Friday, Aug 14, 07:35 GMT
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Forex Blogs
FX Market Readings: Holding high could lead to further rise by Dr. S. Sivaraman
EURO and GBP yesterday made the rise during Japanese and European sessions.After initial quick swing moves they firmed up again to hold near high.the players were holding high for the short sellers to cover.But further shorts were absorbed by the players from traders.
FXBootcamp: FOREX VIDEO - Pre London Outlook August 14th 2009 by David R Pegler
Chartology: USD/CHF Daily Set Ups Channel by Raghee Horner
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Live Sessions Schedule
Live Forex Swing Trading Analysis with Supply and Demand
Expert: Sam Seiden
Start: Fri, Aug 14, 10:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Aug 14, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 14, 09:00 GMT | Trading the Harmonic patterns  | Sunil Mangwani | WBN |  |
| Fri, Aug 14, 10:00 GMT | Live Forex Swing Trading Analysis with Supply and Demand | Sam Seiden | WBN |  |
| Fri, Aug 14, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Fri, Aug 14, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe
Weekly close above 1.4300 should turn momentum decidedly bullish
Mizuho Corporate Bank − Bouncing from Fibonacci retracement in the middle of the previous ‘triangle' consolidation pattern and a weekly close above 1.4300 should turn momentum decidedly bullish. The Euro is no longer overbought and consensus opinion is very much in favour of the US dollar. We feel that price action from last week's high is corrective and that the long term trend to US dollar weakness will resume shortly.
GBP/USD
Price should continue to move in 1,6400 / 1,6660 range by Danske Bank A/S
GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,6400 / 1,6660 range.
USD/JPY
Oscillators support a possible bullish correction today by ForexYard
The cross has experienced much bearishness in the past week, and currently stands at the 95.21 level. There is much evidence in the chart's oscillators that supports a possible bullish correction today.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 14 | 09:00 | Consumer Price Index − Core (YoY) | 1.3% | 1.4% |
| Aug 14 | 09:00 | Consumer Price Index (YoY) | - | -0.1% |
| Aug 14 | 09:00 | Consumer Price Index (MoM) | -0.6% | 0.2% |
Top Fundamental Stories - Europe Ahead: CPI in the Euro Zone is expected to remain steady in July by ecPulse.com
[ Full Story ]EMU economic indicators - CPI likely to be confirmed at −0.6 by BHF−Bank
Top Market Movers Review
New Zealand RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 13 | 22:45 | Retail Sales ex Autos (MoM) | -0.4% | -0.5% | 1.5% |
| Aug 13 | 22:45 | Retail Sales (MoM) | 0.1% | -0.3% | 0.7% |
Top Fundamental Stories - Retail sales in New Zealand gained adding to signs of recovery by ecPulse.com
Retail sales in New Zealand came opposing forecasts today as it gained during June in a slower pace compared with May and on quarterly basis it inclined for the first time in seven quarters.
[ Full Story ]- Read the Retail Sales data at Statistics New Zealand
- NZ retail sales as expected, NZD pops higher (Forex Live)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 13 | 16:30 | ZA | SARB Interest Rate Decision | 7.0% | 7.5% | |
| 22:45 | NZ | Retail Sales (MoM) (Jun) | 0.1% | -0.3% | 0.7% |
|
| 22:45 | NZ | Retail Sales ex Autos (MoM) (Jun) | -0.4% | -0.5% | 1.5% |
|
| 23:50 | JP | Tertiary Industry Index (MoM) (Jun) | 0.1% | -0.3% | -0.3% |
|
| Aug 14 | 09:00 | EMU | Consumer Price Index − Core (YoY) (Jul) | 1.3% | 1.4% | |
| 09:00 | EMU | Consumer Price Index (MoM) (Jul) | -0.6% | 0.2% | ||
| 09:00 | EMU | Consumer Price Index (YoY) (Jul) | -0.1% | |||
| 12:30 | US | Consumer Price Index (MoM) (Jul) | 0.0% | 0.7% | ||
| 12:30 | US | Consumer Price Index (YoY) (Jul) | -1.9% | -1.4% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Jul) | 0.2% | 0.2% | ||
Educational Resources
Straight Answers to Most Frequently Asked Questions
Getting the right answers in an industry that is fraught with misleading information can be a daunting task for the new market speculator so Sam Seiden will do his best to give you the straight answer to some of the most frequently asked questions. Read the article!