Friday, Nov 23, 09:49 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Fri, Nov 23, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Nov 26, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Nov 23, 12:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN | |
| Mon, Nov 26, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Nov 26, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Nov 26, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
Current Session: Europe
EUR/USD
Daily Forex Technical Report − EUR/USD Breaks 1.49 in Thin Market, Heading to 1.5 by ActionForex.com
EUR/USD surges to as high as 1.4966 today and is set to test 1.5 key medium term resistance but upside could be limited there initially on overbought condition. Nevertheless, further upside is still expected as long as 1.4841 support holds. On the downside, below 1.4841 will indicate a short term top is possibly in place and bring pull back to short term rising channel support (now at 1.4700).
- Intraday thoughts: it ain't over at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Forex Technical Analysis − EUR/USD: (1.4921) New high on rebound off broken inverted channel top from 1.4015 by KBC Bank
Currencies at a Glance
- EUR/USD
- Trades around third resistant level 1.4923
11/23/2007 08:02 GMT - GBP/USD
- Trades around second resistant level 2.0728
11/23/2007 08:02 GMT - USD/CHF
- Trades around 1.0925 , below third support level 1.0962
11/23/2007 08:03 GMT - USD/JPY
- Trades around second support level 107.76
11/23/2007 08:03 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Aspen Trading Group, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK NATIONWIDE HOUSING PRICES S.A
| Date (GMT) | Event | Cons. | Previous | |
| Nov 26 | 07:00 | Nationwide Housing Prices s.a (MoM) | - | 1.1% |
| Nov 26 | 07:00 | Nationwide Housing Prices n.s.a (YoY) | - | 9.7% |
Weekly Market View - Prolonged Economic Slowing by FXstreet.com
In the UK, Nationwide House prices (previous 1.1%) is an event to follow. There are no further significant events on Monday.
[ Full Story ]Top Market Movers Review
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 23 | 09:30 | Gross Domestic Product (QoQ) | 0.7% | 0.8% | 0.8% |
| Nov 23 | 09:30 | Gross Domestic Product (YoY) | 3.2% | 3.3% | 3.1% |
DATA SNAP: UK 3Q GDP Revised Downwards To +0.7%QQ, +3.2%YY (Dow Jones)
U.K. third−quarter gross domestic product growth was revised lower from the preliminary estimate published in October, as subsequent survey data meant that manufacturing and service sector output was weaker than originally estimated.
[ Full Story ]- National Statistics Homepage
- UK Q3 GDP growth revised down (Thomson Financial News)
- UK GDP revised down to 0.7% in the third quarter (FXstreet.com)
- United Kingdom 3Q Gross Domestic Product revised to 0.7% on the quarter; 3.2% on the year (FXstreet.com)
Daily Forex Outlook - Thanksgiving a cause for quiet markets. UK GDP set for release by Easy Forex
Friday Notes - Strong Q3 growth – Water over the dam by HVB Group
EMU PMI MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 23 | 09:00 | PMI Manufacturing Index | 52.6 | 51.0 | 51.5 |
| Nov 23 | 09:00 | Purchasing Manager Index Services | 53.7 | 55.1 | 55.8 |
Euro Zone's economic activity will cool down slightly in November according to Flash Estimate PMI (FXstreet.com)
Eurozone's economic activity seems to have cooled down slightly in November, in general terms, specially in the services sector, according to the flash preliminary estimations published by the NTC research.
[ Full Story ]- NTC Economics Homepage
- Euro zone Nov services PMI falls to 53.7, lowest since Aug 2005− sources UPDATE (Thomson Financial News)
- Euro zone Nov services PMI falls to 53.7, lowest since Aug 2005 − sources (Thomson Financial News)
- DATA SNAP: Euro−Zone PMIs Point To Slowdown In November (Dow Jones)
Friday Notes - Strong Q3 growth – Water over the dam by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 23 | 09:30 | UK | BBA Net Mortgage Lending s.a. (Oct) | £18.5B | ||
| 09:30 | UK | Exports (3Q) | 2.7% | 1.6% | 0.2% |
|
| 09:30 | UK | Gross Domestic Product (QoQ) (3Q) | 0.7% | 0.8% | 0.8% | |
| 09:30 | UK | Gross Domestic Product (YoY) (3Q) | 3.2% | 3.3% | 3.1% | |
| Nov 26 | 07:00 | UK | Nationwide Housing Prices n.s.a (YoY) | 9.7% | ||
| 07:00 | UK | Nationwide Housing Prices s.a (MoM) | 1.1% | |||
| 23:50 | JP | Corporate Service Price (MoM) | 0.7% | |||
| 23:50 | JP | Corporate Service Price (YoY) | 1.4% | |||
| Nov 27 | 08:15 | CH | Producer and Import Prices (MoM) | -0.3% | ||
| 09:00 | DE | IFO − Business Climate | 103.9 | |||