Wednesday, Aug 12, 11:23 GMT
U.S. Trading Newsletter
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Forex Blogs
The Advisor Weblog: Starting the day by Valeria Bednarik
Hi everybody and welcome back! As we comment yesterday in the Daily Wrap Up Webinar, European majors remained in range past Asian session, thus fears of a dovish FED's statement is favoring greenback since early Europe; besides, early data show U.K. unemployment rate rose to 7.7%, while industrial production in the euro zone fell to −0.6%.
Trade Setups: Webinar - 12 Aug '09 by Phil Newton
CEO's Blog: NFA Regulations Webinar with Rob Booker by Francesc Riverola
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Live Sessions Schedule
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Aug 12, 14:00 GMT
Type of Session: Webinar
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Wed, Aug 12, 17:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 12, 12:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Aug 12, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
| Wed, Aug 12, 16:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
| Wed, Aug 12, 17:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN | |
Current Session: Europe − U.S.
The Dollar Balanced Well Against its Partners
Swiss e Trade AG − The pound is consolidating its lower levels against the dollar in early European trading and is right now priced at 1.6450. We do not expect much more downside risk in this market and are waiting for recovery moves towards the 1.6520 mark.
EUR/USD
EUR/USD: Euro, picks up further and approaches intra−day high at 1.4165 by FXstreet.com
Euro decline has found support at 1.4090 two−week low reached during European session, and the Euro has bounced, approaching levels at 1.4165 intra−day high.
USD/JPY
USD/JPY: Dollar bounces at 95.10 and approaches 94.80 by FXstreet.com
Dollar decline from 96.10 Asian session high has found support at 95.10 on early European session, and the Dollar has picked up approaching to Aug 11 low at 95.75.
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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Aug 12 | 12:30 | Trade Balance | -$28.40B | -$25.96B |
US economic indicators - Trade deficit (Jun): Widening due to petroleum imports by BHF−Bank
The trade deficit fell from $28.8bn to $26.0bn in May – a ten year low and less than 40% of the peak level of August 2006. The deficit is likely to have widened to about $29bn in June: in the preliminary GDP figures, the Commerce Department assumed an increase in imports and a setback in exports, which had unexpectedly risen sharply in May. However, given the 3.2% mom jump in import prices, the rise in imports will be mainly price−driven. According to the Commerce Department's preliminary estimate, net exports contributed 1.4 percentage points to growth in Q2, as real imports fell about three times as much as real exports. Nevertheless the real trade deficit could also have risen in June, albeit only slightly.
[ Full Story ]Top Market Movers Review
UK BANK OF ENGLAND QUARTERLY INFLATION REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 12 | 09:30 | Bank of England Quarterly Inflation Report | - | - | - |
Top Fundamental Stories - The UK Inflation Report and Economic Data Raises Concerns by ecPulse.com
[ Full Story ]- Read full Survey at BoE
- Bank Of England Quarterly Inflation Report Opening Statement (Dow Jones)
Weekly Market Update - Bank of England bombshell rocks the pound by World First UK Ltd
Asian Session: UK Inflation Report & FOMC by ACM − Advanced Currency Markets
Top Fundamental Stories - Europe Ahead: Markets Waiting The Quarterly Inflation Report by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 12 | 08:30 | UK | ILO Unemployment Rate (3M) (Jun) | 7.8% | 7.7% | 7.6% |
| 09:00 | EMU | Industrial Production s.a. (MoM) (Jun) | -0.6% | 0.3% | 0.6% |
|
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Jun) | -17.0% | -16.4% | -17.6% |
|
| 09:30 | UK | Bank of England Quarterly Inflation Report | ||||
| 09:30 | UK | BoE's Governor King Speech | ||||
| 11:00 | US | MBA Mortgage Applications (Aug 7) | -3.5% | 4.4% | ||
| 12:30 | CA | International Merchandise Trade (Jun) | -$0.50B | -$1.42B | ||
| 12:30 | CA | New Housing Price Index (MoM) (Jun) | 0.0 | -0.1 | ||
| 12:30 | CA | New Housing Price Index (YoY) (Jun) | -3% | |||
| 12:30 | US | Trade Balance (Jun) | -$28.40B | -$25.96B | ||
Educational Resources
Video Forex Trading Program − Day 8
4Xlounge.com's 30−day Trading Program is an EXCLUSIVE course made of 30 short movies. From technical indicators to strategies and risk management, through major economic data and trendlines, all the basics of Forex are covered. Watch today's lesson: Day 8 − The Technicals − Moving Averages
Related Resources
Watch previous lessons of Forex 30-day Trading Program by 4Xlounge
Forex Jump-Start: Beginners Video Course by 4xLounge