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Forex Blogs
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
Quite a busy day for me, sorry for the delay! Let's take a look at this pair and see where is going to. The pair remains bullish as long as stays above the 1.2830 zone, and forming a flag in 4 hours charts.
Forex Trading Today: Which is Better?... Swiss or Belgian Chocolate?
FxBootcamp: Pre London Outlook November 25th 2008 by Wayne McDonell
Live Sessions Schedule
High−Probability Forex Pattern Trading
Expert: James Chen
Start: Tue, Nov 25, 14:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Nov 25, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 25, 12:30 GMT | Watch the US GDP Live | 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 | |
| Tue, Nov 25, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
EUR/USD
Dollar fell and Stock markets jumped in higher risk appetite
ACM − Advanced Currency Markets − Market is still trading in the last 3−week trading range 1.2330 – 1.3298 but breaking up the triangle consolidation pattern. This may open the way to 1.3500 target equal to 1.3302−1.2334 spread. On the further upside, only a return over 1.4000 (former trendline support) and 1.5000 will release actual pressure and may put key resistance 1.6000 into focus.
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USD/JPY
Forex Economic Analysis − The pair is in the second part of the broad consolidation by www.deltastock.com
The pair is in the second part of the broad consolidation since 90.95 short−term bottom, aiming at 103.52. Trading is situated below the 50− and 200−day SMA, currently projected at 107.61 and 105.76.
WEEKLY OUTLOOK
Weekly Technical Chart − EURGBP by Chart−Workshop
EUR/GBP technically still positive going forward. The large marabozu candle on the weekly chart keeps the picture positive with marabozu retracement support still around the 0.8325 area.
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
EUR USD, 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 Forex Technical Report − Dollar Recovers Overnight Losses but Remains Pressured by ActionForex.com
Daily Market Commentary - Stocks Soar But Watch Out for GDP Risk by GFT (Global Forex Trading)
Top Market Movers Review
UK BBA MORTGAGE APPROVALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 25 | 09:30 | BBA Mortgage Approvals | 21.584K | - | 23.383K |
DATA SNAP: BBA: UK Net Mtge Lending, Approvals Drop In Oct (Dow Jones)
U.K. net mortgage lending and approvals weakened again in October as the beleaguered housing market continued to be throttled by the credit crunch and concerns about a looming recession, data from the British Bankers' Association showed Tuesday.
[ Full Story ]- Read the Mortgage Approvals data at BBA
- UPDATE: BBA: UK Net Mortgage Lending, Approvals Drop In Oct (Dow Jones)
- UK mortgage approvals approach record low in Oct−BBA (Thomson Financial News)
- TABLE−UK Oct mortgage approvals fall 52 pct yy−BBA (Thomson Financial News)
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 |
| 09:00 | CH | UBS Consumption Indicator (Oct) | 1.32 | 1.67 | ||
| 09:30 | UK | BBA Mortgage Approvals (Oct) | 21.584K | 23.383K |
||
| 09:30 | UK | Total Business Investment (QoQ) (3Q)  | -0.2% | -1.9% | -1.0% | |
| 09:30 | UK | Total Business Investment (YoY) (3Q) | -0.5% | -2.2% | 1.2% | |
| 09:45 | UK | MPC Treasury Committee Hearings | ||||
| 13:30 | US | Gross Domestic Product Annualized (3Q) | -0.5% | 2.8% | ||
| 13:30 | US | Gross Domestic Purchases Price Index (3Q) | 4.2% | 4.2% | ||
| 13:30 | US | Personal Consumption Expenditure (QoQ) (3Q) | 2.9% | 1.2% | ||
| 13:30 | CA | Retail Sales (MoM) (Sep) | 0.4% | -0.3% | ||