Wednesday, Feb 25, 16:52 GMT
ASIA-PACIFIC Trading Newsletter
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- WEBINAR VIDEOS: My Favorite Patterns To Trade by Derek Frey
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: USD/CAD − Adhering to Uptrend Support by James Chen
Consolidating price action on USD/CAD, a daily chart of which is shown, has been adhering closely to a key uptrend support line extending from the swing low in late September. Moderately bearish within the last week or so, this pair has stalled at uptrend support, but may go on eventually to make a bonafide breakdown of this line.
Forex Trading Today: Dollar still Heavy for EUR/USD with Continued Risk Aversion by Tim Salem
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Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Feb 25, 18:00 GMT
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Type of Session: Webinar
Scanning for High Probability Trading Opportunities − Free Access Day
Expert: Sam Seiden
Start: Thu, Feb 26, 10:00 GMT
Type of Session: Webinar
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| Wed, Feb 25, 17:00 GMT | Hedging with Options in Today's Forex | John Jagerson | WBN |  |
| Wed, Feb 25, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Feb 26, 10:00 GMT | Scanning for High Probability Trading Opportunities − Free Access Day | Sam Seiden | WBN | |
| Thu, Feb 26, 11:00 GMT | Technical analysis is NOT the trading plan − Free Access Day | Sunil Mangwani | WBN | |
| Thu, Feb 26, 12:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
Current Session: U.S.
Euro and Pound extend losses on negative U.S. housing data
FXstreet.com − Risk aversion has returned to the markets triggered by U.S. home sales report which has produced a further decline in U.S. stock markets, and further losses for the Euro and Pound as the Dollar has performed as safe haven.
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Looking for the 1.1700 resistance again by FXstreet.com
After fights all the day, finally the USD/CHF has broken the 1.1640 level and it is looking for the 1.1700 resistance again. Risk aversion has returned to the markets triggered by U.S. home sales report which has produced a further decline in U.S. stock markets as the Dollar has has performed as safe haven.
The uptrend should continue on 99,00 resistance by FXstreet.com
USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat.
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
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Feb 26 | 07:00 | Consumer Price Index (YoY) | 0.8% | 0.9% |
| Feb 26 | 07:00 | Consumer Price Index (MoM) | 0.3% | -0.5% |
EMU economic indicators - German CPI (February): unchanged at 0.9% yoy by BHF−Bank
The preliminary results for national German CPI for February are due to be released on Thursday at the latest. We expect German consumer prices to have risen by 0.4% mom; the annual rate would remain unchanged at 0.9%. Prices for accommodation services and package tours are expected to have increased.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 25 | 15:00 | Existing Home Sales | 4.49M | 4.82M | 4.74M |
| Feb 25 | 15:00 | Existing Home Sales (MoM) | -5.3% | 1.7% | 6.5% |
US Jan Existing Home Sales Dn 5.3% To 4.49 Mln Rate (Dow Jones)
Existing−home sales tumbled to a nearly 12−year low in January, and prices took a double−digit drop. Home resales fell to a 4.49 million annual rate, a 5.3% decrease from December's unrevised 4.74 million annual pace, the National Association of Realtors said Wednesday.
[ Full Story ]- Forex − Euro and Pound extend losses on negative U.S. housing data (FXstreet.com)
- Forex − EUR/USD falls on US housing data (FXstreet.com)
- Table of Data On Existing US Home Sales (Dow Jones)
Trading News Report - EUR/USD: Trading the U.S. Existing Home Sales Report by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 25 | 15:00 | US | Existing Home Sales (Jan) | 4.49M | 4.82M | 4.74M |
| 15:30 | US | EIA Crude Oil Stocks change | 0.7M | 7.2M | ||
| Feb 26 | 07:00 | DE | Consumer Price Index (MoM) (Feb)  | 0.3% | -0.5% | |
| 07:00 | DE | Consumer Price Index (YoY) (Feb) | 0.8% | 0.9% | ||
| 07:00 | DE | Gfk Consumer Confidence Survey | 2.0 | 2.2 | ||
| 07:00 | DE | ILO Unemployment Rate (Jan) | 7.2% | |||
| 07:00 | UK | Nationwide Housing Prices n.s.a (YoY) | -17.1% | -16.7% | ||