Tuesday, Nov 25, 08:45 GMT
EUROPEAN 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: Which is Better?... Swiss or Belgian Chocolate? by Tim Salem
Today's title comes with a story for you! "CVJ!... What does Switzerland, Belgium, and Chocolate have to do with trading?" (Yes... I heard the "CC"s" too... I have named them…the critics I refer to all the time who "talk" to me in the Blog... they are the "Crazy CVJ'ers"... hee hee...
FX Market Readings: EURO and GBP are expected to swing for a day by Dr. S. Sivaraman
FxBootcamp: Pre London Outlook November 25th 2008 by Wayne McDonell
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 | ||||
| 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: Europe
EUR/USD
Euro trades higher versus the greenback
E−Forex − Strengthening across the board, the Euro trades higher versus the greenback, testing resistance at 1.2925/50 on yesterday. A sustained break of the said resistance will suggest further upside action, exiting the monthly range. Support is now formed by the previous resistance region of 1.2810−1.2825 and it is being tested at the time of this report. A pullback below the intraday downside barrier into this area may extend losses towards next important support which is seen at 1.2700, formed by the 50% retracement of the 1.2435−1.2960 upward swing.
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GBP/USD
Market Session Recaps − Asia Session by FOREX.com
GBP/USD came off of its early 1.5185 highs, and seemed to maintain some strength near the 1.5100 levels as a British stimulus package seemed to please traders
WEEKLY OUTLOOK
Weekly Analysis − Renewed of Selling Pressure on the Dollar by Finotec Group Inc.
The euro rose against both the dollar and yen despite the fact that data released showing that the European service and manufacturing sectors contracted in 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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Nov 25 | 13:30 | Gross Domestic Purchases Price Index | 4.2% | 4.2% |
| Nov 25 | 13:30 | Gross Domestic Product Annualized | -0.5% | 2.8% |
Trading News Report - EUR/USD: Trading the U.S. GDP Release by FXCM
The growth outlook for the world's largest economy may weaken further as economists forecast a downward revision in the third−quarter GDP reading to −0.5% from an initial reading of −0.3%.
[ Full Story ]Daily Market Commentary - Stocks Soar But Watch Out for GDP Risk by GFT (Global Forex Trading)
Sun is Shining on Wall St But Watch Out for GDP Numbers by GFT (Global Forex Trading)
Top Market Movers Review
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 25 | 07:00 | Gross Domestic Product w.d.a (YoY) | 0.8% | 0.8% | 1.7% |
| Nov 25 | 07:00 | Gross Domestic Product s.a (QoQ) | -0.5% | -0.4% | -0.4% |
| Nov 25 | 07:00 | Gross Domestic Product n.s.a (YoY) | 1.3% | 1.3% | 3.1% |
German GDP falls 0.5% in the third quarter (FXstreet.com)
German Economy has entered into recession in the third quarter of the year, as the preliminary figures had already advanced, according to figures released by German Statistics. Gross Domestic product has decreased 0.5% in the third quarter of the year following a 0.4% decline in the previous quarter.
[ Full Story ]- Read the GDP data at German Statistics
- INSTANT VIEW 2−German Q3 GDP contracts, consumer morale up (Thomson Financial News)
- INSTANT VIEW 1−German Q3 GDP contracts, consumer morale up (Thomson Financial News)
- German Q3 GDP contraction led by trade (Thomson Financial News)
Friday Notes - Last week's GDP flash of −0.5% q−o−q will be confirmed by HVB Group
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 25 | 07:00 | Gfk Consumer Confidence Survey | 2.2 | 1.5 | 1.9 |
UPDATE: German Consumer Sentiment Up On Wage Deal, Lower CPI (Dow Jones)
German consumer confidence is set to improve further in December, beating economists' expectations, and helped by recent wage deals and easing inflation.
[ Full Story ]- Read the Consumer Confidence data at GfK
- German GfK Consumer sentiment index rose in November despite economic downturn (FXstreet.com)
- German consumer sentiment to firm in December−GfK (Thomson Financial News)
- TABLE−German GfK Dec consumer indicator down at 2.2 vs 1.9 (Thomson Financial News)
EMU economic indicators - German GfK consumer confidence is likely to have declined by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 25 | 07:00 | DE | Gfk Consumer Confidence Survey (Dec) | 2.2 | 1.5 | 1.9 |
| 07:00 | DE | Gross Domestic Product n.s.a (YoY) (3Q) | 1.3% | 1.3% | 3.1% |
|
| 07:00 | DE | Gross Domestic Product s.a (QoQ) (3Q) | -0.5% | -0.4% | -0.4% |
|
| 07:00 | DE | Gross Domestic Product w.d.a (YoY) (3Q) | 0.8% | 0.8% | 1.7% | |
| 09:00 | CH | UBS Consumption Indicator (Oct) | 1.67 | |||
| 09:30 | UK | BBA Mortgage Approvals (Oct) | 23.422K | |||
| 09:30 | UK | Total Business Investment (QoQ) (4Q)  | -1.9% | -1.0% | ||
| 09:30 | UK | Total Business Investment (YoY) (3Q) | -2.2% | 1.2% | ||
| 09:45 | UK | MPC Treasury Committee Hearings | ||||
| 13:30 | US | Gross Domestic Product Annualized (3Q) | -0.5% | 2.8% | ||