Monday, Sep 08, 07:36 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: Day Trading: A Profitable Trading Strategy for the Futures and Forex Markets by Markus Heitkoetter
- World Interest Rates table: Check when Big Banks will announce next rates decisions
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International Traders Conference 2008 − October 29−31
Don't miss the FX event of the year
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
Starting the Week
1st on Forex: Scheduled Events Calendar for September 8 − 12 by Jerry Furst
Volatility in the Oil markets will be front and center as Hurricane Ike is expected to enter the Gulf of Mexico Tuesday. This coincides with OPEC's meeting where production cuts are expected to be talked about and possibly implemented. Fannie Mae and Freddie Mac will be the topic of the day Monday.
FX Bootcamp: Weekly Pivot Points by Wayne McDonell
The Disciplined Trader: A Strong Change in Trader sentiment is happening by Pierre Charlebois
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Sep 8, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Sep 8, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 8, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Sep 8, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Sep 8, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Sep 8, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe
EUR/USD
Daily Market Commentary − The unemployment data didn't let us down by GFT (Global Forex Trading)
Euro/dollar collapsed to an 11−month low on Friday, but bounce early Monday and my model went long on profit taking (after going short on September 1). The immediate outlook is positive. Initial resistance is at 1.4385. Above 1.4450, resistance is at 1.4625. Immediate support is at 1.4271. Below 1.4198, support is at 1.4085. Further support comes at 1.3835. Distant support is at 1.3695.
- Aggressive rise is seen in EURO and GBP by Dr. S. Sivaraman, of i−knowindices.com
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Daily Recommended Trades − Daily Technical Outlook − Monday 09.08.2008 by E−Forex
Banks' Analysis
Daily Forex Commentary − US Treasury and the Fed saved the World… by Jyske Bank
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.4331 , above pivot level 1.4321
09/08/2008 07:03 GMT - GBP/USD
- Moves down back around opening price level 1.7783 , above pivot level 1.7639
09/08/2008 07:06 GMT - USD/CHF
- Moves up back around opening price level 1.1204 , above pivot level 1.1141
09/08/2008 07:06 GMT - USD/JPY
- Trades around first resistant level 107.85
09/08/2008 07:07 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
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Cons. | Previous | |
| Sep 8 | 08:30 | Producer Price Index − Input (YoY) n.s.a | 29.2% | 30.1% |
| Sep 8 | 08:30 | Producer Price Index − Output (MoM) n.s.a | 0.0% | 0.4% |
| Sep 8 | 08:30 | Producer Price Index − Output (YoY) n.s.a | 10.0% | 10.2% |
| Sep 8 | 08:30 | Producer Price Index − Input (MoM) s.a | -1.2% | -0.6% |
Weekly Market View - Unwinding Carry Trades Roil the Markets by FXstreet.com
PPI (Both input and output) presents insight view for inflation in the U.K. manufactures.Low volatility is expected for this event. The BoE sets the 2.0% traget in the medium term. Please keep an eye open for on the U.K inflationary pressure that would affect the future BoE monetary policy.
[ Full Story ]Top Market Movers Review
Switzerland UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 8 | 05:45 | Unemployment Rate s.a. | 2.5% | - | 2.5% |
| Sep 8 | 05:45 | Unemployment Rate | 2.4% | - | 2.3% |
Swiss unemployment rate edged up in August (FXstreet.com)
The total volume of unemployment has edged up in Switzerland in August, year on year, however, the unemployment rate continues declining, according to the Swiss Statistics Office.
[ Full Story ]- Swiss Unemployment (German lang.) By the Swiss Statistics Office
- Swiss unemployment ticks up in Aug, cloudy outlook (Thomson Financial News)
- Switzerland Unemployment Rate increase to 2.4% in Aug from 2.3% in Jul (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 7 | 23:00 | AU | RBA's Governor Glenn Stevens Speech | |||
| 23:50 | JP | Money Supply M2+CD (YoY) (Aug) | 2.4% | 2.1% | ||
| Sep 8 | 05:45 | CH | Unemployment Rate (Aug) | 2.4% | 2.3% | |
| 05:45 | CH | Unemployment Rate s.a. (Aug) | 2.5% | 2.5% | ||
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (Aug) | -1.2% | -0.6% | ||
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Aug) | 29.2% | 30.1% | ||
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Aug) | 0.0% | 0.4% | ||
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (Aug) | 10.0% | 10.2% | ||
| 08:30 | EMU | Sentix Investor Confidence (Sep) | -18.4 | -15.3 | ||
| 12:30 | CA | Building Permits (MoM) (Jul) | -1.0% | -5.5% | ||