Monday, Aug 18, 11:02 GMT
U.S. Trading Newsletter
Forex Blogs
Recommended Readings
Chartology for Next Week: A Few Set Ups to Watch Monday by Raghee Horner
The dollar−yen is heading higher on the 240 as the market cycle is still in an uptrend. With 111.00 ahead there is an opportunity to play a breakout but since this is a trending market, I'd much rather get long on a correction than a breakout.
1st on Forex: Week Ahead for August 17 − 22 Calendar by Jerry Furst
FX Market Readings: What the week end moves indicate? by Dr. S. Sivaraman
Live Sessions Schedule
Mid−Year Review
Expert: Adam Rosen
Start: Mon, Aug 18, 13:00 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 18, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 18, 13:00 GMT | Mid−Year Review | Adam Rosen | WBN |  |
| Mon, Aug 18, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Aug 18, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN | |
| Mon, Aug 18, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe − U.S.
USD/JPY
Daily Forex News − Forex − Dollar posted 5−week gains against Euro by ACM − Advanced Currency Markets
USD/JPY. Last 3−weeks recovery pushed the market up to 110.67 high last week. Further advance would open the way toward 111.92 early January high. On the downside, a return below 108.59 former resistance will undermine the current advance. Profit taking might bring back down to 105 level and may open the way toward 102.73 support and 100 pivot point. Initial support holds 108.37 last week low.
- 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 Analysis on Majors − forex forecast on eur / usd / gbp / chf / jpy by Forex Ltd
Latest Report
Hedging Range Trades − Hedging Euro Strengh Against the Lira Creates Entry To Yield−Driven Trend by FXCM
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Back around pivot level 1.4718
08/18/2008 10:52 GMT - GBP/USD
- Trades below first resistant level 1.8712
08/18/2008 10:53 GMT - USD/CHF
- Trades below pivot level 1.0968
08/18/2008 10:53 GMT - USD/JPY
- Continues to trade around pivot level 110.26
08/18/2008 10:54 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 NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 18 | 17:00 | NAHB Housing Market Index | 16 | 16 |
Friday Notes - NAHB housing market index: Gloomy days for home builders by HVB Group
The home builders who contribute to this useful survey read the newspapers and are not impressed by headlines that proclaim the "worst is over" for housing. On the contrary, they see nothing but stagnant demand, excessive inventories of unsold houses, and growing difficulties in the whole housing finance sector.
[ Full Story ]Top Market Movers Review
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 18 | 09:00 | Trade Balance n.s.a. | -€0.1B | €1.2B | -€4.6B |
| Aug 18 | 09:00 | Trade Balance s.a. | -€3.0B | €1.0B | -€1.5B |
DATA SNAP: Euro−Zone Jun Trade Balance Weaker Than Expected (Dow Jones)
The euro zone recorded a foreign trade deficit in June, defying market expectations for a surplus as import growth outstripped the increase in exports. The 15 countries that share the euro recorded a trade deficit of EUR0.1 billion with the rest of the world in June.
[ Full Story ]- Read the Trade Balance data at Eurostat
- UPDATE: Euro−Zone Jun Trade Balance Weaker Than Expected (Dow Jones)
- Euro zone June trade deficit 0.1 bln euros vs revised 3.9 bln May deficit (Thomson Financial News)
- EU Jun Trade Deficit EUR0.1B n.s.a. (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 17 | 23:01 | UK | Rightmove House Price Index (MoM) (Aug) | -2.3% | -1.8% | |
| 23:01 | UK | Rightmove House Price Index (YoY) (Aug) | -4.8% | -2.0% | ||
| Aug 18 | 07:15 | CH | Adjusted Real Retail Sales (YoY) (Jun) | 0.7% | 3.2% | 7.4% |
| 09:00 | EMU | Trade Balance n.s.a. (Jun) | €-0.1B | €1.2B | -€4.6B | |
| 09:00 | EMU | Trade Balance s.a. (Jun) | €-3.0B | €1.0B | -€1.5B | |
| 12:30 | CA | Canadian Investment in Foreign Securities (Jun) | -$6.093 | |||
| 12:30 | CA | Foreign investment in Canadian securities (Jun) | $5.500B | $10.717M | ||
| 17:00 | US | NAHB Housing Market Index (Aug) | 16 | 16 | ||
| 22:45 | NZ | Producer Price Index − Input (QoQ) (2Q) | 2.6% | 2.3% | ||
| 22:45 | NZ | Producer Price Index − Output (QoQ) (2Q) | 2.1% | 1.8% | ||