Wednesday, Nov 26, 16:55 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
Forex Trading Today: U.S. Durable Goods eaten by the Thanksgiving Turkey by Tim Salem
Our Turkey seems to be insatiable before the Thanksgiving Holiday…I guess Durable Goods was not enough for his appetite! Running away with New Home Sales at the worst levels since 1991…he has plenty of new construction to gobble up, doesn't he!
New Home Sales off a good 20K since last month, down to 433K units sold.
The Advisor Blog: U.S. Numbers: Majors react quite positive in this first spike by Valeria Bednarik
Forex Trading Today: U.S. Durable Goods eaten by the Thanksgiving Turkey
Postcards from the Right Edge: Wild Holiday week by Derek Frey
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Nov 26, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
The Forex Basic Training Program − Chapter IX
Expert: Wayne McDonell
Start: Fri, Nov 28, 09:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 26, 17:00 GMT | The Euro Bubble − Part Two | Joseph Trevisani | WBN |  |
| Wed, Nov 26, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Nov 27, 11:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN | |
| Thu, Nov 27, 12:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Thu, Nov 27, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
EURUSD: EUR Sustains Upside Gains, Highlights The 1.3298 Level
FXTechstrategy − EURUSD: Break out of its symmetrical triangle continues to yield upside gains Tuesday pushing the pair to a high of 1.3081.Gains above this level which is now supported by bullish momentum indicators are expected to target its broader range top at 1.3298 and its pattern break out price objective at 1.3630.The former level should limit upside gains and turn the pair lower again but if a violation of there occurs, its pattern price target highlighted will be aimed at. Alternatively, the 1.2814 level, its Nov 19'08 high will serve as the initial support followed by the 1.2330 level and then the 1.2134 level, its .50 Ret (its 0.8231−1.6038 high, monthly chart).
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GBP/USD
Currency Majors Technical Analysis − GBP USD broke 1,5320 support. by Mataf.net
1,5249. GBP USD broke 1,5320 support. GBP USD is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The consolidation should continue. We won't take a position
USD/CAD
Mid−Day Forex Technical Report − Dollar Mildly Higher after Poor Data by ActionForex.com
USD/CAD recovers mildly after diving to 1.2125. As mentioned before, downside of the fall from 1.2984 is expected to be contained by 1.2098 support.
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
EMU CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Nov 27 | 10:00 | Economic Confidence | 78.0 | 80.4 |
| Nov 27 | 10:00 | Industrial Confidence | -21 | -18 |
| Nov 27 | 10:00 | Consumer Confidence | -25 | -24 |
EMU economic indicators - EMU industrial confidence and economic sentiment (November): down by BHF−Bank
The German GfK consumer confidence for December, the French business and consumer confidence, the EMU economic sentiment and the EMU industrial confidence are also likely to have declined in November. However, Belgian and Italian business confidence and Italian consumer confidence might have stabilized.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 26 | 15:00 | New Home Sales | 433K | 449K | 457K |
| Nov 26 | 15:00 | New Home Sales (MoM) | -5.3% | -3.3% | 2.7% |
DATA SNAP: US Oct New Home Sales Lowest Since 1991 (Dow Jones)
New−home sales tumbled to the lowest level in 17 years during October, while prices kept retreating. Sales of single−family homes decreased by 5.3% to a seasonally adjusted annual rate of 433,000, the Commerce Department said Wednesday.
[ Full Story ]- Read the New Home Sales data at Census Bureau
- UPDATE 1−U.S. Oct home sales, inventories fall (Thomson Financial News)
- U.S. Oct home sales, inventories fall (Thomson Financial News)
- TABLE−U.S. Oct single−family home sales fell 5.3 pct (Thomson Financial News)
US economic indicators - Existing and new home sales (October): stabilizing on low levels by BHF−Bank
US CHICAGO PURCHASING MANAGERS' INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 26 | 14:45 | Chicago Purchasing Managers' Index | 33.8 | 38.0 | 37.8 |
US Chicago PMI drops further in November (FXstreet.com)
Economic activity in the Chicago area has posted a sharper than expected decline in October falling to the lowest level since May 2001, according to data released by Kingsbury International LTD.
[ Full Story ]- Kingsbury International homepage
- UPDATE 1−US Midwest business activity withers in November (Thomson Financial News)
- INSTANT VIEW 8−US Midwest business slumps in November (Thomson Financial News)
- INSTANT VIEW 7−US Midwest business slumps in November (Thomson Financial News)
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 26 | 13:30 | Durable Goods Orders | -6.2% | -2.5% | -0.2% |
| Nov 26 | 13:30 | Durable Goods Orders ex Transportation | -4.4% | -1.5% | -1.0% |
DATA SNAP: US Oct Durables Take Third Straight Tumble (Dow Jones)
Demand for expensive goods took its biggest spill in two years during October in another sign tight credit conditions and rising pessimism over the economy are leading firms to put off capital spending.
[ Full Story ]- Read the Durable Goods Orders data at Census Bureau
- US RATE FUTURES−Weak data bolsters ideas of big rate cut (Thomson Financial News)
- U.S. consumer spending, durable orders plunge (Thomson Financial News)
- INSTANT VIEW 8−U.S. durable goods orders plunge in Oct (Thomson Financial News)
Daily Forex Technical Report − Key Near Term Levels in Dollar−Majors Still Intact by ActionForex.com
Trading News Report - EUR/USD: Trading U.S. Durable Goods Orders by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 26 | 15:00 | US | New Home Sales (MoM) (Oct) | -5.3% | -3.3% | 2.7% |
| 15:35 | US | EIA Crude Oil Stocks change (Nov 21) | 7.3M | 1.6M | ||
| 21:45 | NZ | Trade Balance (Oct) | -1M | -1183M | ||
| 23:50 | JP | BoJ Minutes (Oct) | ||||
| Nov 27 | 00:30 | AU | Private Capital Expenditure (3Q) | 5.7% | ||
| 02:00 | NZ | Business Confidence (Nov) | -42.4 | |||
| 02:00 | NZ | M3 Money Supply (YoY) (Oct) | 6.6% | |||