Thursday, Aug 13, 07:34 GMT
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Forex Blogs
The Trader's Edge: EUR/USD Short Term Bull Run? by Ross Yamashita
Quite a trading day with the FOMC statement yesterday. Now that the dust has somewhat settled, let's take a look at the EUR/USD. Looking at an hourly chart, it seems we have potentially seen the end of the shorter term down movement for the completion of Wave 2.
The Disciplined Trader: EUR/USD rising towards .618 by Pierre Charlebois
FX Market Readings: USD gaining Vs risk appetite by Dr. S. Sivaraman
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Live Sessions Schedule
Live Forex Swing Trading Analysis with Supply and Demand
Expert: Sam Seiden
Start: Thu, Aug 13, 10:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Aug 13, 17:00 GMT
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Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 13, 10:00 GMT | Live Forex Swing Trading Analysis with Supply and Demand | Sam Seiden | WBN |  |
| Thu, Aug 13, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Aug 13, 14:00 GMT | Key Fundamental Indicators | Adam Rosen | WBN | |
| Thu, Aug 13, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe
Weekly close above 1.6800 would add considerably to bullish momentum
Mizuho Corporate Bank − A second consecutive small ‘doji' against Fibonacci support, in the middle of the ‘triangle' and above a large Ichimoku ‘cloud' adds weight to our view that prices are attempting to base following the most recent correction lower. Now we shall be hoping prices will start holding and closing above the top of the ‘triangle' with a weekly close above 1.6800 adding considerably to bullish momentum.
EUR/USD
Euro rose from 14080/14100 support area, by E−Forex
Support mentioned on yesterday's report into the 1.4080−1.4100 region formed by a rising trend line has provided a stable reversal point on last downside test,
USD/CAD
Entire rally from 1.0782 has now been retraced by DailyFX
The entire rally from 1.0782 has now been retraced. However, the drop below 1.0782 may be wave Y in a complex W−X−Y corrective decline from 1.3068.
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 GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Aug 13 | 09:00 | Gross Domestic Product s.a. (QoQ) | -0.5% | -2.5% |
Preview of EU Q2 GDP: potential volatility in EUR by Easy Forex
EU advance Q2 GDP will be released on Thursday, August 13th. The GDP report has the potential to spark volatility in EUR trade because the data is an important gauge of the strength of the EU economy and may impact ECB policy outlook. The trade expects EU Q2 GDP to show that the pace of contraction in the EU economy has slowed. The report is looked to for clues to whether the EU economy is nearing a bottom. EU Q2 GDP is expected to contract for the fifth straight quarter by 0.5% compared to 2.5% decline in Q1. EU annual GDP contracted by a record 4.9% in Q1.
[ Full Story ]EMU economic indicators - German/EMU GDP (Q2): down slightly by BHF−Bank
Top Market Movers Review
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 13 | 06:00 | Gross Domestic Product n.s.a (YoY) | -7.1% | -7.6% | -6.4% |
| Aug 13 | 06:00 | Gross Domestic Product s.a (QoQ) | 0.3% | -0.2% | -3.5% |
| Aug 13 | 06:00 | Gross Domestic Product w.d.a (YoY) | -5.9% | -6.6% | -6.7% |
DATA SNAP:German 2Q GDP Beats Expectations With 0.3% QQ Gain (Dow Jones)
Germany's economy fared much better than expected in the second quarter, growing for the first time since early 2008.
[ Full Story ]- Read the GDP data at German Statistics
- Forex: Euro/USD: Euro at session high above 1.4245 after German GDP (FXstreet.com)
- Germany 2Q QoQ GDP rises 0.3% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 13 | 06:00 | DE | Gross Domestic Product n.s.a (YoY) (2Q)  | -7.1% | -7.6% | -6.4% |
| 06:00 | DE | Gross Domestic Product w.d.a (YoY) (2Q) | -5.9% | -6.6% | -6.7% |
|
| 07:15 | CH | Producer and Import Prices (MoM) (Jul) | 0.0% | 0.1% | 0.0% | |
| 07:15 | CH | Producer and Import Prices (YoY) (Jul) | -6.1% | -5.8% | -5.6% | |
| 08:00 | EMU | ECB Monthly Report (Aug) | ||||
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) | -0.5% | -2.5% | ||
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (2Q) | -5.1% | -4.9% | ||
| 12:30 | US | Continuing Jobless Claims (Aug 1) | 6350K | 6310K | ||
| 12:30 | US | Import Price Index (MoM) (Jul) | -0.5% | 3.2% | ||
| 12:30 | US | Import Price Index (YoY) (Jul) | -19.0% | -17.4% | ||
Educational Resources
Video Forex Trading Program − Day 8
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Related Resources
Watch previous lessons of Forex 30-day Trading Program by 4Xlounge
Forex Jump-Start: Beginners Video Course by 4xLounge