Monday, Feb 25, 16:58 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. Not as predicted
- Webinars VIDEOS: Trading Range Bound and Trending Market Conditions by Adam Rosen
- Currency Performance Report: Asia, Europe and US
- Check our Forex Brokers Information Table
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- Streaming FX Rates: All currencies of the world. Just make a login and choose your favorite crosses
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Feb 26, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Tue, Feb 26, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Feb 25, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Steve Primo | WBN |  |
| Tue, Feb 26, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Feb 26, 10:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN | |
| Tue, Feb 26, 11:00 GMT | What Moves Currencies? − A look at the carry trade | Tony Juste | WBN |  |
| Tue, Feb 26, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
USD/JPY
Technical Summary for Majors − USDJPY: Reversal off 108.60, 14 Feb high by Windsor Brokers Ltd
Reversal off 108.60, 14 Feb high, has left a lower top at 108.32, ahead of deeper correction to 106.73 on 22 Feb. Renewed strength from there has cleared 107.57 resistance to test 107.90/108.00 area, ahead of pullback to 107.58. Bounce of the latter is now retesting 108.00 zone, break of which is required to resume recovery towards 108.36, possibly 108.60 on a break. Upside rejection at 108.00 risks 107.58/23 instead.
- FX Instructor Live Trading Room by Mihai Marinescu, Instructor FX Instructor
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Currencies: Technical Strategies − Euro Consolidates Against the Dollar by fxKnight.com
Top Market Movers Preview
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Feb 26 | 07:00 | Gross Domestic Product s.a (QoQ) | 0.3% | 0.7% |
EMU economic indicators - M3 growth probably accelerated to 11.6% yoy in January by BHF−Bank
German GDP in Q4 2007 is not expected to be revised substantially. The detailed breakdown of the components will show that net exports and investment in machinery and equipment had a favourable impact on overall GDP.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 25 | 15:00 | Existing Home Sales | 4.89M | 4.81M | 4.91M |
| Feb 25 | 15:00 | Existing Home Sales (MoM) | -0.4% | -1.8% | -2.2% |
US Jan Existing Home Sales Drop 0.4% To 4.89 Mln Rate (Dow Jones)
Existing−home sales fell for the sixth month in a row during January as consumers stood on the sidelines watching prices slide for property.
[ Full Story ]- Read the Existing Home Sales data at NAR
- Dollar Gains Vs Euro After US Existing Home Sales Data (Dow Jones)
- US January existing home sales down 0.4 pct to 4.89 mln vs 4.8 mln expected (Thomson Financial News)
- US Existing home sales decrease again in January; so do prices (FXstreet.com)
Weekly Forex Market Commentary - The US economic agenda will open on Monday with the release of existing home sales report for January by Global Forex Trading
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.4827
02/25/2008 16:21 GMT - GBP/USD
- Back around opening price level 1.9681 , above pivot level 1.9662
02/25/2008 16:21 GMT - USD/CHF
- Trades below first resistant level 1.0900
02/25/2008 16:22 GMT - USD/JPY
- Continues to move up above second resistant level 107.99
02/25/2008 16:22 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, 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
GBP USD, Hourly
EUR USD, Hourly
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 25 | 15:00 | US | Existing Home Sales (Jan) | 4.89M | 4.81M | 4.91M |
| 15:00 | US | Existing Home Sales (MoM) (Jan) | -0.4% | -1.8% | -2.2% | |
| 23:50 | JP | Corporate Service Price (YoY) (Jan) | 1.4% | 1.4% | ||
| Feb 26 | 02:00 | NZ | RBNZ Inflation Expectations q/q (4Q) | 2.8 | 2.7 | |
| 07:00 | DE | Gross Domestic Product n.s.a (YoY) (4Q) | 1.8% | 2.4% | ||
| 07:00 | DE | Gross Domestic Product s.a (QoQ) (4Q) | 0.3% | 0.7% | ||
| 07:00 | DE | Gross Domestic Product w.d.a (YoY) (4Q) | 1.6% | 2.5% | ||