Monday, Aug 24, 11:12 GMT
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- WEBINAR VIDEOS: Why Volatility: Probability Matter Within Forex Trading by Mark Whistler
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- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Volatile moves for week beginning by Dr. S. Sivaraman
EURO and GBP made the swing and instead of firming up made the dip below low towards close of Japanese session as the players are busy handling the crosses − making contrarian moves.
CEO'S Weblog: The Guardian Looses big bucks in Forex Trading by Francesc Riverola
The Trader's Edge: EUR/USD Outlook by Ross Yamashita
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 24, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Aug 24, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 24, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Aug 24, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Aug 24, 19:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN |  |
| Mon, Aug 24, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
Current Session: Europe − U.S.
The bulls still have significant resistance at 1.4338 to contend with
ACM − Advanced Currency Markets − Taking a look at the big picture on EUR USD this morning, we can see that although the pair has broken the 3 week downtrend, the bulls still have significant resistance at 1.4338 to contend with and unless it clears the level we will be looking at a nice head and shoulders in development. Only a clearance of 1.4445 really confirms a continuation of the uptrend and would be printing a 9 month high in the process.
GBP/USD
Quiet consolidation move between 1.6580 and 1.6420 by Swiss e Trade AG
In low volatility, the pound is continuing its quiet consolidation move between 1.6580 and 1.6420 in early European hours and is currently trading at 1.6500.
USD/JPY
Any profits may be short lived as the 95 technical level comes into play by Master The Markets
With the strong resistance still weighing down on the pair, any profits may be short lived as the 95 technical level comes into play once again
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
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Aug 25 | 06:00 | Gross Domestic Product w.d.a (YoY) | -5.9% | -6.7% |
| Aug 25 | 06:00 | Gross Domestic Product s.a (QoQ) | 0.3% | -3.5% |
| Aug 25 | 06:00 | Gross Domestic Product n.s.a (YoY) | -7.1% | -6.4% |
EMU economic indicators - German GDP with components by BHF−Bank
German GDP in Q2 2009 is not expected to be revised significantly. The detailed breakdown of the components will show that private and government consumption, construction investment and net exports have contributed positively to overall GDP growth, since imports decreased more than exports.
[ Full Story ]Top Market Movers Review
EMU INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 24 | 09:00 | Industrial New Orders (YoY) | -25.1% | -28.6% | -30.3% |
| Aug 24 | 09:00 | Industrial New Orders s.a. (MoM) | 3.1% | 1.7% | -0.5% |
DATA SNAP: Euro−Zone Jun Indus Orders Post 19−Mo Record Gain (Dow Jones)
[ Full Story ]- Read the Industrial New Orders data at Eurostat
- UPDATE:Euro−Zone Indus Orders Post Strongest Gain For 19 Mos (Dow Jones)
- Euro Zone Jun Industrial New Orders rise 3.1% MoM and fall 25.1% YoY (FXstreet.com)
Euroland: Expansion by Danske Bank A/S
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 24 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Jul) | -6.9% | 5.8% |
|
| 01:30 | AU | New Motor Vehicle Sales (YoY) (Jul) | -10.4% | -7.2% | ||
| 09:00 | EMU | Industrial New Orders (YoY) (Jun) | -25.1% | -28.6% | -30.3% |
|
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Jun) | 3.1% | 1.7% | -0.5% |
|
| 12:30 | CA | Retail Sales (MoM) (Jun) | 0.0% | 1.2% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Jun) | 0.2% | 0.7% | ||
| Aug 25 | 03:00 | NZ | RBNZ Inflation Expectations q/q (3Q) | 2.2 | ||
| 06:00 | DE | Gross Domestic Product n.s.a (YoY) (2Q) | -7.1% | -6.4% | ||
| 06:00 | DE | Gross Domestic Product s.a (QoQ) (2Q) | 0.3% | -3.5% | ||
| 06:00 | DE | Gross Domestic Product w.d.a (YoY) (2Q) | -5.9% | -6.7% | ||