Friday, Aug 15, 15:32 GMT
ASIA-PACIFIC Trading Newsletter
Forex Blogs
Recommended Readings
FX Path: Wishing and Hoping by James Chen
Many forex traders often find themselves in the unenviable position of wishing, hoping (and sometimes praying) that a particular trade will go their way.
FX Market Readings: Can EURO and GBP bounce back? by Dr. S. Sivaraman
The Disciplined Trader: The No. 1 Rule in Trading − No one can Accurately Predict the Markets by Pierre Charlebois
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Aug 18, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Mid−Year Review
Expert: Adam Rosen
Start: Mon, Aug 18, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 18, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Aug 18, 13:00 GMT | Mid−Year Review | Adam Rosen | WBN |  |
| Mon, Aug 18, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Aug 18, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN | |
| Mon, Aug 18, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Dollar Firm on Solid Data, Sets to Close the Week Strongly by ActionForex.com
The greenback remains firmly supported by weakness in commodities as well as better than expectation economic data in early US session. Spot gold dives to as low as $772 level after taking out $800 psychological support. Crude oil continues to trade with a soft tone and press $112 level. Empire state manufacturing index surprised on the upside and turned positive for the first time sin Apr, rebounding to 2.8 in Aug. Indus trial produce also expand for the second consecutive months by 0.2% in Jul with capacity utilization unchanged at 79.9%. TIC capital flow showed $53.4b include in Jun, above expectation of 50.0b. U of Michigan consumer sentiment improved to 61.7 but was below expectation of 62.0.
- 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:
Chart of the Day − Chart of the Day − EUR/USD by FX Solutions
The Commodities Corner − Bottom−fishing on Gold & Silver by fxKnight.com
Currencies at a Glance
- EUR/USD
- Moves down below second support level 1.4678
08/15/2008 14:10 GMT - GBP/USD
- Moves down towards second support level 1.8532
08/15/2008 14:10 GMT - USD/CHF
- Trades below first resistant level 1.0992
08/15/2008 14:10 GMT - USD/JPY
- Moves down below second resistant level 110.55
08/15/2008 14:10 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 NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 18 | 17:00 | NAHB Housing Market Index | - | 16 |
Friday Notes - NAHB housing market index: Gloomy days for home builders by HVB Group
The home builders who contribute to this useful survey read the newspapers and are not impressed by headlines that proclaim the "worst is over" for housing. On the contrary, they see nothing but stagnant demand, excessive inventories of unsold houses, and growing difficulties in the whole housing finance sector.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 15 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 61.7 | 62.0 | 61.2 |
Reuters/Univ Michigan Mid−Aug Sentiment 61.7; Jul 61.2 (Dow Jones)
The month has gotten off to a slightly better start for U.S. consumers, with sentiment a little improved and inflation concerns easing, according to a report Friday.
[ Full Story ]- Read the Consumer Sentiment data at Reuters
- US August preliminary Reuters/U Michigan consumer sentiment rises to 61.7 UPDATE (Thomson Financial News)
- US August preliminary Reuters/ U Michigan consumer sentiment rises to 61.7 (Thomson Financial News)
Daily Analysis - Dollar heads for gains against the Euro before consumer sentiment data by Finotec Group Inc.
Trading News Report - Will Improved Consumer Confidence Add To Dollar Gains? by FXCM
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 15 | 13:15 | Capacity Utilization | 79.9% | 79.8% | 79.8% |
| Aug 15 | 13:15 | Industrial Production (MoM) | 0.2% | 0.0% | 0.4% |
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 ]- Forex − Dollar rally continues, helped by U.S. data, drop in gold (Thomson Financial News)
- US July industrial production up 0.2% vs no change expected (Thomson Financial News)
- US July Industrial Production +0.2%; Consensus Unchanged (Dow Jones)
US NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 15 | 12:30 | NY Empire State Manufacturing Index | 2.80 | -4.40 | -4.92 |
NY Fed Aug Manufacturing Survey Shows Small Gain To 2.77 (Dow Jones)
Manufacturing activity in the New York region improved marginally in August, according to the New York Federal Reserve's Empire State survey published Friday.
[ Full Story ]- Read the Manufacturing Index Survey at NY Fed
- US August Empire State manufacturing index rises to 2.8 vs −2.8 expected (Thomson Financial News)
- US − Empire State Mfg index increased in August against expectations (FXstreet.com)
- UPDATE: NY Fed Mfg Survey Shows Small Gain; Costs A Problem (Dow Jones)
Consumers Feeling A Little Blue This Year by Wachovia
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 15 | 00:00 | EMU | The Assumption Holiday | |||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Aug)  | 61.7 | 62.0 | 61.2 | |
| Aug 17 | 23:01 | UK | Rightmove House Price Index (MoM) (Aug) | -1.8% | ||
| 23:01 | UK | Rightmove House Price Index (YoY) (Aug) | -2% | |||
| Aug 18 | 07:15 | CH | Adjusted Real Retail Sales (YoY) (Jun) | 7.4% | ||
| 09:00 | EMU | Trade Balance n.s.a. (Jun) | -€4.6B | |||
| 09:00 | EMU | Trade Balance s.a. (Jun) | -€1.5B | |||