Wednesday, Aug 12, 07:42 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
Chartology: USD/CAD Following the Uptrend by Raghee Horner
Playing trends when you have a pattern alert like the wedge or channel makes for pretty straight−forward decision levels. Basically I've got uptrend line support (blue) and downtrending line resistance (red) off which I can gauge corrections and breakouts.
FX Path: EUR/JPY - Potential Reversal on Uptrend Line Break by James Chen
The Disciplined Trader: All USD pairs showing signs of reversal - Here’s the NZD/USD by Pierre Charlebois
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Aug 12, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Aug 12, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 12, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Aug 12, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Aug 12, 12:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Aug 12, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
Current Session: Europe
GBP/USD: Still going lower and below 1.6410 will confirm
Charmer Charts.com − Cable hasn't changed at all. Still going lower and below 1.6410 will confirm. Trendline comes in at 1.6360 with the 61.8% fib level at 1.6390. So 1.6360 is where sellers ought to initially cover.
Buyers should be evident at these lows, but it is a short term trade only, and sellers short covering. The plaster over the open wound is not going to stem the sellers from breaking this a lot lower with 1.6000 in their sights.
EUR/USD
EURUSD retreated from the highs and new support line has been established at 1.4105 by Forex−Trends.com
EURUSD retreated from the highs and new support line has been established at 1.4105. Most likely it will not survive if another push from the bears will appear on the chart. I
USD/JPY
Dollar continues dropping from 97.75 high by ForexYard
Ever since peaking at the 97.75 level, the pair has been constantly dropping and is currently trading around the 95.50 price range.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Aug 12 | 09:00 | Industrial Production s.a. (MoM) | 0.3% | 0.5% |
| Aug 12 | 09:00 | Industrial Production w.d.a. (YoY) | - | -17% |
EMU economic indicators - EMU industrial production (June): down slightly by BHF−Bank
French industrial production will probably have suffered a setback in June, after having soared unexpectedly in May. EMU industrial production might have declined slightly in June, as the corresponding national figures sent mixed signals.
[ Full Story ]Top Market Movers Review
US ABC/WASHINGTON POST CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 11 | 21:00 | ABC/Washington Post Consumer Confidence | -47 | - | -49 |
US ABC News Consumer Confidence Index −47 In Aug 9 Week (Dow Jones)
U.S. overall consumer confidence rose last week, according to an ABC News poll released Tuesday. The consumer comfort index rose two points to −47 in the week ended Aug. 9, from −49 a week earlier.
[ Full Story ]- Read the Confidence data at ABC News
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 12 | 01:30 | AU | Wage Price Index (QoQ) (2Q) | 0.8% | 0.8% | 0.8% |
| 04:30 | JP | Capacity Utilization (Jun) | 2.3 | 8.0 | ||
| 04:30 | JP | Industrial Production (MoM) (Jun) | 2.3% | 2.4% | 2.4% |
|
| 04:30 | JP | Industrial Production (YoY) (Jun) | -23.5% | -29.5% | ||
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Jun) | 2.5% | 2.6% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Jun) | 2.4% | 2.3% | ||
| 08:30 | UK | Claimant Count Rate (Jul) | 4.9% | 4.8% | ||
| 08:30 | UK | ILO Unemployment Rate (3M) (Jun) | 7.7% | 7.6% | ||
| 08:30 | UK | Jobless Claims Change (Jul) | 25.5K | 23.8K | ||
| 09:00 | EMU | Industrial Production s.a. (MoM) (Jun) | 0.3% | 0.5% | ||