Friday, Aug 22, 07:34 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
Recommended Readings
Chartology: Capitalizing on a Stopped Out Swing Trade by Raghee Horner
I'm posting this partly for a comment left in the previous post ("Trade Management on the EUR/JPY 240"). While I am going to walk through them step by step, keep in mind that these are two separate trades.
FX Market Readings: Week end Expected moves... by Dr. S. Sivaraman
FX Path: USD/JPY Update by James Chen
Live Sessions Schedule
Advanced APF Methods To Determine The Price Momentum
Expert: Sunil Mangwani
Start: Fri, Aug 22, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 22, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN | |
| Mon, Aug 25, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Aug 25, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Aug 25, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN |  |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar fell sharply on Thursday amid weak US data by Global Forex Trading
Euro/dollar rallied to a one−week high and my model reversed its short position since July 22. The immediate risk is higher. Above 1.4905, good resistance now comes at 1.4963 from a Fibonacci retracement level. This is followed by 1.5050. Initial support is now seen at 1.4830. Below 1.4785, further supports are seen at 1.4673 and 1.4600.
- 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 Technical Report − Dollar Soft, Focus on Bernanke by ActionForex.com
Bank's Report
Daily Forex Commentary − EURJPY is balancing on the edge by Jyske Bank
Strategy Report
Daily Recommended Trades − Daily technical outlook − Friday 08.22.2008 by E−Forex
Currency Performance Report
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.4844
08/22/2008 06:50 GMT - GBP/USD
- Trades above pivot level 1.8725
08/22/2008 06:51 GMT - USD/CHF
- Trades below pivot level 1.0900
08/22/2008 06:51 GMT - USD/JPY
- Moves up above pivot level 108.81
08/22/2008 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
EMU CURRENT ACCOUNT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Aug 22 | 08:00 | Current Account n.s.a | - | -21.4B |
| Aug 22 | 08:00 | Current Account s.a | - | -7.3B |
EMU economic indicators - The EMU trade balance and current account are likely to have recovered by BHF−Bank
Following their usual seasonal pattern, the EMU trade balance and current account are likely to have recovered in June from their setbacks the previous month, in the same way as the corresponding German figures.
[ Full Story ]Top Market Movers Review
Japan BOJ MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 21 | 23:50 | BoJ Minutes | - | - | - |
BOJ Minutes: Some: Overseas Slowdown Starting To Hurt Exports (Dow Jones)
Some Bank of Japan board members warned that slowing overseas growth was starting to hurt the nation's exports, minutes of the board's July 14−15 meeting showed Friday. "Due attention should be paid to the degree of the deceleration" in overseas growth, these members warned, the summary of meeting discussions said.
[ Full Story ]- Read the Minutes of the Monetary Policy Meetings at Bank of Japan
- Japan's Yosano: Will map out econ package next week (Thomson Financial News)
- UPDATE: BOJ Minutes: Overseas Slowdown Hurting Exports (Dow Jones)
- Bank of Japan warns of further rise in global inflation − July minutes (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 21 | 12:30 | US | Initial Jobless Claims (Aug 16) | 432K | 450K | 445K |
| 14:00 | US | Leading Indicators (MoM) (Jul) | -0.7% | -0.2% | -0.1% | |
| 14:00 | US | Philadelphia Fed Manufacturing Survey (Aug) | -12.7 | -14.5 | -16.3 | |
| 23:50 | JP | BoJ Minutes | ||||
| Aug 22 | 08:00 | EMU | Current Account n.s.a (Jul) | -21.4B | ||
| 08:00 | EMU | Current Account s.a (Jul) | -7.3B | |||
| 08:30 | UK | Gross Domestic Product (QoQ) (2Q) | 0.1% | 0.2% | ||
| 08:30 | UK | Gross Domestic Product (YoY) (2Q) | 1.5% | 1.6% | ||
| 09:00 | EMU | Industrial New Orders (YoY) (Jun) | -6.1% | -4.4% | ||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Jun) | -1.1% | -3.5% | ||