Monday, Aug 11, 11:27 GMT
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FX Path: EUR/USD Update by James Chen
As of Sunday evening (New York time) price on the EUR/USD daily chart, as shown, has reached all the way down and dipped slightly into the prior trading range that prevailed from late October 2007 to late February 2008. This dip into the previous range follows on the heels of a massive plummet that occurred on Friday.
1st on Forex: Week Ahead for August 11 − 15 Calendar by Jerry Furst
Trade Setups: Forex Video − Set ups 11 Aug '08 − Analysis by Phil Newton
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 11, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Aug 11, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 11, 12:00 GMT | Trading with one indicator: The ICHIMOKU explained  | Valeria Bednarik | WBN |  |
| Mon, Aug 11, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Aug 11, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
| Mon, Aug 11, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast − Euro's Black Friday by Global Forex Trading
The euro, currently trading at 1.5062 against the U.S. dollar, is attempting to correct the oversold situation as well, recovering some of its quickly−lost territory. We see resistance for this recovery move between 1.5100 and 1.5150. A fall back to 1.5020 from these levels is likely.
- Gbp/Usd and Usd/Jpy for today by Valeria Bednarik, Analyst at MolFX − Management
- 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 Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Bank Report
Weekly Technical Commentary by Mizuho Corporate Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Analysts' Blog
Forex Video | Set ups 11 Aug '08 | Analysis by Phil Newton, Developer of Trading Strategies at TradingStrategies.info
Majors at a Glance
- EUR/USD
- Moves upwards 1.5000. MAs are still declining gradually.
08/11/2008 10:59 GMT - GBP/USD
- Moves upwards the 1.9220 region. MAs are moving in a mixed direction
08/11/2008 10:59 GMT - USD/CHF
- Moves down below opening price level 1.0852 , above pivot level 1.0750
08/11/2008 11:00 GMT - USD/JPY
- Moves down 109.70 level. Immediate support is seen at 109.50 .
08/11/2008 11:00 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
Canada NEW HOUSING PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 11 | 12:30 | New Housing Price Index (YoY) | - | 4.1% |
| Aug 11 | 12:15 | Housing Starts s.a (YoY) | 210.0K | 217.8K |
Long Term Forex Analysis - USDCAD broke above 1.0378 long term resistance by ForexCycle.com
USDCAD broke above 1.0378 (Jan 22 high) long term resistance and reached to 1.0451 level. Further rise towards 1.0750 level is still possible in next several days.
[ Full Story ]Top Market Movers Review
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 11 | 08:30 | Producer Price Index − Output (MoM) n.s.a | 0.4% | 0.5% | 0.9% |
| Aug 11 | 08:30 | Producer Price Index − Output (YoY) n.s.a | 10.2% | 10.3% | 10.0% |
| Aug 11 | 08:30 | Producer Price Index − Input (YoY) n.s.a | 30.1% | 29.8% | 30.0% |
| Aug 11 | 08:30 | Producer Price Index − Input (MoM) s.a | -0.6% | 1.0% | 2.1% |
UK July output price growth highest in over 20 years, input prices ease (Thomson Financial News)
UK manufacturing output prices rose at their fastest rate since record began 20 years ago during July, though the rate of inflation for raw material costs eased slightly, official figures showed.
[ Full Story ]- Read the PPI data at National Statistics
- 2nd UPDATE: UK July Output PPI Lifts Less Than Expected (Dow Jones)
- DATA SNAP: UK July Output PPI +0.4% On Month, +10.2% On Year (Dow Jones)
- UK Jul PPI − Output n.s.a rises 0.4%; 10.2% on year (FXstreet.com)
Weekly Focus - Focus shifting back to growth by Danske Bank A/S
Friday Notes - US economy on federal life support by HVB Group
The Trading Week - The Trading Week: Aug. 10 − Aug. 15 by AllThingsForex
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 11 | 08:30 | Goods Trade Balance | -£7.7B | -£7.4B | -£7.4B |
| Aug 11 | 08:30 | Total Trade Balance | -4.4B | -4.2B | -4.1B |
DATA SNAP: UK June Goods Trade Deficit Wider Than Expected (Dow Jones)
The U.K.'s global goods deficit widened more than expected to GBP7.7 billion in June, from a revised GBP7.4 billion in May, data from the Office for National Statistics showed Monday.
[ Full Story ]- Read the Trade Balance data at National Statistics
- UPDATE: UK June Goods Trade Deficit Wider Than Expected (Dow Jones)
- UK Trade balance increases its deficit in June (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 11 | 08:30 | UK | Goods Trade Balance (Jun) | £-7.7B | -£7.4B | -£7.4B |
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (Jul) | -0.6% | 1.0% | 2.1% | |
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Jul) | 30.1% | 29.8% | 30.0% | |
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Jul) | 0.4% | 0.5% | 0.9% | |
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (Jul) | 10.2% | 10.3% | 10.0% | |
| 08:30 | UK | Total Trade Balance (Jun) | -4.4B | -4.2B | -4.1B |
|
| 12:15 | CA | Housing Starts s.a (YoY) (Jul) | 210.0K | 217.8K | ||
| 12:30 | CA | New Housing Price Index (YoY) (Jun) | 4.1% | |||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Jul) | 0.4% | |||
| 23:01 | UK | RICS House Price Balance (Jul) | -90% | -88% | ||