Monday, Feb 25, 12:06 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Feb 25, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Advanced Methods for Finding Dominant Trends in Forex Markets
Expert: Steve Primo
Start: Mon, Feb 25, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Feb 25, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Feb 25, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Feb 25, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Feb 25, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 1.9654 − 25 February by iFOREX.bg
GBP/USD Open 1.9660 High 1.9705 Low 1.9603 Close 1.9663
The upward impulse of the Sterling, which we witnessed on Thursday, continued on Friday, but now began to lose its strength. However the Cable still remains above 1.9590, which we mark as the first support for today. If the Pound breaks this level, next support is the top from 16 December 2004 at 1.9540, and the 100 day MA at 1.9485,
- FX Instructor Live Trading Room by Mihai Marinescu, Instructor FX Instructor
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Daily FX Report by Varengold Wertpapierhandelsbank AG
Majors at a Glance
- EUR/USD
- Continues to trade below pivot level 1.4827
02/25/2008 11:57 GMT - GBP/USD
- Trades below pivot level 1.9662
02/25/2008 11:58 GMT - USD/CHF
- Moves up towards second resistant level 1.0949
02/25/2008 11:59 GMT - USD/JPY
- Moves up towards second resistant level 107.99
02/25/2008 11:59 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
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 25 | 15:00 | Existing Home Sales | 4.81M | 4.89M |
| Feb 25 | 15:00 | Existing Home Sales (MoM) | -1.8% | -2.2% |
Weekly Forex Market Commentary - The US economic agenda will open on Monday with the release of existing home sales report for January by Global Forex Trading
The disaster of the subprime crisis is far from being fixed and is dragging us in a recession that will likely be significant.
[ Full Story ]- Ahead of the Bell: Existing home sales (Thomson Financial News)
Top Market Movers Review
UK BBA MORTGAGE APPROVALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 25 | 09:30 | BBA Mortgage Approvals | 44.3 | - | 43.3K |
UK BBA mortgage approvals increase in January (FXstreet.com)
The volume of mortgage approvals has risen in January to 44.3K in the United Kingdom from 43.3K approvals in December, according to the latest report by the British Bankers Association.
[ Full Story ]- BBA homepage
- UPDATE: UK BBA Jan Mortgage Approvals, Lending Rise (Dow Jones)
- DATA SNAP: UK BBA Jan Mtge Lending Up On Remortgaging (Dow Jones)
- UK Jan net mortgage approvals rebound to 44,288 vs 42,343 in Dec − BBA (Thomson Financial News)
- Tony Juste, FX Advisor at FXstreet.com: "With the housing market taking center stage in UK, the number of mortgage approvals gives us an idea of the health status of that particular part of the economy. A low reading will rise a red flag and should be bearish for the GBP." − FXstreet.com
Daily Analysis - GBP recovers ground on the USD by Finotec Group Inc.
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 24 | 23:00 | EMU | ECB's Trichet Speech | |||
| Feb 25 | 00:01 | UK | Hometrack Housing Prices s.a (Feb) | 1.4 | 2.3 | |
| 09:30 | UK | BBA Mortgage Approvals (Jan) | 44.3 | 43.3K |
||
| 15:00 | US | Existing Home Sales (Jan) | 4.81M | 4.89M | ||
| 15:00 | US | Existing Home Sales (MoM) (Jan) | -1.8% | -2.2% | ||
| 23:50 | JP | Corporate Service Price (YoY) (Jan) | 1.4% | 1.4% | ||
| Feb 26 | 02:00 | NZ | RBNZ Inflation Expectations q/q (4Q) | 2.8 | 2.7 | |
| 07:00 | DE | Construction Investment (QoQ) (4Q) | -0.4% | 0.6% | ||
| 07:00 | DE | Domestic Demand (QoQ) | -0.2% | 0.9% | ||
| 07:00 | DE | Government Spending | -0.4% | -0.1% | ||