Wednesday, Aug 19, 07:26 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
FX Market Readings: Dip to rise big by Dr. S. Sivaraman
EURO and GBP made the dip towards close of Japanese session as explained today during Asian session :Live market analysis between 05:00−05:30 GMT .
The Disciplined Trader: Trading with Candle patterns as stop points! by Pierre Charlebois
The Day Job Trader: GBP/USD "Bargain Day" / Supply Level of Interest by Ryan O'Keefe
Chartology: USD/JPY Intraday Downtrend Slowing? by Raghee Horner
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Aug 19, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Aug 19, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 19, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Aug 19, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Aug 19, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
| Wed, Aug 19, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
Current Session: Europe
Back below 1.6480 sees 1.6425/10
Charmer Charts.com − Now back below 1.6480 sees 1.6425/10. Sellers will cover to here. Buyers will be about, but they will take flight if the market is below 1.6400. You would find sellers driving this lower once more to 1.6320. Here all shorts are to be covered. Re−sell below 1.6310 for 1.6270/50 where once more you would cover all shorts and only..repeat only... go short on a break of 1.6220.
EUR/USD
Intra−day sentiment is in a slightly bullish configuration by InnerFX
Intra−day sentiment is in a slightly bullish configuration as higher highs and higher lows have been formed but selling pressure may pick up getting back below the 1.4100 fragile intra−day support.
USD/CHF
Hourly Trend is Sideways while 10835 holds by Precise Trader
Hourly Trend is Sideways while 10835 holds and Daily Trend is also Sideways while 11025 holds, so expect the price to be Choppy with a Downside bias.
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 CURRENT ACCOUNT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Aug 19 | 08:00 | Current Account s.a | -€1.7B | -€1.2B |
| Aug 19 | 08:00 | Current Account n.s.a | - | -€13B |
EMU economic indicators - Current account is expected to improve by BHF−Bank
Following their usual seasonal pattern, the EMU trade balance and current account are expected to have improved in June, just like the corresponding German figures.
[ Full Story ]Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 19 | 06:00 | Producer Price Index (YoY) | -7.8% | -6.5% | -4.6% |
| Aug 19 | 06:00 | Producer Price Index (MoM) | -1.5% | -0.1% | -0.1% |
DATA SNAP: German Jul PPI −1.5% On Month, −7.8% On Year (Dow Jones)
[ Full Story ]- Read the PPI data at German Statistics
- German Jul PPI falls more than expected: −1.5% MoM, −6.9% YoY (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 19 | 01:00 | AU | Westpac Leading Index (MoM) (Jun) | 0.7% | -0.4% |
|
| 04:30 | JP | All Industry Activity Index (MoM) | 0.1% | 0.4% | 0.7% | |
| 06:00 | DE | Producer Price Index (MoM) (Jul) | -1.5% | -0.1% | -0.1% | |
| 06:00 | DE | Producer Price Index (YoY) | -7.8% | -6.5% | -4.6% | |
| 08:00 | EMU | Current Account n.s.a | -€13B | |||
| 08:00 | EMU | Current Account s.a | -€1.7B | -€1.2B | ||
| 08:30 | UK | Bank of England Minutes | ||||
| 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) | -50 | -59 | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) | 0.1% | 0.0% | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) | 1.9% | 1.9% | ||