Tuesday, Aug 25, 11:19 GMT
U.S. Trading Newsletter
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- WEBINAR VIDEOS: Looking for day-trades by Adam Rosen
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- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Drop to rise big by Pierre Charlebois
EURO and GBP have made the drop below low towards Japanese session close after brief firming up move.They are expected to swing and firm up during european session.After brief dip they are expected to rise during US session.
The Disciplined Trader: Psychology Piece - Some currency pairs are better to trade than others... Right? by Pierre Charlebois
The Day Job Trader: GBP/USD Prepares to Test Channel Boundaries by Ryan O'Keefe
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Aug 25, 14:00 GMT
Type of Session: Webinar
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Aug 25, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 25, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN |  |
| Tue, Aug 25, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
| Tue, Aug 25, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Aug 25, 19:00 GMT | Golden ratio and the square of 9: utilizing the synergy for zeroing on entries | Lea Peters | WBN | |
Current Session: Europe − U.S.
The Pound is hovering just above some important support lines against the dollar
Swiss e Trade AG − The Pound is hovering just above some important support lines against the dollar, right now around 1.6390. We don't expect the support line of 1.6300 to be broken today, but to be touched in later trading.
EUR/USD
The first target was at 1.4265; this produced a small ABC correction by FXstreet.com Independent Analyst Team
The first target was at 1.4265. This produced a small ABC correction. This move down may be wave 2 off a bigger wave sequence and if so we could see the push lower to 1.4170 area.
USD/CHF
Bollinger Bands are contracting which may result in a burst by Varengold Wertpapierhandelsbank AG
The USD/CHF has been trading in a zigzag movement since June 2009 and at the moment the Bollinger Bands are contracting which may result in a burst, as seen in the youngest history for several times.
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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Aug 25 | 14:00 | Consumer Confidence | 48.0 | 46.6 |
US economic indicators - Consumer confidence indicators (Aug): lack of optimism despite signs of stabilisation by BHF−Bank
The Conference Board's consumer confidence rebounded from its all−time low in April and May, but has fallen back since then, despite signs that the economy is stabilising: consumers are burdened with high debt levels, sharp wealth losses, rising unemployment and slow income growth. As the University of Michigan's (UMI) preliminary August consumer sentiment weakened from 66.0 to 63.2, we expect consumer confidence to have at best remained on its relatively low level of 46.6 in August.
[ Full Story ]Top Market Movers Review
UK BBA MORTGAGE APPROVALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 25 | 08:30 | BBA Mortgage Approvals | 38.18K | 37.90K | 35.56K |
UPDATE: UK July Net Mtge Lending Lowest Since Oct 2000 (Dow Jones)
[ Full Story ]- Read the Mortgage Approvals data at BBA
- 2nd UPDATE:UK Jul Bk Lending Weak;Lending To Cos At 3−Yr Low (Dow Jones)
- DATA SNAP: UK Jul Net Mtge Lending Lowest Since Oct 2000 (Dow Jones)
- UK Jul BBA Mortgage Approvals rise to 38.18K from 35.56K (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 25 | 06:00 | DE | Gross Domestic Product n.s.a (YoY) (2Q) | -7.1% | -7.1% | -6.4% |
| 06:00 | DE | Gross Domestic Product s.a (QoQ) (2Q) | 0.3% | 0.3% | -3.5% | |
| 06:00 | DE | Gross Domestic Product w.d.a (YoY) (2Q) | -5.9% | -5.9% | -6.7% | |
| 06:00 | CH | UBS Consumption Indicator | 0.77 | 0.95 |
||
| 07:15 | CH | Employment Level (QoQ) | 3.95M | 3.96M | 3.96M | |
| 08:30 | UK | BBA Mortgage Approvals (Jul) | 38.18K | 37.90K | 35.56K |
|
| 13:00 | US | S&P/Case−Shiller Home Price Indices (2Q) | -16.3% | -17.1% | ||
| 14:00 | US | Consumer Confidence (Aug) | 48.0 | 46.6 | ||
| 14:00 | US | Housing Price Index (MoM) (Jun) | 0.4% | 0.9% | ||
| 14:00 | US | Housing Price Index (YoY) (Jun) | -5.6% | |||