Tuesday, Aug 05, 11:11 GMT
U.S. Trading Newsletter
Forex Blogs
Posts ahead of the FED
FX Market Readings: EURO and GBP are expected to make either way big swings... by Dr. S. Sivaraman
Now traders may wait for FOMC announcements,but the market is expected to make either way big swings for a day.This will be induced by big moves of USD/YEN.So quick moves are position taking opportunities.
FX Bootcamp: Forex Video | News Trade Alert | August 5, 2008 by Wayne McDonell
Trade Setups: Forex Video | Set ups 05 Aug '08 | Analysis by Phil Newton
Live Sessions Schedule
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Aug 5, 12:30 GMT
Type of Session: Webinar
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 | ||||
| Tue, Aug 5, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Aug 5, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Aug 5, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN | |
| Tue, Aug 5, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast − Dollar's Recovery: Long−Term Resistance in Sight − Again by Swiss e Trade AG
After losing further territory in Asian and ealy European trading, the EUR / USD is on the move to attack another longer−term support point, the 1.5450 level. Currently trading at 1.5494 and oversold already, we do not expect this level to be broken today. Upside moves are limited to 1.5550.
- EURO and GBP are expected to make either way big swings... 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:
Forex Analysis on Majors − Looking for possible change of Federal Funds Rate by Forex Ltd
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades around first support level 1.5542
08/05/2008 10:05 GMT - GBP/USD
- Moves down towards first support level 1.9557
08/05/2008 10:05 GMT - USD/CHF
- Trades around first resistant level 1.0514
08/05/2008 10:05 GMT - USD/JPY
- Moves down below pivot level 107.99
08/05/2008 10:05 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 FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Aug 5 | 18:15 | Fed Interest Rate Decision | 2% | 2% |
FOMC: Preview of policy meeting by Danske Bank A/S
Tonight at 20:15 CET the Federal Open Market Committee (FOMC) is set to announce its policy rate decision. In line with the market and most analysts we expect the FOMC to keep the Fed funds rate un−changed at 2%. Despite rising disagreement among Fed members, we look for a neutral statement, but with one or two dissenters on the decision. With the market discounting 32% probability for a September hike and a little more than 60% for a hike this year; we believe that risks are skewed for lower bond yields and a steeper curve going into the meeting.
[ Full Story ]- EURO and GBP are expected to make either way big swings... by Dr. Sivaraman
- European govt bonds steady ahead of Fed rate decision (Thomson Financial News)
- Euro Unmoved By Weak Data Ahead Of FOMC Meeting (Dow Jones)
Forex Analysis on Majors - Looking for possible change of Federal Funds Rate by Forex Ltd
US: FedWatch - FOMC August 5th Meeting by BBVA Bancomer
Top Market Movers Review
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 5 | 09:00 | Retail Sales (YoY) | -3.1% | -1.3% | 0.2% |
| Aug 5 | 09:00 | Retail Sales (MoM) | -0.6% | -0.6% | 1.2% |
Euro Zone's retail sales decline in June (FXstreet.com)
FXstreet.com (Barcelona) – Consumer spending is showing serious signs of contraction in the Euro Area, retail sales have fallen lower than expected in June, posting the largest year on year decline ever.
[ Full Story ]- Read the oficial report by Eurostat
- UPDATE: Euro−Zone June Retail Sales Fall Largest On Record (Dow Jones)
- Euro zone June retail sales down 0.6 pct vs May, down 3.1 pct yr−on−yr (Thomson Financial News)
- EU Retail Sales decreases 0.6%; 3.1% down year on year (FXstreet.com)
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 5 | 08:30 | Industrial Production (MoM) | -0.2% | 0.1% | -0.8% |
| Aug 5 | 08:30 | Manufacturing Production (MoM) | -0.5% | 0.1% | -0.5% |
| Aug 5 | 08:30 | Industrial Production (YoY) | -1.6% | -1.2% | -1.6% |
| Aug 5 | 08:30 | Manufacturing Production (YoY) | -1.3% | -0.6% | -0.8% |
UK manufacturing output disappoints in June (FXstreet.com)
FXstreet.com (Barcelona) – Manufacturing output in the UK has declined in June, weighed by weak performances in the electrical and optical equipment industries, although the decline has been widespread among sectors, according to the latest report by National Statistics
[ Full Story ]- Read the Oficial Index Production at National Statistics
- DATAWATCH Fall in UK manufacturing output intensifies recession fears (Thomson Financial News)
- UK manufacturing, industrial output fall further in June − UPDATE (Thomson Financial News)
- UK manufacturing, industrial output fall further in June, to weigh on Q2 growth (Thomson Financial News)
Australia RBA INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 5 | 04:30 | RBA Interest Rate Decision | 7.25% | 7.25% | 7.25% |
Australia's central bank keeps rates unchanged (Thomson Financial News)
Australia's central bank held interest rates unchanged at a 12−year high of 7.25 percent on Tuesday, defying growing pressure for a cut as the economy slows rapidly. The Reserve Bank of Australia (RBA), which held its monthly board meeting on Tuesday, raised rates twice earlier this year to cool the economy and combat an unwelcome rise in inflation.
[ Full Story ]- Read the Interest Rate Decision report at Reserve Bank of Australia
Market Session Snap−Shot - Asian Session − RBA Holds But Signals Cuts by ACM − Advanced Currency Markets
Trading News Report - RBA Rate Decision by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 5 | 08:30 | UK | Industrial Production (MoM) (Jun) | -0.2% | 0.1% | -0.8% |
| 08:30 | UK | Industrial Production (YoY) (Jun) | -1.6% | -1.2% | -1.6% | |
| 08:30 | UK | Manufacturing Production (MoM) (Jun) | -0.5% | 0.1% | -0.5% | |
| 08:30 | UK | Purchasing Manager Index Services (Jul) | 47.4 | 46.6 | 47.1 | |
| 09:00 | EMU | Retail Sales (MoM) (Jun) | -0.6% | -0.6% | 1.2% | |
| 09:00 | EMU | Retail Sales (YoY) (Jun) | -3.1% | -1.3% | 0.2% | |
| 14:00 | US | ISM Non−Manufacturing (Jul) | 48.0 | 48.2 | ||
| 18:15 | US | Fed Interest Rate Decision | 2% | 2% | ||
| 23:01 | UK | Nationwide Consumer Confidence (Jul) | 57 | 63 | ||
| 23:01 | UK | NIESR GDP Estimate (Jul) | 0.2% | |||