Tuesday, Aug 18, 11:08 GMT
U.S. Trading Newsletter
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Forex Blogs
FX Market Readings: The sentiment appeared yesterday was false by Dr. S. Sivaraman
Yesterday EURO and GBP made the drop and many imaginary lows were thought of.Finally they firmed up towards close of US session as envisaged. Today as explained during webinar − Asian session: Live market analysis between 05:00−05:30 GMT − EURO and GBP made the initial swing and firmed up towards close of Japanese session.
FXBootcamp: Can Hurricanes Create Trade Opportunties? by Wayne McDonell
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Aug 18, 14:00 GMT
Type of Session: Webinar
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Aug 18, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 18, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN |  |
| Tue, Aug 18, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
| Tue, Aug 18, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Aug 18, 19:00 GMT | Risk management and position sizing in relation to a time−frame traded | Lea Peters | WBN | |
Current Session: Europe − U.S.
The Pound caught a bid tone against the dollar
Swiss e Trade AGThe pound caught a bid tone against the dollar in early European trading. Currently priced at 1.6450 from lows around 1.6290, we see that bid tone remaining today, although in low volatility. A maximum of 1.6500 is possible, from where downward corrections are to be expected.
EUR/USD
Greenback Trades Lower Ahead of the U.S Housing Starts Report by ForexYard
The Slow Stochastic and the RSI on the hourly chart are showing a continuation of the current bearish correction. There is also a very accurate bearish channel forming on the daily chart.
USD/JPY
USD/JPY: Dollar recovery, halted at 95.25 by FXstreet.com
The Dollar bounced yesterday at 94.20 low and appreciated through Asian and Early European session on Tuesday, reaching levels above 95.00, although the pair has been capped at 95.25, and turned down to test 95.00
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 HOUSING STARTS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 18 | 12:30 | Building Permits (MoM) | 0.58M | 0.57M |
| Aug 18 | 12:30 | Housing Starts (YoY) | 0.60M | 0.58M |
The Week Ahead - Housing Starts, PPI, LEI and Existing Home Sales by BBVA Bancomer
Both housing starts and building permits are expected to rise in July for the third month in a row, indicating that the decline in residential construction could be slowing. Nevertheless, construction remains at extremely low levels with housing starts more than 40% below those of last year.
[ Full Story ]US: Housing Chartbook August 2009 by Wells Fargo Investments, LLC
Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 18 | 09:00 | ZEW Survey − Economic Sentiment | 54.9 | 43.0 | 39.5 |
| Aug 18 | 09:00 | ZEW Survey − Economic Sentiment | 56.1 | 45.0 | 39.5 |
European Market Update - ZEW officials play down better−than−expected economic sentiment data by TradeTheNews.com
[ Full Story ]- Read the Economic Sentiment data at ZEW Institute
- Forex: EUR/USD: Euro returns to levels right above 1.4100 after post−ZEW spike (FXstreet.com)
- DATA SNAP: German ZEW Economic Expectations Leap In Aug (Dow Jones)
- Germany ZEW Survey improves widely to 56.1 in Aug (FXstreet.com)
Top Fundamental Stories - Europe Ahead: German ZEW Survey and the United Kingdom Consumer Prices Queue Up by ecPulse.com
EMU economic indicators - German ZEW economic sentiment (August): Set to rebound by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 18 | 08:30 | UK | Consumer Price Index (YoY) (Jul) | 1.8% | 1.6% | 1.8% |
| 08:30 | UK | Core Consumer Price Index (YoY) (Jul) | 1.8% | 1.5% | 1.6% | |
| 08:30 | UK | Retail Price Index (MoM) (Jul) | 0.0% | -0.2% | 0.3% | |
| 08:30 | UK | Retail Price Index (YoY) (Jul) | -1.4% | -1.7% | -1.6% | |
| 09:00 | EMU | ZEW Survey − Economic Sentiment (Aug) | 54.9 | 43.0 | 39.5 | |
| 09:00 | DE | ZEW Survey − Economic Sentiment (Aug) | 56.1 | 45.0 | 39.5 | |
| 12:30 | US | Building Permits (MoM) (Jul) | 0.58M | 0.57M |
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| 12:30 | CA | Canadian Investment in Foreign Securities | $0.985B | |||
| 12:30 | CA | Foreign investment in Canadian securities (Jul) | $13.550B | $18.893B | ||
| 12:30 | US | Housing Starts (YoY) (Jul) | 0.60M | 0.58M | ||