Wednesday, Aug 22, 11:49 GMT
U.S. Trading Newsletter
To Get Started
- MG Financial Response to Francesc Riverola's "Open letter to FXstreet's clients affected by NFA capital requirement changes"
- Tony Juste is back! Check the Advisor Blog now.
- FXstreet.com 1st International Traders Conference - Come and meet our renowned Speakers
- Special Webinar: How to Capitalize on the Credit Crunch Crisis with Currencies
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Live Sessions Schedule
Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, Aug 22, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Specific technical indicators and tools for tracking accurancy in FX trading
Expert: Don Wilcox
Start: Wed, Aug 22, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 22, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN | |
| Wed, Aug 22, 14:00 GMT | Specific technical indicators and tools for tracking accurancy in FX trading  | Don Wilcox | WBN | |
| Wed, Aug 22, 15:00 GMT | Forex Market moves and sentiments | Dr.S.Sivaraman | WBN | |
| Wed, Aug 22, 16:00 GMT | Special Webinar: How to Capitalize on the Credit Crunch Crisis with Currencies | Jerry Furst | WBN |  |
| Wed, Aug 22, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
Support is 1.9718, which is 75.2% correction of the climb on Friday 1.9655 − 1.9932. Next support downwards is at the bottom from 8 June at 1.9622. Upwards resistance is the psychological level of 2 US Dollars for 1 pound, where the 100 day middle term crawling line is crossing. After that comes broken bottom from 30 July at 2.0174, followed by the top from 9 August 2.0387.
- Tony Juste is finally back! Read his last weblog posts
- The Signals Tracker: performance of signals providers
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Forex Technical Report − Another Day of Consolidation by ActionForex.com
EUR/JPY Daily Technical Forex − EUR/JPY Daily Technical Forex by Stoploss.ch
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Stays above pivot level 1.3480
08/22/2007 11:23 GMT - GBP/USD
- Stays above pivot level 1.9822
08/22/2007 11:23 GMT - USD/CHF
- Moves up toward first resistant level 1.2084
08/22/2007 11:23 GMT - USD/JPY
- Continues to trade above pivot level 114.56
08/22/2007 11:23 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
US EIA CRUDE OIL STOCKS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 22 | 14:30 | EIA Crude Oil Stocks | - | -5.2M |
Ahead of the Bell: Oil Inventory (Thomson Financial News)
Oil traders will examine new government petroleum data Wednesday to see whether U.S. refiners are still drawing down crude oil stockpiles to produce more gasoline.
[ Full Story ]Top Market Movers Review
EMU INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 22 | 09:00 | Industrial New Orders (YoY) | 13.8% | 12.4% | 9.1% |
| Aug 22 | 09:00 | Industrial New Orders s.a. (MoM) | 4.4% | 2.0% | 1.5% |
European Market Update - Euro−Zone industrial new orders rose by more than expected by Trade The News
Euro−Zone industrial new orders rose by more than expected to 4.4% m/m in July from a downwardly revised 1.5% in June, and rose to 13.8% y/y from a downwardly revised 7.% in June.
[ Full Story ]- Read the report: Industrial new orders up by 4.4% in euro area at Eurostat
- Euro Zone − Industrial New Orders rose higher than expected in June (FXstreet.com)
- Euro zone June industrial orders up 4.4 pct vs May, up 13.8 pct year−on−year (Thomson Financial News)
- DATA SNAP:Euro−Zone Jun Indus Orders Growth At 19−Mo High −2 (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 21 | 23:50 | JP | Adjusted Merchandise Trade Balance (Jul) | ¥822.60B | ¥760.00B | ¥823.77B |
| Aug 22 | 00:30 | AU | Westpac Leading Index (MoM) (Jun) | 1.0% | 6.1% | |
| 09:00 | EMU | Industrial New Orders (YoY) (Jun) | 13.8% | 12.4% | 9.1% | |
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Jun) | 4.4% | 2.0% | 1.5% |
|
| 14:30 | US | EIA Crude Oil Stocks (Aug 17) | -5.2M | |||
| Aug 23 | 03:00 | JP | BoJ Interest Rate Decision | 0.5% | ||
| 06:00 | DE | Gross Domestic Product (QoQ) (2Q) | 0.3% | 0.5% | ||
| 22:45 | NZ | Trade Balance (Jul) | -0.52 | |||
| Aug 24 | 08:00 | EMU | Purchasing Manager Index Services (Aug) | 58.0 | 58.3 | |
| 08:00 | EMU | PMI Manufacturing Index (Aug) | 54.5 | 54.9 | ||