Tuesday, Nov 27, 12:10 GMT
U.S. Trading Newsletter
To Get Started
- Brand new Futures Quotes & Charts available
- NEW Webinar Video: Spotting Short-Term Reversal Points by Adam Rosen
- Get FXstreet's Economic Calendar for your own site
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Forex with Ed Ponsi
Expert: Ed Ponsi
Start: Tue, Nov 27, 14:30 GMT
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Nov 27, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 27, 12:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
| Tue, Nov 27, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Nov 27, 14:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
| Tue, Nov 27, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
Current Session: Europe − U.S.
EUR/USD
The Word of Majors − EUR/USD: possible top in the works, only ends above 1.4888 by FXstreet.com
There is a possible head−and−shoulders top in the works. Slipping under the new support line at 1.4846 will open the way down to the 1.4772 support The pattern itself though implies a possible correction as low as 1.4600. That said, the last shoulder is taking on the contours of a bullish ascending triangle. This diminishes the possibility that a top is forming. Pushing past 1.4888 largely ends this chance and should tempt players to knock out the 1.4968 all−time−high.
- 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:
EUR/JPY Daily Technical Forex − EUR/JPY Daily Technical Forex by Stoploss.ch
Daily Technical Analysis − EUR: Holding below Friday's ‘doji' candle but giving up surprisingly little room by Mizuho Corporate Bank
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
Majors at a Glance
- EUR/USD
- Trades around pivot level 1.4853
11/27/2007 12:01 GMT - GBP/USD
- Continues to trade around pivot level 2.0683
11/27/2007 12:01 GMT - USD/CHF
- Continues to trade around pivot level 1.0999
11/27/2007 12:01 GMT - USD/JPY
- Stays below first resistant level 108.37
11/27/2007 12:02 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
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Nov 27 | 15:00 | Consumer Confidence | 91.0 | 95.6 |
US economic indicators - Consumer confidence is likely to deteriorate further in November by BHF−Bank
Given the further decline in the University of Michigan's consumer sentiment from 80.9 to 76.1, we expect the Conference Board's consumer confidence to go down again to about 90.0 in November.
[ Full Story ]- Ahead of the Bell: Consumer Confidence (Thomson Financial News)
- OUTLOOK Highlights of US economic data to be released this week (Thomson Financial News)
Top Market Movers Review
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 27 | 09:00 | IFO − Expectations | 98.3 | 98.1 | 98.6 |
| Nov 27 | 09:00 | IFO − Business Climate | 104.2 | 103.3 | 103.9 |
German Ifo Business Climate index picks up in November (FXstreet.com)
Business climate index rose to the level of 104.2 points in November from the 103.9 points registered in October, according to the latest report by Ifo Group.
[ Full Story ]- Read full IFO Survey data at IFO
- 2ND UPDATE: German Business Climate Improves Unexpectedly (Dow Jones)
- UPDATE: German Nov Business Climate Unexpectedly Brightens (Dow Jones)
- Forex − Euro picks up as German Ifo firms, but gains limited (Thomson Financial News)
EMU economic indicators - CPI inflation in Germany is likely to have accelerated to 2.8 % yoy in November by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 26 | 23:50 | JP | Corporate Service Price (MoM) | 0.3% | 0.7% | |
| 23:50 | JP | Corporate Service Price (YoY) (Oct) | 1.4% | 1.5% | 1.4% | |
| Nov 27 | 08:15 | CH | Producer and Import Prices (MoM) (Oct) | 0.2% | -0.3% | |
| 08:15 | CH | Producer and Import Prices (YoY) (Oct) | 2.7% | 2.4% | ||
| 09:00 | DE | IFO − Business Climate (Nov) | 104.2 | 103.3 | 103.9 | |
| 09:00 | DE | IFO − Expectations (Nov) | 98.3 | 98.1 | 98.6 | |
| 15:00 | US | Consumer Confidence (Nov) | 91.0 | 95.6 | ||
| 15:00 | US | Richmond Fed Manufacturing Index (Nov) | -2 | -5 | ||
| 23:50 | JP | BoJ's Governor Fukui Speaks | ||||
| 23:50 | JP | Large Retailer's Sales (Oct) | -1.1% | -2.0% | ||