Tuesday, Aug 12, 07:50 GMT
EUROPEAN Trading Newsletter
Forex Blogs
Recommended Readings
1st on Forex: No News Is Good News For Euro by Jerry Furst
The Euro continued to give up ground on Monday against the US Dollar as did the Sterling, Swiss, and Aussie. The Yen, and Canadian Stayed stable.
Forexology: Harmonics and fundamentals by Sunil Mangwani
FX Path: 7 Big Figures in 7 Days by James Chen
Live Sessions Schedule
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Aug 12, 12:30 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Aug 12, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 12, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Aug 12, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Aug 12, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN | |
| Tue, Aug 12, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − Daily technical outlook − Tuesday 08.12.2008 by E−Forex
The Euro continues its decline as the US dollar rallies across the board. Important support at 1.5 and 1.4920 has been passed by, not being able to limit the downside. Next support levels formed at 1.4820 and 1.4695/00 are pressured as the decline may continue, aiming towards the 1.4470 region within the next days.
- 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:
Forex Analysis on Majors − euro is still under pressure by Forex Ltd
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves down below first support level 1.4832
08/12/2008 06:55 GMT - GBP/USD
- Moves down below first support level 1.9032
08/12/2008 06:55 GMT - USD/CHF
- Moves up above first resistant level 1.0913
08/12/2008 06:56 GMT - USD/JPY
- Trades above pivot level 110.00
08/12/2008 06:56 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
UK CORE CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 12 | 08:30 | Consumer Price Index (YoY) | 4.2% | 3.8% |
| Aug 12 | 08:30 | Core Consumer Price Index (YoY) | 1.7% | 1.6% |
Friday Notes - Inflation accelerates as food & energy costs rise by HVB Group
CPI should have declined by 0.4% m−o−m in July, bringing y−o−y headline inflation up to 4%. While the pace of monthly increases has moderated compared with previous months, we expect the food component to have added 0.1 pp to headline inflation.
[ Full Story ]Economics Weekly - Focus on BoE Inflation report and CPI inflation in UK & US by Lloyds TSB Financial Markets
Top Market Movers Review
Japan CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 12 | 05:30 | Consumer Confidence Households | 31.4 | 32.0 | 32.6 |
| Aug 12 | 05:00 | Consumer Confidence | 31.6 | - | 32.9 |
Japanese consumer confidence drops to new record low in July (Thomson Financial News)
Japanese consumer confidence fell to a fresh record low in July due to mounting worries about a weakening economy, employment and wage conditions, and rising consumer prices, according to government data released on Tuesday. The consumer confidence index slid to 31.4 in July, hitting its lowest level since the Cabinet Office started to compile the data in comparative form in June 1982, and down from 32.6 in June.
[ Full Story ]- Read the Consumer Confidence data at Cabinet Office
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 12 | 04:30 | Industrial Production (YoY) | 0.0% | - | 1.1% |
| Aug 12 | 04:30 | Capacity Utilization | -1.7 | - | 2.2 |
| Aug 12 | 04:30 | Industrial Production (MoM) | -2.2% | - | 2.8% |
Japan's revised June industrial output down 2.2 pct, bigger than estimate (Thomson Financial News)
Japan's industrial output fell by a seasonally adjusted 2.2 percent in June from May, bigger than the initial reading of a 2.0 percent fall, the government said on Tuesday.
[ Full Story ]- Read the Industrial Production report at Japan Ministry of Economy, Trade and Industry
- Japan June Revised Industrial Output Table Of Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 12 | 04:30 | JP | Capacity Utilization (Jun) | -1.7 | 2.2 | |
| 04:30 | JP | Industrial Production (MoM) (Jul) | -2.2% | 2.8% | ||
| 05:00 | JP | Consumer Confidence (Jul) | 31.6 | 32.9 | ||
| 05:30 | JP | Consumer Confidence Households (Jul) | 31.4 | 32.0 | 32.6 | |
| 08:30 | UK | Consumer Price Index (MoM) (Jul) | -0.2% | 0.7% | ||
| 08:30 | UK | Consumer Price Index (YoY) (Jul) | 4.2% | 3.8% | ||
| 08:30 | UK | Core Consumer Price Index (YoY) (Jul) | 1.7% | 1.6% | ||
| 08:30 | UK | DCLG House Price Index (YoY) (Jun) | 1.5% | 3.7% | ||
| 08:30 | UK | Retail Price Index (MoM) (Jul) | -0.3% | 0.8% | ||
| 08:30 | UK | Retail Price Index (YoY) (Jul) | -4.9% | 4.6% | ||