Tuesday, Aug 18, 07:43 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
The Day Job Trader: GBP/USD, Support Soon or Lookout Below? by Ryan O'Keefe
GBP/USD couldn't catch a break over the last twenty four hours. First the Rightmove housing data was abysmal casting doubt the U.K. housing market was on the road to recovery.
The Disciplined Trader: Asian session likely to produce some USD retracement by Pierre Charlebois
Sponsored by 
Live Sessions Schedule
London Session Scenarios on GBPUSD & GBPJPY
Expert: Mihai Marinescu
Start: Tue, Aug 18, 08:00 GMT
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Tue, Aug 18, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 18, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN |  |
| Tue, Aug 18, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Tue, Aug 18, 10:00 GMT | Who Is On The Other Side Of Your Trade?  | Sam Seiden | WBN | |
| Tue, Aug 18, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
DailyFX − The short term pattern in the EURUSD strongly suggests that the longer term decline has resumed. At this point, price should remain below 1.4330 and potential resistance is the 1.4158/1.4210 zone. 1.4000 (1.3981 is a 100% extension) may provide short term support but rallies should be sold at this point.
GBP/USD
The pair continues to trade bearishly affected by the negative pattern by ecPulse.com
The pair continues to trade bearishly affected by the negative pattern and the construction of a descending channel over intraday basis
JPY
Yen gave back a good deal of yesterday's gains by FOREX.com
EUR/JPY was a great pair to hitch your wagon onto today as it quickly forgot early lows near the 132.80 area and topped out just short of 134.20. GBP/JPY blasted from the 154.00 levels to 155.70
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
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Aug 18 | 09:00 | ZEW Survey − Economic Sentiment | 45.0 | 39.5 |
EMU economic indicators - German ZEW economic sentiment (August): Set to rebound by BHF−Bank
The German ZEW economic sentiment will probably have risen again in June, but not as sharply as the previous month. The ifo business expectations and the US ISM manufacturing index have both improved. German yield spreads have widened somewhat, as short−term interest rates have stabilised and long−term rates have gone up. The DAX has continued to recover too. On the other hand, the euro has appreciated and crude oil prices have increased.
[ Full Story ]Top Fundamental Stories - Europe Ahead: German ZEW Survey and the United Kingdom Consumer Prices Queue Up by ecPulse.com
Top Market Movers Review
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 17 | 17:00 | NAHB Housing Market Index | 18 | 18 | 17 |
UPDATE: US NAHB Aug Housing Index 18 Vs 17 In July (Dow Jones)
[ Full Story ]- Read the Housing data at NAHB
- US NAHB Aug Housing Index 18 Vs 17 In July (Dow Jones)
US economic indicators - Housing market data (Jul): Continuing to stabilise by BHF−Bank
US: Housing Chartbook August 2009 by Wells Fargo Investments, LLC
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 17 | 17:00 | US | NAHB Housing Market Index (Aug) | 18 | 18 | 17 |
| Aug 18 | 01:30 | AU | RBA Meeting's Minutes | |||
| 05:00 | JP | Coincident Index (Jun) | 88.0 | 87.9 | 87.1 | |
| 05:00 | JP | Leading Economic Index (Jun) | 79.9 | 79.9 | 76.9 | |
| 08:30 | UK | Consumer Price Index (MoM) (Jul) | -0.3% | 0.3% | ||
| 08:30 | UK | Consumer Price Index (YoY) (Jul) | 1.6% | 1.8% | ||
| 08:30 | UK | Core Consumer Price Index (YoY) (Jul) | 1.5% | 1.6% | ||
| 08:30 | UK | Retail Price Index (MoM) (Jul) | -0.2% | 0.3% | ||
| 08:30 | UK | Retail Price Index (YoY) (Jul) | -1.7% | -1.6% | ||
| 09:00 | EMU | ZEW Survey − Economic Sentiment (Aug) | 43.0 | 39.5 | ||