Tuesday, Aug 11, 10:55 GMT
U.S. Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
The Trader's Edge: EUR/USD − NFP Aftermath by Ross Yamashita
Greetings and welcome back to another week of trading. The NFP announcement dropped the EUR/USD to the 1.4100 area and now we are seeing a steady rise back up. Although the longer term charts are suggesting a downward movement, our shorter term analysis shows there is potentially still more up−movement ahead.
CEO'S Weblog: FX Solutions UK branch now opened by Francesc Riverola
The Disciplined Trader: EUR/USD droped as expected - Retrace time? by Pierre Charlebois
Sponsored by 
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Aug 11, 14:00 GMT
Type of Session: Webinar
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Aug 11, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 11, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN |  |
| Tue, Aug 11, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
| Tue, Aug 11, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Aug 11, 19:00 GMT | Lagging and leading indicators, practical use and application | Lea Peters | WBN | |
Current Session: Europe − U.S.
EUR/USD extended its losses and dropped to a low at 1.4105
Varengold Wertpapierhandelsbank AG − Since the middle of June, the EUR/USD has been trading inside a bullish trend channel. After it touched the first monthly resistance pivot point (Pivot R1 (M)) at 1.4430, it pulled back to the middle Pivot point at 1.4131, which is close to the lower line of the channel. If the market breaks the middle pivot point and the lower line of the channel as well, it may aim the first support pivot line at 1.3959.
GBP/USD
USD Expected to Act Stronger Today by Swiss e Trade AG
We do not see that stabilization holding for long in today's trading, rather some more downside risk towards the 1.6350 levels.
USD/JPY
JPY has given back much of its Asian gains vs the EUR and the 'risky' AUD by FOREX.com
The JPY has given back much of its Asian gains vs the EUR and the 'risky' AUD. The JPY's overnight strength vs the USD and GBP also moderated in European hours.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Cons. | Previous | |
| Aug 11 | 12:30 | Nonfarm Productivity | 5.2% | 1.6% |
Friday Notes - Back on track to growth by UniCredit Group
The index of worked aggregate hours dropped another 8% in 2Q, while real GDP fell a much more benign 1%. Accordingly, productivity (output per hour) has surged. The increase in compensation per hour was most likely more benign than in previous quarters – and certainly lower than the rise in output per hour. As a result, unit labor costs fell in 2Q after three consecutive increases.
[ Full Story ]Market Comment - Deleveraging the U.S. Economy by Comstock Partners Inc.
Top Market Movers Review
UK GOODS TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 11 | 08:30 | Total Trade Balance | -£2.18B | -£2.30B | -£1.91B |
| Aug 11 | 08:30 | Goods Trade Balance | -£6.5B | -£6.3B | -£6.2B |
DATA SNAP: UK Jun Trade Gap Widens In June, Imports +2.2% (Dow Jones)
[ Full Story ]- UPDATE: Rising UK Imports Lift Trade Gap In June (Dow Jones)
- UK Jun Goods Trade Deficit increases to £6.5B from £6.2B (FXstreet.com)
Top Fundamental Stories - Europe Ahead: Markets Waiting UK Trade Balance by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 11 | 06:00 | DE | Consumer Price Index (MoM) (Jul) | 0.0% | -0.1% | 0.4% |
| 06:00 | DE | Wholesale Price Index (MoM) (Jul) | -0.5% | 0.1% | 0.9% | |
| 06:00 | DE | Wholesale Price Index (YoY) (Jul) | -10.6% | -9.7% | -8.8% | |
| 08:30 | UK | Goods Trade Balance (Jun) | £-6.5B | -£6.3B | -£6.2B |
|
| 08:30 | UK | Total Trade Balance (Jun) | £-2.18B | -£2.30B | -£1.91B |
|
| n/a | UK | DCLG House Price Index (YoY) | -10.7% | -11.3% | -12.7% |
|
| 12:15 | CA | Housing Starts s.a (YoY) (Jul) | 141.4K | 140.7K | ||
| 12:30 | US | Nonfarm Productivity (2Q)  | 5.2% | 1.6% | ||
| 12:30 | US | Unit Labor Costs (2Q) | -2.3% | 3.0% | ||
| 14:00 | US | Wholesale Inventories (Jun) | -1.0% | -0.8% | ||
Educational Resources
Do you ever ask yourself why other traders seem so successful while you continue to struggle? Don Dawson shares ways to become a better trader by looking at the business of trading as more than just reading the charts. Read the article!
Past Trader's Journal Articles
Plan, execute, and then go do something more important than trading by Sam Seiden
Does size matter? by Don Dawson
If you can't spot it, don't trade it by Gabe Velazquez