Friday, Aug 07, 07:19 GMT
EUROPEAN Trading Newsletter
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To Get Started
- NFP Release Live Coverage: Friday, at 12:45 GMT with Nick Nasad
- WEBINAR VIDEOS: The Weather Report: Ichimoku Cloud Trading with Chris Capre
- Forex Tools renewed! Check out the brand new features: Margin Calculator and Carry Trade Calculator
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: NFP data release time − week end expected moves by Dr. S. Sivaraman
EURO and GBP made the drop yesterday duruing US session as expected by forecast. They are expected to firm up during Japanese session.
ForexHedge: Nonfarm Payroll by Ron Schelling
FX Bootcamp: NFP a few hours away by David Pegler
Sponsored by 
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 39th Edition
Expert: Wayne McDonell
Start: Fri, Aug 7, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Aug 10, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 7, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 39th Edition | Wayne McDonell | WBN | |
| Mon, Aug 10, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Aug 10, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Mon, Aug 10, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
Current Session: Europe
Yesterday's drop feels very big because of the previous two days of tiny ranges
Mizuho Corporate Bank − Yesterday's drop feels very big because of the previous two days of tiny ranges but it has done wonders for the overbought situation. The almost 3 cent move is the same size as Monday's rally and well within the scope of daily moves over the last ten weeks. Allow for a rather nervous probe of the top of the ‘triangle' and the 9−day average at 1.6691 and Fibonacci support today.
EUR/USD
EURUSD closed at 1.4345 breaching previous day's low by Precise Trader
EURUSD closed @ 14345 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 15 pips from Precise Trader's Sup Tgt 1.
USD/JPY
USD JPY is in a consolidation after the last bullish movement by Mataf.net
USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ 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 7 | 12:30 | Nonfarm Payrolls | -345K | -467K |
US: Preview of US July unemployment report by Easy Forex
The US labor market remains weak, but the pace of jobs destruction appears to be slowing. US July unemployment and nonfarm payrolls (nfp) will be released on Friday August 7th. The July unemployment report is expected to show that the pace of US job losses is slowing...
[ Full Story ]Week in Focus - ISM and NFP this week by RANsquawk
Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 7 | 06:00 | Trade Balance | 12.2B | 10.6B | 9.6B |
German June Trade Surplus EUR12.2B Vs EUR9.6B In May (Dow Jones)
Germany's trade surplus rose to EUR12.2 billion in June from EUR9.6 billion in May, largely due to a 13% rise in exports from the previous month, the Federal Statistics Office said Friday.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 7 | 01:30 | AU | RBA Monetary Policy Statement (Jun) | |||
| 05:45 | CH | Unemployment Rate (Jul) | 3.7% | 3.7% | 3.6% | |
| 05:45 | CH | Unemployment Rate s.a. (Jul) | 3.8% | 3.9% | 3.8% | |
| 06:00 | DE | Trade Balance (Jun) | 12.2B | 10.6B | 9.6B | |
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (Jul) | -0.8% | 1.5% | ||
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Jul) | -10.9% | -11.0% | ||
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Jul) | 0.0% | -0.2% | ||
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (Jul) | -1.7% | -1.2% | ||
| 10:00 | DE | Industrial Production s.a. (MoM) (Jun) | 0.0% | 3.7% | ||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jun) | -17.5% | -17.9% | ||
Educational Resources
Video Forex Trading Program − Day 5
4xLounge's Forex 30−day Trading Program is an EXCLUSIVE course made of 30 short movies. It gives the student small trading assignments to do each day, practicing the strategies on demo accounts. From technical indicators to strategies and risk management, through major economic data and trendlines, all the basics of Forex are covered. Watch today's lesson: Day 5 − The Fundamentals − The Central Banks.