Friday, Aug 14, 11:01 GMT
U.S. Trading Newsletter
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Forex Blogs
The Advisor Weblog: Gbp/Usd under pressure by Valeria Bednarik
With 4 hours indicators turning bearish and current candle opening under 1.6550 strong zone, Gbp is under selling pressure. 1.6500/1.6520 is next key support zone to consider, ahead of the daily ascendant trend line, today at 1.6440, coming from March lows, around 1.3650.
FX Market Readings: Holding high could lead to further rise by Dr. S. Sivaraman
FXBootcamp: FOREX VIDEO - Pre London Outlook August 14th 2009 by David R Pegler
Sponsored by 
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Fri, Aug 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Aug 14, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 14, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN | |
| Fri, Aug 14, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Aug 17, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Mon, Aug 17, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe − U.S.
Forex − No Shift in Trading Themes.....Yet
ACM − Advanced Currency Markets −After a brief look above 1.4291 to the next resistance at 1.4338, the pair fell back and closed the 4 hourly bar yesterday evening at 1.4289. This pattern has been repeated a couple more times overnight so there is plenty of supply at that level as mentioned yesterday. The medium term trend is still up, but there is a distinct 10 day downtrend on the 60 minute chart so expect a range bound consolidation period between 1.4240 and 1.4338 with 1.4178 providing major support and 1.4445 as major resistance. Only a break of 1.4034/51 would ruin this medium term uptrend and put the bears in control.
GBP/USD
Pound could not beak 1.6600; 1.6500, tested by Danske Bank A/S
We see the unusual low volatility in this market continuing in today's trading, the 1.6600 level not being broken, and eventually the lower end of the trading range around 1.6500 being tested.
USD/JPY
Look for a clear break of 95.07 but be ready to turn into a bull around the 94.18 by FXstreet.com Independent Analyst Team
1hr chart shows and ABC correction taking us to 94.06. We are on a previous low at the moment and need to push through that to get 94.06 in target.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 14 | 12:30 | Consumer Price Index (YoY) | -1.9% | -1.4% |
| Aug 14 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.6% | 1.7% |
| Aug 14 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.2% |
| Aug 14 | 12:30 | Consumer Price Index (MoM) | 0.0% | 0.7% |
US economic indicators - CPI (Jul): yearly rate could fall to –2.2% by BHF−Bank
In July, average gasoline prices fell by almost 4% mom. This could have a dampening effect on CPI, as the full extent of the decline will not be captured by the seasonal adjustment process. In addition, discounts and rising unemployment prevent inflation from rising.
[ Full Story ]Fundamental Currencies Comments - Greenback consolidates ahead of important U.S. data by ecPulse.com
Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 14 | 09:00 | Consumer Price Index − Core (YoY) | 1.3% | 1.3% | 1.4% |
| Aug 14 | 09:00 | Consumer Price Index (YoY) | -0.7% | -0.6% | -0.1% |
| Aug 14 | 09:00 | Consumer Price Index (MoM) | -0.7% | -0.6% | 0.2% |
European Market Update - Euro−Zone inflation remains in negative territory by TradeTheNews.com
[ Full Story ]- Read the CPI data at Eurostat
- UPDATE: Euro−Zone July CPI Sinks At Fresh Record Pace (Dow Jones)
- Euro Zone CPI plunges to record low in July; Euro not affected (FXstreet.com)
- Euro Zone Jul CPI falls 0.7% both MoM and YoY (FXstreet.com)
Top Fundamental Stories - Euro Zone consumer prices continue to decline inline with ECB expectations! by ecPulse.com
Top Fundamental Stories - Europe Ahead: CPI in the Euro Zone is expected to remain steady in July by ecPulse.com
EMU economic indicators - CPI likely to be confirmed at −0.6 by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 13 | 22:45 | NZ | Retail Sales (MoM) (Jun) | 0.1% | -0.3% | 0.7% |
| 22:45 | NZ | Retail Sales ex Autos (MoM) (Jun) | -0.4% | -0.5% | 1.5% |
|
| 23:50 | JP | Tertiary Industry Index (MoM) (Jun) | 0.1% | -0.3% | -0.3% |
|
| Aug 14 | 09:00 | EMU | Consumer Price Index − Core (YoY) (Jul) | 1.3% | 1.3% | 1.4% |
| 09:00 | EMU | Consumer Price Index (MoM) (Jul) | -0.7% | -0.6% | 0.2% | |
| 09:00 | EMU | Consumer Price Index (YoY) (Jul) | -0.7% | -0.6% | -0.1% | |
| 12:30 | US | Consumer Price Index (MoM) (Jul) | 0.0% | 0.7% | ||
| 12:30 | US | Consumer Price Index (YoY) (Jul) | -1.9% | -1.4% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Jul) | 0.2% | 0.2% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Jul) | 1.6% | 1.7% | ||
Educational Resources
The Death of the Buy−and−Hold Investor
The rout experienced by all the world's equity markets during 2008 will be etched in the memories of share traders and investors for many, many years. Kel Butcher reminds us that ‘only educated traders survive' in a bear market. Read the whole article of our new Education Contributor YourForexEdge Magazine!