Monday, Aug 04, 07:59 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
Previewing the week ahead
1st on Forex: Week Ahead for August 4 − 8 Calendar by Jerry Furst
There is a full Calendar of events this week − Lot;s of Interest Rate Announcements amongst Employment and Consumer Sentiment numbers coming out across the globe.
FX Bootcamp: Weekly Pivot Points by Wayne McDonell
FX market Readings: Euro and GBP expected to make volatiles moves for week beginning by Dr. S. Sivaraman
Live Sessions Schedule
Profitable Day Trading in the Forex and Related Markets Series: Chapter III
Expert: Markus Heitkoetter
Start: Tue, Aug 5, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 4, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Mon, Aug 4, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe
EUR/USD
Market Session Recaps − The Dollar traded mixed today for the start of the week in Asia by FOREX.com
EUR/USD opened the new week a bit higher and as the session progressed the pair made moderate moves to a high just above 1.5590. A quick pullback brought the pair to its current levels, (as of this writing) of right at 1.5580. 1.5553 was the low for the session. In the EUR/JPY, the Yen suffered from retail investor selling as the theme was risk reduction ahead of this weeks' decisions by the Fed, ECB, RBA, and BoE.
- NFP data release − Expected market surprise by Dr. S. Sivaraman, of i−knowindices.com
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
FX Briefing − In Q2 GDP in the eurozone could have fallen for the first time by BHF−Bank
Banks' Analysis
Forex Trading Strategies − Mixed US employment report does little for the USD by Saxo Bank
Weekly Analysis
Weekly Market Commentary − Banker shouting into Blackberry on a Sussex−bound train by Mizuho Corporate Bank
Currencies at a Glance
- EUR/USD
- Trades above opening price level 1.5564 , above pivot level 1.5552
08/04/2008 07:06 GMT - GBP/USD
- Moves down towards first support level 1.9692
08/04/2008 07:06 GMT - USD/CHF
- Trades around first support level 1.0475
08/04/2008 07:06 GMT - USD/JPY
- Moves up above pivot level 107.64
08/04/2008 07:08 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 PERSONAL INCOME
| Date (GMT) | Event | Cons. | Previous | |
| Aug 4 | 12:30 | Personal Spending | 0.5 | 0.8 |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 2.2% | 2.1% |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.2% | 0.1% |
| Aug 4 | 12:30 | Personal Income (MoM) | -0.1% | 1.9% |
Friday Notes - Personal Income & Outlays by HVB Group
Tax rebates dramatically boosted income in May, and only the tail end of the rebate checks went out in June. Otherwise, wages and salaries were up moderately, leaving total personal income roughly unchanged. Spending continued to benefit from the fiscal injection, although less than half was spent. Consumers cut purchases of autos but managed to do a lot of shopping at malls.
[ Full Story ]Top Market Movers Review
Switzerland SVME − PURCHASING MANAGERS' INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 4 | 07:30 | SVME − Purchasing Managers' Index | 54.1 | 53.6 | 54.9 |
Swiss PMI edges down in July (FXstreet.com)
FXstreet.com (Barcelona) − Swiss Purchasing Managers' Index has declined in July to a level below the long –term average of 54.5 points, nevertheless, the final reading has been better than expected, according to figures released by the Swiss Association for Materials Management and Purchasing (SVME) and Credit Suisse.
[ Full Story ]- Read the oficial SVME Purchasing Managers' Index at Schweizerischer Verband für Materialwirtschaft und Einkauf
- INSTANT VIEW 1−Swiss PMI hits 3−year low in July (Thomson Financial News)
- Switzerland SVME − Purchasing Managers' Index down to 54.1 in Jul from 54.9 in Jun (FXstreet.com)
Australia HOUSE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 4 | 01:30 | House Price Index (QoQ) | -0.3% | - | 1.1% |
| Aug 4 | 01:30 | House Price Index (YoY) | 8.2% | - | 13.8% |
Australia 2Q House Prices Fall 0.3% Vs 1Q (Dow Jones)
The weighted average price of established houses in Australian capital cities fell 0.3% in the second quarter from the first, the Australian Bureau of Statistics said Monday. Analysts surveyed by Dow Jones Newswires had forecast a drop of 1.0% in the index in the second quarter. The bureau's house price index also showed the weighted average price of established houses in Australia's eight capital cities was up 8.2% from the second quarter of 2007.
[ Full Story ]- Read the House Price Index report at Australian Bureau of Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 3 | 23:50 | JP | Monetary Base (YoY) | -0.7% | 0.7% | |
| Aug 4 | 01:30 | AU | House Price Index (QoQ) (2Q) | -0.3% | 1.1% | |
| 01:30 | AU | House Price Index (YoY) (2Q) | 8.2% | 13.8% | ||
| 07:30 | CH | SVME − Purchasing Managers' Index (Jul) | 54.1 | 53.6 | 54.9 | |
| 08:30 | UK | PMI Construction (Jul) | 37.5 | 38.8 | ||
| 08:30 | EMU | Sentix Investor Confidence (Aug) | -10.0 | -9.3 | ||
| 09:00 | EMU | Producer Price Index (MoM) (Jun) | 0.9% | 1.2% | ||
| 09:00 | EMU | Producer Price Index (YoY) (Jun) | 7.9% | 7.1% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Jun) | 0.2% | 0.1% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Jun) | 2.2% | 2.1% | ||