Tuesday, Aug 12, 11:05 GMT
U.S. Trading Newsletter
Forex Blogs
Recommended Readings
FX Market Readings: Lower level consolidation with downward stop hunt ... by Dr. S. Sivaraman
Market is making slowl up and down moves − the lower level consolidation with downward stop hunts are happening and may appear that EURO and GBP might breach all the lower levels deeper and deeper.
The Advisor Blog: Majors for today by Valeria Bednarik
1st on Forex: No News Is Good News For Euro by Jerry Furst
Live Sessions Schedule
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Aug 12, 12:30 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Aug 12, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 12, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN |  |
| Tue, Aug 12, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Aug 12, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Aug 13, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast − Dollar to Test Critical 1.4850 Euro Level by Swiss e Trade AG
After testing the all−important 1.4850 long−term support level, the EUR / USD reacted upwards in late Asian and early European trading. Currently trading at 1.4890, we see resistance at 1.5940 being attacked, but not broken today. Later, the 1.4850 level on the downside will most probably be tested again.
- 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:
Daily Technical Strategist − EURUSD: EUR Seen Trading Below The 1.4967/51 Levels by FXTechstrategy
Bank Report
Weekly Economic Letter − Weekly Economic Letter by National Bank of Canada
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Analysts' Blog
Bearish Butterfly on the Aud/Nzd by by Sunil Mangwani, CEO at FibForex123
Majors at a Glance
- EUR/USD
- Moves down below first support level 1.4832
08/12/2008 09:56 GMT - GBP/USD
- Moves down below first support level 1.9032
08/12/2008 09:56 GMT - USD/CHF
- Moves up above first resistant level 1.0913
08/12/2008 09:56 GMT - USD/JPY
- Trades above pivot level 110.00
08/12/2008 09:56 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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Aug 12 | 12:30 | Trade Balance | -$61.50 | -$59.79B |
US economic indicators - Trade deficit (June): noticeably wider due to surge in petroleum prices by BHF−Bank
The trade deficit fell in May, especially in real terms. As the graph shows, real net exports contributed 2.4 points to GDP growth in the 2nd quarter, and about 83 per cent of GDP growth over the last 4 quarters can be attributed to the shrinking real trade deficit, due to robust global and weak domestic demand.
[ Full Story ]Forex Trading Strategies - US and Canadian trade data up today by Saxo Bank
Weekly Economic and Financial Commentary - Capital Spending: Modest Growth in June by Wachovia
Top Market Movers Review
UK CORE CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 12 | 08:30 | Consumer Price Index (MoM) | 0.0% | -0.2% | 0.7% |
| Aug 12 | 08:30 | Consumer Price Index (YoY) | 4.4% | 4.2% | 3.8% |
| Aug 12 | 08:30 | Core Consumer Price Index (YoY) | 1.9% | 1.7% | 1.6% |
DATA SNAP: UK July CPI +4.4%; More Than Double BOE Target (Dow Jones)
U.K. consumer price inflation marked a fresh 16−year high in July, sharply accelerating to more than twice the Bank of England's inflation target, data from the Office for National Statistics showed Tuesday.
[ Full Story ]- Read the CPI data at National Statistics
- DATAWATCH BoE rate cut prospects diminish as inflation rises again (Thomson Financial News)
- Forex − Pound rises as UK inflation spikes higher, but gains prove short−lived (Thomson Financial News)
- UPDATE: UK July CPI +4.4% YY; More Than Double BOE Target (Dow Jones)
Daily Forex Technical Report − Dollar Extends Rally, Pound Looks into CPI by ActionForex.com
Economics Weekly - Focus on BoE Inflation report and CPI inflation in UK & US by Lloyds TSB Financial Markets
Friday Notes - Inflation accelerates as food & energy costs rise by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 12 | 08:30 | UK | CML Gross Mortgage Lending s.a. | £23.6B | £24.5B |
|
| 08:30 | UK | Consumer Price Index (MoM) (Jul) | 0.0% | -0.2% | 0.7% | |
| 08:30 | UK | Consumer Price Index (YoY) (Jul) | 4.4% | 4.2% | 3.8% | |
| 08:30 | UK | Core Consumer Price Index (YoY) (Jul) | 1.9% | 1.7% | 1.6% | |
| 08:30 | UK | Retail Price Index (MoM) (Jul) | -0.1% | -0.3% | 0.8% | |
| 08:30 | UK | Retail Price Index (YoY) (Jul) | 5.0% | 4.9% | 4.6% | |
| 12:30 | CA | International Merchandise Trade (Jun) | $5.80B | $5.54B | ||
| 12:30 | US | Trade Balance (Jun) | -$61.50 | -$59.79B | ||
| 18:00 | US | Monthly Budget Statement (Jul) | -82.70 | 50.73 | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Aug 10) | -49 | |||