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Forex Blogs
The Advisor Weblog: Usd/Jpy reaches 94.80 by Valeria Bednarik
USD/JPY extend loses and print a fresh intraday low of 94.80 and holds under 95.00. Clearly bearish, 4 hours indicators are showing signs of exhaustion, thus sentiment could send the pair to retest the 94.50 area before some upside correction. If this last don't hold, next support lies at 94.20. Above 95.00, resistance will be at 95.25 area ahead of stronger 95.50/60 zone.
FXBootcamp: FOREX VIDEO - London Session Review - August 14, 2009 by Christian Stephens
FX Market Readings: Holding high could lead to further rise by Dr. S. Sivaraman
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Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Aug 17, 05:00 GMT
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Aug 17, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 17, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Aug 17, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Aug 17, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Aug 17, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Aug 17, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
Forex: GBP/USD: Pound drops from 1.6600, breaks below 1.6450
FXstreet.com −The Pound is dropping like a stone on early U.S. Session and, after rejection from 1.6600 resistance, the pair has broken support at 1.6550, on the back of the unexpected deterioration on U.S. consumer sentiment and Negative stock markets.
Below 1.6550, the Pound could find support at 1.6500 and 1.6430 (Aug 10 low). On the upside, resistance levels remain at 1.6600, and above here, 1.6660/65 (Aug 13 high) and 1.6700.
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EUR/USD
Forex: EUR/USD: Euro drops below 1.4250 day low on U.S. consumer sentiment deterioration by FXstreet.com
Euro failure to break above 1.4300 has triggered weakness on the pair which increased on the back of the unexpected deterioration of the Univ. Michigan Consumer sentiment Index, sending the Euro o an intra−day low below 1.4250.
USD/JPY
General sentiment remains clearly bearish in the pair by FXstreet.com Independent Analyst Team
Under today's low, 94.20 support will be key as break under it could resume midterm down trend for the pair. To the upside correction could extend to 95.00 and above to 95.20 20 SMA in the hourly.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Aug 17 | 09:00 | Trade Balance n.s.a. | - | €1.9B |
| Aug 17 | 09:00 | Trade Balance s.a. | - | €0.8B |
FX Trend Report - EUR/USD's symmetrical exhibition by Informa Global Markets
Valeria Bednarik, Chief Analyst at FXstreet.com states that "Next Monday, euro zone Trade Balance is expected to print a surplus of 1.4 Billion euros for the month of June compared to previous reading of 0.8 Billions; the data, released around 45 days after the month end, include a number of factors that work to diminish the market impact of Euro−zone Balance of Trade. And the fact that the report is not really timely, add to demise that impact. However, if the surplus comes around or above expectations, and due to general optimism regarding global economic recovery, expect Euro to gain some bullish momentum."
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 14 | 13:55 | Reuters/Michigan Consumer Sentiment Index | 63.2 | 68.6 | 66.0 |
Reuters/Univ Michigan Mid−Aug Sentiment 63.2; Jul 66.0 (Dow Jones)
Consumer confidence levels unexpectedly slipped in the middle of August. The Reuters/University of Michigan preliminary August consumer sentiment index, released Friday, moved to 63.2 from 66.0 in July and 70.8 in June.
[ Full Story ]- Read the Consumer Sentiment Index data at Reuters/Michigan
- Forex: EUR/USD: Euro drops below 1.4250 day low on U.S. consumer sentiment deterioration (FXstreet.com)
- US Aug Reuters/Michigan Consumer Sentiment slows to 63.2 from 66 (FXstreet.com)
Fundamental Currencies Comments - Markets Ahead of Michigan Confidence Survey by ecPulse.com
Forex Technical Report - U.S. Consumer Confidence to Set Tone Today by ForexHound.com
Fundamental Currencies Comments - Greenback consolidates ahead of important U.S. data by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 14 | 13:15 | US | Industrial Production (MoM) (Jul) | 0.5% | 0.2% | -0.4% |
| 13:55 | US | Reuters/Michigan Consumer Sentiment Index (Aug)  | 63.2 | 68.6 | 66.0 | |
| Aug 16 | 23:01 | UK | Rightmove House Price Index (MoM) (Aug) | 0.6% | ||
| 23:01 | UK | Rightmove House Price Index (YoY) (Aug) | -5.5% | |||
| 23:50 | JP | Gross Domestic Product (QoQ) (2Q) | -3.8% | |||
| 23:50 | JP | Gross Domestic Product Annualized (2Q) | -14.2% | |||
| Aug 17 | 07:15 | CH | Adjusted Real Retail Sales (YoY) (Jun) | -1.4% | ||
Educational Resources
The Death of the Buy−and−Hold Investor
The rout experienced by all the world's equity markets during 2008 will be etched in the memories of share traders and investors for many, many years. Kel Butcher reminds us that ‘only educated traders survive' in a bear market.
Read the whole article of our new Education Contributor YourForexEdge Magazine!
Other Strategies articles
More to trading than charts by Don Dawson
The Straight Answers to the Most Frequently Asked Questions by Sam Seiden
Plan, execute, and then go do something more important than trading by Sam Seiden