Thursday, Aug 14, 15:40 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
Recommended Readings
Forexology: Harmonics on Gold by Sunil Mangwani
This is with reference to an earlier comment on the current situation on Gold. If we are looking at the weekly chart, is this a bullish Gartley pattern?
The Advisor Blog: USD update by Valeria Bednarik
FX Market Readings: Learning to trade using hedging ? by Dr. S. Sivaraman
Live Sessions Schedule
Power Trading in Globalization 3.0 − Free Access Day
Expert: John W. O'Donnell
Start: Thu, Aug 14, 16:00 GMT
Type of Session: Webinar
Live Look at Today's Markets − Free Access Day
Expert: Derek Frey
Start: Thu, Aug 14, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 14, 16:00 GMT | Power Trading in Globalization 3.0 − Free Access Day | John W. O'Donnell | WBN |  |
| Thu, Aug 14, 17:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
| Fri, Aug 15, 09:00 GMT | Forex Chart Patterns That Can Lead To Big Moves  | Sam Seiden | WBN | |
| Fri, Aug 15, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Aug 15, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
EUR/JPY
Mid−Day Forex Technical Report − Dollar Continues to Consolidate Despite Strong CPI Report by ActionForex.com
EUR/JPY continues to consolidate above 161.38 today. With 4 hours MACD staying above signal line, further sideway trading could be seen but consolidation should be relatively brief as long as 164.40 minor resistance holds. Below 161.38 will indicate recent decline has resumed for mentioned 158.60 cluster support (61.8% retracement of 151.71 to 169.96 at 158.68). Though, touching of 164.40 resistance will indicate that a short term bottom is in place and bring lengthier consolidation. But break of 166.87 support turned resistance is needed to indicated that fall from 169.96 has completed. Otherwise, further decline is still in favor after consolidation.
- 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:
Forex Technical Report − Bullish USDJPY by ForexHound.com
Strategy Report
Daily Technical Strategist − EURUSD: EUR Struggles To Shake Off Oversold Condition. by FXTechstrategy
Forex Analysts' Blog
Forex Video | Set ups 14 Aug '08 | Analysis by Phil Newton, Developer of Trading Strategies at TradingStrategies.info
Currencies at a Glance
- EUR/USD
- Moves down below pivot level 1.4913
08/14/2008 15:31 GMT - GBP/USD
- Continues to trade around opening price level 1.8703 , below pivot level 1.8791
08/14/2008 15:31 GMT - USD/CHF
- Moves up towards first resistant level 1.0907
08/14/2008 15:31 GMT - USD/JPY
- Stays around opening price level 109.50 , above pivot level 109.21
08/14/2008 15:31 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
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Aug 15 | 13:15 | Capacity Utilization | 79.8% | 79.9% |
| Aug 15 | 13:15 | Industrial Production (MoM) | 0.0% | 0.5% |
US economic indicators - Industrial production (July): slower than June by BHF−Bank
Industrial production rose by 0.5% mom in June, due to a rebound in car production in the aftermath of the strikes and warmer temperatures boosting utility output.
[ Full Story ]Top Market Movers Review
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 14 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.5% | 2.4% | 2.4% |
| Aug 14 | 12:30 | Consumer Price Index (MoM) | 0.8% | 0.4% | 1.1% |
| Aug 14 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.3% | 0.2% | 0.3% |
| Aug 14 | 12:30 | Consumer Price Index (YoY) | 5.6% | 5.2% | 5.0% |
DATA SNAP: High Headline US Inflation Spreads To Core Prices (Dow Jones)
U.S. inflation soared to a 17−year−high annual rate in July, a government report showed, led by gains in food, energy, airline fares and apparel.
[ Full Story ]- Read the CPI data at Department of Labor
- UPDATE: Dollar Rises, Shedding Losses From US CPI Data (Dow Jones)
- Dollar Declines As US CPI Data Spark Stagflation Worries (Dow Jones)
- US July CPI rises 0.8%; core CPI rise 0.3%, up 2.5% over past 12 months (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Continues to Consolidate Despite Strong CPI Report by ActionForex.com
Daily Forex Technical Report − Focus on Eurozone GDP and US CPI by ActionForex.com
Daily Market Briefing - Will Inflation Data Revive the Greenback? by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 14 | 12:30 | US | Consumer Price Index (MoM) (Jul) | 0.8% | 0.4% | 1.1% |
| 12:30 | US | Continuing Jobless Claims (Aug 2) | 3417K | 3311 | ||
| 22:45 | NZ | Retail Sales (MoM) (Jun) | -0.1% | |||
| 22:45 | NZ | Retail Sales ex Autos (MoM) (Jun) | 0.5% | |||
| Aug 15 | 12:30 | CA | Manufacturing Shipments (MoM) (Jun) | 1.0% | 2.7% | |
| 12:30 | CA | New Motor Vehicle Sales (MoM) (Jun) | 0.0% | 1.1% | ||
| 12:30 | US | NY Empire State Manufacturing Index (Aug) | -4.40 | -4.92 | ||