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The Advisor Blog: Majors for today by Valeria Bednarik
The Eur/Usd is quoting around 1.4720, slightly bullish in 4 hours charts, although the pair has a tough congestion zone between 1.4740/60, that won't be easy to break. Only a confirmation above this zone, could bring some more bullish in the next hours, being next resistances at 1.4805 and finally 1.4835, a descendant trend line.
FX Market Readings: EURO and GBP are expected to swing and spike up by Dr. S. Sivaraman
Trade Setups: Forex Video − Set ups 27 Aug '08 − Analysis by Phil Newton
Live Sessions Schedule
Main Fundamental theme in the Currency Market
Expert: John Kicklighter
Start: Wed, Aug 27, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Aug 27, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 27, 13:00 GMT | Main Fundamental theme in the Currency Market | John Kicklighter | WBN | |
| Wed, Aug 27, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Aug 27, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Aug 28, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
As expected the pair broke through 1.4670 and 1.4629, reaching local bottom at 1.4570. Significant rebound so far, but we feel no need to change our outlook for 1.4452, until the 1.4805 resistance is intact. So for today expect a break below 1.4638 to clear the way towards 1.4570 and 1.4452. Keep in mind, that current descending wave seems to be the last one of the downtrend from 1.6037 and is likely to end around 1.4452 dynamic support.
Today's strategy: Sell below 1.4638 for 1.4571 and 1.4483.
- 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:
Forex Analysis on Majors − Statistics from Germany is still negative by Forex Ltd
Market View
Daily Analysis − Dollar down on speculation over US data by Finotec Group Inc.
Currency Performance Report
Currency Performance Report − Europe Session Performance by FXstreet.com
Majors at a Glance
- EUR/USD
- Moves sideways above the 1.4700 level .
08/27/2008 09:58 GMT - GBP/USD
- Keep rising gradually with low volatility .
08/27/2008 10:01 GMT - USD/CHF
- Moves sideways with low volatility. Immediate support is found at 1.0929.
08/27/2008 10:03 GMT - USD/JPY
- Shows a pullback at 108.68 . CCI divergence is seen.
08/27/2008 10:07 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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 27 | 12:00 | Consumer Price Index (MoM) | -0.2% | 0.6% |
| Aug 27 | 12:00 | Consumer Price Index (YoY) | 3.2% | 3.3% |
FX Briefing - Inflation in Germany eases slightly by BHF−Bank
The August consumer price data are particularly interesting, as this was when the energy price decline started having an effect. In Germany, we are expecting prices to have fallen by 0.3 percentage points due to fuel and heating oil; the annual inflation rate could thus go down from 3.3 to 3.2%.
[ Full Story ]- Baden−Wuerttemberg August CPI down 0.3 pct vs July, up 3.2 pct year−on−year (Thomson Financial News)
- North Rhine−Westphalia Aug CPI down 0.4 pct vs July, up 2.9 pct yr−on−yr (Thomson Financial News)
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 27 | 12:30 | Durable Goods Orders ex Transportation | -0.5% | 2.0% |
| Aug 27 | 12:30 | Durable Goods Orders | 0.1% | 0.8% |
US economic indicators - Durable goods orders will have gone up slightly by 0.2% mom in July by BHF−Bank
Although the ISM manufacturing's new orders component fell to a seven−year−low in July, we forecast that durable goods orders will have gone up slightly by 0.2% mom in July. The transportation sector should have had a positive impact.
[ Full Story ]- HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
Top Market Movers Review
US FOMC MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 26 | 18:00 | FOMC Minutes | - | - | - |
FOMC minutes say members 'generally' see rate hike as next move, timing unclear (Thomson Financial News)
Federal Open Market Committee (FOMC) members all but shut the door on easing interest rates in the near future and instead suggest that the next policy move would be a rate hike, although the timing is uncertain, according to minutes from its most recent FOMC meeting.
[ Full Story ]- Read the Minutes of Meeting at FOMC
- FOMC minutes say members 'generally' see rate hike as next move UPDATE (Thomson Financial News)
- HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
FOMC: Continued wide disagreement by Danske Bank A/S
Daily Radio Show - ECB VS. The Fed by TraderRadio.net
Daily Forex Technical Report − EUR/USD Decline Resumes after Ifo Disappointment, US Housing and FOMC Minutes Next by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 26 | 14:00 | US | New Home Sales (MoM) (Jul) | 2.4% | -0.9% | -2.1% |
| 18:00 | US | FOMC Minutes | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Aug 24) | -50 | -50 | ||
| Aug 27 | 01:30 | AU | Construction Work Done (2Q) | -2.6% | 1.5% | 2.3% |
| 03:00 | NZ | Business Confidence | -20.5 | -43.2 | ||
| 11:00 | US | MBA Mortgage Applications (Aug 22) | 0.5% | -1.5% | ||
| 12:00 | DE | Consumer Price Index (MoM) (Aug)  | -0.2% | 0.6% | ||
| 12:00 | DE | Consumer Price Index (YoY) (Aug) | 3.2% | 3.3% | ||
| 12:30 | US | Durable Goods Orders (Jul) | 0.1% | 0.8% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Jul) | -0.5% | 2.0% | ||