Tuesday, Aug 25, 07:39 GMT
EUROPEAN Trading Newsletter
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To Get Started
- WEBINAR VIDEOS: Why Volatility: Probability Matter Within Forex Trading by Mark Whistler
- Forex Tools renewed! Check out the brand new features: Margin Calculator and Carry Trade Calculator
- All the events of the day in our Economic Calendar
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Forex Blogs
The Disciplined Trader: Psychology Piece − Some currency pairs are better to trade than others... Right? by Pierre Charlebois
In some ways some pairs are better than then others to trade due to liquidity and spread but as long as you stick to the majors then there really isn't much difference.
The Day Job Trader: GBP/USD Prepares to Test Channel Boundaries by Ryan O'Keefe
FX Bootcamp: Volatility Analysis: GBP/USD by Curt Wehrley
Sponsored by 
Live Sessions Schedule
London Session Scenarios on GBPUSD & GBPJPY
Expert: Mihai Marinescu
Start: Tue, Aug 25, 08:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Aug 25, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 25, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN |  |
| Tue, Aug 25, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Aug 25, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
| Tue, Aug 25, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
Current Session: Europe
Downside correction towards 1.4250
ecPulse.com − The Euro versus Dollar pair continues to trade around the 23.6% correction at 1.4300, in an attempt to gather bullish momentum to incline on the intraday basis. We expect the pair to continue the downside correction towards 1.4250 before rebounding back to the upside on the intraday basis targeting 1.4550, as far as 1.4200 is intact.
GBP/USD
Cable continues to push on the downside against the dollar by Easy Forex
Cable continues to push on the downside against the dollar, testing bids into the 1.6400 region while writing these lines. Important support is formed into the 1.6300/20 region.
USD/JPY
USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). by ForexHound.com
1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum. The price should find a support above 93,60 (38 pips).
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
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Aug 25 | 14:00 | Consumer Confidence | - | 46.6 |
US economic indicators - Consumer confidence indicators (Aug): lack of optimism despite signs of stabilisation by BHF−Bank
The Conference Board's consumer confidence rebounded from its all−time low in April and May, but has fallen back since then, despite signs that the economy is stabilising: consumers are burdened with high debt levels, sharp wealth losses, rising unemployment and slow income growth. As the University of Michigan's (UMI) preliminary August consumer sentiment weakened from 66.0 to 63.2, we expect consumer confidence to have at best remained on its relatively low level of 46.6 in August.
[ Full Story ]Top Market Movers Review
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 25 | 06:00 | Gross Domestic Product w.d.a (YoY) | -5.9% | -5.9% | -6.7% |
| Aug 25 | 06:00 | Gross Domestic Product s.a (QoQ) | 0.3% | 0.3% | -3.5% |
| Aug 25 | 06:00 | Gross Domestic Product n.s.a (YoY) | -7.1% | -7.1% | -6.4% |
Germany QoQ GDP rises 0.3% in 2Q, −5.9% YoY (FXstreet.com)
[ Full Story ]- Read the GDP data at German Statistics
EMU economic indicators - German GDP with components by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 25 | 06:00 | DE | Gross Domestic Product n.s.a (YoY) (2Q) | -7.1% | -7.1% | -6.4% |
| 06:00 | DE | Gross Domestic Product w.d.a (YoY) (2Q) | -5.9% | -5.9% | -6.7% | |
| 06:00 | CH | UBS Consumption Indicator | 0.77 | 0.95 |
||
| 07:15 | CH | Employment Level (QoQ) | 3.95M | 3.96M | 3.96M | |
| 08:30 | UK | BBA Mortgage Approvals | 37.9K | 35.2K | ||
| 13:00 | US | S&P/Case−Shiller Home Price Indices (2Q) | -16.3% | -17.1% | ||
| 14:00 | US | Consumer Confidence (Aug) | 46.6 | |||
| 14:00 | US | Housing Price Index (MoM) (Jun) | 0.4% | 0.9% | ||
| 14:00 | US | Housing Price Index (YoY) (Jun) | -5.6% | |||
| 14:00 | US | Richmond Fed Manufacturing Index (Aug) | 14 | |||