Wednesday, Feb 25, 12:29 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: My Favorite Patterns To Trade by Derek Frey
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: EUR/USD Holds The Line While Gold Corrects by Tim Salem
As we usually see with "natural" Market behavior… we are seeing some "resting"…"continuation"…"consolidation".. and every other descriptor we can think of after we see such stout Momentum−driven Directionality! Our "Risk−Averse" Friend, the Dollar, is handling the job just fine!
The Advisor Blog: Majors’s sentiment for today by Valeria Bednarik
Find other fellow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Main Fundamental theme in the Currency Market
Expert: John Kicklighter
Start: Wed, Feb 25, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Feb 25, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 25, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Feb 25, 14:00 GMT | Main Fundamental theme in the Currency Market | John Kicklighter | WBN | |
| Wed, Feb 25, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Feb 25, 15:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
Current Session: Europe − U.S.
Forex – GBP/USD: The Pound breaks below 1.4450, on its way to intra−week low at 1.4360
FXstreet.com − The Pound's rejection of the 1.4600 level extends below 1.4450 so far, and the Pound has dropped more than 150 pips so far in European session, advancing towards intra−week resistance level at 1.4360.
Selling pressure seems increasing and in case of breaking below 1.4360, the Pound could advance towards 1.4300 (Feb 16.17 and 18 high), below here, 1.4210.
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Daily Technical Strategist − Price Hesitation Continues To Hold EUR Off The 1.2514/1.2330 Levels by FXTechstrategy
EURUSD: Price Hesitation Continues To Hold EUR Off The 1.2514/1.2330 Levels− Despite its tumble off the 1.2992 level, its Monday high, a failure to follow through lower Tuesday saw the pair reversing all of those losses and opening the door for a push towards the 1.2992 level
USD/JPY: Dollar drops aggressively from 96.95 testing 96.35 intra−day low by FXstreet.com
The USD/JPY has dropped aggressively from the 96.90 area giving away about 50 pips, testing intra day support at 96.35.
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
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 | 4.82M | 4.74M |
| Feb 25 | 15:00 | Existing Home Sales (MoM) | 1.7% | 6.5% |
Trading News Report - EUR/USD: Trading the U.S. Existing Home Sales Report by FXCM
Demands for existing homes in the U.S. are expected to rise for the second consecutive month in January as potential home buyers take advantage of the record drop in home prices however, as household face a weakening labor market paired with fears of a deepening recession, the outlook for the housing sector remains bleak.
[ Full Story ]Top Market Movers Review
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 25 | 09:30 | Index of Services | -0.9% | -1.0% | -0.4% |
| Feb 25 | 09:30 | Gross Domestic Product (YoY) | -1.9% | -1.9% | 0.2% |
| Feb 25 | 09:30 | Gross Domestic Product (QoQ) | -1.5% | -1.6% | -0.7% |
DATA SNAP: UK Q4 Household Spending Dives 0.7% But GDP Unch (Dow Jones)
Spending by the U.K. consumer in the last three months of 2008 fell at its fastest pace since 1991, the Office for National Statistics said Wednesday, while it left the U.K. economy's fourth−quarter contraction unchanged.
[ Full Story ]- Read the GDP data at UK Statistics
- GBP/USD: The Pound backs off from 1.4600 after UK GDP (FXstreet.com)
- UK GDP (YoY) falls to −1.9% in 4Q, biggest drop in 18 years (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 25 | 07:00 | DE | Gross Domestic Product n.s.a (YoY) (4Q) | -1.6% | -1.6% | 1.3% |
| 09:30 | UK | Gross Domestic Product (QoQ) (4Q)  | -1.5% | -1.6% | -0.7% |
|
| 09:30 | UK | Gross Domestic Product (YoY) (4Q) | -1.9% | -1.9% | 0.2% |
|
| 09:30 | UK | Index of Services (Dec) | -0.9% | -1.0% | -0.4% | |
| 11:00 | PL | NBP Interest Rate decision | 4.00% | 4.25% | ||
| 12:00 | US | MBA Mortgage Applications (Feb 20) | -15.1% | 45.7% | ||
| 15:00 | US | Existing Home Sales (Jan) | 4.82M | 4.74M | ||
| 15:00 | US | Existing Home Sales (MoM) (Jan) | 1.7% | 6.5% | ||
| 15:30 | US | EIA Crude Oil Stocks change | 7.2M | |||
| Feb 26 | 07:00 | DE | Consumer Price Index (MoM) (Feb) | 0.3% | -0.5% | |