Economic Surprise Index for the USD/JPY

You can determine the expected strengthening or weakening of each currency and display the result by currency pair to form a fundamental context of each currency trade. Economic Surprise Index charts use cumulative weekly unexpected surprises from over 500+ daily economic events from eight countries that determine the magnitude and direction of the unexpected surprise component of news announcements.

ESI charts are independent of price, and are a leading indicator of price because they determine the expected strengthening or weakening of a currency pair using a standardized measure of how much and in what direction a country’s economic announcements are moving.

Shown below are the ESI and price charts for the USD/JPY. The ESI context of the trade changed in favor of the USD in March 2008, thus strengthening the USD/JPY. ESI charts display the cumulative unexpected economic surprises of a specific currency pair. You can also determine expected currency pair strengthening or weakening between any two points on the chart as of any given Friday throughout the year. For a more complete explanation of ESI charts and their usage, email info@quartustrading.com, Subject: ESI

Using the available Excel workbook, you can make, display, and print ESI charts for all currency pair from Australia, Canada, the European Union, Japan, New Zealand, Switzerland, the U.K., and the U.S. Select 2, 3, or 4 month cumulative surprises from over 500+ daily economic events formed as the news is released. Choose your own events from each country or use the supplied event lists. Also in the ESI workbook are standardized unexpected event or SUE scales for each of the 500+ announcements that you can print as a visual aid for trading the news. A weekly one hour workbook usage webinar is available free to subscribers.

Best regards and good trading,
Quartus Trading LLC

Attached Thumbnails

Why ForexGen?

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.

The Forex Markets Today

The Markets Today Tuesday 05August 2008

EUR/USD	1.5505
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Euro is headed lower, target 1.5350. Strong support on the way lower at 1.5500 and 1.5460 may slow the move.		Short-term bearish trend at 1.5535. An hourly close above that can see a pullback to 1.5580.	1.5500 STRONG 1.5535 TREND 1.5460 STRONG 1.5585 KEY 1.5350 TARGET 1.5605 STRONG

GBP/USD	1.9565
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
1.9660 did not hold, Cable is at the lowest levels in 7-weeks and has space to fall to 1.9430.		Short-term bearish resistance at 1.9610 – a breech there may lift the pair to stronger 1.9660, but while the day loses underneath of that we will remain bearish	1.9550 MINOR 1.9615 MINOR 1.9480 STRONG 1.9660 STRONG 1.9430 TARGET 1.9740 KEY

USD/JPY	107.80
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
The top broke, 108.30 resistance held again and the pair returned to strong support at 107.65. BUY here, next attempt up will lead 100 pips higher to 109.35.		Stop longs upon breaking 107.50, risk is a dip to 106.60	107.65 STRONG 107.90 MINOR 107.15 MINOR 108.30 MINOR 106.60 STRONG 109.30 TARGET

USD/CHF	1.0520
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Closed the day at the high, for now holding minor bullish support 1.0500, while above we are looking to extend towards 1.0660		An hourly close underneath of 1.0490 risks 1.0420/40 in the short-term.	1.0500 MINOR 1.0535 MINOR 1.0450 STRONG 1.0590 MINOR 1.0420 KEY 1.0660 TARGET

XAU/USD	885.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Looking weak this morning, it has nearly reached our 882 target. This may offer some intermediary support and Gold could pull back to 894 for a new SELL		A fall through 880 has room for 865 or even 850 this week.	882 STRONG 888 MINOR 875 MINOR895 STRONG 895 STRONG 865 STRONG 903 STRONG

Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
ForexGen services are all controlled by the international banking and financial regulatory standards.
ForexGen is continuously providing the Forex market's safest trading terms & conditions. Providing professional currency trading services that meet our client's expectations is our first priority.

ForexGen principals:

ForexGen customer satisfaction is our major objective. To reach our business goals, we strive to put our client's goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.