Tuesday, Aug 19, 11:09 GMT
U.S. Trading Newsletter
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Forex Blogs
Recommended Readings
FX Market Readings: Handling YEN crosses by Dr. S. Sivaraman
Big players are still making lower level consolidation in EURO and GBP and also dipping USD/YEN to drop YEN crosses. They want to test the patience of the traders and intend to induce them to turn short in EURO and GBP and also liquidate the lower level longs positions.
FX Path: GBP/JPY Update by James Chen
FxBootcamp: Forex Video − News Trade Alert − August 19, 2008 by Wayne McDonell
Live Sessions Schedule
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Aug 19, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Aug 19, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 19, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Aug 19, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN |  |
| Tue, Aug 19, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Aug 19, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Trading Forecast − USD Consolidates Higher Levels by Swiss e Trade AG
EUR / USD: Currently the EUR / USD is trading at 1.4665 and in an upmove that could last until the 1.4690 resistance level is tested. We expect this point to hold, where renewed selling could set in down to today's support zone at 1.4630.
- 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 Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades around first support level 1.4654
08/19/2008 09:56 GMT - GBP/USD
- Trades around second support level 1.8571
08/19/2008 09:56 GMT - USD/CHF
- Moves down back around opening price level 1.0974 , above pivot level 1.0963
08/19/2008 09:57 GMT - USD/JPY
- Moves down around first support level 109.86
08/19/2008 09:57 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 HOUSING STARTS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 19 | 12:30 | Building Permits (MoM) | 0.970M | 1.091M |
| Aug 19 | 12:30 | Housing Starts (YoY) | 0.960M | 1.066M |
Daily Forex Technical Report − Focus on German ZEW and US Housing by ActionForex.com
Focus in the US session will be on new residential construction data and PPI inflation from US. Jul's strong rebound of 9.1% from 977k in housing starts was a surprise.
[ Full Story ]Weekly Forex Market Commentary - Tuesday will see the more important data on the housing starts and the PPI reports for July by Global Forex Trading
Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 19 | 09:00 | ZEW Survey − Economic Sentiment | -55.7 | -65.5 | -63.7 |
| Aug 19 | 09:00 | ZEW Survey − Economic Sentiment | -55.5 | -62.0 | -63.9 |
DATA SNAP: German ZEW Econ Expectations Improve In August (Dow Jones)
Sentiment among German financial analysts and institutional investors improved in August on declining oil prices and a weaker euro, a survey from the Center for European Economic Research, or ZEW showed Tuesday.
[ Full Story ]- Read the Economic Sentiment Survey at ZEW
- 2nd UPDATE: German ZEW Econ Expectations Improve In August (Dow Jones)
- UPDATE: German ZEW Econ Expectations Improve In August (Dow Jones)
- German ZEW August economic expectations index −55.5 pts vs −63.9 in July UPDATE (Thomson Financial News)
Daily Forex Technical Report − Focus on German ZEW and US Housing by ActionForex.com
Daily Forex Commentary - ZEW Economic Sentiment by Jyske Bank
EMU economic indicators - German ZEW economic sentiment (August): down again, but not as sharply as in July by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 19 | 04:00 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% |
| 06:00 | DE | Producer Price Index (MoM) (Jul) | 2.0% | 0.7% | 0.9% | |
| 06:00 | DE | Producer Price Index (YoY) (Jul) | 8.9% | 7.5% | 6.7% | |
| 07:20 | JP | BoJ's Governor Shirakawa Speech | ||||
| 09:00 | DE | ZEW Survey − Economic Sentiment (Jul) | -55.5 | -62.0 | -63.9 | |
| 09:00 | EMU | ZEW Survey − Economic Sentiment (Jul) | -55.7 | -65.5 | -63.7 | |
| 12:30 | US | Building Permits (MoM) (Jul) | 0.970M | 1.091M | ||
| 12:30 | US | Housing Starts (YoY) (Jul) | 0.960M | 1.066M | ||
| 12:30 | US | Producer Price Index (MoM) (Jul) | 0.5% | 1.8% | ||
| 12:30 | US | Producer Price Index (YoY) (Jul) | 9.3% | 9.2% | ||