Wednesday, Aug 13, 11:09 GMT
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Forex Blogs
Recommended Readings
FX Path: USD/JPY Alert by James Chen
As of Tuesday evening (New York time) and towards the beginning of Asian session, price on the USD/JPY (a daily chart of which is shown) has dropped substantially.
FX Market Readings: Extended stop hunt in GBP for all to rise big by Dr. S. Sivaraman
Trade Setups: Forex Video − Set ups 13 Aug '08 − Analysis by Phil Newton
Live Sessions Schedule
Profiting from Fear and Greed by trading against the crowd
Expert: David Rodríguez
Start: Wed, Aug 13, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Longer−term Support and Resistance Trading: Setups and Rules
Expert: Rob Booker
Start: Wed, Aug 13, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 13, 13:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN | |
| Wed, Aug 13, 14:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN |  |
| Wed, Aug 13, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
| Wed, Aug 13, 16:00 GMT | Forex Chart Patterns That Can Lead To Big Moves | Sam Seiden | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Forex News − Forex − Dollar demand waned on Tuesday after US trade deficit unexpectedly shrank in June by ACM − Advanced Currency Markets
EurUsd Market dropped to 1.4816 low on Tuesday following Friday break below 1.5304 former strong support from 13th June. Further weakness below 1.5000 will put the focus on 1.4779 26th February low. Strong support holds 1.4685 22nd January low. On the upside, only a return over 1.5500 will release actual pressure and put key initial resistance 1.6000 into focus. A break up there would open the way to Trendline resistance 1.6200.
- 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 Analysis − The ECB may keep the interest rate at 4.25% for a year by Finotec Group Inc.
Bank's Report
Today's Technical Trading Points by Danske Bank A/S
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Analysts' Blog
USD/JPY Alert by James Chen, Chief Technical Analyst, at FX Solutions
Majors at a Glance
- EUR/USD
- Trades around opening price level 1.4925 , above pivot level 1.4901
08/13/2008 09:55 GMT - GBP/USD
- Trades around opening price level 1.8965 , below pivot level 1.9012
08/13/2008 09:55 GMT - USD/CHF
- Moves down towards first support level 1.0822
08/13/2008 09:55 GMT - USD/JPY
- Moves down below second support level 108.52
08/13/2008 09:55 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 13 | 12:30 | Retail Sales ex Autos (MoM) | 0.5% | 0.8% |
| Aug 13 | 12:30 | Retail Sales (MoM) | 0.1% | 0.1% |
Daily Forex Technical Report − Yen Crosses Dominate, Dollar Consolidates ahead of Retail Sales by ActionForex.com
Focus turns to Jul retail sales which is expected to drop −0.1% mom in Jul, with ex auto sales grew 0.5%. Import prices and business inventories will also be featured.
[ Full Story ]- Tatsuya Kawanishi, advisor at FXstreet.com: "Retail sales" is a significant indicator to observe U.S. consumer sentiment and the most important event of this week. The event would generate excessive volatility for the USD against the other majors. A better−than−expected result is considered as positive for the USD, while a less−than−expected result woudl drag down the USD." − FXstreet.com
Daily Market Briefing - US Dollar Rally Stalls on Dovish Fed Commentary, Ahead of Advance Retail Sales by FXCM
Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 13 | 09:00 | Industrial Production s.a. (MoM) | 0.0% | 0.1% | -1.8% |
| Aug 13 | 09:00 | Industrial Production w.d.a. (YoY) | -0.5% | 0.2% | -0.4% |
DATA SNAP: Euro−Zone Indus Output Weaker Than Seen In June (Dow Jones)
Industrial output in the 15 countries that share the single currency was weaker than expected in June, probably a sign that slowing demand is hitting euro−zone exports.
[ Full Story ]- Read the Industrial Production data at Eurostat
- Euro zone June industrial output unchanged vs May, down 0.5 pct year−on−year (Thomson Financial News)
- EU Jun Industrial Production Fell 0.5% YoY (FXstreet.com)
- ECB Bini Smaghi: Euro−Zone Slowdown Sharper Than Seen − Paper (Dow Jones)
EMU economic indicators - EMU industrial production (June): more or less unchanged by BHF−Bank
UK ILO UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 13 | 08:30 | ILO Unemployment Rate | 5.4% | 5.3% | 5.2% |
| Aug 13 | 08:30 | Jobless Claims Change | 20.1 | 17.0K | 15.0K |
| Aug 13 | 08:30 | Claimant Count Rate | 2.7% | 2.6% | 2.6% |
DATA SNAP: UK Jobless Count Posts Biggest Rise Since 1992 (Dow Jones)
The U.K.'s claimant count jobless figure posted its biggest increase for 15−1/2 years in July as the economic slowdown weighed on the labor market, data from the Office for National Statistics showed Wednesday.
[ Full Story ]- Read the Labour Market data at National Statistics
- UK July claimant count up 20,100, biggest rise in over 15 years (Thomson Financial News)
- UK Jul Jobless Claims rose 20K, bigest since 1992 (FXstreet.com)
- UK Jun ILO Unemployment Rate up to 5.4% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 13 | 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Jun) | 3.7% | 3.7% | 3.8% |
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Jun) | 3.4% | 3.6% | 3.8% | |
| 09:00 | EMU | Industrial Production s.a. (MoM) (Jun) | 0.0% | 0.1% | -1.8% |
|
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Jun) | -0.5% | 0.2% | -0.4% |
|
| 09:30 | UK | BoE Inflation Letter | ||||
| 11:00 | US | MBA Mortgage Applications (Aug 8) | -1.5% | 2.8% | ||
| 12:30 | US | Import Price Index (MoM) (Jul) | 1.0% | 2.6% | ||
| 12:30 | US | Import Price Index (YoY) (Jul) | 20.9% | 20.5% | ||
| 12:30 | US | Retail Sales (MoM) (Jul)  | 0.1% | 0.1% | ||
| 12:30 | US | Retail Sales ex Autos (MoM) (Jul) | 0.5% | 0.8% | ||