| Weekly Latest Performance |
| Date |
GBP/USD |
| 21 Jul 2008 |
0 |
| 22 Jul 2008 |
38 |
| 23 Jul 2008 |
20 |
| 24 Jul 2008 |
-7 |
| 25 Jul 2008 |
0 |
| Total |
51 |
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| Latest Technical Analysis |
 iFOREX.bg EUR/USD Technical Analysis 24 July 2008 |
Term: Daily Trend:  |
| IForex.bg - 24, Jul 2008 06:28 GMT |
| The Euro continued descending yesterday against the US Dollar Tuesday Wednesday's top 1.5797 to the bottom 1.5671, which are the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support is expected at 1.5600, followed by 1.5535. In upward direction next resistance for today is expected at 1.5865, the break of which would lead to next target 1.5940. |
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| Latest Fundamental Analysis |
| U.S. economy is in recession |
Term: Daily Trend:  |
| World-Signals® - 01, Jul 2008 06:38 GMT |
| The crisis in the U.S. continues, as many investors do not see the bottom. The dollar stopped to lose
against the euro since April 2008. After that the trading remain in the levels of 1.5280 and 1.5850.
Since April is discussing whether the bottom is reached and when Fed will start to raise the interest
rates due too the high inflation cause by the record energy prices. After the crash of U.S. Housing sector
the crisis there spread over the rest economic sectors. We can say that the U.S. ... |
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| Economic Calendar |
| DATE |
GMT |
Country |
Event |
F* |
P* |
| 25 Jul 2008 |
08:30 |
UK |
GDP (YoY) |
1.60% |
2.30% |
| --- |
| 25 Jul 2008 |
12:30 |
US |
Durable Goods Orders |
-0.40% |
0.00% |
 This is a government index released monthly by the Census Bureau of the Department of Commerce at 08.30 EST, usually around the 26th of the month. The data relates to activity for the previous month. The index measures the quantity of new orders placed with US manufacturers for delivery of durable factory goods, such as machinery, vehicles and electrical appliances. Durable goods are defined as being items that have a normal life expectancy of three years or more. A rising level of the index indicates an increasing demand for US manufactured durable goods, which implies a likely increase in production and employment. A falling index suggests the converse This figure is important, as it gives an insight into a significant component of the economy: namely, the manufacturing sector. The data also provides hints about business investment: if there is a greater demand for expensive pieces of equipment such as industrial machinery and computers, for example, it indicates a commitment to spen |
| 25 Jul 2008 |
14:00 |
US |
New Home Sales |
507K |
512K |
 This figure measures numbers of recently built residential housing with a committed sale for the month. This ostensibly narrow set of data has a ripple effect throughout the economy: as well as providing a direct guide to housing market trends and to how well companies in the building sector are likely to be doing, the construction of a new home generates more building jobs (the creation of jobs always implies an increase in household spending power and therefore is generally considered beneficial for the economy), revenues for the construction company and estate agent. One would also expect the new home buyer to be making a number of consumer purchases of furniture and household appliances (in other words, each new home sale leads to an associated increase in household spending). To conclude, the new home sales figure directly influences stock, bond and commodity prices, by virtue of the wide-ranging boost to the economy that new homes generate. |
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