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Forex Blogs
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FX Market Readings: US GDP data release time − expected moves... by Dr. S. Sivaraman
EURO and GBP made the rise during Japanese session and then dropped to closer to low during early European session and now holding near the middle levels for want of volume.By12:30 GMT US GDP data is expected to be released.The expected moves before and after are as follows.
The Advisor Blog: Eur/Usd and Gbp/Usd for today by Valeria Bednarik
FX Path: USD/CAD Update by James Chen
Live Sessions Schedule
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Aug 28, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Aug 28, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 28, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN |  |
| Thu, Aug 28, 14:00 GMT | Fibonacci Review  | Adam Rosen | WBN |  |
| Thu, Aug 28, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Aug 28, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast − The Gustav Factor by Swiss e Trade AG
The pair tried to attack the 1.4790 resistance line in early European trading but failed so far to overtake it. Currently trading at 1.4763, and without the special hurricane risk (see above in general remarks), we would envisage the 1.4670 support as a target for the downside for today.
- 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 Forex News − Forex − ECB's Weber reopens speculation about interest rate increase despite FOMC suggestion for a Federal Reserve rate hike by ACM − Advanced Currency Markets
Market View
Forex Technical Report − GBPUSD Short Term − Resuming Trend by ForexHound.com
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades slightly below first resistant level 1.4791
08/28/2008 10:26 GMT - GBP/USD
- Continues to trade around pivot level 1.8376
08/28/2008 10:26 GMT - USD/CHF
- Stays around first support level 1.0919
08/28/2008 10:26 GMT - USD/JPY
- Moves up back towards pivot level 109.35
08/28/2008 10:26 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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Aug 28 | 12:30 | Gross Domestic Product Annualized | 2.8% | 0.9% |
| Aug 28 | 12:30 | Gross Domestic Purchases Price Index | -1.1% | 3.5% |
HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
Preliminary GDP in the second quarter is expected to have grown by 2.7% following a 1.9% rate of growth in the first quarter. Shapiro said the revision will likely be due to "greater than originally−calculated improvement in the trade deficit."
[ Full Story ]Top Market Movers Review
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 28 | 10:00 | CBI Distributive Trades Survey − Realized (MoM) | -46 | -30 | -36 |
DATA SNAP: UK CBI Retail Sales Balance Hits Record Low (Dow Jones)
Sales volumes at U.K. retailers fell to a record low in August as the credit crunch, higher inflation and weaker consumer confidence continued to depress activity, a survey by the Confederation of British Industry showed Thursday.
[ Full Story ]- Read the Distributive Trades Survey data at CBI
- UK retail sales post record fall in Aug−CBI (Thomson Financial News)
- UK CBI: Aug Retail Sales Volume −46 vs −36 in Jul (FXstreet.com)
EMU M3
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 28 | 08:00 | M3 (YoY) | 9.3% | 9.0% | 9.5% |
DATA SNAP: Euro−Zone Jul M3 +9.3% On Year Vs +9.5% In Jun (Dow Jones)
The robust pace of money supply growth in the euro zone decelerated slightly in July, reflecting slowing lending growth to the private sector.
[ Full Story ]- Read the M3 Money data at ECB
- Euro area July M3 growth at 9.3 pct year−on−year vs 9.5 pct in June UPDATE (Thomson Financial News)
- Euro area July M3 growth at 9.3 pct year−on−year vs 9.5 pct in June (Thomson Financial News)
- EU Jul M3 (YoY) +9.3% from +9.5% in Jun (FXstreet.com)
Germany UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 28 | 07:55 | Unemployment Change | -40K | -10K | -20K |
| Aug 28 | 07:55 | Unemployment Rate s.a. | 7.6% | 7.8% | 7.8% |
German August adjusted jobless down 40,000 from July − Labour Office (Thomson Financial News)
The number of jobless people in Germany declined by 40,000 in August in seasonally adjusted terms compared with July, the Labour Office said.
[ Full Story ]- Read the Unemployment data at German Statistics
- German Aug Jobless Rate 7.6% vs 7.7% in Jul (FXstreet.com)
EMU economic indicators - German adjusted unemployment (August): unchanged at best by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 28 | 06:00 | DE | ILO Unemployment Rate (Jul) | 7.3% | 7.3% | |
| 07:15 | CH | Employment Level (QoQ) (2Q) | 3.92M | 3.91M | 3.90M | |
| 07:55 | DE | Unemployment Change (Aug) | -40K | -10K | -20K | |
| 07:55 | DE | Unemployment Rate s.a. (Aug) | 7.6% | 7.8% | 7.8% | |
| 08:00 | EMU | M3 (YoY) (Jul) | 9.3% | 9.0% | 9.5% | |
| 10:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Aug) | -46 | -30 | -36 | |
| 12:30 | US | Continuing Jobless Claims (Aug 16) | 3362K | |||
| 12:30 | US | Gross Domestic Product Annualized (2Q)  | 2.8% | 0.9% | ||
| 12:30 | US | Gross Domestic Purchases Price Index (2Q) | -1.1% | 3.5% | ||
| 12:30 | US | Initial Jobless Claims (Aug 23) | 432K | |||