Thursday, Aug 21, 07:32 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
Recommended Readings
FX Market Readings: EURO and GBP are expected to swing and firm up by Dr. S. Sivaraman
As expected there was a wide range swing yesterday and finally EURO and GBP firmed up.Today they are expected to dip less and firm up more.Dips are buy opportunities.
FX Path: EUR/USD Alert by James Chen
Trade Setups: Forex Video − Set ups 20 Aug '08 − Trades by Phil Newton
Live Sessions Schedule
How Other Markets Guide Exchange Rates
Expert: Sam Seiden
Start: Thu, Aug 21, 14:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Aug 21, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 21, 10:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN |  |
| Thu, Aug 21, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Thu, Aug 21, 13:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Thu, Aug 21, 14:00 GMT | How Other Markets Guide Exchange Rates | Sam Seiden | WBN | |
Current Session: Europe
EUR/CHF
FXA Column − Eur/chf, an important top in place? by FXA
Eur/chf is down from the July 31st high at 1.6395, potentially completing an important top (end of the whole 3 wave correction from the March low at 1.5450 A−BC, see numbering on daily chart below), and suggesting further declines back to the 1.5450 low and below ahead. Note too that the 1.6395 high barely traded above the May high at 1.6375, before reversing sharply lower (bearish "failure").
- 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 − Thursday 08.21.2008 by E−Forex
Bank's Report
Start the Day − ECB's Wellink has lots of advice for banks including not to be over−reliant on central bank money by Mizuho Corporate Bank
Strategy Report
Daily Market Commentary − The dollar generally consolidated on Wednesday by Global Forex Trading
Currency Performance Report
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves up above first resistant level 1.4811
08/21/2008 06:42 GMT - GBP/USD
- Moves up above first resistant level 1.8688
08/21/2008 06:42 GMT - USD/CHF
- Moves down towards first support level 1.0909
08/21/2008 06:43 GMT - USD/JPY
- Drops below third support level 108.90
08/21/2008 06:43 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 PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Aug 21 | 08:00 | Purchasing Manager Index Manufacturing | 47.0 | 47.4 |
| Aug 21 | 08:00 | Purchasing Manager Index Services | 48.0 | 48.3 |
EMU economic indicators - RBS PMI manufacturing indices Germany and EMU (August): down, but less steeply than in July by BHF−Bank
In view of the above, the RBS purchasing managers' index for the German and the EMU manufacturing sector, and Belgian business confidence are all likely to have deteriorated in August, but to a lesser extent than in July.
[ Full Story ]Daily Forex Commentary - Eurozone PMIs by Jyske Bank
Top Market Movers Review
Australia NEW MOTOR VEHICLE SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 21 | 01:30 | New Motor Vehicle Sales (YoY) | -4.1% | - | 1.4% |
| Aug 21 | 01:30 | New Motor Vehicle Sales (MoM) | -3.4% | - | 1.0% |
Australia motor vehicle sales fall 3.4 pct in July (Thomson Financial News)
Sales of new motor vehicles in Australia fell 3.4 percent in July from the previous month on a seasonally adjusted basis, the Australian Bureau of Statistics said on Thursday. In July, 85,411 vehicles were sold, compared to 88,402 in June. Sales were 4.1 percent lower than the same month a year earlier, led by an 11.9 percent drop in sport utility vehicles. In trend terms, sales fell 0.7 percent on the previous month.
[ Full Story ]- Read the New Motor Vehicle Sales report at Australian Bureau of Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 21 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Jul) | -3.4% | 1.0% | |
| 06:15 | CH | Trade Balance (Jul) | 2.37B | 2.00B | 2.41B | |
| 07:30 | DE | Purchasing Manager Index Manufacturing (Aug)  | 49.9 | 50.5 | 50.9 | |
| 07:30 | DE | Purchasing Manager Index Services (Aug) | 50.6 | 50.1 | 53.1 | |
| 08:00 | EMU | Purchasing Manager Index Manufacturing (Aug) | 47.0 | 47.4 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Aug) | 48.0 | 48.3 | ||
| 08:30 | UK | Retail Sales (MoM) (Jul) | -0.3% | -3.9% | ||
| 08:30 | UK | Retail Sales (YoY) (Jul) | 1.8% | 2.2% | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Jul) | 0.2% | 0.1% | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Jul) | 1.6% | 1.5% | ||