Friday, Aug 15, 11:12 GMT
U.S. Trading Newsletter
Forex Blogs
Recommended Readings
The Disciplined Trader: A Noticeable Change in Psychological Sentiment on the EURUSD by Pierre Charlebois
How can we go form such a dramatic move, almost historic in fact to now just moving in a narrow range, trading only a fraction of the amount of just a few days ago.
FX Path: EUR/USD Update by James Chen
The Advisor Blog: Majors for today by Valeria Bednarik
Live Sessions Schedule
Finding the True Trend in the 4x−Market
Expert: Adam Rosen
Start: Fri, Aug 15, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 15, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Fri, Aug 15, 12:00 GMT | Finding the True Trend in the 4x−Market | Adam Rosen | WBN |  |
| Mon, Aug 18, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
| Mon, Aug 18, 13:00 GMT | Mid−Year Review | Adam Rosen | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Forex Technical Report − Dollar Extends Rally on Another Around of Commodity Decline by ActionForex.com
Dollar's rally extends further on the back of another round of decline in commodity prices with spot gold breaking $800 level and crude oil back pressing this week's low of $112.3 level. EUR/USD extends decline to as low as 1.4752 and GBP/USD dives through 1.86 level. Though, Aussie is still holding above this week's low of 0.8591 for the moment, partly supported by the rebound in Kiwi. One thing to note is the mixed outlook in the Japanese yen. USD/JPY is now back pressing 110.40 high while other yen crosses remains pressured, which suggests that there were switching of yen funded carry trades to into dollar based assets and such trend might continue for a while.
- 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:
Today's Technical Trading Points by Danske Bank A/S
Strategy Report
Daily Trading Forecast − Dollar Ready to Take Another Hurdle by Swiss e Trade AG
Majors at a Glance
- EUR/USD
- Continues to move down towards second support level 1.4678
08/15/2008 09:55 GMT - GBP/USD
- Continues to move down below second support level 1.8532
08/15/2008 09:56 GMT - USD/CHF
- Trades around first resistant level 1.0992
08/15/2008 09:56 GMT - USD/JPY
- Continues to move up above second resistant level 110.55
08/15/2008 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 INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Aug 15 | 13:15 | Capacity Utilization | 79.8% | 79.9% |
| Aug 15 | 13:15 | Industrial Production (MoM) | 0.0% | 0.5% |
US economic indicators - Industrial production (July): slower than June by BHF−Bank
Industrial production rose by 0.5% mom in June, due to a rebound in car production in the aftermath of the strikes and warmer temperatures boosting utility output.
[ Full Story ]Top Market Movers Review
New Zealand RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 14 | 22:45 | Retail Sales ex Autos (MoM) | 0.0% | - | 0.5% |
| Aug 14 | 22:45 | Retail Sales (MoM) | 0.9% | - | -0.1% |
UPDATE 1−NZ retail sales fall at record pace in Q2 (Thomson Financial News)
New Zealand retail sales fell at a record pace in the second quarter, led by lower car and grocery store sales, backing views the economy is in recession and interest rates will fall further. Sales volumes, which strip out price impacts, dropped a seasonally adjusted 1.5 percent in the June quarter after a 1.2 percent drop in the previous quarter, according to official data on Friday.
[ Full Story ]- Read the Retail Sales report at Statistics New Zealand
- NZ dollar steady after retail data, bonds flat (Thomson Financial News)
- UPDATE 2−NZ retail sales fall in Q2, fuel recession fears (Thomson Financial News)
- INSTANT VIEW−NZ Q2 retail sales fall, back rate cut view (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 14 | 12:30 | US | Consumer Price Index (YoY) (Jul) | 5.6% | 5.2% | 5.0% |
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Jul) | 0.3% | 0.2% | 0.3% | |
| 22:45 | NZ | Retail Sales (MoM) (Jun) | 0.9% | -0.1% | ||
| 22:45 | NZ | Retail Sales ex Autos (MoM) (Jun) | 0.0% | 0.5% | ||
| Aug 15 | 00:00 | EMU | The Assumption Holiday | |||
| 12:30 | CA | Manufacturing Shipments (MoM) (Jun) | 1.0% | 2.7% | ||
| 12:30 | CA | New Motor Vehicle Sales (MoM) (Jun) | 0.0% | 1.1% | ||
| 12:30 | US | NY Empire State Manufacturing Index (Aug) | -4.40 | -4.92 | ||
| 13:00 | US | Net Long−term TIC Flows (Jun) | $67B | |||
| 13:00 | US | Total Net TIC Flows (Jul) | -2.5B | |||