Friday, Aug 21, 16:40 GMT
FOREX INFORMER
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The Week Ahead
Danske Bank − US regional business surveys confirmed the improvement in US industry while housing data provided more signs of stabilisation – and maybe even recovery.
Euroland continues to surprise to the upside. This week Flash PMI rose further and a pick−up in service PMI provides hope that the improvement is getting more broad−based. Germany is performing strongly
Q2 GDP data in Japan and Norway showed that these countries have also left recession territory. Among G7 countries Japan is showing strongest growth, rising 3.7% q/q annualised – clearly above trend growth.
Risk appetite continues to swing between on and off by Saxo Bank
The Dollar will play its usual important role having weakened again this week as the S&P 500 recaptured the $1,000 level. The Japanese Yen is worth keeping an eye on as it is an important measure of risk appetite. Euro is generally viewed as being an indication of increased appetite for risk. The chart above shows the strong correlation between the two.
Featured Education
Educator of the Month: Ashraf Laidi
Ashraf Laidi is an experienced analyst, Chief Strategist at CMC Markets, author of "Currency Trading & Intermarket Analysis" and founder of AshrafLaidi.com. He's a close contributor of FXstreet.com and will also be Key Speaker at FXstreet.com's International Traders Conference in Barcelona on October 14−16. Check his author's page to know more about him and his contents!
Currency Trading and Intermarket Analysis - Book
International Traders Conference (ITC 09) Barcelona - Mr. Laidi will be Key Speaker at the event
Blogs
Intraday Blogs- FXstreet Advisor Weblog by Valeria Bednarik
- FxBootcamp by Wayne McDonell
- FX Market Readings by Dr. S. Sivaraman
- CEO's Blog by Francesc Riverola
- FX Path by James Chen
- Trading for a living by David Aranzabal
Intraweek Blogs
- The Disciplined Trader by Pierre Charlebois
- 1st on Forex by Jerry Furst
- Trade Setups by Phil Newton
- Chartology by Raghee Horner
- The Trader's Edge by Ross Yamashita
- ForexEdge by Ron Schelling
- The Day Job Trader by Ryan O'Keefe
Forex Forum
- Ask FXWizard: Questions about Forex trading? FXWizard has the answers.
- FX Trader of the Year 2009 Live Contest: Show what can you do with your account and get a proprietary trader position at Nordmarkets
- John Smith's Tools: Welcome dear fellow traders! We are proud to present you the John Smith's Tools (JST) software, which is probably the leading and the most complex and versatile Toolset you can get on the Metatrader platform. It consists of 22 comprehensive tools with a very wide range of features that we consider to be a significant help in your trading decision making.
- Simply Money Management System (SMMS): Professional traders know how to lose. They are not better in winning, nor have a better strategy than you (if your strategy gives you more than 50 % winners, lol), they are just better than you in taking losses. That may sound rough, naive, archaic, whatever, but nevertheless its true. There is no holy grail indicator, nor a holy grail system. Warren Buffet has none and George Soros also not. The point in being a successful trader and dont belong to the majority of forex losers is simply to have a logical Money Management.
- NO STOP LOSS TRADING - Excellent all wins: FIt's kind of obvious how much account he has. He probably have $5000 or so in the account and only playing $0.50 or less per PIP. Because 5000 pip drawdown will require $5000 in the account for a MINI account where 1 pip = $1.
Editor's Pick
Financial Trend Analysis Strategy: Short USDJPY by Financial Trend Analysis
Fri, Aug 21 2009, 07:35 GMT
Forex 30−day Trading Program - Day 15 − The Fundamentals − Philadelphia Fed by 4xLounge
Fri, Aug 21 2009, 06:51 GMT
Weekly Market Commentary - Minutes from the Fed's FOMC saw ‘economic activity is levelling out by Mizuho Corporate Bank
Fri, Aug 14 2009, 15:06 GMT
Live Sessions Schedule
Trading Around Your Day Job
Expert: Ryan O'Keefe
Start: Mon, Aug 24, 19:00 GMT
Type of Session: Webinar
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Aug 27, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 24, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Aug 24, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Mon, Aug 24, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Aug 24, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Aug 24, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Aug 24, 19:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN | |
New Contributors on FXstreet.com
Intraday Forex Technical Report - U.S. Update: Dollar beats risk appetite by FXstreet.com Independent Analyst Team
Fri, Aug 21 2009, 15:44 GMT
Top Fundamental Stories - Existing Home Sales Rise Unexpectedly as Improvement Prevails! by ecPulse.com
Fri, Aug 21 2009, 14:30 GMT
Fundamental Currencies Comments - The euro bounced today ahead of important U.S. data by ecPulse.com
Fri, Aug 21 2009, 13:44 GMT
Fundamental News Summary - European Session News Summary by ecPulse.com
Fri, Aug 21 2009, 13:37 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Fri, Aug 21 2009, 13:31 GMT
Top Most Viewed Reports
Daily Recommended Trades - Daily technical outlook by InnerFX
Fri, Aug 21 2009, 06:12 GMT
The Daily Forecaster by FX−Forecaster.com
Fri, Aug 21 2009, 03:30 GMT
Press Releases
Interbank FX Named to 2009 Inc. 500
Interbank FX recognized as the 208th fastest growing company in the U.S., 8th fastest growing company within financial services sector. For the second consecutive year, Interbank FX (IBFX.com), a provider of online off exchange retail foreign currency (Forex/FX) trading, was named to Inc. magazine's renowned Inc. 500—an annual ranking of the fastest growing privately held companies in the United States.
M I G introduces Micro Step Lot Trading and a chance to watch Formula One LIVE in Abu Dhabi!
Are you ready to test your Forex skills to win a trip of a lifetime to watch FORMULA ONE LIVE in Abu Dhabi? Play M I G's The Road to F1 FOREX Championship and you could win two VIP Paddock Tickets, two Round‐Trip Flights, including fine accommodation o watch, hear, and infuse...
dbFX partners with leading Wall Street performance coach for series of online trading seminars
dbFX.com, the online retail foreign exchange (FX) trading platform of Deutsche Bank, announced today it is holding a series of free webinars to help traders better understand the psychology of their trading.