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EUROPEAN Trading Newsletter
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 16th Edition
Expert: Wayne McDonell
Start: Fri, Sep 7, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Asia−Pacific trading Webinar
Expert: Abdul Khan
Start: Mon, Sep 10, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 7, 12:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 16th Edition | Wayne McDonell | WBN | |
| Mon, Sep 10, 09:00 GMT | Asia−Pacific trading Webinar  | Abdul Khan | WBN | |
| Mon, Sep 10, 10:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN |  |
| Mon, Sep 10, 12:00 GMT | Strategies for Long Term Profits in the Forex | John Jagerson | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD:(1.3669) Correction from 1.3853 met 50% Retrace of rise from year low (1.3359) by KBC Bank
The correction off 1.3853 has met 50% Retracement of the rise from year low (1.3359), with 1.3545 as neckline of a Medium Term Double Bottom (1.3545: see graph).
1st Support area at 1.36644 (daily envelope bottom + daily Short Term Moving Average↑), with next levels at 1.3629/ .3627, ahead of 1.3589/ .3580.
- Oracle Call − EUR/USD by Tony Juste
- TRENDEX: Real−time market comments and trading tips. Get your Trial Account now!
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Currency Performance Report − Asia Session Performance by FXstreet.com
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Moves down below pivot level 1.3677
09/07/2007 07:18 GMT - GBP/USD
- Moves down toward first support level 2.0163
09/07/2007 07:18 GMT - USD/CHF
- Trades below pivot level 1.2023
09/07/2007 07:18 GMT - USD/JPY
- Moves down toward first support level 114.94
09/07/2007 07:18 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Sep 7 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 4.9% | 5.1% |
| Sep 7 | 10:00 | Industrial Production s.a. (MoM) | 0.9% | -0.4% |
EMU economic indicators - German output in the producing sector by BHF−Bank
However, July output in the German producing sector probably remained at its June level, given that German industrial new orders shot up twice.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 7 | 06:00 | Trade Balance | 17.9B | 15.6B | 16.5B |
DATA SNAP: German Jul Trade Surplus Higher Than Expected (Dow Jones)
Germany's trade and current account surpluses were higher than expected in July, as exports maintained their dynamic growth, while import growth slowed down, data from the Federal Statistics Office showed Friday.
[ Full Story ]- Federal Statistical Office homepage
- German trade surplus continues rising in July (FXstreet.com)
- German July current account surplus 14.1 bln eur vs 16.4 bln in June (Thomson Financial News)
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 7 | 05:00 | Leading Economic Index | 70.0 | 70.0 | 72.7 |
Japan's leading index falls to 70 in July, meets forecast (Thomson Financial News)
Japan's index of leading economic indicators fell to 70.0 in July from a revised 75.0 in June, matching market expectations, preliminary data from the Cabinet Office showed on Friday.
[ Full Story ]- Read the Leading Economic Index report at Japan Cabinet Office
- Japan July Leading Indicators Table (Dow Jones)
- Japan July Leading Indicators 70.0; Coincident 66.7 (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 6 | 23:01 | UK | NIESR GDP Estimate (QoQ) (Aug) | 0.7% | 0.8% | |
| Sep 7 | 05:00 | JP | Leading Economic Index (Jul) | 70.0 | 70.0 | 72.7 |
| 06:00 | DE | Trade Balance (Jul) | 17.9B | 15.6B | 16.5B | |
| 10:00 | DE | Industrial Production s.a. (MoM) (Jul) | 0.9% | -0.4% | ||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jul) | 4.9% | 5.1% | ||
| 11:00 | CA | Net Change in Employment (Aug) | 16.5K | 11.3K | ||
| 11:00 | CA | Unemployment Rate (Aug) | 6.1% | 6.0% | ||
| 12:30 | US | Average Hourly Earnings (MoM) (Aug) | 0.3% | 0.3% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Aug) | 3.9% | |||
| 12:30 | US | Average Weekly Hours (Aug) | 33.8 | 33.8 | ||