Thursday, Aug 27, 10:54 GMT
U.S. Trading Newsletter
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- WEBINAR VIDEOS: Looking for day-trades by Adam Rosen
- Forex Tools renewed! Check out the brand new features: Margin Calculator and Carry Trade Calculator
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Moves before and after US GDP data by Dr. S. Sivaraman
Traders are waiting for US GDP data, expected to be announced by 12:30 GMT.Players are busy making narrow range contrarian moves to hit the stops in the crosses before coming to majors in making quick moves.
The Disciplined Trader: A look at the index going into the European session by Pierre Charlebois
FX Bootcamp: Volatility Analysis: GBP/JPY by Curt Wehrley
Sponsored by 
Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Aug 27, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
The End of the Dollar Asset Bubble
Expert: Joseph Trevisani
Start: Thu, Aug 27, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 27, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, Aug 27, 14:00 GMT | The second half of 2009  | Adam Rosen | WBN |  |
| Thu, Aug 27, 16:00 GMT | The End of the Dollar Asset Bubble | Joseph Trevisani | WBN | |
| Thu, Aug 27, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
Euro broke through long−term resistance at 0.8695 began a strong bullish trend−line
Varengold Wertpapierhandelsbank AG − Having the EUR/GBP traded in a trend−less zigzag movement during July it broke through its long−term resistance at 0.8695 and began trading close to a strong bullish trend−line. At the moment it seems that the currency pair is in a short recovery near the first pivot resistance at 0.8793. Though the Momentum indicator starts rising again and may suggests that at least at the trend−line the bulls will be back and boost the trend.
GBP/USD
The pound is currently consolidating near the lows of 1.6150 by Swiss e Trade AG
Having lost more ground against the dollar yesterday, the pound is currently consolidating near the lows of 1.6150 and right now priced at 1.6205.
USD/JPY
The 4 hr chart is showing some divergence to buy here by FXstreet.com
The 4 hr chart is showing some divergence to buy here. An ABC wave formation would take us to 93.38. We have divergence on the 5minute chart at the low.
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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Aug 27 | 12:30 | Gross Domestic Purchases Price Index | 0.7% | 0.7% |
| Aug 27 | 12:30 | Real Personal Consumption Expenditures (QoQ) | -1.2% | 0.6% |
| Aug 27 | 12:30 | Gross Domestic Product Annualized | -1.4% | -6.4% |
US economic indicators - GDP growth rate could be revised to –1.5% in Q2 by BHF−Bank
The advance estimate of Q2 GDP showed that the pace of contraction slowed from an annualised –6.4% to –1.0% qoq: although consumer spending and inventories had a negative impact, net exports and government purchases contributed positively, and the decline in corporate and residential investment was less marked than in Q1.
[ Full Story ]Top Market Movers Review
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 27 | 10:00 | CBI Distributive Trades Survey − Realized (MoM) | -16 | -11 | -15 |
UPDATE: UK CBI Retail Sales Unexpectedly Fall In August (Dow Jones)
[ Full Story ]- Read the Distributive Trades Survey data at CBI
- UK CBI Retail sales decline against expectations; Pound, slightly up (FXstreet.com)
- UK Aug CBI Distributive Trades Survey volume down to −16 from −15 (FXstreet.com)
- DATA SNAP: UK CBI Retail Sales Unexpectedly Fall In August (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 27 | 06:00 | DE | Gfk Consumer Confidence Survey (Sep) | 3.7 | 3.6 | 3.4 |
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Aug) | -2.7% | -3.9% | -6.2% | |
| 08:00 | EMU | M3 (YoY) (Jul) | 3.0% | 3.1% | 3.5% | |
| n/a | UK | Total Business Investment (QoQ) (2Q)  | -10.4% | -3.6% | -7.6% | |
| n/a | UK | Total Business Investment (YoY) (2Q) | -18.4% | -12.2% | -9.7% | |
| 10:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Aug) | -16 | -11 | -15 | |
| 12:30 | US | Continuing Jobless Claims (Aug 15) | 6215K | 6241K | ||
| 12:30 | US | Gross Domestic Product Annualized (2Q) | -1.4% | -6.4% | ||
| 12:30 | US | Gross Domestic Purchases Price Index (2Q) | 0.7% | 0.7% | ||
| 12:30 | US | Initial Jobless Claims (Aug 22) | 565K | 576K | ||