Friday, Aug 15, 08:08 GMT
EUROPEAN Trading Newsletter
Forex Blogs
Recommended Readings
1st on Forex: Dollar Defies Bad News − Consumer Sentiment Friday by Jerry Furst
Consumer Price Index and Jobless Claims came in with worse than expected numbers on Thursday, but the Euro and the other majors did not get the memo.
FX Market Readings: week end moves are expected to be wild... by Dr. S. Sivaraman
The Disciplined Trader: We have seen the Terminal thrust on the EURUSD today by Pierre Charlebois
Live Sessions Schedule
Forex Chart Patterns That Can Lead To Big Moves
Expert: Sam Seiden
Start: Fri, Aug 15, 09:00 GMT
Type of Session: Webinar
Advanced APF Methods To Determine The Price Momentum
Expert: Sunil Mangwani
Start: Fri, Aug 15, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 15, 09:00 GMT | Forex Chart Patterns That Can Lead To Big Moves  | Sam Seiden | WBN |  |
| Fri, Aug 15, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN | |
| Fri, Aug 15, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Fri, Aug 15, 12:00 GMT | Finding the True Trend in the 4x−Market | Adam Rosen | WBN | |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar was all over the place again on Wednesday by Global Forex Trading
The euro/dollar sank to a new low for the downtrend and reached the 73.6% Fibonacci retracement level of the move between February and July. The inability to make even a mild recovery adds even further confidence in the strong downtrend. My model remains short since July 22, so stay with it unless proven wrong. Initial support is at 1.4780 from the Fibonacci retracement level mentioned above. Below 1.4735, further support is at 1.4670 and 1.4595. Distant support remains at 1.4440.Immediate resistance is now seen at 1.4865. Above 1.4955, the next levels remain at 1.5000, 1.5065 and 1.5110. Distant resistance is at 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 Trader Closing Brief − Solid Up−Session Ahead of Options Expiration by The Technical Trader
Strategy Report
Daily Forex Commentary − A one−way street on the USD? by Jyske Bank
Currencies at a Glance
- EUR/USD
- Moves down below first support level 1.4752
08/15/2008 07:56 GMT - GBP/USD
- Moves down below first support level 1.8614
08/15/2008 07:56 GMT - USD/CHF
- Moves up above first resistant level 1.0992
08/15/2008 07:56 GMT - USD/JPY
- Moves up above first resistant level 110.14
08/15/2008 07:56 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
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Aug 15 | 13:15 | Capacity Utilization | 79.8% | 79.9% |
| Aug 15 | 13:15 | Industrial Production (MoM) | 0.0% | 0.5% |
US economic indicators - Industrial production (July): slower than June by BHF−Bank
Industrial production rose by 0.5% mom in June, due to a rebound in car production in the aftermath of the strikes and warmer temperatures boosting utility output.
[ Full Story ]Top Market Movers Review
New Zealand RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 14 | 22:45 | Retail Sales ex Autos (MoM) | 0.0% | - | 0.5% |
| Aug 14 | 22:45 | Retail Sales (MoM) | 0.9% | - | -0.1% |
UPDATE 1−NZ retail sales fall at record pace in Q2 (Thomson Financial News)
New Zealand retail sales fell at a record pace in the second quarter, led by lower car and grocery store sales, backing views the economy is in recession and interest rates will fall further. Sales volumes, which strip out price impacts, dropped a seasonally adjusted 1.5 percent in the June quarter after a 1.2 percent drop in the previous quarter, according to official data on Friday.
[ Full Story ]- Read the Retail Sales report at Statistics New Zealand
- NZ dollar steady after retail data, bonds flat (Thomson Financial News)
- UPDATE 2−NZ retail sales fall in Q2, fuel recession fears (Thomson Financial News)
- INSTANT VIEW−NZ Q2 retail sales fall, back rate cut view (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 14 | 22:45 | NZ | Retail Sales (MoM) (Jun) | 0.9% | -0.1% | |
| 22:45 | NZ | Retail Sales ex Autos (MoM) (Jun) | 0.0% | 0.5% | ||
| Aug 15 | 00:00 | EMU | The Assumption Holiday | |||
| 12:30 | CA | Manufacturing Shipments (MoM) (Jun) | 1.0% | 2.7% | ||
| 12:30 | CA | New Motor Vehicle Sales (MoM) (Jun) | 0.0% | 1.1% | ||
| 12:30 | US | NY Empire State Manufacturing Index (Aug) | -4.40 | -4.92 | ||
| 13:00 | US | Net Long−term TIC Flows (Jun) | $67B | |||
| 13:00 | US | Total Net TIC Flows (Jul) | -2.5B | |||
| 13:15 | US | Capacity Utilization (Jul) | 79.8% | 79.9% | ||
| 13:15 | US | Industrial Production (MoM) (Jul) | 0.0% | 0.5% | ||