Wednesday, Aug 26, 11:14 GMT
U.S. Trading Newsletter
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Forex Blogs
FX Market Readings: Stop hunts in gbp by Dr. S. Sivaraman
GBP is making prolonged lower level consolidation with downward stop hunts,cutting the initial low and then come again and go below to form another low and come again above initial low − the traders are nervously holding long positions and players are creating fear to buy when their stops are filled.
The Disciplined Trader: The trading day ahead - A look at the USD index by Pierre Charlebois
FX Path: EUR/USD - Traversing a Parallel Uptrend Channel by James Chen
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Live Sessions Schedule
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Aug 26, 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 | ||||
| Wed, Aug 26, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
| Wed, Aug 26, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
| Wed, Aug 26, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Wed, Aug 26, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
Current Session: Europe − U.S.
EUR/USD is back in ranging mode between 1.4350 and 1.4209
www.deltastock.com − EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50− and 200−Day SMA, currently projected at 1.4087 and 1.3463.
After yesterday's break above 1.4310, the pair is back in ranging mode between 1.4350 and 1.4209. Although the intraday bias is neutral, on the 2 and 4 h. charts a bullish set−up is being formed, targeting 1.4444.
Commodity Currencies
Forex: Commodity currencies' rallies, capped by FXstreet.com
AUD/USD rose from 0.8155 low on August 17, to 0.8430 high, which has been tested on the 24th and 25th of August, and, after failure to break it, the Aussie us dipping to intra−week low at 0.8325.
GBP/USD
Looking for a test of 1.67 by Avantage Financial GMBH
Dipped below 1.63 Monday, but expect 1.62 level to be good support and buy on dips above this level and looking for a test of 1.67. Resistance at 1.6593 and 1.67 today.
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 | |
| Aug 26 | 12:30 | Durable Goods Orders | 3.0% | -2.5% |
| Aug 26 | 12:30 | Durable Goods Orders ex Transportation | 1.0% | 1.1% |
US economic indicators - Durable goods orders (Jul): sharp improvement due to transportation by BHF−Bank
Durable goods orders plummeted by 2.5% mom in June, as aircraft and car orders went down sharply. But as a result of the "cash−for−clunkers" programme, car production rebounded by more than 17% mom in July, and we therefore expect orders to have increased markedly. Furthermore, aircraft orders appear to have doubled, according to industry figures; we thus forecast that durable goods orders will have risen by about 4% mom in July. But after two consecutive increases, durable goods orders ex transportation might have remained stable only.
[ Full Story ]Top Market Movers Review
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 26 | 08:00 | IFO − Expectations | 95.0 | 92.0 | 90.4 |
| Aug 26 | 08:00 | IFO − Business Climate | 90.5 | 89.0 | 87.4 |
Top Fundamental Stories - Germany IFO Survey's Reveal Rising Confidence Levels by ecPulse.com
[ Full Story ]- Read full Survey at the Ifo Institute
- UPDATE: German Aug Ifo Surges To Highest Level Since Sep '08 (Dow Jones)
- GLOBAL MARKETS: European Stocks Choppy; Ifo Positive (Dow Jones)
- CORRECT: DATA SNAP: German Aug Ifo Surges To 90.5 Vs 87.3 In Jul (Dow Jones)
European Market Update - IFO data shows German economy is on the mend, but officials remain cautious on sustainability by TradeTheNews.com
Top Fundamental Stories - Europe Ahead: IFO Survey boosts confidence in Germany by ecPulse.com
EMU economic indicators - German ifo business climate (August): up by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 26 | 00:30 | AU | Construction Work Done (2Q) | -0.1% | -3.0% | -2.2% |
| 06:00 | DE | Import Price Index (MoM) (Jul) | -0.9% | -0.9% | 0.4% | |
| 06:00 | DE | Import Price Index (YoY) (Jul) | -12.6% | -12.5% | -11.3% | |
| 08:00 | DE | IFO − Business Climate (Aug) | 90.5 | 89.0 | 87.4 |
|
| 08:00 | DE | IFO − Expectations (Aug) | 95.0 | 92.0 | 90.4 | |
| 11:00 | US | MBA Mortgage Applications (Aug 21) | 7.5% | 5.6% | ||
| 12:30 | US | Durable Goods Orders (Jul) | 3.0% | -2.5% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Jul) | 1.0% | 1.1% | ||
| 14:00 | US | New Home Sales (Jul) | 390K | 384K | ||
| 14:00 | US | New Home Sales (MoM) (Jul) | 1.6% | 11.0% | ||