Monday, Aug 25, 07:45 GMT
EUROPEAN Trading Newsletter
Forex Blogs
Recommended Readings
FX Market Readings: Early big moves by Dr. S. Sivaraman
EURO and GBP have done big drop of 100+ pips during start of the day. USD/YEN and AUD are holding during their session. YEN crosses are again making quick drops.
FX Path: GBP/USD Update by James Chen
1st on Forex: Week Ahead for August 25−29 Calendar by Jerry Furst
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Aug 25, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 25, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 25, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Aug 25, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Aug 25, 15:15 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Aug 25, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
GBP/USD
Daily Market Commentary − The market is looking for a dip to buy dollars again by Global Forex Trading
Sterling/dollar failed its attempt to recover and closed on a very bearish tone on Friday. The medium term outlook remains negative. Immediate support is at 1.8405. Further supports are at 1.8330 and 1.8190. Initial resistance now comes at 1.8480. The next likely cap is 1.8620.
- Gbp/Usd and Usd/Jpy for today by Valeria Bednarik, Analyst at MolFX − Management
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Market Session Recaps − Asia Session by FOREX.com
Strategy Report
Daily Recommended Trades − Daily Technical Outlook − Monday 08.25.2008 by E−Forex
Currency Performance Report
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades around first support level 1.4718
08/25/2008 06:50 GMT - GBP/USD
- Trades around first support level 1.8409
08/25/2008 06:50 GMT - USD/CHF
- Moves up towards first resistant level 1.1039
08/25/2008 06:51 GMT - USD/JPY
- Trades around opening price level 110.09 , above pivot level 109.50
08/25/2008 06:52 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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 25 | 14:00 | Existing Home Sales | 4.90M | 4.86M |
| Aug 25 | 14:00 | Existing Home Sales (MoM) | 0.8% | -2.6% |
Friday Notes - Existing home sales have bottomed out by HVB Group
After dropping 2½% in June, existing home sales likely rebounded in July. Such a movement has been signaled by the Pending Home Sales Index, which rose 5¼%.
[ Full Story ]Top Market Movers Review
New Zealand FOOD PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 24 | 22:45 | Food Price Index (MoM) | 0.6% | - | 1.3% |
NZ Food Price Index +0.6% In July (Dow Jones)
Food prices in New Zealand rose in July, mainly driven by fruit and vegetable prices, data published Monday showed. Statistics New Zealand said its food−price index rose 0.6% in July from June and 7.6% on the year, with the fruit and vegetable subgroup up 3.6% on the month. Last month, the statistics agency said the 8.2% rise in the index in the June year was the highest in 18 years.
[ Full Story ]- Read the Food Price Index report at Statistics New Zealand
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 24 | 22:45 | NZ | Food Price Index (MoM) (Jul) | 0.6% | 1.3% | |
| Aug 25 | 00:00 | UK | Late Summer Holiday | |||
| 14:00 | US | Existing Home Sales (Jul) | 4.90M | 4.86M | ||
| 14:00 | US | Existing Home Sales (MoM) (Jul) | 0.8% | -2.6% | ||
| 22:45 | NZ | Trade Balance (Jul) | -223M | |||
| 23:50 | JP | Corporate Service Price (YoY) (Jul) | 1.4% | 1.2% | ||
| Aug 26 | 03:00 | NZ | RBNZ Inflation Expectations q/q (3Q) | 2.7 | ||
| 06:00 | DE | Gfk Consumer Confidence Survey (Sep) | 2.1 | |||
| 06:00 | DE | Gross Domestic Product n.s.a (YoY) (2Q) | 1.8% | |||
| 06:00 | DE | Gross Domestic Product s.a (QoQ) (2Q) | 1.5% | |||