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Start: Thu, Aug 16, 11:00 GMT
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| Thu, Aug 16, 08:00 GMT | London Open: Live Market Analysis with FX Bootcamp − Free Access Day | Wayne McDonell | WBN |  |
| Thu, Aug 16, 10:00 GMT | Tracking the forex market together / Part I − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Aug 16, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Sunil Mangwani | WBN | |
| Thu, Aug 16, 13:00 GMT | Tracking the forex market together / Part II: Review − Free Access Day | Dr.S.Sivaraman | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
The Euro continued to fall vs the US dollar and reached 1.3385 during today's Asian session. Support is now set at 1.3385 backed by 1.3340 and 1.3305. Resistance is seen at 1.3435, 1.3475 and 1.3500. Daily sentiment is bearish and the Euro needs to rally quite a bit in order to signal a reversal. Hourly momentum is neutral.
- Raghee Horner explains how to set up the Wave on your charts
- The Signals Tracker: performance of signals providers
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Forecast on Forex Majors − Forecast on Forex Majors by FX−Strategy
US Trading Preview − The dollar and yen continue to benefit with heightened risk aversion driving markets by Forexnews.com
Currencies at a Glance
- EUR/USD
- Trades above first support level 1.3407
08/16/2007 07:24 GMT - GBP/USD
- Trades around first support level 1.9836
08/16/2007 07:24 GMT - USD/CHF
- Moves down back toward pivot level 1.2158
08/16/2007 07:24 GMT - USD/JPY
- Trades above second support level 115.87
08/16/2007 07:24 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP JPY, Hourly
USD CAD, Hourly
Top Market Movers Preview
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 16 | 09:00 | Consumer Price Index (YoY) | 1.8% | 1.9% |
| Aug 16 | 09:00 | Consumer Price Index (MoM) | -0.2% | 0.1% |
Friday Notes - Fear of a credit crunch intensifies by HVB Group
July was likely the eleventh month of below 2% inflation. The final outcome is a close call between the 1.8% of the flash estimate and 1.9%. Again, energy will be the main contributor to the tame figure. Although we are forecasting a robust 0.9% m−o−m increase, the y−o−y headline energy number won't rise since energy was even up 1.4% m−o−m in July 2006. Food inflation is expected to stay tame, whereas among components seasonality should be responsible for a jump in air fares. As such, core inflation is bound to stay at 1.9%, hinting at pipeline pressures.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 16 | 06:00 | Consumer Price Index (MoM) | 0.4% | 0.4% | 0.1% |
| Aug 16 | 06:00 | Consumer Price Index (YoY) | 1.9% | 1.9% | 1.8% |
German CPI picks up in July on holiday prices (FXstreet.com)
Inflation at consumer level picked up in Germany in July due to an increase on holiday accommodation prices, according to data by the Federal Statistics Office.
[ Full Story ]- German July final CPI up 0.4 pct vs June, up 1.9 pct yr−on−yr (Thomson Financial News)
- DATA SNAP: German Final July CPI Confirmed At +0.4% MM (Dow Jones)
US NET LONG−TERM TIC FLOWS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 15 | 13:00 | Net Long−term TIC Flows | $120.9B | $62.5B | $126.1B |
U.S. Net Long Term TIC Flows decrease in June (FXstreet.com)
Net buying of long−term securities has decreased to 120.9 billion in June from 126.0 billion on the previous month according to the monthly Treasury International Capital report, known as TIC.
[ Full Story ]- Read the Treasury International Capital (TIC) report at U.S. Department of the Treasury
- US June total net foreign capital inflow 58.8 bln usd (Thomson Financial News)
- US Jun Net Long−term TIC Flows down to $120.9B vs $126.1B in May (FXstreet.com)
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 15 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.2% | 0.2% |
| Aug 15 | 12:30 | Consumer Price Index (MoM) | 0.1% | 0.2% | 0.2% |
| Aug 15 | 12:30 | Consumer Price Index (YoY) | 2.4% | 2.4% | 2.7% |
| Aug 15 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.2% | 2.2% | 2.2% |
U.S.CPI moderates in July due to lower energy prices (FXstreet.com)
Consumer prices have moderated their growing pace in the United States in July due to a decrease on energy prices, although prices for clothing and medical care have posted notorious gains, according to the latest report by the Labor Department.
[ Full Story ]- Read the Consumer Price Index at Bureau of Labor Statistics
- Inflation slows in July, output gains (Thomson Financial News)
- US Consumer Price Index−STATS−Historical (Dow Jones)
- US July CPI up 0.1 pct, core CPI up 0.2 pct (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 15 | 17:00 | US | NAHB Housing Market Index (Aug) | 22 | 23 | 24 |
| Aug 16 | 06:00 | DE | Consumer Price Index (MoM) (Jul) | 0.4% | 0.4% | 0.1% |
| 06:00 | DE | Consumer Price Index (YoY) (Jul) | 1.9% | 1.9% | 1.8% | |
| 08:30 | UK | Retail Sales (MoM) (Jul) | 0.1% | 0.2% | ||
| 08:30 | UK | Retail Sales (YoY) (Jul) | 3.4% | 3.4% | ||
| 09:00 | EMU | Consumer Price Index (MoM) (Jul) | -0.2% | 0.1% | ||
| 09:00 | EMU | Consumer Price Index (YoY) (Jul) | 1.8% | 1.9% | ||
| 12:30 | US | Building Permits (MoM) (Jul) | 1.410M | 1.413M | ||
| 12:30 | US | Housing Starts (YoY) (Jul) | 1.400M | 1.467M | ||
| 12:30 | US | Initial Jobless Claims (Aug 11) | 312K | 316K | ||