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Forex Blogs
FX Market Readings: What appears in the market is not true by Dr. S. Sivaraman
EURO and GBP made the slide on Friday against the expectations indicating the players were focussing on hitting the stops in crosses for week end.
The Disciplined Trader: EUR/USD running down to a trendline by Pierre Charlebois
The Day Job Trader: Sunday GBP/USD Thoughts by Ryan O'Keefe
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Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Aug 17, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 17, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 17, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Aug 17, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Aug 17, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Aug 17, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
Once broken 1.6390, we will see the trend line at 1.6625 as next support.
FXstreet.com Independent Analyst Team − We are breaking through the daily trend line at 1.6460 (remember we were met with divergence at the top). The retracement only got to 38.2% on the 1HR chart which makes me think this is an ABC correction. We are near the previous low at 1.6393 at the moment but I no reason to think this will hold. Once broken, we will see the trend line at 1.6625 as next support. A break here takes us to 1.5990, which is also a previous low
EUR/USD
The Euro versus Dollar pair is trading within a triangle by ecPulse.com
The Euro versus Dollar pair is trading within a triangle, as a bearish technical pattern may be forming, yet momentum indicators are nearing an oversold area which may limit the decline.
USD/JPY
Japanese exporters sent the pair below the 94.50 level. by FOREX.com
USD/JPY broke the 94.85 level to the topside, but selling of dollars by Japanese exporters sent the pair below the 94.50 level.
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 TRADE BALANCE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Aug 17 | 09:00 | Trade Balance n.s.a. | - | €1.9B |
| Aug 17 | 09:00 | Trade Balance s.a. | €1.4B | €0.8B |
Top Fundamental Stories - Europe Ahead: A Widened Trade Balance is Expected After the Second Quarter's Decline in Contraction by ecPulse.com
Last week, the euro zone released its GDP for the second quarter of the current year showing a decline in contraction to 0.1%, compared with the first quarter's contraction of 2.5%. The improvement was expected after the upbeat data released in the euro area starting from April, giving signs that the economy is on the right track to recovery.
[ Full Story ]FX Trend Report - EUR/USD's symmetrical exhibition by Informa Global Markets
Top Market Movers Review
Japan GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 16 | 23:50 | Gross Domestic Product (QoQ) | 0.9% | 1.0% | -3.1% |
DATA SNAP:Japan Apr−Jun GDP +0.9% Q/Q;1st Rise Since 1Q 2008 (Dow Jones)
Japan's real gross domestic product grew 0.9% in April−June from the prior quarter − an annual pace of expansion of 3.7%, Cabinet Office data showed. That was slightly worse than the 1.0% on−quarter growth and 3.9% annualized expansion forecast by Tokyo−based economists polled by Dow Jones Newswires.
[ Full Story ]- Read the GDP data at Economic and Social Research Institute ( Japan )
- Japan Apr−Jun GDP Table Of Data (Dow Jones)
- Japan Q2 GDP +0.9% qtr/qtr (Forex Live)
- Market awaits Japanese GDP numbers (Forex Live)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 16 | 23:01 | UK | Rightmove House Price Index (MoM) (Aug) | -2.2% | 0.6% | |
| 23:50 | JP | Gross Domestic Product (QoQ) (2Q)  | 0.9% | 1.0% | -3.1% |
|
| 23:50 | JP | Gross Domestic Product Annualized (2Q) | 3.7% | 3.9% | -11.7% |
|
| Aug 17 | 07:15 | CH | Adjusted Real Retail Sales (YoY) (Jun) | 0.9% | 0.8% | -1.4% |
| 09:00 | EMU | Trade Balance n.s.a. (Jun) | €1.9B | |||
| 09:00 | EMU | Trade Balance s.a. (Jun) | €1.4B | €0.8B | ||
| 12:30 | US | NY Empire State Manufacturing Index (Aug) | 2.2 | -0.6 | ||
| 13:00 | US | Net Long−term TIC Flows (Jun) | $17.5B | -$19.8B | ||
| 13:00 | US | Total Net TIC Flows (Jun) | -$66.6B | |||
| 17:00 | US | NAHB Housing Market Index (Aug) | 18 | 17 | ||
Educational Resources
The Death of the Buy−and−Hold Investor
The rout experienced by all the world's equity markets during 2008 will be etched in the memories of share traders and investors for many, many years. Kel Butcher reminds us that ‘only educated traders survive' in a bear market.
Read the whole article of our new Education Contributor YourForexEdge Magazine!
Other Strategies articles
More to trading than charts by Don Dawson
The Straight Answers to the Most Frequently Asked Questions by Sam Seiden
Plan, execute, and then go do something more important than trading by Sam Seiden