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Forex Blogs
Recommended Readings
The Advisor Blog: The Usd/Jpy by Valeria Bednarik
The Japanese Yen recovered strongly in the Asian session, turning the pair bearish: under actual minimum, 108.60 next support will be the strong congestion zone around 108.25/35, that should offer rebound before getting broken.
FX Path: EUR/USD Alert by James Chen
FX Market Readings: EURO and GBP are expected to swing and firm up by Dr. S. Sivaraman
Live Sessions Schedule
How Other Markets Guide Exchange Rates
Expert: Sam Seiden
Start: Thu, Aug 21, 14:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Aug 21, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 21, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Aug 21, 13:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN |  |
| Thu, Aug 21, 14:00 GMT | How Other Markets Guide Exchange Rates | Sam Seiden | WBN | |
| Thu, Aug 21, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Forex News − Forex − Market is looking for Euro−zone and Britain for more evidence of slowing growth by ACM − Advanced Currency Markets
EurUsd Market dropped as low as 1.4631 on Tuesday, new initial support. Further weakness will put the focus on strong support 1.4366 22nd January low. On the upside, only a return over 1.5000 and 1.5500 will release actual pressure and put key initial resistance 1.6000 into focus. Still a break up there would open the way to Trendline resistance 1.6200.
- 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 − Australia on the verge of a sharp economic recession by Varengold Wertpapierhandelsbank AG
Bank's Report
Forex Trading Strategies − Asian Equity Rally Fizzles Away, Keeping the Carry Trades in Check by Saxo Bank
Strategy Report
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
- Moves down back around pivot level 1.4741
08/21/2008 10:57 GMT - GBP/USD
- Moves down back above pivot level 1.8614
08/21/2008 10:57 GMT - USD/CHF
- Moves up back below pivot level 1.0974
08/21/2008 10:58 GMT - USD/JPY
- Trades below third support level 108.90
08/21/2008 10:58 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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 21 | 14:00 | Leading Indicators (MoM) | -0.2% | -0.1% |
US economic indicators - Leading indicators (July): a more marked decline than in June by BHF−Bank
The Conference Board's leading indicators went down by 0.1% mom in June – the eighth decline in the last twelve months. We expect a more marked decrease of 0.3% mom in July.
[ Full Story ]Top Market Movers Review
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 21 | 08:30 | Retail Sales (YoY) | 2.1% | 1.8% | 2.2% |
| Aug 21 | 08:30 | Retail Sales (MoM) | 0.8% | -0.3% | -3.9% |
DATA SNAP:UK Jul Retail Sales Higher Than Expected; +2.1% YY (Dow Jones)
U.K. retail sales rose more than expected in July, in an encouraging sign that consumer sentiment may not have been battered as badly as thought by the credit crunch and economic uncertainty.
[ Full Story ]- 2nd UPDATE:UK July Retail Sales Higher Than Expected;+2.1%YY (Dow Jones)
- BRC Urges UK Government To Help Reduce Retailers' Price Pressures (Dow Jones)
- UPDATE 1−UK retail sales post surprise rise in July (Thomson Financial News)
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 21 | 08:00 | Purchasing Manager Index Manufacturing | 47.5 | 47.0 | 47.4 |
| Aug 21 | 08:00 | Purchasing Manager Index Services | 48.2 | 48.0 | 48.3 |
Euro Zone Aug Composite PMI 48.0 Vs 47.8 In Jul − Sources (Dow Jones)
Private sector activity in the euro zone continued to contract Thursday, although not as rapidly as economists had expected.
[ Full Story ]- NTC Economics homepage
- CORRECT: Euro−Zone Aug PMIs Show Contraction, Peaking Prices (Dow Jones)
- EU Aug Services PMI decreases to 48.2; Mfg PMI at 47.5 (FXstreet.com)
Daily Forex Commentary - Eurozone PMIs by Jyske Bank
EMU economic indicators - RBS PMI manufacturing indices Germany and EMU (August): down, but less steeply than in July by BHF−Bank
Germany PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 21 | 07:30 | Purchasing Manager Index Manufacturing | 49.9 | 50.5 | 50.9 |
| Aug 21 | 07:30 | Purchasing Manager Index Services | 50.6 | 50.1 | 53.1 |
German August Mfg PMI 49.9 Vs 50.9 In July − Sources (Dow Jones)
The German manufacturing sector contracted for the first time in three years in August, while activity in the services sector was weaker than expected.
[ Full Story ]- NTC Economics homepage
- UPDATE: German August Mfg PMI 49.9 Vs 50.9 In July (Dow Jones)
- German August provisional services PMI 50.6; consensus 51.4 − sources (Thomson Financial News)
- German August provisional manufacturing PMI 49.9; consensus 52.8 − sources (Thomson Financial News)
Daily Forex Commentary - Eurozone PMIs by Jyske Bank
EMU economic indicators - RBS PMI manufacturing indices Germany and EMU (August): down, but less steeply than in July by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 21 | 08:30 | UK | Retail Sales (YoY) (Jul) | 2.1% | 1.8% | 2.2% |
| 08:30 | UK | Total Business Investment (QoQ) (2Q)  | -1.9% | -0.7% | -1.8% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Jul) | 0.1% | 0.2% | 0.1% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Jul) | 1.5% | 1.6% | 1.5% | |
| 11:00 | CA | Consumer Price Index (MoM) (Jul) | 0.3% | 0.4% | 0.7% | |
| 11:00 | CA | Consumer Price Index (YoY) (Jul) | 3.4% | 3.4% | 3.1% | |
| 12:30 | US | Continuing Jobless Claims (Aug 9) | 3417K | |||
| 12:30 | US | Initial Jobless Claims (Aug 16) | 450K | 450K | ||
| 14:00 | US | Leading Indicators (MoM) (Jul) | -0.2% | -0.1% | ||
| 23:50 | JP | BoJ Minutes | ||||