Wednesday, Aug 26, 07:34 GMT
EUROPEAN Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Lower level consolidation to rise by Dr. S. Sivaraman
EURO and GBP were doing lower level consolidation during Japanese session.they are expected to firm up during European and during US sessions.
The Disciplined Trader: The trading day ahead - A look at the USD index by Pierre Charlebois
FX Path: EUR/USD - Traversing a Parallel Uptrend Channel by James Chen
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Aug 26, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Aug 26, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 26, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Aug 26, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Aug 26, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
| Wed, Aug 26, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
Current Session: Europe
Channel's support into the 1.6300−1.6330 zone is under pressure
InnerFX − Channel's support into the 1.6300−1.6330 zone is under pressure as the cable has reached a fresh low at 1.6305 a bit earlier today. A potential break down below the said bottom line could confirm a reversal of the current medium term uptrend. Another channel is formed on the hourly charts, but on the opposite direction (downwards), as seen on the hourly chart below. A break above the resistance band around 1.6385, out of the hourly channel, should favor further gains towards 1.6500, into a 'safe zone' far from the notable support of 1.6300/30.
USD/JPY
USD/JPY: Clear risk for a noteworthy pullback by DailyFX
Forex options data shows that the US Dollar/Japanese Yen currency pair remains in extremely overbought territory and is at clear risk for a noteworthy pullback.
EUR/USD
EUR/USD: (1.4300) Tested 1.4323 (neckline of Double Bottom: see graph) by KBC Bank
Tested 1.4323 (neckline of Double Bottom: see graph). Support area at 1.4252/ .4247 (current week low + daily envelope bottom/ daily Bollinger midline)
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
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Aug 26 | 08:00 | IFO − Expectations | 92.0 | 90.4 |
| Aug 26 | 08:00 | IFO − Business Climate | 89.0 | 87.3 |
Top Fundamental Stories - Europe Ahead: IFO Survey boosts confidence in Germany by ecPulse.com
As a continuation to the advance signaled in the previous period, in the largest economy in Europe, Germany will release its IFO confidence survey for August with expectations showing progress, after a wave of upbeat data released starting from the second quarter.
[ Full Story ]EMU economic indicators - German ifo business climate (August): up by BHF−Bank
Top Market Movers Review
US ABC/WASHINGTON POST CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 25 | 21:00 | ABC/Washington Post Consumer Confidence | -45 | -45 | -46 |
US ABC News Consumer Confidence Index −45 In Aug 23 Week (Dow Jones)
U.S. overall consumer confidence rose last week, according to an ABC News poll released Tuesday. The consumer comfort index rose one point to −45 in the week ended Aug. 23, from −46 a week earlier. According to the survey, 8% of respondents expressed confidence in the economy, up from 7% the week before.
[ Full Story ]- Read the Confidence data at ABC News
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 25 | 23:50 | JP | Corporate Service Price (YoY) (Jul) | -3.4% | -3.4% | -3.2% |
| Aug 26 | 00:30 | AU | Construction Work Done (2Q) | -0.1% | -3.0% | -2.2% |
| 06:00 | DE | Import Price Index (MoM) (Jul) | -0.9% | -0.9% | 0.4% | |
| 06:00 | DE | Import Price Index (YoY) (Jul) | -12.6% | -12.5% | -11.3% | |
| 08:00 | DE | IFO − Business Climate (Aug) | 89.0 | 87.3 | ||
| 08:00 | DE | IFO − Expectations (Aug) | 92.0 | 90.4 | ||
| 11:00 | US | MBA Mortgage Applications (Aug 21) | 5.6% | |||
| 12:30 | US | Durable Goods Orders (Jul) | 3.0% | -2.5% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Jul) | 1.0% | 1.1% | ||
| 14:00 | US | New Home Sales (Jul) | 390K | 384K | ||