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U.S. Trading Newsletter
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Forex Blogs
Recommended Readings
The Disciplined Trader: Trading as a Business – How to make money on the Markets by Pierre Charlebois
I've written about this in the past and will continue to write about it in the future as I believe it is the most important piece for most traders to understand. First of all; here a few questions to ask yourself (...)
The Advisor Blog: Some technical for today by Valeria Bednarik
Trade Setups: Forex Video − Set ups 20 Aug '08 − Analysis by Phil Newton
Live Sessions Schedule
Main Fundamental theme in the Currency market
Expert: Terri Belkas
Start: Wed, Aug 20, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Speculation Bubble in the Euro?
Expert: Joseph Trevisani
Start: Wed, Aug 20, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 20, 13:00 GMT | Main Fundamental theme in the Currency market | Terri Belkas | WBN | |
| Wed, Aug 20, 14:00 GMT | Carry Trade Revisted  | Adam Rosen | WBN |  |
| Wed, Aug 20, 15:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
| Wed, Aug 20, 16:00 GMT | Speculation Bubble in the Euro? | Joseph Trevisani | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Analysis − Dollar steady as commodities strengthen by Finotec Group Inc.
The dollar saw stability on Wednesday but was off its recent highs as concerns about the US economy and lifting commodity prices took hold. The Dollar failed to extend gains against the Euro on growing sentiment that the ECB will cut interest rates. It was slightly lower at $1.4764 slightly off its 6 month low of 1.4730 on Tuesday. The Dollar is faring well because there is still concern over economic growth in other countries. The Fed is expected to keep rates unchanged while other central banks are likely to lower interest rates to strengthen their economies.
- 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 Trading Forecast − Cruising in Quiet Waters by Swiss e Trade AG
Bank's Report
FX Technical Strategy − Cautious dollar strength by Lloyds TSB Financial Markets
Strategy Report
Picking Tops and Bottoms − AUDUSD Bearish Triangle Opportunity by FXCM
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves down below pivot level 1.4732
08/20/2008 09:49 GMT - GBP/USD
- Continues to move down below first support level 1.8576
08/20/2008 09:50 GMT - USD/CHF
- Continues to move up towards first resistant level 1.1001
08/20/2008 09:50 GMT - USD/JPY
- Continues to move above first resistant level 110.17
08/20/2008 09:51 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
Canada RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 20 | 12:30 | Retail Sales ex Autos (MoM) | 0.5% | 0.4% |
| Aug 20 | 12:30 | Retail Sales (MoM) | 0.5% | 0.4% |
Daily Forex Technical Report − Focus on BoE Minutes and Canadian Retail Sales by ActionForex.com
Another focus today will be Canadian retail sales which is expected to show 0.4% growth in Jun, with ex−auto sales climbing 0.6%. USD/CAD is so far still bounded in consolidation that started at 1.0727 and will need a surprise today to trigger a breakout.
[ Full Story ]Top Market Movers Review
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 20 | 08:30 | Bank of England Minutes | - | - | - |
BOE Minutes: MPC Considered Cutting, Hiking At August Meeting (Dow Jones)
The Bank of England's Monetary Policy Committee voted 7−2 to keep the bank rate at 5.0% in August, with one member voting for a rise and one for a cut, the minutes of the meeting, released Wednesday, showed.
[ Full Story ]- Read the full Minutes at BoE
- BoE MPC split three ways for second month running at Aug 7 meeting (Thomson Financial News)
Daily Forex Technical Report − Focus on BoE Minutes and Canadian Retail Sales by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 20 | 08:30 | UK | Bank of England Minutes | |||
| 08:30 | UK | CML Gross Mortgage Lending s.a. | £24.8B | £23.6B | ||
| 08:30 | UK | M4 Money Supply (MoM) (Jul) | 0.9% | 0.5% | 1.8% | |
| 08:30 | UK | M4 Money Supply (YoY) (Jul) | 11.2% | 10.7% | 11.4% | |
| 08:30 | UK | Public Sector Net Borrowing | £-4.8B | -£4.6B | £9.2B | |
| 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Aug) | -13 | -12 | -8 | |
| 12:30 | CA | Leading Indicators (MoM) (Jul) | 0.1% | 0.0% | ||
| 12:30 | CA | Retail Sales (MoM) (Jun) | 0.5% | 0.4% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Jun) | 0.5% | 0.4% | ||
| 14:30 | US | EIA Crude Oil Stocks change (Aug 16) | -0.4M | |||