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Forex Blogs
ForexHedge: Some US economic realistic facts by Ron Schelling
Borrowing by U.S. consumers dropped in June for the fifth straight month as the unemployment rate rose, getting loans remained difficult and households put off major purchases. Consumer credit fell $10.3 billion, or 4.92 percent at an annual rate, to $2.5 trillion, according to a Federal Reserve report released today in Washington.
The Disciplined Trader: EUR/USD rising towards .618 by Pierre Charlebois
The Trader's Edge: EUR/USD Short Term Bull Run? by Ross Yamashita
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Aug 13, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Aug 13, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 13, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Aug 13, 14:00 GMT | Key Fundamental Indicators | Adam Rosen | WBN |  |
| Thu, Aug 13, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Aug 13, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
Current Session: Europe − U.S.
Above 1.6585; little chance of a downward move before testng 1.6720/40
Charmer Charts.com − Cable needs to hold below 1.6585. If it fails then there is little chance of a downward move before this has tested 1.6720/40 once more... Now if the market is going to take off and breaks 1.6740 you are looking at a sharp move higher to 1.6830 before sellers will be evident. This is the last gasp chance for sellers in the short term. If above here then this will once more be on its way to 1.7040/50.
EUR/USD
EUR/USD will broadly trade 1.41 to 1.4350 nextrt week by ACM − Advanced Currency Markets
Support at 1.4005/90 proved to be solid and consequently the uptrend off the Apr low remains in play. It may continue to hold into next week and EUR/USD will broadly trade 1.41 to 1.4350 during that time.
USD/JPY
First target would be 96.77 (61.8%) by FXstreet.com Independent Analyst Team
I would look for the trend to continue higher. First target would be 96.77 (61.8%) then 97.46. This would be an ABC correction and the top of the trend channel.
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 13 | 12:30 | Retail Sales (MoM) | -0.3% | 0.6% |
| Aug 13 | 12:30 | Retail Sales ex Autos (MoM) | 0.1% | 0.3% |
US: Preview of July retail sales by Easy Forex
Friday's report of better than expected US July unemployment fueled speculation that the US economy is nearing the end of recession. On Thursday, August 13th, the US Commerce Department will release the July retail sales report. Two thirds of US domestic GDP growth is generated by consumer spending.
[ Full Story ]US economic indicators - Retail sales (Jul): rising because of vehicle sales by BHF−Bank
Top Market Movers Review
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 13 | 09:00 | Gross Domestic Product s.a. (YoY) | -4.6% | -5.1% | -4.9% |
| Aug 13 | 09:00 | Gross Domestic Product s.a. (QoQ) | -0.1% | -0.5% | -2.5% |
Eurozone (almost) at the end of the recession by UniCredit Group
[ Full Story ]- Read the GDP data at Eurostat
- EU: 2Q GDP Data Better Than Expected; Worst Seems Over (Dow Jones)
- Euro Zone economy contracted 0.1% in 2Q, above expectations; Euro up (FXstreet.com)
- Euro Zone QoQ GDP down 0.1% MoM and 4.6% YoY (FXstreet.com)
Top Fundamental Stories - Euro Zone GDP Contracted at A Slower Pace Beating Expectations! by ecPulse.com
Top Fundamental Stories - Europe Ahead: GDP in the Euro Zone to show an ease in contraction in the second quarter by ecPulse.com
EMU economic indicators - German/EMU GDP (Q2): down slightly by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 13 | 06:00 | DE | Gross Domestic Product n.s.a (YoY) (2Q)  | -7.1% | -7.6% | -6.4% |
| 07:15 | CH | Producer and Import Prices (MoM) (Jul) | 0.0% | 0.1% | 0.0% | |
| 07:15 | CH | Producer and Import Prices (YoY) (Jul) | -6.1% | -5.8% | -5.6% | |
| 08:00 | EMU | ECB Monthly Report (Aug) | ||||
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (2Q) | -0.1% | -0.5% | -2.5% | |
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (2Q) | -4.6% | -5.1% | -4.9% | |
| 12:30 | US | Continuing Jobless Claims (Aug 1) | 6350K | 6310K | ||
| 12:30 | US | Import Price Index (MoM) (Jul) | -0.5% | 3.2% | ||
| 12:30 | US | Import Price Index (YoY) (Jul) | -19.0% | -17.4% | ||
| 12:30 | US | Initial Jobless Claims (Aug 8) | 540K | 550K | ||
Educational Resources
Video Forex Trading Program − Day 9
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 9 − The Fundamentals − TIC Data
Related Resources
Watch previous lessons of Forex 30-day Trading Program by 4Xlounge
Forex Jump-Start: Beginners Video Course by 4xLounge