Thursday, Feb 26, 08:47 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
The Trader's Edge: EUR/USD Trade Analysis by Ross Yamashita
We are about 4 hours away from the opening of the European markets and we wanted to give you our EUR/USD analysis. As you can see from the screen capture, we have put in two trend lines. The overall trend seems to be downward movement.
Forex Trading Today: USD/CAD Remains Rangebound as Crude Oil is Basing by Tim Salem
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Live Sessions Schedule
Scanning for High Probability Trading Opportunities − Free Access Day
Expert: Sam Seiden
Start: Thu, Feb 26, 10:00 GMT
Type of Session: Webinar
Trading the quiet market hours − Free Access Day
Expert: Adam Rosen
Start: Thu, Feb 26, 15:00 GMT
Type of Session: Webinar
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| 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 |  |
| Thu, Feb 26, 15:00 GMT | Trading the quiet market hours − Free Access Day | Adam Rosen | WBN | |
Current Session: Europe
Forex − USD/JPY: Gains above 98.00 difficult, says Mizuho
FXstreet.com −The USD/JPY looks to be rallying unconstrained, the pair has continued growing during Thursday's Asian session, from session lows of about 97.30, the Dollar has climbed up to a maximum of 97.98, and at the moment the pair seems to be hovering below 98.00 resistance area.
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Foreing Exchange − GBP Remains weak below the falling resistance coming in at 1.4744 by Avantage Financial GMBH
Remains weak below the falling resistance coming in at 1.4744 today. The 1.50 level is also key resistance level and key support remains the 1.4050 level. Key levels for today are, falling resistance at 1.4744 and underlying support down at 1.4150.
Currency Majors Technical Analysis − EUR USD is in a range between 1,2665 and 1,2885 by Mataf.net
EUR USD is in a range between 1,2665 and 1,2885. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration.
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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Feb 26 | 10:00 | Industrial Confidence | -33 | -34 |
| Feb 26 | 10:00 | Consumer Confidence | -31 | -31 |
| Feb 26 | 10:00 | Economic Confidence | 69.2 | 68.9 |
EMU economic indicators - EMU industrial confidence and economic sentiment (February): down by BHF−Bank
For similar reasons, Italian business confidence could have remained the same too, whereas French and Italian consumer confidence and Belgian business confidence could have suffered setbacks in February. Thus, EMU economic sentiment and EMU industrial confidence will probably have declined.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 26 | 07:00 | Gfk Consumer Confidence Survey | 2.6 | 2.0 | 2.2 |
German GfK March Consumer Sentiment At 2.6 Vs 2.3 In Feb (Dow Jones)
German market research group GfK's forward−looking consumer climate index rose to 2.6 points for March, defying expectations of a decline, Reuters news agency said Thursday. A Dow Jones Newswires survey of 12 analysts expected the index to fall to 2.0 points.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 26 | 08:47 | DE | Consumer Price Index (YoY) (Feb)  | 0.8% | 0.9% | |
| 07:00 | DE | Gfk Consumer Confidence Survey | 2.6 | 2.0 | 2.2 | |
| 07:00 | UK | Nationwide Housing Prices n.s.a (YoY) | -17.6% | -17.1% | -16.7% | |
| 07:00 | UK | Nationwide Housing Prices s.a (MoM) | -1.8% | -1.2% | -1.3% | |
| 08:55 | DE | Unemployment Change (Feb) | 60K | 56K | ||
| 08:55 | DE | Unemployment Rate s.a. (Feb) | 7.9% | 7.8% | ||
| 09:00 | EMU | M3 (YoY) (Jan) | 7.3% | |||
| 10:00 | EMU | Consumer Confidence (Feb) | -31 | -31 | ||
| 10:00 | EMU | Economic Confidence (Feb) | 69.2 | 68.9 | ||
| 10:00 | EMU | Industrial Confidence (Feb) | -33 | -34 | ||