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EUR/USD: Trading the Durable Goods Report

U.S. durable goods orders are expected to improve for a second month with demand increasing by 0.5% following a 1.0% improvement the month prior. The current positive trend in demand for long lasting goods bodes well for sustainable growth as continued investment is a sign of improving optimism which will eventually lead to an increase in hiring.

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Forex Market News

John Rivera

Currency Analyst

John Rivera

Euro Shakes Off Earlier Weakness As German Business Confidence And Industrial New Orders Rise

The Euro continues to trade higher following a 15 month high in German business confidence with the EUR/USD now looking to re-test 1.5000. The German IFO survey rose to 93.9 from 91.9 with both the current assessment and expectation component seeing improvement.

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Technical Analysis

Jamie Saettele

Senior Technical Strategist

Jamie Saettele

Euro Trades at Top of Multi Week Consolidation

The EURUSD has held 5th wave channel support. Until that support breaks, a break higher is favored from the recent consolidation.

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ANALYST PICKS

John Kicklighter

Currency Strategist

John Kicklighter

Currency Pair: Long EURJPY, Remain Short EURUSD
Expertise: Combining Money Management with Fundamental and Technical Analysis
Average Time Frame of Trades: 3 Days - 1 Week
Jamie Saettele

Senior Technical Strategist

Jamie Saettele

Currency Pair: long EURNZD, against 2.0340, target 2.1500
Expertise: Technical
Average Time Frame of Trades:
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DAILY FOREX NEWS REPORT

FXbootcamp European Outlook 11/24/2009

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Live Currency Rates
Name Last High Low

US Durable Goods Orders (OCT)
...
0.5%
A final round of dense US data is the last chance for a break before liquidity drains. Follow this event risk and its impact with John Rivera. Full Story
Daily Economic Calendar
Time Event Actual Forecast
Nov 2315:00 USD USD Existing Home Sales (OCT) 6.10M 5.70M
Nov 2308:30 EUR EUR German Purchasing Manager Index Manufacturing (NOV A) 52.0 51.6
Nov 2309:00 EUR EUR Euro-Zone Purchasing Manager Index Composite (NOV A) 53.7 53.4


Central Bank Rates
Currency Rates   Currency Rates
New Zealand NZD 2.50%   Australia AUD 3.50%
Great Britain GBP 0.50%   United States USD 0.25%
Canada CAD 0.25%   EU EUR 1.00%
Switzerland CHF 0.25%   Japan JPY 0.10%
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