Wednesday, Nov 26, 08:41 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
Postcards from the Right Edge: Wild Holiday week by Derek Frey
The last few years in particular have seen rather violent moves in the markets during this Thanksgiving week as well as Christmas week next month. This is largely attributable to the dramatic fall in liquidity since many traders here in the US, myself included, take most if not all of this week off.
Forex Trading Today: Fortify the Garrisons... the Chocolate Battle begins!
FxBootcamp: Pre London Outlook November 26th 2008 by Wayne McDonell
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 | ||||
| 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: Europe
USD/CHF
USD CHF is in a consolidation after the last bearish movement
Mataf.net − USD CHF is in a consolidation after the last bearish movement. USD CHF broke the uptrend to begin a bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,19690 (70 pips). The downtrend should continue on 1,1600 support (299 pips).
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GBP/USD
Daily Technical Analysis − EUR: Attempt longs at 1.2975, adding to 1.2800; stop below 1.2650 by Mizuho Corporate Bank
Breaking above the top of the downward−sloping ‘wedge' formation, as has its mirror image the Dollar Index future. We are well within normal retracement parameters but another round of short−covering is likely on a sustained break above 1.5650, targeting 1.6100.
YEN CROSSES
Market Session Recaps − Asia Session by FOREX.com
The EUR/JPY provided a fine example, as it peaked at 125.86 in NY trading and briefly flirted with 122.99 in Asia as the Yen was bough on risk aversion as the Nikkei was back in the red.
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
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
Australia CONSTRUCTION WORK DONE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 26 | 00:30 | Construction Work Done | 4.4% | - | -2.6% |
Australia Q3 construction work rises 4.4 pct q/q (Thomson Financial News)
The value of construction work done in Australia in the third quarter in seasonally adjusted chain volume terms, released by the Australian Bureau of Statistics on Wednesday.
[ Full Story ]- Read the Construction data at Australian Bureau of Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 26 | 00:30 | AU | Construction Work Done (3Q) | 4.4% | -2.6% | |
| 07:00 | DE | Import Price Index (MoM) (Oct) | -3.6% | -1.4% | -1.0% | |
| 07:00 | DE | Import Price Index (YoY) (Oct) | 2.9% | 5.0% | 7.6% | |
| 08:00 | JP | BoJ's Governor Shirakawa Speech (Oct) | ||||
| 09:30 | UK | Gross Domestic Product (QoQ) (3Q)  | -0.5% | 0.0% | ||
| 09:30 | UK | Gross Domestic Product (YoY) (3Q) | 0.3% | 1.5% | ||
| 09:30 | UK | Index of Services (Sep) | -0.4% | -0.3% | ||
| 11:00 | US | MBA Mortgage Applications (Nov 21) | -6.2% | |||
| 12:00 | DE | Consumer Price Index (MoM) (Nov) | -0.3% | -0.2% | ||
| 12:00 | DE | Consumer Price Index (YoY) (Nov) | 2.4% | |||