Wednesday, Aug 13, 14:59 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
Recommended Readings
1st on Forex: BOE Inflation Report Kicks Pound to the Curb by Jerry Furst
The Pound Sterling nose dived from 1.900 to 1.7500 in minutes as the BOE released a report that indicates lower interest rates may be coming soon.
FX Market Readings: Extended stop hunt in GBP for all to rise big by Dr. S. Sivaraman
FX Path: GBP/USD Update and Alert by James Chen
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Aug 13, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Tracking the forex market together / Part I − Free Access Day
Expert: Dr.S.Sivaraman
Start: Thu, Aug 14, 10:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 13, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Aug 13, 16:00 GMT | Forex Chart Patterns That Can Lead To Big Moves | Sam Seiden | WBN | |
| Wed, Aug 13, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Aug 14, 10:00 GMT | Tracking the forex market together / Part I − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Aug 14, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Sterling Dives on Dovish King by ActionForex.com
Cable dives through mentioned long term trend line support (now at 1.8937) today and reaches as low as 1.8736 so far. At this point, further decline is still expected as long as 1.9037 minor resistance holds. Sustained trading below the trend line now encourages deeper fall to next target of 100% projection of 2.1161 to 1.9337 from 2.0158 at 1.8360.
- Gbp/Usd and Usd/Jpy for today by Valeria Bednarik, Analyst at MolFX − Management
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Daily FX Report − EUR mostly unchanged against the USD by Varengold Wertpapierhandelsbank AG
Strategy Report
Daily Technical Strategist − EURUSD: EUR Tests The 1.4814 Low, Remains Below The 1.4967/51 Levels by FXTechstrategy
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Currencies at a Glance
- EUR/USD
- Moves down below pivot level 1.4901
08/13/2008 14:04 GMT - GBP/USD
- Drops below third support level 1.8733
08/13/2008 14:04 GMT - USD/CHF
- Moves up above first resistant level 1.0918
08/13/2008 14:04 GMT - USD/JPY
- Moves up back around first support level 108.90
08/13/2008 14:04 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Aug 14 | 06:00 | Gross Domestic Product n.s.a (YoY) | 3.1% | 1.8% |
| Aug 14 | 06:00 | Gross Domestic Product w.d.a (YoY) | 1.6% | 2.6% |
| Aug 14 | 06:00 | Gross Domestic Product s.a (QoQ) | -0.8% | 1.5% |
German Q2 GDP contracted 0.5−0.7 pct from Q1 − report (Thomson Financial News)
German GDP will probably have decreased by at least 0.7% quarter−on−quarter in Q2 2008, as output in the producing sector and retail sales dropped.
[ Full Story ]Top Market Movers Review
US BUSINESS INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 13 | 14:00 | Business Inventories | 0.7% | 0.5% | 0.3% |
DATA SNAP: US Inventories Rise In Line With Expectations (Dow Jones)
U.S. business inventories grew at a strong pace during June, elevated by high oil prices. Inventories increased by 0.7% to a seasonally adjusted $1.490 trillion, the Commerce Department said Wednesday.
[ Full Story ]- Read the Business Inventories data at Census Bureau
- US Business inventories rose more than expected in June (FXstreet.com)
- US Business Inventories rise 0.7% in June, more than expected (FXstreet.com)
- US June business inventories up 0.7 pct, sales up 1.7 pct (Thomson Financial News)
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 13 | 12:30 | Retail Sales ex Autos (MoM) | 0.4% | 0.5% | 0.8% |
| Aug 13 | 12:30 | Retail Sales (MoM) | -0.1% | 0.1% | 0.3% |
DATA SNAP: US Jul Retail Sales Above Expectations (Dow Jones)
U.S. retail sales declined in July for the first time in five months, but the dip was smaller than expected and was driven by sagging demand for motor vehicles. Retail sales decreased by 0.1%, the Commerce Department said Wednesday.
[ Full Story ]- Read the Retail Sales data at Census Bureau
- US Retail Sales, ex−autos, rose 0.4% in July (FXstreet.com)
- US July retail sales fall 0.1 pct, up 0.4 pct excluding autos (Thomson Financial News)
- US Jul Retail Sales ex Autos rise 0.4%, less than expected (FXstreet.com)
- Tatsuya Kawanishi, advisor at FXstreet.com: "Retail sales" is a significant indicator to observe U.S. consumer sentiment and the most important event of this week. The event would generate excessive volatility for the USD against the other majors. A better−than−expected result is considered as positive for the USD, while a less−than−expected result woudl drag down the USD." − FXstreet.com
Daily Forex Technical Report − Yen Crosses Dominate, Dollar Consolidates ahead of Retail Sales by ActionForex.com
Daily Market Briefing - US Dollar Rally Stalls on Dovish Fed Commentary, Ahead of Advance Retail Sales by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 13 | 14:00 | US | Business Inventories (Jun) | 0.7% | 0.5% | 0.3% |
| 14:35 | US | EIA Crude Oil Stocks change (Aug 9) | -0.4M | 1.7M | ||
| 23:50 | JP | Tertiary Industry Index (MoM) (Jun) | -0.3% | -0.2% | ||
| Aug 14 | 00:00 | NZ | Business NZ PMI (Jul) | 45.7 | ||
| 01:00 | AU | Consumer Inflation Expectation (Jul) | 5.9 | |||
| 01:30 | AU | Average Weekly Wages (YoY) | 4.7% | |||
| 04:00 | JP | Tokyo Condominium Sales (YoY) (Jul) | -30% | |||