Thursday, Aug 23, 11:29 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
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Live Sessions Schedule
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Aug 23, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading with Tim Billups
Expert: Tim Billups
Start: Thu, Aug 23, 16:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 23, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, Aug 23, 16:00 GMT | Trading with Tim Billups  | Tim Billups | WBN | |
| Thu, Aug 23, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Fri, Aug 24, 10:00 GMT | What moves currencies? − Wrapping−up the week | Tony Juste | WBN |  |
| Fri, Aug 24, 11:00 GMT | The Contest Webinar | Raghee Horner | WBN | |
Current Session: Europe − U.S.
GBP/USD
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 − Yen Crosses Continues Higher, Pressing Near Term Resistance by ActionForex.com
Daily technical research by FX Instructor
EUR/USD Daily Technical Forex − EUR/USD Daily Technical Forex by Stoploss.ch
Majors at a Glance
- EUR/USD
- Moves up above first resistant level 1.3578
08/23/2007 10:51 GMT - GBP/USD
- Moves up toward third resistant level 2.0099
08/23/2007 10:52 GMT - USD/CHF
- Trades above pivot level 1.2070
08/23/2007 10:52 GMT - USD/JPY
- Moves up toward third resistant level 117.32
08/23/2007 10:53 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
GBP USD, Hourly
Top Market Movers Preview
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 23 | 12:30 | Initial Jobless Claims | 315K | 322K |
Friday Notes - Rising risk aversion triggers growth fears by HVB Group
Layoffs have been fluctuating in a very narrow band for months, as firms seem to be relatively comfortable with current staffing levels. However, the latest JOLTS report suggests weaker hiring in a couple of sectors, notably retailing.
[ Full Story ]Top Market Movers Review
UK TOTAL BUSINESS INVESTMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 23 | 08:30 | Total Business Investment (QoQ) | 0.8% | 2.0% | -0.6% |
European Market Update - Business investment in the UK rose by less than expected by Trade The News
Preliminary second−quarter total business investment in the UK rose by less than expected to 0.8% q/q from –0.6% in the first−quarter, and declined by more than expected to 7.4% from 9.4% in the first−quarter.
[ Full Story ]- Read the Business Investment at National Statistics
- UPDATE: UK Business Investment Recovers In 2Q (Dow Jones)
- UK − Business investment rises lower than expected in second quarter (FXstreet.com)
- UK provisional Q2 business investment up 0.8 pct vs Q1, up 7.4 pct yr−on−yr (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 23 | 03:00 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | |
| 06:00 | DE | Gross Domestic Product (QoQ) (2Q) | 0.3% | 0.3% | 0.5% | |
| 06:30 | JP | BoJ's Governor Fukui Speaks | ||||
| 08:30 | UK | Total Business Investment (QoQ) (2Q)  | 0.8% | 2.0% | -0.6% | |
| 12:30 | US | Initial Jobless Claims (Aug 18) | 315K | 322K | ||
| 22:45 | NZ | Trade Balance (Jul) | -524.5M | |||
| 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 | ||
| 08:30 | UK | Gross Domestic Product (YoY) (2Q) | 3% | 3% | ||
| 08:30 | UK | Gross Domestic Product (QoQ) (2Q) | 0.8% | 0.8% | ||