Friday, Aug 29, 11:13 GMT
U.S. Trading Newsletter
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Forex Blogs
Recommended Readings
1st on Forex: Due Friday: Consumer Sentiment − Personal Income − Food Costs by Jerry Furst
Good GDP numbers on Thursday boosted the equity markets − but the US Dollar did not see any strength until later in the day. Friday brings several news reports ahead of the Labor Day weekend.
The Advisor Blog: Majors for today by Valeria Bednarik
Trade Setups: Forex Video − Set ups 29 Aug '08 − Analysis by Phil Newton
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Sep 1, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Sep 1, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 1, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Sep 1, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Sep 1, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Sep 1, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe − U.S.
GBP/JPY
Daily Forex Technical Report − Sterling Remains Weak in Otherwise Mixed Markets by ActionForex.com
GBP/JPY's down trend is still in progress and breaches mentioned 199.78 support today. At this point, further decline is still expected as long as 202.28 minor resistance holds. As discussed before, break of 199.78 is now encouraging deeper fall to test 192.60 medium term bottom. ON the upside, though, above 202.28 will indicate that a short term bottom is possibly in place and bring rebound towards 206.51 resistance before staging another fall.
- 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 − Special Risk Still Prevails by Swiss e Trade AG
Bank's Report
Daily FX Report − The USD dipped against the EUR this morning by Varengold Wertpapierhandelsbank AG
Majors at a Glance
- EUR/USD
- Continues to trade around pivot level 1.4729
08/29/2008 10:04 GMT - GBP/USD
- Continues to trade around pivot level 1.8310
08/29/2008 10:04 GMT - USD/CHF
- Continues to trade around pivot level 1.0959
08/29/2008 10:05 GMT - USD/JPY
- Continues to move down towards second support level 108.40
08/29/2008 10:05 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 GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Cons. | Previous | |
| Aug 29 | 12:30 | Gross Domestic Product (MoM) | 0.2% | -0.1% |
| Aug 29 | 12:30 | Gross Domestic Product Annualized (QoQ) | 0.6% | -0.3% |
Trading News Report - Canadian GDP May Sink The Loonie? by FXCM
Canadian GDP is expected to have grown 0.6% in the second quarter after contracting 0.3% the quarter prior . Economists are forecasting the natural resource rich economy grew 0.1% in June as oil prices were setting record levels.
[ Full Story ]Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 29 | 09:00 | Consumer Price Index (YoY) | 3.8% | 4.0% | 4.0% |
DATA SNAP: Euro−Zone Inflation Slowed To 3.8% In August (Dow Jones)
The annual rate of consumer−price inflation in the 15 countries that share the euro fell in August as food and energy prices declined. Eurostat, the European Union's official statistics agency, Friday said the annual rate of inflation in the euro zone was 3.8%, down from 4.0% in July.
[ Full Story ]- Read the CPI data at Eurostat
- UPDATE 1−Euro zone inflation, sentiment fall in August (Thomson Financial News)
- INSTANT VIEW−Euro zone Aug inflation, sentiment down (Thomson Financial News)
- Euro zone inflation, sentiment fall in August (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 29 | 05:00 | JP | Annualized Housing Starts (Jul) | 1.144M | 1.099M | 1.130M |
| 09:00 | EMU | Consumer Confidence (Aug) | -19 | -20 | -20 | |
| 09:00 | EMU | Consumer Price Index (YoY) (Aug) | 3.8% | 4.0% | 4.0% | |
| 09:00 | EMU | Economic Confidence (Aug) | 88.8 | 89.1 | 89.5 | |
| 09:00 | EMU | Unemployment Rate (Jul) | 7.3% | 7.3% | 7.3% | |
| 09:30 | CH | KOF Leading Indicator (Aug) | 0.68 | 0.90 | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Jul) | 0.3% | 0.3% | ||
| 12:30 | CA | Gross Domestic Product Annualized (QoQ) (2Q) | 0.6% | -0.3% | ||
| 12:30 | CA | Industrial Product Price (MoM) (Jul) | 1.0% | 1.3% | ||
| 12:30 | US | Personal Income (MoM) (Jul) | -0.1% | 0.1% | ||