Wednesday, Aug 19, 15:00 GMT
ASIA-PACIFIC Trading Newsletter
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- WEBINAR VIDEOS: Trading Break Out's And Other Market Views with Phil Newton
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- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: GBP/USD − Near Bottom of Parallel Uptrend Channel by James Chen
GBP/USD Daily ChartPrice action on GBP/USD, a 4−hour chart of which is shown, has descended to approach the bottom of a parallel uptrend channel that has been in place since early June. Currently, this lower channel border resides around the 1.6300 price region.
The advisor Blog: EUR/JPY under yesterday’s low by Valeria Bednarik
FX Bootcamp: FOREX VIDEO - London Session Review - August 19, 2009 by Christian Stephens
Sponsored by 
Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Wed, Aug 19, 22:30 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Thu, Aug 20, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 19, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Aug 19, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Wed, Aug 19, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Thu, Aug 20, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Thu, Aug 20, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
Current Session: U.S.
EUR/USD: Euro breaks above 1.4131; testing day high at 1.4175
FXstreet.com −The Euro is picking up on early U.S session and, after having bounced at 1.4185, the pair has broken intra−day resistance at 1.4130 to reach a fresh day high at 1.4180 erasing losses from Asian and European sessions' decline.
Initial resistance lies at 1.4175 intra−day high, and above here, 1.4190 and 1.4210. On the downside, support levels lie at 1.4130, and below here, 1.4085 intra−day low and 1.4070 (Aug 18 low).
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GBP/USD
Upside correction should remain limited at 1.6440/50 area by FXstreet.com
Strong fall from Asian highs of 1.6690 to 1.6375 has left hourly indicators exhausted, and pointing for an upside correction; however, that movement should remain limited.
AUD/USD
Aussie has now risen slightly and is now trading above 0.8200 by Kshitij Consultancy Service
After falling and recording a low of 0.8189 during the day, Aussie has now risen slightly and is now trading above 0.8200.
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
UK RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 20 | 08:30 | Retail Sales (YoY) | 2.7% | 2.9% |
| Aug 20 | 08:30 | Retail Sales (MoM) | 0.4% | 1.2% |
Valeria Bednarik, Chief Analyst at FXstreet.com: "Despite IMF calling for a recovery around the world, macroeconomic data of the last two weeks have been arming the optimism about a recovery, sending investors back to safe havens. Retail Sales in the U.K., expected to rose only 0.3% compared to previous month 1.2%, will add to negative sentiment against Pound, unless reading come out much better than expected. A drop in retail sales will show a weak consumer demand, and readings under forecast number, could trigger a selloff in Gbp, mostly after this Wednesday BOE Minutes that show at least 3 of the 9 members would have like to extend QE to 75Bl instead of the final 50Bl."
Top Market Movers Review
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 19 | 11:00 | Bank of Canada Consumer Price Index Core (YoY) | 1.8% | 1.9% | 1.9% |
| Aug 19 | 11:00 | Consumer Price Index (YoY) | -0.9% | -0.8% | -0.3% |
| Aug 19 | 11:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.0% | 0.1% | 0.0% |
| Aug 19 | 11:00 | Consumer Price Index (MoM) | -0.3% | -0.2% | 0.3% |
Canadian CPI down 0.3% in Jul, −0.9% YoY (FXstreet.com)
[ Full Story ]- Read the CPI data at Statistics Canada
Currency Trading Majors Pairs - Forex Analysis − USD to CAD by Master The Markets
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 19 | 12:30 | CA | Leading Indicators (MoM) (Jul) | 0.4% | 0.2% | -0.1% |
| 14:30 | US | EIA Crude Oil Stocks change | -8.4M | 1.1M | 2.5M | |
| Aug 20 | 01:30 | AU | RBA Foreign Exchange Transaction (Jul) | 1943M | ||
| 06:15 | CH | Trade Balance (Jul) | 1.79B | 1.57B | ||
| 08:30 | UK | M4 Money Supply (MoM) (Jul)  | 0.2% | -0.2% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Jul) | 13.3% | 13.8% | ||
| 08:30 | UK | Public Sector Net Borrowing (Jul) | £0.6B | £13.0B | ||
Educational Resources
Same Tools, Different Thoughts
This week, we will look at the following concept − if you bring herd mentality mindset to competing in the trading markets, you will likely hand your account over to those who think differently and think the markets properly. Read whole Sam Seiden's article!
Other articles of this week's Lessons from the Pros
Beware of the Ponzi Trap in Forex - Article by Steve Misic
The Statistical Recovery - Article by John Mauldin
Placing a Vertical Spread with TradeStation - Article by Online Trading Academy Team
Exit Strategies - Article by Don Dawson