes, should open next candle above this line.
Forex Trading Today: Which is Better?... Swiss or Belgian Chocolate?
FX Market Readings: Wide range swings started by Dr. S. Sivaraman
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Nov 26, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Nov 26, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 25, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Nov 26, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Nov 26, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Nov 26, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Wed, Nov 26, 14:00 GMT | Main Fundamental theme in the Currency Market | John Kicklighter | WBN |  |
Current Session: U.S.
EUR/USD
Market Sentiments Boosted by Fed's Plan to Unfreeze Credit, Dollar Extends Weakness
ActionForex.com − EUR/USD surges further to as high as 1.3080 in early US session and at this point, intraday bias remains on the upside as long as 1.2803 minor support holds. As discussed before, rise from 1.2423 should represent another rising leg of the consolidation that started at 1.2329 and further rally could be seen to 1.3290 or above. Though, upside is still expected to be limited below 1.3768 cluster resistance and bring down trend resumption.
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GBP/USD
Currency Majors Technical Analysis − GBP USD broke 1,5200 resistance by Mataf.net
1,5353. GBP USD broke 1,5200 resistance. The volatility rises. Bollinger bands are deviated. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue on 1,5450 resistance (97 pips).
EUR/SEK
FX Strategy − EUR/SEK to remain elevated by Danske Bank A/S
Last week we wrote that EUR/SEK was likely to test 10.30 and even 10.40 in the coming weeks (it was trading at 10.22 then), and that we preferred to be long EUR/SEK during this period (see "PPM and EUR/SEK: Buy on 'rumour' sell on fact", 20 November).
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
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Cons. | Previous | |
| Nov 26 | 09:30 | Gross Domestic Product (YoY) | 0.3% | 1.5% |
| Nov 26 | 09:30 | Gross Domestic Product (QoQ) | -0.5% | 0.0% |
Friday Notes - Domestic demand to drag down overall growth by HVB Group
The second release of Q3 GDP should confirm that the economy contracted by a sizeable 0.5% q−o−q. The expenditure breakdown will also be released. We expect domestic demand to have shrunk significantly, amid a strong decline in investment and a less abrupt but still meaningful contraction in private consumption.
[ Full Story ]Top Market Movers Review
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 25 | 15:00 | Consumer Confidence | 44.9 | 39.0 | 38.0 |
US Conference Bd Nov Consumer Confidence 44.9 Vs Oct 38.8 (Dow Jones)
U.S. consumer confidence improved slightly in November after dropping to an all−time low a month earlier, a report released Tuesday said.
[ Full Story ]- Read the Consumer Confidence data at the Conference Board
- US Consumer Confidence up to 44.9 in Nov vs 38 in Oct (FXstreet.com)
US economic indicators - Consumer confidence indicators (November): still near record lows by BHF−Bank
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 25 | 13:30 | Gross Domestic Purchases Price Index | 4.7% | 4.2% | 4.2% |
| Nov 25 | 13:30 | Gross Domestic Product Annualized | -0.5% | -0.5% | 2.8% |
DATA SNAP: US Economy Weaker In 3Q Than First Thought (Dow Jones)
The U.S. economy was a little softer during the third quarter than first believed, according to government data Tuesday showing weaker consumer spending and overseas sales. Gross domestic product dropped at a seasonally adjusted 0.5% annual rate July through September, the Commerce Department said in a new, revised estimate of third−quarter GDP.
[ Full Story ]- Read the GDP data at Bureau of Economic Analysis of the Commerce Department
- UPDATE 1−U.S. GDP contraction deeper than first thought (Thomson Financial News)
- ECONOMIC REPORT: GDP Revision Shows Sharper Contraction (Dow Jones)
- INSTANT VIEW 6−U.S. GDP contracts 0.5 percent in Q3 (Thomson Financial News)
US: Recession Probability − Recession to Persist for Next Six Months by Wachovia
Mid−Day Forex Technical Report − Market Sentiments Boosted by Fed's Plan to Unfreeze Credit, Dollar Extends Weakness by ActionForex.com
Daily Forex Technical Report − Dollar Recovers Overnight Losses but Remains Pressured by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 25 | 15:00 | US | Richmond Fed Manufacturing Index (Nov) | -38 | -26 | -26 |
| 15:00 | US | Treasury Secretary Paulson speech | ||||
| 23:30 | AU | Westpac Leading Index (MoM) (Sep) | -0.1% | |||
| Nov 26 | 00:30 | AU | Construction Work Done (3Q) | -2.6% | ||
| 07:00 | DE | Import Price Index (MoM) (Oct) | -1.4% | -1.0% | ||
| 07:00 | DE | Import Price Index (YoY) (Oct) | 5.0% | 7.6% | ||
| 08:00 | JP | BoJ's Governor Shirakawa Speech (Oct) | ||||