Thursday, Aug 14, 07:41 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
Recommended Readings
The Advisor Blog: Early start today by Valeria Bednarik
I believe we will have a very moved day, particularly regarding Euro and Gbp: these last days, both currencies fell across the board, and despite the over sold state that suggest a big correction (...)
FX Market Readings: EURO and GBP looking for a breakout... by Dr. S. Sivaraman
FX Path: EUR/USD Update by James Chen
Live Sessions Schedule
Tracking the forex market together / Part I − Free Access Day
Expert: Dr.S.Sivaraman
Start: Thu, Aug 14, 10:00 GMT
Type of Session: Webinar
FX Instructor Live Trading Room − Free Access Day
Expert: Mark De La Paz
Start: Thu, Aug 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 14, 10:00 GMT | Tracking the forex market together / Part I − Free Access Day | Dr.S.Sivaraman | WBN |  |
| Thu, Aug 14, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN | |
| Thu, Aug 14, 12:00 GMT | Trading with channels − Free Access Day | Valeria Bednarik | WBN | |
| Thu, Aug 14, 13:00 GMT | Tracking the forex market together / Part II − Free Access Day | Dr.S.Sivaraman | WBN | |
Current Session: Europe
EUR/USD
Daily Technical Analysis − UR: Possibly attempt small longs at 1.4855 by Mizuho Corporate Bank
Comment: Still looking ‘heavy' but clinging to Tuesday's low at 1.4815. Two consecutive ‘doji−type' candles suggest much instability at these levels. One−month at−the−money implied volatility could squeeze a lot higher than 10.50% if prices were to suddenly reverse some of the declines of the last two weeks. Wait and watch for a dramatic reversal this week.
Strategy: Possibly attempt small longs at 1.4855; stop well below 1.4800. Add to longs on a sustained break above 1.5000 for 1.5100 short term and then 1.5200.
- 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:
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
Strategy Report
Forex Trading Strategies − Bottom drops out of GBP after dovish BoE report by Saxo Bank
Currency Performance Report
Currency Performance Report: Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.4913
08/14/2008 06:43 GMT - GBP/USD
- Trades around opening price level 1.8703 , below pivot level 1.8791
08/14/2008 06:43 GMT - USD/CHF
- Trades around pivot level 1.0866
08/14/2008 06:45 GMT - USD/JPY
- Trades around opening price level 109.50 , above pivot level 109.21
08/14/2008 06:45 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
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 14 | 09:00 | Consumer Price Index (YoY) | 4.1% | 4.0% |
| Aug 14 | 09:00 | Consumer Price Index (MoM) | -0.1% | 0.4% |
| Aug 14 | 09:00 | Consumer Price Index − Core (YoY) | 1.8% | 1.8% |
EMU economic indicators - HICP inflation in the euro area (July):likely to be confirmed at 4.1% yoy by BHF−Bank
According to the national results available, final HICP inflation in the eurozone is likely to be confirmed at 4.1% in July, although there is a risk of an upward revision to 4.2%. The monthly inflation rate is expected to be –0.1%.
[ Full Story ]Top Market Movers Review
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 14 | 06:00 | Gross Domestic Product n.s.a (YoY) | 3.1% | 3.1% | 1.8% |
| Aug 14 | 06:00 | Gross Domestic Product w.d.a (YoY) | 1.7% | 1.6% | 2.6% |
| Aug 14 | 06:00 | Gross Domestic Product s.a (QoQ) | -0.5% | -0.8% | 1.3% |
DATA SNAP: 1Q German GDP Falls Adj 0.5% On Quarter (Dow Jones)
The German economy in the second quarter contracted for the first time in nearly four years, although less than expected, dragged down by weak private consumption, capital investment and considerably lower construction investment.
[ Full Story ]- Read the GDP data at German Statistics
- German Q2 preliminary GDP shrinks 0.5 pct vs Q1, consensus down 0.9 pct UPDATE (Thomson Financial News)
- UPDATE: German Jul HICP +0.7% MM, +3.5% YY, Revised Up (Dow Jones)
- CORRECT: 2Q German GDP Falls Adj 0.5% On Quarter, Not 1Q (Dow Jones)
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 14 | 06:00 | Consumer Price Index (MoM) | 0.6% | 0.6% | 0.3% |
| Aug 14 | 06:00 | Consumer Price Index (YoY) | 3.3% | 3.3% | 3.3% |
DATA SNAP: German Jul HICP +0.7% MM, +3.5% YY, Revised Up (Dow Jones)
Germany's July E.U. harmonized inflation rate was revised upward a percentage point to 0.7% on the month and 3.5% on the year, final data released by the federal statistics office Thursday showed.
[ Full Story ]- Read the CPI data at German Statistics
- UPDATE: German Jul HICP +0.7% MM, +3.5% YY, Revised Up (Dow Jones)
- Germany CPI MoM up to 0.6% ans stable at 3.3% YoY (FXstreet.com)
- German final July CPI up 0.6 pct vs June, up 3.3 pct year−on−year (Thomson Financial News)
Japan TERTIARY INDUSTRY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 13 | 23:50 | Tertiary Industry Index (MoM) | -0.8% | -0.3% | -0.2% |
Japan's tertiary index falls 0.8 percent in June (Thomson Financial News)
Japan's tertiary index, which measures spending in the services sector, fell 0.8 percent in June from May, the second straight monthly fall, hit by lower outlays in the wholesale/retail and transportation sectors, the Ministry of Economy, Trade and Industry said on Thursday. The June reading followed a 0.2 percent dip in May and a 1.9 percent increase in April.
[ Full Story ]- Read the Tertiary Industry Index report at Japan Ministry of Economy, Trade and Industry
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 14 | 06:00 | DE | Consumer Price Index (MoM) (Jul) | 0.6% | 0.6% | 0.3% |
| 06:00 | DE | Consumer Price Index (YoY) (Jul) | 3.3% | 3.3% | 3.3% | |
| 06:00 | DE | Gross Domestic Product n.s.a (YoY) (2Q)  | 3.1% | 3.1% | 1.8% | |
| 06:00 | DE | Gross Domestic Product s.a (QoQ) (2Q) | -0.5% | -0.8% | 1.3% | |
| 08:00 | EMU | ECB Monthly Report (Aug) | ||||
| 09:00 | EMU | Consumer Price Index − Core (YoY) (2Q) | 1.8% | 1.8% | ||
| 09:00 | EMU | Consumer Price Index (MoM) (Jul) | -0.1% | 0.4% | ||
| 09:00 | EMU | Consumer Price Index (YoY) (Jul) | 4.1% | 4.0% | ||
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (2Q) | -0.2% | 0.7% | ||
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (2Q) | 1.5% | 2.1% | ||