Friday, Sep 05, 07:43 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: Day Trading: A Profitable Trading Strategy for the Futures and Forex Markets by Markus Heitkoetter
- The Forex Journal: Whip Inflation Now by Forex Journal's Collaborators
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LAST CAL OFFER: Only 550€ for the ITC
International Traders Conference 2008 − October 29−31
This year's topics are Trading Psychology, Emerging Markets Currencies, Hidden Divergence, Risk Management, Range Trading, Support and Resistance, Break Out Trading Strategies and Sentiment Indicators.
And there will be 3 LIVE TRADING sessions coached by our guest speakers!
Book now your seat for the ITC 2008 and Enjoy our LAST CALL OFFER: 550 €
- Speeches Schedule
- Speakers Panel
- Haven't you decided to go yet? − View all 2007 videos
Forex Blogs
Recommended Readings
The Trader's Edge: USD/CAD NFP Trade Set Up by Ross Yamashita
With the non−farm payroll coming at us in a couple of hours, this is where we look for trade set−ups to take, once we hear what the actual numbers are and the market's reaction to the numbers. In this trade set−up, we actually scanned the daily charts first and then broke it down into the hourly charts.
The Disciplined Trader: How Will the Non−Farm Payroll Figures Affect the USD? by Pierre Charlebois
FX Market Readings: Big Contrarian move by Dr. S. Sivaraman
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 28th Edition
Expert: Wayne McDonell
Start: Fri, Sep 5, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Fri, Sep 5, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 5, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 28th Edition | Wayne McDonell | WBN | |
| Fri, Sep 5, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Mon, Sep 8, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Sep 8, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN | |
Current Session: Europe
EUR/USD
Daily Technical Analysis − EUR: For those who really have to: attempt tiny longs at 1.4300 by Mizuho Corporate Bank
When all are losing their heads, the baby tends to get thrown out with the bathwater. Time for caution and to think strategically. The Euro has seen the biggest quarterly ever (and we still have another 3 weeks to live through), and we have dropped seven consecutive weeks in eight. Oversold is an understatement and at−the−money implied volatility should creep higher still. Unsustainable but too dangerous to buy into yet. Wait and watch for a dramatic ‘spike low'.
- Big Contrarian move by Dr. S. Sivaraman, of i−knowindices.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:
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
Currencies at a Glance
- EUR/USD
- Trades below opening price level 1.4324 , below pivot level 1.4394
09/05/2008 06:49 GMT - GBP/USD
- Trades around first support level 1.7587
09/05/2008 06:49 GMT - USD/CHF
- Moves up towards first resistant level 1.1145
09/05/2008 06:49 GMT - USD/JPY
- Moves up back around opening price level 107.06 , below pivot level 107.53
09/05/2008 06:50 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, GFT (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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Sep 5 | 10:00 | Industrial Production s.a. (MoM) | -0.3% | 0.2% |
| Sep 5 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 0.9% | 1.7% |
EMU economic indicators - Output in the German producing sector (July): down by BHF−Bank
German industrial new orders probably decreased in July for the eighth time in a row, as the correlated climate indicators continued deteriorating. Output in the German producing sector could have suffered a setback too, as most of the correlated indicators dropped.
[ Full Story ]Top Market Movers Review
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 4 | 14:00 | ISM Non−Manufacturing | 50.6 | 49.5 | 49.5 |
ISM August services index rises to 50.6 vs 50.0 expected (Thomson Financial News)
The Institute for Supply Management's (ISM) non−manufacturing business index (NMI) rose more than expected and into expansion territory for the first time in three months.
[ Full Story ]- Read the Non−Manufacturing Survey at ISM
- UPDATE: US Service Sector Sees Unexpected Rise In August (Dow Jones)
- Euro Falls To Intraday Low Vs Dlr After US Aug Non−Mfg ISM (Dow Jones)
- DATA SNAP: US Service Sector Rebounds In August (Dow Jones)
Daily Analysis - ISM Non−manufacturing in the U.S probably shrank in August by Finotec Group Inc.
US economic indicators - ISM indices (August): showing contraction again by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 4 | 14:00 | US | ISM Non−Manufacturing (Aug) | 50.6 | 49.5 | 49.5 |
| 15:00 | US | EIA Crude Oil Stocks change | -1.9 | -0.1M | ||
| Sep 5 | 06:30 | AU | Foreign Reserves (Aug) | 35.5B | 37.4B |
|
| 06:50 | EMU | ECB Trichet's Speech | ||||
| 10:00 | DE | Industrial Production s.a. (MoM) (Jul) | -0.3% | 0.2% | ||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jul) | 0.9% | 1.7% | ||
| 11:00 | CA | Net Change in Employment (Aug) | 5.0K | -55.2K | ||
| 11:00 | CA | Unemployment Rate (Aug) | 6.2% | 6.1% | ||
| 12:30 | US | Average Hourly Earnings (MoM) (Aug) | 0.3% | 0.3% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Aug) | 3.4% | 3.4% | ||