Wednesday, Aug 19, 10:51 GMT
U.S. Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Expected dip turned drop by Dr. S. Sivaraman
EURO and GBP made the dip towards close of Japanese session as expected.But the dip expected during early European session turnedout to be a drop.But it is over.they made more driop in GBP than EURO to rise EURO/GBP cross and holding USD/CHF and and dipping EURO caused dip in EURO/CHF.
The Disciplined Trader: Trading with Candle patterns as stop points! by Pierre Charlebois
The Day Job Trader: GBP/USD "Bargain Day" / Supply Level of Interest by Ryan O'Keefe
Chartology: USD/JPY Intraday Downtrend Slowing? by Raghee Horner
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Live Sessions Schedule
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Aug 19, 14:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Aug 19, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 19, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
| Wed, Aug 19, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
| Wed, Aug 19, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Wed, Aug 19, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
Current Session: Europe − U.S.
EUR/USD is on a slow recovery move
Swiss e Trade AG −This market is on a slow recovery move in early European trading hours, right now on a slight downward correction to present levels around 1.4100. We see these levels as the major support for today, giving way to more recovery moves up to the 1.4160 mark.
GBP/USD
Intra−day sentiment is in a slightly bullish configuration by FXstreet.com
The pair has lost more than 200 pips on the day so far, dropping from levels right below 1.6600 Asian session high to 1.6375 intra−day low so far, giving away most of the ground gained during Monday and Tuesday.
GBP/CAD
Hourly Trend is Sideways while 10835 holds by Varengold Wertpapierhandelsbank AG
The currency pair traded since the beginning of July close to a bearish trendline until the bulls helped to cross the trendline this week. Now it seems that the GBP/CAD build above its new support at 1.8209.
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
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 19 | 11:00 | Bank of Canada Consumer Price Index Core (YoY) | 1.9% | 1.9% |
| Aug 19 | 11:00 | Consumer Price Index (YoY) | -0.8% | -0.3% |
| Aug 19 | 11:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.1% | 0.0% |
| Aug 19 | 11:00 | Consumer Price Index (MoM) | -0.2% | 0.3% |
Currency Trading Majors Pairs - Forex Analysis − USD to CAD by Master The Markets
The first major piece of fundamental news on the economic calendar for the Loonie is Core CPI which is forecast at 0.1% against a previous of 0%. Core CPI measures the change in the price of goods and services but excludes the 8 most volatile items as they tend to distort the underlying trend.
[ Full Story ]Top Market Movers Review
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 19 | 08:30 | Bank of England Minutes | - | - | - |
BOE Aug Minutes: Governor King Voted For GBP200 Billion Bond Buying (Dow Jones)
[ Full Story ]- Read full Minutes at BoE
- Sterling Slips A Little As BOE Shows Split On Asset Purchases (Dow Jones)
- Forex: GBP/USD: Pound slumps tp 1.6400 after BoE minutes (FXstreet.com)
Top Fundamental Stories - Europe Ahead: Markets Waiting Bank of England Minutes by ecPulse.com
BOE Preview: August meeting minutes by RANsquawk
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 19 | 08:00 | EMU | Current Account n.s.a (Jun) | €-0.3B | -€11.9B |
|
| 08:00 | EMU | Current Account s.a (Jun) | €-5.3B | -€1.7B | -€1.2B | |
| 08:30 | UK | Bank of England Minutes | ||||
| 09:00 | EMU | Construction Output s.a (MoM) (Jun) | -1.1% | -2.0% | ||
| 09:00 | EMU | Construction Output w.d.a (YoY) (Jun) | -8.8% | -7.6% |
||
| 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Aug) | -54 | -50 | -59 | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Jul) | 0.1% | 0.0% | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Jul) | 1.9% | 1.9% | ||
| 11:00 | CA | Consumer Price Index (MoM) (Jul) | -0.2% | 0.3% | ||
| 11:00 | CA | Consumer Price Index (YoY) (Jul) | -0.8% | -0.3% | ||
Educational Resources
Same Tools, Different Thoughts
This week, we will look at the following concept − if you bring herd mentality mindset to competing in the trading markets, you will likely hand your account over to those who think differently and think the markets properly. Read whole Sam Seiden's article!
Other articles of this week's Lessons from the Pros
Beware of the Ponzi Trap in Forex - Article by Steve Misic
The Statistical Recovery - Article by John Mauldin
Placing a Vertical Spread with TradeStation - Article by Online Trading Academy Team
Exit Strategies - Article by Don Dawson