Monday, Aug 31, 07:30 GMT
EUROPEAN Trading Newsletter
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To Get Started
- Don't miss the Non-farm Payrolls Live Coverage Special 40th edition. With Wayne McDonell. Amazing prizes awaiting for you!
- WEBINAR VIDEOS: The Weather Report: Ichimoku Cloud Trading by 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: Month end expected volatile moves by Dr. S. Sivaraman
EURO and GBP made the drop during start of japanese session along with USD/YEN as month end downward contrarian move.they are expected to recover towards close of Japanese session and then rise quickly during start of European session.
ForexHedge: European Breakouts for next Monday by Ron Schelling
FXBootcamp: Weekly Pivot Points by Curt Wehrley
Sponsored by 
Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Aug 31, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Aug 31, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 31, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Aug 31, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Aug 31, 12:00 GMT | Technical Analysis MACD and MACD Aspray | Valeria Bednarik | WBN |  |
| Mon, Aug 31, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
Current Session: Europe
Currently back below 1.4323, in channel off 1.3832
KBC Bank − Currently back below 1.4323, in channel off 1.3832 (see graph). Support area at 1.4251 (daily Medium Term Moving Average↑), with next levels at 1.4234/ .4224 (daily envelope bottom/ daily Long Term Moving Average↑), where pause favored.
If wrong, next levels at 1.4205 (last week low), ahead of 1.4183/ .4171 (61.8% 1.4045 to 1.4407/ weekly envelope bottom) and 1.4155/ .4127 (break−up daily Aug18/ medium term break−up hourly): tough on 1st attempts.
USD/JPY
USD/JPY started this weeks trading with a gap down, by ecPulse.com
The USD/JPY pair started this weeks trading with a gap down, showing that the pair is attempting to extend the decline, after breaching the pivot support at 93.75 and heading towards 92.20.
GBP/USD
Hourly Trend is Sideways while 16385 holds by Precise Trader
The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 1.6385 holds and Daily Trend is also Sideways while 1.6640 holds.
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
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 31 | 09:00 | Consumer Price Index (YoY) | -0.4% | -0.7% |
Euro Thoughts - Inflation fears are a widespread feeling in markets these days by UniCredit Group
Inflation fears are a widespread feeling in markets these days. The recent stream of positive (or less negative) economic data from US, China and Emerging Markets (EM) in general and, to a lesser extent, the euro area has reinforced this feeling. As a consequence, medium−term breakevens have risen sizeably and in meeting with clients and investors you get the clear impression that the market is pondering the idea that sooner rather than later major central banks – ECB included – will find themselves behind the curve, rushing to implement their exit strategies.
[ Full Story ]Top Market Movers Review
Australia COMPANY GROSS OPERATING PROFITS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 31 | 01:30 | Company Gross Operating Profits (QoQ) | -7.8% | -4.4% | - |
Australian Co Profits −7.8% In 2Q Vs −4.5% Consensus (Dow Jones)
Australian company gross operating profits fell 7.8% to a seasonally adjusted A$49.70 billion in the second quarter of 2009 from the first quarter, the Australian Bureau of Statistics said Monday. Company profits fell 14.7% from the year−earlier quarter.
[ Full Story ]- Read the Company data at Australian Bureau of Statistics
- Australia Q2 Company Gross Operating Profits −7.8% (Forex Live)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 31 | 00:00 | UK | Late Summer Holiday | |||
| 03:00 | NZ | Business Confidence | 34.2 | 18.7 | ||
| 05:00 | JP | Housing Starts (YoY) | -32.1% | -30.3% | -32.4% | |
| n/a | AU | HIA New Home Sales (MoM) (Jul) | 0.1% | 0.5% | ||
| 09:00 | EMU | Consumer Price Index (YoY)  | -0.4% | -0.7% | ||
| 12:30 | CA | Gross Domestic Product (MoM) | 0.2% | -0.5% | ||
| 13:45 | US | Chicago Purchasing Managers' Index | 47.4 | 43.4 | ||
| Sep 1 | 01:30 | AU | Building Permits (MoM) | 3.3% | 9.3% | |
| 01:30 | AU | Building Permits (YoY) | -9.1% | -14.3% | ||
| 04:30 | AU | RBA Interest Rate Decision | 3% | 3% | ||
Educational Resources
Why the Astute Market Speculator Loves Social Media
Going to Social Media for trading education is most often a path filled with traps that really speed up the account transfer from those who don't know what they are doing, into the accounts of those who do. Read whole Sam Seiden's article!
Other articles of this week's Lessons from the Pros
What to Do If a Breakout Fails - Article by Steve Misic
The Statistical Recovery, Part Three - Article by John Mauldin
A Married Put - Article by Online Trading Academy Team
Common Market Misconceptions Explained and Clarified - Article by Gabe Velázquez