Friday, Aug 01, 07:33 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: MONTHLY WEBINAR: Trading Plan: Rules and tools - Part 1 by Valeria Bednarik
- FXstreet.com DVD Series - Support and Resistance Trading − Buy it now! by Rob Booker and Dave Murphy
- Real−Time Economic Calendar - Be notified straight into your RSS reader when a new event is released
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Forex Blogs
Trading Tips
FX Path: The Genius of Trailing Stops by James Chen
Theoretically, a well−placed trailing stop can allow a position to extend ad infinitum as long as price continues to trend in one direction, while simultaneously locking in hard−won profits.
The Disciplined Trader: Patterns, Fractals and how we can see the emotionality in them by Pierre Charlebois
Forexology: Recap of the previous harmonic patterns by Sunil Mangwani
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 27th Edition
Expert: Wayne McDonell
Start: Fri, Aug 1, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Aug 4, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 1, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 27th Edition | Wayne McDonell | WBN | |
| Mon, Aug 4, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Aug 4, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Aug 4, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
USD/JPY
Currency Majors Technical Analysis − USD JPY is in a range between 107,30 and 108,30 by Mataf.net
107,59. USD JPY is in a range between 107,30 and 108,30. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should find a support above 107,30. If the support is broken then the target will be 106,50. We won't take a position. The risk/reward ratio is too high to take a position.
- Month end Volatile moves expected to prevail by Dr. S. Sivaraman, of i−knowindices.com
- Support and Resistance Trading DVD by Andrei Pehar, Sr. Currency Strategist fxKnight.com
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Daily Market Commentary − The risk for the dollar is on the downside by Global Forex Trading
Trading News Report − Non−Farm Payrolls Threaten To Sink The Dollar by FXCM
Bank's Analysis
Daily Technical Analysis − EUR: Buy at 1.5565; stop below 1.5500 by Mizuho Corporate Bank
Today's Technical Trading Points by Danske Bank A/S
Forex Technical Analysis − EUR/USD: (1.5565) Head and Shoulders top threat while below 1.5611 by KBC Bank
Currency Performance Report
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Blogs
NFP data release − Expected market surprise by Dr. S. Sivaraman, of i−knowindices.com
Forex Signals
Recent Recommended Trades by Ace Trader
Currencies at a Glance
- EUR/USD
- Moves down below first support level 1.5548
08/01/2008 06:47 GMT - GBP/USD
- Trades below pivot level 1.9848
08/01/2008 06:48 GMT - USD/CHF
- Trades above opening price level 1.0468 , above pivot level 1.0456
08/01/2008 06:48 GMT - USD/JPY
- Moves down below first support level 107.53
08/01/2008 06:49 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 1 | 12:30 | Average Hourly Earnings (MoM) | 0.3% | 0.6% |
| Aug 1 | 12:30 | Unemployment Rate | 5.6% | 5.5% |
| Aug 1 | 12:30 | Nonfarm Payrolls | -75K | -62K |
| Aug 1 | 12:30 | Average Hourly Earnings (YoY) | - | 3.4% |
| Aug 1 | 12:30 | Average Weekly Hours | 33.7 | 33.7 |
US economic indicators - We expect non−farm employment to have fallen by about 75k in July by BHF−Bank
We expect non−farm employment to have fallen by about 75k in July. The unemployment rate could have edged upwards, from 5.5 to 5.6%. Average hourly earnings are likely to have risen by 0.2% mom, slightly less than in June.
[ Full Story ]- FOREX−Dollar holds near one−month highs, U.S. jobs eyed (Thomson Financial News)
Daily Forex News - Forex − FX market focus on tomorrow Non−farm payrolls after ADP report gave a positive picture by ACM − Advanced Currency Markets
Top Market Movers Review
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 1 | 06:19 | Retail Sales (MoM) | -1.4% | -0.5% | 1.3% |
| Aug 1 | 06:08 | Retail Sales (YoY) | -3.9% | -0.7% | 0.7% |
DATA SNAP: German June Retail Sales −1.4% MM, −3.9% YY (Dow Jones)
Retail sales in Germany fell more than expected in June, remaining in negative territory for the first half of the year, data from the Federal Statistics Office showed Friday.
[ Full Story ]- June Retail Sales by Destatis
- German June retail sales down 1.4 percent from May, down 3.9 pct yr−on−yr (Thomson Financial News)
- German retail sales decline larger than expected in June (FXstreet.com)
- Germany: Retail Sales decline 1.4% in Jun; 3.9% down year on year (FXstreet.com)
Australia MANUFACTURING PMI
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 31 | 23:30 | Manufacturing PMI | 46.9 | - | 51.2 |
Australia July Performance Of Mfg Index 46.9 Pts Vs 47.0 (Dow Jones)
Australia's manufacturing sector contracted for the second consecutive month in July, a performance gauge produced by an industry group published Friday shows. The Australian Industry Group−PricewaterhouseCoopers Australian Performance of Manufacturing Index fell 0.1 point in July from June to 46.9. A reading below 50.0 points separates contraction from expansion.
[ Full Story ]- Read the Performance of Manufacturing Index report at AIG website
- Australia manufacturing slows further in July (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 1 | 05:00 | JP | Vehicle Sales (YoY) (Jul) | 5.4% | -3.6% | |
| 06:08 | DE | Retail Sales (YoY) (Jun) | -3.9% | -0.7% | 0.7% | |
| 06:19 | DE | Retail Sales (MoM) (Jun) | -1.4% | -0.5% | 1.3% | |
| 06:30 | AU | RBA Commodity Index SDR (YoY) (Jul) | 41.1% | 37.8% | ||
| 07:55 | DE | PMI Manufacturing (Jul) | 50.9 | 52.6 | ||
| 08:00 | EMU | PMI Manufacturing (Jul) | 47.9 | 49.2 | ||
| 08:30 | UK | PMI Manufacturing (Jul) | 45.5 | 45.8 | ||
| 12:30 | US | Average Hourly Earnings (MoM) (Jul) | 0.3% | 0.6% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Jul) | 3.4% | |||
| 12:30 | US | Average Weekly Hours (Jul) | 33.7 | 33.7 | ||