Wednesday, Aug 20, 07:32 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: Power Trading in Globalization 3.0 by John W. O'Donnell
- International Traders Conference - Oct 29-31: Join us in Barcelona to directly learn from the best FX experts!
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
Recommended Readings
FX Market Readings: Mid week volatility... by Dr. S. Sivaraman
EURO and GBP are expected to make very volatile moves for a day − mid week ,that may appear directionless move. But the big players are into buy mode and they induced short covering of the emotional lower level short sellers.
1st on Forex: Poor PPI and Dismal Housing Start Data Provides Dollar Retracement by Jerry Furst
The Disciplined Trader: Trading as a Business − How to make money on the Markets by Pierre Charlebois
Live Sessions Schedule
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Aug 20, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Main Fundamental theme in the Currency market
Expert: Terri Belkas
Start: Wed, Aug 20, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 20, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Wed, Aug 20, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Aug 20, 13:00 GMT | Main Fundamental theme in the Currency market | Terri Belkas | WBN | |
| Wed, Aug 20, 14:00 GMT | Carry Trade Revisted  | Adam Rosen | WBN |  |
Current Session: Europe
AUD/USD
Daily Recommended Trades − Daily technical outlook − Wednesday 08.20.2008 by E−Forex
Resistance into the .8750 zone is back on focus and the short term bearish momentum is losing strength due to current consolidation into the .8605/20−.8750 range. A potential break of .8750 on the upside may signal the start of a correction which could extend towards resistance into the .9070 within the next days but that seem pretty high while two important barriers are intact at .8750 and .8800. Support is seen at .8700 backed by .8635. Intraday studies are neutral at the time of this writing. Current quote is .8719 @06:35 GMT
- 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 Forex Commentary − Rebound in EURUSD by Jyske Bank
Bank's Report
Today's Technical Trading Points by Danske Bank A/S
Currency Performance Report
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.4732
08/20/2008 06:51 GMT - GBP/USD
- Moves down below pivot level 1.8628
08/20/2008 06:52 GMT - USD/CHF
- Moves up above pivot level 1.0950
08/20/2008 06:52 GMT - USD/JPY
- Moves up towards first resistant level 110.17
08/20/2008 06:52 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 M4 MONEY SUPPLY
| Date (GMT) | Event | Cons. | Previous | |
| Aug 20 | 08:30 | M4 Money Supply (YoY) | 10.7% | 11.4% |
| Aug 20 | 08:30 | M4 Money Supply (MoM) | 0.5% | 1.8% |
Forex Technical Report - GBPUSD Going for 1.8500 by ForexHound.com
Cable started once again to move lower, although we did expect it to stay around current level for a while longer if not even retrace. 1 hour chart displaying the last few days show the pair trading inside the 1.8800 and 1.85 making lower lows and forming a divergenge with the RSI 14(lower panel).
[ Full Story ]Top Market Movers Review
Japan ALL INDUSTRY ACTIVITY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 19 | 23:50 | All Industry Activity Index (MoM) | -0.9% | -0.9% | 0.4% |
Japan's all−industries index falls 0.9 percent in June (Thomson Financial News)
Japan's all−industries index fell 0.9 percent in June from May, hit by sharp declines in industrial output and weaker spending in the services sector, the Ministry of Economy, Trade and Industry said on Wednesday. The index, which covers a broad range of economic activity including spending in the services sector, rose 0.4 percent in May from April.
[ Full Story ]- Read the All Industry Activity Index report at Japan Ministry of Economy, Trade and Industry
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 19 | 12:30 | US | Producer Price Index ex Food & Energy (YoY) (Jul) | 3.5% | 3.2% | 3.0% |
| 12:30 | CA | Wholesale Sales (MoM) (Jun) | 2.0% | 0.7% | 1.6% | |
| 23:50 | JP | All Industry Activity Index (MoM) (Jun) | -0.9% | -0.9% | 0.4% | |
| Aug 20 | 00:30 | AU | Westpac Leading Index (MoM) (Jun) | 0.1% | 0.0% | |
| 08:30 | UK | Bank of England Minutes | ||||
| 08:30 | UK | M4 Money Supply (MoM) (Jul) | 0.5% | 1.8% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Jul) | 10.7% | 11.4% | ||
| 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Aug) | -12 | -8 | ||
| 12:30 | CA | Leading Indicators (MoM) (Jul) | 0.1% | 0.0% | ||
| 12:30 | CA | Retail Sales (MoM) (Jun) | 0.5% | 0.4% | ||