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Forex Blogs
The Trader's Edge: Sell the EUR/USD? by Ross Yamashita
Hello. Thanks to Vytas for the question and comment on the EUR/USD. Here is our reply. Back in a post on June 19 on the EUR/USD (http://blogs.fxstreet.com/tradersedge/2009/06/19/eurusd−a−little−longer−term−look/) we said it would potentially go up to the 1.4400 area and we've seen quite a move in the past couple of months and hit that level.
ForexHedge: The Billion Dollar Gram by Ron Schelling
The Disciplined Trader: EUR/USD running down to a trendline by Pierre Charlebois
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 17, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Aug 17, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 17, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Aug 17, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Aug 17, 19:00 GMT | Trading Around Your Day Job  | Ryan O'Keefe | WBN |  |
| Mon, Aug 17, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
Current Session: Europe − U.S.
The pound reached important support levels against the dollar
Swiss e Trade AG − The pound reached important support levels against the dollar this European morning and is currently trading at 1.6320. We do not see the 1.6300 support level being broken. On the contrary, it will serve as a springboard for recovery movements up to 1.6450.
EUR/USD
the pair now resting on support at 1.4090 / 35 by ACM − Advanced Currency Markets
The final level for the bulls to defend here is the lower 5 month uptrend channel at 1.4010 / 34 and failure there will spell the beginning of a significant USD strength.
GBP/CHF
GBP/CHF failed to cross its resistance−level at 1.8115 by Varengold Wertpapierhandelsbank AG
On the long−term view we can see, that the GBP/CHF traded during May close to a bullish trend−line, but failed to cross its resistance−level at 1.8115.
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 NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 17 | 12:30 | NY Empire State Manufacturing Index | 2.2 | -0.6 |
US economic indicators - New York Empire and Philly Fed (Aug): improving conditions by BHF−Bank
The New York Empire manufacturing index had risen from –9.4 to a still negative –0.6 in July. After having contracted for fifteen consecutive months, the index could have been slightly above zero in August, as already indicated by the positive readings of July's new orders and production components. We forecast that the New York Empire manufacturing index will have improved to +1.0 in August.
[ Full Story ]Top Market Movers Review
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 17 | 09:00 | Trade Balance n.s.a. | €4.6B | - | €2.1B |
| Aug 17 | 09:00 | Trade Balance s.a. | €1.0B | €1.4B | €1.1B |
DATA SNAP: Euro Zone Posts Two−Yr High Trade Surplus In Jun (Dow Jones)
[ Full Story ]- Read the Trade Balance data at Eurostat
- EU Trade surplus s.a. down to €1B in Jun from €1.1B, n.s.a rises to €4.6B (FXstreet.com)
Top Fundamental Stories - Europe Ahead: A Widened Trade Balance is Expected After the Second Quarter's Decline in Contraction by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 16 | 23:01 | UK | Rightmove House Price Index (MoM) (Aug) | -2.2% | 0.6% | |
| 23:50 | JP | Gross Domestic Product (QoQ) (2Q)  | 0.9% | 1.0% | -3.1% |
|
| 23:50 | JP | Gross Domestic Product Annualized (2Q) | 3.7% | 3.9% | -11.7% |
|
| Aug 17 | 07:15 | CH | Adjusted Real Retail Sales (YoY) (Jun) | 0.9% | 0.8% | -1.4% |
| 09:00 | EMU | Trade Balance n.s.a. (Jun) | €4.6B | €2.1B |
||
| 09:00 | EMU | Trade Balance s.a. (Jun) | €1.0B | €1.4B | €1.1B |
|
| 12:30 | US | NY Empire State Manufacturing Index (Aug) | 2.2 | -0.6 | ||
| 13:00 | US | Net Long−term TIC Flows (Jun) | $17.5B | -$19.8B | ||
| 13:00 | US | Total Net TIC Flows (Jun) | -$66.6B | |||
| 17:00 | US | NAHB Housing Market Index (Aug) | 18 | 17 | ||
Educational Resources
Video Forex Trading Program − Day 11
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 11 The Fundamentals CPI and PPI
Related Resources
Watch previous lessons of Forex 30-day Trading Program by 4Xlounge
Forex Jump-Start: Beginners Video Course by 4xLounge