Thursday, Aug 20, 11:02 GMT
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Forex Blogs
FX Market Readings: Visible gains for a day by Dr. S. Sivaraman
EURO and GBP made the initial gain moves during japanese session as exoected.They are expected to gain further during European session.After brief dip they are expected to gain smartly during US session.
CEO'S Weblog: Pimco Says Dollar to Weaken as Reserve Status Erodes by Francesc Riverola
The Trader's Edge: EUR/USD - Still in Impulse wave up? by Ross Yamashita
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Live Sessions Schedule
Looking for day−trades
Expert: Adam Rosen
Start: Thu, Aug 20, 14:00 GMT
Type of Session: Webinar
Why Volatility: Probability Matter Within Forex Trading
Expert: Mark Whistler
Start: Thu, Aug 20, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 20, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Aug 20, 14:00 GMT | Looking for day−trades | Adam Rosen | WBN |  |
| Thu, Aug 20, 16:00 GMT | Why Volatility: Probability Matter Within Forex Trading | Mark Whistler | WBN | |
| Thu, Aug 20, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
FX Markets Range Bound as Drivers Dry Up in the Summer Heat
ACM − Advanced Currency Markets − The short term uptrend mentioned yesterday gained some serious power just before the US open and the pair skyrocketed through all resistance, including the 1.4240 level, stopping out a number of short players in the process. The 2 week downtrend players are still hanging around but the pair is making a flag formation on the 60 minute chart and edging into a tight triangle around the 1.4240 level, suggesting that the longs are there to meet the supply (and building short stops in the process).
GBP/USD
The pound is on another attack ride against the 1.6600 resistance line by Swiss e Trade AG
The pound is on another attack ride against the 1.6600 resistance line, although in low volatility, and is currently trading at 1.6540. We see the 1.6600 level being untouched today.
NZD/USD
NZD/USD: Contracting Bollinger Bands denote a burst from its current trading range by Varengold Wertpapierhandelsbank AG
NZD/USD consolidated during the last week and was supported by the second Fibonacci fan. Now the contracting Bollinger Bands denote a burst from its current trading range soon.
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 PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Cons. | Previous | |
| Aug 20 | 14:00 | Philadelphia Fed Manufacturing Survey | -2.0 | -7.5 |
US economic indicators - New York Empire and Philly Fed (Aug): improving conditions by BHF−Bank
Contrary to the New York Empire, the Philadelphia Fed index had deteriorated in July, from –2.2 to –7.5. Given the July improvement in the new orders component, we expect it to have risen in August too, but only to –3, thus remaining in negative territory; it has been there since December 2007, except for September 2008.
[ Full Story ]Top Market Movers Review
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 20 | 08:30 | Retail Sales (YoY) | 3.3% | 2.7% | 3.1% |
| Aug 20 | 08:30 | Retail Sales (MoM) | 0.4% | 0.4% | 1.3% |
Top Fundamental Stories - Annual Retail Sales in the UK reaches the highest level since May 2008 by ecPulse.com
[ Full Story ]- Read the Retail Sales data at UK Statistics
- UPDATE: UK July Retail Sales In Biggest Rise For 14 Mos (Dow Jones)
- Forex: GBP/USD: Pound spikes above 1.6600 on better than expected retail sales (FXstreet.com)
- DATA SNAP: UK July Retail Sales Posts Biggest Rise For 14 Mos (Dow Jones)
FX Weekly - Disappointing Retail Sales by Alpari (US), LLC
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 20 | 08:30 | UK | CML Gross Mortgage Lending s.a. | £16.0B | £12.7B |
|
| 08:30 | UK | M4 Money Supply (MoM) (Jul)  | 1.0% | 0.2% | -0.3% |
|
| 08:30 | UK | M4 Money Supply (YoY) (Jul) | 13.6% | 13.3% | 13.3% |
|
| 08:30 | UK | Public Sector Net Borrowing (Jul) | £8.0B | £0.6B | £13.4B |
|
| 08:30 | UK | Retail Sales (YoY) (Jul) | 3.3% | 2.7% | 3.1% |
|
| 09:00 | CH | ZEW Survey − Expectations (Aug) | 18.6 | 0.0 | ||
| 12:30 | US | Continuing Jobless Claims (Aug 8) | 6190K | 6202K | ||
| 12:30 | US | Initial Jobless Claims (Aug 15) | 548K | 558K | ||
| 12:30 | CA | Wholesale Sales (MoM) (Jun) | -0.1% | -0.3% | ||
| 14:00 | US | Leading Indicators (MoM) (Jul) | 0.6% | 0.7% | ||