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EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Major Movers of the Day
Expert: Tony Juste
Start: Wed, Nov 28, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Wed, Nov 28, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 28, 11:00 GMT | What Moves Currencies? − Major Movers of the Day | Tony Juste | WBN | |
| Wed, Nov 28, 12:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
| Wed, Nov 28, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Wed, Nov 28, 14:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN |  |
Current Session: Europe
USD/CHF
Daily Forex Technical Report − Consolidation Continues, a Busy Calendar ahead by ActionForex.com
Consolidations in the markets continue as dollar is bounded in established arrange majors. Yen continues to retreat on firm global stock market following DOW's over 200 pts rally. Little impact is seen from Japan retail sales which rose 0.8% yoy in Oct. The economic calendar is relatively busy today with Germany Gfk consumer confidence, Eurozone Money supply, Swiss KOF leading indicator, US durable goods and existing home sales featured.
- Check the FX advisor's comments on major crosses 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 Analysis − EUR/USD: (1.4816) New high on rebound off broken inverted channel top from 1.4015 by KBC Bank
Daily Technical Analysis − Holding below Friday's ‘doji' candle by Mizuho Corporate Bank
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Continues to move down toward second support level 1.4750
11/28/2007 08:21 GMT - GBP/USD
- Continues to move down toward second support level 2.0579
11/28/2007 08:22 GMT - USD/CHF
- Moves up above first resistant level 1.1097
11/28/2007 08:22 GMT - USD/JPY
- Moves up above pivot level 108.47
11/28/2007 08:23 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
EMU M3
| Date (GMT) | Event | Cons. | Previous | |
| Nov 28 | 09:00 | M3 (YoY) | 11.5% | 11.3% |
EMU economic indicators - CPI inflation in Germany is likely to have accelerated to 2.8 % yoy in November by BHF−Bank
M3 growth in the euro area probably remained strong in October. As the credit crisis unfolded, banks only had limited access to funding from securities markets. For the same reason, loans earmarked for securitization had to be kept on banks' balance sheets, thus increasing the need for funding.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 28 | 07:00 | Gfk Consumer Confidence Survey | 4.3 | 4.4 | 4.8 |
UPDATE: German Consumer Confidence Dn On Perceived Inflation (Dow Jones)
High food and energy prices, a strong euro and financial market turbulence have gnawed away at German consumer confidence, market research group GfK said Wednesday.
[ Full Story ]- Read the report: Price increases: poison for the consumer climate at Gfk
- Germany's GFK sees Dec consumer climate index at 4.3 vs 4.8 in Nov (Thomson Financial News)
- German consumer sentiment Gfk falls larger than expected in December (FXstreet.com)
- Germany Gfk Consumer Confidence Survey decreases to 4.3 in Dec from 4.8 (FXstreet.com)
Japan RETAIL TRADE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 27 | 23:50 | Retail Trade s.a (MoM) | 0.3% | -0.1% | -1.5% |
| Nov 27 | 23:50 | Retail Trade (YoY) | 0.8% | 0.7% | 0.5% |
Japan Oct Overall Retail Sales Up 0.8% On Year (Dow Jones)
Japanese retail sales rose 0.8% in October from a year earlier, marking the third straight month of increases, the government said Wednesday. The result bodes well for consumer spending, which accounts for roughly 55% of Japan's gross domestic product.
[ Full Story ]- Read the Retail Trade report at Japan Ministry of Economy, Trade and Industry
- Japan govt says retail sales picking up after rising for 3rd month in Oct UPDATE (Thomson Financial News)
- Japan October retail sales up 0.8 pct yr−on−yr (Thomson Financial News)
- Japan Outlook: October Retail Sales, Weekly Oil Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 27 | 23:50 | JP | BoJ's Governor Fukui Speaks | |||
| 23:50 | JP | Retail Trade (YoY) (Oct) | 0.8% | 0.7% | 0.5% | |
| 23:50 | JP | Retail Trade s.a (MoM) (Oct) | 0.3% | -0.1% | -1.5% | |
| Nov 28 | 07:00 | DE | Gfk Consumer Confidence Survey (Dec) | 4.3 | 4.4 | 4.8 |
| 09:00 | EMU | M3 (YoY) (Oct) | 11.5% | 11.3% | ||
| 10:30 | CH | KOF Swiss Leading Indicator (Nov) | 1.98 | 2.02 | ||
| 12:00 | US | MBA Mortgage Applications (Nov 23) | -3.6% | |||
| 13:30 | US | Durable Goods Orders (Oct) | 0.0% | -1.7% | ||
| 13:30 | US | Durable Goods Orders ex Transportation (Oct) | 0.4% | 0.3% | ||
| 15:00 | US | Existing Home Sales (Oct) | 5.00 | 5.04M | ||