Thursday, Feb 26, 12:13 GMT
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Forex Blogs
The Trader's Edge: EUR/USD Trade Analysis by Ross Yamashita
We are about 4 hours away from the opening of the European markets and we wanted to give you our EUR/USD analysis. As you can see from the screen capture, we have put in two trend lines. The overall trend seems to be downward movement.
The Advisor Blog: Majors’s sentiment for today by Valeria Bednarik
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| Thu, Feb 26, 12:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
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| Thu, Feb 26, 16:00 GMT | How to Get Started Trading Forex − Free Access Day | Mark Whistler | WBN | |
| Thu, Feb 26, 18:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
Current Session: Europe − U.S.
The EUR/USD is fighting the 1.2760
FXstreet.com −The Euro is trading above the 1.2760 level of the flat trading channel it has been into since yesterday's American session. The Euro attempts to break higher although the pair seems fairly neutral. In addition, the worst than expected consumer, economic and industrial confidences are pressing down the Euro.
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Daily Trading Forecast − Cable is consolidating at lower levels by Swiss e Trade AG
After its selloff by as much as 400 pips yesterday, cable is consolidating at lower levels and is currently trading at 1.4260. We see recovery moves to be limited today, not exceeding the 1.4320 level.
Technical Research − Gold is finally finding support from our $951.92/oz support by FastBrokersFX
Gold is finally finding support from our $951.92/oz support as the precious metal continues to bounce within our uptrend band. The precious metal is still comfortably above our 1st tier uptrend line while the S&P futures are facing considerable resistances.
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 DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Feb 26 | 13:30 | Durable Goods Orders | -2.3% | -2.6% |
| Feb 26 | 13:30 | Durable Goods Orders ex Transportation | -2.0% | -3.6% |
US economic indicators - Durable goods orders (Jan): sixth decline in a row by BHF−Bank
Durable goods orders fell by 13.5% in the 4th quarter, and are likely to have dropped markedly again in January, by at least 3.0% mom. Transportation orders will have been particularly weak, as indicated by the fact that automobile production plunged by 40% mom. According to Boeing figures, aircraft orders have also fallen again.
[ Full Story ]Top Market Movers Review
Germany UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 26 | 08:55 | Unemployment Change | 40K | 60K | 59K |
| Feb 26 | 08:55 | Unemployment Rate s.a. | 7.9% | 7.9% | 7.8% |
UPDATE:German Labor Office:Job Crisis Less Severe Than Fears (Dow Jones)
German unemployment figures are unlikely to climb as fast as many fear despite the tangible economic slump as entrepreneurs try to keep staff, cutting working hours and salaries rather than making redundancies, the country's labor office said Tuesday.
[ Full Story ]Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 26 | 07:00 | Gfk Consumer Confidence Survey | 2.6 | 2.0 | 2.2 |
German GfK March Consumer Sentiment At 2.6 Vs 2.3 In Feb (Dow Jones)
German market research group GfK's forward−looking consumer climate index rose to 2.6 points for March, defying expectations of a decline, Reuters news agency said Thursday. A Dow Jones Newswires survey of 12 analysts expected the index to fall to 2.0 points.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 26 | 08:55 | DE | Unemployment Rate s.a. (Feb) | 7.9% | 7.9% | 7.8% |
| 09:00 | EMU | M3 (YoY) (Jan) | 5.9% | 7.4% | 7.3% | |
| 10:00 | EMU | Consumer Confidence (Feb) | -33 | -31 | -31 | |
| 10:00 | EMU | Economic Confidence (Feb) | 65.4 | 69.2 | 68.9 | |
| 10:00 | EMU | Industrial Confidence (Feb) | -36 | -33 | -34 | |
| 10:30 | UK | BoE's Governor King Speech | ||||
| 13:30 | US | Continuing Jobless Claims (Feb 14) | 5013K | 4987K | ||
| 13:30 | US | Durable Goods Orders (Jan) | -2.3% | -2.6% | ||
| 13:30 | US | Durable Goods Orders ex Transportation (Jan) | -2.0% | -3.6% | ||
| 13:30 | US | Initial Jobless Claims (Feb 21) | 625K | 627K | ||