Thursday, Nov 27, 08:25 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.
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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
The Trader's Edge: EUR/USD: US Celebrates Thanksgiving by Ross Yamashita
The EUR/USD bounced back up from hitting a low of 1.2817 on the EUR/USD and has settled around the 38.2 Fibonacci level of the shorter−term down trend. If you've looked at the EUR/USD Daily chart recently, you may have noticed a nice pattern forming. The graph shows our count of the movement. But, if this count is indeed correct, are we done with Wave 4?
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
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Thu, Nov 27, 11:00 GMT
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Thu, Nov 27, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Thu, Nov 27, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
USD/CHF
Eurozone Data Dominates on Thanksgiving Holiday by ActionForex.com
USD/CHF rebounded to as high as 1.2077 before retreating mildly. Fall from 1.2296 should have completed at 1.1828 with 4 hours MACD crossed above signal line. Intraday bias is flipped back to the upside for retesting 1.2296 high first. Sustained break will encourage rally to next target of 161.8% projection of 1.0693 to 1.1746 from 1.1208 at 1.2912. On the downside, however, below 1.1887 will argue that another fall could be seen before completing the correction from 1.2296.
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USD/JPY
Daily Technical Analysis − USD/JPY: Holding in the middle of the large ‘triangle' pattern by Mizuho Corporate Bank
Holding in the middle of the large ‘triangle' pattern and should test the downside of the formation by the end of this week.
Trading the news
Trading News Report − EUR/USD: Trading the Euro−Zone Consumer Confidence Report by FXCM
Economic activity throughout the Euro−Zone may deteriorate further as economists expect consumer confidence to edge lower to −25 from a 14 year low of −24 in October.
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
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
UK NATIONWIDE HOUSING PRICES S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 27 | 07:00 | Nationwide Housing Prices s.a (MoM) | -0.4% | - | -1.4% |
| Nov 27 | 07:00 | Nationwide Housing Prices n.s.a (YoY) | -13.9% | - | -14.6% |
DATA SNAP: Nationwide: Fall In UK House Prices Slows In Nov (Dow Jones)
The decline in U.K. house prices slowed sharply in November but the looming recession means there is unlikely to be a recovery in the market any time soon, the Nationwide Building Society said Thursday.
[ Full Story ]- UK Nationwide Prices Index moderates its falling pace in October (FXstreet.com)
- UK house prices fall 0.4 pct m/m in Nov−Nationwide (Thomson Financial News)
- United Kingdom Nationwide Housing Prices decline 0.4% in Nov; 13.9% down year on year (FXstreet.com)
Japan BOJ MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 26 | 23:50 | BoJ Minutes | - | - | - |
BOJ Oct 31 minutes: Mizuno called for steady rates (Thomson Financial News)
Bank of Japan board member Atsushi Mizuno opposed cutting rates at the Oct. 31 policy meeting, saying it was unclear how the effect of such a move would spread to the economy when financial market functions were decreasing, minutes released on Thursday showed.
[ Full Story ]- Read the BoJ Minutes data at Bank of Japan
- UPDATE: BOJ Oct 31 Minutes Show Fierce Debate Over Rate Cut (Dow Jones)
- HIGHLIGHTS−BOJ minutes: Mizuno called for steady rates (Thomson Financial News)
- BOJ Oct 31 Minutes:BOJ Mizuno Voted Against 20,25bps Cuts (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 27 | 07:00 | DE | ILO Unemployment Rate (Oct) | 7.1% | 7.1% | |
| 07:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Oct) | -13.9% | -14.6% | ||
| 07:00 | UK | Nationwide Housing Prices s.a (MoM) (Nov) | -0.4% | -1.4% | ||
| 08:15 | CH | Employment Level (QoQ) (3Q) | 3.96 | 3.92M | ||
| 08:55 | DE | Unemployment Change (Nov) | -26K | |||
| 09:00 | EMU | M3 (YoY) (Oct) | 8.1% | 8.6% | ||
| 10:00 | EMU | Consumer Confidence (Nov) | -25 | -24 | ||
| 10:00 | EMU | Economic Confidence (Nov) | 78.0 | 80.4 | ||
| 10:00 | EMU | Industrial Confidence (Nov) | -21 | -18 | ||
| 21:45 | NZ | Building Permits (MoM) (Oct) | 8.4% | |||