Wednesday, Aug 27, 08:41 GMT
EUROPEAN Trading Newsletter
Forex Blogs
Recommended Readings
The Trader's Edge: EUR/USD Wave Count by Ross Yamashita
Here is a great set up in the EUR/USD in the hourly chart. We know from our study of Elliott Wave, Wave 3 of an Impulse must be an impulsive. If you look at the larger wave, you see that we started in early August and completed Wave 1 and 2 and am now headed down into Wave 3.
Chartology: USD/JPY Update: When is a swing not a swing anymore and another entry option by Raghee Horner
1st on Forex: Dollar Continues Gains − Technical's Good − Fundamentals Mixed by Jerry Furst
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Aug 27, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Aug 27, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 27, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Aug 27, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Aug 27, 13:00 GMT | Main Fundamental theme in the Currency | John Kicklighter | WBN |  |
| Wed, Aug 27, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
Current Session: Europe
GBP/USD
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
May respond negatively to trendline connecting 1.9930/1.8792, 31 July/21−22 Aug lower highs, which currently stands at 1.8544. Interim bouncing shy of a breakout implies fresh 2−year low at 1.8330 may not prevail for long. Downtrend from 2.0162, 15 July reaction high, should seize 1.8309/1.8264 support and then probe 1.8228, 19 July 06 low, but rebound above 1.8590 averts.
- 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:
Currency Majors Technical Analysis by Mataf.net
Bank's Report
Start the Day − US FDIC has 117 banks on its watch list by Mizuho Corporate Bank
Market View
Daily Market Outlook by AceTrader
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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 27 | 12:00 | Consumer Price Index (MoM) | -0.2% | 0.6% |
| Aug 27 | 12:00 | Consumer Price Index (YoY) | 3.2% | 3.3% |
FX Briefing - Inflation in Germany eases slightly by BHF−Bank
The August consumer price data are particularly interesting, as this was when the energy price decline started having an effect. In Germany, we are expecting prices to have fallen by 0.3 percentage points due to fuel and heating oil; the annual inflation rate could thus go down from 3.3 to 3.2%.
[ Full Story ]- Brandenburg Aug CPI down 0.3 pct from July, up 3.1 pct year−on−year (Thomson Financial News)
- Bavaria Aug CPI down 0.3 percent vs July, up 3.1 percent year−on−year (Thomson Financial News)
Top Market Movers Review
US FOMC MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 26 | 18:00 | FOMC Minutes | - | - | - |
FOMC minutes say members 'generally' see rate hike as next move, timing unclear (Thomson Financial News)
Federal Open Market Committee (FOMC) members all but shut the door on easing interest rates in the near future and instead suggest that the next policy move would be a rate hike, although the timing is uncertain, according to minutes from its most recent FOMC meeting.
[ Full Story ]- Read the Minutes of Meeting at FOMC
- FOMC minutes say members 'generally' see rate hike as next move UPDATE (Thomson Financial News)
- HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
Daily Forex Technical Report − EUR/USD Decline Resumes after Ifo Disappointment, US Housing and FOMC Minutes Next by ActionForex.com
Daily Forex Commentary - Minutes from the FOMC by Jyske Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 26 | 18:00 | US | FOMC Minutes | |||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Aug 24) | -50 | -50 | ||
| Aug 27 | 01:30 | AU | Construction Work Done (2Q) | -2.6% | 1.5% | 2.3% |
| 03:00 | NZ | Business Confidence | -20.5 | -43.2 | ||
| 11:00 | US | MBA Mortgage Applications (Aug 22) | -1.5% | |||
| 12:00 | DE | Consumer Price Index (MoM) (Aug)  | -0.2% | 0.6% | ||
| 12:00 | DE | Consumer Price Index (YoY) (Aug) | 3.2% | 3.3% | ||
| 12:30 | US | Durable Goods Orders (Jul) | 0.1% | 0.8% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Jul) | -0.5% | 2.0% | ||
| 14:35 | US | EIA Crude Oil Stocks change | 9.4M | |||