Friday, Aug 29, 07:30 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: Advanced Methods for Finding Dominant Trends: Understanding Oil and FX Markets by Mark Whistler
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Forex Blogs
Recommended Readings
The Disciplined Trader: Does it fell like everybody is waiting for something to happen? by Pierre Charlebois
Ever notice that. That there sometimes seems to be a tension that builds in a room. And then... all hell breaks loose. This is the feeling I'm getting right now about the FX Market. Do you fell this as well?
The Trader's Edge: The Business Plan of the GBP/JPY by Ross Yamashita
Chartology: Fibonacci−based moving averages: Examples on the daily charts by Raghee Horner
Live Sessions Schedule
The Forex Basic Training Program − Chapter VI
Expert: Wayne McDonell
Start: Fri, Aug 29, 08:00 GMT
Type of Session: Webinar
Advanced APF Methods To Determine The Price Momentum
Expert: Sunil Mangwani
Start: Fri, Aug 29, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 29, 08:00 GMT | The Forex Basic Training Program − Chapter VI | Wayne McDonell | WBN |  |
| Fri, Aug 29, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN | |
| Mon, Sep 1, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Sep 1, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: Europe
USD/JPY
Daily Market Commentary − The dollar made little progress versus most of the majors by Global Forex Trading
Dollar/yen consolidated in an inside range on Thursday and closed virtually unchanged. Again. Unless the 110.00 area gives way, the pair will retest the 108.65 area. My model remains (barely) short. Immediate resistance is still in place at 110.00. Strong resistance follows at 110.35 from a 50−point pivot, which targets 109.85 and 110.85. Distant resistance is 111.60 from another 50−point pivot, which targets 112.10 and 111.10. Strong support remains at 109.15 from a 50−point pivot, which targets 109.65 and 108.65.
- 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:
Forex Analysis on Majors − market forecast by Forex Ltd
Bank's Report
Daily Forex Commentary − Inflation & Personal ConsumptionCommentary by Jyske Bank
Analysis Report
Currency Majors Technical Analysis by Mataf.net
Currency Performance Report
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.4729
08/29/2008 06:50 GMT - GBP/USD
- Trades below pivot level 1.8310
08/29/2008 06:50 GMT - USD/CHF
- Trades below pivot level 1.0959
08/29/2008 06:51 GMT - USD/JPY
- Moves down towards first support level 108.95
08/29/2008 06:51 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 29 | 09:00 | Consumer Price Index (YoY) | 4% | 4% |
2nd UPDATE: Euro−Zone Aug CPI Likely To Be Below Forecasts (Dow Jones)
Slower−than−expected rates of consumer price inflation in Germany, Spain and Belgium have added to expectations that euro−zone inflation in August will be lower than market forecasts.
[ Full Story ]Top Market Movers Review
Japan HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 29 | 05:00 | Construction Orders (YoY) | 42.3% | - | -11.7% |
| Aug 29 | 05:00 | Housing Starts (YoY) | 19.0% | 14.9% | -16.7% |
| Aug 29 | 05:00 | Annualized Housing Starts | 1.144M | 1.099M | 1.130M |
Japan housing starts rise 19.0 pct in July, first rise in 13 months (Thomson Financial News)
Housing starts in Japan rose for the first time in 13 months in July as the impact of the introduction last year of tighter building rules finally faded, government data showed on Friday. The Ministry of Land, Infrastructure and Transport said that housing starts rose 19.0 percent to 97,212 units last month.
[ Full Story ]- Read the Construction Statistics report at Japan Ministry of Land, Infrastructure, Transport and Tourism
- Japan's orders received by 50 largest contractors up 42.3 pct in July (Thomson Financial News)
- Japan July Construction Orders Table Of Data (Dow Jones)
- Japan July Housing Starts Table Of Data (Dow Jones)
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 28 | 23:50 | Industrial Production (YoY) | 2.0% | 0.6% | 0.0% |
| Aug 28 | 23:50 | Industrial Production (MoM) | 0.9% | -0.5% | -2.2% |
Japan Jul Indus Output +0.9% On Mo; Mkt Expected −0.2% (Dow Jones)
Japanese industrial output rose 0.9% on month in July, marking the first rise in two months, the government said Friday. Economists surveyed by Dow Jones Newswires and Nikkei estimated on average that industrial production had slipped 0.2% on month in July.
[ Full Story ]- Read the Industrial Production report at Japan Ministry of Economy, Trade and Industry
- Japan's industrial output rises better−than−forecast 0.9 percent in July (Thomson Financial News)
Japan NATIONAL CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 28 | 23:30 | Tokyo CPI ex Food, Energy (YoY) | 0.2% | 0.3% | 0.3% |
| Aug 28 | 23:30 | National Consumer Price Index (YoY) | 2.3% | 2.2% | 2.0% |
| Aug 28 | 23:30 | Tokyo Consumer Price Index (YoY) | 1.3% | 1.7% | 1.6% |
| Aug 28 | 23:30 | National CPI Ex−Fresh Food (YoY) | 2.4% | 2.3% | 1.9% |
| Aug 28 | 23:30 | Tokyo CPI ex Fresh Food (YoY) | 1.5% | 1.7% | 1.6% |
| Aug 28 | 23:30 | National CPI Ex Food, Energy (YoY) | 0.2% | 0.1% | 0.1% |
Japan Jul Core CPI +2.4% On Year; Mkt Expected +2.3% (Dow Jones)
Japan's core consumer price index posted its biggest increase in more than a decade in July, gaining 2.4% from a year earlier, the Ministry of Internal Affairs and Communications said Friday. The reading beat the 2.3% jump forecast by economists polled by Dow Jones Newswires and Nikkei. It was the fastest rise since a 2.4% increase in October 1997.
[ Full Story ]- Read the Consumer Price Index report at Japan Statistics Bureau
- Japanese data shows continued downside risks but signals only mild recession (Thomson Financial News)
- Japan's Yosano says worried about rising prices (Thomson Financial News)
- Japan inflation near 11−year high in July as gasoline prices surge (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 29 | 01:30 | AU | Private Sector Credit (YoY) (Jul) | 11.2 | 11.1 | 11.7 |
| 05:00 | JP | Annualized Housing Starts (Jul) | 1.144M | 1.099M | 1.130M | |
| 05:00 | JP | Construction Orders (YoY) (Jul) | 42.3% | -11.7% | ||
| 05:00 | JP | Housing Starts (YoY) (Jul) | 19.0% | 14.9% | -16.7% | |
| 09:00 | EMU | Consumer Confidence (Aug) | -20 | -20 | ||
| 09:00 | EMU | Consumer Price Index (YoY) (Aug) | 4% | 4% | ||
| 09:00 | EMU | Economic Confidence (Aug) | 89.1 | 89.5 | ||
| 09:00 | EMU | Unemployment Rate (Jul) | 7.3% | 7.3% | ||
| 09:30 | CH | KOF Leading Indicator (Aug) | 0.9 | |||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Jul) | 0.3% | 0.3% | ||