Tuesday, Aug 19, 15:10 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
Recommended Readings
FX Path: Continued Consolidation by James Chen
The majors are continuing to move within a relatively tight, virtually directionless consolidation range as of Tuesday morning, New York session. This is where the violent moves of the past several weeks finally take a breather.
FX Market Readings: EURO and GBP are expected to make one more downward swing before mid week rise by Dr. S. Sivaraman
The Advisor Blog: News in the US by Valeria Bednarik
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Aug 20, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Aug 20, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 19, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN |  |
| Tue, Aug 19, 16:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders  | Markus Heitkoetter | WBN | |
| Tue, Aug 19, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Wed, Aug 20, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Aug 20, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
Current Session: U.S.
EUR/USD
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
Accelerated the month−long decline from 1.6040, all time high, to reach 1.4659 on 15 Aug, ahead of yesterday's recovery to 1.4768. Fresh weakness has emerged from there, already breaking 1.4659 to reach 1.4630 so far, just ahead of 1.4611/14, 18/20 Feb higher lows target, and raising fears of an eventual return toward 1.4440, 07 Feb low. Bounce for now seen limited by 1.4703/27
- 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 Technical Strategist − EURUSD: Consolidation To Recovery Shapes Up by FXTechstrategy
Currency Performance Report
Currency Performance Report − Europe Session Performance by FXstreet.com
Forex Analysts' Blog
Continued Consolidation by James Chen, Chief Technical Analyst, at FX Solutions
Currencies at a Glance
- EUR/USD
- Stays around opening price level 1.4694 , below pivot level 1.4710
08/19/2008 14:03 GMT - GBP/USD
- Continues to trade around first support level 1.8610
08/19/2008 14:03 GMT - USD/CHF
- Trades above pivot level 1.0963
08/19/2008 14:04 GMT - USD/JPY
- Trades around first support level 109.86
08/19/2008 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
UK M4 MONEY SUPPLY
| Date (GMT) | Event | Cons. | Previous | |
| Aug 20 | 08:30 | M4 Money Supply (YoY) | 10.7% | 11.4% |
| Aug 20 | 08:30 | M4 Money Supply (MoM) | 0.5% | 1.8% |
Forex Technical Report - GBPUSD Going for 1.8500 by ForexHound.com
Cable started once again to move lower, although we did expect it to stay around current level for a while longer if not even retrace. 1 hour chart displaying the last few days show the pair trading inside the 1.8800 and 1.85 making lower lows and forming a divergenge with the RSI 14(lower panel).
[ Full Story ]Top Market Movers Review
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 19 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 3.5% | 3.2% | 3.0% |
| Aug 19 | 12:30 | Producer Price Index (YoY) | 9.8% | 9.3% | 9.2% |
| Aug 19 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.7% | 0.2% | 0.2% |
| Aug 19 | 12:30 | Producer Price Index (MoM) | 1.2% | 0.5% | 1.8% |
DATA SNAP: US PPI At 27−Year High; Energy Prices Spreading (Dow Jones)
U.S. producer prices unexpectedly soared at their highest annual rate in 27 years last month as rising wholesale prices for energy spread to a variety of products including automobiles, prescription drugs and capital equipment.
[ Full Story ]- Read the PPI data at Labor Department
- US July PPI up 1.2%; core PPI up 0.7%, core posts largest rise since Nov 2006 (Thomson Financial News)
- Table Of US PPI Data From Labor Department (Dow Jones)
- US Producer Price Index (MoM) decreases to 1.2% in Jul from 1.8% (FXstreet.com)
Daily Market Report - Of particular interest this week look for PPI numbers for July and housing starts on Tuesday by Wachovia
The Week Ahead - We expect headline producer prices to increase 0.8% in July by BBVA Bancomer
Weekly Forex Market Commentary - Tuesday will see the more important data on the housing starts and the PPI reports for July by Global Forex Trading
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 19 | 12:30 | Building Permits (MoM) | 0.937M | 0.970M | 1.091M |
| Aug 19 | 12:30 | Housing Starts (YoY) | 0.965M | 0.960M | 1.066M |
DATA SNAP: US Jul Housing Starts Plunge As Expected (Dow Jones)
Home construction plummeted during July in an expected reversal of an odd, misleading surge that masked the condition of the ailing housing industry.
[ Full Story ]- Read the Housing Starts data at Census Bureau
- US July housing starts fall 11% to a 965,000 unit rate, lowest since March 1991 (Thomson Financial News)
- US Housing Starts down to 0,965M in July (FXstreet.com)
- US Housing Starts (YoY) down to 0.965M in Jul from 1.066M (FXstreet.com)
Mid−Day Forex Technical Report − Dollar Remains Firm after Strong Inflation and Weak Housing by ActionForex.com
Daily Forex Technical Report − Focus on German ZEW and US Housing by ActionForex.com
Weekly Forex Market Commentary - Tuesday will see the more important data on the housing starts and the PPI reports for July by Global Forex Trading
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 19 | 12:30 | US | Building Permits (MoM) (Jul) | 0.937M | 0.970M | 1.091M |
| 12:30 | US | Producer Price Index ex Food & Energy (MoM) (Jul) | 0.7% | 0.2% | 0.2% | |
| 23:50 | JP | All Industry Activity Index (MoM) (Jun) | -0.9% | 0.4% | ||
| Aug 20 | 00:30 | AU | Westpac Leading Index (MoM) (Jun) | 0% | ||
| 08:30 | UK | Bank of England Minutes | ||||
| 08:30 | UK | M4 Money Supply (MoM) (Jul) | 0.5% | 1.8% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Jul) | 10.7% | 11.4% | ||