Thursday, Nov 27, 12:19 GMT
U.S. 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: Trade What Is Real, Not What You Feel: Quantifying Supply (resistance) and Demand (support) In The Forex Markets by Sam Seiden
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Weblog: GBP/USD for today by Valeria Bednarik
Despite yesterday's low, the pair is recovering quickly, testing the 1.5500 zone, and tending higher. Yet only above it, the pair could run first to 1.5535 is the first resistance zone to consider.
The Trader's Edge: EUR/USD: US Celebrates Thanksgiving by Ross Yamashita
The Advisor Blog: U.S. Numbers: Majors react quite positive in this first spike by Valeria Bednarik
Postcards from the Right Edge: Wild Holiday week by Derek Frey
Live Sessions Schedule
US Pre−Market Open
Expert: Ed Ponsi
Start: Thu, Nov 27, 13:00 GMT
Type of Session: Webinar
Tracking the forex market together / Part II
Expert: Dr.S.Sivaraman
Start: Thu, Nov 27, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Thu, Nov 27, 15:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
Current Session: Europe − U.S.
GBP/USD
Major Pairs' Countertrend Moves Stifled Again
Swiss e Trade AG − Cable is trying hard to attack the resistance at 1.5500 in European morning trading, having been in an upmove since late Asian hours, and is currently trading at 1.5460. We see resistance at 1.5500 not being broken today, where we expect a turn to lower levels again, but not below 1.5350.
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EUR/USD
Daily Technical Strategist − EURUSD: Recovery Started At The 1.2423 Level Remains in Force by FXTechstrategy
The short term range break out trigger resides here with a break through there though not envisaged at this stage accelerating additional upmove towards its triangle break out price objective at 1.3630.
USD/JPY
Daily Forex News − Forex − Traders expect thin trading buy higher volatility over Thanksgiving by ACM − Advanced Currency Markets
Market has been holding slightly below 99.80 September−October trendline resistance in the latest weeks and even dropping to 93.56 low last week. Initial resistance holds 97.43 Monday high.
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
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
EMU CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 27 | 10:00 | Economic Confidence | 74.9 | 78.0 | 80.4 |
| Nov 27 | 10:00 | Industrial Confidence | -25 | -21 | -18 |
| Nov 27 | 10:00 | Consumer Confidence | -25 | -25 | -24 |
DATA SNAP: Euro−Zone Business Confidence Collapsed In Nov (Dow Jones)
Business and consumer confidence in the 15 countries that use the euro collapsed in November, indicating that the economy will slow further in the months ahead.
[ Full Story ]- Business and Consumer Surveys at European Commission
- UPDATE − Euro zone sentiment sinks, calls for big ECB cut (Thomson Financial News)
- INSTANT VIEW 7−Euro zone econ sentiment hits 15−year low in Nov (Thomson Financial News)
- INSTANT VIEW 6−Euro zone econ sentiment hits 15−year low in Nov (Thomson Financial News)
EMU economic indicators - EMU industrial confidence and economic sentiment (November): down by BHF−Bank
Germany UNEMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 27 | 08:55 | Unemployment Change | -10K | - | -26K |
German jobless rate edged down in November (FXstreet.com)
Unemployment figures have declined slightly in Germany in November although the jobless rate has remained unchanged, according to data released by the German employment office.
[ Full Story ]- Read the official data at Bundesagentur für Arbeit
- UPDATE 1−German labour market nears peak after jobless fall (Thomson Financial News)
- TABLE−German Nov adj jobless falls 10,000 m/m (Thomson Financial News)
- INSTANT VIEW−German Nov adj jobless fall bigger than expected (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 27 | 00:00 | US | Thanksgiving day | |||
| 08:55 | DE | Unemployment Change (Nov) | -10K | -26K | ||
| 09:00 | EMU | M3 (YoY) (Oct) | 8.7% | 8.1% | 8.6% | |
| 10:00 | EMU | Consumer Confidence (Nov) | -25 | -25 | -24 | |
| 10:00 | EMU | Economic Confidence (Nov) | 74.9 | 78.0 | 80.4 | |
| 10:00 | EMU | Industrial Confidence (Nov) | -25 | -21 | -18 | |
| 21:45 | NZ | Building Permits (MoM) (Oct) | 8.4% | |||
| 23:15 | JP | PMI Manufacturing Index (Oct) | 42.2 | |||
| 23:30 | JP | Jobless Rate (Oct) | 4.2% | 4.0% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Oct) | 1.7% | 2.1% | ||