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U.S. Trading Newsletter
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Forex Blogs
Recommended Readings
The Advisor Blog: Euro zone contracting by Valeria Bednarik
As expected, the fundamentals were quite negative for the euro zone, as the economy shrank in the second quarter, for the first time since 1995; not much of a surprise at this time.
Trade Setups: Forex Video − Set ups 14 Aug '08 − Analysis by Phil Newton
FX Path: EUR/USD Update by James Chen
Live Sessions Schedule
Tracking the forex market together / Part II − Free Access Day
Expert: Dr.S.Sivaraman
Start: Thu, Aug 14, 13:00 GMT
Type of Session: Webinar
Looking for trade confirmation − Free Access Day
Expert: Adam Rosen
Start: Thu, Aug 14, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 14, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Aug 14, 12:00 GMT | Trading with channels − Free Access Day | Valeria Bednarik | WBN |  |
| Thu, Aug 14, 13:00 GMT | Tracking the forex market together / Part II − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Aug 14, 14:00 GMT | Looking for trade confirmation − Free Access Day | Adam Rosen | WBN | |
Current Session: Europe − U.S.
USD/CHF
Daily Trading Forecast − Greenback Shows Remarkable Stamina by Swiss e Trade AG
The dollar is still caught in its trading range on higher levels between 1.0820 and 1.0950 against the Swiss franc. Eventually, a break of 1.0950 and then through the important 1.1000 handle is likely, but we do not expect that to happen today. Currently trading at 1.0879 and trading higher, the 1.0950 level will only be tested.
- 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 FX Report − Central Bank of Australia fears inflation by Varengold Wertpapierhandelsbank AG
Bank's Report
Technical Analysis: Currencies − AUD by Mizuho Corporate Bank
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Stays around pivot level 1.4913
08/14/2008 09:53 GMT - GBP/USD
- Continues to trade around opening price level 1.8703 , below pivot level 1.8791
08/14/2008 09:53 GMT - USD/CHF
- Continues to trade around pivot level 1.0866
08/14/2008 09:54 GMT - USD/JPY
- Stays around opening price level 109.50 , above pivot level 109.21
08/14/2008 09:54 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 14 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.4% | 2.4% |
| Aug 14 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.3% |
| Aug 14 | 12:30 | Consumer Price Index (YoY) | 5.2% | 5.0% |
| Aug 14 | 12:30 | Consumer Price Index (MoM) | 0.4% | 1.1% |
Daily Market Briefing - Will Inflation Data Revive the Greenback? by FXCM
US CPI will hit the wires at 8:30 EDT and could shake up interest rate expectations if the data misses expectations by a large margin.
[ Full Story ]Daily Forex Technical Report − Focus on Eurozone GDP and US CPI by ActionForex.com
Top Market Movers Review
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 14 | 09:00 | Gross Domestic Product s.a. (QoQ) | -0.2% | -0.2% | 0.7% |
| Aug 14 | 09:00 | Gross Domestic Product s.a. (YoY) | 1.5% | 1.5% | 2.1% |
Euro zone provisional Q2 GDP down 0.2 pct from Q1 (Thomson Financial News)
Euro zone GDP fell a provisional 0.2 percent in the second quarter from the first quarter, and was up 1.5 percent year−on−year, EU statistics office Eurostat said.
[ Full Story ]- Read the GDP data at Eurostat
- UPDATE: Euro−Zone Econ Contracts For First Time On Record (Dow Jones)
- EU GDP Fell 0.2% in 2Q; rose 1.5% YoY (FXstreet.com)
Daily Analysis - Europe's economy probably shrank as exports weakened by Finotec Group Inc.
Forex Analysis on Majors - GDP with CPI have supported euro today by Forex Ltd
Daily Forex Technical Report − Focus on Eurozone GDP and US CPI by ActionForex.com
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 14 | 09:00 | Consumer Price Index (YoY) | 4.0% | 4.1% | 4.0% |
| Aug 14 | 09:00 | Consumer Price Index (MoM) | -0.2% | -0.1% | 0.4% |
| Aug 14 | 09:00 | Consumer Price Index − Core (YoY) | 1.7% | 1.8% | 1.8% |
Euro zone July HICP up 4.0 pct yr−on−yr vs 4.1 provisional (Thomson Financial News)
The euro zone's harmonised index of consumer prices rose a final 4.0 percent year−on−year in July, revised down from a provisional estimate of a rise of 4.1 percent, EU statistics office Eurostat said.
[ Full Story ]- Read the CPI data at Eurostat
- UPDATE: Euro−Zone CPI Revised Down To 4.0% On Yr In July (Dow Jones)
- EU Annual prices rose 4.0% in July (FXstreet.com)
- EU Jul CPI monthly decresed 0.2%, more than expected (FXstreet.com)
Forex Analysis on Majors - GDP with CPI have supported euro today by Forex Ltd
EMU economic indicators - HICP inflation in the euro area (July):likely to be confirmed at 4.1% yoy by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 14 | 08:00 | NO | Interest Rate Decision | 5.75% | 5.75% | |
| 09:00 | EMU | Consumer Price Index − Core (YoY) (2Q) | 1.7% | 1.8% | 1.8% | |
| 09:00 | EMU | Consumer Price Index (MoM) (Jul) | -0.2% | -0.1% | 0.4% | |
| 09:00 | EMU | Consumer Price Index (YoY) (Jul) | 4.0% | 4.1% | 4.0% | |
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (2Q)  | -0.2% | -0.2% | 0.7% | |
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (2Q) | 1.5% | 1.5% | 2.1% | |
| 12:30 | US | Consumer Price Index (MoM) (Jul) | 0.4% | 1.1% | ||
| 12:30 | US | Consumer Price Index (YoY) (Jul) | 5.2% | 5.0% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Jul) | 0.2% | 0.3% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Jul) | 2.4% | 2.4% | ||