Monday, Aug 04, 12:03 GMT
U.S. Trading Newsletter
Forex Blogs
Previewing the week ahead
1st on Forex: Week Ahead for August 4 − 8 Calendar by Jerry Furst
There is a full Calendar of events this week − Lot;s of Interest Rate Announcements amongst Employment and Consumer Sentiment numbers coming out across the globe.
FX Bootcamp: Weekly Pivot Points by Wayne McDonell
FX market Readings: Euro and GBP expected to make volatiles moves for week beginning by Dr. S. Sivaraman
Live Sessions Schedule
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Tue, Aug 5, 17:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 4, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Aug 4, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Aug 4, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Aug 4, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe − U.S.
EUR/USD
Weekly Technical Strategist − EURUSD: Weakens For A Third Week In A Row, Looks To Hold Below Its MT Rising Trendline by FXTechstrategy
A third−week of downside losses has seen the pair maintaining its decline off the 1.6038, its YTD high and breaking marginally below its MT rising trendline originating from its August 2007 low at 1.3361 the past week. Further weakness is likely while price and weekly studies continue to head lower suggesting that the 1.5468 low, its Jun 23'08 low will be aimed at ahead of its range bottom at 1.5304/1.5285 zone (May/Jun'08 lows).
- NFP data release − Expected market surprise by Dr. S. Sivaraman, of i−knowindices.com
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Currency Technical Report − Currency Technical Report by FXGreece
Forex Technical Report − USDCHF Consolidating by ForexHound.com
Daily Trading Forecast − USD: Higher Trading Ranges Again Today by Swiss e Trade AG
Majors at a Glance
- EUR/USD
- Trades above opening price level 1.5564 , above pivot level 1.5552
08/04/2008 10:02 GMT - GBP/USD
- Moves down towards first support level 1.9692
08/04/2008 10:02 GMT - USD/CHF
- Trades around first support level 1.0475
08/04/2008 10:02 GMT - USD/JPY
- Moves up above pivot level 107.64
08/04/2008 10:02 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, 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 PERSONAL INCOME
| Date (GMT) | Event | Cons. | Previous | |
| Aug 4 | 12:30 | Personal Spending | 0.5 | 0.8 |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 2.2% | 2.1% |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.2% | 0.1% |
| Aug 4 | 12:30 | Personal Income (MoM) | -0.1% | 1.9% |
Friday Notes - Personal Income & Outlays by HVB Group
Tax rebates dramatically boosted income in May, and only the tail end of the rebate checks went out in June. Otherwise, wages and salaries were up moderately, leaving total personal income roughly unchanged. Spending continued to benefit from the fiscal injection, although less than half was spent. Consumers cut purchases of autos but managed to do a lot of shopping at malls.
[ Full Story ]Daily Forex Technical Report − Sterling Lower on Cross Actions, Dollar Steady ahead of PCE by ActionForex.com
Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 4 | 09:00 | Producer Price Index (MoM) | 0.9% | 0.9% | 1.2% |
Euro Zone's Industrial Product Prices rise on energy prices in June (FXstreet.com)
FXstreet.com (Barcelona) – Industrial product prices have posted the largest year on year increase ever in June, driven, mostly, by surging energy prices, according to data released by Eurostat.
[ Full Story ]- Read the oficial report at Eurostat
- UPDATE: Euro−Zone Jun PPI Hits Fresh High On Energy Costs (Dow Jones)
- DATA SNAP: Euro−Zone Jun PPI Hits Fresh High On Energy Costs (Dow Jones)
Switzerland SVME − PURCHASING MANAGERS' INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 4 | 07:30 | SVME − Purchasing Managers' Index | 54.1 | 53.6 | 54.9 |
Swiss PMI edges down in July (FXstreet.com)
FXstreet.com (Barcelona) − Swiss Purchasing Managers' Index has declined in July to a level below the long –term average of 54.5 points, nevertheless, the final reading has been better than expected, according to figures released by the Swiss Association for Materials Management and Purchasing (SVME) and Credit Suisse.
[ Full Story ]- Read the oficial SVME Purchasing Managers' Index at Schweizerischer Verband für Materialwirtschaft und Einkauf
- UPDATE 1−Swiss manufacturing growth at 3−yr low, costs soar (Thomson Financial News)
- INSTANT VIEW 1−Swiss PMI hits 3−year low in July (Thomson Financial News)
- Switzerland SVME − Purchasing Managers' Index down to 54.1 in Jul from 54.9 in Jun (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 4 | 01:30 | AU | House Price Index (YoY) (2Q) | 8.2% | 13.8% | |
| 07:30 | CH | SVME − Purchasing Managers' Index (Jul) | 54.1 | 53.6 | 54.9 | |
| 08:30 | UK | PMI Construction (Jul) | 36.7 | 37.5 | 38.8 | |
| 08:30 | EMU | Sentix Investor Confidence (Aug) | -15.3 | -10.0 | -9.3 | |
| 09:00 | EMU | Producer Price Index (MoM) (Jun) | 0.9% | 0.9% | 1.2% | |
| 09:00 | EMU | Producer Price Index (YoY) (Jun) | 8.0% | 7.9% | 7.1% | |
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Jun) | 0.2% | 0.1% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Jun) | 2.2% | 2.1% | ||
| 12:30 | US | Personal Income (MoM) (Jun) | -0.1% | 1.9% | ||
| 12:30 | US | Personal Spending (Jun) | 0.5 | 0.8 | ||