Friday, Nov 28, 08:47 GMT
EUROPEAN Trading Newsletter
Forex Essentials Course
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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
Forex Trading Today: Watch the Skeletons tomorrow on Black Friday! by Tim Salem
In the meantime, watch Price action across the board tomorrow…the "Skeletons" we spoke of on Monday may surely be appearing with Low Volume equaling High Volatility.
Forexology: Gold again by Sunil Mangwani
Trade Setups: My Head Hurts! by Phil Newton
Live Sessions Schedule
Live analysis of the Forex markets
Expert: Sam Seiden
Start: Fri, Nov 28, 12:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Nov 28, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Nov 28, 11:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Nov 28, 12:00 GMT | Live analysis of the Forex markets | Sam Seiden | WBN |  |
| Fri, Nov 28, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Fri, Nov 28, 14:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
Current Session: Europe
EUR/USD
The Euro trades in a narrow range below the 1.3 mark
E−Forex − The Euro trades in a narrow range below the 1.3 mark, consolidating recent gains and volatility will probably remain low today. Minor resistance is seen at 1.2970 followed by 1.3080/00 and 1.3125. On the downside, support is seen at 1.2880 backed by 1.2800/15 and 1.2680. Both daily and intraday studies are bullish.
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USD/JPY
Daily Technical Analysis − The market has come to a complete halt in the middle of the large ‘triangle' pattern by Mizuho Corporate Bank
EURUSD might be forming a short term cycle top at 1.3080 level on 4−hour chart. Key support is at 1.2803, a break down below this level will confirm the cycle top, and the following down trend will bring price back to retest 1.2329 (Oct 28 low) support.
GBP/USD
GBP USD is in a range between 1,5200 and 1,5530 by Mataf.net
1,5418. GBP USD is in a range between 1,5200 and 1,5530. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low.
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 PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Nov 28 | 10:00 | Consumer Price Index (YoY) | 2.7% | 3.2% |
Friday Notes - Eurozone inflation is expected to decelerate sharply in November by HVB Group
Eurozone inflation is expected to decelerate sharply in November. We expect a sizeable 0.9 pp decline to 2.3%, helped by a further deceleration in food prices and a large positive base effect on energy, which should account for half of the inflation decline. Core prices should remain relatively sticky. Inflation will ease further in the coming months. We expect a drop below 2% in March 2009, while the trough should be just below 1% in July 2009, with risks of even undershooting these figures.
[ Full Story ]Top Market Movers Review
UK GFK CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 28 | 00:01 | Gfk Consumer Confidence | -35 | -38 | -36 |
UK consumer morale posts surprise Nov rise−GfK NOP (Thomson Financial News)
British consumer confidence remains near record lows despite an unexpected increase in November, a survey from pollsters GfK NOP showed on Friday. Driven by a slight increase in shoppers' readiness to make big purchases, the index rose one point to −35 from −36, contrary to economists' expectation of a further drop to −38, but it remains close to the record low of −39 set in August.
[ Full Story ]- Read the Consumer Confidence data at GfK NOP
- DATA SNAP: UK Consumer Confidence Improves, But Remains Weak (Dow Jones)
Japan NATIONAL CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 27 | 23:30 | National Consumer Price Index (YoY) | 1.7% | 1.7% | 2.1% |
TABLE−Japan Oct nationwide core CPI up 1.9 pct (Thomson Financial News)
Following is a table of Japan's consumer price index (CPI). Click on for stories. Core CPI excludes volatile prices of fresh fruit, vegetables and seafood but not oil products. Tokyo area figures are released a month ahead of the nationwide data.
[ Full Story ]- Read the CPI data at Ministry of Public Management, Home Affairs, Posts and Telecommunications
- INSTANT VIEW 2−Japan core annual inflation drops to 1.9 pct (Thomson Financial News)
- INSTANT VIEW−Japan core annual inflation drops to 1.9 pct (Thomson Financial News)
- Japan Oct nationwide core CPI up 1.9 pct yr/yr (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 28 | 00:30 | AU | Private Sector Credit (MoM) (Oct) | 0.6% | 0.5% | 0.7% |
| 05:00 | JP | Annualized Housing Starts (Oct) | 1.027 | 1.126M | ||
| 05:00 | JP | Construction Orders (YoY) (Oct) | 47.2% | 10.3% | ||
| 05:00 | JP | Housing Starts (YoY) (Oct) | 19.8% | 29.3% | 54.2% | |
| 10:00 | EMU | Consumer Price Index (YoY) (Nov) | 2.7% | 3.2% | ||
| 10:00 | EMU | Unemployment Rate (Oct) | 7.6% | 7.5% | ||
| 10:30 | CH | KOF Leading Indicator (Nov) | 0.20 | 0.35 | ||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Nov) | -27 | |||
| 13:30 | CA | Current Account (Oct) | 5.1B | 6.8B | ||
| 13:30 | CA | Industrial Product Price (MoM) (Oct) | -1.1% | -1.2% | ||