Monday, Aug 11, 08:48 GMT
EUROPEAN Trading Newsletter
Forex Blogs
Recommended Readings
The Disciplined Trader: Do you believe what you see?…Or does you mind play tricks on you? by Pierre Charlebois
Looking at some of the charts these last few days I hear a voice in my head saying: That can't keep going deeper? This move has to be over now… For sure this will start correcting next session!
FX Path: Massive Breaks on the Majors by James Chen
FX Market Readings: Massive moves by Dr. S. Sivaraman
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Aug 11, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 11, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 11, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Aug 11, 12:00 GMT | Trading with one indicator: The ICHIMOKU explained  | Valeria Bednarik | WBN |  |
| Mon, Aug 11, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Aug 11, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe
USD/JPY
Daily Market Commentary − The dollar exploded higher very early on Friday by Global Forex Trading
Dollar/yen surged to an eight−month high on Friday and my model remains long. The pair slipped in early trading but the Gann pivot at 110.35 still rules and this will give you direction this week as well. Strong support is now pegged at 109.15 from a 50−point pivot, which targets 109.65 and 108.65. Strong support follows at 107.95 from a 50−point pivot, which targets 107.45 and 108.45.
- 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 Recommended Trades − Daily technical outlook − Monday 08.11.2008 by E−Forex
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Forex Analysts' Blog
Forex Video | Set ups 11 Aug '08 | Analysis by Phil Newton, Developer of Trading Strategies at TradingStrategies.info
Currencies at a Glance
- EUR/USD
- Moves upwards 1.5000. MAs are still declining gradually.
08/11/2008 08:26 GMT - GBP/USD
- Moves upwards the 1.9220 region. MAs are moving in a mixed direction
08/11/2008 08:34 GMT - USD/CHF
- Moves down below opening price level 1.0852 , above pivot level 1.0750
08/11/2008 08:39 GMT - USD/JPY
- Moves down 109.70 level. Immediate support is seen at 109.50 .
08/11/2008 08:42 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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
Canada NEW HOUSING PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 11 | 12:30 | New Housing Price Index (YoY) | - | 4.1% |
| Aug 11 | 12:15 | Housing Starts s.a (YoY) | 210.0K | 217.8K |
Long Term Forex Analysis - USDCAD broke above 1.0378 long term resistance by ForexCycle.com
USDCAD broke above 1.0378 (Jan 22 high) long term resistance and reached to 1.0451 level. Further rise towards 1.0750 level is still possible in next several days.
[ Full Story ]Top Market Movers Review
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 11 | 08:30 | Producer Price Index − Output (MoM) n.s.a | 0.4% | 0.5% | 0.9% |
| Aug 11 | 08:30 | Producer Price Index − Output (YoY) n.s.a | 10.2% | 10.3% | 10.0% |
| Aug 11 | 08:30 | Producer Price Index − Input (YoY) n.s.a | 30.1% | 29.8% | 30.0% |
| Aug 11 | 08:30 | Producer Price Index − Input (MoM) s.a | -0.6% | 1.0% | 2.1% |
Weekly Focus - Focus shifting back to growth by Danske Bank A/S
If BoE Governor Mervyn King had not already gone grey, the recent uncomfortably high inflation figures and worrying growth outlook would have done the trick. CPI inflation is expected to rise to 5%, and a flurry of gloomy economic data in recent months has highlighted that the UK economy is weakening on all fronts
[ Full Story ]- UK Jul PPI − Output n.s.a rises 0.4%; 10.2% on year (FXstreet.com)
- UK PPI − Input s.a fell −0.6% in Jul; increased 30.1% YoY (FXstreet.com)
Friday Notes - US economy on federal life support by HVB Group
The Trading Week - The Trading Week: Aug. 10 − Aug. 15 by AllThingsForex
Australia RBA MONETARY POLICY STATEMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 11 | 01:30 | RBA Monetary Policy Statement | - | - | - |
Australia's cenbank sees scope for lower interest rates (Thomson Financial News)
Australia's central bank on Monday said the economy looked to be slowing enough to significantly reduce inflation over time, providing growing scope to ease interest rates from 12−year highs. The Reserve Bank of Australia (RBA) gave little guidance on when it might cut rates but did warn that the deteriorating outlook for the world economy, made worse by the global credit squeeze, could be a serious risk to the economy at home.
[ Full Story ]- Read the Monetary Policy Statement at Reserve Bank of Australia
- INSTANT VIEW−Australia cenbank sees room for lower rates (Thomson Financial News)
- Aussie dollar choppy after central bank statement (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 11 | 08:30 | UK | Goods Trade Balance (Jun) | £-7.7B | -£7.4B | -£7.4B |
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Jul) | 30.1% | 29.8% | 30.0% | |
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Jul) | 0.4% | 0.5% | 0.9% | |
| 08:30 | UK | Total Trade Balance (Jun) | -4.4B | -4.2B | -4.1B |
|
| 12:15 | CA | Housing Starts s.a (YoY) (Jul) | 210.0K | 217.8K | ||
| 12:30 | CA | New Housing Price Index (YoY) (Jun) | 4.1% | |||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Jul) | 0.4% | |||
| 23:01 | UK | RICS House Price Balance (Jul) | -90% | -88% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Jul) | 0.8% | 0.8% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Jul) | 2.7% | 5.6% | ||