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[COLOR=#444444][FONT=Arial][B]The [URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] was steady as German and French GDP for Q3 were both slightly higher than the estimates. Although the two biggest economies in the EZ recorded very modest growth of just 0.2%, the markets are happy to see any good news, given the dismal situation in the Euro-zone. Italian and Euro-zone GDP both posted drops, but also managed to beat the forecast. In the US, the minutes of the Fed’s October policy meeting were released, with the Fed hinting at further monetary easing measures in 2013. There are three key releases out of the US – Core CPI, Unemployment Claims and the Philly Fed Manufacturing Index.[/B][/FONT][/COLOR] ...

[COLOR=#444444][FONT=Arial][B]As expected, the euro-zone economies contracted also in the third quarter of 2012, making it two consecutive quarters of contraction – a recession.[/B][/FONT][/COLOR]
[COLOR=#444444][FONT=Arial]The euro-zone contracted by 0.1%, better than -0.2% that was expected, after Germany, France and Italy all slightly exceeded expectations.[/FONT][/COLOR]
[COLOR=#444444][FONT=Arial]The euro-zone also reported inflation figures: CPI is at 2.5% and core CPI at 1.5% (year-over-year), exactly as expected.[/FONT][/COLOR]
[COLOR=#444444][FONT=Arial]EUR/USD is now ticking lower to 1.2758. See technical lines in the [URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]euro to usd forecast[/URL].[/FONT][/COLOR] ...

Forex Trades 11/15 - European session - by [URL="www.forexticket.co.uk"]Forex ticket[/URL] (ex [URL="http://www.mataf.net"]mataf.net[/URL])

[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/gbpusd"]GBP/USD - British Pound / US Dollar[/url][/b]
[b]Entry[/b]: 1.5845
[b]Stop[/b]: 1.5865
[b]Resistances[/b]: 1.602 - 1.5915 - 1.586
[b]Supports[/b]: 1.576 - 1.58 - 1.583

[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/audusd"]AUD/USD - Australian dollar / US Dollar[/url][/b]
[b]Entry[/b]: 1.0355
[b]Stop[/b]: 1.038
[b]Resistances[/b]: ...

GBPUSD continues its downward movement from 1.6174, and the fall extends to as low as 1.5836. Resistance remains at the downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend could be expected to continue, and next target would be at 1.5800 area. On the upside, a clear break above the trend line resistance will indicate that consolidation of the downtrend is underway, then sideways movement could be seen to follow.



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