Friday, Aug 29, 15:18 GMT
FOREX INFORMER
The Week Ahead
Weekly Market View
The Central Banks' Interest Rate Decisions And The Big NonāFarm Payrolls by FXstreet.com
A month of storm has gone. We have seen the extreme volatile markets in August. Unwinding JPY carry trades, the weak EUR, collapses of the oil prices, the GBP, the AUD, and the NZD. The GBP/USD collapsed over 1,500 pips its lowest close in last 2 years whilst the EUR/USD also hit its lowest close in last 6 months at 1.4566 after the release of the German Ifo data that was worse than expectations. (Actual 94.8 vs Forecast 97.2).
This week does have explosive events. On schedule , we have the central banks' interest rate decisions, followed by the RBA, the BoC, the BoE and the ECB. The RBA is expected to cut its benchmark rates by 25 bps (Current 7.25%). The BoE might also cut the interest rates to avoid getting caught in a serious downdraft despite the fact that high inflationary pressure is seen in the U.K. economy. The ECB would revise its monetary policy to keep the ongoing rates at 4.25 % as it keeps focusing on inflationary pressure in the Euro zone.
Also concerned about other events, ISM manufacturing and ISM Non Manufacturing are released on Tuesday and Thursday respectively. Furthermore "the Big Non−Farm payrolls" is waiting for us on Friday. These events are expected to generate excessive volatility for the USD against the other majors. We should keep on paying extra attention to the markets. Alright. Let's review them all. It is worth noting that the N.Y. Session is closed on Monday (Sept 1st) due to a national holiday (Labor Day).
Other weekly reports
- Weekly Focus − Two central bank schools by Danske Bank A/S
Other Stories and Resources
- Take a look at our Real−Time Economic Calendar
Blogs
Intraday Blogs- FXstreet Advisor Weblog by Valeria Bednarik
- FX Market Readings by Dr. S. Sivaraman
- Postcards from the Right Edge by Rob Booker
- CEO's Blog by Francesc Riverola
- FX Path by James Chen
Daily Blogs
- FxBootcamp by Wayne McDonell
- The Disciplined Trader by Pierre Charlebois
- 1st on Forex by Jerry Furst
- Trade Setups by Phil Newton
- Chartology by Raghee Horner
- Forexology by Sunil Mangwani
- The Trader's Edge by Ross Yamashita
Forex Forum
- Ask FXWizard: Questions about Forex trading? FXWizard has the answers.
- International Traders Conference 2008: It is a pleasure to announce here that Lars Christensen, Chief Analyst at Danske Bank has accepted to be a key speaker of the International Traders Conference (ITC2008) to be held in Barcelona next October 29th to 31st.
- Weekly update - eurusd - gbpusd - usdchf: Technical analysis by jckm.
- NFA Forex Dealer Dead Pool: The news about the NFA shaking up the forex industry by dramatically raising capital requirements has kicked off a lot of speculation.
- Low Risk / High Reward Trading System: This is a semi-discretionary multidisciplinary Forex trading system that I am in the process of developing. It falls into the form of trading which I refer to as "Scientific".
Editor's Pick
Currency Performance Report - Europe Session Performance by FXstreet.com
Fri, Aug 29 2008, 14:50 GMT
FX Options trade alert by Trading Central
Fri, Aug 29 2008, 14:27 GMT
Currency Majors Technical Analysis by Mataf.net
Fri, Aug 29 2008, 13:07 GMT
Daily Analysis - U.S Dollar falls on speculation that consumer spending slowed by Finotec Group Inc.
Fri, Aug 29 2008, 12:19 GMT
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Sep 1, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Sep 1, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 1, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Sep 1, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Sep 1, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Sep 1, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Sep 2, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Sep 2, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
New Contributors on FXstreet.com
Trade With Passion and Purpose: Spiritual, Psychological and Philosophical Keys to Becoming a Top Trader by FXstreet.com
Fri, Aug 29 2008, 09:56 GMT
Forex Technical Report - GBPUSD Short Under 1.8300 by ForexHound.com
Fri, Aug 29 2008, 09:31 GMT
The Trading Week - The Trading Week: Aug. 31 − Sep. 5 by AllThingsForex
Fri, Aug 29 2008, 03:23 GMT
The Daily Forecaster by FX−Forecaster.com
Fri, Aug 29 2008, 02:21 GMT
FX Levels for Today - FX Levels for Today August 29 by Top Trader Thinking
Fri, Aug 29 2008, 01:48 GMT
Top 5 Most Viewed Reports
Currency Performance Report - Europe Session Performance by FXstreet.com
Fri, Aug 29 2008, 14:50 GMT
Currency Majors Technical Analysis by Mataf.net
Fri, Aug 29 2008, 13:07 GMT
Weekly Market View - The Central Banks' Interest Rate Decisions And The Big Non−Farm Payrolls by FXstreet.com
Fri, Aug 29 2008, 13:05 GMT
Today's Technical Trading Points by Danske Bank A/S
Fri, Aug 29 2008, 06:30 GMT
Daily Global Commentary - Q2 GDP Is History, Focus Should Be on the Future by Northern Trust
Thu, Aug 28 2008, 22:40 GMT
Press Releases
FXCM and DailyFX Offer New and Innovative Forex Trading Signals
FXCM (www.fxcm.com) one of the worlds largest Forex Dealer Members, along with DailyFX.com (www.dailyfx.com) announced today that they have released a new version of their Forex Trading Signals.