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U.S. Trading Newsletter
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Forex Blogs
The Day Job Trader: The Bargain Day That Got Away by Ryan O'Keefe
No trading for me this evening. I've booked a couple of decent trades already this week so tonight was a lovely sunset dinner on the shores of Lake Washington with my Wife.
CEO's Blog: CFTC and the State of California Charge San Diego Forex Firm MAK 1 Enterprises Group, LLC and Its CEO Mohit A. Khanna in Multi Million Dollar Scam by Francesc Riverola
FX Market Readings: Week end expected moves by Dr. S. Sivaraman
Sponsored by 
Live Sessions Schedule
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Aug 21, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 21, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Aug 24, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Aug 24, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Mon, Aug 24, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
Current Session: Europe − U.S.
EUR/USD: Euro is attempting another attack on the important 1.4350 resistance
Swiss e Trade AG − Stronger in the European morning, the euro is attempting another attack on the important 1.4350 resistance line against the dollar. With the market currently trading around 1.4305 and in overbought condition, we do not expect this resistance line to fall today. More likely are setback movements, down to prices around 1.4270.
GBP/USD
GBP/USD: Pound rally extends to levels above 1.6550 by FXstreet.com
The Pound has shrugged off Asian session weakness and, after having found support at 1.6420, the Pound has broken resistance at 1.6525, the Pound rose past 1.6550 reaching levels at 1.6565
USD/JPY
USD/JPY weakened in the early Tokyo trading hours from 94.20 to 93.48 by Varengold Wertpapierhandelsbank AG
USD/JPY weakened in the early Tokyo trading hours from 94.20 to 93.48 at its lowest level and also the EUR/JPY is easing and fell from 134.26 to 132.98.
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 EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 21 | 14:00 | Existing Home Sales (MoM) | 2.3% | 3.6% |
| Aug 21 | 14:00 | Existing Home Sales | 5.00M | 4.89M |
US: July existing home sales to post modest rise by Easy Forex
There are three key US housing reports that traders look at to evaluate the strength of the housing market. The first report is housing starts which is an indicator of supply in the housing market.
[ Full Story ]Forex Daily Analysis - Forex Trading − USD to Go Volatile on U.S. Homes Sales and Bernanke Speech by ForexYard
The Week Ahead - Housing Starts, PPI, LEI and Existing Home Sales by BBVA Bancomer
Top Market Movers Review
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 21 | 08:00 | Purchasing Manager Index Manufacturing | 47.9 | 47.8 | 46.3 |
| Aug 21 | 08:00 | Purchasing Manager Index Services | 49.5 | 46.6 | 45.7 |
Top Fundamental Stories - Ongoing Improvement in the Euro Zone by ecPulse.com
[ Full Story ]- Markit Economics homepage
- European markets pick up on PMI data; Euro, at week highs (FXstreet.com)
- DATA SNAP: Euro−Zone Pvt Sector Output Stabilizes In August (Dow Jones)
- GLOBAL MARKETS: European Stocks Reverse Losses Following PMIs (Dow Jones)
Fundamental Currencies Comments - Euro climbs after euro zone PMI data by ecPulse.com
European Market Update - German services and French manufacturing PMIs move above the 50 level, suggesting expansion by TradeTheNews.com
Top Fundamental Stories - Europe Ahead: Markets Waiting PMI Manufacturing & Services Reading by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 20 | 22:45 | NZ | Visitor Arrivals (Jul) | 3.9% | -3.8% | |
| Aug 21 | 03:00 | NZ | Credit Card Spending (Jul) | -2.0% | -2.1% |
|
| 07:30 | DE | Purchasing Manager Index Manufacturing (Aug)  | 49.0 | 47.1 | 45.7 | |
| 07:30 | DE | Purchasing Manager Index Services (Aug) | 54.1 | 48.8 | 48.1 | |
| 08:00 | EMU | Purchasing Manager Index Manufacturing (Aug) | 47.9 | 47.8 | 46.3 | |
| 08:00 | EMU | Purchasing Manager Index Services (Aug) | 49.5 | 46.6 | 45.7 | |
| 14:00 | US | Existing Home Sales (Jul) | 5.00M | 4.89M | ||
| 14:00 | US | Existing Home Sales (MoM) (Jul) | 2.3% | 3.6% | ||
| 14:00 | US | Fed's Bernanke Speech | ||||
| Aug 24 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Jul) | 5.7% | ||
Educational Resources
Educator of the Month: Ashraf Laidi
Ashraf Laidi is an experienced analyst, Chief Strategist at CMC Markets, author of "Currency Trading & Intermarket Analysis" and founder of AshrafLaidi.com. He's a close contributor of FXstreet.com and will also be Key Speaker at FXstreet.com's International Traders Conference in Barcelona on October 14−16. Check his author's page to know more about him and his contents!
Highlighted resources
Currency Trading and Intermarket Analysis - Book
Weekly Fx Strategy - Report
International Traders Conference (ITC 09) Barcelona - Mr. Laidi will be Key Speaker at the event